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House Price Crash Forum


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About Blod

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  1. Those would look good on T shirts. They could be worn to their trade shows.
  2. The issue was created at the time of ‘the big bang’. Across the world changes were permitted which previously kept credit pricing real to be swept away. In the following decades banks were able to reduce the cost of credit. People rejoiced, credit cards all round and everyone can get a mortgage without realising the toxic economic environment fermenting. Interest rates were miss priced by only a few percent but the effects have been massive HPI and the destruction of industrial innovation.
  3. His honesty is commendable, they know they’ve rogered the country and are now predicting the effects of their actions.
  4. A bedsit houses many. Ownership is immaterial it is the density of occupation that matters.
  5. Though many migrants may either chose or be forced to live in swatty bedsits the few who purchase are used as a fig leaf to cover cheap credit, the real cause of HPI.
  6. Supply and demand are a convenient excuse to hide the effect of cheap credit on the housing market.
  7. And unbelievably the master plan for the EU is to allow financialization of residential mortgages across whole swathes of Europe where housing booms have yet to price out the inhabitants.
  8. Just listen to complaints about the housing crisis, there just aren't any about lack of choice, it's always cost. We need to stop the meme that building more unaffordable homes will solve this, everyone knows it won't, it's just a delaying tactic. I agree the one and only solution is control of credit. We are now at a point where this is becoming apparent to the public, the banks will fight tooth and nail to stop this gaining traction, we need to stop lying to ourselves that we can build our way out of this and and make sure we support the truth, control credit is the only way.
  9. But it's racist to link pressure on housing with migration, innit.
  10. Certainly looks like a more balance article from the BBC for once. I remember when their map of affordability used to include shared ownership. Despite discovering the the deaths caused by air pollution we now chose to build over the green belt. Not that build more housing will solve the housing crisis as only about six percent of new homes are classed as affordable. The one bitter pill that is never mentioned is allowing a price correction, as that would solve many issues in one go.
  11. "Abstract This article examines the effects of implementing the proposals of the European Commission to institute a Capital Market Union (CMU) on the diverse landscape of residential capitalism in Europe. The CMU will bypass existing national institutional blockades that left core countries of the Eurozone, namely Germany, France and Italy, largely untouched by the housing-centred financialization that developed in countries like Spain, Ireland, the UK and the Netherlands. It is widely acknowledged that the rise in securitized mortgage debt contributed to the global financial crisis. As part of the CMU, the new European Commission is promoting mortgage securitization throughout the EU and thereby rescaling the political economy of housing finance that was hitherto rooted in national, institutional models. We argue that countries which ‘missed’ the previous housing boom will not be able to prevent future housing-centred financialization. CMU thus signifies a spatial expansion of the debt-led accumulation model." How thoughtful of the EU to make sure the whole of Europe can share the joys of house price booms.
  12. It tells a lot that a story already covered is released again with more spin whilst KSA issues are ignored. Real journalism has all but died. Manufacturing of news is what we are feed.
  13. What about all the BTLer. Many rent to family and some are even claiming housing benefit, plus all those beds in sheds across West London.
  14. Isn't amazing a near decade of rent increases whilst rates were static and hardly any questioning from our media. No wonder they're scared their lack of integrity is about to be revealed. I noticed how James O'Brien was just concerned about mortgages going up.
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