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Royal Bank of Scotland Share Chat (RBS)



Share Price: 360.00Bid: 360.30Ask: 360.60Change: 8.10 (+2.30%)Riser - Royal Bank Scot
Spread: 0.30Spread as %: 0.08%Open: 349.80High: 362.00Low: 348.60Yesterday’s Close: 351.90


Share Discussion for Royal Bank Scot (RBS)


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NeepHead
Posts: 1,389
Off Topic
Opinion:No Opinion
Price:338.60
mailman
6 Jun '14
I am not sure that I agree with regulation of mortgages, or indeed any other borrowing, it must surely be up to the individuals and lenders to agree what they will borrow and lend? Perhaps the regulation could be a warning statement advising the risks and consequences of borrowing, expecially when close to maximums? Then, in the event of a failure to keep up with payments, there could be a requirement that the lender revisits the deal and ensures a long term repayment plan that the borrower can meet.
 
mailman
Posts: 1,735
Off Topic
Opinion:No Opinion
Price:339.10
Neephead.... All
6 Jun '14
You are right ... Easier mortgages.. .. That is obvious

Because of the allowed greed of lenders... And as we know now .. Little regulation of the amount of mortgages given...

Back to those at the at the top that are running the country for their self interest... The sheer amount of unkown corruption .... And allowed tax avoidance and MP manipulated allowances and euro MP allowances is alarming to state the obvious.. The sheer amount of money wasted is crackers as we have been told on many tv programmes and news reports the past 10 years..

Keep saying things are getting better long enough and some actually start believing it...

When a major concern like Tesco announce their worst trading profit for 20 years... The tide is probably turning .. ?

Jinks... Yee ha .. Good rodeo show... 3 year olds riding a sheep... never seen that before.... Never happen in the UK, being a health and safety issue... A uk problem that stops many uk functions .

A USA chap said to me last night... The UK a great country to visit ... But as a nation can be too soft for our own good...and expensive... The price of your petrol is crazy, over twice as much.. . But excepted.. And many small laws like speeding are not enforced hard enough to create a culture change of more respected slower driving. .. And the police are less fearful by the uk public.... he could well be right.... They say others or outsiders see others faults... USA has theirs to me as well .. Mainly GUN culture, but that's another issue..

GLA ... Still waiting for the next big drop ...
NeepHead
Posts: 1,389
Off Topic
Opinion:No Opinion
Price:340.20
House prices
6 Jun '14
I still think prices rose because of easier mortgages.
jings100
Posts: 7,589
Off Topic
Opinion:No Opinion
Price:338.60
Mailman
6 Jun '14
Ride ,' em ...Cowboy !
jings100
Posts: 7,589
Off Topic
Opinion:No Opinion
Price:338.70
NeepHead
6 Jun '14
The banks have introduced this measure , all the government or more accurately the B of E , has done in this instance has warned of a potential problem which could prove detrimental to the economy . Carney's remit methinks . Lenders change their criteria all the time as economic circumstances change , nothing unusual about this IMHO .
lego
Posts: 10,519
Off Topic
Opinion:No Opinion
Price:337.20
No one
6 Jun '14
How can we compete with China or India if we have to earn big bucks to buy our houses.

House prices have ruined this country.
mailman
Posts: 1,735
Off Topic
Opinion:No Opinion
Price:337.20
All
6 Jun '14
We all know as fact in 1970 3 X average earnings could buy an average house... Today it takes 2 or 3 people to buy the average house on 3 X average earnings...

1970 average house prices were 3 times average earnings .. Now 6 to 8 times average earnings..

Why has this happened... Because of lack of sensible regulation of the amount of mortgage loan.. And not staying at 3 times earnings...... Prices would never have got to the highs they have if 4 to 8 times incomes wre allowed...

The fact that they were allowed has created many rich and many never able to buy the average house as per years ago.

Who you wish to blame is another matter ... We all know it to be greed .. The damage has been done and cannot be reversed.... Any massive crash in house prices now would damage the economy....

The next issue to come next is the rise in interest rates..when it comes... Taking more out of the housing market and a challenge to some recent buyers to maintain their payments which will increase when their next renewal of their current fixed rate expires.

Then there will be even more excuses still not to regulated mortgage loans or have a 3 or 4 X earnings limit... With no regulation as per many things many have to suffer at the expense of the few..... With the average house prices allowed to go unchecked from 3 times earnings to 6 to 8 times earnings ... It has created many of the the situations we have now...

I blame past governments as they were elected to run the country for the benefit of the majority... Obviously they have done a poor job regarding house price affordability and house building availablity. or we would not be talking about it as many do now....

Some say house building is manipulated to keep prices high .. They may well be right ...

In Colorado now .. Weather 90F...blue skies... Off to a local rodeo tonight ... yee ha..

Keep smiling all....
NeepHead
Posts: 1,389
Off Topic
Opinion:No Opinion
Price:337.20
jings100/HALFMIST
5 Jun '14
I am with HALFMIST on this although I would offer him the fact that most share brokers give a caution that shares can go down as well as up. That is really all that I am suggesting for mortgage seekers. As far as Govt interference is concerned I am all for the Govt ensuring honest trading, etc., but without getting into the day to day activities. Time has shown that it was dishonest dealing that brought the banks down and the legal system has dealt with most.
OK the Govt has and is introducing safeguards on future trading and hopefully these will do the job.
jings100
Posts: 7,589
Off Topic
Opinion:No Opinion
Price:337.50
Neephead
5 Jun '14
Was it not the lack of government interference that got us into the mess in the first place ?
jings100
Posts: 7,589
Off Topic
Opinion:No Opinion
Price:337.70
HALFMIST
5 Jun '14
Spoken (ok , posted ) like a true accountant . Lol.



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