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El_Pirata

Crucial Psychological Crutch Kicked Away

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"The government won't let a crash happen" has always been one of the key arguments of property bulls, particularly the very dumbest "all my mates are doing it so I'd better" amateur BTL muppet. This has underpinned a number of presumptions, such as the idea that interest rates will not be allowed to rise any further because it would hurt the property market.

Now that Gordon Brown has turned round and in one fell swoop shafted thousands of property investors etc by scrapping the SIPPS tax breaks, at such short notice, it is patently clear to all that he has far from the friend of the property investor that many thought he was now that he has important things like the solvency of UK plc to worry about. I imagine there are a lot out there today feeling like jilted lovers or abandoned toddlers. No longer can they feel that they are part of Gordon's grand scheme, propping up the economy with their rampant speculation. In the past they have been treated with kid gloves by the government and the media. But Gordon has stuck two fingers up and tossed their spring bounce into the rubbish bin.

This will cause a massive change in sentiment. The message from on high is "you're on your own." Property investors can no longer feel that they are any safer from the slings and arrows of outrageous fortune that stock market or gold investors.

The game is up. The crash is on.

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"The government won't let a crash happen" has always been one of the key arguments of property bulls, particularly the very dumbest "all my mates are doing it so I'd better" amateur BTL muppet. This has underpinned a number of presumptions, such as the idea that interest rates will not be allowed to rise any further because it would hurt the property market.

Now that Gordon Brown has turned round and in one fell swoop shafted thousands of property investors etc by scrapping the SIPPS tax breaks, at such short notice, it is patently clear to all that he has far from the friend of the property investor that many thought he was now that he has important things like the solvency of UK plc to worry about. I imagine there are a lot out there today feeling like jilted lovers or abandoned toddlers. No longer can they feel that they are part of Gordon's grand scheme, propping up the economy with their rampant speculation. In the past they have been treated with kid gloves by the government and the media. But Gordon has stuck two fingers up and tossed their spring bounce into the rubbish bin.

This will cause a massive change in sentiment. The message from on high is "you're on your own." Property investors can no longer feel that they are any safer from the slings and arrows of outrageous fortune that stock market or gold investors.

The game is up. The crash is on.

And when you look at the other headline grabbing housing initiatives on the go, he is clearly lining himself up as the caring socialist, concerned about the plight of the poor FTB - this will clear him from any blame when prices fall.

Twice this morning I heard him use the phrase "housing boom" and talking as if he'd conquered it (conveniently forgetting that he'd allowed/encouraged it)

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"The government won't let a crash happen" has always been one of the key arguments of property bulls, particularly the very dumbest "all my mates are doing it so I'd better" amateur BTL muppet.

ETC

The game is up. The crash is on.

Not ONLY that but it is another prime example of the "leaders" (who are they???) of this country keeping the general 'herd' population running from one side of the field to the other - in a constant state of flux.

Look how the Govt/media have been pumping out one thing after another. Only the other day we had the new house deposit 'snoop' scheme etc

This is deliberate. Causes stress, anxiety and keeps the herd from settling down whilst they ruin the middle/upper-middle classes.

This Govt hell-bent on getting 75% home ownership in the UK. They are trying EVERYTHING in the book to achieve this!

WHY, WHY, WHY??????

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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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