Your are viewing a read-only archive of the old DiS boards. Please hit the Community button above to engage with the DiS !
has dropped 30% between December and January. CUNTS!
a better rate, but I'm scared yo.
last year. Yes !
I only went down 20% from Dec to Jan
and the bank of england have cut base rates to an historically low level.
how are you?
been watching the news. unlike THEO.
you'd know that if you'd been watching properly.
I know what's going on. I'm still angry. Fuck the mortgage owners! Keep the interest rates high, weed out the financially weak and give me a chance to use my collossal* wealth!
*: Not really.
savers are NERDS.
Just look at any BBC Have your say forum. Full of cunts going on about how they've always "lived between their means" etc etc. Every one of them sounds about as much fun as Bell-Rot. A disease I've just made up which involves your helmet turning green.
or just two?
for fucks sakes stop messing me around.
buy a graphics tablet, job done
i have £56 in my ISA!
I've had to sell one of my boats recently and downgrade to a fucking Audi.
Not that it's worth doing...
a recent conversation went:
"Do you think you'll be looking into buying a place to live anytime soon?"
"Haha, I understand it's a bad time to be thinking about that."
"Not so much, if you have the deposit."
"I have £56 in my ISA. What do you think I could get?"
It's amazing they couldn't have worked that out from looking at your bank account history.
Did they only start asking after you cut your hair? :D
but cute girls in record shops now call me "sir" :(
so the relative value might still be high
I don't believe it. No one's going to say, "Here, I'd like to LOWER your rent for this next contract, on account of deflation...".
you certainly would get more for your money, and a lot of other goods with the lack of demand will have to lower their prices, cars electronics, petrols already cheap again, of course it doesnt work the same across the board and rent wont go down but it would be harder for the landlord to justify an increase when the tenancy is up for renewal
THE LONDON PAPER TOLD ME SO.
also there are a couple of 1 bed flats in tufnell park on findaproperty under £200/week for the first time in forever at the moment.
Inflation is like when your landlord says you've got to pay a higher rent to renew your contract. After all you're not getting anything extra and in fact all the stuff in the flat is worth less thanks to a year's wear and tear.
So for real deflation you should get pay cuts and rents should be renewed lower as a result. Things actually should get cheaper. It's not the same as supply and demand. Computers and electronics are proper deflation: they COULD charge a lot more for them but they don't. There's no lack of demand though.
it is the lack of demand the causes prices to deflate, im not sure what is happening with rents but think in recent years rent has actually been lower than it should have been due to more people than there should have been buying houses so less demand for rent, so no idea what is happening, but i'm sure inflation/deflation is set by prices on the whole so your savings will have more purchasing power in general, wouldnt make sense to earn as much interest as when inflation is higher. (disclaimer I dont really know what im talking about and have no savings)
rents, at least in london, initially went up when the credit dried up, as there were a lot of people suddenly looking to rent and very few properties on the market. now a lot of places that had been for sale are being rented out instead, and people who bought places on shit-stupid mortgages are letting out spare rooms, so the supply has grown considerably.
like, the landlord might not offer to lower your rent, but other flats may be available with lower rents which means you move and hence the landlord lowers his rental demands to compete. so there is deflation.
I don't really understand it. I know rates are going down and stuff, but they're not actually going to take money OFF me, are they? I think that's the only reason I'd be annoyed.
unless it is one of those risky ones that is linked to how they invest it
Alliance and Leicester. I guess it would be disappointing to be given less free money than you'd expected, but I'm pretty excited about any free money to be honest.
as they are so cheap now and surely in 5 years or so things will be back closer to normal, worst happens they get nationalised and I lose them but if i just treat it as a monthly gamble rather than savings i wouldnt care
actually it's an eISA. I'm not sure what the actual difference is.
I hate it.