More delays

[Bigben]

I don't know how to break this to you but Santa doesn't exist ?

Crap - does it mean it’s on me to buy some stuff for my kids this year?

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[W1NGE]

Crap - does it mean it’s on me to buy some stuff for my kids this year?

I think so as Santa can't afford the mortgage on his home (thanks Liz & Kwasi) and all our dividends are about to be shrunk...dig deep and go wild on Amazon Black Friday!

 

[Bigben]

I think so as Santa can't afford the mortgage on his home (thanks Liz & Kwasi) and all our dividends are about to be shrunk...dig deep and go wild on Amazon Black Friday!

Maybe that’s what will finally make me untick the divisive off-road pack from my spec ?
Who knew u-turns could be so expensive. But I do feel for Santa’s mortgage and will go easy on the list this year - I have like 30 years remaining and if I was to go on a variable rate today, I’d cringe big time

 

[f1eng]

I have like 30 years remaining and if I was to go on a variable rate today, I’d cringe big time

I am an old bloke with mortgage paid off but iirc it got to 13% when I had it.

My theory is that low interest rates artificially increased the apparent value of houses since with the same monthly payment people could borrow far more but that just meant people still bought the same house they just paid twice as much for it.
All very well when interest rates are so low…

 

[Fish Fingers]

I don't know how to break this to you but Santa doesn't exist ?

Nonsense!

I sat on his knee in Selfridges only last year (and asked for a Nurses Uniform and lingerie for the wife).

Quite disappointed when a Traffic Warden outfit turned up tbh.

 

[W1NGE]

Nonsense!

I sat on his knee in Selfridges only last year (and asked for a Nurses Uniform and lingerie for the wife).

Quite disappointed when a Traffic Warden outfit turned up tbh.

Did it fit?

 

[Bigben]

I am an old bloke with mortgage paid off but iirc it got to 13% when I had it.

My theory is that low interest rates artificially increased the apparent value of houses since with the same monthly payment people could borrow far more but that just meant people still bought the same house they just paid twice as much for it.
All very well when interest rates are so low…

I’m 32 with 3 kids, so needed a suitable house for 5 and the perspective of giving away thousands more a year to a bank isn’t fun! So while it lasted, low rates were quite good for beggars with low capital like me ?
In France, you get a fixed rate for the whole duration of the contract….!
Oh well, one day, I too will be a worry-free old bloke, and I’ll spec purple leather in my green, metal roof car ?

 

[f1eng]

I’m 32 with 3 kids, so needed a suitable house for 5 and the perspective of giving away thousands more a year to a bank isn’t fun! So while it lasted, low rates were quite good for beggars with low capital like me ?
In France, you get a fixed rate for the whole duration of the contract….!
Oh well, one day, I too will be a worry-free old bloke, and I’ll spec purple leather in my green, metal roof car ?

We have 4 children but bought this house when I was 31 and still only had 3 of them. I had a good income but not much capital (we had £30 between us when we got back from our honeymoon).
Prices hadn’t gone stupid due to shortage and low interest rates yet though.

Our children are all older than you (the youngest is 40) and I am horrified about their mortgage costs.

 

[Midlifecrisis]

I am an old bloke with mortgage paid off but iirc it got to 13% when I had it.

My theory is that low interest rates artificially increased the apparent value of houses since with the same monthly payment people could borrow far more but that just meant people still bought the same house they just paid twice as much for it.
All very well when interest rates are so low…

This is absolutely correct. I thought I was the only person to realise this! And the only winners are… the chancellor who collects the stamp duty

 

[Fish Fingers]

I thought all Porsche models were being affected with similar delays.

But it appears the Taycan is specifically badly affected.

https://insideevs.com/news/616425/porsche-taycan-sales-2022q3/amp/

 

[W1NGE]

I thought all Porsche models were being affected with similar delays.

But it appears the Taycan is specifically badly affected.

https://insideevs.com/news/616425/porsche-taycan-sales-2022q3/amp/

More tech more supp)y issues and the most unique shortage would have been the 12v battery as it's unique to the Taycan.

I suspect also that troublesome software held things back.

 

[Deleted member 7514]

I am an old bloke with mortgage paid off but iirc it got to 13% when I had it.

My theory is that low interest rates artificially increased the apparent value of houses since with the same monthly payment people could borrow far more but that just meant people still bought the same house they just paid twice as much for it.
All very well when interest rates are so low…

I had my first mortgage at 9%, prices were reasonable but interest rates high and plenty of negative equity around…

Now prices are high and interest rates are going up…imo the low cost of borrowing has grown the housing market but will have a detrimental long term impact to the economy as no one will want to sell for half what they paid Which is where i think some properties are.

A one bed flat shouldn’t be £500k.

The government can’t let the housing market crash though as that is all their voters.

 

[BigBob]

most unique shortage would have been the 12v battery as it's unique to the Taycan.

Which bright spark thought that would be a good idea?

 

[f1eng]

Which bright spark thought that would be a good idea?

Some young plonker who thinks everything should be “smart”

 

[Rob********]

The government can’t let the housing market crash though as that is all their voters.

Plus, they have far too much invested in the property market and it would screw all their Help to Buy customers.

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