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Nadeem Walayat Has Really Pulled His Finger Out This Time


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HOLA441

Its now government policy. Confirmed by OBR. Absurd it may be, but happening it is.

(cant find the other Walayat thread)

And yet some were expecting Autumn Statement to raise IHT Threshold to £1 million pounds lol. People on the forum and in the newspapers putting it up as a likelihood for a vote winner - when it's already been frozen 5-6 years at current level.

OBR... take your bearings with them if you want to. I have not read one explanation why individuals would take on even bigger mortgages against the forecasted deep public spending cuts. OBR have only been around a few years - can disappear just as quickly.

HPC and volume fresh lending on lower house prices. It's pure joy win for so many market participants, including the banks and the government, from my point of view.

Wataloon has creatively edited out a decade of rampant house price inflation to the left of that chart in order to make the period 2009-13 look like a price floor rather than a ceiling.

Asset prices and current prices are already wildly out of equilibrium and yet we are expected to believe that the long-term effect of govt policy will be to drive them even further apart? Absurd.

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