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About JimTheHouseCat

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  1. https://www.telegraph.co.uk/business/2022/05/13/millions-homeowners-face-negative-equity-trap-property-collapse/ I swear this article had a different headline earlier, they edited it to sound even more disastrous. Torygraph ramping up the bearish articles lately. Is this trying to put the frighteners up the masses so bailout can begin?
  2. Seems like the energy companies where the ones with the worst practises went bust first. Molo is just the first of many, as rates rise more will get their borrowing restricted by banks.
  3. This week is a massive week for us all on here in terms of direction of travel regarding interest rates. I think both will raise 0.25. FED is still v early in hiking cycle. Don't forget BoE started with a 0.1 so FED will copy the slowly slowly method. They have to take it easy as they are trying not to make the recession too deep and they don't know where the sweet spot is. The media still saying that this is a supply chain recession is ********. If people weren't flush with money they would not pay the increased prices. How on earth are people flush with money? Stimulus cheques, furlough, BBL, it's all extra money into the economy and it finds its way into property. People then leverage up again and we get these bubbles. People are buoyed by rising assets and will keep spending. Unfortunately you can't eat assets and inflation is hitting people hard now so there has to be a recession to wipe out some late entrants stop the speculation and get inflation down.
  4. Also everything is a market and earlier entrants who have had enough inflation protection could dump on you at any time. I managed to protect myself against inflation by hitting a 30x on a random meme crypto. Doubled my total cash holdings with a few trades....but now I wonder how to protect THAT from inflation...it never ends until the inflation ends.
  5. This is very strange behaviour, do you know the guy? Does he have your number already or was he desperately going through the phone book?
  6. https://www.telegraph.co.uk/property/house-prices/toxic-cocktail-rates-bills-inflation-force-10pc-drop-house-prices/ It's the CEBR with this prediction (usually quite bearish on property) who got their covid prediction spectacularly wrong. Hoping they are right this time.
  7. Woops that was already posted. I think we all read the same blogs. Notayesman Wolfstreet Surplusenergyeconomics Etc
  8. https://wolfstreet.com/2022/01/08/treasury-yields-mortgage-rates-spike-markets-begin-to-grapple-with-quantitative-tightening/
  9. Bit harsh! He says she thinks similarly to him. I do hope you have a laugh though Jimmy! I didn't get the urge to buy anything at all during lockdown. Seems my Mrs dealt with the whole thing with compulsive spending and the doorbell was going a few times a day.
  10. Mortgage rates are already going up, don't know what the fuss is about. BoE have to get as much mileage from as few rate rises as possible. They can do this by talking about raising rates and then by actually raising them for a double whammy. They want the effect without having to bankrupt the government. Banks are probably complicit. Notice how they are no longer competing to get rates as low as possible, they have pre-emptiveply raised rates. They know the direction now is gently up not down in order to not destroy the financial viability of this nation.
  11. Silvana is a perma dove external member of MPC she would cut rates below zero given half the chance. She is just one vote though, Bailey is the vote which matters as the internal members will follow him.
  12. Next CPI print is just less than 2 weeks, if their hand will be forced it will be by this metric. What would they do when it's at 5,6,7,8,9%? It's interest rate rises only which will cause the crash now so hoping for massive inflation is the only way! Madness.
  13. Stats on the scheme last time round not too scary. https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/648018/H2B_MGS_Official_Statistics_Publication_-_September_17.pdf Looks like it mainly supports buyers in the Midlands and North. It's not going to be driving up prices in London. It's literally the same scheme, they've not even pushed up the maximum amount.
  14. Because you multiply your deposit by the lenders multiplier, sounds like you will be fine.
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