Interest rates up first time in a decade

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Interest rates up first time in a decade

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Pussay Patrol 04 Nov 17 2.25pm
Originally posted by Hrolf The Ganger Yes. The cost of owning a home is far too expensive relative to income. People quibble about various other measures that supposedly cause people hardship but somehow a big hike on the mortgage rate is OK. Not everyone is on a fixed rate. What is more annoying is that immigration and a relative lack of available housing is keeping prices up. People are screwed both ways. Wow, people still blaming everything on immigration. A con by the state so they can mug you off, as long people got a scapegoat like immigrants or the EU the government can keep slowly eroding your rights Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah
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Pussay Patrol

04 Nov 17 2.25pm

Originally posted by Hrolf The Ganger

Yes. The cost of owning a home is far too expensive relative to income.
People quibble about various other measures that supposedly cause people hardship but somehow a big hike on the mortgage rate is OK. Not everyone is on a fixed rate.
What is more annoying is that immigration and a relative lack of available housing is keeping prices up.
People are screwed both ways.

Wow, people still blaming everything on immigration. A con by the state so they can mug you off, as long people got a scapegoat like immigrants or the EU the government can keep slowly eroding your rights

Paua oouaarancì Irà chiyeah Ishé galé ma ba oo ah

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Midlands Eagle 05 Nov 17 10.54am
Originally posted by Pussay Patrol Wow, people still blaming everything on immigration. A con by the state so they can mug you off, as long people got a scapegoat like immigrants or the EU the government can keep slowly eroding your rights In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here?
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Midlands Eagle

05 Nov 17 10.54am

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Originally posted by Pussay Patrol

In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here?

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steeleye20 Croydon 05 Nov 17 11.07am
Originally posted by Midlands Eagle In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here? It's ridiculous to give immigration as a reason for interest rate changes.
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steeleye20

Croydon 05 Nov 17 11.07am

Originally posted by Midlands Eagle

In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here?

It's ridiculous to give immigration as a reason for interest rate changes.

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Midlands Eagle 05 Nov 17 11.29am
Originally posted by steeleye20 It's ridiculous to give immigration as a reason for interest rate changes. It's far more ridiculous to try and criticize an answer by taking it completely out of the context in which it was made
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Midlands Eagle

05 Nov 17 11.29am

Originally posted by steeleye20

It's ridiculous to give immigration as a reason for interest rate changes.

It's far more ridiculous to try and criticize an answer by taking it completely out of the context in which it was made

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steeleye20 Croydon 05 Nov 17 11.33am
Originally posted by Midlands Eagle It's far more ridiculous to try and criticize an answer by taking it completely out of the context in which it was made The thread is on interest rates. The lady was right, you and some others want to blame all ills on immigration.
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steeleye20

Croydon 05 Nov 17 11.33am

Originally posted by Midlands Eagle

It's far more ridiculous to try and criticize an answer by taking it completely out of the context in which it was made

The thread is on interest rates.

The lady was right, you and some others want to blame all ills on immigration.

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Midlands Eagle 05 Nov 17 11.41am
Originally posted by steeleye20 The thread is on interest rates. The lady was right, you and some others want to blame all ills on immigration. I can see that I have to spell it out for you Statement made:- What is more annoying is that immigration and a relative lack of available housing is keeping prices up. Response made:- Wow, people still blaming everything on immigration. A con by the state so they can mug you off, as long people got a scapegoat like immigrants or the EU the government can keep slowly eroding your rights My response:- In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here? Is that simple enough for you?
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Midlands Eagle

05 Nov 17 11.41am

Originally posted by steeleye20

The thread is on interest rates.

The lady was right, you and some others want to blame all ills on immigration.

I can see that I have to spell it out for you

Statement made:- What is more annoying is that immigration and a relative lack of available housing is keeping prices up.

Response made:- Wow, people still blaming everything on immigration. A con by the state so they can mug you off, as long people got a scapegoat like immigrants or the EU the government can keep slowly eroding your rights

My response:- In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here?

Is that simple enough for you?

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steeleye20 Croydon 05 Nov 17 11.56am
Originally posted by Midlands Eagle I can see that I have to spell it out for you Statement made:- What is more annoying is that immigration and a relative lack of available housing is keeping prices up. Response made:- Wow, people still blaming everything on immigration. A con by the state so they can mug you off, as long people got a scapegoat like immigrants or the EU the government can keep slowly eroding your rights My response:- In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here? Is that simple enough for you? There is no point ME. You are not making any connection with interest rate changes. INTEREST RATES
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steeleye20

Croydon 05 Nov 17 11.56am

Originally posted by Midlands Eagle

I can see that I have to spell it out for you

Statement made:- What is more annoying is that immigration and a relative lack of available housing is keeping prices up.

