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Wurzel Of Highbridge

Reallity Check, What The Hell Is Going On?

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Ok, I have been out of the country for a year now. I thought I would just check to see what houses prices are in Street (BA16), also checked out rent and the software jobs on Monster.

Didn't realize how good I had it here.

1, The IT wages seem to be either the same or higher than Bristol

2, The rent is much less

3, Property is much much less 1/2 hour drive from a major city.

4, Direct taxes are lower here* (*Well they are for me)

At this point I just do not understand why the UK is not right in the middle of a huge crisis. How the hell can people afford to pay their mortgages?

What a joke. All I can say is that I am glad I am looking from the outside in now instead of the inside out.

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News night just explained whats going on worth taking the time to view ,goes along the line`s of help to buy is nothing but Gidiots attempt to engineer a housing boom as his last hope because the export boom failed to materialise

USA on the road to recovery because it has taken its medicine (bankruptcy/mortgage default) Uk has not done the same so if HTB works we will be back to square one (every one up to there nuts in debt) but GDP will be looking good

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News night just explained whats going on worth taking the time to view ,goes along the line`s of help to buy is nothing but Gidiots attempt to engineer a housing boom as his last hope because the export boom failed to materialise

USA on the road to recovery because it has taken its medicine (bankruptcy/mortgage default) Uk has not done the same so if HTB works we will be back to square one (every one up to there nuts in debt) but GDP will be looking good

The panel's response (Kaletsky, Tett, Lamont) to this was interesting. A kind of head-shaking resignation that implied 'so the lunacy begins again'...

Edited by juvenal

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At this point I just do not understand why the UK is not right in the middle of a huge crisis. How the hell can people afford to pay their mortgages?

The uk is in the middle of a huge crisis. Almost everyone is despairing at help to buy now, adult children are living at home with their parents again, parents and grandparents see no hope for their children and grandchildren. Public perception has become that it doesn't matter who you vote for, they are all corrupt, every one is saying it now not just hpc people. The people that have no idea what's going on certainly know they are poor with no hope of ever getting anywhere.

I call that a crisis. The us is looking like an interesting place to move to?

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The panel's response (Kaletsky, Tett, Lamont) to this was interesting. A kind of head-shaking resignation that implied 'so the lunacy begins again'...

Yep HTB is starting to look as popular as wearing a big pointed white hat at a Bob Marley concert

How many fools are left out there will be the acid test for HTB ,IMO its just a shared equity scheme in another dress and they did not work but who knows

Edited by long time lurking

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I'm not sure that HTB is about a bubble for the sake of a bubble. I'm increasingly thinking that it's more about laying the groundwork for another colossal taxpayer-funded bank bailout. Osbourne knows that another overt one like 2008 would be political suicide, but he may think that shifting a big chunk of mortgage risk from the banks to the public via state guarantees is indirect enough that people won't be as outraged when it all goes kaboom.

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I have been thinking that it will all fall apart as we approach 2015. It seems like various factors are coming together and the can is reaching the end of the road.

To me then end of the road is 2015 as it is widely expected to be the year that the global economy will recover. The stock markets, property speculators, banks and government are gearing up for the great recover.

The problem is there will be no recovery in 2015 and it will be clear that the emperor has no clothes.

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I'm not sure that HTB is about a bubble for the sake of a bubble. I'm increasingly thinking that it's more about laying the groundwork for another colossal taxpayer-funded bank bailout. Osbourne knows that another overt one like 2008 would be political suicide, but he may think that shifting a big chunk of mortgage risk from the banks to the public via state guarantees is indirect enough that people won't be as outraged when it all goes kaboom.

I think you are a rare and perceptive voice .

I think tptb wouldn't mind a mini bubble but their priority is a long term diffusal with less obvious pain .

We need to face facts . The gross balance sheet is too big and savers and borrowers will both have to feel oain if we are to unwind . I think it's just a question of how this is skewed and shared .

It matters not ( from a big picture) whether this is diffused by individual private deleverage or shared via the state ( morality aside ) because they are ultimately the same source ( collectively )

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Replying to Reallity Check, What The Hell Is Going On?

