nohpc Posted January 17, 2009 Share Posted January 17, 2009 Pound stabilised. Prices slashed by 50% and still nothing selling. Houses crashing and still nothing selling. People losing jobs. People taking pay cuts. People taking working hour cuts or unpaid holidays. Repeat the above on a global level. Governments money being pumped into banks only a fraction of what was leant out. There is no quick fix to the above plus once it is all fixed it will take a time for sentiment to return and for people to start borrowing again. This is the logic I have used to lock into a tracker at BOE + 1.54 % . Quote Link to comment Share on other sites More sharing options...
pete.hpc Posted January 17, 2009 Share Posted January 17, 2009 "nohpc" Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted January 17, 2009 Share Posted January 17, 2009 Pound stabilised.Prices slashed by 50% and still nothing selling. Houses crashing and still nothing selling. People losing jobs. People taking pay cuts. People taking working hour cuts or unpaid holidays. Repeat the above on a global level. Governments money being pumped into banks only a fraction of what was leant out. There is no quick fix to the above plus once it is all fixed it will take a time for sentiment to return and for people to start borrowing again. This is the logic I have used to lock into a tracker at BOE + 1.54 % . You should have sold instead Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 17, 2009 Author Share Posted January 17, 2009 You should have sold instead Can't. Locked into a 3 year rental contract with my tennants. Quote Link to comment Share on other sites More sharing options...
Ah-so Posted January 17, 2009 Share Posted January 17, 2009 Pound stabilised.Prices slashed by 50% and still nothing selling. Houses crashing and still nothing selling. People losing jobs. People taking pay cuts. People taking working hour cuts or unpaid holidays. Repeat the above on a global level. Governments money being pumped into banks only a fraction of what was leant out. There is no quick fix to the above plus once it is all fixed it will take a time for sentiment to return and for people to start borrowing again. This is the logic I have used to lock into a tracker at BOE + 1.54 % . I agree that BOE rates will stay low. However, I think inflation will rise and we will have negative real interest rates. The weaker pound will lead to more expensive imports and create inflation. The proposal to launch a round of quantitative easing, i.e. to print money, can only lead to higher inflation. In fact this is in part what it is designed to do. We will have a period of recession and inflation - stagflation Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted January 17, 2009 Share Posted January 17, 2009 Can't. Locked into a 3 year rental contract with my tennants. Too late now. But you could probably have bought them out for a couple of grand, instead of losing 30% on your asset value. Quote Link to comment Share on other sites More sharing options...
nohpc Posted January 17, 2009 Author Share Posted January 17, 2009 Too late now. But you could probably have bought them out for a couple of grand, instead of losing 30% on your asset value. Repayments so low I'm just paying the thing off now and hopefully in 20 years time I'll turn around a nice capitol gain and get a good rental income. No other choice as far as I can see property will not be sellable for the next 5 years. Quote Link to comment Share on other sites More sharing options...
refusnik Posted January 17, 2009 Share Posted January 17, 2009 Invest in education. Quote Link to comment Share on other sites More sharing options...
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