bartelbe

I can't say I am excited, useless Blue Tories about to be replaced with useless Red Tories. The blues are bonkers and corrupt but the red lot believe in mad open borders and woke non-sense. In terms of economics both are committed to the houses are magic boxes that sh*t cash model.

That idiot government didn't understand that the manufacturers they were killing supported a whole eco-system of suppliers and service companies. The useless government of the 1980's ripped the wealth generating heart out of our economy and it has never been replaced.

Home owners can't get their heads round two facts. That their home is only worth what someone will pay for it and buyers are constrained by how big a mortgage banks are willing to give them. With higher rates and dying economy, they aren't going to get peak bubble prices, let alone a profit.

One law for the rich and another for the poor. Steal a fiver from the till and you get locked up. Lie about your IT system working, send hundreds of innocent sub-post master to prison, collect a massive bonus. What should happen, is all executives and senior managers should be jailed and stripped of the wealth they earnt working for the Post Office to help cover compensation costs. Otherwise senior British management will simply commit similar criminal acts again.

I have heard this kind of panic talk before. Everyone at my work was certain Trump would be able to ignore the vote, at the last presidential election and would become some kind of dictator. I told them they were talking non-sense and that simply wasn't going to happen. Who turned out to be right?

None of these people explain where the money is going to come from? Unless banks are allowed to lend recklessly, as they did before 2008, the spending power of buyers is constrained. They can't afford the mortgages that they use to be able to afford and pay increases don't fix the problem because pay has generally been lagging inflation. Even a stagnant market is really one in decline because general inflation would be eroding the value of houses. I am afraid the majority think the world of 0% interest rates is going to return in a year or two. That simply isn't going to happen.

You got Savills claiming there will be a small dip next year and then house prices will go up again. Gee I wonder if an estate might have an interest in talking up the market?

There is nothing new about this, up North the UK has been a sh*thole since the 1980's. Combine dire 1960's and 70's concrete sh*te with a useless Tory government. You get the ultimate dystopian hell hole. No jobs, everything is falling to bits, nothing works and everything is ugly.

In my experience, reddit posters are in complete denial. They seem to think that house prices fuelled by cheap debt, will continue to rise when the cheap debt is taken away. I suspect that delusion represents what most of the UK public think. We are still very much in the denial phase of the crash.

That answer is all over the place. The only time I have ever seen a gun in the UK, is in a museum and when a specially trained police officer has been holding one, say in an airport. Like 99% of the UK population, I don't give two s**ts about the supply of ammunition.

Which happens how often? The law is barely enforced.

Desperate prop for a collapsing market. Too little too late.

We should care because? We don't let civilian have firearms.

It isn't real wealth, it is people borrowing money to fund their lifestyles. All that interest rate increases have done is reveal how rotten and hollowed out the UK economy is.

Yeah because requiring people to prove they have a legal right to work is the same as creating a fascist state. ID cards are sensible because they created a streamline way to implement such checks. it is hardly introducing some sort of police state for employers. As long as they do a quick check they would be in the clear. The only people who need fear such a measure are those using illegal workers.

You may not have noticed this but if you walk far enough in any direction you hit a big watery thing. We call it the sea and that is why there are less migrants here. The fact 1000's risk leaving a wealthy country like France, on dangerous boats to get here, shows how much of a pull factor this countries lax regime is.

This is a country in which you can run an entire factory off the books and get away with it. In light touch regulation Britain, the rules are barely enforced. Any employer who wanted to hire illegals would get away with it no problem.

Yes it is because you need those cards to get work. Sure you can work in the black economy but that is nowhere as attractive as the UK. In which the rules on such checks are barely enforced. If that was changed, say business owners having to do jail time for failure to check the legal status of workers, the flow illegal immigrants would end.

The problem is, there are millions in work who are getting below inflation level pay increases, who are also struggling with the cost of living. They aren't going to be pleased about paying for inflation level increases for those on benefits, especially when they are paying record taxes. Not exactly helped by the claims of some of those on benefits being dubious at best.

The big pull factor in the UK, is it is easy to work and rent without proof of ID. This is a country in which multiple illegal factories were found in Leicester during Covid. Just let that sink in, the enforcement is so lax you can run a factory which has dozens of employees, large premises, deliveries going in and out. Yet nobody notices. So in theory, if only those who have the legal right to work here can work, the pull factor for economic migrants goes away. The flaw in the plan, is it relies on the totally inept and useless UK government to enforce the rules.

The problem is, you're buying a depreciating asset and it all depends on how far prices fall. If the mainstream media and mainstream economists are right, you probably are OK buying. However if they are wrong and most failed to predict the current bout of inflation and higher interest rights, things become more risky. Even to take off Covid forth requires a 20% drop from peak and that would still leave houses in bubble price territory. Despite what the mainstream says, there is a good chance falls from peak will be much greater than that.

That is a refreshingly sensible reply and a rare thing. Most of the time when you try to discuss this, all you get is racist screamed at you.

Yes but you can flip that. There are people who have deep concerns about the environmental impact of open borders and endless population growth. People like me also want a plan for asylum that has horizons longer than 6 months. We ask people like yourself how asylum should work? What are your criteria for who should be let in? How would you deal with failed asylum seekers? What are your plans for long term integration? Your plans for burden sharing, so the poorest don't bear an unfair proportion of the costs of asylum? When we ask these legitimate questions we are ignored or have racist screamed at us.

It doesn't matter which way round it is, it is absurd that you can go into a relationship for a few years, contribute very little financially. Then walk away with a large percentage of another person's property. Marriage is different because you have entered into a legal contract, so a financial settlement is fair enough. Adult should however have the option of keeping their finances and asset separate, if they want to. The Labour Party want to take that choice away.

The situation is going to get worse. Labour want to give common in law couples the same legal rights as married couples. Which will mean if a women lives with you long enough, can prove you were in a relationship, she can now walk off with some of your house. It is taking away options from men. If they don't want to share their property, that should be an option.