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Bbc Fivelive Having Phone In On Mortgage Interest Rates And New Rules From 9Am

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Can you afford your mortgage if IRs go up is the gist of the discussion. Inviting people to phone in now - 0500909693.

Welcome to the Fear phase (for what must be the umpteenth time)

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Was that a HPCer just phoning in? Liar Loans was mentioned as was a ponzi scheme.

Eric?

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There are a lot of people who read this website, they pick up things and then they get re-blogged etc. That's why you often see newspaper articles on similar to posts here a day or two later mega bubble/super bubble etc.

HPC is quite an influential site - perhaps than most here realize.

That's why so many people hate the posters here (MSM poster from yesterday, Sibly etc.), that and they are not intelligent enough or don't want to understand the basics of the financial system.

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There are a lot of people who read this website, they pick up things and then they get re-blogged etc. That's why you often see newspaper articles on similar to posts here a day or two later mega bubble/super bubble etc.

HPC is quite an influential site - perhaps than most here realize.

That's why so many people hate the posters here (MSM poster from yesterday, Sibly etc.), that and they are not intelligent enough or don't want to understand the basics of the financial system.

Well, sounds like we just went main stream.

Can someone please get the "London Mega Bubble Mania" phrase out there...I want some commission :lol:

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The more difficult question being ignored is can the govt afford for interest rates to raise? If we are already spending around £50bn on interest payments just WTF is going to happen if they hit the heady heights of 3%!!!

If we can create fear in the people we can have low rates forever, benefits big business and govt. Once that advantage is lost then rates will increase.

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The more difficult question being ignored is can the govt afford for interest rates to raise? If we are already spending around £50bn on interest payments just WTF is going to happen if they hit the heady heights of 3%!!!

If we can create fear in the people we can have low rates forever, benefits big business and govt. Once that advantage is lost then rates will increase.

I just read on wikipedia, the debt interest costs each tax payer 2K in tax. So 2K in the money forcefully take from you is given to the bankers.

Nice scam if you can set up up.

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The more difficult question being ignored is can the govt afford for interest rates to raise? If we are already spending around £50bn on interest payments just WTF is going to happen if they hit the heady heights of 3%!!!

If we can create fear in the people we can have low rates forever, benefits big business and govt. Once that advantage is lost then rates will increase.

The government needs low interest rates for a long time, so do all the big business that fund the governments if various colours. Rates will only go up if the USA hikes first.

Admission of permanent low rates would get everyone asking uncomfortable questions, like who is exactly benefiting from them? It also acknowledges that this crisis is not over, so pretending rates will return to "normal" just conveniently covers these bases. Just like BOE and the treasury saying its the other organs job to regulate houseprices, whilst doing nothing.

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The government needs low interest rates for a long time, so do all the big business that fund the governments if various colours. Rates will only go up if the USA hikes first.

Admission of permanent low rates would get everyone asking uncomfortable questions, like who is exactly benefiting from them? It also acknowledges that this crisis is not over, so pretending rates will return to "normal" just conveniently covers these bases. Just like BOE and the treasury saying its the other organs job to regulate houseprices, whilst doing nothing.

+1

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The government needs low interest rates for a long time, so do all the big business that fund the governments if various colours. Rates will only go up if the USA hikes first.

Admission of permanent low rates would get everyone asking uncomfortable questions, like who is exactly benefiting from them? It also acknowledges that this crisis is not over, so pretending rates will return to "normal" just conveniently covers these bases. Just like BOE and the treasury saying its the other organs job to regulate houseprices, whilst doing nothing.

government bonds are issued and done and dusted.

interest rates only affect new issues.

having a balanced budget would remove the problem.

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I just read on wikipedia, the debt interest costs each tax payer 2K in tax. So 2K in the money forcefully take from you is given to the bankers.

Nice scam if you can set up up.

who else is paying for the Government pension liabilities?...low rates means more subsidy.

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There are a lot of people who read this website, they pick up things and then they get re-blogged etc. That's why you often see newspaper articles on similar to posts here a day or two later mega bubble/super bubble etc.

HPC is quite an influential site - perhaps than most here realize.

That's why so many people hate the posters here (MSM poster from yesterday, Sibly etc.), that and they are not intelligent enough or don't want to understand the basics of the financial system.

It does seem that this country is finally getting round to the discussion about the price of property that it should have had ten years ago.

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Seemed to be lots of worried callers - that woman at the end referred to some website where there are "hundreds" of people in a similar position?

www.moneyspankingexpert.com

If it doersn't exist it should....and redirect you to one of the countries house selling portals. :lol:

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There are a lot of people who read this website, they pick up things and then they get re-blogged etc. That's why you often see newspaper articles on similar to posts here a day or two later mega bubble/super bubble etc.

HPC is quite an influential site - perhaps than most here realize.

That's why so many people hate the posters here (MSM poster from yesterday, Sibly etc.), that and they are not intelligent enough or don't want to understand the basics of the financial system.

Yes, I agree with that - and what you said about Sibley in particular.

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I just read on wikipedia, the debt interest costs each tax payer 2K in tax. So 2K in the money forcefully take from you is given to the bankers.

Nice scam if you can set up up.

Isn't most government debt owned by uk pension and insurance funds? Banks quite small holders of it. So the interest is taken from us and then given back to us.

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Yes, I agree with that - and what you said about Sibley in particular.

Blimey....if any one is reading this, I didn't mean it, honest !!!

Don't listen to me, my true opinion is house prices only ever go up, banker debt is good, buy before you miss out, you can't loose on property, it's different this time for sure, those 150K a year profit on flats in London are sustainable. Than banks and government have your interests at heart... go on....Fill your boots.

Actually, when you put it that way....i think we could be right after all. :rolleyes:

Edited by TheCountOfNowhere

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Isn't most government debt owned by uk pension and insurance funds? Banks quite small holders of it. So the interest is taken from us and then given back to us.

Where do I collect my rebate from ?

Edited by TheCountOfNowhere

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Was that a HPCer just phoning in? Liar Loans was mentioned as was a ponzi scheme.

<blush>

Hope it sounded OK!

Edited by dryrot

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The government needs low interest rates for a long time, so do all the big business that fund the governments if various colours. Rates will only go up if the USA hikes first.

And heres something that could be a trigger for that - the costs of Obamacare due to kick in at the end of 2014

Now, Mr. Cain says he's worried that his company's health-care costs may become unmanageable. He's currently covering roughly 35% of his staff, which he says puts his total 2014 health-care expenses at about $290,000. He adds that many of the stores' workers are already covered under a spouse's plan. Indeed, Mr. Cain himself is covered by a state health plan through his wife, a retired schoolteacher, that he says he tapped a decade ago for surgery on a shoulder ailment brought on by years of unloading trucks. The others have chosen not to pay for coverage, "because they can't afford it," he says.

Some may change their minds by August, when Mr. Cain plans to open up the plans to all workers, including part-timers. But if the number of enrollees in his health plans increases to 70% of his workforce, Mr. Cain estimates his costs could swell to more than $500,000. That might force him to raise prices

http://online.wsj.com/news/articles/SB10001424052702304049904579517941827283028?mod=WSJ_article_EditorsPicks

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