My response:- In 2016 there were approximately 250,000 net immigrants to this country. Where do you suppose they all lived once they arrived here?

Is that simple enough for you?

There is no point ME.

You are not making any connection with interest rate changes.

INTEREST RATES

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Midlands Eagle 05 Nov 17 12.39pm
Originally posted by steeleye20 There is no point ME. You are not making any connection with interest rate changes. INTEREST RATES OK MR Wannabe Moderator what have the following posts got to do with interest rates Originally posted by steeleye20 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. 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. The phrase about people in glasshouses comes to mind
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Midlands Eagle

05 Nov 17 12.39pm

Originally posted by steeleye20

There is no point ME.

You are not making any connection with interest rate changes.

INTEREST RATES

OK MR Wannabe Moderator what have the following posts got to do with interest rates

Originally posted by steeleye20

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.

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.

The phrase about people in glasshouses comes to mind

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steeleye20 Croydon 05 Nov 17 1.04pm
Originally posted by Midlands Eagle The phrase about people in glasshouses comes to mind I am glad you quote my previous posts as I blame the tories and their ruinous economic policies namely artificial interest rates for housing and economic state we are in. That is what my replies say. You have not made any connection between immigration and interest rates because there isn't any.
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steeleye20

Croydon 05 Nov 17 1.04pm

Originally posted by Midlands Eagle

The phrase about people in glasshouses comes to mind

I am glad you quote my previous posts as I blame the tories and their ruinous economic policies namely artificial interest rates for housing and economic state we are in.

That is what my replies say.

You have not made any connection between immigration and interest rates because there isn't any.

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hedgehog50 Croydon 05 Nov 17 1.10pm
Originally posted by steeleye20 I am glad you quote my previous posts as I blame the tories and their ruinous economic policies namely artificial interest rates for housing and economic state we are in. That is what my replies say. You have not made any connection between immigration and interest rates because there isn't any. I agree with you about artificial interest rates. But it is not specific to the Tories - Labour gave the power to set interest rates to the Bank of England. 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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hedgehog50

Croydon 05 Nov 17 1.10pm

Originally posted by steeleye20

I am glad you quote my previous posts as I blame the tories and their ruinous economic policies namely artificial interest rates for housing and economic state we are in.

That is what my replies say.

You have not made any connection between immigration and interest rates because there isn't any.

I agree with you about artificial interest rates. But it is not specific to the Tories - Labour gave the power to set interest rates to the Bank of England.

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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Midlands Eagle 05 Nov 17 1.45pm
Originally posted by steeleye20 I am glad you quote my previous posts as I blame the tories and their ruinous economic policies namely artificial interest rates for housing and economic state we are in. I give up as there is no point debating with anyone that suffers from tunnel vision
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Midlands Eagle

05 Nov 17 1.45pm

Originally posted by steeleye20

I am glad you quote my previous posts as I blame the tories and their ruinous economic policies namely artificial interest rates for housing and economic state we are in.

I give up as there is no point debating with anyone that suffers from tunnel vision

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.TUX. 05 Nov 17 2.51pm
Originally posted by Pussay Patrol Carney said the rate would be 1% by 2020 Even though it affects me I think it's a good thing especially if it brings property prices down. They say less people are buying property as they cannot afford so eventually, you would think, with shrinking demand and rate rises, a property crash is around the corner. What should also happen is people applying for mortgages should be able to prove they can make the repayments if the rate was 5%, so borrowers finances are properly stress tested Many of those who rent could easily afford the repayments, if given the chance. Banks demanding large deposits is the stumbling block for too many which has fuelled the rise in those less fortunate than some having to pay the mortgages of those more fortunate than them. Crazy. As for ''stress-testing''. Regulations facing the banks themselves, when borrowing, are far less stringent than those applied to the general population. Funny that. Buy Litecoin.
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.TUX.

05 Nov 17 2.51pm

Originally posted by Pussay Patrol

Carney said the rate would be 1% by 2020

Even though it affects me I think it's a good thing especially if it brings property prices down. They say less people are buying property as they cannot afford so eventually, you would think, with shrinking demand and rate rises, a property crash is around the corner.

What should also happen is people applying for mortgages should be able to prove they can make the repayments if the rate was 5%, so borrowers finances are properly stress tested

Many of those who rent could easily afford the repayments, if given the chance. Banks demanding large deposits is the stumbling block for too many which has fuelled the rise in those less fortunate than some having to pay the mortgages of those more fortunate than them. Crazy.
As for ''stress-testing''. Regulations facing the banks themselves, when borrowing, are far less stringent than those applied to the general population.
Funny that.

Buy Litecoin.

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