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Interest rates up first time in a decade
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  Hrolf The Ganger  02 Nov 17 2.46pm |
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Originally posted by steeleye20
I think 3% would be fairer and bring savers back. It would also make an impact on our binge culture, insane property prices etc. The 17% interest rate that Mrs Thatcher brought in would if repeated now, make life quite interesting !!
Typically brilliant thinking from you. All those people you care about, you know the ones who are hard up. A lot of them who are paying mortgages would be being repossessed. That quarter per cent means around another £25 a month on a 100,000 mortgage by the way, so your 3% would be around £300 a month. Edited by Hrolf The Ganger (02 Nov 2017 2.50pm)
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| hedgehog50 Croydon 02 Nov 17 2.48pm |
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These phoney interest rates have fueled the housing crisis.
We have now sunk to a depth at which the restatement of the obvious is the first duty of intelligent men. [Orwell] |
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| Stuk Top half 02 Nov 17 2.51pm |
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Originally posted by Hrolf The Ganger
Typically brilliant thinking from you. All those people you care about, you know the ones who are hard up. A lot of them who are paying mortgages would be being repossessed. That quarter per cent means around another £25 a month on a 100,000 mortgage by the way, so your 3% would be around £300 a month.
Not even, £20.83 p.m.
Optimistic as ever |
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| Hrolf The Ganger 02 Nov 17 2.52pm |
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Originally posted by hedgehog50
These phoney interest rates have fueled the housing crisis. Oh yes. But we are now in a situation where a few percent increase could spell disaster for significant numbers of homeowners and damage the economy.
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| Hrolf The Ganger 02 Nov 17 2.53pm |
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Originally posted by Stuk
Not even, £20.83 p.m. I worked it out using The Force.
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| steeleye20 Croydon 02 Nov 17 4.10pm |
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Originally posted by Hrolf The Ganger
Oh yes. But we are now in a situation where a few percent increase could spell disaster for significant numbers of homeowners and damage the economy. The present housing crisis is entirely the fault of the tories hopeless economic policies. A home is a place to live not a get rich quick scheme.
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| Hrolf The Ganger 02 Nov 17 4.23pm |
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Originally posted by steeleye20
A home is a place to live not a get rich quick scheme. No it isn't. The housing crisis is a combination of immigration and a lack of house building. Neither exclusively the Tories fault at all.
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| Lyons550 Shirley 02 Nov 17 4.33pm |
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Originally posted by steeleye20
I think 3% would be fairer and bring savers back. It would also make an impact on our binge culture, insane property prices etc. The 17% interest rate that Mrs Thatcher brought in would if repeated now, make life quite interesting !!
I wouldn't worry...they'll be 3% soon enough but to raise them to 3% in one go would be suicide....slowly slowly...people need to be weened off of these low low rates
The Voice of Reason In An Otherwise Mediocre World |
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| steeleye20 Croydon 02 Nov 17 4.36pm |
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Originally posted by Hrolf The Ganger
No it isn't. The housing crisis is a combination of immigration and a lack of house building. Neither exclusively the Tories fault at all. The buck stops with the tories. In power for 8 years nearly. That's far too long they have no ideas other than to copy from Corbyn and that just makes them look ridiculous. Brown and Darling would have got us through ok IMO.
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| Lyons550 Shirley 02 Nov 17 4.37pm |
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Originally posted by steeleye20
The buck stops with the tories. In power for 8 years nearly. That's far too long they have no ideas other than to copy from Corbyn and that just makes them look ridiculous. Brown and Darling would have got us through ok IMO.
Edited by Lyons550 (02 Nov 2017 4.37pm)
The Voice of Reason In An Otherwise Mediocre World |
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Oh fabulous...more politicking to ruin a thread| steeleye20 Croydon 02 Nov 17 4.44pm |
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Originally posted by Lyons550
Edited by Lyons550 (02 Nov 2017 4.37pm)
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| Lyons550 Shirley 02 Nov 17 4.47pm |
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Originally posted by steeleye20
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