Debbiebegood
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Posts posted by Debbiebegood
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?? There are scores of them in Westminster - Blair himself was a barrister.
The EU is probably deliberately made unpopular by them because it is more difficult for our "great and good" to fleece, as there are a multitude of well connected foreign noses already in the trough.
If you seriously think that you, as a mere lowly pleb would be any better off out of the EU, you are very much mistaken.
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How many years have UK papers been spouting 'End of the Euro' propaganda?
Breaking up the Euro is going to solve nothing. If Greece had it's own currency, where would it be now? Hyper inflating, bankrupt unworkable?
I much prefer the Euro over the Pound, it has backing of many countries, it is difficult to suddenly start printing, it holds it's value better than the pound!
Every time I make a post like this all the HPC'ers come out with their brainwashed views of why the Euro's bad. You have to ask yourself exactly who it's bad for as it's certainly not savers or HPC'ers.
If the UK had been in the Euro you would have had your property crash a long time ago as the UK VI's wouldn't have had so much room to manoeuvre.
I am also one of the few who see nothing wrong with free movement in Europe - yes that right you're free to move to the land of milk and honey where the sun shines if you like. Take advantage of the opportunity before the boomers vote in UKIP and remove that opportunity from you.
Have a nice day all.
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No matter how much they fanny around with it, it will eventually fall apart. So it's not a matter of if, it's when will it fall apart?
The answer is... not on my watch.
You can't base your economy on selling the same thing over, and over again, at a higher price, while wages stay the same!
Every time they intervene they push the time scale along some, but make the inevitable crash even worse. Just grab some popcorn, sit back, relax and be entertained.
They have put it in plain writing right there in front of you... "nobody can afford our insane house prices".... "Who will buy at these prices".... "too expensive"....
"It's a housing shortage, not enough land/house building"..... Strange? I don't trip over millions of people living on the street because there are no houses around?
You have the boomer generation buying, (anything that isn't nailed down) with their un-earnt equity from their original house purchase of £5,000 in the 1970's. Taking all the starter homes and then renting them out to each others children while calling themselves canny investors and refusing any house building in any area.
It's like the great famine in China, we can't eat our own children, so you eat ours and we will eat yours.
I'm so pissed off with it all, they make out like it's some great unfolding maze of opportunity, while it's a piece of shit treadmill, meant to keep us all in our place.
Yes.I have been saying the same all along.There are no masses of people sleeping on the pavements in the middle of the night because "there is a shortage of houses".
There will always be a shortage of goods which people cannot afford.I live in London zone 2, and for the past 7 years I've wasted a great deal of my time and energy trying to find something decent/value for money to no avail.
Blaming the external enemy (rich foreign buyers) is a total nonsense and lies that the VI's and government + media peddles in order to divert attention from the real culprits-them.In my street/area the prices are totally insane for all these years apart from crash in 2009.
There are NO rich Russian/Chinese olligarch that moved into my area or the natives that sold them their expensive Marble Arch properties.Instead, it is natives that moved into this area who got mortgages on 11+ multiples of their salaries on liar loans or shady " investors" who buy the properties in bulk ( and do not ask for the price) on BEHALF
of dodgy City funds/investors who are getting funding from "special liquidity scheme" or "funding for lending),or HTB,..
That is the very reason why HTB is up to £600k and applies to London.
Let's not be naive and think that the same HTB rules apply to us and them.Not to mention FLS which it is not only the banks that flog it.You can also be a " City fund" in order to flog it.Both above facts were already anegsotally mentioned on this forum (bulk buyers on behalf of the City funds and who also flogs FLS).I live in the epicentre of this idiotic hysteria in my area and I can confirm those HPCers who said above
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"Much of what's driven in London, of course, is not mortgage-driven but is cash-driven."
"It's driven, in many cases, by foreign buyers. We, as a central bank, can't influence that."
I'm genuinely baffled that a supposed senior economist doesn't understand (or won't acknowledge) how interest rates influence what rich people do with their cash! The majority of these cash buyers would simply not buy property with their money if it was earning a decent return from other instruments, like bonds, whose yeilds are of course are directly dependent on central bank policy! i mean WHAT THE F*CK?!
