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AteMoose

Solution

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I think i have stumbled on a solution, which doesnt the BOE constantly lower Intrest rates, and continue to lower them past 0 to negative IRs? This means houseprices can go up for ever, and when you get a loan the bank pays you money :)

What do ya think?

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I think i have stumbled on a solution, which doesnt the BOE constantly lower Intrest rates, and continue to lower them past 0 to negative IRs? This means houseprices can go up for ever, and when you get a loan the bank pays you money :)

What do ya think?

Something like that happened to someone I know of. He overpaid his Credit card bill and he was credited interest for overpayment. Then he was warned not to overpay. This was sometime ago and was in Canada.

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Something like that happened to someone I know of. He overpaid his Credit card bill and he was credited interest for overpayment. Then he was warned not to overpay. This was sometime ago and was in Canada.

Isn't there a credit card in the UK which encourages people to overpay and pays a reasonable interest rate on the overpayment? I think I remember seeing advertisements for it.

Billy Shears

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Guest prudence

I think i have stumbled on a solution, which doesnt the BOE constantly lower Intrest rates, and continue to lower them past 0 to negative IRs? This means houseprices can go up for ever, and when you get a loan the bank pays you money :)

What do ya think?

Japan had negative IRs and house prices fell. It's called deflation..............

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Isn't there a credit card in the UK which encourages people to overpay and pays a reasonable interest rate on the overpayment? I think I remember seeing advertisements for it.

Billy Shears

The Egg Money card pays something like 4% interest if you're in credit.

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I think i have stumbled on a solution, which doesnt the BOE constantly lower Intrest rates, and continue to lower them past 0 to negative IRs? This means houseprices can go up for ever, and when you get a loan the bank pays you money :)

What do ya think?

Yes, it's called DEFLATION. It is the only thing in the way of an economy growing forever :P Once we can irradicate it .... :lol:

The only long term solution is sustainable growth, where prices grow with productivity and as value is added through, e.g., technological advances.

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The only long term solution is sustainable growth, where prices grow with productivity and as value is added through, e.g., technological advances.

The only way truly sustainable grown can be achieved is if incomes grow at the same rate as the cost of living.

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The Egg Money card pays something like 4% interest if you're in credit.

Yes and Egg has only a D+ rating for Financial Strength from Moody's. No wonder they're keen to keep hold of your money!

(D+ means "modest financial strength" and factors such "a weak business franchise; financial fundamentals that are deficient in one or more respects; or an unpredictable and unstable operating environment.")

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  • 338 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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