New Posts For Thread: 6% on yor savings or 15-20% off your house value?https://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-valueSerious question guys.. Many are moaning about low interest rates and QE. But if your savings rates were 6% plus you can bet your bottom dollar your house would have fallen 15-20% in value!!That was the choice BOE made and the government made, and thchisel, people who ever want to trade up to a larger property (ie having kids etc) will benefit from falling house prices, even if they currently own a propertybut i'm sure you've thought of thathttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306106#416306106chisel, people who ever want to trade up to a larger property (ie having kids etc) will benefit from falling house prices, even if they currently own a propertybut i'm sure you've thought of thatThu, 05 Nov 2009 10:24:56 -0600Old head no they wont!And Knight , fair play to you but you are the exception rather than the rule. I am actually sure that you would prefer 3% on your savings ,and a house that is stable in value than 6% , (paying tax) and a house falling in valuehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306102#416306102Old head no they wont!And Knight , fair play to you but you are the exception rather than the rule. I am actually sure that you would prefer 3% on your savings ,and a house that is stable in value than 6% , (paying tax) and a house falling in valueThu, 05 Nov 2009 10:20:53 -0600chisel,Your question illustrates the narrow view a lot of people take.What about the millions of older people who rely upon their savings for income and will never move, do you think they care about the value of their property falling - especially gihttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306090#416306090chisel,Your question illustrates the narrow view a lot of people take.What about the millions of older people who rely upon their savings for income and will never move, do you think they care about the value of their property falling - especially giThu, 05 Nov 2009 07:32:17 -0600if interest rates were to stay at current levels ,for the next 20 years then house prices are undervalued,but with inflation just around the corner rates are set to soar,house prices will collapse at least another 30%,if the economy is to recover wehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306086#416306086if interest rates were to stay at current levels ,for the next 20 years then house prices are undervalued,but with inflation just around the corner rates are set to soar,house prices will collapse at least another 30%,if the economy is to recover weThu, 05 Nov 2009 06:11:28 -0600Bobby I simply do not believe that any sane landlord would accept 6% on his savings over a 15% dip in the value of his portfolio, which would also lead to eduction in the rental yield on his portfolio.I am not bothered about details!The point of thehttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306082#416306082Bobby I simply do not believe that any sane landlord would accept 6% on his savings over a 15% dip in the value of his portfolio, which would also lead to eduction in the rental yield on his portfolio.I am not bothered about details!The point of theThu, 05 Nov 2009 06:09:09 -0600chisel 05 Nov 10:34 OverboardDo not be so ridiculous. you are writing absolute rubbish. The yield on your rental properties would fall by more than teh 3% you gain on your savings if property prices fell that much!!With a comment like yours I siimhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306074#416306074chisel 05 Nov 10:34 OverboardDo not be so ridiculous. you are writing absolute rubbish. The yield on your rental properties would fall by more than teh 3% you gain on your savings if property prices fell that much!!With a comment like yours I siimThu, 05 Nov 2009 05:33:53 -0600OverboardDo not be so ridiculous. you are writing absolute rubbish. The yield on your rental properties would fall by more than teh 3% you gain on your savings if property prices fell that much!!With a comment like yours I siimply do not believe thathttps://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306050#416306050OverboardDo not be so ridiculous. you are writing absolute rubbish. The yield on your rental properties would fall by more than teh 3% you gain on your savings if property prices fell that much!!With a comment like yours I siimply do not believe thatThu, 05 Nov 2009 03:34:54 -0600Depends when you bought? If you were stupid enough to buy in 2003/4 onwards then so be it..............https://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306026#416306026Depends when you bought? If you were stupid enough to buy in 2003/4 onwards then so be it..............Wed, 04 Nov 2009 11:15:05 -0600niceone overb.....https://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306018#416306018niceone overb.....Wed, 04 Nov 2009 09:45:26 -06006% on my savings please.My properties are mortgage free and are producing rents so I don't give a monkeys what their capital value is. It's entirely irrelevant.As a nation, we could happily live with 30% off house prices.https://community.betfair.com/tradefair__financials/go/thread/view/94198/23382094/6-on-yor-savings-or-15-20-off-your-house-value?post_id=416306014#4163060146% on my savings please.My properties are mortgage free and are producing rents so I don't give a monkeys what their capital value is. It's entirely irrelevant.As a nation, we could happily live with 30% off house prices.Wed, 04 Nov 2009 09:28:51 -0600