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I can well remember when mine went up to 15.75% , I think 1979 , a bottle of marmalade to put on my toast was a luxury I could not afford. I was not overstretched , but a lesson I always remember .
Wait till 52 week low. There’s not a sniff of good news for the UK
52 Week Low 80.80
52 Week Low Date 13-Oct-2022
How much lower could this go? just touched 99p think i'll wait to get to 94p.
The biggest losers are the ones who bought in with the BS borrow as much as you like, the interest will remain low for the foreseeable future!
So what did they do, max out ( mortgage, leased car , brand new furniture on tick and not forgetting the luxury holiday)
Unfortunately some people have not learned to live within there means, this should be taught by parents and school alike!
All in my opinion and people have to remember a mortgage is for thirty years ( that’s two to three recessions ) not for a short minded
If this goes below £1 ,will sell centrica and invest all proceeds into tw ,hopefully the dividend will be at least the same as last year.
Back on the cart after a few years out.
Hoping to bolster my sipp over the coming few months, as mentioned I believe its not dawned on an over leveraged public as yet the pain awaiting, the problem i see is that we have a generation feeding unrealistic aspirations based on low borrowing costs without taking into account that low interest rates were only ever suppose to be a temporary fix.
Well i'm happy with todays dip for my monthly buy.
It might dip from here further which means i'll get more next month, so i'm not too worried either way
Jam, I'm still on the sidelines but money to spend on house builders.
TW and Psn are top of my list, but waiting for far lower entry points.
I don't feel builders have felt the pain yet... Gla
They can't really bail them out. The whole idea of this is to take money out of the economy, for people to be fearful for their jobs and accept lower pay rises. People will lose their houses just by pure bad luck when their deal comes up for renewal.
It's almost cruel. It makes the decision not to subsidise UK food growers heating costs look so foolish. How much inflation could have been taken out if they had ?
The winners at the mo, well no one with that level of inflation, least impacted, age 60+ with no mortgages and with savings, more likely to vote Tory ? ..... if anything with so many fixed mortgage rates, this approach hasn't worked till now. When it does, it will hurt big time
Let’s hope because they didn’t step when the shares went to 4p years ago. Lucky they had the American arm to sell to bail them out.
Sorry the government only care about inflation.
Will they bail the consumers that buy the houses and fall behind who follow the conservative dream!.
Na I don’t think so.
Jamrock it's the building industry that keeps this country going.. Government got to step in sooner later.
Taylor Wimpy looks like it could break £1.00 !
Where’s the bottom!
Do the Bank of England care !
Good morning
My daughter just got a mortgage last year for their house in Germany and when I said did you not want to wait until the interest rates settle!
She said ‘ why if you budget for your mortgage at a high rate, in three or four years time when the rates go down!
You will have extra money left over in your monthly budget’
I suppose it is a good way to look at it!
All the best Ben
Benrumpston still selling on my site and sold all but 2 of the apartments that be ready for November.. Few of our sites have slow down.. Still waiting for the big stop but so far so good
I can't work out why with the country desperate for housing, that TW has managed to work it's way down from £2.20 odd to just over a quid. It's like selling shovels to miners in a gold rush........
And losing money doing it.
I'd be long gone if not for the divis which I reinvest, so I'm waiting (not so) patiently for the price to spike before cutting and running.
GLA.
Still continuing to buy both TW and VTY. Both decent contributors to the dividend fund!!!!
Can't decide whether to top-up my TW holding, Vistry, or both. I understand Vistry is more exposed to 'value' housing, which may be more resilient in a struggling economy, but frankly, I don't really know..
Given i'm adding monthly thats fine by me if it does
Think this will a great buy come October after another few rate rises, think we will be around the 80s.
Good morning All
Still full speed on our site, sales lady says on our site selling at 1 a week so we are on a build out!
What about the rest of you?
Cheers in advance
Ben
“all thats required is patients.”
What, in a hospital?
Poor English in the Uk. No wonder the economy is bad.
Fine by me.
At this point in time its all about picking up undervalued shares, and to my mind at anything under about 130p we're a great value long term investment
I'm happy to just keep adding more
Jam, all thats required is patients.
Housing market not seen it hard yet... It's coming.
17+M went through the closing auction, and was marked as a buy. This usually means that there were more bids (buy orders) than available offers (sell orders). The opposite is true ( marked as a sell) if they’re more offers than bids. So, this indicates that large investors are happy to accumulate at these prices and weren’t able to get all they wanted. IMHO, we should also do the same.