A sign the economy is moving forward

[Old Hack]

A friend who agreed on a price for his new house 3 months ago, has just been called by the agents saying that the owners believe the market is moving upwards, so they're going to see if they can get more money by selling it later in the summer. A shameless attempt to coerce him into paying more money.

Greed is returning people, the recession is over.

[DimPrawn]

All the printed money is finding it's way into stock markets, property, etc.


Not much is finding it's way into pay rises however.

Going to end badly (again).

[Troll]

Wait until the interest rates start ticking upwards... should get interesting

[DimPrawn]

Wait until the interest rates start ticking upwards... should get interesting

You willing to wait another 20 years?

[Old Hack]

Wait until the interest rates start ticking upwards... should get interesting

We're mortgage free by August (hopefully), with all houses sold or selling. What we're buying now, should see us out the last 30 years, so I am not too bothered. Even with the government, and bank, stating low interest rates are here to stay, I can't see this ending well...

[MyUserName]

Wait until the interest rates start ticking upwards... should get interesting

Define interesting?

Is it "Oh God! Oh God! We're all going to die!"?

[Troll]

You willing to wait another 20 years?

Money markets are saying 0.75 by 2017 1% 2018

[vetran]

Define interesting?

Is it "Oh God! Oh God! We're all going to die!"?

no loads of poor sods who struggled to get on the ladder :
being made redundant, or wage freeze
then have difficulty paying the mortgage which doubles in cost to 12% despite the rate being BOE 2%,
the bank's foreclose.
The bank sell the house to a mate for peanuts and then the bank chases the couple for payment of the difference.
House sold by Bank's mate for a massive profit.

rinse & repeat.

Just like last time.

[Doggy Styles]

And the government's answer is to prop up house prices with taxpayers money. Feckwits.

[Old Greg]

A friend who agreed on a price for his new house 3 months ago, has just been called by the agents saying that the owners believe the market is moving upwards, so they're going to see if they can get more money by selling it later in the summer. A shameless attempt to coerce him into paying more money.

Greed is returning people, the recession is over.

And the government's answer is to prop up house prices with taxpayers money. Feckwits.

I suspect the 'Help to buy' initiative is what is fuelling this vendor's sentiment.