Woot Posted April 5, 2007 Share Posted April 5, 2007 Excellent news.No one really wants a house price crash do they? Not really. It's all very well pontificating on a website for a bit of harmless fun. But it's not serious is it? I suspect that some of the priced out generation may beg to differ... TD Quote Link to comment Share on other sites More sharing options...
cells Posted April 5, 2007 Share Posted April 5, 2007 Why should the BoE rate matter anyhow? The banks price loans in line with their perception of risk. If they perceive a high risk of default and house price falls they will demand a higher rate from the borrower. you must be wrong! or a bank manager would just lend himself a £billion at 0% interest, or the government would get a couple £trillion at 0.000000000001% interest. Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted April 5, 2007 Share Posted April 5, 2007 It started to fall fairly quickly at 12 down to 1.967 when I sold a few dollars but now back up to 1.973 Like I said, this is not a linear relationship. The £ is I think being largely driven by speculation and in no small part the debt bubble itself sucking in more and more funds into housing related assets either directly or indirectly. A strong " and rampant HPI seem to go hand in hand. Either that or the market is getting convinced the longer the BOE hold off the higher rates are going to have to go. At the moment the high £ itself is masking a growing potenital for imported inflation, when it unwinds the numbers will be horrific (well the relaity will even if the numbers don't tally). Quote Link to comment Share on other sites More sharing options...
CrashHorizon Posted April 5, 2007 Share Posted April 5, 2007 It's high time this madness came to an end.. Have just sent an angry email to the Bank of England! Suggest we all do the same?? enquiries@bankofengland.co.uk Lets do something and not just sit on our ars*s. Revolution is in the air!!! Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted April 5, 2007 Share Posted April 5, 2007 CrashHorizon You'll get revolution of a sort - the reply will be full of spin about no more boom and bust. Quote Link to comment Share on other sites More sharing options...
cells Posted April 5, 2007 Share Posted April 5, 2007 It's high time this madness came to an end..Have just sent an angry email to the Bank of England! Suggest we all do the same?? enquiries@bankofengland.co.uk Lets do something and not just sit on our ars*s. Revolution is in the air!!! sent why is the BOE sitting on their hands with inflation so high even the corrupt government figures show you are at lest 40% over the target of 2% spam them Quote Link to comment Share on other sites More sharing options...
JustYield Posted April 5, 2007 Share Posted April 5, 2007 I really don't think it's an appropriate time to knock one out! Turning Japanese Title of 1980 hit record by The Vapors, with a rhythm said to be suitable for masturbation. Title is a reference to the contorted face typical of a guy about to blow his load after a good tommy. The lyrics apparently tell the story of a guy in jail *****ing over a picture of his girl. HPI is on the vinegars...and I'm not talking the Nigella-style Balsamic here. Exhaustion climax anyone? Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted April 5, 2007 Share Posted April 5, 2007 you must be wrong! or a bank manager would just lend himself a £billion at 0% interest, or the government would get a couple £trillion at 0.000000000001% interest. Great post, but it lacks the essential ingredients of logic and coherence. Quote Link to comment Share on other sites More sharing options...
Charlie Don't Surf Posted April 5, 2007 Share Posted April 5, 2007 Spineless scum! Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted April 5, 2007 Share Posted April 5, 2007 Spineless scum! Talking to me? Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted April 5, 2007 Share Posted April 5, 2007 I really don't think it's an appropriate time to knock one out! Don't think I didn't see what you did there. Quote Link to comment Share on other sites More sharing options...
Ignorant Steve Posted April 5, 2007 Share Posted April 5, 2007 I'd prefer a recession now, rather than a depression in a few years time Wouldn't you truly prefer periods of low growth (1 - 2%) followed by periods of higher growth (3 - 4%)? Do you want to be unemployed or is that fate reserved for somebody else? Quote Link to comment Share on other sites More sharing options...
skhudy Posted April 5, 2007 Share Posted April 5, 2007 sentwhy is the BOE sitting on their hands with inflation so high even the corrupt government figures show you are at lest 40% over the target of 2% spam them Don't worry, the corrupt figures are coming down to hover just above 2% later this year Lucky they didn't go to war with Iran, oil prices would have gone up and the changes they make in the CPI basket would have been obvious to all Quote Link to comment Share on other sites More sharing options...
