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By (user no longer on site) OP 46 weeks ago
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So interest rates rise again to their highest peak in 15 years. Inflation high and wages not rising in comparison. Households are being squeezed, renting a property is extortionate and also the growth of food banks is getting scary. Have I missed anything? |
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"So interest rates rise again to their highest peak in 15 years. Inflation high and wages not rising in comparison. Households are being squeezed, renting a property is extortionate and also the growth of food banks is getting scary. Have I missed anything?"
The days are now getting shorter  |
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By (user no longer on site) OP 46 weeks ago
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"So interest rates rise again to their highest peak in 15 years. Inflation high and wages not rising in comparison. Households are being squeezed, renting a property is extortionate and also the growth of food banks is getting scary. Have I missed anything?
The days are now getting shorter "
Brilliant  |
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I paid 17.5% interest on my mortgage in the late 70's and early 80's.
Lots of unemployment, fuel shortages.
Interest rates have been unsustainably low for a long time now so a slight rise had to be expected. You can start to complain when they hit 14 or 15%.
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By *og-ManMan 46 weeks ago
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"I paid 17.5% interest on my mortgage in the late 70's and early 80's.
Lots of unemployment, fuel shortages.
Interest rates have been unsustainably low for a long time now so a slight rise had to be expected. You can start to complain when they hit 14 or 15%.
"
This.....I was fixed at 10% when rates hit 17 % in the early 90's
Can't complain when I had a tracker for the last 15 yrs |
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"I paid 17.5% interest on my mortgage in the late 70's and early 80's.
Lots of unemployment, fuel shortages.
Interest rates have been unsustainably low for a long time now so a slight rise had to be expected. You can start to complain when they hit 14 or 15%.
This.....I was fixed at 10% when rates hit 17 % in the early 90's
Can't complain when I had a tracker for the last 15 yrs "
I was locked in at 10.5% when that shit show hit!
The big difference is the figures though. 10% of 70k doesn't sound half as scary as 10% of 500k. |
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By (user no longer on site) 46 weeks ago
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"So interest rates rise again to their highest peak in 15 years. Inflation high and wages not rising in comparison. Households are being squeezed, renting a property is extortionate and also the growth of food banks is getting scary. Have I missed anything?"
Electric and fuel bills rocketing |
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"I paid 17.5% interest on my mortgage in the late 70's and early 80's.
Lots of unemployment, fuel shortages.
Interest rates have been unsustainably low for a long time now so a slight rise had to be expected. You can start to complain when they hit 14 or 15%.
This.....I was fixed at 10% when rates hit 17 % in the early 90's
Can't complain when I had a tracker for the last 15 yrs
I was locked in at 10.5% when that shit show hit!
The big difference is the figures though. 10% of 70k doesn't sound half as scary as 10% of 500k."
Thats the main difference and what a lot of older people choose to ignore. When regaling us with stories of interest rates.
A house could be built for x3 the average industrial wage in the 80s. Closer to x10 now!
Those who took out 20yr mortgages in the mid-90s saw wage inflation erase it in a few years.
None of the above will happen now!
I can't and won't complain, had 15yrs of very low rates. |
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"So interest rates rise again to their highest peak in 15 years. Inflation high and wages not rising in comparison. Households are being squeezed, renting a property is extortionate and also the growth of food banks is getting scary. Have I missed anything?"
Unemployment near an all time low, 4.36  It was 17% in the 80s.
It's swings and roundabouts really. Nowhere is ever going to be perfect. But Ireland in Summer is pretty close  |
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