Brightwell’s left peg
Well-Known Member
I know. I’m just saying I think a crash is in our future.
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Making an offer on a house - strategy
- Thread starter TINY
- Start date
Offers over sounds great but has a drawback if you are borrowing against it.
Put my house on in July, told them what I wanted for it added on the fees and solicitor, simple I thought.
But they said let's go offer's above what you want, 3 offer's first morning all £10K over. I said take your pick as it sounded like a winner.
On came the valuer and he decided it isn't worth it, no house in the street had sold for that.
Got to say I agreed with him and they were advised to pay a higher £10K deposit or no loan.
Told estate agents stop fxxking about and do what I asked for, sold first day at my asking price.
They had their money I had mine, lost months arsing about that I could have done without.
Put my house on in July, told them what I wanted for it added on the fees and solicitor, simple I thought.
But they said let's go offer's above what you want, 3 offer's first morning all £10K over. I said take your pick as it sounded like a winner.
On came the valuer and he decided it isn't worth it, no house in the street had sold for that.
Got to say I agreed with him and they were advised to pay a higher £10K deposit or no loan.
Told estate agents stop fxxking about and do what I asked for, sold first day at my asking price.
They had their money I had mine, lost months arsing about that I could have done without.
Sheikh rattle and roll
Well-Known Member
- Joined
- 12 May 2014
- Messages
- 2,157
Why not see if you bite I get 3k morewhy fuck about like that?
Obvious really
I hope you’re right, but genuinely think the country is in somewhat of a delusional economic bubble right now. Those that have lost their jobs feel the pain, but furlough has helped soften it. Furlough costs, and other incurred debts will need to be paid back by a smaller number of employed people, who will not only have to pay that incurred debt, but also pay more for the increased unemployed figures. Failing the discovery of a magic money tree, disposable income for those that have jobs will shortly be reducing, and will be n/a for those that have lost decent paying jobs.
I take no pleasure in this, but can’t see how it won’t come to pass that house prices will drop.
This.
I can't get my head around how we are not facing some sort of downturn or economic correction of the last 12 months. Companies and businesses have either been artificially kept afloat or have gone to the wall. Surely people will be facing job cuts and higher taxes as the government seeks to redress this. We are in a weird situation where "fake money" is been pumped into the system to keep the show on the road.
I know fuck all about this topic and I hope I am wrong as the last crash fucked me up for nearly two years, hopefully smarter heads than mine have found a way to navigate this.
Bill Walker
Well-Known Member
Hmmmm.... not really.This.
I can't get my head around how we are not facing some sort of downturn or economic correction of the last 12 months. Companies and businesses have either been artificially kept afloat or have gone to the wall. Surely people will be facing job cuts and higher taxes as the government seeks to redress this. We are in a weird situation where "fake money" is been pumped into the system to keep the show on the road.
I know fuck all about this topic and I hope I am wrong as the last crash fucked me up for nearly two years, hopefully smarter heads than mine have found a way to navigate this.
Domestic and foreign financial institutions (banks, insurance companies, pensions funds and other investment funds) and large corporations are the government’s main lenders. They do so by buying bonds.
Demand and supply determine the interest rates the government pays to the investors on these bonds. If there is a lot of demand for the government’s bonds relative to their supply, then interest rates will be low. If demand is low, then interest rates will be high.
Assuming government spending and the UK economy go back to some kind of normal when the pandemic is over, then the government will simply be able to roll over its debt into the future and, therefore, not have to pay back any of it — possibly forever.
In other words, as long as investors are willing to buy the government’s bonds, then it can issue new bonds to pay back old bonds that are coming due. And if the economy grows faster than the deficit, then the debt-to-GDP ratio decreases, as it has in the last decade.
I don't see any doom and gloom scenario for the average tax payer.
Brightwell’s left peg
Well-Known Member
I think that’s a big assumption. A lot of jobs and companies have gone forever.Hmmmm.... not really.
Domestic and foreign financial institutions (banks, insurance companies, pensions funds and other investment funds) and large corporations are the government’s main lenders. They do so by buying bonds.
Demand and supply determine the interest rates the government pays to the investors on these bonds. If there is a lot of demand for the government’s bonds relative to their supply, then interest rates will be low. If demand is low, then interest rates will be high.
Assuming government spending and the UK economy go back to some kind of normal when the pandemic is over, then the government will simply be able to roll over its debt into the future and, therefore, not have to pay back any of it — possibly forever.
In other words, as long as investors are willing to buy the government’s bonds, then it can issue new bonds to pay back old bonds that are coming due. And if the economy grows faster than the deficit, then the debt-to-GDP ratio decreases, as it has in the last decade.
I don't see any doom and gloom scenario for the average tax payer.
Hmmmm.... not really.
Domestic and foreign financial institutions (banks, insurance companies, pensions funds and other investment funds) and large corporations are the government’s main lenders. They do so by buying bonds.
Demand and supply determine the interest rates the government pays to the investors on these bonds. If there is a lot of demand for the government’s bonds relative to their supply, then interest rates will be low. If demand is low, then interest rates will be high.
Assuming government spending and the UK economy go back to some kind of normal when the pandemic is over, then the government will simply be able to roll over its debt into the future and, therefore, not have to pay back any of it — possibly forever.
In other words, as long as investors are willing to buy the government’s bonds, then it can issue new bonds to pay back old bonds that are coming due. And if the economy grows faster than the deficit, then the debt-to-GDP ratio decreases, as it has in the last decade.
I don't see any doom and gloom scenario for the average tax payer.
The only reason investors are buying debt is because central banks are hoovering up debt on the secondary market. The Bank of England owns 30% of government debt, rising to 40% next year. Quantitive easing on an enormous scale creating asset bubbles in property and equities.
This may not cause a crash, no one knows, but it’s a big risk.
Bill Walker
Well-Known Member
I simply don't buy that, demand will return eventually and with it, new companies, new jobs.I think that’s a big assumption. A lot of jobs and companies have gone forever.
I see boom years ahead. Bull markets.
I'm hoovering stocks.
Brightwell’s left peg
Well-Known Member
I hope you’re right.I simply don't buy that, demand will return eventually and with it, new companies, new jobs.
I see boom years ahead. Bull markets.
I'm hoovering stocks.
Bill Walker
Well-Known Member
So do II hope you’re right.