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Namaste

Ronnie O'sullivan Likes A Crash

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Just came across his twitter feed https://twitter.com/ronnieo147, some recent comments:

The new housing bubble in this country will again turn into a huge crash.. Baby it's coming

Don't take the bait debt is debt don't get your self into more debt.. It only plays into the elites hands

They get richer and the poor certainly will get poorer .. Don't take the bait.. Refuse debt refuse 90 per cent mortgages

It will end negative equity making u give your home back to the banks .. Stealing your wealth is the name of the game .. Kerching£££££

Decent bloke :)

Edit: duplicate thread, sorry

Edited by Namaste

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Probably ten years too late, we're the minority now. They will move heaven and earth to keep the majority in houses, I have no doubt about it now. Further when labour wins the next election it will be more of the same.

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Its a trap for the rich too as their earnings buy less. I have friends living in a modest North London suburb and one of their neighbours over the past decade have gone from reality tv celeb to soap star, and now they have their first Hollywood 'A' lister. Now if I were a Hollywood A lister I'd expect slightly more than a modest terrace near Finsbury Park

Edited by aSecureTenant

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Probably ten years too late, we're the minority now. They will move heaven and earth to keep the majority in houses, I have no doubt about it now. Further when labour wins the next election it will be more of the same.

Only 37% of households have mortgages. We are still within 25 years of cheap houses (mid 1990s) so many of those mortgages will be tiny. Maybe only 25%-30% of the population is actually in the position of needing low interest rates to stay above water on their mortgage. Meanwhile, the other 70-75% of the population is suffering from the inflationary consequences of this policy and reaping none of the benefits.

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