On Fri, 27 Jul 2007 14:23, Robert martin wrote: > Agreed that there are issues. However all that much really. Changes in > situation are handled as badly / well as the current interest rate > changes. Personally I would rather have it that when my repayments went > up I actually got some benefits from it! > > Re people re locking after there fixed term expires, so be it. The > issue is to reduce peoples money now rather than in two years time (the > OCRs effect). Yesterdays rate rise wont effect 50% of the mortgage > population for 1.5 - 2 yrs, by that time the economy may be quite > different.
The problem with your logic is, that you only get a "one-off" benefit. ie after the first year everything is just as it was previously. Your suggestion, that the economy might be different in 2 years , so it's ok to ignore the future and choose a solution with no on-going benefits, is rather short-sighted. The economy could be worse in 2 years! It sounds like programming to the implementation rather than the interface to me. > > The current OCR system is a much blunter instrument (sledge hammer) than > my suggestion. > > It is a suggestion and one that will go nowhere as the experts have a > vested interest to not make it a workable system. I am sure that this > or something similar could be developed by economists that would work > nicely alongside the OCR. > > > Rob Martin > Software Engineer > > phone +64 03 377 0495 > fax +64 03 377 0496 > web www.chreos.com > > Wild Software Ltd > > [EMAIL PROTECTED] wrote: > >> It would be a minefield to try to regulate an individual's debt/equity > >> ratios like that. > > > > Agreed. Quite apart from possible rorting, you get in a mess of > > regulatory trouble to cope with real life needs, such as a change in > > financial situation requiring an interest-only holiday, or whatever. > > Sledgehammers are for nuts. > > > > cheers, > > peter > > > > =========================================== > > Peter Hyde, Development Director > > * http://TurboNote.com -- top-rated onscreen sticky notes > > * TCompress components for Delphi/.NET/Kylix/C++ @ > > http://webcentre.co.nz > > * FREE global search and replace utility: > > http://turbonote.com/tnTurboSR > > > > _______________________________________________ > > NZ Borland Developers Group Offtopic mailing list > > Post: Offtopic@delphi.org.nz > > Admin: http://delphi.org.nz/mailman/listinfo/offtopic > > Unsubscribe: send an email to [EMAIL PROTECTED] with > > Subject: unsubscribe > > _______________________________________________ > NZ Borland Developers Group Offtopic mailing list > Post: Offtopic@delphi.org.nz > Admin: http://delphi.org.nz/mailman/listinfo/offtopic > Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: > unsubscribe _______________________________________________ NZ Borland Developers Group Offtopic mailing list Post: Offtopic@delphi.org.nz Admin: http://delphi.org.nz/mailman/listinfo/offtopic Unsubscribe: send an email to [EMAIL PROTECTED] with Subject: unsubscribe
