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Everything posted by ucnvpe0

  1. I agree with your sentiment but it's not as simple as it looks. Where should they send the unemployed people? Simply moving the problem doesn't get rid of it. In some countries, slums are created to solve this problem.
  2. I had a look at the interest rate available on savings accounts (of a country in the EU). The rates ranged from 0.02- 0.2%. I suspect we are heading that way.
  3. I find that hard to believe. They have promoted that message for a while now but never act upon it.
  4. I suspect the BOMAD will be a major factor in determining the next generation's wealth. A gap will open up between a smaller group of people who have bought by their early 30s and others who are likely to rent even in their retirement.
  5. The vast sum of housing benefits paid to land-lords is a model of 21st century feudalism.
  6. No surprises here, it's exactly what I except from a Tory candidate.
  7. I doubt it can go on forever but it's shocking how there doesn't seem to be an end in sight.
  8. I suspect only a limited number of people can raise the capital to invest. Even mortgage deposits rely heavily on BOMAD or Help to Buy. It's much easier to get a mortgage loan than it is to get an investment loan or save enough in this low interest rate environment.
  9. The people who jump to the "Venezuela/Zimbabwe" argument lack critical thinking. That is the exact scaremongering stories TPTB use to stop anything that might question their position. It's the same lazy strategy they used against brexit and look at how that backfired.
  10. The reality is the policymakers will try anything to maintain the madness. I suspect they would consider: - negative interest rates - QE - Help to Buy version 2/ bailout for previous buyers - 40 year mortgages/ guarantor mortgages - Reverse some of the BTL changes - Ramp up immigration - Welcome overseas 'investors' into the market post-Brexit.
  11. Excellent. This post summarises very important issues. The pension system can mirror a demographic ponzi scheme. It relies on a promise being fulfilled 30-40+ years in the future.
  12. Getting from home to Norwich station alongside can be tricky. I wonder how much it costs for station parking alongside with a season ticket?
  13. Norfolk has poor transport, low wages and a highly overpriced housing market. It makes me wonder how the region hasn't seen heavy falls.
  14. https://www.metro.news/property-first-time-buyer-special-take-inspiration-from-these-buyers-who-took-the-plunge-and-havent-looked-back/1483910/
  15. I think May, MPs and other vested intetests will find a way of stopping no-deal.
  16. Will Tory MPs accept a general election run by May? I think that would tear the party apart. If May's deal fails repeatedly and Article 50 is not extended, when is the final deadline to have a solution?
  17. I'm thinking of placing a 'No' bet on: 'UK To Leave the EU by 29 March 2019?' How about you?
  18. If rates are near zero already, what is the expected response in the midst of the next reccesion?
  19. What you don't know can't hurt you. Being clueless can help you sleep at night and not worry about the massive debt hanging on your shoulders.
  20. London is sold in a similar way to 'the American dream'. The land of wealth and opportunities. It takes many people a while to realise that what you've written is true.
  21. BOMAD is a good gesture and helps to keep wealth within a family. BOMAD is partly the symptom of a system where 'work doesn't pay'. Everyone is trying to play the system to their advantage. For example, a BTLer will try and build a 'business empire' for their kids. In contrast, someone tax credits will only work the minimum required to be eligible.
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