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House Price Crash Forum


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About equitystasher

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    HPC Regular
  1. Age of tax cuts and endemic tax evasion doubled the the debt since the crises. Heavy lifting done by one side but not the other.
  2. It's not stealing. It called paying for stuff we all need, to keep the country and society going for the good of us all. My god, what a thought. A unselfish one that benefits everyone in the long term. Unfortunately the coalition and cons now have a system where rich people and corporations can get away without paying anything like what they were and wonder why the nations debt has doubled whilst the services and infrastructure is failing. Leagues of very intelligent people finding ways in which their clients, can avoid paying their already, lowered obligations and using the law.
  3. The money tree was found to bail out the banks and landed the country in eye watering debt which has created moral hazard. We are heading for another crises as it's business as usual in the financial sector. They are the biggest contributors along with property specualtors to the Conservative party who do their bidding. Since policies of cutting everything including basic services whilst allowing massive tax avoidance to take place by individuals and corporations has seen the debt almost double. This is the biggest revenue hole rather than "scroungers" The equality gap has wi
  4. My Fiancé came home today to tell me about a close work colleague who has gone to the banks for a mortgage in principle so he can buy a house in Surrey. He is 25 years old and has a total gross income including overtime of £32,000 a year and has a 5% deposit He is determined to buy a house against the advice of my Fiancé. We both reckoned at best he would be offered £120,000 mortgage due to MMR. How wrong we were!! He has been offered £250,000 over 65 years with the Halifax and he wants to take it despite the sound advice from my fiancé I thought sub prime lending had finished in 2008
  5. This is a further cynical move by the Tories to further weaken workers rights and is total hypocrisy given how our electoral system works which affects us far more than public sector unions. Public sector unions are the last union's to have any sort of power to fight and defend the services and rights in this country. This is about ideology more than votes. If this becomes law then it's only a matter of time until the 40% goalposts are moved. They have even admitted it themselves. This is in the first instance is all about preventing strike. Withdrawing ones Labour is the only way certain wo
  6. It never ceases to surprise me the ignorant, anti public sector rhetoric espoused by the vocal minority on this Forum. A Firefighters job is a dangerous. Using your methodology of stastics, driving to work is more dangerous than being a Firefighter which is not true. Firefighter deaths are at their highest for many years. Firefighters dealwith a very broad range of incidents- flooding, chemical, transport crashes etc etc which requires broad knowledge and skills to be effective and operate safely. Cutting roofs off cars is due to protection of c-spine injuries and is done on request of a P
  7. This mess was not caused by Firefighters,Nurses,Teachers and other essential service providers but the greed of the Bankers leveraging up the system through their greed and the politicians (Labour) bailing them out. It seems you have fallen for the scape goats and seem happy to bash the wrong people.
  8. Hi All, Sorry for the late reply but I've been very busy with personal and work challenges. No this is not a conspiracy. My account hasn't been hacked and these are my own words. I wish it were so that housing came back into line with fundamentals but the simple truth is that the game is far too slanted towards home ownership and there are two many blinded by their emotions on this forum. Pension changes,help to buy,Q.E and low interest rates all point to further increases. To deny this I think you are burying your head in the sand and hoping. Just because it is wrong which it is, does not m
  9. Hello HPC, After 7 years of waiting and watching I am jumping back into the madness. I sold my one bedroom flat in April 2007 and decided to rent after coming across this site and spending hours reading the various posts and educating myself from the writings and debates of some very astute posters. Weighing up the considerable advice I decided to sell and stay out of the market against the advice of my family and friends whoi thought I was mad, as the market was only going one way at the time. Or so they thought. All said and done it is personal circumstances that have led me to buy asw
  10. The real truth is that modern cars are far easier to maintain and cheaper to look after if you do it yourself . They are designed to be easy to service. I have been driving since the ninties and always had the mentality of DIY. I have had Truimphs,Fords, Honda's and recently a Skoda Octavia. Just done front pads for £22 and 30 minutes of my time with no specialist tools needed. The modern cars are far easier to service than the old! Major service- Diesel Filter £22,Oil Fiiter £4,Air Filter £16, Cabin Filter £10. Engine oil which is Halfords VW 507 grade which is the best grade you can buy £3
  11. Every excuse for not raising rates is used despite inflation being double its target. They are praying that other central banks are going to do their job for them and commodities will fall in price. People should get used to the stagflation we are in as we are going to be in this situation for along time. I am afraid the BofE are bailing out the banks and the inprudent as they know that if rates are set to meet their inflation target the housing market which drives our consumer economy is toast. I expect a token .25 rise at the end of the year.
  12. I am afraid we will not see any significant falls soon. Aslong as interest rates are held at current levels or close to, all we will see Is a slow, nominal grind down in house prices. The BofE know what higher rates will mean to our highly indebted, consumer economy. The amount of job losses people are expecting will not come through at the level many are predicting on here and I am afraid the over indebted have been given a life line by the low interest rates and banks reluctance to reposses. Our only hope is that the BofE is forced to raise rates by the markets and then the proces of reb
  13. The current policy is cursing both the saver and the indebted. How long do you persue said policy? Wealth is being destroyed everywhere due to the worker not able to demand wage increases.Taxes and growth will continue to fall. If this carries on you will have the indebted going bankrupt anyway and the reponsible will have no inclination or means to spend. The truth has to be faced. The economy needs to be rebalanced. The only way to do this is for the over indebted and foolish to go bankrupt and the people who made the right decisions to take their assets over so they can be put to producti
  14. And it just keeps on climbing. How long will Merv and co leave it till they start to inch rates up? I think they are going to leave it till their hand is forced and only then, they will just inch as slowly as possible. They know how close to the edge a large amount of the population is and the pound is too strong at current levels for Mervs liking. Keeping rates this low might of bailed out the indebted for now, but it has encouraged many more people to take on debt they cannot afford . Barclays offered a friend of mine a mortgage at 5 times income who is in his late 40's! I am still hold
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