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lombardo

If So Many Mps Own Properties, How Can We Ever Expect A Price Crash?

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They will do whatever it takes to keep prices from falling.

There is a new wave of MPs from 2010 who cant afford to buy in London.

Come 2015 there will be more, lots more.

All those new UKIP chaps will have to move there

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Ed Balls' memoir is published today. Apparently it contains not one reference to disgraced former RBS chief Fred Goodwin. Very odd, given the centrality of Fred the Shred's role in our national bankruptcy and that he was also known to have been a frequent habitue of Balls' Westminster office in the years prior to 2008, as Ian Fraser documents extensively in his superb book 'Shredded'.

http://www.ianfraser.org/shredded/

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There is a new wave of MPs from 2010 who cant afford to buy in London.

Come 2015 there will be more, lots more.

All those new UKIP chaps will have to move there

+1

Some would say that the issues of crazy house prices and the general housing policy (and consequences) are at the very core of the political upheavals happening at the moment in Britain.

Edited by billybong

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+1

Some would say that the issues of crazy house prices and the general housing policy (and consequences) are at the very core of the political upheavals happening at the moment in Britain.

It certainly made me vote fro BrExit. 100%,

UI couldnt care less who lives in the UK, so long as the infrastructure/jobs are there, taxes are low, quality of life is high etc etc etc.

Sadly, none of this is now available for vast swathes of the population.

Meanwhile the 1%ers print more money for themselves and rob us all blind while the **** wits stand clapping and thanking them for all the "free" money.

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Does this sound at all familiar to anyone

https://en.wikipedia.org/wiki/Railway_Mania

"Since many MPs were heavy investors in such schemes, it was rare for a Bill to not pass during the peak of the Mania in 1846"

Worth noting:

"The end of the Mania"

"As with other bubbles, the Railway Mania became a self-promoting cycle based purely on over-optimistic speculation"

" As they began to fall, investment stopped virtually overnight, leaving numerous companies without funding and numerous investors with no prospect of any return on their investment"

"Many middle class families on modest (but comfortable) incomes had sunk their entire savings into new companies during the Mania, and they lost everything when the speculation collapsed."

The parallels are uncanny.

BUT....it will end.

Edited by TheCountOfNowhere

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I might as well go on

http://www.thebubblebubble.com/railway-mania/

"An economic slowdown in the late 1830s and early 1840s"

"the Bank of England cut interest rates to stimulate the economy and, by the mid-1840s, the UK’s economy was booming again, "

"Some of the seeds of the Railway Mania were sown back in 1825, when the government repealed the Bubble Act" ( READ AS THATCHERS BIG BANG ).

railroadinvestment.jpg

"In 1845, the Bank of England tightened its monetary policy by raising interest rates, which has a tendency to pop economic bubbles as capital is no longer as cheap as it once was"

The bankers have form !!!!

Trying to find some text of the week long bank holiday....

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Increasing pressure on those Mps to be corrupt, to compete financially with their peers

This. Plus who can afford to be an MP unless they're a London Trustaferian?!

Others will be shown the ropes..

Edited by PopGun

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There is a new wave of MPs from 2010 who cant afford to buy in London.

Come 2015 there will be more, lots more.

All those new UKIP chaps will have to move there

Most of the new MPs will not be poor people.

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http://libertystreeteconomics.newyorkfed.org/2015/06/crisis-chronicles-railway-mania-the-hungry-forties-and-the-commercial-crisis-of-1847.html#.V86-u00rJD8

"The Bank of England’s ability to contain the crisis as a lender of last resort was severely constrained by the Bank Charter Act of 184"

Hmmm, where have I heard that phrase before....

The panic culminated in a “Week of Terror,” October 17-23, with multiple banks failing or suspending payments to depositors in the midst of runs. The Royal Bank of Liverpool shuttered its doors on Tuesday, followed by three other banks, and by the end of the week the Bank of England held less than two million pounds in reserve, down from eight million in January. Systemic collapse seemed imminent. On Saturday of that week, London bankers petitioned the prime minister to suspend the Bank Act, and by midday Monday, the Bank of England had received a letter from the prime minister and the chancellor of the exchequer authorizing the Bank to issue new notes without gold backing and to “enlarge the amount of their discounts and advances upon approved security,” effectively suspending the Bank Act. The ability to expand fiat note issuance increased liquidity and helped the Bank restore confidence, and the high discount rate the Bank was charging attracted gold reserves back to its vaults (hence the maxim “seven percent will draw gold from the moon”). By December, interest rates were down substantially from their panic levels.

In the end the banks were regulated and a couple of people locked up.

I fully expect the same again now.

That graph is uncanny.

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Most of the new MPs will not be poor people.

But will they all be crooks that feather their own nests?

If an MP has a vested interest in the outcome of a vote they should declare that vested interest and abstain.

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This. Plus who can afford to be an MP unless they're a London Trustaferian?!

Others will be shown the ropes..

Most of the MPs ( if not all ) have family connections who have been MPs. It's quite shocking when you see the list

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So they own BTLs......who cares what they make from it, it is the gains they make from the income/yield they try to make from it that is doing the economic damage.... ;)

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Ed Balls' memoir is published today. Apparently it contains not one reference to disgraced former RBS chief Fred Goodwin. Very odd, given the centrality of Fred the Shred's role in our national bankruptcy and that he was also known to have been a frequent habitue of Balls' Westminster office in the years prior to 2008, as Ian Fraser documents extensively in his superb book 'Shredded'.

http://www.ianfraser.org/shredded/

Balls knows Fred the Shred can afford some very good lawyers with that huge pension taxpayers gave him.

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...................The prime mover in house price rises is lots of free money sloshing about.....................

...agreed ...it's the overseas money laundering in the London property market that is preventing the adjustment ...while faudulent applications and bad decisons in lending are also 'money laundering' ..as we know they were a way of triggering commissions....and the 'if it breathed lend to it' mania of the first decade 2000.... :rolleyes:

Edited by South Lorne

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Does this sound at all familiar to anyone

https://en.wikipedia.org/wiki/Railway_Mania

"Since many MPs were heavy investors in such schemes, it was rare for a Bill to not pass during the peak of the Mania in 1846"

Worth noting:

"The end of the Mania"

"As with other bubbles, the Railway Mania became a self-promoting cycle based purely on over-optimistic speculation"

" As they began to fall, investment stopped virtually overnight, leaving numerous companies without funding and numerous investors with no prospect of any return on their investment"

"Many middle class families on modest (but comfortable) incomes had sunk their entire savings into new companies during the Mania, and they lost everything when the speculation collapsed."

The parallels are uncanny.

BUT....it will end.

I am praying.

When will Carney f#ck off?

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