Interest rates increased

[moon man]

1979	17
1980	14
1981	14.375
1982	10
1983	9.0625
1984	9.5
1985	11.375
1986	10.875
1987	8.375
1988	12.875
1989	14.875
1990	13.875
1991	10.375
1992	6.875
1993	5.375
1994	6.125
1995	6.375
1996	5.9375
1997	7.25
1998	6.25
1999	5.5
2000	6
2001	4
2002	4
2003	3.75
2004	4.75
2005	4.5
2006	5
2007	5.5

No wonder us boomers are made of stronger stuff ,some historical interest rates

 

[Minusorange]

1979	17
1980	14
1981	14.375
1982	10
1983	9.0625
1984	9.5
1985	11.375
1986	10.875
1987	8.375
1988	12.875
1989	14.875
1990	13.875
1991	10.375
1992	6.875
1993	5.375
1994	6.125
1995	6.375
1996	5.9375
1997	7.25
1998	6.25
1999	5.5
2000	6
2001	4
2002	4
2003	3.75
2004	4.75
2005	4.5
2006	5
2007	5.5

No wonder us boomers are made of stronger stuff ,some historical interest rates

Despite higher interest rates, everything was way cheaper and the economy was actually in good shape

 

[Lord-Jaffa]

1979	17
1980	14
1981	14.375
1982	10
1983	9.0625
1984	9.5
1985	11.375
1986	10.875
1987	8.375
1988	12.875
1989	14.875
1990	13.875
1991	10.375
1992	6.875
1993	5.375
1994	6.125
1995	6.375
1996	5.9375
1997	7.25
1998	6.25
1999	5.5
2000	6
2001	4
2002	4
2003	3.75
2004	4.75
2005	4.5
2006	5
2007	5.5

No wonder us boomers are made of stronger stuff ,some historical interest rates

Ironically the lower interest rates and easy credit has caused this Insane housing boom that is crippling the housing market (buying and renting), huge crash needs to happen sooner rather than later

 

[touch]

Got the SMS from Nationwide seconds after the announcement, I'm sure they're not nearly as fast to increate their accounts interest rates.

I got an email from Halifax telling me on Monday!
Then an apology on Tuesday to say the rate has not changed, and finally the same email again today saying the rate has now gone up.

 

[dlockers]

1979	17
1980	14
1981	14.375
1982	10
1983	9.0625
1984	9.5
1985	11.375
1986	10.875
1987	8.375
1988	12.875
1989	14.875
1990	13.875
1991	10.375
1992	6.875
1993	5.375
1994	6.125
1995	6.375
1996	5.9375
1997	7.25
1998	6.25
1999	5.5
2000	6
2001	4
2002	4
2003	3.75
2004	4.75
2005	4.5
2006	5
2007	5.5

No wonder us boomers are made of stronger stuff ,some historical interest rates

Aren't you off work claiming statutory sick pay because you took too many legal highs?

 

[dlockers]

Ironically the lower interest rates and easy credit has caused this Insane housing boom that is crippling the housing market (buying and renting), huge crash needs to happen sooner rather than later

Sooner as in before I exchange please

 

[jsbombjack]

Got the SMS from Nationwide seconds after the announcement, I'm sure they're not nearly as fast to increate their accounts interest rates.

We got the email from Halifax on Tuesday. Then they said oops, sorry. Then they sent out a new email today after the announcement. Did make me chuckle

 

[Richie]

1979	17
1980	14
1981	14.375
1982	10
1983	9.0625
1984	9.5
1985	11.375
1986	10.875
1987	8.375
1988	12.875
1989	14.875
1990	13.875
1991	10.375
1992	6.875
1993	5.375
1994	6.125
1995	6.375
1996	5.9375
1997	7.25
1998	6.25
1999	5.5
2000	6
2001	4
2002	4
2003	3.75
2004	4.75
2005	4.5
2006	5
2007	5.5

No wonder us boomers are made of stronger stuff ,some historical interest rates

Perhaps add some balance to this with average house prices Vs median wages from 1979 alongside interest rates from 1979 until 2021 then a fair point can be argued.

Without those, your point is meaningless and should be regarded as such.

 

[robfosters]

Homes under the hammer should be taken off the telly. Totally immoral program in this current climate.

Just a random musing of mine

 

[Mr Joshua]

At least we won't have to worry about filling all those job vacancies, with business costs going up and people spending less due to cost of living we are going to see many businesses struggling to survive.

This couple with the increasing move towards more automation, driverless vehicles etc feels like we're going to end up with a universal income sooner rather than later!

 

[robfosters]

Very cheery thread this. Laugh a minute stuff.

 

[moon man]

Perhaps add some balance to this with average house prices Vs median wages from 1979 alongside interest rates from 1979 until 2021 then a fair point can be argued.

Without those, your point is meaningless and should be regarded as such.

If i was sober i would try and supply this info but its an interesting subject ,definitely average house price vs income would be one measure ,also a loaf of bread vs average wage ,ect ect

 

[LabR@t]

Despite higher interest rates, everything was way cheaper and the economy was actually in good shape

Lol,

4 day week, black outs, massive recessions, inflation so high you needed 2 pay rises a yer....... Yer it was easy lol

 

[Diddums]

This thread isn't very interesting at all.

 

[Minusorange]

Lol,

4 day week, black outs, massive recessions, inflation so high you needed 2 pay rises a yer....... Yer it was easy lol

Like late 80's to late 90's early 00's thing were great

 

[Uther]

Homes under the hammer should be taken off the telly. Totally immoral program in this current climate.

Just a random musing of mine

I've always hated that programme. What chance would a young person or couple have against the sort of vultures that just grab the cheap houses to rent out.

 

[Uther]

Like late 80's to late 90's early 00's thing were great

Were they? I remember being young and very very broke.

 

[Minusorange]

Were they? I remember being young and very very broke.

They were for my family at least

 

[moon man]

early 00's I agree ,10k salary got me a 3 bed semi that paid for my mortgage free life in Cornwall

edit 3

 

[Uther]

They were for my family at least

Well, the good times seem to be well and truly over now for the forseeable future for a lot of people.