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bear.getting.old

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Posts posted by bear.getting.old

  1. I couldn't have said it better myself. I was shouting at the radio about this. Disgusting policy. Why should the taxpayer pay 25% interest to people to join in the ponzi. I shall NOT be voting for these crooks again. Trouble is, Liebour will not cancel these schemes and probably join in with them!

    I could not resist it, emailed Osborne:

    "Dear Sir/Madam.

    Please forward this email onto Mr. Osborne.
    I voted for your party at the last election based on promises of prudence in economic matters.
    Since then I have watched the national debt spiral and watched as my savings have been hammered and your idiotic self serving bank propping property schemes have pushed up house prices to eye watering unstable unsustainable unaffordable levels. Now, today I have to sit and watch as you use the peoples money, taxes, savings, and children s future to gift anyone stupid enough to join in your housing pyramid scam a savings account with 25% interest.
    What ever happened to the free market tories ?
    I have to ask, are you really this stupid ? Or are you just out of touch with any sort of reality ?
    Do the fraud squad have to get involved before you stop throwing tax payers money at the bankers and building companies ?
    The only thing first time buyers need is for you to stop "helping" them.
    I am thoroughly disgusted by your actions today and for me and my family this is the last straw, we will be leaving this country, with our savings and income.
    I am ashamed to have voted for your party, absolutely ashamed. Needless to say, I wont be voting for you again."
  2. If Euro property prices rising then they remain too high even in £. Until there is disgust at owning property we haven't seen the bottom in prices

    That depends which country and from which point they are rising. Some have said Spanish property had still some correction to go but this was before the weak Euro. Expect johnny foreigner to pile in now and buy Spanish property.

    I am thinking the same myself --- buy a house in Europe. The only risk would be a eurozone breakup and a return to the DM, Punt or whatever. Even if that doesn't happen how klow can the euro go? All those brits who bought abroad at 1.25 so recently must be annoyed.

    Is a Euro house worth the risk? Less of a risk then London if you take the currency risk out of it. What will happen to sterling of the SDP/Lab get in?

  3. Still rolling out the same "not building enough" argument though I see. Compare with MSW's take on it:

    http://moneyweek.com/give-the-young-a-break-let-house-prices-fall/

    Nothing about building - just "end the support".

    Spot on.

    Doesn't bother me. The more they build the more surplus houses around when the crash comes and the bigger the crash will be. They know this, thats why they have these planning restrictions, Tories are not stupid, just liers.

  4. The tagline of the advert is: 'we think it's people that make the world go round, not money'. How very socialist of them! ;)

    That advert annoys the hell out of me! Nationwide used to be a great BSoc. Free visa/debit card use worldwide, low or no charges for things banks charge, tagline was: "To avoid banks charges avoid banks" Or something like that. Now they are behaving exactly like a banks and they have played a large part in ramping hpi.

    I now detest Nationwide and always make a point of voting against all resolutions and reelections of the board

  5. I had a look around Spain with the idea of buying a house there instead of the overpriced UK. I was put off by the barren desert like countryside, and amount of country houses (fincas) that had no mains power or water. The only bit I liked was Catalonia where is is green and not as hot but there the houses are not cheap. No such problems in Ireland, just too windy and too cold.

    Anyhow at the moment buying a house that is dominated in Euros could be a bad idea? If the EU breaks up your house could be devalued by about 20% into the new currency. Plus the locals who were being paid in Euros now earn paesatas or whatever again--- but they still have a euro mortgage to service. I think that would cause a big problem in the economy and lots of bad loans again. Again how likely is it that they will just keep kicking the can down the road to keep the EU going.

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