petetong
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Posts posted by petetong
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4 hours ago, Biggus said:
It's true to say the Conservatives have been utterly useless. Massive overspending, high taxes, a debt bubble and inflation. They really need to be shown the door. As you say, though, what's the alternative?
You know as soon as Labour take power they will go on a spending spree. If you work in the NHS, or at least in the public sector, you will do OK. Everyone else should prepare for the worst.
We really need a party that has an objective of sensible finances and creating prosperity for ordinary people. Not growing the state, not perpetuating the housing bubble and not enriching billionaires.
Well that won't be Labour, Reeves has already said she wants to bailout landlords and mortgage debtors. Not that Tories are much better mind, although they haven't said that but did pump the bubble as much as possible prior to inflation taking off.
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7 hours ago, scottbeard said:
Just about EVERY gen z I’ve spoken to about it acts as if they simply will never own a house.
it’s as fanciful as joining a final salary pension scheme would seem to a millennial or having a university grant seemed to my generation x.
it’s a thing that USED to happen
actually it’s not that bad of course and I think the return of interest rates to normal and the tax attacks on BTL are helpful, though they still have a more uphill battle than those before them
Don't you think the powers that be will try to drop interest rates back to 2% - 3% at the earliest opportunity, along with other props for the housing market. Hopefully that's impossible. Then you have Labour's Reeves who wants to help BTL, you couldn't make it up, so much for helping the poor and young ...
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I'd vote rejoin so I could leave this dump of a country more easily.
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Of course it was planned, just look at Tony "75 properties" Blair and his millionaire son ...
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4 hours ago, spyguy said:
nouvo cuisine at it's finest
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Apart from a forum being old hat haven't a large percentage 40% plus given up on the idea of ever owning a home, so perhaps they think there is no point.
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Pity they built the first stage of HS2, destroyed some lovely woodland etc, another massive waste of money.
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This will also increase demand for oil, causing higher prices unless OPEC increase supply presumably:
https://twitter.com/financialjuice/status/1704832120622116908
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Will todays IR decision have any effect on house prices ? Suggests wage rises are the key determinant not IR's.
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43 minutes ago, wighty said:
Remove stamp duty in 2024 autumn budget, anyone?.
Go on Labour say you won't put it back if you win.
Yep, that wouldn't be a surprise at all ...
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21 minutes ago, jiltedjen said:
I guess they are looking at the HPC-apocalypse forming in front of them, possibly seeing the BTL lenders getting a bit wobbly, and decided spreading the pain with a combination of heavy inflation and deleveraging housing prices was their best choice.
to be fair when the housing market crashes the £ is toast anyway, as houses ARE the economy as we hollowed out real industry.
So with that in mind we are heading in a bad direction either way. Why not pick some winners and losers?
the HPC train is heading for the cliff, they have just chosen not to throw another shovel full of coal into the boiler.
have the BOE ever increased rates outside of meeting dates?
You still think there will be HPC ? I can't see it really now, BOE are corrupt and completely in the pocket of the government and both want to maintain house prices and send them skywards again. Crony capitalism at its finest. As someone suggested I wouldn't put it past Sunak to try and sell another spike in house prices between now and the election as down to his wonderful economic policies. I wouldn't be surprised if todays lack of IR's will see asking prices increase as EA's and vendors think it's back to normal from here on in.
"have the BOE ever increased rates outside of meeting dates? " - I have more chance of winning the lottery...
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10 minutes ago, Bear Necessities said:
thanks for the tips. I was looking at mass-loaded vinyl and that kind of thing if we did need it one day. Will cross that bridge if we come to it.
But like I say it's not thumping sounds and full conversations and music, just a low murmur occasionally and a very muffled cheering sound if England score, so I think it's fairly ok as it is. Look out for a thread in a year's time when I'm crying about how terrible and noisy the new people are!
I read the best thing for sound proofing a wall is "soundproof" plasterboard attached to a frame so you have an air gap between the wall and plasterboard for separation too. That should stop that sort of noise. Nothing will stop impact noise much though apart from moving somewhere else but that shouldn't be an issue for you.
