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House Price Crash Forum


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About NiceLilEarner

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  1. No wonder the people who own and run this country hate Europe so much - right there on our doorstep, proof beyond doubt that there is an alternative to the class-ridden, deregulated, lager-sodden debt train that is the Englishman's lot.
  2. It seems to be part of an EU wide attempt to bring stability and consistency to patterns of lending and credit; a sensible enough thing to do, bearing in mind that the first part of the current crisis was down to irresponsible lending in the property market. I suspect only the UK will be holding out against the idea of sensible regulation and control of speculation in the property market - you only need to Google 'Eu Regulation BTL' to read the yellow shriek of outrage from this country's vested interests. More depressingly, they will probably get their way, and Britain will win another famous 'exemption'.
  3. Not sure if this subject has already been posted, but if not, heres a link that takes you into the belly of the BTL beast. Eurohaters take note; its hard to imagine our own crapulent legislators coming up with a proposal like this. My link
  4. Hes getting nervous about all this financial transactions tax talk (or his bankster mates are, and they have prodded him out onto the stage to say something hostile about the Germans).
  5. The man is walking, talking proof of the Bundesbanks wisdom in resisting meddling, politicised, printy printy central banking.
  6. What has changed is Germany's willingness to acquiesce to the wishes of its neighbours. We have grown so used to Bonn, and now Berlin, staying 'on message' that any assertiveness at all from the country is interpreted as a declaration of war by the media.
  7. Mervs comments possess the same intellectual rigour as Cameron's; insisting that the success of the Eurozone is necessary for the sake of our own economy, then gloating over the crisis and refusing to offer assistance. I predict stern words behind closed doors in Berlin on Friday. Cameron will already be practicing his fixed grin and 'we have had serious discussions and I made my views clear..' routine for the cameras afterwards.
  8. The proposed legislation looks like a good example of the EU intervening to protect the British people from their own government. There are other examples - human rights , for instance, and meaningful restrictions on the City. No wonder Cameron looks all pink and frowny, and Osborne all pale and sweaty, at summit meetings. The EU also provides the only meaningful political opposition in this country, since Labour abandoned the job (take your pick when that happened - 5, 10, 20, 30 years ago).
  9. Another predictable thread from the euro-haters. They start with prejudice thinly wrapped in the latest headlines, and end with xenophobia messily unpacked all over the floor (with maps). Nothing, of course, about house prices, or the impact on the UK economy, so why the mods don't banish this stuff beats me. On the topic, I suspect Angela Merkel is managing expectations; she needs change from her Eurozone partners and agreement from her own people, which means leading both to the edge of the abyss and forcing them to face consequences. It seems to be working so far in both Greece and Italy. Floating ideas like Greece exiting the Eurozone, and a two speed Europe, are part of this strategy, and we can expect more of the same going forward. Incrementally, it will produce the change the Eurozone needs (and maybe some exits), but will not be accomplished in the single big hit the greedy markets are looking for. Instead of gloating about problems on the continent, we should be worrying about the complete lack of influence our government is having over this process, and the long term consequences Britain is likely to face from a more compact, integrated Eurozone.
  10. "The new economy we're building: it's like building a house. The most important part is the part you can't see – the foundations that make it stable. Slowly, but surely, we're laying the foundations for a better future". I thought he was meant to be rebalancing the economy. A better choice, surely, would be building a Rolls Royce aero engine, or even a public building like a school or hospital. But no, its got to be bricks and mortar, with all the promise of the next property bubble that lies beyond. He goes on to add: "Because we're not in the Euro, we can lay these foundations ourselves: on our own terms; in our own way". That probably means too much sand mixed into the mortar. I recommend a comprehensive structural survey for any future buyers.
  11. Nah. Britain has the moral high ground, dontcha know. Our house is in order, the banks and housing market have been sorted. The credit rating agencies are beyond reproach too; allegations about their misvaluation of worthless derivatives can be disregarded. Laugh it up, Toryboys.
  12. Had to predict something that could be a decade away. The only thing that is certain is that it won't happen in 6 weeks, no matter how much George Osborne demands it, and it won't be designed to save the UK's house price bubble (no matter how much George Osborne wishes it).
  13. Gary Gibbon made an interesting point about 'credit easing' on C4 news yesterday; apparently the idea had been raised a year ago in a report commissioned by the Tories, but was then nixed by Osborne because it was seen as a distraction from 'Plan A'. Now, in desperation, it is being resurrected and the detail (which could have been worked out by now if the original report had been followed up) is being made up on the hoof - which probably explains the minister's unconvincing performance. Shows how threadbare the Coalition is becoming barely halfway into their term in office.
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