Guest pelmetman Posted January 20, 2022 Share Posted January 20, 2022 >:-) ......... https://uk.finance.yahoo.com/news/sterling-holds-close-23-month-091749635.html The pound would crash they said (lol) (lol) (lol) ........... Link to comment Share on other sites More sharing options...
CurtainRaiser Posted January 20, 2022 Share Posted January 20, 2022 You do realise that you are celebrating the UK having the highest rate of inflation in 30 years? From your article "Money markets currently price in more than 100 basis points (bps) in interest rate rises in 2022 and an 87% chance of a 25 bps increase in February, after data showed on Wednesday that UK inflation rose faster than expected to its highest in nearly 30 years in December." Link to comment Share on other sites More sharing options...
Guest pelmetman Posted January 20, 2022 Share Posted January 20, 2022 CurtainRaiser - 2022-01-20 8:31 PM You do realise that you are celebrating the UK having the highest rate of inflation in 30 years? From your article "Money markets currently price in more than 100 basis points (bps) in interest rate rises in 2022 and an 87% chance of a 25 bps increase in February, after data showed on Wednesday that UK inflation rose faster than expected to its highest in nearly 30 years in December." What ever did I do 30 years ago *-) ....... When my mortgage was at 15% ;-) ....... I bought another house >:-) ....... Some of us dont need to sponge millions off the taxpayer to get by :D ....... Link to comment Share on other sites More sharing options...
Brian Kirby Posted January 21, 2022 Share Posted January 21, 2022 pelmetman - 2022-01-20 8:53 PM .. What ever did I do 30 years ago *-) ....... When my mortgage was at 15% ;-) ....... I bought another house >:-) .............. Funny that, most of the people I knew then were struggling to find enough cash to meet their mortgage payments! Yet you, magically, had so much surplus cash and income you could raise a second mortgage and afford the deposit. Not bad going for someone born in the late 50s, so maybe only about 20 at the time, to have sufficient income and cash to own, and afford, two houses simultaneously. BTW, when did you leave the navy? Link to comment Share on other sites More sharing options...
Barryd999 Posted January 21, 2022 Share Posted January 21, 2022 Brian Kirby - 2022-01-21 12:17 PM pelmetman - 2022-01-20 8:53 PM .. What ever did I do 30 years ago *-) ....... When my mortgage was at 15% ;-) ....... I bought another house >:-) .............. Funny that, most of the people I knew then were struggling to find enough cash to meet their mortgage payments! Yet you, magically, had so much surplus cash and income you could raise a second mortgage and afford the deposit. Not bad going for someone born in the late 50s, so maybe only about 20 at the time, to have sufficient income and cash to own, and afford, two houses simultaneously. BTW, when did you leave the navy? PMSL! (lol) How long after was it I wonder when he started claiming benefits and then came on here to brag about it? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted January 21, 2022 Share Posted January 21, 2022 Brian Kirby - 2022-01-21 12:17 PM pelmetman - 2022-01-20 8:53 PM .. What ever did I do 30 years ago *-) ....... When my mortgage was at 15% ;-) ....... I bought another house >:-) .............. Funny that, most of the people I knew then were struggling to find enough cash to meet their mortgage payments! Yet you, magically, had so much surplus cash and income you could raise a second mortgage and afford the deposit. Not bad going for someone born in the late 50s, so maybe only about 20 at the time, to have sufficient income and cash to own, and afford, two houses simultaneously. BTW, when did you leave the navy? 30 years ago is 1992 ;-) ........I left the navy in 84.......In 1990ish I started my Pelmet empire, I was paying a £1000 a month in fixed overheads to rent and run a workshop 8-) ......... So I bought "Another" house and built a workshop in the garden as the £1000 a month was better spent on a mortgage than being given to the landlord B-) ......... When you run a sucessful business you have the money to spend >:-) .......... Which is prolly why your still in your semi ;-) .......... Link to comment Share on other sites More sharing options...
