glasshouse
Member
- Location
- lothians
Could the Russian exit from property crash it like lloyds did 30 yrs ago?
Selfishly I hope so... I'm wanting to buy
Ironically I have exactly that for sale. Yours for only 2 Jerry cans of unleaded and a tonne of 25-4-4Me too. I fancy a 15 bedroom house in the Home Counties and a 150m yacht.
Could the Russian exit from property crash it like lloyds did 30 yrs ago?
The problem with fixing now is that the fixed prices will have built in the expectation of future rate rises. Long term fixed will be close if not more than 5%.Saudis will buy it all. Money just moves around. Still think general prices will decline a bit though. Went to a future subsidy meeting thing the other night and a land agent put up an interesting slide. Showed interest rates from 1800-present day. Average was 7% but last 10 years have been lowest in history. His advice was to fix any long term borrowing.
Not sure on that but will it get any better, who knows ?The problem with fixing now is that the fixed prices will have built in the expectation of future rate rises. Long term fixed will be close if not more than 5%.
I’ve a few pals in the building trade and they all say the same this upward trend of house prices is unsustainable.the ruskys will get the blame now thoughI bet Rishi's looking at the looming recession and wondering if he can pump house prices a little more. Owners feel richer, get everyone else borrowing more... that's the basis of the UK economy now.
How are they can be pumped anymore? They are already on steroids.I bet Rishi's looking at the looming recession and wondering if he can pump house prices a little more. Owners feel richer, get everyone else borrowing more... that's the basis of the UK economy now.
They're already on the caseHow are they can be pumped anymore? They are already on steroids.
Might this be a time to be a bit more selective about questionable money from foreign countries?Saudis will buy it all. Money just moves around. Still think general prices will decline a bit though. Went to a future subsidy meeting thing the other night and a land agent put up an interesting slide. Showed interest rates from 1800-present day. Average was 7% but last 10 years have been lowest in history. His advice was to fix any long term borrowing.
Don’t you just find that most so called democracies can’t wait to get hold of the dirty money. They are shunning all of putins cronies now but London has been lapping them up for the last 20 years. Disgusting really when you think about it.Might this be a time to be a bit more selective about questionable money from foreign countries?
I see that the Saudis executed 81 men on Friday, largest ever number in a single day. Just before the boy Boris is due to fly out and plea for more oil. Bet the executions aren't very high on the agenda......
The shedding ewe disaster forcing you to down size.Me too. I fancy a 15 bedroom house in the Home Counties and a 150m yacht.
They're already on the case
Bank of England's 'draconian' mortgage affordability test set to go - Your Money
Borrowers may be able to take out larger mortgages as the Bank of England consults on removing the ‘affordability test’ amid concerns and uncertainty about its role in the future.www.yourmoney.com