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Harry Sacks

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Everything posted by Harry Sacks

  1. Lots of "the alternative is a socialist hell" and "it's simple economics" arguments. They have a Facebook page. It would be a shame if anyone challenged them in the comments. https://helmores.com/are-buy-to-let-landlords-to-blame-for-mid-devons-housing-crisis/?fbclid=IwAR19rM3LSuZQ09p5kRPunfz_8pHS-Hm0KRFTSgRvPRUnCnsgCqoXw-MeOUw
  2. When I was thrown to the wolves as an owner-occupier of 20 years, I found it almost impossible to find somewhere. 95% of everything I looked at was through an agent who wanted proof of income, credit check, references, etc. I can see how someone with four kids would look for a two or three bed to make do and keep costs down. However, if the agent was in the slightest doubt they wouldn't return their call.
  3. QE has given us a recession without the repossessions.
  4. Anyone have a guess at what will replace the CAP? I live in a rural community (pro Leave, obviously!) but no one has a clue what's coming. It's a bit weird because I know people who wouldn't have a viable business without the single farm payment.
  5. There's no profit for the people who pull the strings. I'm not sure if there would be any economic growth in the UK in the absence of residential land inflation. Mortgages or QE, the inflation is hidden in assets. For the most part, the gains are never fully realised for the vast majority of people, even after they die.
  6. There's certainly truth in that. However, as time has passed, it's pretty clear that Brexit is nothing more than a massive looting exercise by the same "investment class" that were bailed-out ten years ago. The people that have been most affected by the subsequent austerity and wage stagnation seem to be the ones still supporting the idea that they'll be better off outside the EU.
  7. Yes, this is what has happened and will no doubt continue. And, as before, inflation (outside of asset markets) will be negligible. It's a symbiotic relationship between asset markets and CBs. Wealth will continue to concentrate while incomes for the majority stagnate. However, discontent in the lower ranks is still the major risk. Expect more private prisons and policing services.
  8. Doesn't that idea go back to the original merchant class wanting the asset protection but not the bill? They create the money and lend it at interest to their appointed government. Win-win.
  9. Yes. And with a monetary system that is constantly pulling future value into the present and inflating prices beyond wage growth, it's inevitable. But it's so much easier to point the finger at single mums.
  10. Tax Credits have been around since 1997? The UK birth rate is currently the lowest since records began.
  11. Work doing what? Digging holes and filling them in again? I wager over 50% of jobs are utterly pointless with a net external cost to wider society. Most of humanity's problems stem from over production/consumption. Why is there this cultural dogma about constantly working?
  12. "Far from the stereotype of the wealthy property baron, most private landlords invest in residential property to provide for their future and their family's in the form of supplementing a pension or establishing a business." By taking it from someone's future.
  13. How about an economy based around creating wealth instead of creating money?
  14. Won't the buildings inspector make the final decision on what spec the foundation will be?
  15. Taxing productive income is highly regressive, no doubt. But with Western economies shifting towards employment though unearned income (rent seeking) the upshot probably more destructive than taxing production, If earnings are funneled into unproductive asset markets.
  16. Money laundering. https://www.housepricecrash.co.uk/forum/index.php?/topic/232739-londons-dirty-russian-money/
  17. As long as more value can be pulled into the present from the future, GDP should rise. However, if the ability to service that borrowed value can't keep up, it will fall.
  18. Have they though? Or have EU commercial banks financed consumption on the back of converging yields?
  19. "First, prosperity is already in marked decline in almost all Western economies, typically having peaked between 2000 and 2007. The only significant exception to this pattern is Germany, largely because of the benefits conferred on the Germany economy by the euro system. " Not really. it's financial system is decentralised with over 1500 small and NFP banks.rather than an oligopoly. Regulation favors production and not speculation and they make really high quality gear that everyone wants.
  20. or while running LTD companies and taking full advantage of tax deductions....
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