What will go on will depend on whether the debts/bills are paid....how can there be a sustained recovery when businesses are not paid by those that owe them. ;)

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you should try moving London. asking prices rise before your eyes, and agents proudly state that many properties go for 10 - 20% above asking price to cash purchasers. Gone are the days of having a cash purchaser enables you to move up a rung of the ladder.Yes £600,000 for 80 square meters in not so smart Archway..

Agents talk sweet to purchasers to get them to a viewing on the same day and a bidding war starts to the vendors benefit.

That coupled with generation rent (which I am not), and one really feels my home town belongs to any one but me..

and of course the media love it..but what type of country creates this sort of market, and why don't people even care...

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you should try moving London. asking prices rise before your eyes, and agents proudly state that many properties go for 10 - 20% above asking price to cash purchasers. Gone are the days of having a cash purchaser enables you to move up a rung of the ladder.Yes £600,000 for 80 square meters in not so smart Archway..

Agents talk sweet to purchasers to get them to a viewing on the same day and a bidding war starts to the vendors benefit.

That coupled with generation rent (which I am not), and one really feels my home town belongs to any one but me..

and of course the media love it..but what type of country creates this sort of market, and why don't people even care...

They do care.......let them pay the price, more fool them.....London now belongs to anyone and everyone who has the cash to splash.....it is only the 'housing' cash/debt that is keeping the place together.....the more established over time have a large financial interest in keeping the prices booming, for to allow them to fall would put a real spanner in the works, things would not be so encouraging or comfortable then. ;)

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Ok, I have been out of the country for a year now. I thought I would just check to see what houses prices are in Street (BA16), also checked out rent and the software jobs on Monster.

Didn't realize how good I had it here.

1, The IT wages seem to be either the same or higher than Bristol

2, The rent is much less

3, Property is much much less 1/2 hour drive from a major city.

4, Direct taxes are lower here* (*Well they are for me)

At this point I just do not understand why the UK is not right in the middle of a huge crisis. How the hell can people afford to pay their mortgages?

What a joke. All I can say is that I am glad I am looking from the outside in now instead of the inside out.

Its coming the bust will be the biggest this country has ever seen, when Europe starts to recover thats when the UK will see a bust, its just crazy that the government did everything they can to keep prices up, but it getting too expensive to live in this country.

They are doing everything they can to reduce the benefit bill, but the more they do the more it will rise, they would be in a better place if they allowed housing rents/ prices to reduce. I remember looking at the welfare bill stats and saw a correlation to lower rents, higher pay and lower welfare bill, as opposed to higher rents lower pay higher welfare bill.

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and Osborne believes that if GDP looks good then interest rates remain low and the government debt can be serviced and inflated away ... this is why he has appointed Carney to engineer a property bubble ie 'growth' via HPI, implement 0.5% mortgage rates to stop people going bankrupt but still take on massive personal debt while turbo printing QE to create inflation.

And once people have been trapped into buying an overpriced slavebox the UK gov has got them as cheap labour for life.

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What got me started with this thread was the rose colored glasses and the fact it was raining yesterday :)

I thought, surely it wasn't that bad and slipped for a moment. 10 mins of research showed me that yes it really is that bad and nothing back in the UK for me unless I have 5 kids and don't fancy working more that 16 hours per week - that will be the default option if my skills become out of date and I am unemployed.

Just can't understand why people are putting up with it, having to go to pay day loans so that they can have a couple of drinks with friends at the weekend, etc..

There must be a lot of resentment growing in the UK.

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What got me started with this thread was the rose colored glasses and the fact it was raining yesterday :)

I thought, surely it wasn't that bad and slipped for a moment. 10 mins of research showed me that yes it really is that bad and nothing back in the UK for me unless I have 5 kids and don't fancy working more that 16 hours per week - that will be the default option if my skills become out of date and I am unemployed.

Just can't understand why people are putting up with it, having to go to pay day loans so that they can have a couple of drinks with friends at the weekend, etc..

There must be a lot of resentment growing in the UK.

From what I hear on here and elsewhere there are plenty who want more of the same. I think people in the UK have reached the acceptance stage and the Government (any government) now has a free run with most of the population now well and truly on the hamster wheel.

