Mortgage decision - long term base rate predictions

[Sugarlips]

23 hours ago, Democorruptcy said:

Who are "the Market"? The BoE is there to look after bankers and they are doing OK, as is the financial sector in general? Sterling is in demand to buy chips in the UK casino?

The thing that puzzles me if why do the so called business interest groups fall for it? They have called for more mortgage lending etc. The more houses cost the more disposable income it takes from people to service the debt, so they have less cash to spend supporting businesses. Also there is no incentive to start a business and create jobs that could lose money, when they see all the governbankment props that go into the housing market, to make it the only game in town. FTSE's gone nowhere in over 20 years.

I’m told that even in Tokyo where property has been a disaster for investors for 30+ years, migration is tiny and the population is shrinking, prices are suddenly going up to nosebleed levels. Mind you they have continued to maintain near Zirp and the Yen has been trashed vs Gold in the last few years.

Edited July 28, 2023 by Sugarlips