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Sledgehead

Sky - Pre-budget:hesseltine & Independent On Housing

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Geoffrey Robinson tried his best to say Brown was going to do his thing for FTBs but Hesseltine and an independent guy weren't having it.

When asked whether thehousing market needed propping up, Hesseltine declared there was "no such thing as onward and upward - these things are cyclical."

He then went on to say the cooling was merely "just the return of sanity" to the market !!!!!!!!!!!!

He then went on to say that the changes to taxation wrt development land would actually keep house prices high and FTBs off the ladder!!!!!!!!!!!!!1

Then Geoffrey Robinson (one time bank-roller of Mandleson's house purchase) declared it was very imporatnt to get FTBs on the ladder.

However, the independent guy pointed out that shared equity would merely increase the buying power of one group against another and merely cause a transfer of ownership: what was needed was more housebuilding. Natuarlly Hesser gave the old land-tax-lack-of-logic argument another plug

Ah twas wonderful to see Robinson roasted!

Might even make up for Brown's inevitably vomit inducing performance. Expect bullish bluster and self-back-slapping. Best take the Milk of Magnesia now.....

Edited by Sledgehead

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Geoffrey Robinson tried his best to say Brown was going to do his thing for FTBs but Hesseltine and an independent guy weren't having it.

When asked whether thehousing market needed propping up, Hesseltine declared there was "no such thing as onward and upward - these things are cyclical."

He then went on to say the cooling was merely "just the return of sanity" to the market !!!!!!!!!!!!

He then went on to say that the changes to taxation wrt development land would actually keep house prices high and FTBs off the ladder!!!!!!!!!!!!!1

Then Geoffrey Robinson (one time bank-roller of Mandleson's house purchase) declared it was very imporatnt to get FTBs on the ladder.

However, the independent guy pointed out that shared equity would merely increase the buying power of one group against another and merely cause a transfer of ownership: what was needed was more housebuilding. Natuarlly Hesser gave the old land-tax-lack-of-logic argument another plug

Ah twas wonderful to see Robinson roasted!

Might even make up for Brown's inevitably vomit inducing performance. Expect bullish bluster and self-back-slapping. Best take the Milk of Magnesia now.....

For those with possibly short memories, enlightened though Heseltine's statement appeared, we must recall that he made his own fortune initially from housing profit. Yes, he had an Oxford degree and eventually bought and sort of ran a large publishing house, but his introduction to post-Oxford enterprise was to snap up all sorts of dreary and cheap (at the time) property around London and he became a toff decorator, splashing purple paint with his personal brush.

Yes folks his current poise as an ex-statesman and brilliantine Tory capable of illiciting orgasms from the menopausal fans who festooned the average Tory party conference, was all predicated on shoving on a pair of dungarees and doing what all the property ladder types do now...manipulating tongue and groove, plastering and hacking kitchen units to fit in impossible spaces.

That's what an Oxford education does for you! I believe he made several six figure sums applying his Oxford degree in this most noble of enterprises.

Of course now he is tranquil and posing as elder statesman, it is easy to forget that he was a mere wide boy playing the market, just like the people he now cautions with his artificial wisdom and pontifications that the cyclical market needs "adjusting". He himself took full advantage of an "unadjusted" market while the going was good at the right part of the cycle, FOR HIM.

No apologies given for pointing out a bit of hypocracy, however cuddly he now appears.

VP

Edited by VacantPossession

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Of course now he is tranquil and posing as elder statesman, it is easy to forget that he was a mere wide boy playing the market, just like the people he now cautions with his artificial wisdom and pontifications that the cyclical market needs "adjusting". He himself took full advantage of an "unadjusted" market while the going was good at the right part of the cycle, FOR HIM.

No apologies given for pointing out a bit of hypocracy, however cuddly he now appears.

He may of got his fingers burnt, so he understand cycles, nothing quite like experience grounded in reality... I prefer that to the sort of hypocracy we've seen from Gordon today.

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He may of got his fingers burnt, so he understand cycles, nothing quite like experience grounded in reality... I prefer that to the sort of hypocracy we've seen from Gordon today.

Yes I think his fingers did get burned, by the proximity of the large amount of dosh he gained while playing the very market he now advises is getting out of hand. How hypocritical would you like him to be?

VP

Edited by VacantPossession

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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