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Anyway, I do not believe in existence of these "cash buyers", and even if that is true, then who are those alleged endless que of people buying houses (slums usually) like mad for huge amounts of cash at totally mad prices for all these years constanly? This myth does not make sense.
What makes sense is that City funds use FLS and HTB via proxy (middle man) to "purchase" these properties.
Also,if these tens of billions of alleged cash are entering the market, then in order to "help hardworking people" compete with all this alleged cash, HTB also has to be infinite and involve unlimited amounts of money.Crazy.
Not to mention that HTB is definitely NOT needed in London if it's housing market is already "strong".
Any way one looks at these stupid comments (and stupid outcomes) it does not make sense, unless one (and many others) are imbecils.
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Just goes to show that the elites that run countries, really don't know where the line is and will push until revolution occurs.
This sort of thing started with workfare in this country, in Greece you are seeing the next stage, it won't end. Once those at the top think they can get away with slavery they won't stop.
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I thought the Chinese were snapping these types of properties up faster than they could be built...
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Empty Shard is a clear evidence that rich Russians and Chinese are NOT the ones that are "snapping" up prime Central London, hence London prices go up due to the "trickle effect".As we all know that it is instead these: HTB,FTB,QE, other schemes behind closed doors to various parasite organisations which are not just banks,...
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I cannot view my profile.Says that I do not "have a permission"
Arghhh
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LIAR LOANS
The ONLY way to "afford" somewhere to live...
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Foreign "rich, savvy investors" are a myth peddled by the VI's and their media.It is banks' shell companies, hedge funds,etc. buying shares and propeties thanks to FLS,QE,HTB,...That way they inflate asking prices without investing their own money (which they did not have in the first place.)
If "demand" is so "high", then why HTB?
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"Love that table, how many different ways of saying "a £100k loan repayment will be £707/month" can the Mail find?"
Love that table, how many different ways of saying "LOOK HOW CHEAP IT IS TO BORROW 100K" - More subliminal messaging/propaganda.
It sounds to me they are trying to talk down the nu-bubble so it's more sustainable without actual doing anything about it.
Judge them on that they say DO.
Yes.I tried to open a new thread about lenders relaxing the mortgage criteria (Daily mail article), a few days ago. but moderators did not put it on.It was also yesterday the same news about FTSE gaining because of the above,hence banks shares are "valued" more as the consequence.
Everything in the media is contradictory and stupid.
The system forces us into debt slavery, and always p****s on us with these stupid,self conflicting "news" and rules and laws,...
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Extend the debt slavery to the next generation.
In the 21st century and in the "developed" country, the dream is having your roof over your head.Miracle of technological advance is not anymore making a computer chip or flying to other planets or advances in medicine.The miracle is "buying" an old slum where coal miners and dockyard workers lived hundreds of years ago.?
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And just to add one more point.. the biggest scroungers in the UK are the bankers and corporate managers who got colossal business subsidies to protect their obscenely high-paid jobs.... and of course the home owners who got effort-free tax-free capital gains of £10k+ a year for decades... and for whose sake austerity is being extended to ensure that interest rates stay low to keep house prices up (singing to the choir here I know)..
The people down on their luck because of the profligacy of the categories above, meanwhile, cost just a few hundred pounds a month each by contrast.... so perhaps when some are looking for *scroungers* to scapegoat, well......
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Knowing how governments work, I can't see your tax bill going down in that scenario. Plus you will pay much more in insurance because of the increase in crime and your 'home' will have to be kitted out like a fortress. Then you get laid off and you're fecked.
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We will always have to pay extortinate amounts of tax even with zero unemployment
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Just take a deep breath and calm down for a moment... instead of falling hook line and sinker for the tory fact-free ideology of *strivers vs scroungers* , just stop and think for a moment and you might come to regard out-of-work benefits less as something that strivers *hand out* to scroungers and more as a form of insurance.. otherwise you might just find yourself falling for the oldest tactic in the ruling class's book ...divide and conquer...
