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Everything posted by dances with sheeple
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Yes, but his wealth will make him a target of anger as people see their mortgage and other bills rocket while he tools about in his Bentley, the British are like this, it is the Tall Poppy Syndrome or whatever you call it, people would tolerate anything when their property was making them lots of money, now they are losing this guy will be the target of all that weird debt serf emotion that people carry around with them.
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No, they paid attention when men came back from WW1 and 2 and demanded better housing etc. and it wasn`t a sham when workers rights, welfare state, NHS etc. were brought into being, was it a sham during Brexit or Scottish Independence? Both those things look to me like the voting public derailing a favoured agenda of elites.
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No, bankers set up the deal they didn`t force people to participate (unless you subscribe to the idea that renting is so terrible that people were "forced" into mortgage debt) you can`t run a debt scam without debt diddies willing to take part, the public are more to blame than the bankers IMO, the public can shut down the bankers overnight if they wanted to.
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One simple way to "strengthen" it would have been barriers to prevent collision, and I`m sure an engineer can tell us if it is possible to install "breaks" so that one portion could collapse without the rest also collapsing, a bridge with appropriate barriers is essentially collision proof because the ship would collide with the barrier not the bridge, aircraft are much more crash proof than they used to be and you can make most things in a house fire-proof and install good smoke alarms as an extra safeguard.
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Yep, and because of the long wait and the desire to see the property bubble collapse on here people are not really processing how important that actually is IMO, it is psychologically massive for the borrowing masses, many just don`t know WTF is going on and are waiting for rates to go back to 1% or lower.
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I think the U.S said that in the 90`s then got caught out, the U.K said it in the early 90`s and got very badly caught out, never say never........many people on forums like MSE/Mumsnet etc. said we would never get over 5% base rate, they are VERY quiet now, MSE property pages are tumbleweed nowadays, now that all the Trolls have packed up and left.
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What will collapse next....
dances with sheeple replied to TheCountOfNowhere's topic in House prices and the economy
As young people lose retail, pub/club etc. jobs many will be forced back to parents, this is massive for BTL, new people won`t come to the country if they see job losses mounting either, this property bubble is going to cause carnage in the real economy as it unwinds. -
The people at the higher levels in banking, trading etc. won`t enjoy the same level of income or status when it all falls apart, hence they are driving the constant narrative that rate cuts will bail everyone out, they need the sheeple to keep paying and taking debt. Average Joe will bumble along as usual after it all pops, with a little bit of status deflation and a lot more debt and maybe a mental health crisis or two thrown in, but the world won`t end because dummies stop borrowing decades of debt for bricks and a roof. Future generations will just laugh at this nonsense TBH, they will probably be facing the planet deciding to wipe out large numbers of humans anyway, luring some mug with a "makeover" and an air-freshener won`t be high on their priority list.