Justonemore

The elites have their fingers in many pies , i dont see any reasoning that hp are high because elite want it, its just a bonus for them. Government intervention has caused investment demand. Without government interference i doubt we would have had this frenzy. The double whammy of cheap labor flooding in makes it worse.

Weakly in that it is just an added bonus. The main beauty of the quick fix is that they can hire professionals at a fraction of the cost and spend nothing on their education. Good for the indigenous who have already made their nest, pretty bad for the rest. I am not convinced that high house prices are directly because the elites are heavily invested, though i would say that it is inked.

I wasnt blaming immigrants if you re-read what i said. I can accept it and what it does to wages , its a natural market force. What i can not accept is how Government has consistently ramped the housing market to the stage its in now. If they wish to do that, then i would wish that immigrants didnt flood in.

Id agree that i like the foreign workers i meet at work - 70% of my department. However my Hungarian colleague, freshly recruited at half my price, said he would continue working for half his wage and even considered forwarding this information to the recruiter, until i stopped him. I guess the fact is that eventually there has to be some sort of wage parity, thats fine. What isnt fine is at the same time as championing cheap labor, forcing UK citizens fight for ever decreasing wages, they are rocketing the cost of putting a roof over my head (and others) - to now impossible levels. In that respect i will vote UKIP..... anything.....just anything other than the shower of shit that is currently being rained down on us.

Yes , im just trying to understand why he would say that money would go into property. I do like a lot of what he says , it seems to make some sense to me. His general view seems to be that governments are going to go balls out on Taxation and pretty much help themselves peoples savings in anyway possible (i do remember reading one quote from the ECB (i think) calling savings a surplus) - i definitely can see some of this happening. So in that sense i can see money going into assets, property included. However he does contradict, as i read the other week that people would save more due to the proposal of increased taxation and the call for more printing. My worry is what the end game will be. Armstrong believes that there will be a new currency - hence again a jump into assets, though i couldn't fully make out what he feels this would do to the stock market. I might be wrong, but i got the impression that he feels this would in some way remain intact. All pretty gutting really - i just want something close to what i perceive as a normal life.

I still find what he has to say interesting. From what he is saying, my understanding is that during the deflationary period, governments will go on a rampant tax hunt (the EUs proposal of a 1 off super tax does not fill me with joy). With our ruling class doing everything possible to tout real estate i can see his reasoning.

Would be nice if this is widespread. TBH ive stopped looking as i refuse to sign myself up to this monumental madness, it was already a joke 10 years ago. I dont believe that prices will start dropping for another year or so. Meanwhile im looking to move abroad.

I wonder how many aspirations the glutton has consumed. Still i would not swop my position for his, not for all the houses in the UK.

I used to constantly browse for possibilities , though i stopped late last year. Ive come to the conclusion that i will not buy (or live) in the UK.

I agree, there comes a point where it just isn't financially feasible any more. That point is long past for me, i dont see any possible good/value in almost 2 decades of worry, work and saving resulting in a crappy new build flat. Im looking to move back to Holland or elsewhere. I dont really want to leave the UK, but the real fact is i dont have the money to live in one of the pockets i consider a nice place to live and raise a family.

I agree, but there is always an overshoot. It seems to be all guns blazing until the next election, no matter what the consequences, so plenty of time to get there. Not fully sure what to do with the cash savings though... Was just reading Mr Armstrongs view on the Euro:- "The rise in the Euro is indicative of an economic decline as we saw with the Yen in Japan and the US dollar back in the early 1930s. It was the rising dollar back then that led to Roosevelt's confiscation of gold and the devaluation of the dollar. So the trend in the euro is not yet complete. The higher it rises the greater the economic decline." "..........The US dollar will rise exponentially after 2015.75 with the US economic decline and the ECM aside from the geopolitical risks. When the US economy turns down, then we will see the rise in the dollar really take off as normal." http://armstrongecon...economics_blog/ What a mess

Well if they do, would this not streangthen the pound more (in the short term)? As mad as it all sounds i am still waiting for a pound to dollar high - im hoping for around 1.00 GBP = 2 USD ...please.