I do trust (hope) you are not daft enough to fall for it...
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Also considering that you will have much tougher competition when you apply for a job due to all those "scroungers" also applying for your job (after they are " nudged" by the Government to look for work).Also consider that you moght lose your job or be reduced to part time work.You might need those benefits to get you through.Anyhow, benefits for the masses are dwarfed by the benefits for banks/pfi etc which run into trillions.
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" the strength of Ireland's international reputation" What? 12,5 % unemployment and the total mortgages in arrears and permanently restructured 20% +
Who is buying Ireland 10-year bond's for 3.54% ?
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This is what I was also asking myself for all these years.Who are those "investors"? It canot be pension funds, which are officially broke, or goverments of other countries.
The answer is "hedge funds" that but with virtual money issued through the QE's and handed on the platter by the Goverments ro these "funds". These "funds" also buy in bulk houses in US and UK. Their "investments" do not make sense, but what have they got to loose? The money they use is not theirs, risks are not theirs. If there is a profit, then it is theirs. These "funds" are also shell companies of the banks.That is "capitalism" in which the whole structure of these cronies is supported by the goverments. Ridicolous and corrupt.
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Drifting off topic, but...
I agree it's bloody hard to save £100k, most people can't do it. But that doesn't categorically mean that people don't understand the value of £100k. What if it's your work and effort that's has been undervalued? What if you (and everyone else who's working for a living) have been undervalued?
If that's the case, then you have already been conned. You have done the work over many years and not been rewarded for it fairly. The cost of things you can buy with that accumulated effort (like a house) is out of your reach permanently because you have not been paid enough.
Is that not what happened 100s of years ago? Serfs worked on the land and others profited from them. They could afford nothing, but that didn't mean that everything was overpriced. It meant that they were underpaid. These days are they not just using debt rather than bonded labour to achieve the same outcome?
It's a dismal scenario, but that's neofeudalism for you.
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I have been saying that for years to many sheeple, but they look at me then as if I am crazy or from planet Nibiru.
Sheeple are the problem, not the system.
It is those sheeple that ruined everything for us (including themselves) with their immense stupidity,egocentrism, ignorance and need for instant gratification provided by endless debt in order to feel like (and look like) their idolised celebrities.
Hence, these are the last days of Rome as has been already pointed out so many times on this forum.
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This is the crux.
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she is on benefits paid by the taxpayers including savers.
Politicians and sheeple always think of benefits as income support,housing benefit,..She gets the housing benefit in the form pf HTB and low interest rates.The rest pf us are forced by the Government to support her with ridiculously low savings interest rates + lower wages + etc and we get as the privilege higher house price if we want to buy the house.Grrrr
HTB is intended for the likes of her. She is one of the "strivers" the Tory party tell us they want to help, that's why their PR department chose her as the poster girl of HTB.
But it turns out that the public don't particularly like these kind of people very much, and certainly don't think that they should be entitled to benefits from the tax payer.
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Yes, I agree, it seems like a schoolboy error. EAs aren't exactly everyone's favourite profession, but I think it just reflects the misjudgement of this policy. It's easy to rally support with the rhetoric of helping "hardworking" people, but as soon as the Tories illustrate who these people actually are, the policy is finally exposed as being unfair.
Nobody likes the idea of people receiving benefits they don't deserve. It doesn't matter if they are city bankers receiving bonuses from bailed-out banks, "chavs" with 25 kids receiving benefits, or aspirational estate agents getting HTB.
When incomes are falling, it all just adds to the perception that everyone else is on the take.
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Government's "mistakes" are not caused by misjudgement,stupidity or incompetence.Everything they do, they plan and they do it deliberately.
No one is that stupid or incompetent.People in power are firstly and foremostly arrogant (and also on drugs) and they p**s on all of us and they are enjoying it because STILL no one protests after everything they did to people who inhabit this island.
They always have to take a p**s both with their statements and their actions, hence they say they "help" "hardworking people" (meaning that they will make people to work really hard until they are 80 in order to pay back astronomical debts which were invented by the Government) , they destroyed NHS and the economy.
