Game_Over Posted September 23, 2009 Share Posted September 23, 2009 maybe you didnt live in east anglia where my 5 bed went to £235,000.last boom didnt affect all areas. My house is probably worth 4 times what I paid for it in 1988. I'm not sure if that's good, bad or average - I suspect it's below average. At the end of the day it's only really worth what someone is prepared to pay me for it when I eventually sell it. Quote Link to comment Share on other sites More sharing options...
Jister1 Posted September 23, 2009 Share Posted September 23, 2009 Oh good....the prediction game...erm...erm...erm... right.... Wait a minute...is this the same CBI who back in 2008 predicted 0.5% interest rates .... Wait ......wait a minute....they never predicted that did they? Oh.... but they are better now...I mean...they can see into the future now....they know how to do that now Pack it in you muppets....they know jack shect...you know....bully's brother!! I do not think we will see 2% 2010. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 Oh good....the prediction game...erm...erm...erm... right.... Wait a minute...is this the same CBI who back in 2008 predicted 0.5% interest rates .... Wait ......wait a minute....they never predicted that did they? Oh.... but they are better now...I mean...they can see into the future now....they know how to do that now Pack it in you muppets....they know jack shect...you know....bully's brother!! I do not think we will see 2% 2010. The point is not whether they will be right or not The point is what they are saying and why they are saying it Quote Link to comment Share on other sites More sharing options...
Jister1 Posted September 23, 2009 Share Posted September 23, 2009 The point is not whether they will be right or notThe point is what they are saying and why they are saying it So you believe them then? Xmas it is then. Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted September 23, 2009 Share Posted September 23, 2009 I won't.I will be filling my boots! Because I was one of Thatchers children - ordinary working class people who under a generation of Conservative rule, got a job, bought a home, paid off the mortgage, saved up a big nest egg then gave up work. What have ordinary working class people been able to achieve under a generation of Nu Labour rule? As someone else here keep saying WAKE UP! I'm alright, Jack. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 I'm alright, Jack. Snap! Quote Link to comment Share on other sites More sharing options...
Guest absolutezero Posted September 23, 2009 Share Posted September 23, 2009 Well Yes.Interest rates can only go one way from here. And what if they become negative? There are two ways.... Quote Link to comment Share on other sites More sharing options...
babesagainstmachines Posted September 23, 2009 Share Posted September 23, 2009 Snap! I couldn't find the irony icon. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 So you believe them then? Xmas it is then. I very rarely believe anything anyone in authority tells me. The point is not whether they are right, but what they are trying to achieve by making this prediction and what if any insight it gives into what they are REALLY thinking. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 I couldn't find the irony icon. There's an irony icon? I learn something new every day. Unfortunately I also forget two old things. Quote Link to comment Share on other sites More sharing options...
Turnbull2000 Posted September 23, 2009 Share Posted September 23, 2009 Only 2%? Not that long this forum considered 4% obscenely low, and that rates would soon rise to a more 'normal' 6% or so. Some perspective please. Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted September 23, 2009 Share Posted September 23, 2009 I won't.I will be filling my boots! Because I was one of Thatchers children - ordinary working class people who under a generation of Conservative rule, got a job, bought a home, paid off the mortgage, saved up a big nest egg then gave up work. What have ordinary working class people been able to achieve under a generation of Nu Labour rule? The reason you were able to do all that was that you asset stripped the country and left it with massive debt you low-life. Multi-trillion pound liabilities, all the countries assets sold off and the money used for tax cut. "Oh look at me I worked really hard and now I'm all right jack" No, you didn't work hard, you asset stripped a country and saddled the next generation with debts that will mean a lifeltime of poverty. And now you sit here and crow about how clever you are. You're a parasite dude, just admit it. "There is another organism on this planet that follows the same pattern. A parasite. the baby boomers are a parasite, a leach of this planet, you are a plague, and we are the cure." Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 Only 2%? Not that long this forum considered 4% obscenely low, and that rates would soon rise to a more 'normal' 6% or so. Some perspective please. You can now get over 5% in the Yorkshire BS for a five year fix. Base rates ceased to be relevant when the BOE decided that they were in the politics game. IMHO. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 The reason you were able to do all that was that you asset stripped the country and left it with massive debt you low-life.Multi-trillion pound liabilities, all the countries assets sold off and the money used for tax cut. "Oh look at me I worked really hard and now I'm all right jack" No, you didn't work hard, you asset stripped a country and saddled the next generation with debts that will mean a lifeltime of poverty. And now you sit here and crow about how clever you are. You're a parasite dude, just admit it. "There is another organism on this planet that follows the same pattern. A parasite. the baby boomers are a parasite, a leach of this planet, you are a plague, and we are the cure." No, I was a working class person smart enough to vote Conservative and like millions of others who did the same thing I reaped the rewards. The current generation now have the same opportunity that we had in 1979, vote Conservative, take the pain, work hard, then reap the rewards. The trouble is that everyone now wants something for nothing and apart from in Socialist fantasy World's that just isn't how it works. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted September 23, 2009 Share Posted September 23, 2009 You can now get over 5% in the Yorkshire BS for a five year fix.Base rates ceased to be relevant when the BOE decided that they were in the politics game. IMHO. CRETIN ALERT. IGNORE Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 CRETIN ALERT. IGNORE OK - IF THAT'S WHAT YOU WANT I'LL IGNORE YOU. Quote Link to comment Share on other sites More sharing options...
