Jump to content
House Price Crash Forum

The Extension Of Liar Loans And Their Impact On House Prices


Recommended Posts

0
HOLA441

"The economists Jordá, Schularick and Taylor argued convincingly last year that the causes of this economic crisis, the next and the one before are all, fundamentally, the extension of credit and its impact on house prices".

This is what I have said for YEARS. ~And let's re-phrase it:

"The economists Jordá, Schularick and Taylor argued convincingly last year that the causes of this economic crisis, the next and the one before are all, fundamentally, the extension of credit LIAR LOANS and its their impact on house prices".

Whole article here:

http://www.theguardian.com/commentisfree/2015/oct/04/printing-money-jeremy-corbyn-quantitative-easing-peoples-qe

Edited by eric pebble
Link to comment
Share on other sites

1
HOLA442

Interest is the tax the financial industry extract from us as our lords.

LAIR LOANS show their desire to maximise their theft,

Busts happen when they've loaded too greater amounts of debt into the world and the mortals can't service the interest.

Link to comment
Share on other sites

2
HOLA443

Liar loans neatly hide up from a blind eyed regulator who is charged with understanding bankers their actions and motives in the most highly regulated industry the world has ever seen.

The lie moves from borrower to broker, to banker to valuer to banking management to Boards to investors and back out, while everybody knows about it except anyone at all.

Link to comment
Share on other sites

3
HOLA444
4
HOLA445

We have all been brainwashed :D . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either.

Depends how you define rich I guess, you're at much higher risk of contracting communicable diseases and if you ever do get sick, the chances of you dying is pretty high in comparison.

Link to comment
Share on other sites

5
HOLA446

We have all been brainwashed :D . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either.

You are absolutely right. C**p in the palace is still a c**p. Not to mention that life in western world is very far from life in a palace.
Link to comment
Share on other sites

6
HOLA447

We have all been brainwashed :D . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either.

Very good point...

Judging by what Cameron was saying yesterday --- the Tories have - EXTREMELY belatedly - woken up to what's been going on for YEARS........ They are SO late ---- Far too late actually. A whole generation + have had their lives deeply affected for the worse by the whole hpi FRAUD.

Link to comment
Share on other sites

7
HOLA448

We have all been brainwashed :D . The reality is that a "poor" native living in a mud hut in the developing world is "richer" than the average house buyer in the developed world as he has no debt and no rent to pay either.

I can't tell if yo're being serious or not! Take that same "poor" native and put him in a house with central heating, furniture & comfy bed, electricity & gas, food in the fridge, running water, access to healthcare & transport, protection of the police and legal system etc etc and ask him how rich he felt living in a cold mud hut, having to hunt for food or go hungry, and probably dying from basic & treatable diseases. Simple truth is that if you want to go live off the land in a mud hut then there's probably very little to stop you doing it in many countries across the globe. I'd give the vast majority of people less than 6 months before they either (1) returned, (2) went insane, or (3) died. <_<

Link to comment
Share on other sites

8
HOLA449

Liar loans neatly hide up from a blind eyed regulator who is charged with understanding bankers their actions and motives in the most highly regulated industry the world has ever seen.

The lie moves from borrower to broker, to banker to valuer to banking management to Boards to investors and back out, while everybody knows about it except anyone at all.

Don't you mean a regulation system created by a one eyed chancellor?

Link to comment
Share on other sites

  • 2 weeks later...
9
HOLA4410
10
HOLA4411
11
HOLA4412

I can't tell if yo're being serious or not! Take that same "poor" native and put him in a house with central heating, furniture & comfy bed, electricity & gas, food in the fridge, running water, access to healthcare & transport, protection of the police and legal system etc etc and ask him how rich he felt living in a cold mud hut, having to hunt for food or go hungry, and probably dying from basic & treatable diseases. Simple truth is that if you want to go live off the land in a mud hut then there's probably very little to stop you doing it in many countries across the globe. I'd give the vast majority of people less than 6 months before they either (1) returned, (2) went insane, or (3) died. <_<

I have a very recent experience of such a situation.

Native's house in jungle. Concrete/tile build. Mains electricity but low power I suspect as only ised for lighting. Large hearth, not dissimilar to french style ones with portable gas based cooking rings and optional wood fire, they like those becuase they are traditional and there's lots of wood! Fair bit of land growing all sorts. Well in garden with electric pump and header tank. Transport 1 motorcyle. 1 tuk tuk. Single income family with wife staying at home looking after child. House paid off, 10 year mortgage.

There were little shops everywhere, no sign of any hunting ;-)

Link to comment
Share on other sites

12
HOLA4413
13
HOLA4414
  • 1 month later...
14
HOLA4415

Return of the LIAR LOANS

UK firms setting up in Eastern Europe offer high-risk mortgages that do not require borrowers to prove what they earn

Lenders are exploiting a legal loophole by offering high-risk mortgages that allow homebuyers to get a loan without having to prove what they earn. Money Mail can reveal how British businesses are setting up in Eastern European nations such as Estonia as a way of skirting around tough UK laws on lending money. From January, Selfcert.co.uk, which has been founded by a British businessman in an unnamed Eastern European country, will offer self-certification mortgages to UK borrowers.

