Demand destruction and reducing money supply. It is a way.
Mortgage Rate Rises
- Thread starter glenimp617
- Start date
Caporegime
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If you have an interest only mortgage of £223,000 on a property valued at £475,000, how much do you own exactly in percentage terms?
Kind of is though.
Lots of job losses.. Lots less money floating around, less people chasing same amount of goods
If you can't work that out you probably shouldn't be eligible to have a mortgage in the first place
Caporegime
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I can’t work out exactly, but I know it’s around 50%If you can't work that out you probably shouldn't be eligible to have a mortgage in the first place
53.05263157894737% is as close as I can get it
(I knew I'd get it wrong first time around after saying that
)
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Find another job
Other way around. Mortgage is 223. Not how much own.
Caporegime
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Thanks. 53%
Caporegime
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Like its that easy?
Soldato
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so we're trying to use interest rates to stop people spending but...
- we're taxing savings interest
and we're trying to help people who can't afford their mortgages but...
- we're charging them stamp duty if they downsize to live within their means
- we're taxing savings interest
and we're trying to help people who can't afford their mortgages but...
- we're charging them stamp duty if they downsize to live within their means
You can take my pub visits. You can force me to stay in my Peugeot 207 automatic.
You can make me live with my 46in plasma 5 more years....
But you'll never take my international adventures!
(besides.. Its mainly funneling money out of the UK!.. Take that tories!)
I'll keep my cleaner too thanks!
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Caporegime
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I wanna renovate my house!
Too expensive! Wanted to get ensuite done. Then I saw cost!
Probably one of the biggest rises that sort of stuff.
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Caporegime
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Yea anything house related is absolutely bonkers.Too expensive! Wanted to get ensuite done. Then I saw cost!
Probably one of the biggest rises that sort of stuff.
The tradesmen are definitely minting and riding off a high horse during these times
Drill hole through wall and use a hose pipe. Assuming you can afford water bills.
Maybe use a water butt or recycle wee if desperate.
Or just don't shower.
That's the society we all aspire to.