Come On Down

Exactly. Inflation will be about the same next month I suspect.

This forum has become very political. In fact I've never known politics to dominate the news as much either. Obviously there is a good reason for that with Brexit, Covid etc, but I'm sure there are other forums to discuss tory bashing/truss bashing etc, yawn, all a bit main stream, unimaginative and boring dont you think? Let's all jump on the whatever the current prime minister bashing band wagon. Not sure how Labour would have handled the last few years, oh yes, I know, MUCH WORSE.

I suspect the impending crisis will result in the tories losing the next general election as the lefty MSM will blame them for everything what is generally a worldwide problem caused by Putin.

Bottled it!

The vested interests is how we got into this mess in the first place, and they will be the ones singing the 0.25% tune. The BofE needs to follow suit and do at least 0.5%

Keep the faith RealistBear...Cant believe its been 5 years since I first joined HPC, I'm still a bear. They are coming down again, and thats not Katie Prices knickers I'm talking about.

A slight increase knowing the Halifluxuating measure.

Theres no doubt that 0.5% interest rates have helped cushion the fall this time as a lot of people have been relieved of high mortgage costs. However, what we are currently seeing is the result of a lot of pent up demand for housing from people that HAVE money that have been wanting to buy for the last year or so but put it off due to crashing prices. This will not last. The correction process will continue after this current dead cat bounce.

Yeah but, no but, yeah but.... What percentage of the market of new mortgages does nationwide actually occupy nowadays???? Cant be above 10%. Probably mid single-digits? This can hardly be refelective. In fact you have to call into question the halifux index as well seeing as both of them are minority players now.

Yes they have, to people who have tracker mortgages. Hence my rate is now 3.27%, BBBR+0.27%!!! This website is sooooo slow nowadays, its one of the reasons I visit very often.

I think so. We're currently experiencing financial armageddon, and thats before the recession that will cause even more problems and defaults for people, businesses and banks. Higher taxes will result, with banks not lending to anyone with a triple A rated platinum credit record for the next 5/10 years. And somehow house prices will be immune? House prices are going to fall a long long way yet.

WE need to produce a list of all the politicians, journalists, economists, housing experts(!), that harped on about the supply and demand bullpoo. Kenneth Clarke was one of them on Newsnight. Never forget it.

A bit like the way the foreigners are picking up all that US property??! I dont think so.

Because of supply and demand!!! LACK OF SUPPLY!!!!!!!!!!!! AHAHHHAHHHAHHAAAHAHH!!!! I think we all know what causes demand, and thats easy money, which has sailed into the sunset!!!!!!!!!!!!!!! Bye bye housing market!!!!!! LOL LOL LOL

Yeah I made the comment via the "send in a comment" link on the website for his show, whilst streaming it through windows media player listening to it through headphones at work!! Yeah I think most people went ouch when the woman mentioned 15% stamp duty!! Makes our 1, 3 and 4% look fairly miniscule. Interesting point about just having one band for all house purchases. I cant see the logic for having a high percentage stamp duty on a higher value house. Apart from that is, to make more money for UK plc. It would also stop those stupid games around the 250k mark.