Debbiebegood

Why should we trust any of the regime's claims/statistics? One day we will all discover that it was all- lies.

+1

All the wrongs with this regime for the past many years have nothing to do with Socialism. To start with, in Socialism, the losses are shared but also the profits are shared. Not to mention that banks and VI's did not have the licence to invent the money on the computer and then not to invest it into real economy but into their own assets which are houses.

Obviously it is not enough for crooks ( who use government as window dressing) that only 3% of money in circulation is in cash. ( BBC quote a decade ago. Nowadays it is surely less than 1% after QE's ,FLS, etc.) They now want to totally eradicate cash and our freedoms in the process. For them, even the world is not enough.

+1Sheeple do not know the difference, but also they do not care about it. Just get the mortgage/remortgage and be done with it.

Yep. ZZ Top was right, after all.

+1Spot on

No. It was former Yugoslavia were my father worked for several years.

This biggest robbery since the humans left the caves has nothing to do with Socialism.There is a widespread misunderstanding that Socialism = widespread subsidy, which is totally wrong. In Socialism you get free education and a good career (well paid also) only if you study hard. It has nothing to do whether your parents had funds to send you into the private School where you can get "connected". Also, the banks and so called "financial services" were free of corruption and were not endlessly subsidised by taxpayers. Also, there was no "Help to buy",etc. I know all this because I lived in Socialism, and in many respects it is much more superior to this "new world order" (cannot call it Capitalism)

I do not believe that MMR brought any substantial effect on reducing number of liar loans both on mortgages and remortgages. I know of several people that got mortgage or remortgage on liar basis. Allegedly, they remortgaged him on the basis of his CV only. Other person got mortgage without proof of steady (and sufficient) income. She is a hairdresser working from home (evenings only, not weekends, no receipts) and got herself £150k mortgage! Both are in London where "equity" forever rises, but still you should provide evidence that you can pay the mortgage, right? MMR is just a window dressing.

Con's campaign bus pictured yesterday:

Con's campaign bus pictured yesterday:

The more complex the web of debt, the more sheeple are turned into debt slaves by using money invented on the computer on an hourly basis. Eventually, even the non-sheeple will get caught up in a debt because they can't compete with willing slaves. I can't work for such a low salary (pocket money) whilst purchasing such expensive car, house or holiday without- high debt. Even maintaining the frugal lifestyle becomes increasingly difficult because of willing slaves to take on huge debt. Without a vast computer power, how could rulers keep the debt tracking on everyone? It is no coincidence that explosion of debt went together with the huge progress of internet and the computer power.

These figures are totally wrong. They do not include funny money (QE,.. etc that went into hedge funds,...) Just the Deutche Bank has around £80 trllion in derivatives, not to mention other banks. Another source (BBC) stated 3 years ago ( it is now probably much more extreme) that out of all types of funny money markets there is the derivatives market. Out of all derivatives markets, just one type of derivatives markets is "worth" 10 times more than the WHOLE planet Earth's GDP! Who owns derivatives and other funny money markets?- Obviously 1% enters. Hence, situation is much worse than OXFAM states. Quote MultiQuote

Bravo! Anyone who is doing any real stuff is so disrespected here and even persecuted with poor job prospects, low salary,..

Russian ( or other oligarchs) is not causing these bubbles.Plenty of evidence for that: there were bubles constantly frothing for the past 17 years ( and before) both in London and the rest of UK - oligarchs were not buying in those days and there were not that many oligarchs then anyway.,,,Each time the Government introduced any prop ups (QE , Help to buy, FLS, backdoor schemes,..) house prices have gone up. Surely, there were no ques of oligarchs forming to buy the house coinciding with the above Government schemes. Also, I live in zone 2/3 London and have not seen those oligarchs or their kids buying here for all these years. Instead, it is Help to buy, etc. debt slaves " buying" these criminal and illegally built properties ( window is 10 feet from the passing train in "exclusive development or almost built on the roundabout) where the density of population far exceeds the common sense and building regulations. Anyhow, I am sure that these oligarchs also take the substantial mortgage from UK banks, hence we are all on hook for their debts. And you can be pretty sure that these oligarchs are not into BTL.

The very same c**p about us passing the debt on to our kids Cons were saying on posters almost 5 years ago before election. The Government (regardless of the party) and VI's always have to take a p**s on us and insult our intelligence in addition to all the damage and theft they have been doing

+1 Awesome

Spot on. It is not that they want to own just houses.They own metal market ( Coca cola sued Goldman sachs for manipulating price of aluminium by creating artificial lack of aluminium), oil tankers which dock only when there is lack of oil on the mainland,...Rolling Stone website stated all the above.

Conservative woman who was on Treasury comitee for 4 years is against the Positive money proposals, because banks are already regulated heavily, etc. because banks only " create" loans which they " know" will be repaid. She also said that " new inovative approaches" are needed like more banks that will bring " choice, competition and diversity", crypto currencies, that banks should be allowed to supply the money which economy " needs", that in future the savings will not be needed to create loans hence bank of mum and dad will not be "needed", and lot of other nonsense including how Conservarives have saved the banking system and all of us. Anothet Conservative MP totally agreed with her above nonsense.

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They do not think like you and me.They have the licence to invent the money hence it does not cost them anything to "buy" (or maintain) these properties. Also, they can easily carry on "investing" even if they have no profit (after maintenance/managing costs are deducted from the rent money) simply because they - invent the virtual money. The same way also the banks can operate indefinitely even if they charge 0% on their loans/mortgages because borrowers still have to pay back the principal sum which was created out of nothing on the computer. That is the very reason why a friend of mine was offered (by the mortgage broker) more than 6x salary multiple (salary £30k offered £190k ) just a few days ago on a teaser interest rate.So much for MMR rules! They know that he will never be able to pay it off, but he would happily exchange his labour for a virtual money offered by the bank for the rest of his life. Their virtual money (including QE) needs to be parked somewhere. All the above are reasons why there are lower and lower yields anywhere you invest, whilst the house prices go up all the time.

Property consortium bought London estate "In 2014, Benton's family firm was part of a property consortium that purchased New Era estate, one of the last affordable housing estates for working-class Londoners. The consortium increased the rents and announced plans to increase them further to match the rest of the market, effectively displacing its current residents.[17] Following negative publicity and protests by the tenants, Benyon Estate announced that it would sell its stake in the consortium back to the landlord, a New York–based property investment company." http://en.wikipedia.org/wiki/Richard_Benyon http://www.mirror.co.uk/news/uk-news/prime-minister-grilled-over-tory-3802038 It is not pub BS. See the above link which was already reported on this forum. Do you know how much rent is involved in letting 100's of homes? So why are also the Wall street funds buying 100's of properties across USA? (That was reported on this forum 2 years ago) Surely they will find enough QE money to "buy" them, maintain them and let them out. The end game is sky high house prices which no one can afford apart from the above "funds" and banks from which we can only rent, hence forever dependant debt slaves.

I stated on this forum many times that private equity firms and hedge funds are buying up tens of thousands of vacant houses to sell as single-family rental homes. There was also an anecdotal evidence (a few years back reported on this forum) that the same thing (City funds are buying 100's of homes in North England through proxies and that they do not ask the price,they just buy) is happening in the UK, and that is one of the reasons why UK house prices have been maintained high and went higher. Despite all the above, the majority of HPCers seem to disbelieve the above. I hope that the people will finally wake up.