The challenge is the longer the inevitable increases are held back the more painful it might be.
I can see rates rising by 0.25% until they get to 2% then in bigger jumps.
Hopefully if action is taken quickly the pain will be less
They didn't exactly 'creep down'.It’s a balancing act of course, but they have to creep up in a similar manner to how the dropped down, given how delicate the
They didn't exactly 'creep down'.
UK base rates were cut from 5% to 4.5% in October 2008, after the global financial crisis took a lurch for the worse. They were then reduced to 3% in November 2008, 2% the following month and 1.5% in January 2009. They then dropped to 1% in February 2009 and to 0.5% in March 2009.12
Me too but this has been asked now for the last 25 years and it hasn't happened. There isn't enough supply to meet the growing demand and particularly in our neck of the woods.I hope your suggestions of 1% are accurate.
I can’t see interest rates staying too low because of the inflationary pressures caused by rising food prices and wages resulting from fuel shortages. Increasing labour rates for drivers won’t help as well as shortages for microchips.
This morning we hear coffee is rising because of coffee bean shortages.
I also wonder how long house prices will rise before a correction comes.
Interesting and very challenging times ahead
I can't see a house price crash, at least not in desirable areas. If prices fall significantly then people with some spare cash invested will snap them up to rent out.Me too but this has been asked now for the last 25 years and it hasn't happened. There isn't enough supply to meet the growing demand and particularly in our neck of the woods.
An interesting societal question over the next 20-30 years is what will happen to those who couldn't afford to buy a house as they enter old age? Their income will likely diminish as they either retire or ill health precludes them from working but unlike those of us lucky enough to own a property, they will still have increasing monthly rent costs to meet. As people live longer, this is going to become an increasingly prevalent issue. Improvements in medical care have a lot to answer for
sadly soThey usually only go the same way as wholesalers when prices go up
In 2008/2009 house prices dropped around 15%, so well within 25 years!Me too but this has been asked now for the last 25 years and it hasn't happened. There isn't enough supply to meet the growing demand and particularly in our neck of the woods.
In Oxfordshire?In 2008/2009 house prices dropped around 15%, so well within 25 years!
I also wonder how long house prices will rise before a correction comes.
Interesting and very challenging times ahead
Is that actually right? If so they recovered quickly and increased, since interest rates were low and they were a good thing to invest in.In Oxfordshire?
Not so sure you’ll be happy with Shell now. Having said that I’ve got BP and they slumped 8% yesterday despite being cash richGreta will be happy.
As will the shareholders.... currently 21.52% up.
Not so sure you’ll be happy with Shell now. Having said that I’ve got BP and they slumped 8% yesterday despite being cash rich