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7 minutes ago, dances with sheeple said:
I know you are joking, much deeper more informed discussion on Bloomberg, massive moves on the bond markets going on, people with large mortgage debt are going to be hammered.
Care to expand on this ?
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I expect them to hold, as any meagre positive news will be used to justify it.
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8 minutes ago, captainb said:
I'm not sure keeping rates at around 4.5% while maintaining employment is market manipulation.... Prices would still adjust (slowly) to new level depending on if anyone bothers to build, where you are etc
It certainly not more manipulation than screaming rates should be 8% or whatever nonsense as you have a vested interest.
My vested interest is probably like most in their 20 to 40s. A fall so I can trade up but not mass unemployment please. That's horrific for all involved
Strange how one persons vested interests are nonsense and yours are admirable ... yeah right ...
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2 hours ago, captainb said:
Meh. Real world they risk overdoing it as per normal
Talking credit lines for small businesses etc, when facilities come up for renewal need some confidence even at a higher rate to maintain employment
While some on here may wish mass unemployment on others so they can get something additional off a falling house price that says more about them.
Settling around 4.5% base for a while seems more reaosnable and if they raised sooner they could have done.
While some on here think house price increases due to market manipulation and HPI props are sacrosanct ...
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0.1 is massive drop I must admit. I guess the massive increase in the cost of living which for the most part will stay as it is won't have any effect on people's ability to pay their mortgage.
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12 hours ago, dugsbody said:
You don't know any of that stuff, you're just inventing excuses to continue to vote for the party that has f$cked things up royally for 13 years. Anyone who wants to do that must be a "muppet" to use your own words.
My opinion is you dislike Labour for cultural reasons, but you're too scared to just say that, so you invent smokescreens. It was the same with the brexit vote. Everyone knew it was blatantly and almost entirely about immigration, but brexiters needed smokescreens so they invented things like pretending to care about fisherman, only to never mention them against the microsecond after freedom of movement was ended.
Just be honest, be yourself, you'll be happier.
Do you actually read what the likes of Reeves has said in the past few months about bailing out mortgage holders and BTL'ers ? Given New Labour started the BTL explosion, 40K landlords in 1997 up to over 1 million in 2010, I'd say we have a good idea what they will do, particularly as Reeves is stating she'll bail them out given half the chance.
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8 hours ago, Timm said:
2.1% I think.
What was the target then ? Still 2% ?
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2 hours ago, btd1981 said:
Funny how policy makers can 'look through' inflation, but the very thought of deflation makes their bums twitch.
They are only good at theft ...
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1 hour ago, scottbeard said:
If he was visually impaired he’d have the font size on his device set large, not read all our posts in tiny font whilst posting in huge fonts himself
its just caused by cut and pasting from other sites and not taking 5 more seconds to change the font size
trying to defend the indefensible is daft
Large font is indefensible ? 🤣
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4 hours ago, dugsbody said:
Someone who votes for the party that has been in charge for the last 13 years is not a muppet then?
If you can be bother to read I said in another post they are the same shyte different name. In terms of what people want on here generally, i.e. lower house prices, Labour will be worse as they will bail out mortgage holders and pump house prices even more, they started that particularly shyte show too as well as the BTL parasite horde.
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1 hour ago, MARTINX9 said:
Rinse and repeat - 1966, 1970, 1974, 1979, 1997, 2015, 2024! We have been doing the Labour and Tories will be better this time or next time for 80 years now!
Only difference is in the past it only took people five years to work it out! Now it seems to take 13!
Exactly, same shyte different label with minor variation.
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Just now, winkie said:
Of course they can......keep voting for what always have, keep getting what have always got......that is worse.
Oh labour will be different will they ? 🤣 😉
House Prices fall at LEAST 14% or £42,000 since February - proof.
in House prices and the economy
Posted
nom nom nom ... 🤣