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High Prices Bad But We'd Sink Otherwise

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Yes. At least the comments are sensible:

Here here! eh? We must have more debt. Absolutely can't do without it. We are weighed under with more personal debt than at any time in our history. It is no time to turn back now.

Or...

allow banks to go under, because the economic model that you want to sustain has imploded before our eyes on an absolutely spectacular scale.

The whole model is like a game of pass the parcel. While the music plays, everyone is alright just taking out higher and higher loans, often by lying about their income. But if the music stopped as it did in 2008, the world implodes. So what do we do?

Use our taxes to blow the whole bubble up again, allowing insolvent banks to print more money and bigger bonuses. When does this stop? When the next generation goes £50k each into student debt and we ask them to take out a half million pound loan for a bedsit??

250 years of economics study, and this is what we come up with! Utterly pathetic! Ireland is suffering. But in three years' time, its young will have affordable homes, and the economy will recover because of it. We will be the zombies.

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250 years of economics study, and this is what we come up with! Utterly pathetic! Ireland is suffering. But in three years' time, its young will have affordable homes, and the economy will recover because of it. We will be the zombies.

Exactly. As they will in the States.

Until we riot and string up a few of the banksters who are controlling the politicians, nothing will change.

Too many vested interests in the 40s and upwards age group, it's the young that must force the changes, supported by those oldies that are less greedy.

It's time we asked Economics teachers at school to teach their classes that their future is to eat beans living in a rented bedsit that is part of a banksters portfolio slaving at 3 jobs to pay off their education loans, unless their parents are banksters themselves. Over time, that might just get them going enough.

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The bigger problem is that, for good or ill, our economy now depends in significant part on the property market.

To make homes really affordable would take such a price crash that, were it to happen, it would cripple the recovery and probably drive banks under.

So, two very bold statements - he must be offering plenty of evidence to back this up, musn't he? Uh, no actually he doesn't offer any.

I think this is called wishful thinking of a BTLer parading itself as journalism.

Ex-speechwriter for Bliar as well - wow they really did all have their snouts in the trough didn't they.

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Yes. At least the comments are sensible:

Here here! eh? We must have more debt. Absolutely can't do without it. We are weighed under with more personal debt than at any time in our history. It is no time to turn back now.

Or...

allow banks to go under, because the economic model that you want to sustain has imploded before our eyes on an absolutely spectacular scale.

The whole model is like a game of pass the parcel. While the music plays, everyone is alright just taking out higher and higher loans, often by lying about their income. But if the music stopped as it did in 2008, the world implodes. So what do we do?

Use our taxes to blow the whole bubble up again, allowing insolvent banks to print more money and bigger bonuses. When does this stop? When the next generation goes £50k each into student debt and we ask them to take out a half million pound loan for a bedsit??

250 years of economics study, and this is what we come up with! Utterly pathetic! Ireland is suffering. But in three years' time, its young will have affordable homes, and the economy will recover because of it. We will be the zombies.

A nice summing up of the insanity.

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Exactly. As they will in the States.

Until we riot and string up a few of the banksters who are controlling the politicians, nothing will change.

Too many vested interests in the 40s and upwards age group, it's the young that must force the changes, supported by those oldies that are less greedy.

It's time we asked Economics teachers at school to teach their classes that their future is to eat beans living in a rented bedsit that is part of a banksters portfolio slaving at 3 jobs to pay off their education loans, unless their parents are banksters themselves. Over time, that might just get them going enough.

Only if they can find three jobs to work at. I'm not as optimistic as you....

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When the next generation goes £50k each into student debt and we ask them to take out a half million pound loan for a bedsit??

This time next year half a million pounds will buy a couple loaves of bread... if you get to the shop first thing in the morning. :D

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  • 312 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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