whome_yesyou
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Residential Property Price Index exclusive thread
whome_yesyou replied to 2buyornot2buy's topic in Northern Ireland
What’s the thoughts on the latest RICS report? https://www.rics.org/Global/4._WEB_ April_2018_RICS_UK_Residential_Market_Survey_tp.pdf -
Pay all UK 25-year-olds a £10,000 inheritance
whome_yesyou replied to whome_yesyou's topic in House prices and the economy
Started this thread when this was pitched from some thinktank somewhere. It is now everywhere on the MSM. Looking at the reactions from the media, I'm horrified the majority are thinking it is a viable option and not shooting it down immediately. It is beyond a joke now, why can they not see this is just another scheme to prop up property prices? £10k won't do anything but give people a free deposit without needing to save for it (essentially, welcoming back 100% mortgages). -
Pay all UK 25-year-olds a £10,000 inheritance
whome_yesyou replied to whome_yesyou's topic in House prices and the economy
Looks like they’re pushing this out there again. Someone is looking at this as a serious idea... https://www.theguardian.com/money/2018/may/08/give-millennials-10000-each-to-tackle-generation-gap-says-thinktank -
The politics of high house prices
whome_yesyou replied to Si1's topic in House prices and the economy
Nothing harmonious about Corbyn’s introduction to Labour leader. He is looking to properly shake things up. It’s funny seeing a news article from Blair becoming more and more common. He is terrified of Corbyn having power, and it’s not any concerns for the nation but his own self. I’d bet he is the main instigator for this new mysterious party. -
The politics of high house prices
whome_yesyou replied to Si1's topic in House prices and the economy
Likewise. I’m sure there are others thinking the same way. The establishment have been trying desperately to get rid of Corbyn since he was elected Labour leader in 2015. Countless smear tactics from the MSM, plenty of leadership challenges and constant party in-fighting. There is some stability now within the party, and the establishment have taken the hint that Corbyn is who the Labour members want... so obviously next thing is to try creating another party to split the vote. I’m pretty sure they were talking about a two party split at the time too. I don’t trust them. It wouldn’t surprise me to see Hilary Benn part of this new party setup, since he was given the boot around 2016. I’d love to see Corbyn as PM, just to see Blair tried for those war crimes. -
2018-2019 Better Renting or Buying ?
whome_yesyou replied to RickyM's topic in House prices and the economy
Same position as many here have already stated. I don't have any argument anymore, prices have sky rocketed the last few years when I said it wouldn't. So my voice doesn't really have as much weight to it as it once did, even though it all doesn't make sense. We are now in a world of opposites. The past few months we see BOE issuing warnings of IR rises, or tightening of credit. Then I look outside and there are cranes galore, huge ramp on renovations/flipper projects, lenders advertising all kinds of stupid mortgage deals, new cars on the road everywhere. They aren't tightening from what I can see. Most on this forum didn't predict this spectacular rise in HPI. In fact, the consensus was another "epic crash" around 2015 time. Three years on and we are still none the wiser. It's sickening because TPTB is obviously manipulating this whole shit show... and for what? they surely know this isn't a healthy path to go down, so what is their end game with credit forever expanding? Many MP's are landlords, if that is not bias towards HPI growth then I don't know what is, can we see this changing at all? Do we really think they would vote for any kind of regulation on something that would affect their pockets? It's seriously frustrating me, and I'm sure I am not the only one. -
According to some thinktank, they are advising we have a £10,000 give-away for 25-year olds. Normally this stuff does not bother me, because I read it and think that will never happen. However, they are subliminally pushing the whole HPI mantra; image of house keys being passed, and it being the main example of how that £10k should be spent. Is this now where we're at? Instead of letting HPI come back down to its natural price level, it is suggested we give every young person a lotto win so that they can use it for buying a house? The mentality of this is truly bewildering. This tells me that they will try everything and anything possible to keep a property bubble from popping, but then we knew that already. https://www.theguardian.com/politics/2018/apr/02/pay-all-uk-25-year-olds-a-10000-inheritance-says-thinktank
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Mortgage approvals in free fall
whome_yesyou replied to Mapatasy's topic in House prices and the economy
Same. Saved, and seeing it evaporate while the careless are sorted with HPI gains. It is now a debt society. I don’t mind steady increases to property, as long as it’s inline with inflation and properly regulated. These volatile boom and busts are no good to anyone... well, boom boom and boom these days all saddled with debt. The inevitable bust will come, but TPTB is making this the slowest ever train crash. It annoyes me that we need to wait for it. Especially after what has happened so recently in 2008. -
But wasn’t 2013 when HPI started to rocket off again?
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Mortgage approvals in free fall
whome_yesyou replied to Mapatasy's topic in House prices and the economy
Is that not an indirect form of QE? Money is created from thin air and loaned out as a mortgage, therefore reducing the value of the money supply pool... maybe I’m misunderstanding it? -
Residential Property Price Index exclusive thread
whome_yesyou replied to 2buyornot2buy's topic in Northern Ireland
Nationwide March 2018 It’s showing NI as the strongest performer... what is that all about? -
The Bank Of England Clueless Thread
whome_yesyou replied to interestrateripoff's topic in House prices and the economy
So, you have ultra low rates which has made money cheap for years, therefore causing high levels of unsustained credit card and household debt. And they now need rates to stay low because people in said situation would not be able to pay their debt off? Hmm, surely that is not going to resolve the root-cause of the spiralling debt problem. If only we had regulation for this type of stuff... -
Jeremy Hunt "hoovers up" 7 new flats
whome_yesyou replied to Rentier's topic in House prices and the economy
Well, the majority on here voted for Tory. If most can’t figure out what the Tories are going to do in advance, then how can they figure out the economy/housing market... -
Jeremy Hunt "hoovers up" 7 new flats
whome_yesyou replied to Rentier's topic in House prices and the economy
I know this goes on with a lot of MPs, but why is this not illegal? Is there not insider information or a conflict of interest? -
Low deposit mortgages make a comeback
whome_yesyou replied to Quicken's topic in House prices and the economy
Is this the type of tightening they were talking about? -
There is no doubt understood what they’re signing up for. Just their grand plan of making a profit for little cost did not work out too well, so it’s easier to play dumb and claim against the lender. It’s all too predictable now. The system is favouring the feckless and there is nothing going to stop that in the near future, if only I’d have known this 8 years ago...
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The markets immediately dropped after the news, and then recovered before closing (at least for the US stock market)... so the markets must have thought it wasn't all bad. Situation could escalate of course, which would make things interesting. At the time being, I wouldn't think this would be a root-cause of a "crash" though. Ah, didn't realise their election results were tomorrow.
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What makes you think that? Not saying you are wrong, I've just heard so many bold predictions which never amounted to anything other than the opposite.
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Is that new mortgages, or remortgages?
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Media articles NORTHERN IRELAND Hpc Related
whome_yesyou replied to Vespasian's topic in Northern Ireland
I miss shoto’s regular posts keeping us up-to-date with local developments. 4 out of 30 companies? “instability caused by a joint venture partner in Great Britain” - could this be a Carillion ripple? -
Anytime thread is bounced up, I think there might be news on a further downturn. Instead, it’s all about itunes...
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Based on what? Personally I don’t think we left the recession, but figures are only showing otherwise due to QE, and other debt induced schemes.
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- asset price bubbles
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