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Comments On Interest Rate Rises..

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As predicted, their squealing like piggies.

D'ya know that's exactly the headline that ran through my mind, damn the constraints of not quite biting the hand that feeds...also not sure where google news would have rated it, safer to stick with the boring headline methinks ;)

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Your Move's reaction to the 0.25% rate rise by the BoE:

David Newnes, Managing Director of Your Move Estate Agents said,

"The market over the last six months has been healthy and steady, this week's rate hike is totally unnecessary."

what is he on?

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what is he on?

He knows exactly how precarious the current market is... a change from claims that 'the next rate cut will be down' to an actual increase in rates is going to discourage a lot of potential buyers.

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to any trolls/bulls on here, seeking to pass this rise off as insiginificant - I'd be inclined to believe you if it wasn't for the anguished reaction of many mortgagees that I know - or people trying to sell their house.

The fragility has been suddenly exposed for all to see. No doubt it will be masked again, but the cracks will be showing, and a little wider this time...

one more rise and we're under starters orders...

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ive never seen so many 'professional' people get it so wrong. proving they are takling out of their asses and dont know the first thing about whats really going on with house prices and affordablity. yet they should, being heads of estate agencies. alas they dont.

any MD with a grian of brain would know an end to the madness will eventually attract FTBs back to the market.

might take 10 years, but wtf. they have no commissions at the moment. its dire.

and it wasnt going to get better by fuelling the greed either.

best to cut it down like the social and financial cancer it is.

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Guest Charlie The Tramp

Well as they have finally made the break it makes it easier to implement the next 0.25% hike in November.

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Well I am glad to say I was wrong about the BoE holding rates at 4.5%.

This is very good news indeed for those like me who are hoping for a house price crash on a gargantuan scale. There is of course a double whammy. Kev and sharon have to pay more to service the mortgage on 'Costa del Homa' with mediterranean colours and waterwash designed by Lawrence, while at the same time people moving up the chain suddenly find the cost of upgrading has increased.

Now we should all be realistic in that it's only a quarter point increase. The most telling aspect was highlighted here in the U.S.A. where economists are pointing out the the spike in oil price is in fact a long term trend. That means an additional 400bln USD expense will be passed to consumers further fueling inflation. Pundits are therefore talking of rates rising to 6% before inflation is controlled, and the dollar falling in value to around 1.90 against the pound. The latter spells a boom in exports (which is already evident) and very healthy bottom lines for corporations, combine that with the shift to a low wage labor market and it all looks good for uncle sam. Now for a moment imagine what happening in the UK where exports will decrease, imports will increase and all at the same time as Gordon the 'man with tears for the poor' is ramping salaries and pensions for the public service!!

Beware, Orwell's pigs will start to squeal and the fate of Boxer the horse is already cast. (If Animal Farm is not core curriculum any more then you should take a look at the summary at this URL

http://www.everything2.com/index.pl?node=Animal%20Farm

Better still read the book!

Wake up younger Brits and hope we are not in a path to recession!

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Well I am glad to say I was wrong about the BoE holding rates at 4.5%.

This is very good news indeed for those like me who are hoping for a house price crash on a gargantuan scale. There is of course a double whammy. Kev and sharon have to pay more to service the mortgage on 'Costa del Homa' with mediterranean colours and waterwash designed by Lawrence, while at the same time people moving up the chain suddenly find the cost of upgrading has increased.

Now we should all be realistic in that it's only a quarter point increase. The most telling aspect was highlighted here in the U.S.A. where economists are pointing out the the spike in oil price is in fact a long term trend. That means an additional 400bln USD expense will be passed to consumers further fueling inflation. Pundits are therefore talking of rates rising to 6% before inflation is controlled, and the dollar falling in value to around 1.90 against the pound. The latter spells a boom in exports (which is already evident) and very healthy bottom lines for corporations, combine that with the shift to a low wage labor market and it all looks good for uncle sam. Now for a moment imagine what happening in the UK where exports will decrease, imports will increase and all at the same time as Gordon the 'man with tears for the poor' is ramping salaries and pensions for the public service!!

Beware, Orwell's pigs will start to squeal and the fate of Boxer the horse is already cast. (If Animal Farm is not core curriculum any more then you should take a look at the summary at this URL

http://www.everything2.com/index.pl?node=Animal%20Farm

Better still read the book!

Wake up younger Brits and hope we are not in a path to recession!

In the darkness there is always hope. Unfortunately hope is an intangible emotion recession is a sure fire cyclical trend that will happen.

BTW everyone should read that book.

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Are we not due a little hat eating after this decision?

Photos please.

The comments on the bbc are interesting, there is a lot of panic and fear there.

Will be interesting to read the Suns take on all this.

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Guest Bart of Darkness
"The market over the last six months has been healthy and steady, this week's rate hike is totally unnecessary."

Someone should remind him of the MPC's remit (someone certainly seems to have reminded them of it).

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  • 301 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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