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House Price Crash Forum


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About disenfranchised

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  1. All this talk of economic policy (inevitable on here) ignores what the real dominating dynamic is in politics today - social progressivism vs nationalism & conservatism. The latter is currently winning the argument. Labour could put up the best manifesto ever in economic terms and still loose hard; it now has the image of a party that tolerates Islamists, makes excuses for terrorists, promotes a frankly bonkers agenda on gender, wouldn't raise a finger to stop mass child abuse by Pakistani gangs, actively pursues mass immigration of low skilled migrants from Asia and Africa who will vote for them, cares more about Palestine than Pontefract, and hates white English salt of the earth Brexit voting working class. Boris will be in power for a decade come what may unless he REALLY screws up & half the boomers will be dead in a decade. Interesting times & I have little idea what to expect economically in general or on house prices in particular.
  2. Visited SF 18 months ago. Was talking to a tech worker my age (40) in a bar. Turns out my hotel with parking in the Marina district was cheaper than renting a flat there! It had a real air of faded glory about it with a lot of homeless people downtown and a strange dystopian atmosphere on the streets - there were hardly any children or old people, just well dressed 25-55 year olds mainly very impressed with themselves.
  3. A small part of me clings to an affection for London because my mum's family come from there & she took me there a lot as a kid, but having lived & worked there recently my attitude is mainly ****** London. ****** all the millionaire crooks and their dodgy money, all the immigrants living on benefits, the Londonista media & preaching liberals. ****** whatever asshole decided running the deep tube lines without aircon at current capacity is acceptable, ****** the light jumping cyclists and their twit-cams, the metropolitan police and their nonsense, the hipsters, the luvvies, & the smug 50 somethings who bought a cheap house and smug it up. ****** Sadiq Khan, the Evening Standard & especially George Osborne, and most of all, ****** paying London rents or house prices for the "privilege" of living in ******ing London.
  4. Every 2 bob Tory / Kipper on Twitter fell hook line & sinker for Murdoch press headlines quoting the Tory housing minister & now think it's "a tax on gardens" Labour thinks it acceptable to return affordability over 25 years having blown it out of the water 15 years ago = 2 entire generations completely screwed over with decades of unaffordable housing. I think I might be done with this ******ing country.
  5. It also shows that the post-2011 intentional re-expansion of the bubble encouraging "hot money" in was merely a capital grab to prop up the system. I've been saying that for ages. In the UK the Tories criminalized squatting domestic property for this reason. Osborne was off whoring property to Hong Kong investors quite deliberately. What better way to protect your banks and your own wealthy than to find a "greater fool" from abroad and offload the risk?
  6. Just watching on catch up. I'm amazed nobody has given him a kicking to be honest!
  7. I've been saying wake me up when 3 months in a row go YOY negative, and I maintain that's when I'll bother to start watching the local market again. The Emporer has no clothes, but nobody who matters will actually say so until he's dancing through the streets waving his willy at the world. Asking price delusion and a tiny flow of sales persist for now.
  8. I live in a large village of about 2500 people, but I'd be perfectly happy to see it expanded sympathetically to house maybe 10% more people who actually use the amenities and are part of the community, rather than the smug rich boomer brigade living in the posh bit who treat it like a dormitory & would be amongst the loudest complainers if that happened. I only ever see them on their way in & out of the village in their 4x4s on the way to Waitrose. We have a village school, a secondary school which serves a large group of local villages, a doctors, a post office, a chemist, a small sandwich shop, a hairdresser, a pet shop, a small off license & general store, and 3 pubs. We got a small takeaway recently too which causes no hassle to anybody but the NIMBY minority did try to stop that. Many of the people who use these facilities live in the new estate built 10 years ago and the 2 large expansions that were made in the 60s and 80s. If those developments never happened we'd probably have no shop, no doctors, no school, no post office, no chemist, 1 pub and no bus service, which would turn it into yet another small rural collection of rich middle class twats with no sense of community and no place for young people or the elderly.
  9. There's a constant battle on every part of Mumsnet between reasonable people and nutters regardless of income.
  10. Quite so. But they aren't the whole problem. Politics has been out of balance since 1979. We haven't had a party in power with the slightest interest in reforming or constraining the establishment / elite. The miasma of failed VI trade unions on one hand & Blair on the other surrounds Labour like a fog, and they've added an obsequious permissive attitude to conservative Islam and a huge dose of identity politics on top. It's entirely possible now to utterly detest the 2 largest parties in British politics in equal measure, I know I do.
  11. Later in the speech, he predicts I expect the next ‘crisis’ to involve some form of over-valuation of assets, over-extension of credit and losses when this corrects. In other news, the sun rises in the East and sinks in the West, and the Starks say winter is coming.
  12. Has this thread triggered another one on Mumsnet about what vicious spiteful misogynistic bastards we are on HPC yet?
  13. The boomers who were unhealthy are already dying. My Mum went 3 years ago at 65 from a heart attack. My Dad has never smoked, never drinks to excess, has always exercised and never been obese, hopefully we will have him a lot longer. He has been doing some estate planning recently and read an article suggesting the average age of people doing so was late 70s - a serious refusal to face mortality! When it comes to "millenials joy", there will be a backlash. The disparity will simply ripple out by a generation as the boomers wealth is given to their kids in their 40s 50s and 60s and there is another evident generational wealth gap between them and generation Z. This time the false rhetoric employed by boomers defending how they "earned" their wealth will not be accepted. The interesting question is how Asia will influence this. Handing down wealth from generation to generation is seen as very natural in Asia, yet Asia is often better at taxing wealth at the point of spending rather than income at the point of earning.
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