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200p

Pricedin Shared Ownership Advert Doing The Rounds On Youtube

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PRICES ARE GOING THROUGH THE ROOF!

WE'LL NEVER GET ON THE PROPERTY LADDER!

Now you can!.....As opposed to PricedOut, we have the originally named PricedIn.

Edited by 200p

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You know the old saw about how if you can't spot the mark at a poker game, then you are the mark. IMO the first phase of the collapse of the Ponzi post-2008 was a game between banks and in due course the banks that were actually the mark (e.g. Northern Rock and Bradford and Bingley) found out that they were actually the mark. Hence it was a game between financiers.

The next phase involves late entrant (i.e. post 2003) BTL and the housing associations finding out that they were actually the mark. It is a game between those who were financed by the financiers...

I've only worked the details for a one or two of the housing associations (e.g. Places for People), but they have lots of leverage - so what happens to them when house prices correct downwards provoked by modest re-normalisation of interest rates? These cretins offering their shared ownership are the mark at their stage of the game. The people wanting half a house at a price they can't afford are conspicuously the mark at their stage of the game. If you can't afford it, you can't afford it. The thing that is confusing people is how we reached a situation where lots and lots of people can't afford something that everybody needs and that can be built on a green field for about £60k. And the answer, unsurprisingly, is that they are the mark.

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Good analogy. If you cant work out who the patsy is at the poker table, then you are the patsy. I dont think we are at the vulnerable stage yet though as this houseprice rise isnt nationwide but mainly London and SE England centric.

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PRICES ARE GOING THROUGH THE ROOF!

WE'LL NEVER GET ON THE PROPERTY LADDER!

Now you can!.....As opposed to PricedOut, we have the originally named PricedIn.

Saw an advert for that mob on the train into London Bridge. And why aren't HPC'ers jumping onto Youtube to give the vid a thumbs down? It's time for direct action! ^_^

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They have 9 videos on that channel - fill your boots, Here's another one.

3.20mins, gives a breakdown of the numbers.

PROPERTY VALUE £290K

30% OWNERSHIP

£1000 PER MONTH PAYMENTS (rent+mortgage+service charge)

and the lady who speaks next pays £1100 per month.

Edited by 200p

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Saw an advert for that mob on the train into London Bridge. And why aren't HPC'ers jumping onto Youtube to give the vid a thumbs down? It's time for direct action! ^_^

Now that's action, it's now got more thumbs down than thumbs up. Two up and Three down :P

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