Interest rates up 0.5%!

[Doucas]

Re: Interest rates up 0.5%!

Not a champagne socialist then.

Doing alright what does that mean, it's subjective?

You appear jealous, you have a deluded view that older people had an easier life?

Any amount, it's a free Country?

You've said before it's too hard for you to get on the market, because all the old people grafted and bought them?

It's the same sales process as the 70's I think, just as easy go to a solicitor they do the paperwork for you, probably a bit easier these days actually because they can send some forms via the internet, we had to keep going to the solicitors office.

For a sixth time, what's the exact amount of wealth someone can have before they can talk about inequality?

I've never once said it was too hard for me to get on the market, ive said its much harder for younger people to get on the market which is 100% true and once they are it's more expensive yet somehow you still try and deny.

Yeah older people have had it easier, you haven't had the wage stagnation that we've had, you've had cheaper housing, free education and your pensions are better. You won't have to deal with the catastrophic consequences of climate change. But so many of you have your head in the sand and are clearly clueless of any modern issues unless you're spoon-fed it by Murdoch and Co.

[Doucas]

Re: Interest rates up 0.5%!

Salary to house price is a stupid measure, the mortgage rate was much more then, now it's peanuts, but not for long, so house prices will reduce.

https://uk.finance.yahoo.com/news/property-uk-house-prices-halifax-063253579.html

UK average house price falls for the first time in a year to £293,221

Salary to house price is a stupid measure? This is the dumbest sentence I've read on all of CCMB ever. You clearly don't have a clue and I can't be arsed anymore.

[Dave Blue]

Re: Interest rates up 0.5%!

I worked on the polls on Brexit day. Something really odd was happening you could sense it. People who you could tell were unused to voting were coming in, dragging older relatives with them as if their lives depended on it - all while insisting on using a pen (yes they had been totally brainwashed). All thinking they were voting against the ‘establishment’ whilst only being fooled by them. We’ve sold our young people down the river, let’s hope one day they’ll have the sense to put it right.

[A Quiet Monkfish]

Re: Interest rates up 0.5%!

You can't pass on brexit as it is has an impact on our ability to employ people in the foundation economy across the board and a huge impact on people movement

Our generation has been on the planet longer so of course we have had a bigger impact

I'm apolitical if you see my previous post as they are all wank3rs and self serving tosspots

Don't know what MCG is apart from the Melbourne cricket ground

Sorry, "Middle Class Guilt".

[Lither_1927]

Re: Interest rates up 0.5%!

It's not going to do anything at all to deal with this recession

She's lying and she's full of shit

And the next prime minister

She's not lying, she genuinely believes in a low tax economy that benefits all.

[Lither_1927]

Re: Interest rates up 0.5%!

Greta Thunberg for one 🙂

Lol

[Dave Blue]

Re: Interest rates up 0.5%!

She's not lying, she genuinely believes in a low tax economy that benefits all.

All? Or all of her kind?

[A Quiet Monkfish]

Re: Interest rates up 0.5%!

Percentage of 16 - 34 year old that are homeowners

51% in 1991
24% in 2016

Salary as a percentage of average house prices
2000 - 2005 18%
2012 - 2017 12%

These are basic facts that cannot be denied. It is harder to buy a house now than it was in the past.

Source: https://www.moneysupermarket.com/mor...buyers-report/

I've just checked on Rightmove the sale price [March 2022] of my 1st house. I bought it in 1976 for £18,000. It sold for £183,000. Pretty much average for those around it, too. That's a 10 fold increase. The average wage in 1976 was £3,750. The average salary in the UK in 2022 is £31,500. That equats to 8.4 times increase. Now imagine a mortgage today with 10-11% interest rates, because that's what we were paying - bank rate was close to 9%.

You can convince yourself that the world's against you - and listening to the doomongers doesn't help, but believe me, it's far, far, easier to buy a house now than it ever was..

[Lither_1927]

Re: Interest rates up 0.5%!

All? Or all of her kind?

Well, we in Britain have one of the highest standards of living in the world. That's *all* not the few. Britain is well off due to capitalism is it not?

