House price crash signs

[diseasex]

The evidence on here is to the contrary.

OK I wonder what kind of "evidence" you have on me

[PurpleGorilla]

House price crash signs

It is worrying that we have a whole generation of new home owners that have only ever experienced rock bottom interest rates. Before the crash, my mortgage rate was something like 4.5%. Going back further it was even higher. In the very early 90's I seem to remember them sky rocketing to over 13%!! Can you imagine what will happen to the market when rates do eventually rise to their normal levels? Example:

£ 300k mortgage over 25 years.

@2% - £ 1,280 a month
@5% - £ 1,773 a month

That's c. £ 500 per month increase, which is enough to put most people over the edge I would imagine, given people are maxing out on what they can borrow already.

1% interest rates is the new normal. The credit bubble is collapsing. We're looking at another 15 years of ZIRP; minimum.

[diseasex]

Japan also has deflation for as long as I remember

[MrMarkyMark]

OK, but I'm a doer, not talker.

Just not in London though, right?

[diseasex]

Just not in London though, right?

[WTFH]

OK I wonder what kind of "evidence" you have on me

Just a little

[diseasex]

Just a little

If I was compulsive liar , you'd learn nothing.

[WTFH]

If I was compulsive liar , you'd learn nothing.

That's exactly what a compulsive liar would say

[shaunbhoy]

OK I wonder what kind of "evidence" you have on me

1694 posts full of unintelligible bollox at last count.

[diseasex]

1694 posts full of unintelligible bollox at last count.

liar
1695