2E89F77800000578-0-image-m-66_1447797815

Edited by rollover
Link to comment
Share on other sites

15
HOLA4416

+1

Liar loans aggregated into mortgage-backed securities and disposed of through the shadow banking system to keep the balance sheets clean.

SPOT ON. ABSOLUTELY THE KEY TO THE WHOLE HPI SCAM AND THE ENTIRE WORLD FINANCIAL CATASTROPHE - WHICH IS TEETERING ON THE VERY EDGE OF AN ABYSS --- MOSTY THANKS TO THE WHOLE F***ING HOUSE PRICE PONZI-PYRAMID SCAM. IT IS GOING TO DESTROY US ALL. :ph34r::unsure::wacko:

Edited by eric pebble
Link to comment
Share on other sites

16
HOLA4417

I have a very recent experience of such a situation.

Native's house in jungle. Concrete/tile build. Mains electricity but low power I suspect as only ised for lighting. Large hearth, not dissimilar to french style ones with portable gas based cooking rings and optional wood fire, they like those becuase they are traditional and there's lots of wood! Fair bit of land growing all sorts. Well in garden with electric pump and header tank. Transport 1 motorcyle. 1 tuk tuk. Single income family with wife staying at home looking after child. House paid off, 10 year mortgage.

There were little shops everywhere, no sign of any hunting ;-)

The name of the country? What was it that the husband did for a living? What is is his estimated salary?

10 year mortgage? Implies relatively cheap housing, but still expensive enough for people to need to borrow long term to pay for it.

Link to comment
Share on other sites

17
HOLA4418
18
HOLA4419

Return of the LIAR LOANS

UK firms setting up in Eastern Europe offer high-risk mortgages that do not require borrowers to prove what they earn

Lenders are exploiting a legal loophole by offering high-risk mortgages that allow homebuyers to get a loan without having to prove what they earn. Money Mail can reveal how British businesses are setting up in Eastern European nations such as Estonia as a way of skirting around tough UK laws on lending money. From January, Selfcert.co.uk, which has been founded by a British businessman in an unnamed Eastern European country, will offer self-certification mortgages to UK borrowers.

2E89F77800000578-0-image-m-66_1447797815

We've already had LATVIA LOANS !

http://www.housepricecrash.co.uk/forum/index.php?/topic/127304-latvia-threatens-foreign-banks-with-huge-losses/

Link to comment
Share on other sites

  • 1 year later...
19
HOLA4420
20
HOLA4421
24 minutes ago, eric pebble said:

I think this thread deserves a little prod......:P

Always nice to see you bumping along ..

There were 2 things we were beginning to think would not happen , london house prices dropping and ...

Kirstie Allsopp weight loss: TV star credits the James Corden diet for two stone drop  

http://www.express.co.uk/life-style/diets/743087/kirstie-allsopp-weight-loss

Wrong on both counts

:D

Link to comment
Share on other sites

  • 3 weeks later...
21
HOLA4422
On 12/14/2016 at 11:33 PM, Saving For a Space Ship said:

Always nice to see you bumping along ..

There were 2 things we were beginning to think would not happen , london house prices dropping and ...

Kirstie Allsopp weight loss: TV star credits the James Corden diet for two stone drop  

http://www.express.co.uk/life-style/diets/743087/kirstie-allsopp-weight-loss

Wrong on both counts

:D

What can I say?!  Brains??   Nope.....;)

Link to comment
Share on other sites

22
HOLA4423
5 hours ago, eric pebble said:

What can I say?!  Brains??   Nope.....;)

 

Eric, I just posted this thread with latest  Max & Stacey show mentioning " predatory promises " similar to ..you know what  

https://www.rt.com/shows/keiser-report/372530-episode-max-keiser-1014/

Quote

In this episode of the Keiser Report, Max and Stacy discuss the run up in bitcoin prices and the runs on pension funds in Dallas, Texas. The two are related by predatory promises made by politicians and officials to various groups of voters throughout the years – usually tied to an election cycle. They also discuss how the biggest pension in the world, Calpers, is cutting benefits to some retirees by up to 60 percent.

 

Link to comment
Share on other sites

23
HOLA4424
  • 3 weeks later...
24
HOLA4425
On 1/3/2017 at 2:44 PM, Grumpysod said:

And why not eric, probably the biggest case of mass fraud in the UK ever which was probably also one of the easiest to solve crimes as well. A cross reference with tax returns and mortgage applications would have uncovered  what a corrupt property system we had. Even now tax could be collected or liars prosecuted, but why open a can of worms, especially when those in power profited from it..

YUP ---- PREDATORY LIAR LOANS FRAUD

THE GREATEST EVER ELEPHANT MAMMOTH IN THE ROOM...

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information