Bulletguy Posted January 21, 2022 Share Posted January 21, 2022 Barryd999 - 2022-01-21 1:11 PM Brian Kirby - 2022-01-21 12:17 PM pelmetman - 2022-01-20 8:53 PM .. What ever did I do 30 years ago *-) ....... When my mortgage was at 15% ;-) ....... I bought another house >:-) .............. Funny that, most of the people I knew then were struggling to find enough cash to meet their mortgage payments! Yet you, magically, had so much surplus cash and income you could raise a second mortgage and afford the deposit. Not bad going for someone born in the late 50s, so maybe only about 20 at the time, to have sufficient income and cash to own, and afford, two houses simultaneously. BTW, when did you leave the navy? PMSL! (lol) How long after was it I wonder when he started claiming benefits and then came on here to brag about it? Eleven years ago. pelmetman - 2011-03-03 10:27 PM Mel B - 2011-03-03 10:03 PM Dave ... how do you get tax credits without kids????? 8-) Yes I was surprised to 8-) When I started the new business I self financed it by reducing my drawings from the pelmet company :D We are well used to feast and famine and can get by on very little as thrift is a hobby B-), and we only have a small mortgage which I reduced to interest only. I saw an advert in our local rag saying that if your household income is less than £14500 a year then you would quailify for tax credits8-) So I phoned and explained why my drawings were reduced, and that we had no kids, but to my amazement they said that was ok as it was based on your household income, and not the business income, I also cleared it with my accountant B-) Now though I find myself on the horns of a dilemma :D As now the new business is up and running and providing a useful income stream:-D soon I will have paid up the credit card debts I built up starting it, so I will be able to increase my drawings again :D But I could keep my drawings low and buy a new van for the business :-D So my quandary is do I work the system? or start paying off the mortgage again :-S Five months later his "international business" had gone down a hole. pelmetman - 2011-07-06 6:08 PM Just wondered if things have changed much? For my own part we just seem to be bumping along the bottom*-)......... Link to comment Share on other sites More sharing options...
Barryd999 Posted January 21, 2022 Share Posted January 21, 2022 pelmetman - 2022-01-21 3:34 PM Brian Kirby - 2022-01-21 12:17 PM pelmetman - 2022-01-20 8:53 PM .. What ever did I do 30 years ago *-) ....... When my mortgage was at 15% ;-) ....... I bought another house >:-) .............. Funny that, most of the people I knew then were struggling to find enough cash to meet their mortgage payments! Yet you, magically, had so much surplus cash and income you could raise a second mortgage and afford the deposit. Not bad going for someone born in the late 50s, so maybe only about 20 at the time, to have sufficient income and cash to own, and afford, two houses simultaneously. BTW, when did you leave the navy? 30 years ago is 1992 ;-) ........I left the navy in 84.......In 1990ish I started my Pelmet empire, I was paying a £1000 a month in fixed overheads to rent and run a workshop 8-) ......... So I bought "Another" house and built a workshop in the garden as the £1000 a month was better spent on a mortgage than being given to the landlord B-) ......... When you run a sucessful business you have the money to spend >:-) .......... Which is prolly why your still in your semi ;-) .......... So less than two years after starting a Puffs business you bought a second house at 15% mortgage rates so you could build a workshop in it it? Impressive that Dave but why didnt you just build the workshop in the first house? Link to comment Share on other sites More sharing options...
CurtainRaiser Posted January 21, 2022 Share Posted January 21, 2022 So I wondered what interest rates were in 1992 and how that correlates with Pelmetheads BS. SURPRISE! Bank of England base rate 1979-2017 Bank rate at year end (%)* 1979 17 1980 14 1981 14.375 1982 10 1983 9.0625 1984 9.5 1985 11.375 1986 10.875 1987 8.375 1988 12.875 1989 14.875 1990 13.875 1991 10.375 1992 6.875 1993 5.375 1994 6.125 1995 6.375 1996 5.9375 1997 7.25 1998 6.25 1999 5.5 2000 6 2001 4 2002 4 2003 3.75 2004 4.75 2005 4.5 2006 5 2007 5.5 2008 2 2009 0.5 2010 0.5 2011 0.5 2012 0.5 2013 0.5 2014 0.5 2015 0.5 2016 0.25 2017 0.5 2018 0.75 Link to comment Share on other sites More sharing options...
