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Trampa501

Will Foreign Governments Follow The Uk's Lead In Propping Up House Prices?

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The 'free market' US was the first with freddie and fannie, wasnt it?

Although its more propping up mortgages than anything...you do tend to get $300k of house for a $300k mortgage in most parts of the US outside a few urban markets.

Looks like the US will raise interest rates. Annuities and pensions have suffered massively over the last few years. I'd say its more likely the world is heading in the opposite direction to that which gidiot desires.

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I think it's hard to compare tax and benefits between countries, but I do think the madness has infected germany. Loads of property porn on tv. The next big plan of the coalition is to increase housing benefit.

The trouble is these days, there is basically no reward for good behaviour. If you do the rifght thing, you are still going to get fecked over at the end . It works at a national level too. Just look at all the people ready to blame Germany for the euro mess. And life just looks so much more fun in those countries that are living it up on free money through housing bubbles.

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I think it's hard to compare tax and benefits between countries, but I do think the madness has infected germany. Loads of property porn on tv. The next big plan of the coalition is to increase housing benefit. The trouble is these days, there is basically no reward for good behaviour. If you do the rifght thing, you are still going to get fecked over at the end . It works at a national level too. Just look at all the people ready to blame Germany for the euro mess. And life just looks so much more fun in those countries that are living it up on free money through housing bubbles.

I somewhat disagree there. As the lender, or de facto lender, they are always in the dominant position regarding a debtor-creditor relationship. They already knew The greeks (assisted by goldman sachs) had commited fraud to join the Euro, yet lent them billions anyway. They have continued to lend more and more despite knowing they could not pay the original loans back...just as a loan shark might.

Germany has let their europhile tendencies get the better of them and not applied logic. However much the Germans get their fingers burnt with the PIIGS, they have only themselves to blame.

Its the same on an individual level. We've all seen the SKY news report in Eric pebble sig showing mortgage brokers encouraging borrowers to commit fraud with self cert...its a few thousand brokers who should be behind bars, not hundreds of thousands of borrowers.

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We're following the Japanese. QQE is now being used used to hold up bond prices, equities, real estate, wages and goodness knows what else.

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