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The Masked Tulip

Daily Politics On Bbc2 Now - Housing Bubble

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As per title.

I'm at work, but let us know what comes up TMT.

Will anyone notice we've been in a bubble for 15 years, or will they just be fretting about a potential 'new' bubble? I won't get my hopes up.

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Andrew Neil asks the question - is it a UK housing bubble or a London houding bubble?

His guest just mentioned that H2B is a ponzi scheme and, in answer to the above question, said that it is a bubble. His guest says that BTL is extending the bubble but ultimately it will bring down the banks again.

Neil talks about London property being used to launder money crom overseas.

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Chap now talking about H2B being needed to help kickstart the banks :rolleyes: He might be a politician.

The sensible guy is talking about affordable social housing in London not being sold to the people who need it. Mentions that bank of Mum and Pop is only allowing people to get mortgages. Says that the banks need to be reigned in and to say that interest rates cannot be used to control house bubbles is just wrong. Mentions Carney's Canada housing bubble.

You HPCers need to watch this on iplayer later on.

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Andrew Neil asks the question - is it a UK housing bubble or a London houding bubble?

His guest just mentioned that H2B is a ponzi scheme and, in answer to the above question, said that it is a bubble. His guest says that BTL is extending the bubble but ultimately it will bring down the banks again.

Neil talks about London property being used to launder money crom overseas.

Did he mention that might be just a cover story for the banks funneling free and subsidised money from savers and taxpayers into London property.

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The sensible guy is either a Yank or Canadian. Some politicians on also but only the 'Yank' is speaking commonsense. Didn't hear his name.

So, as always, only those outside the UK can see the current madness for what it really is.

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Fergus says: its no bubble, houses double every 7 years...it's the law

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I did notice Andy Hamilton having a bit of a moan about the housing situation we have in this country on 'Have I got news for you' this week, basically saying that the older generations are screwing the younger generations with the cost of housing, I only watch the longer version so maybe it was edited out of the short one most people watch.

The sentiment is leaking out all over the place.

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I'm at work, but let us know what comes up TMT.

Will anyone notice we've been in a bubble for 15 years, or will they just be fretting about a potential 'new' bubble? I won't get my hopes up.

Don't.

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I did notice Andy Hamilton having a bit of a moan about the housing situation we have in this country on 'Have I got news for you' this week, basically saying that the older generations are screwing the younger generations with the cost of housing, I only watch the longer version so maybe it was edited out of the short one most people watch.

The sentiment is leaking out all over the place.

**** about face in that argument...the people doing the screwing are the financialisers...burned out by 35.

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**** about face in that argument...the people doing the screwing are the financialisers...burned out by 35.

Poor things. Is it the cocaine, the whores or the dwarf entertainment that does them in?

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I did notice Andy Hamilton having a bit of a moan about the housing situation we have in this country on 'Have I got news for you' this week, basically saying that the older generations are screwing the younger generations with the cost of housing, I only watch the longer version so maybe it was edited out of the short one most people watch.

The sentiment is leaking out all over the place.

Yes I saw this on the 'Have I got a bit more news for you' show, it might have been cut out of the normal version of the show. There was chatter about the young being screwed by the older generation a little earlier in the show. Then in guess the caption, there was something along the lines of "old mice take 'blank' from young mice", and Hislop said 'housing opportunities'. The actual answer was blood and it was about some scientific experiment where injecting blood of younger mice into older mice made the older mice appear younger and fitter. Then Hamilton said something along the lines of "it would be a fitting end, we've taken your houses, your jobs, and now we're going to take your blood".

The stunted reaction from the likely middle aged and above audience spoke volumes.

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I'll make sure I watch this later after I finish work. Did they mention the lair loans that built the bubble up in the 00's?

The switched on chap mentioned something about this being a continuation of the earlier bubble.

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Watched this.. the politicians were an embarrassment, the guy from the us (or canada?) spoke sense but was often unfairly shut down by brillo. The pensions expert also identified it as a bubble, and mentioned the fact that we had a bubble prior to 2008 as well.

A non-hpc view is looking more and more ridiculous with each passing day. The politicians are a joke.

The tide has certainly turned with regard to opinion. How much longer could everyone ignore that the under 40s can't afford housing?

Edited by cybernoid

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Andrew Neil asks the question - is it a UK housing bubble or a London houding bubble?

His guest just mentioned that H2B is a ponzi scheme and, in answer to the above question, said that it is a bubble. His guest says that BTL is extending the bubble but ultimately it will bring down the banks again.

Neil talks about London property being used to launder money crom overseas.

As someone said on a thread yesterday, they (PTB, Media) are now portraying the bubble as a bubble and saying that Bubble = Bad. Large Popping sound Ahoy IMO. Whether the PTB are going to actively burst it, or they know they can`t stop it bursting I`m not sure, but the tone in the media is that the record is being yanked off the turntable with a nasty scratch on the last track of side two.

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Andrew Neil asks the question - is it a UK housing bubble or a London houding bubble?

His guest just mentioned that H2B is a ponzi scheme and, in answer to the above question, said that it is a bubble. His guest says that BTL is extending the bubble but ultimately it will bring down the banks again.

Neil talks about London property being used to launder money crom overseas.

Wow, hard hitting stuff for mainstream TV? What next, the Cgagno mushroom cloud behind the BBC "news" readers?

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Watched this.. the politicians were an embarrassment, the guy from the us (or canada?) spoke sense but was often unfairly shut down by brillo. The pensions expert also identified it as a bubble, and mentioned the fact that we had a bubble prior to 2008 as well.

A non-hpc view is looking more and more ridiculous with each passing day. The politicians are a joke.

The tide has certainly turned with regard to opinion. How much longer could everyone ignore that the under 40s can't afford housing?

I just watched it. I also felt that Mitch Feierstein got shot down too much, probably because its on the BBC and they all are full of BTL! Same old rubbish from the politicians with price aren't back to 2007 peak yet!

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