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juvenal

When Interest Rates Rise Itv 7.30 Tonight

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Heads up. ITV 7.30 tonight

'devastating impact....increased mortgage payments...etc'

Radio Times

Repeated 3am tomorrow morning.

Edited by juvenal

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So far they're looking at how it will affect borrowers, savers and businesses who have overdrafts.

So what about the cost of living? Elephant. Room.

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What a quaint idea, that interest rates might rise in the future.

Even if the BoE were to raise rates, you can be pretty sure that the govt will bail out any borrowers that get into trouble.

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Would people really struggle if interest rates went up a few percent? Surely most had mortgages pre crash and paid much higher interest back then.

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Another clue that interest rates won't be rising then!

In other news, I've witnessed a black swan event today. My sister texted me asking how to buy shares... :rolleyes:

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Would people really struggle if interest rates went up a few percent? Surely most had mortgages pre crash and paid much higher interest back then.

Yup. It's coz their real wages were cut and Osborne's austeriteh.......

Interest rates are a side issue.

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Would people really struggle if interest rates went up a few percent? Surely most had mortgages pre crash and paid much higher interest back then.

I agree.....sure there may be some that would have to change their spending habits, nothing bad in that, forced to do things a bit differently..... 1% or2% increases shouldn't make huge swathes of the population starve or anything like that.....life init,all part of lifes ups and downs.

Edited by winkie

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I agree.....sure there may be some that would have to change their spending habits, nothing bad in that, forced to do things a bit differently..... 1% or2% increases shouldn't make huge swathes of the population starve or anything like that.....life init,all part of lifes ups and downs.

The bankers will profit less....that is all.

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Another clue that interest rates won't be rising then!

In other news, I've witnessed a black swan event today. My sister texted me asking how to buy shares... :rolleyes:

The shoe-shine girl...

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Even if the BoE were to raise rates, you can be pretty sure that the govt will bail out any borrowers that get into trouble.

Indeed. Not directly though of course.. They'll dream up another "mis-selling scheme" and get the banks to underwrite any losses.

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I liked the teacher bloke standing there in his 45 quid Gant polo shirt saying they've cut everything to the bone and wouldn't manage if rates went up.

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The One Show did a piece on housing and building on some green land in Constable territory. Councils needing to do five year plans and planning to favour developers should they appeal. Of course, the argument to build was made about supply. Fair enough. Lack of supply the reason for the sky high prices pricing the chiiiiilllldren out.

A of propaganda, complete failure to recognise or acknowledge that high prices are mainly due to mental bank lending. Nothing about interest rates being extraordinarily low nor the various props put in place by immoral politicians to keep those prices high.

Little doubt IMHO that if hundreds of thousands of houses were build they would not be at lower prices or any properly working, free-market market rate.

Croneyism in action as far as the policy is concerned. We may need more houses, but we need lower prices more!.

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I liked the teacher bloke standing there in his 45 quid Gant polo shirt saying they've cut everything to the bone and wouldn't manage if rates went up.

The ponzi economy of the noughties in a nutshell

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Yup. It's coz their real wages were cut and Osborne's austeriteh.......

Interest rates are a side issue.

Exactly, there's no wiggle room left for a lot of people. The cost of living has them on the edge already.

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I will believe the Bank of England is going to raise rates when I see it.

The base rate has very little to do with mortgage rates anyway.

If people aren't planning ahead then yes they are going to get a rude awakening. They may get a rude awakening when they try to remortgage and the new affordability rules mean the can't.

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Would people really struggle if interest rates went up a few percent? Surely most had mortgages pre crash and paid much higher interest back then.

so you do it really sneakily at 0.25% per quarter until they come off of the fix rate!!..3 years later it's time for debtors prison!

mua..ah.ha.ha.ha.ha :D:D:D:D

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Another clue that interest rates won't be rising then!

In other news, I've witnessed a black swan event today. My sister texted me asking how to buy shares... :rolleyes:

Yep, the media has been pushing the sheeple pretty hard into shares over the last month. It must be a top with the investors wanting to escape.

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Quite. Savers rates still falling ....

Mainly in the UK and 'safer' parts of the EU & US.

http://europe.deposits.org/

Search :

Ukrsotsbank 6 Month Term Deposit Ukraine 6,665* 6 month UAH 19.50% Sep, 2014 More Info

Prominvestbank 1 Month Deposit Ukraine 6,665* 1 month UAH 19.00% Sep, 2014 More Info

Ukrsotsbank 3 Month Term Deposit Ukraine 6,665* 3 month UAH 19.00% Sep, 2014 More Info

Prominvestbank 1 Year Deposit Ukraine 6,665* 1 year UAH 16.60% Sep, 2014 More Info

Prominvestbank 3 Month Deposit Ukraine 6,665* 3 month UAH 16.10% Sep, 2014 More Info

Prominvestbank 6 Month Deposit Ukraine 6,665* 6 month UAH 16.10% Sep, 2014 More Info

Garanti 1 Year Time Deposit Turkey 13,905 1 year TRY 9.00% Sep, 2014 More Info

Garanti 3 Month Time Deposit Turkey 13,905 3 month TRY 9.00% Sep, 2014 More Info

Garanti 1 Month Time Deposit Turkey 13,905 1 month TRY 8.65% Sep, 2014 More Info

Rosbank 1 Year Fixed Term Deposit Russia 14,913 1 year RUB 8.30% Sep, 2014 More Info

