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  1. Creaky

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Absolutely not! Inflation running at around 10% - savings interest rates at less than 5%. All that means is that savings are effectively being devalued by at least 5% a year and if you are retired then you have no means to make up that deficit.
  2. Creaky

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    If your only retirement income is the state pension then you are correct. Inflation hits all other retirees harshly. Yes saving rates have increased but only by about a third of the inflation rate. Any retiree with cash savings have seen that effectively devalued Some annuities do have an...
  3. Creaky

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Have you actually read what I’ve posted before replying in such a manner? I have simply posed the question that if it were decided to build more houses than we currently are then who would be doing the building?
  4. Creaky

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Those trades are already 100% occupied - there is very little if any spare capacity available.
  5. Creaky

    [Finance] What should the government do about the coming base rate mortgage hike time bomb?

    Throughout this thread numerous posters have suggested that building more houses would be an answer to high house prices. I have no doubt that we need more dwellings and logic does suggest that by reducing the demand/supply ratio prices should fall. However what hasn’t been considered is the...
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