(if they put just QE's £375bn into the small/medium businesses, and if only 10 % of those businesses were successful, UK's gdp would have been on the right track.Even an idiot who only knows how to fold towels would have seen that.But Osborne (that might be his only useful skill - folding towela at Selfridges) is also a corrupt, arrogant liar.
Not to mention funds from FLS,"special liquidity scheme",HTB,...Imagine all of that been put into economy and export businesses)
Cameron,Osborne + countless other parasites connected to them would NEVER lend their own money under HTB scheme to these "aspiring,hardworking" applicants.
Firstly, because it makes no economic sense because they will never be able to pay it back, and secondly they are not that nice to help ordinary people, anyway.
All they want are debt slaves, and if these slaves cannot pay back that debt, they use their unpaid debt as an albatross around necks for the rest of the population.
All these schemes were never just about vacuuming the money from the people.These schemes are used to enslave us and frighten us to give up on NHS and our pensions because they are "unsustainable".
Back to Dave's poster EA girl:
1) Considering that she is a sales director of her EA who advertised this flat, and that she also "bought" that flat, it is rather strange that she did not remove the advert from the Rightmove. Could it be that she left it there advertised and just hopes for HPI and then just increase the price and sell it for profit.
2) Question is does she also own any other properties (which she should NOT in order to be eligible for HTB). She was decorating 6 rooms just a year ago.
3) Did she get a liar loan like the rest of HTB applicants? In her defence,Tory shills are saying that even though she is a director,that does not mean a high salary.
So her salary according to them is low, so it had to be multiplied easily by the factor of 5.
Therefore, definitely a liar mortgage. (Oh, I forgot-her ex boyfriend pays her £150 a month for her child, that should surely boost her income)
4) When she was boasting about her new £33k BMW on the twitter, she did not mention that it was a company car.
Now, after this scandal she retweeted (on advice of Tory shills) that it is a company's car. Well, which of her statements is true?The first one is misleading to say the least.
Impressive.Cruising around in that expensive car, being a "director" and only have 5% for deposit.Typical for sheeple and typical for EA mentality.
She obviously has expensive tastes and loves attention + poor money management, hence she has many outstanding loans prior to her HTB application.
Another proof of a liar mortgage.
5) It is not unusual that EA's purchase property, redecorate it and then sell it on (or even they sell it with them as the tenants or they rent it to themselves from a the other shell company to reduce their running costs). Maybe this is the case in this story. EA's with banks are always first in line to get fed from the Government's (ours) coffers.
There are too many inconsistencies/contradictions in this scandal,and I would not be surprised that this story keeps on giving in the following months.
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The idea that the IMF is a Marxist organisation is pure comedy gold- the IMF exist to enforce the bankers debts - the fact that they are shifting to direct expropriation is not a sign of their incipient socialist conversion- more a sign of pure desperation on the part of the moneylenders that their unsustainable mountain of IOU's is about to fall over.
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Marx never suggested such thing, and Socialism never did that.Back in those days savers were valued with decent interest rates,etc.Yet again,socialism is mentioned totally wrongly.As always, it is used by people who never lived in socialism,hence they do not have a slightest clue.
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There was also an HPC thread about some guy who buys 100's of properties (regardless of their condition) in the North England on behalf of - City "investment" fund.This also confirms what I know for a long time now:Gov cronies "buy" (with the help of liar loans + HTB + QE + FLS + dodgy schemes for insiders only) properties, then trumpet these "statistics"/lies into the media then sheeple jump onto the bandwagon, then property prices go up, then sell for profit and pay no tax since they are registered offshore.Of course,they did not risk any money in this.Did they?
And even if they do not sell,even better for them - they will get eternally grateful and pacified debt slaves who will not rise against them in fear of not losing "their" home.
Mission accomplished either way.Sure win thanks to their Gov. friends/puppets that cost them nothing.
It is also a sheer stupidity to think that there are 2 million of these "foreign" investors.It is just a handful of them i(if even that many) hiding behind all these foreign sounding names.
