Daily Mail =- Squeeze On Htb Mortgages

[Sour Mash]

The actual article is here: http://www.dailymail.co.uk/news/article-2621851/Squeeze-help-buy-mortgages-Bank-England-ready-act-house-price-bubble.html

It's just saying that the BoE is vigilant and HtB may be scaled back at some point in the future.

Not likely. HtB will be expanded and increased - it has to be to keep the plates spinning.

This is all the usual bankster style trick of trying to talk markets up/down without doing anything. e.g. Does no-one remember how Mervyn King was saying that the banks were going to be punished for their stupid decisions shortly before the BoE launched a massive bailout to get them off the hook?

[Debbiebegood]

Look on the bright side....when the bubble collapses, so will the government.

Trust in politicians and the government must be at an all time low. A massive swing to UKIP will worry them greatly and they might just re-think their policies ( for a few years at least ).

If they don't adjust their thinking the UK is in for a disaster and I for one want to be long gone if it comes to that.

They couldn't stop the collapse in 2008, they slowed the collapse in 2009/2010, they kept thinks ticking over in 2011/1012, they tried to re-inflate the bubble in 2013. All in all though all they've done is make a bigger hole and made it totally transparent for whom they answer to first. The internet is showing up the political system for what it is....a sick joke..

The 2nd collapse is coming...you can feel it in the air ( tonight ).

It is so hard to comprehend the idiocracy of what is happening around me in Lewisham.

Two bed Council flat with (urine stench all around) was 2 years ago sold for £160k, now asking price,wait-£400k! Same flat!

In Kensington, the guy I know paid exactly a year ago for also a 2bed Council flat £320k.Just today Foxton's valued it at £450k.

It is very hard to keep the blood pressure from jumping by the same amount.

I also think the end of the bubble might be near, but then again we thought that for all these years.

Both BTLetter and a buyer who want to live there, need a LIAR loan to afford this rent or mortgage.

Definetly liar loans will continue to infinity despite MMR new rules on mortgages.

Surely, all the above points to the fact that "cash rich foreign buyers" causing this has been a - myth. I still have not seen a rich Russian oligarch on this estate where above flat was " snapped" by him for £400k in cash.(That estate is just 100 yards from me, and we know those rich Russians-they are always bling bling with cars and everything).That elusive Russian will not get into BTL of this flat because the rent is in the region of £1,000 per month for that flat, whilst the mortgage is around £2,200 per month with around 10% deposit for 27 years. The above is just one example of great property "investment" into the UK safe heaven for "rich foreigners".Anyhow,that is what what media peddles and sheeple listen.

There is a great fraud behind all of this.

[wonderpup]

I'm coming to the conclusion that HTB is going to be a net vote loser for the tories as its now made the "prices rises might actually be a bad thing" narrative mainstream.

Yes- they lost control of the narrative. The plan was to pitch HTB as helping the 'little guy' who had no rich parents to gift him a deposit- not a bad little schtick really- it's no coincidence that the name 'Help to Buy' has a strong resonance with 'Right to buy' the idea was to repeat Thatcher's populist success.

But it's all gone horribly wrong I fear- instead of being hailed as the champion of the first time buyer Osborne is viewed as the man who single handedly set off housing bubble 2.0- which is not really true but since he is holding the only visible smoking gun in the form of HTB it's a perfect fit up.

[Venger]

Contrary to the popular belief, most purchases are made by the large "financial institutions"and only the small amount by liar loans through FLS to individuals. (This is also evident in America, the fact reported on this forum.)

As long as these "financial institutions" who have the Government in their back pocket continue to "buy" in large quantities (with FLS money and god knows what backdoor taxpayer funded scheme which we do not know of -yet) there will be an increase in house prices and decrease in supply of properties which will in turn increase prices further.

For investors... and 20K-30K such buyers in Help-To-Buy at the margin (and investor perception going frenzied)... meanwhile banks receiving pay down on existing debt, recapitalising, offloading assets back to market into the hype.

Could be the "financial institutions" will be prepared to allow one subset of investors feel the crash on portfolio, on purchases bought, for opportunity fresh investors in much wider market of buying/lending at much lower prices. (?)

A pump and dump operation. If you let a bank sucker you in... we used to say this all the time. You don't take a bank's advice. They exist to sell you debt/money, and will want to sell you money at times of negative opportunity. There's a new boom of good times coming, and it's for non-owners, younger people and savers, I hope, who have refused to overpay. Banks wanting a crash, and volume lending at lower prices to younger people. A world of shock for those who were complacent about how much their homes had risen over the decades.

[zugzwang]

Not likely. HtB will be expanded and increased - it has to be to keep the plates spinning.

This is all the usual bankster style trick of trying to talk markets up/down without doing anything. e.g. Does no-one remember how Mervyn King was saying that the banks were going to be punished for their stupid decisions shortly before the BoE launched a massive bailout to get them off the hook?

HtB3 for the regions in the Autumn budget?

[slacker]

There's a new boom of good times coming, and it's for non-owners, younger people and savers, I hope, who have refused to overpay.

Booms on the side of those without assets against those with assets are exceedingly rare.

The last time was around 1789 somewhere near Paris.

[Debbiebegood]

For investors... and 20K-30K such buyers in Help-To-Buy at the margin (and investor perception going frenzied)... meanwhile banks receiving pay down on existing debt, recapitalising, offloading assets back to market into the hype.

Could be the "financial institutions" will be prepared to allow one subset of investors feel the crash on portfolio, on purchases bought, for opportunity fresh investors in much wider market of buying/lending at much lower prices. (?)

A pump and dump operation.Banks wanting a crash,

I thought that for several years, but the reality is different. VI's do not need money. they just press enter at the BOE computer (or any other bank) and they have infinite amounts of money.

What they want are- debt slaves who will be docile and not join the public protest in fear of being chucked out of their new car and their rabbit hutch they call "home".

VI's want us to exchange everything we have:our savings, any equity,any pension, any shares we have + our remaining years slaving for them, our children's future for - their virtual computer money which they "invent" on a daily basis.

That way they dilute everything you have and finally when you have nothing to eat Big Daddy (Gov. and their VI's who always are ready to "help" us whilst watching every move we make) will give you that loan/mortgage which you would not need if you had a decent salary.

Of course, the most effective way of diluting and disolving our above assets is by pumping this virtual money into mortgages and NOT into economy.That is how they squeeze you, dilute you and disolve you including your future grandchildren and beyond.

[wonderpup]

VI's want us to exchange everything we have:our savings, any equity,any pension, any shares we have + our remaining years slaving for them, our children's future for - their virtual computer money which they "invent" on a daily basis.

That way they dilute everything you have and finally when you have nothing to eat Big Daddy (Gov. and their VI's who always are ready to "help" us whilst watching every move we make) will give you that loan/mortgage which you would not need if you had a decent salary.

Of course, the most effective way of diluting and disolving our above assets is by pumping this virtual money into mortgages and NOT into economy.That is how they squeeze you, dilute you and disolve you including your future grandchildren and beyond.

Yes- money for old rope would be hard work compared to banking- you would have to go fetch the rope whereas the banker simply creates money from nothing and charges interest on it- the closest thing to magic the human race has yet devised. The ability to create vast personal wealth from absolutely nothing.