Member Info for john46

LTI,

"Lloyds currently about 1p below purchase on 28th Feb.
I will be buying more on falls"

Some of us call it averaging down . One of your expertises .

We don't know at this stage whether this will escalate to a black swan event . Should that occur , correction of 50% is to be anticipated , gap @ 28p will get closed .

Corvidale ,

LTI told us last week lloy won't see 38p . Who is right ?

Wids,

You're on form today bud ! Keep it up .

James,

Re: Flybe , 8 m customers pa and they can't make a £1 profit pp per flight , incompetent ! BOD must be on a par to CLLNs . They've proved there's a market out there , I trust someone more business savvy fills the void .

Scripp/ DCB ,

Trust you're keeping well !! EOY ! That is some foresight !!

ATB

LTI,

"So by your reckoning an interest rate drop from 3% to zero would result in house prices doubling, which as everyone should know is complete nonsense."

I only pointed out 25 bp drop in base would lead to 8% enhancement in house prices . Your above quote equates to a 72% increase in house prices . Get your Maths right ! Euro base @0 % semi skilled folk can afford €500k homes.

It's pointless you being most intelligent person on this BB , if you can't do percentages .

LTI,

For the benefit of this forum , you've told us 25 bp drop won't lead to 8% house price rises . That's all we need to know when it comes to your opinion .

Boomer will always think you're intelligent .

LTI,

My cost of funds are 2.3% plus base , i.e. , 3.05% . If base drops 25 bp , everyone knows 305/25 is c 12 . 100/12 =c 8% . That's how much my equity will go up by MPC making wrong decision , never mind savings in interest payments .

The wrong people are benefitting from drops in base rates , those that don't need it !

LTI ,

You did tell me in the last 3 months :-

Lloy won't see 52 p again .

Lloy won't see 48p again

Today you're telling us 25 bp drop in our base won't lead to 8% enhacemement in house prices .

Boomer thinks you're intelligent

LTI ,

Base rate dictates house prices .

LTI,

"If the same high multiples were maintained with a zero percent mortgage rate, that could support probably a 20% house price increase, but then what."

You argue for arguments sake . Your above statement equates to c 7% per 25 bp drop .

LTI,

As pointed out last week I do my long term calculations compounded @ 2% pa , which means wages double every c 20 yrs , as do asset prices , all variables remaining constant .

LTI,

As a nation we're fortunate to have highest inflation in G7 , so naturally it's also a factor for consideration .

LTI ,

Working from your example , with an 8% house price enhancement would cost £70 pm , £840 pa .

Average wage £25k pa , 2 people working per abode , 2% wage rise pa ,hence , £1k pa wage supplement . £160 pa better off despite 8% house increment . A realistic scenario in my eyes .

LTI,

Thank you for your calculations . I take it you don't believe a rate cut will cause house inflation . We are now both spectators .

LS,

Carney also said voting leave would lead to mega job losses and Recession . He's ex GS , can't be trusted with his utterings .

SUFF,

Oversight , chin up bud , hang in there !!

If BOE cuts base by 25bp that will show major ineptitude . 25bp V average cost of funds for a mortgage of 300 bp , 1: 12 ratio means house prices should rise by c 8 % . More personal debt ! Never ending cycle . Will MPC clowns never learn !

Pandemic fears to sweep US tomorrow .

https://www.dailymail.co.uk/news/article-8065613/New-York-doctor-warns-coronavirus-cases-surge-thousands-week.html

Nikes European HQ shut down due to CV , it's escalating pretty fast .

CV19 death rate in Iran @ +5 % . Make your own deductions .

https://www.dailymail.co.uk/news/article-8062191/Irans-coronavirus-death-toll-leaps-54-huge-spike-cases-brings-total-infected-978.html