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
>
> peter@webc... 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
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