Surely we are near the end?

[iamnumerate]

1 minute ago, SillyBilly said:

mental or physical health issues?

Physical health, he did have a problem (epilepsy) but could have done many jobs. 

[BearsEye]

5 hours ago, sPinwheel said:

What a load of ********.

Hope breeds complacency.

We need downright despair. People with no hope and no end in sight have nothing to lose.

People with nothing to lose are most likely to change things.

Young people are more likely to kick off.

But they have been raised in a police state where their every move is tracked and they've seen the prison sentences dished out in 2012 when they dissented. 

Best they can do is vote for Corbyn and hope he doesnt prop up his probable soon to be banker/builder sponsors.

[iamnumerate]

On 12/18/2017 at 7:20 PM, BearsEye said:

James Dyson owns more land than the Queen so he's an easy one as presumably he bought it as a hedge and for the free money it brings in, as for Noel Gallagher well like everyone else in the 1% (bar the few) he's said sweet FA about the financial rape of the non asset owning class that is QE, ZIRP, TFS and the rest.

By the way i am only playing devils advocate.

Good points, although I am still not convinced that there is a 1% who want high prices and it is all because of them.  It is probably a combination of vested interests, the benefit system, immigration, lax lending, low interest rates etc.

[BearsEye]

1 hour ago, iamnumerate said:

Good points, although I am still not convinced that there is a 1% who want high prices and it is all because of them.  It is probably a combination of vested interests, the benefit system, immigration, lax lending, low interest rates etc.

The entire system of the last 1000 years in the UK is designed to keep the rich rich for doing sweet FA.

[sammysnake]

Hypothetically, if there's a correction in house prices what are people's best estimates here? Are we saying a 50% would be a crash? what constitutes even a correction? The market is so ******ed i'm guessing nobody knows what's normal anymore. With the conservative party (aka the party of low taxation) increasing council taxes there's yet more pressure on incomes.

This isn't a squeeze or a correction- for me it's a rape and pillage of the working class. Can we all just stop ******ing voting please? Labour- Conservatives, Liberals destroyed this country by their total inaction- 

[Thorn]

34 minutes ago, sammysnake said:

Hypothetically, if there's a correction in house prices what are people's best estimates here? Are we saying a 50% would be a crash? what constitutes even a correction? The market is so ******ed i'm guessing nobody knows what's normal anymore. With the conservative party (aka the party of low taxation) increasing council taxes there's yet more pressure on incomes.

This isn't a squeeze or a correction- for me it's a rape and pillage of the working class. Can we all just stop ******ing voting please? Labour- Conservatives, Liberals destroyed this country by their total inaction- 

Let’s see if we can beat NIreland and it’s 70% drop after the GFC. What a belter.

[onlooker]

45 minutes ago, Thorn said:

Let’s see if we can beat NIreland and it’s 70% drop after the GFC. What a belter.

As a matter of interest, why was there such a plunge in NI prices after the GFC? Was it caused by a sudden withdrawal of RoI money?

[Thorn]

2 minutes ago, onlooker said:

As a matter of interest, why was there such a plunge in NI prices after the GFC? Was it caused by a sudden withdrawal of RoI money?

It was. Loads of cross border traffic and portfolios needed to be expanded.

I heard lots of stories of people being lent anything they wanted to buy houses up here looking for “value” as the South got further and further out of control in the boom. And then they weren’t and they were suddenly bust. No more credit out there and so no buyers and then forced sellers.

Even heard of one lad after the GFC who wanted to withdraw his €100 k savings from a bank in Donegal. Management of the branch offered him 2 recently completed turnkey houses on a small development for the money. 

He thought for a second and realized they were in deep trouble. So he said tell you what give me the five of them and we have a deal. 

And they did. They were that desperate for money to show on their books.

[UnconventionalWisdom]

2 hours ago, sammysnake said:

Hypothetically, if there's a correction in house prices what are people's best estimates here? Are we saying a 50% would be a crash? what constitutes even a correction? The market is so ******ed i'm guessing nobody knows what's normal anymore. With the conservative party (aka the party of low taxation) increasing council taxes there's yet more pressure on incomes.

This isn't a squeeze or a correction- for me it's a rape and pillage of the working class. Can we all just stop ******ing voting please? Labour- Conservatives, Liberals destroyed this country by their total inaction- 

This is the problem with first past the post. I think if we had proportional representation, smaller parties would have a chance. Now the parties are happy to cater to the older generation as they vote the most. 

[North London Rent Girl]

On 18/12/2017 at 4:39 PM, Funn3r said:

This time last year I was renting in an HMO owned by some very dodgy people, and bad enough as a single bloke. Heartbreaking watching fellow tenants with families trying to make things nice for their young ones. 

Horrific, it's bad enough to have a pet! Oh, I mean, how good of their landlord to give them permission to live there with children, they should be ever so grateful and tugging their forelocks.

[mathschoc]

FTSE has reached new record high.

i don’t get, I really don’t. 

 

[winkie]

6 minutes ago, mathschoc said:

FTSE has reached new record high.

i don’t get, I really don’t. 

 

 

[zilly]

23 minutes ago, mathschoc said:

FTSE has reached new record high.

i don’t get, I really don’t. 

 

No?

Trillions of dollars of 'silly money' - created out of thin air, backed by nothing - searching for a home. Company fundamentals mean diddly-squat any more - it's all about machines trading on 'momentum' (ie bandwagon-jumping).

Corporations borrowing money at next-to-zero IRs to buy their own stock and make it look like they're doing really, really well.

Rationality and long - even medium -term thinking are things of the past. All that matters is short-term gains.

Welcome to the twilight financialised world of governance by financial speculator and bubble everything. Just don't get caught on the short side...

 

 

[Rhaegal]

I've heard our favourite central banker is to reprise Winston Churchill's "end of the beginning" speech in the next Bilderberg conference, this time in respect of property-based debt slavery. They're probably entrapping as many people as possible into the debt fuelled ponzi scheme before finding a new method of financial repression. Choose your commodity: water, food, air, time

[mathschoc]

3 hours ago, zilly said:

No?

Trillions of dollars of 'silly money' - created out of thin air, backed by nothing - searching for a home. Company fundamentals mean diddly-squat any more - it's all about machines trading on 'momentum' (ie bandwagon-jumping).

Corporations borrowing money at next-to-zero IRs to buy their own stock and make it look like they're doing really, really well.

Rationality and long - even medium -term thinking are things of the past. All that matters is short-term gains.

Welcome to the twilight financialised world of governance by financial speculator and bubble everything. Just don't get caught on the short side...

 

 

I know, but how long can this fraud go on for, it should collapse now, that’s what I don’t get. All the stars are aligned, debt ceiling is here, Brexit wobbles a bonus, yet we get a new high.

argh 

[BearsEye]

This global ponzi has got legs yet i fear.

Was speaking to a 30ish year old American lady from New York here in sunny Thailand tonight... got on the subject of work/life balance to which she said she is moving from NYC to southern America as the cost of housing there is unreal and she could never afford a place. Said she is giving up working in the old sense of the word to run yoga classes! 

Central Bangkok has got flats on the market for 300 million BAHT approx 7 million GBP in an area that is a glorified brothel. when 7 years ago they were struggling to sell anything (ironically the building is on land where a now demolished apartment building from the 90s debt induced property bust lay rotting for almost 20 years). I'm staggered at the amount of building going on and the prices paid for flats that will never find a 2nd buyer without a vast reduction in price, most of this money has to be from China or derived from printy printy.

Its absolute insanity whats going on in the world at the moment. Workers and the debt averse have been royally screwed.