thecrashingisles Posted July 20, 2011 Share Posted July 20, 2011 http://www.politicshome.com/uk/article/32442/daily_express_thursday_21st_july_2011.html Let's hope their joy is curtailed by a 'premature' correction. Quote Link to comment Share on other sites More sharing options...
DebtFree2011 Posted July 20, 2011 Share Posted July 20, 2011 "Joy"?! Tell that to my indebted work colleagues. Some of them need TWO jobs just to stay afloat (not me). Can somebody please investigate Richard Desmond's property interests? Quote Link to comment Share on other sites More sharing options...
geezer466 Posted July 20, 2011 Share Posted July 20, 2011 "Joy"?! Tell that to my indebted work colleagues. Some of them need TWO jobs just to stay afloat (not me). Can somebody please investigate Richard Desmond's property interests? You need to bottle this and prescribe it to the UK as a whole..... Priceless....... A lot of work went into collating all this bullshite.... Quote Link to comment Share on other sites More sharing options...
DebtFree2011 Posted July 20, 2011 Share Posted July 20, 2011 You need to bottle this and prescribe it to the UK as a whole..... Priceless....... A lot of work went into collating all this bullshite.... Thanks I'm going to start a campaign using an updated version Quote Link to comment Share on other sites More sharing options...
'Bart' Posted July 20, 2011 Share Posted July 20, 2011 Can somebody please investigate Richard Desmond's property interests? A £500 million portfolio, as revealed in this post by Juvenal (link). Quote Link to comment Share on other sites More sharing options...
RufflesTheGuineaPig Posted July 21, 2011 Share Posted July 21, 2011 A £500 million portfolio, as revealed in this post by Juvenal (link). I think this sums it up. Quote Link to comment Share on other sites More sharing options...
Ash4781 Posted July 21, 2011 Share Posted July 21, 2011 Joy at Jennifer Aniston. THere's no need to buy a newspaper for 'expert' financial advice if rates are to stay low. Saving rates tables, and advice? On the other hand if the economy is that weak newspaper expenditure will be at the top of the list of cuts! Quote Link to comment Share on other sites More sharing options...
ingermany Posted July 21, 2011 Share Posted July 21, 2011 The worrying thing is that Mervyn King and Richard Desmond are following exactly the same script. Quote Link to comment Share on other sites More sharing options...
Badger Posted July 21, 2011 Share Posted July 21, 2011 In other news http://www.dailymail.co.uk/news/article-2016775/European-debt-crisis-Nicolas-Sarkozy-jets-Berlin-talks-Angela-Merkel.html Quote Link to comment Share on other sites More sharing options...
Milton Posted July 21, 2011 Share Posted July 21, 2011 (edited) Express: Bunch of F"ng scumbags. Edited July 21, 2011 by Milton Quote Link to comment Share on other sites More sharing options...
rantnrave Posted July 21, 2011 Share Posted July 21, 2011 Thanks I'm going to start a campaign using an updated version Yes, thanks indeed for this. It needs to be circulated far and wide. There was an opportune moment over on the EAToday site and I've just posted the link. The Express comments section is rarely moderated. Any one care to post it there with a link to this site (Sibley, since you're probably reading this, would you oblige?) Quote Link to comment Share on other sites More sharing options...
nohpc Posted July 21, 2011 Share Posted July 21, 2011 http://www.politicshome.com/uk/article/32442/daily_express_thursday_21st_july_2011.html Let's hope their joy is curtailed by a 'premature' correction. As an avid saver and tracker mortgage holder it certainly is joyful! Quote Link to comment Share on other sites More sharing options...
moonriver Posted July 21, 2011 Share Posted July 21, 2011 Heard them mention this story on Talk Sport this morning. Between them, the presenters' conversation went along these lines.... "Good news especially for mortgage holders, because you are laughing all the way to the bank " "so hopefully this means house prices will go up again?", said one of the other presenters. Then they all agreed the trouble was banks were not lending enough, and they all agreed that banks needed to lend more. I despair, they all sounded so desperate for house prices to go up. Quote Link to comment Share on other sites More sharing options...
NEO72 Posted July 21, 2011 Share Posted July 21, 2011 Lets see how long their 'joy' lasts when they start to realise that their pay is running out earlier and earlier every month.. And as per the law of unintended consequences, don't headlines like this take the pressure of buyers to 'jump in whilst rates are low'? Upshot - more motivated sellers and less motivated buyers. Thanks Mr Desmond Quote Link to comment Share on other sites More sharing options...
thecrashingisles Posted July 21, 2011 Author Share Posted July 21, 2011 "Good news especially for mortgage holders, because you are laughing all the way to the bank " "so hopefully this means house prices will go up again?", said one of the other presenters. Then they all agreed the trouble was banks were not lending enough, and they all agreed that banks needed to lend more. I despair, they all sounded so desperate for house prices to go up. And they say religion is dead! Quote Link to comment Share on other sites More sharing options...
goldbug9999 Posted July 21, 2011 Share Posted July 21, 2011 (edited) http://www.politicshome.com/uk/article/32442/daily_express_thursday_21st_july_2011.html Which I'm sure is pure coincidence with how all low fixed rate deals are currently limited to 3 years ... lets be clear on this, the plan amongst BoE and lenders is to allow the odd imminent rate rise story to circulate despite an obvious intention to keep rates rock bottom for another couple of years in order to scare people onto fixed rate deals so the that lenders can make a little bit more margin. The real indicator of comming rate rises will be when differentials between fixed and variable rates start to increase or fixed rate deals being pulled altogether. Edited July 21, 2011 by goldbug9999 Quote Link to comment Share on other sites More sharing options...
kazap Posted July 21, 2011 Share Posted July 21, 2011 As a mortgage holder I gotta say that the longer rates stay low the better! This cheap money has really helped knocked years of the full term. The longer they stay low the more chance of paying it all off before the rates rise! But appreciate that this isn't so good for those with savings earning tiny interest and suffering from inflation. Love the montage of headlines - astonishing! Quote Link to comment Share on other sites More sharing options...
pathfinder Posted July 21, 2011 Share Posted July 21, 2011 So instead of being able to buy a 4 bed detached for 250k they can have a really expensive 2 bed flat for 250K. Are they too stupid to realise that the only people who benefit from rising prices are multiple property owners (eg landlords) and boomers who are downsizing. Why would any one want to borrow more and more money from the bank and pay massive amounts of interest. Ah but what if I am sitting in my £160k flat 60% paid off, I look to the future do I want to up size, work my ass off for a relatively minuscule increase in living space with no savings? Or do I pay it down to £50k with the interest at £58 (less than having full Sky access) enjoy life for the next 50 years? The problem is upsizing is taking on the same mortgage (£150k) all over again, this is how distorted the so call steps of the ladder have become. There is the problem, to downsize you need someone to upsize. Quote Link to comment Share on other sites More sharing options...
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