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apom

Lets Get It Straight.

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People have just swapped money around.

and most have agread to provide this money over the next 25 years.

It has bought no money in to the economy.

It has only taken a good chunk of the money the economy has now, and would have had over the next quater centuary and locked it away as loans from a bank.

High house prices have removed money from the economy, not bought money in.

and if prices continue where they are the the economy will continue to be weaker.

High house prices weaken the economy.

This is fact..

One of the orriginal and often forgotten facts.

But a fact.

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High house prices have removed money from the economy, not bought money in.

High house prices weaken the economy.

This is fact..

Spot on, odd how people don't see this

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At least those of us that haven't taken on too much debt will be able to look forward to many years of retail sales. Who's for a half price plasma?

And technology will advance as new ways of making people spend money will be found - i.e. new computers, devices, etc, etc.

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And technology will advance as new ways of making people spend money will be found - i.e. new computers, devices, etc, etc.

Hey!! Is that Tony Blair in drag and a Gordon Brown gimp in your avatar photo?

av-280.jpg

:unsure:

Edited by werewolves

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Hey!! Is that Tony Blair in drag and a Gordon Brown gimp in your avatar photo?

Nah, it's me and my ex. She is shacked up now with a dairy farmer. That's what happens when you get your wife interested in cowhide! :unsure:

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People have just swapped money around.

and most have agread to provide this money over the next 25 years.

It has bought no money in to the economy.

It has only taken a good chunk of the money the economy has now, and would have had over the next quater centuary and locked it away as loans from a bank.

High house prices have removed money from the economy, not bought money in.

and if prices continue where they are the the economy will continue to be weaker.

High house prices weaken the economy.

This is fact..

One of the orriginal and often forgotten facts.

But a fact.

Not quite. Money created as mortgages accounts for the vast bulk of money in circulation. Therefore, huge mortgages, often tied to speculative BTL punts have brought vast amounts of new money into circulation, winding up as deposits in various bank accounts. For a few years the system was swimming in money.

When the debt burden becomes too high - you are right - that money gets sucked back in, taken out of circulation as people 'cut back' and pay back interest-laden loans to banks. This is at the very time the debt burden slashes consumer expenditure and 'stagnates' the housing market. Just when more money is needed - to create jobs, to ease the burden - it gets sucked up!

That's the debt-based economy for you. Ain't it grand?

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People have just swapped money around.

and most have agread to provide this money over the next 25 years.

It has bought no money in to the economy.

It has only taken a good chunk of the money the economy has now, and would have had over the next quater centuary and locked it away as loans from a bank.

High house prices have removed money from the economy, not bought money in.

and if prices continue where they are the the economy will continue to be weaker.

High house prices weaken the economy.

This is fact..

One of the orriginal and often forgotten facts.

But a fact.

that's all the world really is apom,just a big money-transfer exercise.

those who think wealth is created,B0LL0CKS.

...the wealth is merely sucked from one place to another as money seeks to make the best returns.

...the returns are generated by products that can do more with less....it applies as much to people,hence the best brains emigrate to where they find the best reward for their talent......but it is not one way traffic....these things ebb and flow.

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People have just swapped money around.

and most have agread to provide this money over the next 25 years.

It has bought no money in to the economy.

It has only taken a good chunk of the money the economy has now, and would have had over the next quater centuary and locked it away as loans from a bank.

High house prices have removed money from the economy, not bought money in.

and if prices continue where they are the the economy will continue to be weaker.

High house prices weaken the economy.

This is fact..

One of the orriginal and often forgotten facts.

But a fact.

Tend to agree.

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  • 302 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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