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Serious 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 they presumed the MAJORITY would agree...I do
What would you prefer..?
That was the choice BOE made and the government made, and they presumed the MAJORITY would agree...I do
What would you prefer..?
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Final definitive proof that chisel is a complete F*cking idiot. He cannot see that most peoples lives arent dominated by rising house prices and that they might have other far more serious reasons than that to disagree with QE.
6% 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.
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.
Depends when you bought? If you were stupid enough to buy in 2003/4 onwards then so be it..............
Overboard
Do 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 that you own any rental property
Do 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 that you own any rental property
chisel 05 Nov 10:34
Overboard
Do 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 that you own any rental property
with a daft repost like that^^^^^^^ chisel's obviously itching to know (1) what properties overboard owns and (2) what yield overboard is currently getting. Am I right chisel? :D
Overboard
Do 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 that you own any rental property
with a daft repost like that^^^^^^^ chisel's obviously itching to know (1) what properties overboard owns and (2) what yield overboard is currently getting. Am I right chisel? :D
Bobby
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 the thread is that only a renter with cash iin the bak would accept 6% over a 15% dip in house prices
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 the thread is that only a renter with cash iin the bak would accept 6% over a 15% dip in house prices
if 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 we all need to forget about the price of our house and take a 30% drop in our standard of living..if we dont far worse will be forced on us.
chisel,
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 given that, according to your conviction, it will eventually rise again?
Indeed,, what about me? Only 49 but with a large house fully paid for that I won't be moving from? With 300k savings I'd much prefer 6% and the housing market to run its course.
Your ideas are sometimes really idiotic and show an ignorance of the wider picture.
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 given that, according to your conviction, it will eventually rise again?
Indeed,, what about me? Only 49 but with a large house fully paid for that I won't be moving from? With 300k savings I'd much prefer 6% and the housing market to run its course.
Your ideas are sometimes really idiotic and show an ignorance of the wider picture.
Old 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 value.
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 value.
chisel, 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 property
but i'm sure you've thought of that
but i'm sure you've thought of that
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