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Good for you. A 0.5% hike isn't going to hurt you - we were getting hikes of 2 and 3%.Originally Posted by Doucas
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..
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..
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.
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.
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.
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"
A strong degree of the free market. That's what generates wealth.
You are in utter denial, wealth amongst young people has plummeted as has property ownership.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 liaryou’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.
You literally own multiple properties and you're telling us how hard it was.
You're the typical boomer, no clue unless the daily mail has told you some buzzwords to say today. Your demographic is the reason there are so so many problems in the UK and you will go down as the most selfish pig ignorant generation in history.
A good night's kip seems to have worked it's magic, I see..
Quite a few of my old man’s mates involved with property lost everything in the crash late 80’s and interest rates going up early 90’s, it wasn’t all plain sailing like it’s been the last 10 years. Loads of those boomers as you say are helping out their kids big time anyway, aswell as being told to save all their lives, for what? No interest on their “savings” when they get to retire? No point in having 350k in the bank earning you nothing when you could buy a house rent it out and earn £2k a month from it, no doubt plenty of boomers did this.
have you thought about taking up a hobby you enjoy ? get out of the house, maybe some fresh air, it might help
He's a wet wipe and things the World owes him a living!
have you thought about taking up a hobby you enjoy ? get out of the house, maybe some fresh air, it might help
thinks
I’m no Boomer, born later than 64, so does that mean I’ve had it tough then?
As my old boss told me many years ago, don't moan just get on with it, because half the people you moan to don't care, and the other half are glad you’re having a tough time
Forgot to add on, you say £100,000.. you bought your your first property for £18,000 in 1976!! £8000 above average prices then and are telling us how so so hard it was.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'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.
You can't admit basic facts, you're a typical tory brexiter, I can't be arsed with you now. Bye.
Wake up where above did it say I bought my first house for £18,000 in 1976?
I voted remain, so don't make assumptions?
I bought my first house in 1988 for £34K tarted it up and sold for £42.5k six months later
£350k in savings? Who the hell has saved this? If they have they’ve probably never even bought a loaf of bread in their life.
It happens, when we downsized my mums house for a bungalow, the guy in the bungalow rang me the night before it was going to go through. He said we going to have to postpone a few days as he had to find a new safe place to put the 250k he had in cash hidden in the bungalow we were buying…..I couldn’t believe it. Said he didn’t trust the banks. Bit of a one off he was but I know a few who took a lump out of their pension, topped it up with savings and bought a house to rent out….
I can recall facing crazy interest rates treble these...
The biggest problem in this country has been the rise of buy-to-let. There are a lot of things that caused it's sudden rise in popularity - a safe place to put those big pension pay-outs, a better return than anything at the banks, consistently low lending rates, and a lot of people looking for somewhere to live. As a result, there is a dire shortage of reasonably priced places for sale, and this only serves to push the prices up.
The reason why it came about was Thatcher encouraged people to flash the cash and many needed no second push
And the sale of council houses .....indefensible......led to a lot of people needing somewhere to live
The knock on effect of that selfish society is still around now
And of course the need for more housing has increased the attractiveness of renting out properties now .......people are desperate
Whilst there are some good landlords out there and some people prefer to rent at various points in their lives most are in it .....for the huge pots of cash they can make . And if any of them say otherwise they are lying . Entering into buying houses to rent out is a very good way of getting wealthy, mostly at the expense of other people .
It's appalling that some landlords have made a packet out of buying , selling and renting out former council houses .
It's a rotten , selfish society . Started by that silly bitch and never really turned around . Free market bollocks .
What's the difference between rental privately and through the Council, ie Housing Associations ? People need to rent for lots of reasons.
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