Interest Rates

[j.sabourn]

Here in Australia all one hears about is the poor struggling mortage payer and how it affects them. To my mind 1. They should borrow money that they should be able to pay back and should have borrowed less. 2. Whatever the gorernment

[j.sabourn]

Addition to #1 . 2 whatever the government suggests goes down like a ton of bricks. Why don’t they adopt the same method as the uk/ was or is still , where you don’t pay tax on the interest of your live in dwelling , at present if still the same here you only get that concession on houses you have for renting. A previous post has come up 3 times and can’t remove 2 of them anyone else who can would be obliged. JS

[happy daze john in oz]

In the news today, some 25$ of all house sales last year were done without a mortgage.
So there are those with cash to spend out there.

Those in trouble borrowed during the pandemic when rates were at zero, took on too much and now pay the price.

[James Curry]

A shortage of housing stock in the UK has pushed up prices. London prices are the bench mark for the property markets. A lot of Southerners have wised up flogged their wee terraced house in London for a £million and moved up North and help create even more housing shortage.
Young people struggle to get a foot on the property ladder these days. Banks if they went back to the old , borrowing limits of 2.75 times your salary house prices woulf tumble. But eh!!! all us greedy oldies would kick up a fuss about that.

[j.sabourn]

No Money Honey .
The only Australian Bank today on the share price Index with a negative loss is the Commonwealth Bank of Australia. I wonder if the closure of Bankwest premises of business has anything to do with this. ? JS

[Tony Taylor]

A shortage of housing stock in the UK has pushed up prices. London prices are the bench mark for the property markets. A lot of Southerners have wised up flogged their wee terraced house in London for a £million and moved up North and help create even more housing shortage.
Young people struggle to get a foot on the property ladder these days. Banks if they went back to the old , borrowing limits of 2.75 times your salary house prices woulf tumble. But eh!!! all us greedy oldies would kick up a fuss about that.

They have been doing that for years, screwed lots of areas in Wales, Scotland, and the North East and I speak from experience.

[Johnny Kieran]

Got to be honest, I'd like to do exactly that, flog my gaff, and move out to the seaside somewhere with loadsamoney in the bank. Trouble is, Mrs JK won't do it, she wants to be near all the relatives. I don't blame her though, it's just a dream I have of a perfect life.
Gov.uk has to be blamed for the housing problems. Allowing lending rates to go down to nothing for so long, allowing wages to shrink by encouraging cheap labour into the country to level us all down. Then of course the banks want to make their killing, after trapping so many into the mortgages the buyers can't really afford, all due to gov.uk.

[Les Woodard]

The perfect storm is developing here in Oz. They have the younger set up to their necks in debt with mortgages and now enticing them to work from home. Am I the only one who can see that in the not to distant future that companies will be looking at having all this work from home done overseas. I mean what difference will it make for them. Can see families of the future not being able to afford the mortgage repayments on the dole. It is surprising how many of them are sprouting about being able to work from home without thinking it through. I am thankfully at an age that this is going to be somethning that I will not see happen.

[James Curry]

The banking collaspe of whenever the UK government used tax payers money to bail them out. I could not give a TISH if it was a Labour or Conservative Government.
The government bought shares in the likes of Lloyds bank. Along comes the Chancer-illor Osborne, the banks are now in profit, they are paying a dividend, so what do the GOV do!!!! they sell off the Tax payers shares to Osbornes mates at a knock down price!!! why not just keep them and the profits go back into the public purse.
How effing stupid are the British public, they keep voting these con men. We deserve everything we get.

[Des Taff Jenkins]

Now you are talking James, Socialism.
Des