ARENAPUA
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Anyone seriously thinking of emigrating?
ARENAPUA replied to winkie's topic in House prices and the economy
If i was in my 20/30's I'd seriously consider moving abroad. -
UK House Prices to fall For 2 years
ARENAPUA replied to Zzzzzzzzzzzzzzzzzzzzzzzzzz's topic in House prices and the economy
Not when they restart printy printy. -
Maybe because they know what's going to happen? Next step....extend the duration of mortgages to 50 years/intergenerational. I keep saying this - the Government/powers that be will NEVER allow anything other than marginal house price falls. Should have got in while you could - I've missed out, thinking the right thing would be done. I've given up hope on home ownership now.
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Truss slapped down by US
ARENAPUA replied to Mikhail Liebenstein's topic in House prices and the economy
They hate the Uk anyway - f*ck 'em. -
UK Property Lion calls the top.
ARENAPUA replied to TheCountOfNowhere's topic in House prices and the economy
Won't be allowed. They'll just push through the 50 year mortgages idea to keep things going. Preventing a crash by any means necessary is a non-negotiable policy for all parties now. -
Intergenerational mortgage Prop arrives
ARENAPUA replied to hurlerontheditch's topic in House prices and the economy
Highly likely if people are complacent and keep quiet. Which they will be. -
Intergenerational mortgage Prop arrives
ARENAPUA replied to hurlerontheditch's topic in House prices and the economy
Wake up. House prices are never going to be allowed to revert to the mean. After the lengths the government/BoE has gone to in the last 11 years to keep the Ponzi scheme afloat, nothing surprises me anymore. They’re going all in. Get onboard before it’s too late. At age 51 now, I am. https://www.dailymail.co.uk/news/article-10974931/Families-offered-mortgages-50-YEARS-pass-children.html?fbclid=IwAR0w8KKtJlnYGaquCbQatD91pEMlpzbrsNmb0UtT9_9rM8l-KetIyzEk3_E -
Ain’t gonna happen, the government won’t let it. Extended mortgage periods, increased multiple of salaries, inter-generational mortgages; Lloyds Bank, John Lewis and no doubt Blackrock soon will enter the frey and hoover up new builds @ 25% above asking price just like the US. I’ve been waiting too long for the right thing to happen, and have been repeatedly surprised at the extent to which the government/central banks will go to keep the debt based Ponzi scheme going. If you can afford to, you should buy.
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Exactly. And let’s be clear here, higher prices allow governments to inflate away their debts. It’s in their best interests. Albeit it’s at the expense of future generations. They don’t give a shit about us.
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Message for the doubters...
ARENAPUA replied to TheCountOfNowhere's topic in House prices and the economy
And they suffered horrendously for it. No party wants to be the next one. -
Boomers/Pensioners only. But all parties mistakenly assume it’s all homeowners. Which is obviously changing.
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It’s in every central banks’ interest to inflate away their debts at the expense of retail. The government won’t tolerate house price falls as we veer towards a new election in a couple of years. It’s naive to think the ‘right’ thing will happen. We’ve been here several times before. House prices will keep rising for the next few years.
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Message for the doubters...
ARENAPUA replied to TheCountOfNowhere's topic in House prices and the economy
You’re forgetting that no single government is prepared to be seen as the party that let house prices fall. You can’t taper a Ponzi. Next step is 5.5x salary multiples. I hate to say it but I really do believe houses are too big to fail. -
You can't blame the Tories specifically. Labour would do exactly the same - and actively promoted the house price boom of the 2000's. Remember 110% mortgages? Whose watch was that on. And it was Labour who bailed out the banks in 2008, with no criminal prosecutions, and subsequent creation of moral hazard.
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What I'd like to do is for someone to start a new political party with correcting the housing market - ie no government interference, no land banking, limiting access to foreign buyers, limiting the amount people can borrow etc - as their core policy. I do feel there is a huge number of people that are educated and don't want this interference, but they are being ignored. And collectively they would have immense voting power. I have thought about looking into it myself but wouldn't know where to start, and would have no idea what to call the party lol.