Hyper-Inflation anyone?
You know when the banks are offering low cost variable rate deals that you really should fix...
http://news.bbc.co.uk/1/hi/business/8470302.stm
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Reply to: Get ready for the fun to begin
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Previously on "Get ready for the fun to begin"
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Originally posted by BlasterBates View Postwell if you have high inflation and low interest you want debt, but if they stick the interest rates way up you wanna be a saver.
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well if you have high inflation and low interest you want debt, but if they stick the interest rates way up you wanna be a saver.
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Originally posted by BlasterBates View Postyup you need a who huge stonking great mortgage.....three priorities
1. debt
2. debt
3. and more debt
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yup you need a who huge stonking great mortgage.....three priorities
1. debt
2. debt
3. and more debt
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It's a temporary blip. The Jan 1st VAT increase and total lack of demand after Xmas will mean it's soon falling again.
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Originally posted by Lockhouse View PostSay you have a £100K mortgage: In times of high inflation you could expect that to become seriously devalued in real terms making it significantly easier to pay off early. Obviously you have to hope your salary increases and interest rates aren't too bad but 5 years of 10% inflation effectively halves your mortgage for you. Sort of.
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My dad's first mortgage was for £1,600 in 1960. If he were alive today he'd be turning in his grave.
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Originally posted by BlackenedBiker View PostExplain??
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Originally posted by sasguru View PostBerlin property. A little birdy tells me that Berlin is preparing a low tax regime to lure financial firms there
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Berlin property. A little birdy tells me that Berlin is preparing a low tax regime to lure financial firms there
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Originally posted by BlackenedBiker View PostHave you got a mortgage??????
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Originally posted by BlackenedBiker View PostHave you got a mortgage??????
Handy that the inflation figure came in at 2.9% isn't it, just below the threshold where stuff has to be done. It might approach 2.99999% next month.
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