quavers
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- Location
- aberdeenshire
who withNot too high.
I could have fixed a mortgage for 5 years at 2.09% this week.
Unfortunately they now call me a portfolio manager so I have to pay 2.4%.
who withNot too high.
I could have fixed a mortgage for 5 years at 2.09% this week.
Unfortunately they now call me a portfolio manager so I have to pay 2.4%.
Apparently the reverse curve of the bond market has accurately predicted the last 8 recessions in the US. This is when investors start to return to govt bonds as security. They're doing it now Apparently...Although experts say it needs to be sustained through a quarter to say we are about to slip into a recession. Banks here in Aus have been independently lifting rates from what the reserve bank rate is. That will keep happening regardless of our central banks wishes.America sneezes, the world catches a cold...
Aaaaaaaaaaa Chooooooo
Deutsche Bank predicts US recession in 2023 due to Fed rate hikes
An economic recession is on the horizon in the U.S. as the Federal Reserve makes an aggressive pivot to cool the hottest inflation in four decades, according to economists at Deutsche Bank.www.foxbusiness.com
I’ve read some suggestions that the rates will be dropping again fairly soon. Compare fixed rate for 2,3,5&10 year terms - all very similar.Looking like we are in for another increase on Thursday, potential for a 50bp increase however I think it will be steady away at 25 again.
Markets are already pricing in 2.75% base rate next year. Gone are the days of cheap money!!
Where are they showing 2.75% base for next year?Looking like we are in for another increase on Thursday, potential for a 50bp increase however I think it will be steady away at 25 again.
Markets are already pricing in 2.75% base rate next year. Gone are the days of cheap money!!
being older and not necessarily wiser consider money under 5-7 % cheap as when I started out seem to remember paying 15 % plusWhere are they showing 2.75% base for next year?
UK gilts are currently suggesting 2.02% for next year.
Try servicing a loan in the late 80s when base was 15%....... Anything under 5% base is dirt cheapLooking like we are in for another increase on Thursday, potential for a 50bp increase however I think it will be steady away at 25 again.
Markets are already pricing in 2.75% base rate next year. Gone are the days of cheap money!!
Yes don't know their born.Try servicing a loan in the late 80s when base was 15%....... Anything under 5% base is dirt cheap
They weren't on stock prices defo.Surely those massive interest rates were completely reliant on massive inflation too?
Yeah, and a man's wages were a ton?They weren't on stock prices defo.
Fat lambs were about £30- £35 ??
Land was super cheap back then so the debt was never sky high but interest rates were so high that u didn't pay any tax (You could put interest against tax). Its the other way round now and buying land comes with massive debts & by the time u pay interest and income tax, wats left only makes a small hole in the borrowed money. 100 acres for £150,000 back then, now that would set u back £900,000..... Takes alot more paying off...Surely those massive interest rates were completely reliant on massive inflation too?
Never much around her less than 5k acre?Land was super cheap back then so the debt was never sky high but interest rates were so high that u didn't pay any tax (You could put interest against tax). Its the other way round now and buying land comes with massive debts & by the time u pay interest and income tax, wats left only makes a small hole in the borrowed money. 100 acres for £150,000 back then, now that would set u back £900,000..... Takes alot more paying off...
Scottish prices a lot of good arable ground in Aberdeenshire for less than 1k an acre down to £500 .Never much around her less than 5k acre?
Your talking about LFA possibly areas?
Back when?Land was super cheap back then so the debt was never sky high but interest rates were so high that u didn't pay any tax (You could put interest against tax). Its the other way round now and buying land comes with massive debts & by the time u pay interest and income tax, wats left only makes a small hole in the borrowed money. 100 acres for £150,000 back then, now that would set u back £900,000..... Takes alot more paying off...
Yes I'm guessing good LFA land now is 7-10,000/ acre nowa days depends on the neighbours etc etc- crazy it is..... Back then it was 1000-3000/acre...Never much around her less than 5k acre?
Your talking about LFA possibly areas?
Tree planters have put a bottom in the market.Yes I'm guessing good LFA land now is 7-10,000/ acre nowa days depends on the neighbours etc etc- crazy it is..... Back then it was 1000-3000/acre...
Wonder how long before that bottom falls out?Tree planters have put a bottom in the market.
Well by the looks after today the tree planters may have had there day.........??????Tree planters have put a bottom in the market.