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1 in 79 Brits are property millionaires
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Originally posted by pjclarke View Post
that's success eh
half an hour ago the Torygraph said 1 in 79 Brits are now millionaires
and
half an hour later the Grauniad says that 1 in 65 Brits are now millionaires
it just gets better and better doesn't it
Milan.Comment
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Originally posted by milanbenes View Postthat's success eh
half an hour later the Grauniad says that 1 in 65 Brits are now millionaires
Milan.My subconscious is annoying. It's got a mind of its own.Comment
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Originally posted by pjclarke View PostUm "This article is 2 years old"
you have to focus on the bigger picture
Milan.Comment
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Originally posted by pjclarke View PostUm "This article is 2 years old"Comment
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Originally posted by BlasterBates View PostI don't see a house price crash until interest rates get jacked up. House prices in relation to interest rates aren't that high. However if interest rates do get jacked up there will be an almighty crash.
1) The government are forced to put up interest rates as inflation takes hold.
2) They can put up interest rates now to cushion the fall.
History tells us time and time again, always better to act than react."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostLargely I agree... and I see two scenarios playing out.
1) The government are forced to put up interest rates as inflation takes hold.
2) They can put up interest rates now to cushion the fall.
History tells us time and time again, always better to act than react.
Hence I believe interest rates may be irrelevant here. Unless people find a means to continue to remortgage the interest rates they pay may be rising anyway...merely at clientco for the entertainmentComment
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I pay 0.49% on my borrowing. It's a laugh innit.What happens in General, stays in General.You know what they say about assumptions!Comment
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Originally posted by MarillionFan View PostI pay 0.49% on my borrowing. It's a laugh innit.merely at clientco for the entertainmentComment
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I doubt you're going to see property growth for a while. My BTLs are sold so that's nice.
Now going through sale of main property.
Idea is to buy something more modest in a nice area (3 bed for 800Kish) as a base and squirrel the surplus loot abroad.
Thus I will have minimised my footprint in the UK and made the most of the boom yearsHard Brexit now!
#prayfornodealComment
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