This is a danger.......and we have seen it all before.I have no objection to people owning a house ,but to introduce subsidies from the goverment is purely a political move ,and it will lead to another housing bubble,and we all know where that leads.Let the markets make their own level without "artificial stimulus" If you want to stimulate an economy' look at your fiscal policies ie reduce taxation in certain areas,and if that means a "few" fat cats leave so what!
I bought ny first house in about 1974 sadly just after the earlier price increase.
I borrowed £5500 on mortgage and I remember at the time an older bloke I was working with called me a nutcase for borrowing such a huge amount of money.. (naturally he was fortunate and had bought his house many years earlier for £250
Now the point is it is all relative and any new buyers will always need to max out their purchase that has always been the case.
Interest rates are predominately set by the BOE to control inflation.
I agree it's controversial and people don't want to acknowledge what it's saying but a lot of it makes sense and i have though about the subject way before i even had see the headlines and the video is worth a watch some things may click with yourself.The increase in house prices for instance i know many people who have taken out large mortgages and only knowing such a low interest rate and i'm sure you remember the rates of the 80's as i do but even a small increase will put these people over the edge maybe causing a domino effect maybe not now not tomorrow but soon as like the video says interest rates can only go up.
I am not sure about the wisdom of this type of headlines.Is it scare mongering, attention seeking or desperate way to sell something? Does it not imply that End of Britain means the end of us all including the Money Week. How will the editor like it if someone were to dubb the publication as Money weak? LOL GLA
Cannot disagree but after the rise yesterday and the majority positive Broker recommendations I am more hopeful. The company will probably release some snippets of good news leading up to Xmas as it is in every body's interest for LLOY to stay steady but not rocket into space just yet. GLA
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