John52 Posted January 21, 2022 Share Posted January 21, 2022 pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) Link to comment Share on other sites More sharing options...
colin Posted January 21, 2022 Share Posted January 21, 2022 Prior to the Brexit act sterling stood at around 1.4, just before vote it stood at around 1.3, since the vote it has been around 1.2, it is now below 1.2(already gone down since that article). So it appears predictions where correct. Link to comment Share on other sites More sharing options...
CurtainRaiser Posted January 21, 2022 Share Posted January 21, 2022 colin - 2022-01-21 8:38 PM Prior to the Brexit act sterling stood at around 1.4, just before vote it stood at around 1.3, since the vote it has been around 1.2, it is now below 1.2(already gone down since that article). So it appears predictions where correct. Imagine being an island nation thar imports half its food from abroad, then following a policy that devalues your currency by nearly 20% and then being surprised a couple of years later that you're in the middle of a cost of living crisis. That's Brexit for you. LOSERS Link to comment Share on other sites More sharing options...
Barryd999 Posted January 21, 2022 Share Posted January 21, 2022 You also have to remember that comparing the pound to the Euro and the damage done by Brexit is not a good measuring stick as Brexit also brought down the Euro itself. If you look back to 2016 when we voted to leave there was a massive crash against the Dollar, huge! Lots of stuff is priced in Dollars. Link to comment Share on other sites More sharing options...
Guest pelmetman Posted January 22, 2022 Share Posted January 22, 2022 John52 - 2022-01-21 6:28 PM pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) OK so I was a couple of years out *-) .......... But Interest rates were as you have helfully pointed out 3 times what they are now ;-) ........ (Of course you are talking cobblers as per usual.....paying 2 mortgages at 6.875% was a LOT >:-) ) Link to comment Share on other sites More sharing options...
CurtainRaiser Posted January 22, 2022 Share Posted January 22, 2022 pelmetman - 2022-01-22 9:15 AM John52 - 2022-01-21 6:28 PM pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) OK so I was a couple of years out *-) .......... But Interest rates were as you have helfully pointed out 3 times what they are now ;-) ........ (Of course you are talking cobblers as per usual.....paying 2 mortgages at 6.875% was a LOT >:-) ) A house worth £400,000 now would be £72,000 in 1992. At a interest rate of 6.875% that makes quite a difference to actual repayments. Care to take a guess what the average wage to house price was then and now? Our economy is fecked and we are all about to see how bad in the next couple of years. And yet the muppets who don't understand basic maths are out celebrating inflation running at 5.6%. Link to comment Share on other sites More sharing options...
John52 Posted January 22, 2022 Share Posted January 22, 2022 CurtainRaiser - 2022-01-22 10:33 AM inflation running at 5.6%. worse than that for some https://www.theguardian.com/society/2022/jan/22/were-pricing-the-poor-out-of-food-in-the-uk-thats-why-im-launching-my-own-price-index Link to comment Share on other sites More sharing options...
John52 Posted January 22, 2022 Share Posted January 22, 2022 Barryd999 - 2022-01-21 9:57 PM You also have to remember that comparing the pound to the Euro and the damage done by Brexit is not a good measuring stick as Brexit also brought down the Euro itself. If you look back to 2016 when we voted to leave there was a massive crash against the Dollar, huge! Lots of stuff is priced in Dollars. Yes but good luck trying to explain that to pelmethead. - I've been trying for years but he still only quotes pound / euro. All major commodities are priced in $, and since the Brexit vote you get less $ for your £. So it couldn't be clearer that Brexit has raised his prices. But how do you get it through to pelmethead? He still thinks he is not the LOSER :-S Link to comment Share on other sites More sharing options...
CurtainRaiser Posted January 23, 2022 Share Posted January 23, 2022 CurtainRaiser - 2022-01-22 10:33 AM pelmetman - 2022-01-22 9:15 AM John52 - 2022-01-21 6:28 PM pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) OK so I was a couple of years out *-) .......... But Interest rates were as you have helfully pointed out 3 times what they are now ;-) ........ (Of course you are talking cobblers as per usual.....paying 2 mortgages at 6.875% was a LOT >:-) ) A house worth £400,000 now would be £72,000 in 1992. At a interest rate of 6.875% that makes quite a difference to actual repayments. Care to take a guess what the average wage to house price was then and now? Our economy is fecked and we are all about to see how bad in the next couple of years. And yet the muppets who don't understand basic maths are out celebrating inflation running at 5.6%. You are very quiet Pelmet? Is the silence acceptance that you lost the argument? Link to comment Share on other sites More sharing options...