Smell the Fear Posted April 5, 2007 Share Posted April 5, 2007 Wouldn't you truly prefer periods of low growth (1 - 2%) followed by periods of higher growth (3 - 4%)?Do you want to be unemployed or is that fate reserved for somebody else? In a recession what are the chances of losing your job? Probably only about 1/10 Most of us would be happy to take that risk. Some sectors are more vulnerable than others (and I suspect you are in one of the more vulnerable, old bean!). Quote Link to comment Share on other sites More sharing options...
Ignorant Steve Posted April 5, 2007 Share Posted April 5, 2007 Us buggers who were not born at the right time could do with it. Maybe but if it wasn't housing it would be something else. Bet you're glad you weren't 20 years old in 1914 or 1939. Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted April 5, 2007 Share Posted April 5, 2007 F*ck :angry: I think I'll say it to myself a few times as well. Typing it doesn't have the same effect somehow Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted April 5, 2007 Share Posted April 5, 2007 Do you want to be unemployed or is that fate reserved for somebody else? Frankly, when you're running in order to stand still and yet your take home pay is still not enough to put a secure* roof over your head, I should imagine that there are quite a few posters on here that would welcome the time off! *Renting is still cheaper than buying, but invariably AST's do not offer the security that owning your own home does. Quote Link to comment Share on other sites More sharing options...
Realistbear Posted April 5, 2007 Share Posted April 5, 2007 No real effect on sterling which will remain the currency of choice as long as HPI holds. GBPUSD=X 1 5 Apr 1.9689 The currency traders will dump sterling the moment some negative growth figures crop up. 2nd Q 2007. Quote Link to comment Share on other sites More sharing options...
Ipodjunky Posted April 5, 2007 Share Posted April 5, 2007 (edited) Maybe but if it wasn't housing it would be something else. Bet you're glad you weren't 20 years old in 1914 or 1939. You bet ya. As for something else unlikely as this one is cutting into every aspect of peoples lives and society. Maybe free Ipods for all? Edited April 5, 2007 by Ipodjunky Quote Link to comment Share on other sites More sharing options...
Flat Bear Posted April 5, 2007 Share Posted April 5, 2007 I am slighty suprised at the decision Quote Link to comment Share on other sites More sharing options...
Willy Weasel Posted April 5, 2007 Share Posted April 5, 2007 Frankly, when you're running in order to stand still and yet your take home pay is still not enough to put a secure* roof over your head, I should imagine that there are quite a few posters on here that would welcome the time off! *Renting is still cheaper than buying, but invariably AST's do not offer the security that owning your own home does. That depends on whether you can afford the mortgage repayments Quote Link to comment Share on other sites More sharing options...
OzzMosiz Posted April 5, 2007 Author Share Posted April 5, 2007 I am slighty suprised at the decision I've posted my thoughts!! http://www.overinflated.com Quote Link to comment Share on other sites More sharing options...
Levy process Posted April 5, 2007 Share Posted April 5, 2007 Guess they could be looking at a .5% rise in May unless the inflation figures have been nobbled again... You know in your heart that ain't gonna happen. Quote Link to comment Share on other sites More sharing options...
Guest Bart of Darkness Posted April 5, 2007 Share Posted April 5, 2007 Great post, but it lacks the essential ingredients of logic and coherence. That's our cells for you. Quote Link to comment Share on other sites More sharing options...
bomberbrown Posted April 5, 2007 Share Posted April 5, 2007 That depends on whether you can afford the mortgage repayments I don't follow you Tuffers? Quote Link to comment Share on other sites More sharing options...
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