Saturday, Jan 26, 2013

Move house, fit new bathroom but don't pay your mortgage off

Channel 4 News: Getting and spending - the key to recovery

Apparently we don't move house often enough as a society and are failing to invest in new bathrooms every time we move, if we fixed these two minor issues all will be well. But one thing we must not do is pay off our mortgages early as this deprives the economy of money we could have otherwise spent on stuff.

Posted by enuii @ 10:48 AM (2590 views) Add Comment

1 Comment

1. Jackdaw said...

These people - politicians - the treasury - bank of england - having lost income from their false golden goose - the city - now want indebted individuals to pick up the slack. They can't do it - they don't have the means - wages are becoming ever lower against inflation - house prices are still artificially high. What do these people want? - they want you to work for a bowl of rice - they don't want you to pay off your debt - they want you enslaved to a sytem that supports inequality - huge benefits for the few at the expense of the many.

The solution is a reset in tne price of land - via a LVT - the benefits are obvious. But instead the masses will be starved into submission if necessary.

Sunday, January 27, 2013 01:15PM Report Comment

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