Guest pelmetman Posted January 23, 2022 Share Posted January 23, 2022 CurtainRaiser - 2022-01-23 10:22 AM CurtainRaiser - 2022-01-22 10:33 AM pelmetman - 2022-01-22 9:15 AM John52 - 2022-01-21 6:28 PM pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) OK so I was a couple of years out *-) .......... But Interest rates were as you have helfully pointed out 3 times what they are now ;-) ........ (Of course you are talking cobblers as per usual.....paying 2 mortgages at 6.875% was a LOT >:-) ) A house worth £400,000 now would be £72,000 in 1992. At a interest rate of 6.875% that makes quite a difference to actual repayments. Care to take a guess what the average wage to house price was then and now? Our economy is fecked and we are all about to see how bad in the next couple of years. And yet the muppets who don't understand basic maths are out celebrating inflation running at 5.6%. You are very quiet Pelmet? Is the silence acceptance that you lost the argument? That maybe how house prices have performend in your poor neck of the woods 8-) ......... I paid 80k for our extra house and sold it 8 years later for £345k :D ......... Mind I did do a lot of work to it, all funded out of my pocket......NOT THE TAXPAYERS >:-) ........ Link to comment Share on other sites More sharing options...
CurtainRaiser Posted January 23, 2022 Share Posted January 23, 2022 pelmetman - 2022-01-23 11:03 AM CurtainRaiser - 2022-01-23 10:22 AM CurtainRaiser - 2022-01-22 10:33 AM pelmetman - 2022-01-22 9:15 AM John52 - 2022-01-21 6:28 PM pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) OK so I was a couple of years out *-) .......... But Interest rates were as you have helfully pointed out 3 times what they are now ;-) ........ (Of course you are talking cobblers as per usual.....paying 2 mortgages at 6.875% was a LOT >:-) ) A house worth £400,000 now would be £72,000 in 1992. At a interest rate of 6.875% that makes quite a difference to actual repayments. Care to take a guess what the average wage to house price was then and now? Our economy is fecked and we are all about to see how bad in the next couple of years. And yet the muppets who don't understand basic maths are out celebrating inflation running at 5.6%. You are very quiet Pelmet? Is the silence acceptance that you lost the argument? That maybe how house prices have performend in your poor neck of the woods 8-) ......... I paid 80k for our extra house and sold it 8 years later for £345k :D ......... Mind I did do a lot of work to it, all funded out of my pocket......NOT THE TAXPAYERS >:-) ........ I took the Nationwide Houseprice Index for the SW. Which is pretty close to the figures you have proposed: £80k to £345k £72k to £400k I can only presume that with your DIY bodge it meant you underperformed the local market? But you do realise that you have just scuppered your own argument? So I will ask again: "At a interest rate of 6.875% that makes quite a difference to actual repayments. Care to take a guess what the average wage to house price was then and now?" Link to comment Share on other sites More sharing options...
Brian Kirby Posted January 23, 2022 Share Posted January 23, 2022 pelmetman - 2022-01-22 9:15 AM John52 - 2022-01-21 6:28 PM pelmetman - 2022-01-20 8:53 PM 30 years ago *-) .......When my mortgage was at 15% ;-) ....... ... fact check CurtainRaiser - 2022-01-21 5:05 PM Bank of England base rate 1992 6.875 Pinnochio Skewered Again (lol) (Of course interest rate is meaningless on its own without including house prices. 6.875% of very little is still very little) OK so I was a couple of years out *-) .......... But Interest rates were as you have helfully pointed out 3 times what they are now ;-) ........ (Of course you are talking cobblers as per usual.....paying 2 mortgages at 6.875% was a LOT >:-) ) Are you really claiming that you owned and occupied two homes at the same time for eight years? Why on earth do that? Link to comment Share on other sites More sharing options...
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