-
Posts
3,061 -
Joined
-
Last visited
About GreenDevil
-
Rank
Newbie
Recent Profile Visitors
9,448 profile views
-
To answer your question you to look at it from the viewpoint of the entitled not as a pleb desperate to get on the ladder. Say your a top tory politician with a porfolio of property. Youve seen your 100k investments increase to 800k-1mill. If you allow rates to rise, your nest egg drops as in the graph above. Plus your mates in the banks will start losing money as plebs start to go underwater and you lose your speaking engagements. However if you keep dropping rates, your pot increases, which would you choose! In order to keep the plebs happy, you can offer the carrots of HTB and pay for it with printed money. If you scare the plebs every now and again, with a threat of a rate rise, you have the added bonus of picking up stocks and crypto as a discount price.
-
Are these the early signs of global interest rate rises
GreenDevil replied to Pop321's topic in House prices and the economy
🤣 🤣 -
Examples of big & multiple drops
GreenDevil replied to Sausage's topic in House prices and the economy
Thanks for the links roady. Those places have one thing in common, theyve been on the market an age, and are never likely to sell at a price anywhere near to vendors expectations. Truly absurd, especially that flat in pimlico. London property is unsaleable. -
🤣🤣
-
Who cares? What else are they going to do? Rates arent going up. Money needs to find a new asset. Something with a yield (BTL div stocks crypto etc). Inflation is happening and rates wont rise. We arent in the old system anymore.
-
Catching up on some house prices and it seems that the new subcription model ie £1.99 a month is blurring out prices but not doubt collecting the prices. Which is a shame as i was happy to spend my time trawling the web to get property logs prices up to date, but not for a price of 1.99 per month. So im afraid ive removed the extension. Does anyone know of another similar way to get price history? Thanks,
-
Surely you can just print more money to pay your inflating debts if you keep interest rates at zero? Theyve clearly thought about this in depth and decided its the only way to dig a deeper hole. 🤣
-
We (Taxpayers) have just been fleeced ! (NatWest)
GreenDevil replied to Warlord's topic in House prices and the economy
Its a common trait of UK governments. Sell every asset you ever own at the bottom... How many times has that happened before .... 😀 -
We (Taxpayers) have just been fleeced ! (NatWest)
GreenDevil replied to Warlord's topic in House prices and the economy
Exactly. 700m, is considered small change in the current printy printy time. You have unprecedented printy printy and a world unlocking after 18months shutdown and free handouts. And they're surprised theres rampant inflation! 😀 -
Property Lion May 2021
GreenDevil replied to TheCountOfNowhere's topic in House prices and the economy
People love Boris and Rishi. Theyve been sat at home paid 80% of salary by the tax payer. No wonder they're voting tory ! 😄 -
STORM SWEEPS THROUGH US BOND MARKET ON FRIDAY: FT
GreenDevil replied to Sausages's topic in House prices and the economy
To add the fed think there is no risk in inflation after the world reopens and is thinking that long term the long end yield will fall mid to long term. As always the biggest risk is the job market to them. Keep rates on the floor and keep printing. -
STORM SWEEPS THROUGH US BOND MARKET ON FRIDAY: FT
GreenDevil replied to Sausages's topic in House prices and the economy
The long end of the bond market prices in real interest rates not fed fantasy rates. When long end is low yield investors stick money in tsla and growth stocks. When the yield rises why put your money in risky stocks that need to borrow to pay for reasearch tech etc when a tresury bond pays a good yield.