Jump to content
House Price Crash Forum

Recommended Posts

Yes I heard that. HPC will be outlawed too. And 125 year mortgages made available to all.

Tory bloggers like the sound of that.

http://conservativehome.blogs.com/platform/2010/03/peter-king-the-lessons-to-be-learnt-from-the-right-to-buy-thirty-years-on.html

Seriously, i dont care who wins the election. I just hope Green, BNP, english democrat, loony, communist, christian, UKIP, whoever, clean up in every constituency. Wont happen, but neither liblabcon deserve a single vote.

The big three are killing this nation.

Link to post
Share on other sites
  • Replies 212
  • Created
  • Last Reply

Top Posters In This Topic

Here we are on the eve of another budget speech. Will it be another 'wasted opportunity' ?At the time of the last one, someone on here posted a budget speech, and it was one of the best posts I've ever read. Whoever you are, if you are reading this, could you do another one please?

would you be so kind as to post a link?

Link to post
Share on other sites

would you be so kind as to post a link?

I found it! Posted by 'Moo' on the 12.02.09. Well, here's the budget speech in advance..."Mr. Speaker, this government has bought the country ninety four years of sustained growth inflation low plastic toy fun employment better than under the Tories. Recent events global Yanks and Banks better placed low interest debt readjustment better placed employment local under the Tories higher lower than before. Growth for 2008 was descending greater than the Tories low inflation adjusted at even mid point boom very good as expected, and growth in 2009 v-shaped rising employment lending stability framework growing better more billions than under the Tories recovery by tomorrow.Lending bank support more than Tories doing something recovery with Sterling jobs and sustained interest rates inflationary job pressures in billions exceeding most numbers in a good way. Exports.In 2009, the government will pledge introductory grant job scheme pumping twelve million primes more than under the Tories to offset deflationary stability in the next quarter and at other times to be outlined last year. Hard-pressing work families will receive 92% more billions on additional basis' over and under fiscal prudence benefit with children. And pensioners. And poverty lifts, Mr. Speaker, will be additional billions in both percentage and terms and conditions over the cycle.We Bank of the England reports not that the beams will cross. Borrowing and state that there's enough from external sources is below the line and Tories. Hard families benefit additionally from police fire and billions of oil spike growth. The absolute value is positive and above minima.Tax reciepts for all quarters will exceed Tory halves by stability margins greater than any previous downturn or lesser amount. 12% extra is both expected and exported Sterling debt reduction. Cigarettes will cost a bit more. The tax shower is golden and will be met, making growth going forward without mean educational testing under the Tories.I commend this budget to the property. House. Mortgage."

Edited by uptherams
Link to post
Share on other sites

don't think abolishing stamp duty under £250,000 house price will make a lot of difference as it is only 1% anyway and that can easily be shaved off a purchase if you bargain hard. or the sellers will up the price!

suspect it will be a vote grabber budget (if AD is under the thumb of GB) or realistic if AD is his own man - not sure what to think.

Edited by olliegog
Link to post
Share on other sites

I found it!  Posted by 'Moo' on the 12.02.09. Well, here's the budget speech in advance..."Mr. Speaker, this government has bought the country ninety four years of sustained growth inflation low plastic toy fun employment better than under the Tories. Recent events global Yanks and Banks better placed low interest debt readjustment better placed employment local under the Tories higher lower than before. Growth for 2008 was descending greater than the Tories low inflation adjusted at even mid point boom very good as expected, and growth in 2009 v-shaped rising employment lending stability framework growing better more billions than under the Tories recovery by tomorrow.Lending bank support more than Tories doing something recovery with Sterling jobs and sustained interest rates inflationary job pressures in billions exceeding most numbers in a good way. Exports.In 2009, the government will pledge introductory grant job scheme pumping twelve million primes more than under the Tories to offset deflationary stability in the next quarter and at other times to be outlined last year. Hard-pressing work families will receive 92% more billions on additional basis' over and under fiscal prudence benefit with children. And pensioners. And poverty lifts, Mr. Speaker, will be additional billions in both percentage and terms and conditions over the cycle.We Bank of the England reports not that the beams will cross. Borrowing and state that there's enough from external sources is below the line and Tories. Hard families benefit additionally from police fire and billions of oil spike growth. The absolute value is positive and above minima.Tax reciepts for all quarters will exceed Tory halves by stability margins greater than any previous downturn or lesser amount. 12% extra is both expected and exported Sterling debt reduction. Cigarettes will cost a bit more. The tax shower is golden and will be met, making growth going forward without mean educational testing under the Tories.I commend this budget to the property. House. Mortgage."

Agreed a totally irrelevant budget as both parties will have to have an emergency budget after the election which adresses reducing the budget deficit. Are politicans so thick that they think anyone will believe what they say ?

