Pub Bigot
10:52 Wed Jun 28
Re: Interest rates look like theyre heading up..
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J.Riddle 7:13 Wed Jun 28
Re: Interest rates look like theyre heading up..
So are we talking depression
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zebthecat
10:19 Wed Jun 28
Re: Interest rates look like theyre heading up..
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At blummin last
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Vexed
10:12 Wed Jun 28
Re: Interest rates look like theyre heading up..
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I wouldn't be seen dead in Kent Johnson, you permaminge.
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Johnson
10:11 Wed Jun 28
Re: Interest rates look like theyre heading up..
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You're a fucking dick, Vexed. Mortgages don't affect statics in Sheppey, you'll be fine.
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my left foot
10:09 Wed Jun 28
Re: Interest rates look like theyre heading up..
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1964 wrote...
Re: Interest rates look like theyre heading up..
Todays mortgage payers are living in very lucky times and if rates go up the whingeing will be rife.
"Rates were 15% for some of the years I paid mine".
My Aunt had a breakdown.
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Vexed
9:50 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Jim Rogers is a fucking dick.
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Mike Oxsaw
9:30 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Have the BBC/Independent found a way to link this back to Brexit yet? They've had fucking long enough.
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Hammer and Pickle
8:41 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Could be a weather ballon to check how peaky sterling reacts...
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Eerie Descent
7:28 Wed Jun 28
Re: Interest rates look like theyre heading up..
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dealcanvey 7:14 Wed Jun 28
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1964
7:20 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Eerie Descent 7:12 Wed Jun 28
"but he probably paid about £4.80 for his gaff."
Yes I was earning tuppence a week ....
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Gavros
7:19 Wed Jun 28
Re: Interest rates look like theyre heading up..
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there's very few times in history when at that point debt wasnt at a record level.
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1964
7:16 Wed Jun 28
Re: Interest rates look like theyre heading up..
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dealcanvey 7:04 Wed Jun 28
No, don't expect we will see rates anywhere near 15%.
But just expect the whingeging and crisis spewed out if they go up just a couple of points. The media will get excited even for a half percent rise.
Mortgage payers have had it rosy for several years.
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dealcanvey
7:14 Wed Jun 28
Re: Interest rates look like theyre heading up..
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My parents bought their house in the 80s
It is now worth ten times more than what they paid for it.
Inflation/wages has not gone up 10 times that amount in the same period.
People then wonder how they could afford 15% interest rates on their mortgage back in the 80s?
Not rocket science.
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J.Riddle
7:13 Wed Jun 28
Re: Interest rates look like theyre heading up..
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This is because loads have gone out and borrowed, loaned on their credit cards,loans. Need to slow borrowing down. History tells us that small increases don't work and end up with larger increases which just pulls the rug from under everyone's feet, collapses the economy like a pack of cards. Higher single figure rates will do a similar job as 15% rates did in the 90s as many are much more indebted. Even Jim Rogers say's we are going to catch a cold.
Jim Rogers believes the "worst [financial] crash in our lifetime" will happen this year or next, pointing to rising debt levels in the US and China. everyone should be "very worried" as the debt problem in 2008 was "nothing" compared to the current global economic backdrop.
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Eerie Descent
7:12 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Trev, I get the feeling the two things intertwine somewhat?
Interest rates might have been terrible, but he probably paid about £4.80 for his gaff.
Swings and roundabouts innit.
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Gavros
7:06 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Sooo youve got a daughter Sold0?
Going to uni is she?
Likes the intelligent type?
Like the cool cats?
Hmmm *rubs beardy chin*
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dealcanvey
7:04 Wed Jun 28
Re: Interest rates look like theyre heading up..
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1964 6:29 Wed Jun 28
When you was getting interest rates of 15% inflation was probably rising just as fast.
never will we see such interest rates again. House prices are so expensive now that unless we see some serious inflation and wage rises interest rates wont be going up considerably anytime soon. Half the population with a mortgage would go bankrupt!
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Fo the Communist
7:01 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Irrespective of what happens, can I be the first to blame Corbyn, Abbott, the Day of Rage, the Independent, the BBC, Emma Dent Coad, Bridge Over Troubled Water, Lily Allen, all 'lefties' and Gary Lineker's Twitter account?
Slow off the mark there, boys.
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Trevor B
6:58 Wed Jun 28
Re: Interest rates look like theyre heading up..
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ED
64 said mortgage payers were lucky at the moment, not current buyers. he even explains why in his post!
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ludo21
6:58 Wed Jun 28
Re: Interest rates look like theyre heading up..
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Carney only said last week in his Mansion House speech that they wouldn't be changing anytime soon...
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Far Cough
6:57 Wed Jun 28
Re: Interest rates look like theyre heading up..
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ag ag ag, half pint Sold strikes again
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