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Debt Slaves

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  1. Savills head of residential research, Lucian Cook, said: “2021 has been a remarkable year for the housing market, underpinned by a strong economic recovery, widespread reassessment of housing needs, ultra-low interest rate environment and, for the most part of the year, a stamp duty incentive. “It will be difficult to replicate these market conditions throughout 2022.” He said the continued imbalance between supply and demand indicated a “tempering of house price growth” rather than price falls. “We have pencilled in annual price growth of 3.5% across the country as a whole for 2022, but this is on the basis that the so-called ‘race for space’ will ease,” he said.
  2. What countries are there to emigrate to with sane prices? They all seem to be going towards the same path and have worked out debt = more tax generating battery hens, hence even America with all of its land trying to get in on the gig of increasing prices and getting people into debt. I'm in London and need to leave, as a single person I feel I have more chance meeting a new partner in a city.
  3. KEY POINTS -Economists say rent will be among the fastest growing portions of household expenses in coming years. -Most of the new housing under construction is for the high-income portion of the market. Market indicators suggest that rent hikes are coming in 2022. Average rents for a one-bedroom apartment in the booming suburbs of Phoenix, Arizona, have more than doubled year over year, according to data from Apartment Guide. Meanwhile, rents in Manhattan have reached fresh records as life returns to the cities, according to Zumper. The problems aren’t confined to the usual suspects, however. Rents for single-family homes across the country jumped more than 9% on average in August 2021 from the prior year, according to a report from the analytics firm CoreLogic. Rents are moving fastest in the buzzy enclaves across the South and West. For Maria Arredondo, a teacher based in Austin, Texas, a sudden rent hike of nearly $400 forced her to make a move. “If I had signed the lease ... it would be taking a lot of my savings. And so I decided to move to a new building, losing about 150 square feet,” she told CNBC. Mark Zandi of Moody’s Analytics said the strains on the housing construction market were building well before the pandemic took hold in the states. “There’s a lot of evidence that the lack of housing closer to where the demand is and urban cores is having a meaningful negative consequence on long-term economic growth.“ Generous monetary and fiscal policies have juiced demand for goods and services coming out of the pandemic. All that extra money sloshing around the economy is bubbling up into the rent. The fresh demand is giving investors a reason to jump into the market. Experts say that’s boosting desperately needed supply. But there’s a catch: The homes being built are priced into the high end of the market. As a result, the evidence suggests that renters will be paying more for shelter this decade. NWO visit this link https://www.cnbc.com/2021 .. heres-why.html
  4. They look late to the party, plus they have a lot of land. Heard some of the cities have crazy prices though.
  5. New World Order! They've worked out how to try to control the majority of the population and keep the cogs in position. Follow the rules, feel generally satisfied, stay in debt, work till you're not fit too. Retire, pay for care, get replaced, rinse and repeat till your family wealth disappears in future generations. hey ho! at least you're a paper millionaire boomer. The rich will get richer, we will own nothing and be happy!
  6. I better make sure I leave my copy of Squid Games in the UK. Don't want to end up target practice.
  7. Debt slaves - New age slaves who are content and unknowingly slaves to the system. Ignorance is bliss! so they say, as we forced to strap on our invisible chains. The crazy thing is it seems to be happening all around the world. What country could one emigrate to to get away from this, with a greater work/life balance than the UK?
  8. The people with money always seem to want the "have-nots" pay their fair share. Stamp Duty holiday cost over £6 billion pounds. All to people already rich enough to buy a home, 1/2 to people buying homes worth £500 000 up. Terrible use of public funds. Half of it would have prevented cut to incomes of poorest in the land, now driven to food banks . Twitter comment.
  9. They found away to try and maintain HPI. Hopefully it fails. The sheep will jump on this, wouldn't be surprised to see Boris waffling on about how he's got millions in to "affordable" home ownership through a scheme like this. The lowest monthly fixed rate, guaranteed mortgage you can take on under our government...Oven Ready, Peppa Pig, Ready to go!
  10. As we've seen, getting rid of it seems to have pushed prices up and caused more debt to taxpayers for the benefit of sellers. Millions could have been wiped of our national debt and prices wouldn't have increased so drastically during the pandemic. No stamp duty for first time buyers, the others and BTL'ers should get charged a higher rate to give FTB's a competitive advantage. If they get rid of stamp duty I guess they'll have to work out a new tax that the "have-nots" / poor will have to pay to compensate for the lost revenue.
  11. Aren't shares also artificially inflated due to all the money printing too?
  12. Our productivity amounts to selling and renting accommodation to each other at ever increasing prices. Good gig if you got in at the right time, as many of the countries politicians have; setting up policies and funding schemes to benefit their investments and those of their main voterbase and donors.
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