#22

(Grenfell style cladding which has been removed and won’t be replaced for months innit)

#23

The base rate can’t get much lower

#24

:grimacing:

I guess at least it’s been removed. Can’t speak to your situation, so a broker might be in order.

I’d like to see what happens with a negative base rate :wink:

(Probably gonna drop back to 0.5 or 0.25% soon I’d imagine though)

#25

Me too now I’ve spent all my money that I had

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#26

They have tried that in Japan for the last 4 years and it has been a dismal failure, There is almost no economic reaction to the advent and then the persistence of negative interest rates.

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#27

The only reason I know this is that I once bought a wrestling magazine during the Channel 4 Sunday Heat WWE period, and it had a feature where the Rock opened the NYSE and a quote from him saying that the Bull (him, he had a bull’s head on his pants) was going to rock bottom the jabroni Bear.

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#28

nodding thoughtfully, gazing meaningfully out of window

yes, base rate. even when it was the opecs, i knew it was a base rate :thinking:

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#29

Yes, but I’d quite enjoy hearing the boomer generation’s collective brain melting as they complain about their savings.

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#30

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#31

Is now a bad time to be thinking about putting an offer in on a house?

#32

Property as a whole is a consistently well performing asset, particularly in the long term.

It’s possible a stock market crash could cause a recession and a dip in property prices. But then usually that’s followed by a drop in the building of new homes, which usually ends up causing prices to stabilise, if not to start rising again when the market starts to get squeezed by the lack of new supply.

So if you wait you might be able to get a bargain. Might. But individual properties are heterogeneous - presumably this is one you actually want, and what you get a bargain on might not be to the same degree.

Ultimately I think the main things to consider are, (a) can you afford this as is?, (b) is your employment secure in the event of any downturns?, and © if the market does crash, would you be happy to live there in the medium term until it improves?

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#33

All good points, thanks

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#34

The market (up until the last couple of weeks) is as strong as it’s been in years at the moment - whether that’s dropping off, I dunno, haven’t seen the very latest trends yet.

My usual take on this stuff is to remember that you’re buying a home and not an investment… be mindful of where the market is going in terms of medium affordability, but unless you’re planning on going on another sabbatical presumably this is somewhere you’re likely to stay for a while and any shorter term drops will likely level out as Guntrip says.

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#35

how much toilet roll could you feasibly store in it?

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#36

A LOT

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#37

The other thing to consider is whether any of the current events might have similar effects on your vendor.

#39

I was thinking the markets might be stabilised on this point as the Chinese strategy of containment actually appears to be working (sharp fall in cases within Hubei Province indicating this). If the Italian results are similarly good then hopefully a global financial meltdown will be avoided.

Of course requires Russia and Saudi Arabia to behave themselves in the meantime.

#40

Reckon there’s mileage in a ‘stunks’ meme which is the same meme only reversed. Happy for someone to take that on and generate some engagement.

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#41

Felt like I was hearing and reading a lot of stuff a few months ago about how 2020 was going to have a recession, and that was well before the coronavirus…

Ominous stuff about Deutsche Bank and stuff I can’t even pretend to wrap my head around like the Inverted Yield Curve

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#42

was reading something about deutsche bank and that a while ago…loads of “ghost banks” or something in the EU that brussels has no interest in getting to grips with, full of toxic debt, dirty money and assets, insanely complex derivatives, like jenga towers where pulling one block collapses the whole thing…

like fargo season 3 but in belgium, i guess.

1 Like