Link to post
Share on other sites

don't think abolishing stamp duty under £250,000 house price will make a lot of difference as it is only 1% anyway and that can easily be shaved off a purchase if you bargain hard. or the sellers will up the price!

suspect it will be a vote grabber budget (if AD is under the thumb of GB) or realistic if AD is his own man - not sure what to think.

Won`t markets react quickly if it is anything less than realistic? International investors surely don`t care about how shocked the UK sheeple are? Why would markets wait for the panto performance of an election followed by another budget?

Link to post
Share on other sites

don't think abolishing stamp duty under £250,000 house price will make a lot of difference as it is only 1% anyway and that can easily be shaved off a purchase if you bargain hard. or the sellers will up the price!

suspect it will be a vote grabber budget (if AD is under the thumb of GB) or realistic if AD is his own man - not sure what to think.

Yeah, what's 1% of 250k anyway...pocket money.

Link to post
Share on other sites

Clearly there is still some belief in government and opposition that rising house prices is what is needed.

They should pause for one second and consider the facts. Mortgage debt is being paid DOWN by borrowers experiencing record low interest rates. This means two things:

1 ) borrowers no longer believe leverage in property is the route to wealth;

2 ) they are worried they will have to find the money in the future for current government largesse.

These two factors tell us that every penny of taxpayers money thrown at the property market is wasted money. Moreover, as wasted money it merely makes 2 bigger, exacerbating the problem for every day of its existence.

The problem the government faces with such a wrecked economy, is that EVERY penny spent on ANY 'cunning plan' suffers the same fate. It's such a shame: before this nasty dose of reality the government had only to hint at some extra spending here or there and the private sector would jump all over the "opportunity" like zebedee on acid, pouring in extra money, much of it borrowed into existence. The resulting kick to growth seemed so real. Now however, that government money vanishes into a black pit of deleveraging. And it will continue to so long as people believe we have not sufficiently paid off the excesses of the past.

Link to post
Share on other sites

Oh dear oh dear. Now the BBC main headline. I can imagine discussions went on about the impending crash due to Jan’s figures so McBroon was probably propositioned to restamp the 175k rate, but in his rage and ‘I know best’ mood he probably grumbled a furious DOUBLE IT.

Are there any suckers left?

Link to post
Share on other sites

Oh dear oh dear. Now the BBC main headline. I can imagine discussions went on about the impending crash due to Jan’s figures so McBroon was probably propositioned to restamp the 175k rate, but in his rage and ‘I know best’ mood he probably grumbled a furious DOUBLE IT.

Are there any suckers left?

One born every minute. Therein the conudrum; as time goes by there is always a replacement fool.

Link to post
Share on other sites

BBC News at 10 reporting that stamp duty to be abolished on all house purchases up to £250 K

Not sure how long it has been their policy, but...

http://www.conservatives.com/Policy/Where_we_stand/Housing.aspx

Scrapping Stamp Duty for first-time buyers on homes up to £250,000, so that nine out of ten pay nothing

Link to post
Share on other sites
Guest Laborrower

Tory housing policy seems to be rather similar to Kirstys!

You've gotta love New Labour. Just like some use a sledgehammer to crack a nut, they use a rubber mallet to break an iceberg

First the 2.5% VAT cut

now this.

Wow! The £202,000 house is now only £200,000. JUMP IN!

Link to post
Share on other sites

What time does Pinnochio get up to speak?

I think it's 1PM, so presume straight after PMQs? Though I had thought that budget speeches were always done at 3 PM.Oops. Seems it's 12.30 pm.

Edited by uptherams
Link to post
Share on other sites

Yes I heard that. HPC will be outlawed too. And 125 year mortgages made available to all.

Exactly. Very populist and very damaging. And the Conservatives had the same policy.

Home owners will love it, and the sheeple will love it too! :(

What a government.

What a sheeple.

:(

Emigration?

Such a hassle... :(

Link to post
Share on other sites

Clearly there is still some belief in government and opposition that rising house prices is what is needed.

They should pause for one second and consider the facts. Mortgage debt is being paid DOWN by borrowers experiencing record low interest rates. This means two things:

1 ) borrowers no longer believe leverage in property is the route to wealth;

2 ) they are worried they will have to find the money in the future for current government largesse.

These two factors tell us that every penny of taxpayers money thrown at the property market is wasted money. Moreover, as wasted money it merely makes 2 bigger, exacerbating the problem for every day of its existence.

The problem the government faces with such a wrecked economy, is that EVERY penny spent on ANY 'cunning plan' suffers the same fate. It's such a shame: before this nasty dose of reality the government had only to hint at some extra spending here or there and the private sector would jump all over the "opportunity" like zebedee on acid, pouring in extra money, much of it borrowed into existence. The resulting kick to growth seemed so real. Now however, that government money vanishes into a black pit of deleveraging. And it will continue to so long as people believe we have not sufficiently paid off the excesses of the past.

Spot on.

The reality check following the G.E. will be like the 'Titanic' hitting the iceberg.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.