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House Price Crash Forum


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Everything posted by maverick73

  1. They wont last, the Liberals will make a comeback with a local version of we are the world mandate... unfortunately the BoE have control over the money and the interest rate... they continue to say we need to build more... but really they need to raise interest rates... to reduce prices and give employees better bargaining power for salaries.... but they don't want to do it... they are happy to expense four day £1.2 million pound jolly to the US for its execs but they are not people centric... Hopefully Brexit happens and it is hard and nasty because it will open up the nasty can of worms being hidden, exposing the truth of the countries behaviours regarding people and money.
  2. All it shows is a political system engineered not to help but to leech.
  3. if they agree that deal, all political classes will collapse as the UK will no longer be is a single power, but a sand bag for the future EU.
  4. It started at zero and it will go back to zero... too many suppliers and the currency can never work without central bank blessing.
  5. Nope... the current values are being underpinned by the UK's government loans, and central banks interest rates.
  6. it's all a money game...Germany accounts for 1/3 of the EU's economy machine, the UK accounted for 1/3 of the same. Germany's 1 & 2 biggest exports are to the UK & USA, while opening up in China. The US are renegotiating trade deals, the UK being the US sand bag will toe the line, and China's experiencing a money withdrawal, and heading back home to Washington.... hence the EU economy is gearing up for a crash.
  7. Maybe a backstop is positioned for outer space.... Its all balls, if Brexit happens, then it shall be an epic of epic crashes, from fairy land to actual who can afford to live, without the credit machine overdrive ?
  8. Child care, Housing, Food, lifestyle.... all cost money..... Unless they correct wages, human aspirations go out the window..... because only the few can afford it...
  9. Living the credit dream, on invisible money, but actual debt.... they are feeling rich today, gone tomorrow.... ?
  10. Benefits are a myth to me. If an average earner take in £2000 per month.. after tax... do they qualify for benefits? From my prespective they all come to bank pounds, and will leave accordingly. The ones who stay behind will expereince a squeeze, as inflation is chomping away at standard living costs... henec why food banks are becoming more the norm.
  11. A nation of home owners. A nation of home renters. A nation of homelessness. The timeline of housing failure and a country all to hell bent looking rich globally masking poor locally.
  12. Anything & everything in an attempt to normalise the current home values, while real wages stagnate below 2008 levels. An economy thats being fiddle with my a government hell bent on a pretence.
  13. Unfortunately, we're living in a supply and demand crux. Being within the freedom of movement, has driven up demand for accommodation, as many with prefer a UK life, over the other 27 member countries. Governments who propping up prices since Year 2000, with many MP's acting as landlords Low Interest rates to attract young into spending beyond means... forcing them into a continuous life of debt. It is what it is.
  14. If the government had true control of spending, they wouldnt not need to fleece the mass through back door taxes. They love low IR, it keeps the fake economics purring, as if it is the bees knees, rather than real the dog poo... homeless, unaffordables, low wage earners, middle classy in the over priced luxury boudoir... just a bunch mugs geared up for a burning ?
  15. The BoE mob are very silent these days.... all the hoo haa at the start of the year seems to have evaporated... ?
  16. Wages havent gotten better, or they would stipulate the actual increases. The laughable part is not a single media outlet actually publishes the actual value which stands at £523pw gross... £394.61pw net... now lets factor in rent, food, tax & bills...
  17. A crash would require 42.67% correction in values at a minimum to consider the salary; affordability situation.
  18. What a load of BS... A buyers market comes after March '19.... when the UK's truth kicks in.... and follow the US to normalise its borrowing rates.
  19. Cause and Effect Cause - Low interest rates... cheap borrowing criteria... use media to make all feel wealthy Effect - Human mentality... I want to look good on social media... buy a fancy car... look rich... strike a pose on social media ?
  20. At the end of the day the ... 20's have no savings, hence they cannot buy, and rent till... 30's have negative equity from help to buy, and in debt till... 40's have a job, bills, break even, expecting technology doom, end up in credit hell till... 50's think wealth is bricks, till... 60's have a pension that is insufficient to live in an over priced country, till...
  21. Its all bull. Halifax love to give a little bit extra ? for facts HM Land Registry Service is the only real credible source. All the rest is fictional... on what has been borrowed.
  22. I guess the subscribers to this site are not alone, when it comes to seeking a crash ?
  23. A shift in money is happening, even pre 2008, i dont remember the press reporting on a bubble index... of which London is now the number one house bubble ??? House Bubble Index
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