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What got me started with this thread was the rose colored glasses and the fact it was raining yesterday :)

I thought, surely it wasn't that bad and slipped for a moment. 10 mins of research showed me that yes it really is that bad and nothing back in the UK for me unless I have 5 kids and don't fancy working more that 16 hours per week - that will be the default option if my skills become out of date and I am unemployed.

Just can't understand why people are putting up with it, having to go to pay day loans so that they can have a couple of drinks with friends at the weekend, etc..

There must be a lot of resentment growing in the UK.

I would love to think that the majority of under 40s are getting more and more resentful, but away from the oasis of sense that is HPC I just don't see it. I'm just as pissed off about at the lack of outrage as I am at the deliberate attempts at TPTB to rig house prices and living costs in general. I always thought it was a lazy argument, but maybe the majority of the public really are just a bit dim?

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What got me started with this thread was the rose colored glasses and the fact it was raining yesterday :)

I thought, surely it wasn't that bad and slipped for a moment. 10 mins of research showed me that yes it really is that bad and nothing back in the UK for me unless I have 5 kids and don't fancy working more that 16 hours per week - that will be the default option if my skills become out of date and I am unemployed.

Just can't understand why people are putting up with it, having to go to pay day loans so that they can have a couple of drinks with friends at the weekend, etc..

There must be a lot of resentment growing in the UK.

There's a lot of unfocused & unthinking resentment/general anger, hence the rise in support for ukip & edl.

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I'm not sure that HTB is about a bubble for the sake of a bubble. I'm increasingly thinking that it's more about laying the groundwork for another colossal taxpayer-funded bank bailout. Osbourne knows that another overt one like 2008 would be political suicide, but he may think that shifting a big chunk of mortgage risk from the banks to the public via state guarantees is indirect enough that people won't be as outraged when it all goes kaboom.

I`m inclined to agree ,FLS ,HTB are just back door bailouts for the banks ,and like you say socialising the loses under the pretence of helping poor aspiring homeowners

None the less Gidiot is trying to make all the indicator`s point up just before the election`s in 2015 ,it`s a win win for the banks/politicians but not so good for joe public

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There's a lot of unfocused & unthinking resentment/general anger, hence the rise in support for ukip & edl.

A request: please don't put the words "ukip" and "edl" next to each other. It just reinforces the MSM meme that ukip are just a bunch of racist thugs.

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What got me started with this thread was the rose colored glasses and the fact it was raining yesterday :)

I thought, surely it wasn't that bad and slipped for a moment. 10 mins of research showed me that yes it really is that bad and nothing back in the UK for me unless I have 5 kids and don't fancy working more that 16 hours per week - that will be the default option if my skills become out of date and I am unemployed.

Just can't understand why people are putting up with it, having to go to pay day loans so that they can have a couple of drinks with friends at the weekend, etc..

There must be a lot of resentment growing in the UK.

Slightly of topic but if the bit in bold above is the same country wide as it is in my local wonga et al are going to take a hammering as the ones I know taking the loans have no intention of paying them back the feck them, if they are daft enough to give it to me it`s their problem seems to be spreading like a virus

Edited by long time lurking

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Slightly of topic but if the bit in bold above is the same country wide as it is in my local wonga et al are going to take a hammering as the ones I know taking the loans have no intention of paying them back the feck up if they are daft enough to give it to me it`s their problem seems to be spreading like a virus

Once upon a time it used to be that two wrongs didn't make a right....today it is more like two wrongs make it right. ;)

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Once upon a time it used to be that two wrongs didn't make a right....today it is more like two wrongs make it right. ;)

Quite right ,but I`m starting to see real desperation in the youngsters,they now have a dole day and a wonga day

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From what I hear on here and elsewhere there are plenty who want more of the same. I think people in the UK have reached the acceptance stage and the Government (any government) now has a free run with most of the population now well and truly on the hamster wheel.

Yes. For years on HPC people have been saying 'a crash is just around the corner' and yet it never comes. The government seems clever enough to keep things ticking over with endless tinkering and endless 'jam tomorrow' schemes, and the majority of the population are dim enough to accept it. I don't think there will be any sufficiently obvious crisis point which will make people wake up.

All we can do is protect ourselves and our assets as best we can and I think HPC does a great job in encouraging individual awareness (it certainly helped me) but there's going to be no HPC equivalent of the Second Coming...

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  • 238 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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