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Everything posted by frederico
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TSB to raise mortgage rates by 0.45 and 0.75 pc
frederico replied to NoHPCinTheUK's topic in House prices and the economy
He’s not very good is he, he’s becoming stupidly obvious now. -
TSB to raise mortgage rates by 0.45 and 0.75 pc
frederico replied to NoHPCinTheUK's topic in House prices and the economy
Is that right? I don’t think so -
TSB to raise mortgage rates by 0.45 and 0.75 pc
frederico replied to NoHPCinTheUK's topic in House prices and the economy
How do you know it isn’t true? (My comment that is) the bloke seems to a bit too persistent. History has shown that no one can make any sort of a prediction such as the above. But barring financial crises, pandemics or major acts of terrorism, interest rates are most likely to be at their current level or higher for ever. see @TheCountOfNowhere graph. At this point less than 2% seems a fantasy. -
Home.co.uk says London prices 38% down year on year?
frederico replied to spxy's topic in House prices and the economy
It’s based on madeupism -
Labour pledges to renationalise railways
frederico replied to yodigo's topic in House prices and the economy
They don’t have to be, in fact it’s preferable not to be. There’s still plenty of scope to extract money. -
Home.co.uk says London prices 38% down year on year?
frederico replied to spxy's topic in House prices and the economy
Calling @Stewy nothing to see here house prices will rise for ever at an ever increasing rate because err I say so. -
Labour pledges to renationalise railways
frederico replied to yodigo's topic in House prices and the economy
Ok so who’s going to pay for it and will it make the unions even stronger. Its pathetic tbh, not a good sign -
TSB to raise mortgage rates by 0.45 and 0.75 pc
frederico replied to NoHPCinTheUK's topic in House prices and the economy
This was all to help those young ftbs get on the housing ladder, like htb, a disaster. -
TSB to raise mortgage rates by 0.45 and 0.75 pc
frederico replied to NoHPCinTheUK's topic in House prices and the economy
@Stewyis still at home in his mums house -
TSB to raise mortgage rates by 0.45 and 0.75 pc
frederico replied to NoHPCinTheUK's topic in House prices and the economy
Exactly, what have they done , remind me. -
22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
Wow, thanks for sharing, looking promising. -
Russia are an adversary that sees its own citizens as canon fodder. Having said that Ukraine seems to be running out of men to die more quickly. The west have underestimated how much it would take to stop Russia however and the money is beginning to mount up, as well as the bodies. As for the imf on Russia, they need to check their calculations and assumptions.
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22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
The elephants in the room are interest rates and inflation. A few years ago, before Covid one my then esteemed company mouthpieces gave a presentation to us union representatives basically saying they couldn’t afford the pension because rates were very low and would stay that way. I got shouted down by both sides of the table for daring to suggest that the anomaly might be the low rates. It didn’t matter because Covid gave them the perfect excuse to chop the pension. So no one knows what rates will do in the future simply because of the crazy stuff that has happened in the last 20 years, however 5% is probably nearer normality. -
22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
High end lodging, hmm, budget end lodging, didn’t know there was such a thing, I just went to the places my then workplace recommended. But yes pointless subject -
22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
Nah, I’ve lodged in a few places when I was a lot younger, in hindsight people who take in lodgers are not normal. They’re bloody weird. -
22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
It’s a mask, all of it, it would be highly unusual if you got the slightest whiff of bad finances or anything else. Don’t even think about other people’s finances, all will become clear eventually and even then it will be worse than you imagine. I have seen it all with what used to be close family. -
22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
Only desperate or extremely lonely people take in lodgers, it’s a sign of regression. -
22/04/2024 - The exact moment the housing bubble burst
frederico replied to fellow's topic in House prices and the economy
House prices have been mostly rising for decades now, why should that change? Well all the rises have been driven by risky lending and ultra low rates. We no longer have ultra low rates, we have instead fear and uncertainty. We have an inert government delivering sound bites and the only real opposition doing the same. Would you invest a lot of money now unless it was a no brainer? Sure a few will, but it’s not a very attractive environment for long term investment. So there are possibly a couple of things that drive house prices today, employment and what the banks are prepared to lend. Both have got to be on a knife edge, the bbc et al keep hoping rates will drop and say what good news it is, but how long can this be sustained? @Stewy talks a good talk but it’s the walk that matters. Time will tell, -
Lords vote against Sunak's Rwanda bill
frederico replied to Bruce Banner's topic in House prices and the economy
Apparently it costs £1.8 million per person to send them to Rwanda. -
I actually agree with you on this one, I was made redundant in the eighties and really found it difficult, these days everyone seems happy to take on massive debt with no real concern about what will happen if they suddenly lose the ability to earn. Probably good for those really deserving help, but who’s paying.
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Yes without Cameron and his ukip insecurity problems there would have been no brexit, that much is a fact.