• Welcome to DOSBODS

     

    DOSBODS is free of any advertising.

    Ads are annoying, and - increasingly - advertising companies limit free speech online. DOSBODS Forums are completely free to use. Please create a free account to be able to access all the features of the DOSBODS community. It only takes 20 seconds!

     

Sign in to follow this  
TheCountOfNowhere

They will stop at nothing to keep the housing ponzi going....

Recommended Posts

https://news.sky.com/story/nationwide-profits-tumble-by-40-with-163101m-coronavirus-hit-11996600

 

The lender promises no mortgage holder will lose their home over the next 12 months and tells all staff their jobs are safe.

 
They'll steal your savings but they wont take their house back.
I wonder why ?
I'm calling it, these ****s are insolvent when house prices fall.

Share this post


Link to post
Share on other sites
10 hours ago, TheCountOfNowhere said:

https://news.sky.com/story/nationwide-profits-tumble-by-40-with-163101m-coronavirus-hit-11996600

 

The lender promises no mortgage holder will lose their home over the next 12 months and tells all staff their jobs are safe.

 
They'll steal your savings but they wont take their house back.
I wonder why ?
I'm calling it, these ****s are insolvent when house prices fall.

They just cut my saving interest to just about zero. That's it, the ££ is getting taken out. Clowns. 

Share this post


Link to post
Share on other sites
11 hours ago, TheCountOfNowhere said:

https://news.sky.com/story/nationwide-profits-tumble-by-40-with-163101m-coronavirus-hit-11996600

 

The lender promises no mortgage holder will lose their home over the next 12 months and tells all staff their jobs are safe.

 
They'll steal your savings but they wont take their house back.
I wonder why ?
I'm calling it, these ****s are insolvent when house prices fall.

witha  commitment like that,sounds like a bail out plea.

Share this post


Link to post
Share on other sites
1 hour ago, Green Devil said:

They just cut my saving interest to just about zero. That's it, the ££ is getting taken out. Clowns. 

I have come to the same conclusion with what is in a cash ISA I have with one of the high St McBanksters.

Its tax-free status is pointless if it pays virtually nil interest, a Mars bar per year last time I looked for every grand.

Its coming out and going elsewhere to pay off a loan, which doubly pokes the Hight St McBanksters.

Simultaneously I'm draining my business account and diverting the diminishing balance into Pension Co.

If I am thinking this I'm sure many more will be doing exactly the same.

Banks are no place for savings as they are becoming pointless in readily accessible cash form.

Share this post


Link to post
Share on other sites
1 hour ago, Chewing Grass said:

I have come to the same conclusion with what is in a cash ISA I have with one of the high St McBanksters.

Its tax-free status is pointless if it pays virtually nil interest, a Mars bar per year last time I looked for every grand.

Its coming out and going elsewhere to pay off a loan, which doubly pokes the Hight St McBanksters.

Simultaneously I'm draining my business account and diverting the diminishing balance into Pension Co.

If I am thinking this I'm sure many more will be doing exactly the same.

Banks are no place for savings as they are becoming pointless in readily accessible cash form.

Agreed. I think I'd be better of either in bitcoin or premium bonds than a high street BTL lender. If they start pulling the negative interest carp which they are shilling expect trouble ahead for McBanksters. 

Share this post


Link to post
Share on other sites
10 hours ago, Chewing Grass said:

I have come to the same conclusion with what is in a cash ISA I have with one of the high St McBanksters.

Its tax-free status is pointless if it pays virtually nil interest, a Mars bar per year last time I looked for every grand.

Its coming out and going elsewhere to pay off a loan, which doubly pokes the Hight St McBanksters.

Simultaneously I'm draining my business account and diverting the diminishing balance into Pension Co.

If I am thinking this I'm sure many more will be doing exactly the same.

Banks are no place for savings as they are becoming pointless in readily accessible cash form.

Surely that's been readily apparent for the last twenty years?

Ironically I have more in cash now than I have had for years. The rationale is that whilst I still think that equities can't lose long term I can see that there may be bumps in the road in the next few years so I don't want to put myself in the position of having to sell shares at a low point.

I've got four years' basic living expenses in my zero interest current account and intend to maintain it at that level; I can't be doing with the pennies earned on deposits but may shove half of it into premium bonds because it at least has a return.

The way I think sterling is going to be trashed I would say even with the likely price drops over the next couple of years that a house will still do better than cash over the next ten years.

Plus they give you a real return on the form of no rent; which is handy if you lose your job.

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.