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This is another lie about "foreign" investors.It is insulting intelligence.How many homes are then in London if 2 million homes are owned buy foreigners/expats?Considering that there are around 7 million people in London someone should finally do their sums correctly.Anyhow, huge majority of these "foreign investors", are offshore City funds that buy in bulk on behalf of the UK ruling "elite" who are registered abroad with FLS +HTB+some other dodgy Gov.prop up scheme only known to insiders.There was a thread about suspicions that Banks/Gov are concentrating their lending on London while the rest of the UK can go down the drain and this is obviously the reason why - to prop up their "investments" into which they put no money at all with these kinds of news of "huge influx of foreign property investors".My fellow HPCers, do not fall for this kind of crap lies.
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Phew.So what.That is only £330mil per year from Chinese who count for 50% of purchases.Considering that they buy property of a few million to a hundred million,their "investment" into London property is a drop in the ocean considering how much London prices have gone up in 3 years.Culprits of London HPI are not Chinese or Russian oligarchs or...It is liar loans+FLS+Help to buy.
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I think the banks must be lending into London like crazy. I was talking to a couple of 30something teachers at the weekend, they said their friends are buying places for £400k+ on joint incomes in the £70k-£90k range. In fact, I don't know anybody in my group of 30something London acquaintances who wanted to buy but wasn't able to secure finance to do so.
My guess is that much looser lending standards are being applied in London than in the rest of the country, either because banks really have bought into the 'London is a unique global powerhouse' meme or because they think the political class are personally attached to London property and will fight a London HPC with a lot of taxpayer cash.
+1 I came to the same conclusion some time ago.It was there in the media that lending outside of London is down compared to London.I also know of someone on multiple 5x salary which is low (?!) comparison with multiples of 8-11 which is rampant.
Half of his salary goes on to his mortgage even at these 'low' svr 5% . Even FLS is not causing HPI.The real culprit is the salary multiple which enables people to borrow way over their heads.
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You're right, this blue/red,young/old blame game is a distraction.
Meanwhile the crony capitalists are hoovering up everyone's productivity and rigging the game.
Spot on.Proles and sheeple fight for a few breadcrumbs (and envy each other on who has more breadcrumbs) whilst a few on the top gorge themselves and orgy. Divide et impera (divide and rule) has always been the case but never more intense than in the last 16 years especially for the last 3.
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Or it is black and white. I am not responsible for Scum DNA. There are jobs in this country and whilst sub society morons abuse the system real cases of people who have contributed to the country and society face real hardship.
It is not hard is it ?
You have to contribute before you can take out surely ?
So
No benefits for migrants for 10 years ?
No benefits for anyone who hasn't been in paid employment for 5 ? and make the minimum 25 years old
End Health tourism - NI number or credit card at the front desk. Reduce the NH back to emergency care so no cosmetic surgery, IVF or transgender changes. Charge like France for simple stuff and move most of that to Chemists. Buy your own Capol.
Child benefit - abolish
Agree re the bonus pool because it is publicly owned should be run like the civil service on similar grades, However other banks which are private none of our business if you don't like their pay structure move banks.
Moving banks (walking with my feet) is of no use,because Government subsidises the whole banking sector+large builders+estate agents+PFI....In short,all government cronies are on Unlimited Welfare benefits which are much bigger than for "lazy"chavs who will are now forced by the Gov to take a max 3 day course and replace you at your work place for a third of your salary.BTW, did you know that all UK Council housing stock has been for 7 years in the hands of PFI who collects ALL the rent in "exchange" for "maintenance".When this "initiative" started,PFI's even did not have initial funds,but the government gave them a - grant.That is just one of examples where nation's money was vacuumed into gov.cronies pockets.
Paul Simon In Administration
in House prices and the economy
Posted
Estate agent said to me:
Buy yourself a home, boy
And he also said to me:
Property prices never fall,
It's the same old story,
Everywhere I go,
I get gazumped with Help to buy,
Just to keep the Government satisfied, satisfied