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Comment #1783271 by Buckwheat MacMillan

Buckwheat MacMillan Nov 7th 2013, 7:16 PM #

I’m sure you wait wait eagerly until that day ASN!

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Read the article where this comment appeared:

All-time low: ECB cuts its main interest in boost to tracker mortgage holders

All-time low: ECB cuts its main interest in boost to tracker mortgage holders

ECB president Mario Draghi has cut the rate for the fifth time in two years.

Comment thread:

  • Anti_Social_Network Nov 7th 2013, 1:30 PM #

    Great news for some.
    Make the most of it The money you have been paying for them is going to become worthless!

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    • jgrcb Nov 7th 2013, 3:35 PM #

      Feck… how?

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    • Anti_Social_Network Nov 7th 2013, 4:25 PM #

      A tin of baked beans is going to end up costing 6euro each – electric water costs will rise up
      To use a typical example-
      Your (excuse the generalisation) shoe box house bought for 300k and now worth 100k is worth far less than it was – but you will be able to afford the easy repayments.
      You will probably find solace in the fact that people renting will also have to fork out rent and buy 6euro cans of beans. But isnt that how the property boom occured. Rising social mobility founded on people swapping houses but giving banks commission each time through loans?

      You will by 2020 have probably done better to buy 1000 tins of baked beans assuming the best before date holds out.

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    • jgrcb Nov 7th 2013, 4:42 PM #

      And no more drugs for you today.

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    • Anti_Social_Network Nov 7th 2013, 6:22 PM #

      You will be on here crying that FG or FF or anyone else for that matter is to blame for your tracker .
      Why didn’t somebody tell you interest rates were going to go up to 8 percent!

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    • Buckwheat MacMillan Nov 7th 2013, 7:16 PM #

      I’m sure you wait wait eagerly until that day ASN!

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