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Thread: Interest rates up 0.5%!

  1. #151

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    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.

  2. #152

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    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/pr...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.

  3. #153

    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.

  4. #154

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Nobody's Rep View Post
    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".

  5. #155

    Re: Interest rates up 0.5%!

    Quote Originally Posted by SLUDGE FACTORY View Post
    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.

  6. #156

    Re: Interest rates up 0.5%!

    Quote Originally Posted by The Bloop View Post
    Greta Thunberg for one 🙂
    Lol

  7. #157

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Lither_1927 View Post
    She's not lying, she genuinely believes in a low tax economy that benefits all.
    All? Or all of her kind?

  8. #158

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    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..

  9. #159

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Dave Blue View Post
    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?

  10. #160

    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 .

  11. #161

    Re: Interest rates up 0.5%!

    Quote Originally Posted by goats View Post
    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..

  12. #162

    Re: Interest rates up 0.5%!

    Quote Originally Posted by North Cardiff Blue View Post
    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

  13. #163

    Re: Interest rates up 0.5%!

    Quote Originally Posted by A Quiet Monkfish View Post
    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/in...nal-inflation/

    https://www.theguardian.com/business...starts-to-cool

  14. #164
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Lither_1927 View Post
    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!

  15. #165

    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 .

  16. #166

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    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/in...nal-inflation/

    https://www.theguardian.com/business...starts-to-cool
    Good for you. A 0.5% hike isn't going to hurt you - we were getting hikes of 2 and 3%.

    The 2 sites you linked, well. The Guardian is the portent of doom and despair, and the other one has been predicting the crash of house prices for 20 odd years. We ain't all going to burn, starve, freeze. Just enjoy life, and stop reading all the depressing sh*t..

  17. #167

    Re: Interest rates up 0.5%!

    Quote Originally Posted by jon1959 View Post
    Isn't it all due to 'mass migration'? More economically active, tax paying citizens. Lovely!
    The NHS is crying out for nurses and doctors from Europe and elsewhere .

    But some people don't like it and thank god we are back in control of our border and immigration .

    They are not racist though ....

  18. #168

    Re: Interest rates up 0.5%!

    Quote Originally Posted by SLUDGE FACTORY View Post
    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 .
    Blimey, that's pretty good. Nothing I'd disagree with except the toilet bit..

  19. #169

    Re: Interest rates up 0.5%!

    Quote Originally Posted by A Quiet Monkfish View Post
    Good for you. A 0.5% hike isn't going to hurt you - we were getting hikes of 2 and 3%.

    The 2 sites you linked, well. The Guardian is the portent of doom and despair, and the other one has been predicting the crash of house prices for 20 odd years. We ain't all going to burn, starve, freeze. Just enjoy life, and stop reading all the depressing sh*t..
    So are you saying the sources are wrong? Were house prices on average in 1976 not £11,500? Are house prices on average today not £290,000?

  20. #170

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    So are you saying the sources are wrong? Were house prices on average in 1976 not £11,500? Are house prices on average today not £290,000?
    "average". It's a false way of calculating. The enormous cost of housing in London and other 'hot spots' has skewed those figures. You have to take like for like. A 3 bed semi in, say Danescourt now, and in 1976. This isn't the example I referred to previously, but I reckon there's been no more than a ten fold increase. Take a house in London area and they've probably gone up 20 fold. There are large areas of housing in the Valleys that probably haven't gone up more than 5 fold.

  21. #171

    Re: Interest rates up 0.5%!

    Quote Originally Posted by jon1959 View Post
    Isn't it all due to 'mass migration'? More economically active, tax paying citizens. Lovely!
    No jon, Japan has very low immigration and has a higher standard of living than us. We've always had a relatively high stadard of living, even before mass immigration. It's down to capitalism. Anyway, higher immigration means the "lower trust" a society reports. So if you want to live in a low trust society with low social cohesion you crack on. Sounds like hell to me.

  22. #172

    Re: Interest rates up 0.5%!

    Quote Originally Posted by SLUDGE FACTORY View Post
    The NHS is crying out for nurses and doctors from Europe and elsewhere .

    But some people don't like it and thank god we are back in control of our border and immigration .

    They are not racist though ....
    Aren't you glad that poorer European Dr's and Nurses are staying home and helping their own nation? or do you think "**** em our needs come first, we need Dr's"

  23. #173

    Re: Interest rates up 0.5%!

    Quote Originally Posted by Lither_1927 View Post
    No jon, Japan has very low immigration and has a higher standard of living than us. We've always had a relatively high stadard of living, even before mass immigration. It's down to capitalism. Anyway, higher immigration means the "lower trust" a society reports. So if you want to live in a low trust society with low social cohesion you crack on. Sounds like hell to me.
    A strong degree of the free market. That's what generates wealth.

  24. #174
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    Re: Interest rates up 0.5%!

    Quote Originally Posted by Doucas View Post
    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.
    Some people are like a 1970's telly you must keep smacking them before they see the picture!

    And you said you’re not a liar you’re a clueless liar, read your own posts they are all dumb!

    You've taken one sentence out of context I went on to say interest rates are another factor in house affordability in 1988 when I bought my first house interest rates were 9.8% and went up to 15.4%, by 1990, house prices went down a lot by the way, so us oldies had what’s called negative equity, things were tough, much harder than my parents had it, but I wasn’t on a Cardiff city club message board or equivalent crying about it.

    Last year the rate I had on one property was 0.29% or 0.19% over the base rate (an old Woolwich now Barclays discounted rate from 2006).

    So on a £100K mortgage in 1990 the interest payment alone was £15,400 per year, last year it was £290 per year.

    Now I know house prices were less in 1990 but that’s to demonstrate to you how interest rates are the main factor in property ownership affordability.

    Many people who are older than you have told you this many times on this thread alone, but you refuse to believe people who have actual life experience and are not getting their information from socialist websites.

  25. #175

    Re: Interest rates up 0.5%!

    Quote Originally Posted by SLUDGE FACTORY View Post
    The NHS is crying out for nurses and doctors from Europe and elsewhere .

    But some people don't like it and thank god we are back in control of our border and immigration .

    They are not racist though ....
    How much money do the NHS need ?

    UK’s post Brexit EU “divorce bill” reaches €50 billion, confirms Treasury... up from €40-45bn...The NHS burns that in three months.

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