[SLUDGE FACTORY]

Re: Interest rates up 0.5%!

The tory scum should drop all this free choice bollocks and tell the country that going on holiday and maxing out the credit card for the government and individuals has got to stop for 18 months . They need to fund the basics but all this silly talk about cutting taxes to keep the economy is just bullshit . Its not going to work . Sunaks ideas are a bit more realistic but he's also off his head .

Defence spending will carry on each makes me laugh . We have this nuclear weapons costing billions ......what have they in Europe recently , except cost loads of money . Deterrent my arse .

Cut that away for a start .

[Vindec]

Re: Interest rates up 0.5%!

Yes and Caerphilly centre too, yet they voted leave without a clue who paid for it as seen on sky news at the time….

I spent 8 years driving all over Europe. Every few miles there were signs saying the development was supported with finance from the ERDF. So Blaenau Gwent, Merthyr et al were not the only beneficiaries of European money. However, the money was not European money; it was partly ours. The system worked like this: The Government contributed into the ERDF each year but received far less back from the EU for ERDF projects. Decisions on allocations were made by the EU in consultation with Member States.

All I know is that the roads and rail links in Europe are far better than those in the UK. It seemed to me that we were getting short changed and when I went to one of the rail tunnel openings (in Benicassim on the main rail link between Valencia and Barcelona) the Mayor welcomed those of us from the UK and jokingly thanked us for our generous contribution..

[splott parker]

Re: Interest rates up 0.5%!

Doucas was saying Brexit was the governments fault, I explained no it's the voters which is correct.

Who are these Torries that you keep mentioning? Are they involved anywhere

[Doucas]

Re: Interest rates up 0.5%!

I've just checked on Rightmove the sale price [March 2022] of my 1st house. I bought it in 1976 for £18,000. It sold for £183,000. Pretty much average for those around it, too. That's a 10 fold increase. The average wage in 1976 was £3,750. The average salary in the UK in 2022 is £31,500. That equats to 8.4 times increase. Now imagine a mortgage today with 10-11% interest rates, because that's what we were paying - bank rate was close to 9%.

You can convince yourself that the world's against you - and listening to the doomongers doesn't help, but believe me, it's far, far, easier to buy a house now than it ever was..

But £18,000 wasn't the average house price in 1976, it was about £11,500. So by your own figures that's 4x the average wage.

You say the average wage is £31,500 which is probably about right (although median wage would be better) but the average house price in the UK is now £290,000 which is about 9-10x that figure. Most mortgage providers will only loan up to 4x your salary now, are you starting to see the gigantic problem yet?

We have a generation of older people who despite no matter how many facts you're shown you will refuse to see how bad things are at the moment. Which is why things keep getting worse because you've got your heads in the sand and keep voting for this.

This shouldn't even need to be a discussion, it's like asking if the sky is blue.

And before I hear the 'you're just jealous' I am a homeowner.

Sources:

https://www.housepricecrash.co.uk/indices-nationwide-national-inflation/

https://www.theguardian.com/business/2022/jun/08/average-uk-house-price-hits-record-but-market-starts-to-cool

[jon1959]

Re: Interest rates up 0.5%!

Well, we in Britain have one of the highest standards of living in the world. That's *all* not the few. Britain is well off due to capitalism is it not?

Isn't it all due to 'mass migration'? More economically active, tax paying citizens. Lovely!

[SLUDGE FACTORY]

Re: Interest rates up 0.5%!

We have been using quantitave easing and spending for a long time , it's created false demand . So thats going to have to stop or inflation becomes a runaway train . Even more so given the energy situation .

This government has failed to protect this country from a shitstorm and now its here its too late .

Truss talking about cutting tax to stimulate the economy is bollocks , she's a bullshitter just wanting the top job and she knows the blue rinse brigade and all the saps will elect her if she talks about their money .

It's 18 months at least of digging deep and as usual it's those at the bottom and middle who will get it .

It makes me laugh that the Tories play the game of financial management 🤣

This lot are the last people you want to be stuck in a toilet with .