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The Masked Tulip

Falling Prices 'draining Brit Pension Pots'

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Falling house prices have wiped off £29bn from British pension pots this year as nearly a tenth of the population relies on property to fund their retirement, new research reveals...

With three million working Britons relying on their property to supplement their pension, tumbling house prices have wiped £29bn off the value of their property pension pots this year alone, according to Baring Asset Management.

http://www.themovechannel.com/news/2c5d8e3d-8dcf/

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While at the same time giving millions of young people the chance to actually pay into a pension rather than spending on their income on living costs.

Still I'm sure all these people who 'invested' in pension houses new the risks and the vast majority will still be sitting on huge profits even after a full blown HPC.

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Blimey.

It's so hard to see how people aren't screwed. If you've saved, you're screwed due to low interest rates. If you became a landlord, you're screwed as property prices drop.

What's the end game of all of this?

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If they bought a house to live in, they don't suffer, because they won't sell it and be happy not to have to pay a rent.

If they bought a house to let, they don't suffer, because they won't sell it and be happy with the fixed income.

If they bought a house with the intent of using home equity or speculate on the resale price, they were not saving for their retirement age but doing a speculative operation, with associated risks. Where is the problem exactly ?

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No mention of...ridiculously inflated housing bubble making pension pots seem better than they are whilst destroying the economy of the nation, lining the pockets of the bankers and indebting the taxpayers for a generation or more.

Am I being negative ? :lol::lol::lol:

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While at the same time giving millions of young people the chance to actually pay into a pension rather than spending on their income on living costs.

Still I'm sure all these people who 'invested' in pension houses new the risks and the vast majority will still be sitting on huge profits even after a full blown HPC.

well, exactly.

falls (rises) in house prices take money from the pockets [call it pension pot, wealth, income, whatever you like] of the old (young) and put it in the pockets of the young (old). it's entirely zero sum.

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Tragic. Instead of house prices tripling or quadrupling since 1995 theyll have to settle with them only doubling. Still a 50% bigger increase than wages, but who counts wages. Pedantic luddites.

Wages..dont be daft.,,,who needs themwhen you can magic money out of nothing.

Next you'll be saying you should be saving some of your "wages".

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Blimey.

It's so hard to see how people aren't screwed. If you've saved, you're screwed due to low interest rates. If you became a landlord, you're screwed as property prices drop.

What's the end game of all of this?

Demographic inevitability.

Retiring boomers means the national pension pot is not adequate to go round everyone claiming on it. So we're all losing value compared to existing pensioners: a higher overall pot, but a lower individual pot per person. Over the next 20 years it can only get worse as the boom-bulge works its way through the system, before improving for those who are currently much younger.

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Blimey.

It's so hard to see how people aren't screwed. If you've saved, you're screwed due to low interest rates. If you became a landlord, you're screwed as property prices drop.

It's the people who created the bubble, got in at the start, knew what was going on and got out at the top that are fine. They've made the money, we're not paying.

The rest of us, it would appear, are here to serve them and they care not about the consequences for us and everyone else.

Welcome to the world of banking.

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While at the same time giving millions of young people the chance to actually pay into a pension rather than spending on their income on living costs.

+1

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While at the same time giving millions of young people the chance to actually pay into a pension rather than spending on their income on living costs.

Yes, it's pure transfer, no value passes back in trade

That's the bit obscured by a common blind spot

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While at the same time giving millions of young people the chance to actually pay into a pension rather than spending on their income on living costs.

Or start a business, or have a family or even spend in the economy.

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Ah diddums. The free pension supplementor isn't working anymore.

Perhaps they'll just have to work a little harder and save a little more instead of expecting the next generation to line their pockets at 65.

Or slowly use their capital, instead of expecting to sit on it and just live off the interest.

There's no pockets in shrouds.

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Blimey.

It's so hard to see how people aren't screwed. If you've saved, you're screwed due to low interest rates. If you became a landlord, you're screwed as property prices drop.

What's the end game of all of this?

The end game is that - unless you're Chinese or Indian - you'll be worse off.

Those in the West simply cannot continue to enjoy the lifestyles to which they have become accustomed whilst we have only 1 Earth to share out.

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  • 244 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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