"The landlord … watches the busy population around him making the city larger, richer, more convenient. .. and all the while sits and does nothing. Roads are made … services are improved … water is brought from reservoirs one hundred miles off in the mountains and -all the while the landlord sits still … To not one of these improvements does the landlord monopolist contribute and yet by every one of them the value of his land is enhanced … At last the land becomes ripe for sale – that means the price is too tempting to be resisted any longer … In fact you may say that the unearned increment … is reaped by the land monopolist in exact proportion not to the service, but to the disservice done." - Winston Churchill during debates on the Finance Act 1910

ha - your joking now, but if our illustrious leaders carry on pumping the worlds population into the UK.....i think you could be right on the money!

.......and once you add in council tax and utilities thats a good chunk of the average wage pished up the wall.

I guess when it is sold off the fictional money will be seen as a surplus pot to be pished up the wall in any way possible.

Its a dog eats dog world and the hypocrisy of humans comical. Id really like to think that i wouldnt play a part in it if the chance presented itself. When it boils down to it you and your familiy are all that matters, a kind thought to your fellow man is a luxury. Not really sure we get true democracy, though when i talk to some of the Polish its clear that they feel mode free/safe in the UK

Yes i agree - forcing people to live in this way is a form of violence. Gutted - no other word for it. I almost wish i never stumbled across this site in 2008 - at lease at that time there was a sense of hope that a move towards some kind of normality was possible. Now i am sure i wont be seeing that for years to come. The possibility of myself meeting the financial requirements to put a roof over my head, raise a family and have some chance of retiring are slim-to-non...

Sorry if already posted. Link below:- http://www.dailymail...Sharia-law.html It is what it is , but im bloody sick of this HTB being pumped down the publics throat in anyway possible. Buzz words again - "hard working families" and "aspirations" and what eventually got me calling Osbourne all the mofos in the world:- ".....But Mr Osborne said: 'We are recovering from a property crash. Am I someone who says we should be vigilant about this? Absolutely we should be vigilant..."

Sorry if already posted:- http://www.dailymail...les-leaked.html "....highly sensitive information, including customers' earnings, savings, mortgages, health issues and insurance policies, ended up in the hands of unscrupulous brokers." I hope the receivers of the information are also treated in the same criminal way as the insiders who originally stole the information. I closed my account last year, but i always get yearly Barclay statements. After closing your account, does anyone know how to get your details deleted from their system? I have the same thing with Natwest - account closed years ago, but i still appear to be on their system and receive yearly statements. If i call the branch i just get confirmation that my account is cold.

http://www.dailymail.co.uk/news/article-2554875/Barclays-account-details-sale-gold-27-000-files-leaked.html

From my understanding this ties in with the "Hordes at the Gate" thread. Wages across most sectors, not just low paid jobs, are going to be driven down by immigrants. I guess this will be what will make the unrealistic prices correct themselves, though knowing whatever shower of shit we get given as a government, a knew scheme will be put in place to prop it up. Could i suggest "Help to Rent"? The 1st 5 years rent loaned and backed by the government If you are sat on the wrong side of the fence, like me, then the basic requirement of putting a decent home over your head in the UK seems to be a long waiting game. I have no intention of buying. Looking at leaving the UK if/when i see the opportunity.

+1 exactly this. I am watching it happen already and this will pick up pace across all professions. Doctors, Dentists, Vets, IT , construction...everything. A good wage from their country being 400 Euro a month, they would be mad not to (i would). The migrant benefits issue is bad, but small news imo.

The cost of living may well be higher, but they are still taking the jobs. The life is similar to mine, share accommodation or rent a room/bedsit. I currently work for a large blue chip and i can assure you that it is already happening and will rollout at a faster pace in future. As a direct example a job that i knew to be 40k five years ago has just been snapped up by a Polish chap for 30k. He is the third in our department in less than a year (its normally Indians, so i guess they have competition). I dont blame them, would i move to Romania for 500k a year and live like a dog? - F&^k Yeah!, i do it already, for less ofc, with no view of putting a decent roof over my head. A friend who moved into Bulgaria 10 years ago (for the girl), informs me that the kids are generally very well educated in comparison to the UK. I guess its the same with the rest. Outsourcing to the Eastern block countries is also ongoing. Its a great way for UK companies to say that they pay their direct employees a fair wage. Just outsource the whole department.