Ukrsotsbank 1 Year USD Term Deposit Ukraine 6,665* 1 year USD 8.25% Sep, 2014 More Info

Ziraat Bankasi 1 Month Time Deposit Turkey 13,905 1 month TRY 8.25% Sep, 2014 More Info

Ziraat Bankasi 3 Month Time Deposit Turkey 13,905 3 month TRY 8.25% Sep, 2014 More Info

Prominvestbank EUR 1 Month Deposit Ukraine 6,665* 1 month EUR 8.00% Sep, 2014 More Info

Ziraat Bankasi 6 Month Time Deposit Turkey 13,905 6 month TRY 8.00% Sep, 2014 More Info

Ziraat Bankasi Time Deposit Turkey 13,905 1 year TRY 8.00% Sep, 2014 More Info

Rosbank 3 Month Fixed Term Deposit Russia 14,913 3 month RUB 7.90% Sep, 2014 More Info

Rosbank 1 Month Fixed Term Deposit Russia 14,913 1 month RUB 7.20% Sep, 2014 More Info

Komercijalna banka 1 Year Fixed Term Savings Deposit Serbia 10,642 1 year RSD 7.00% Sep, 2014 More Info

VTB 1 Year Term Deposit Russia 14,913 1 year RUB 6.75% Sep, 2014 More Info

Sberbank 1 Year Term Deposit Russia 14,913 1 year RUB 6.40% Sep, 2014 More Info

Sberbank 6 Month Term Deposit Russia 14,913 6 month RUB 6.00% Sep, 2014 More Info

Sberbank 3 Month Term Deposit Russia 14,913 3 month RUB 5.50% Sep, 2014 More Info

HSBC Turkey 1 Year Time Deposit Turkey 13,905 1 year TRY 5.50% Sep, 2014 More Info

Sberbank 1 Month Term Deposit Russia 14,913 1 month RUB 5.00% Sep, 2014 More Info

National Irish Bank Fixed Term Deposit Ireland 38,685 EUR 2.75% Sep, 2014 More Info

SpareBank 1 SR Bank 1 Year Fixed Deposit Norway 53,471 1 year NOK 2.65% Sep, 2014 More Info

Erste Bank Hungary 1 Year Term Deposit Hungary 19,591 1 year HUF 2.54% Sep, 2014 More Info

Unicredit Bulbank 1 Year Time Deposit Bulgaria 13,789 1 year BGN 2.50% Sep, 2014 More Info

Bank BPH Term Deposit Poland 18,837* 1 year PLN 2.20% Sep, 2014 More Info

ZABA 1 Year Term Deposit Croatia 17,810 1 year EUR 2.20% Sep, 2014 More Info

Piraeus Bank 1 Year Time Deposit Greece 29,663 1 year EUR 2.10% Sep, 2014 More Info

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ASB 1 Year Term Deposit new zealand 26,670 1 year NZD 4.50% Sep, 2014 More Info
ANZ 1 Year Term Deposit new zealand 26,670 1 year NZD 4.30% Sep, 2014 More Info
BNZ 1 Year Term Deposit new zealand 26,670 1 year NZD 4.30% Sep, 2014 More Info
Westpac NZ 1 Year Term Deposit new zealand 26,670 1 year NZD 4.30% Sep, 2014 More Info
ASB 6 Month Term Deposit new zealand 26,670 6 month NZD 4.15% Sep, 2014 More Info
ANZ 6 Month Term Deposit new zealand 26,670 6 month NZD 4.10% Sep, 2014 More Info
ANZ 5 Year Term Deposit australia 38,663 5 years AUD 4.10% Sep, 2014 More Info
BNZ 6 Month Term Deposit new zealand 26,670 6 month NZD 4.10% Sep, 2014 More Info
UBank 1 Year Term Deposit australia 38,663 1 year AUD 3.65% Sep, 2014 More Info

Something tells me that interest rates in the UK, EU and US are going throught a low blip and will soon return to match that of other countries.

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And for those property bulls harping on about chinamen sticking their life savigns into London property for a 3% yield, why would you when you can get more in a New Zealand / Australlian bank account without the fees, costs and maintance?

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And for those property bulls harping on about chinamen sticking their life savigns into London property for a 3% yield, why would you when you can get more in a New Zealand / Australlian bank account without the fees, costs and maintance?

Because you'd need an antipodean residential address to open such an account in the first place.

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And for those property bulls harping on about chinamen sticking their life savigns into London property for a 3% yield, why would you when you can get more in a New Zealand / Australlian bank account without the fees, costs and maintance?

+1

These are the stories for gulible public: endless "cash rich foreign investors", "cash rich pensioners", "cash rich savvy investors",... who buy UK property in a never ending frenzy without ever asking for the price reduction. According to the media,they just buy and buy ( and even outbid each other) just to get their hands on a shoebox in dilapidated state in dangerous and rundown area.

Of course, these cash rich ( between 5% and 100% "cash rich"?) "investors" even buy that 1bed flat with 1 year lease for more than half mil.£ as reported today.

Something does not add up considering the above especially also considering that FLS funds should be much more than officially reported in order to DOUBLE the London property prices in less than 2 years.

Wait, I remember that all London properties were "valued" at least a couple of £trillion 2 years ago, hence could it be that now FOUR £trillion chases that London property?

Also,it is mainly the banks and other VI's manipulating the market by purchasing their own stock (with the money they create on their computer) through their proxies who buy in bulk.

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