Dopamine Posted September 23, 2009 Share Posted September 23, 2009 The current generation now have the same opportunity that we had in 1979, vote Conservative, take the pain, work hard, then reap the rewards. Tell that to all the ex-miners who sweated their lives away before being royally 5hat upon by the tories. They took the pain and reaped f uck all. The tories benefited a very small proportion of the working class - the rest they shafted. Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted September 23, 2009 Share Posted September 23, 2009 OK - IF THAT'S WHAT YOU WANT I'LL IGNORE YOU. Please do. Maybe someone else can explain to this genital why a five year investment has little relevance to the future base rate. I'm not sure why he is using it as an example. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 Tell that to all the ex-miners who sweated their lives away before being royally 5hat upon by the tories. They took the pain and reaped f uck all.The tories benefited a very small proportion of the working class - the rest they shafted. The miners were used as Socialist cannon fodder by Arthur Scargill who tried to use them to overthrow a democratically elected Government. It was the Unions who brought down Labour, which is why when they got back in power they left all Mrs Thatchers 'anti-union' employment legislation in place. I was born in an industrial northern town and people may have thought things were bad under the Conservatives but in the last 10 years despite always having a Labour MP the town has died. Most places in the North West of England look like we have just had 10 years of recession not 10 years of 'boom'. God knows what Labour heartlands will look like in another 10 years. Yes working class people have done really, really well under Nu Labour. - IF YOU SAY SO. Quote Link to comment Share on other sites More sharing options...
FortuneFTB Posted September 23, 2009 Share Posted September 23, 2009 All this historical average stuff is rubbish, when was the last time the base rate was over 6% ? Quote Link to comment Share on other sites More sharing options...
FortuneFTB Posted September 23, 2009 Share Posted September 23, 2009 The last time the base rate was above 6% was in 1998 it seems, I've looked back and reckon that over the last decade taking a fix would have cost you money Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 Please do. Maybe someone else can explain to this genital why a five year investment has little relevance to the future base rate. I'm not sure why he is using it as an example. Is this you ignoring me then? If you were currently selling socks at £1 a pair and I offered to buy all the socks you could make for the next five years for £2 a pair that would tend to suggest that I expected the price of socks to be more than £2 a pair in the next 5 years would it not? Or are you saying that savings rates are not linked to borrowing rates? As far as I am aware Building Societies pay people interest to deposit money with them, they then lend this money to other people to buy houses. If they charge borrowers less interest than savers they lose money. Quote Link to comment Share on other sites More sharing options...
Game_Over Posted September 23, 2009 Share Posted September 23, 2009 The last time the base rate was above 6% was in 1998 it seems, I've looked back and reckon that over the last decade taking a fix would have cost you money So where can I get a mortgage at BOE base rate then? Quote Link to comment Share on other sites More sharing options...
Joey Buttafueco Jr Posted September 23, 2009 Share Posted September 23, 2009 Is this you ignoring me then?If you were currently selling socks at £1 a pair and I offered to buy all the socks you could make for the next five years for £2 a pair that would tend to suggest that I expected the price of socks to be more than £2 a pair in the next 5 years would it not? Or are you saying that savings rates are not linked to borrowing rates? As far as I am aware Building Societies pay people interest to deposit money with them, they then lend this money to other people to buy houses. If they charge borrowers less interest than savers they lose money. Five year savings: You are tying your savings up for five years. You are exposed to the credit risk of the building society and expect to be compensated accordingly. This is irrelevant to the future of base rates. Quote Link to comment Share on other sites More sharing options...
51%deposit Posted September 23, 2009 Share Posted September 23, 2009 The miners were used as Socialist cannon fodder by Arthur Scargill who tried to use them to overthrow a democratically elected Government.It was the Unions who brought down Labour, which is why when they got back in power they left all Mrs Thatchers 'anti-union' employment legislation in place. I was born in an industrial northern town and people may have thought things were bad under the Conservatives but in the last 10 years despite always having a Labour MP the town has died. Most places in the North West of England look like we have just had 10 years of recession not 10 years of 'boom'. God knows what Labour heartlands will look like in another 10 years. Yes working class people have done really, really well under Nu Labour. - IF YOU SAY SO. whilst i live in the South, i totally agree with the sentiment here. I have experienced nothing of the supposed 10 years of boom, nothing in the dot comm bubble, nothing at all ever, and if thats the good years, roll on the bad years. I think i was the only young man in the country with an interest in computers that never had a computer job, i didnt even know there was a dot com bubble until after it had burst. The only thing i have seen in the last 20 years is a boom in death camps. packing jobs in warehouses and call centre work. All employment devised to emasculinate, passify and leave you with no skills other than those required to serve a tyranical overlord and corporate boss. Working for the Man Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.