[Priced Out Of Housing?] Blame Labour.

[Charlie The Tramp Returns]

[Priced Out Of Housing?] Blame Labour. A Quick Recap on why the Labour Party are to blame

Margaret Thatcher brought in the RTB and everybody should be Home Owners attitude, helped along by the Landlord`s Charter creating the ASTs.

From this time onward the Housing Market first lost control.

In 1970 property depressed, bought my first home for £3.95k it was sold originally in 1967 for £4.5k, second home a 4 bed detached chalet house in 1976 for £17.95k, bought in 1973 for £17.50k, not much of a profit there for the seller, as in the hidden HP crash of 1976 property went negative in real terms at -13%.

Forty years on I have observed the HM and know the culprit who turned it never to be the same again.

[bogbrush]

Don't get me wrong, The Tories were absolutely useless in opposition. However, the backdrop to that is that everybody save a few voices in the wilderness, was lauding Brown as some sort of economic genius who had abolished 'boom and bust' - that is how it looked... The economy was growing, house prices were rocketing, we were buying more stuff, there were plenty of jobs... yet we all know now (as did some then) that the numbers didn't add up, debt was being used to give the impression of us becoming more wealthy and prosperous.

Nobody was asking the simple question: where is the money coming from?

The true crime is that privately, amongst friends and colleagues, many of us were. I lost count of the number of times I would start discussions with friends asking stuff like "if the trade balance is such a catastrophe, and all we're doing is telling each other our houses are worth more, then borrowing the extra and blowing it on foreign stuff, how can that go on?". I even wrote to a Cabinet Minister on the subject back in 2004 and go no kind of answer.

We aren't economists or experts - at least I'm not - just people who could see that this Emperor was wearing no clothes. It really wasn't hard.

That's why I take no notice of Peston and the rest of them, because when it looked good they were all miles up Browns @rse, and in being so they empowered him to make it worse and worse.

[eric pebble]

The true crime is that privately, amongst friends and colleagues, many of us were. I lost count of the number of times I would start discussions with friends asking stuff like "if the trade balance is such a catastrophe, and all we're doing is telling each other our houses are worth more, then borrowing the extra and blowing it on foreign stuff, how can that go on?". I even wrote to a Cabinet Minister on the subject back in 2004 and go no kind of answer.

We aren't economists or experts - at least I'm not - just people who could see that this Emperor was wearing no clothes. It really wasn't hard.

That's why I take no notice of Peston and the rest of them, because when it looked good they were all miles up Browns @rse, and in being so they empowered him to make it worse and worse.

Well put. Agree 100%.

[Uriah Heap]

I guess what I am saying is don't get mad at the Labour Party, get mad at the fiat currency system that allowed them to do such insane things.

I think it is fair to get mad at the Labour Party for failing to address the issue. It is supposed to be a socialist party and socialists believe in managing the economy precisely because the outcomes you get when you leave it to the free market are not what you would want.

That the other two parties would have been as bad or worse is irrelevant, because they both proclaim faith in a free market.

Labour failed to live up to its own principles, and that is the tragedy.

[Uriah Heap]

The true crime is that privately, amongst friends and colleagues, many of us were. I lost count of the number of times I would start discussions with friends asking stuff like "if the trade balance is such a catastrophe, and all we're doing is telling each other our houses are worth more, then borrowing the extra and blowing it on foreign stuff, how can that go on?". I even wrote to a Cabinet Minister on the subject back in 2004 and go no kind of answer.

We aren't economists or experts - at least I'm not - just people who could see that this Emperor was wearing no clothes. It really wasn't hard.

That's why I take no notice of Peston and the rest of them, because when it looked good they were all miles up Browns @rse, and in being so they empowered him to make it worse and worse.

+1

[PopGun]

Labour failed to live up to its own principles, and that is the tragedy.

Very true, however not really surprising given that they were too busy pretending not to be socialists.

[PopGun]

I can assure you, my contempt for Labour 1997-2010 knows no bounds. They did almost everything important wrong. Quite an incredible performance really.

yeah, all by accident of course........

Can so many people, over so many decades from so many different political view points, get so much so wrong ALL the time?!?

It's illogical captain.