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"A nation of shopkeepers became a nation of estate agents at the hands of a shopkeepers daughter"

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Renegade Inc. Retweeted Henry Pryor

A nation of shopkeepers became a nation of estate agents at the hands of a shopkeepers daughter. The quicker the UK shrinks its FIRE sector and starts making things that the wider world needs and buys the better. Flogging each other debt with crappy houses included hasn't worked.

Renegade Inc. added,

Henry PryorVerified account @HenryPryor
High Streets lose 1,200 estate agents in ONE year claims newspaper. 🤔
Edited by Saving For a Space Ship

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Keep seeing adverts on this site for “HASSLE FREE BUY TO LET” in liverpool

 

if hassle free means not ever having to deal with my scumbag tenants then just take my fcking money already .. don’t care how much it costs it ain’t real money anyway and it certainly ain’t mine

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How many people, on average, work (work?) in an estate agent?

Guessing a bit more than 4 people on average - Might be, say, 6000 households who have changed (or disrupted) income streams.

Luckily they can all afford to have bought (and finished paying for) their own homes by now ... ah no .. maybe not.

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Natural result of breaking the social contract. Why bother upholding your end of the deal (to work hard, contribute in) when the reward (a f**cking roof over your head, not a maserati!) is taken away from you.

 

Financialisation and the global elites that support it need to be hung out to dry.

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Thatcher left office almost 30 years ago.

Her HPI was 87ish-> 92ish, followed by a deep, humiliating bust, which, to the Cons credits, they took on the chin.

The chuckle brothers brought in HTB though.

Its clinging at straws and way past.

The poitn on need to do more than selling houses to each other needs to be changed to trying to sell houses to each other.

Stepping back, and taking in the point on Financialisation. There has been massive changes in banking.

One, the number of layoffs since 2008 are huge.

Two, now leveraged has been pretty much banned by the regulators, the returns on finance are dire. Combine that with the even more rapid adoption of software and the entire sector, worldwide, is on its ar5e and still sinking.

Now, stepping back, the ongoing effect on London and he greater South are huge.

I go to towns which, 20 years ago, used to have finsec employers as the top 5 private sector employees. I go to the same places and these employers have pretty much all gone. There are regional southern towns where about  50% of the private sector jobs have gone. Its only tax credits and low interst rates holding these places up.

 

 

 

 

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12 hours ago, msi said:

Natural result of breaking the social contract. Why bother upholding your end of the deal (to work hard, contribute in) when the reward (a f**cking roof over your head, not a maserati!) is taken away from you.

 

Financialisation and the global elites that support it need to be hung out to dry.

No such thing as a social contract. Load of balls, made up by idiots.

There is such a thing as sane lending limits -20% down,  no more than 4x income, no more than 25 year mortgage.

Break those and you are on a slippery slope.

 

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1 hour ago, spyguy said:

Thatcher left office almost 30 years ago.

Her HPI was 87ish-> 92ish, followed by a deep, humiliating bust, which, to the Cons credits, they took on the chin.

The chuckle brothers brought in HTB though.

Its clinging at straws and way past.

The poitn on need to do more than selling houses to each other needs to be changed to trying to sell houses to each other.

Stepping back, and taking in the point on Financialisation. There has been massive changes in banking.

One, the number of layoffs since 2008 are huge.

Two, now leveraged has been pretty much banned by the regulators, the returns on finance are dire. Combine that with the even more rapid adoption of software and the entire sector, worldwide, is on its ar5e and still sinking.

Now, stepping back, the ongoing effect on London and he greater South are huge.

I go to towns which, 20 years ago, used to have finsec employers as the top 5 private sector employees. I go to the same places and these employers have pretty much all gone. There are regional southern towns where about  50% of the private sector jobs have gone. Its only tax credits and low interst rates holding these places up.

 

 

 

 

Anecdotal evidence from my perspective seems to show UC is making people much poorer.

I seem to have noticed a big increase in beggars 

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10 minutes ago, prozac said:

Anecdotal evidence from my perspective seems to show UC is making people much poorer.

I seem to have noticed a big increase in beggars 

Anecdotal - and speaking as someone who was dragged to work in homeless shelters - the 'homeless' you see are actually housed. They are just begging for bennie top ups for booze and drugs.

The increase is down to the the 'homeless' suddenly becoming scared and the Police have stopped moving beggars  on.

 

 

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2 hours ago, spyguy said:

Anecdotal - and speaking as someone who was dragged to work in homeless shelters - the 'homeless' you see are actually housed. They are just begging for bennie top ups for booze and drugs.

The increase is down to the the 'homeless' suddenly becoming scared and the Police have stopped moving beggars  on.

 

 

Good to hear, I am a bit of a liberal softee 

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2 hours ago, prozac said:

Good to hear, I am a bit of a liberal softee 

I have every sympathy with people who fidn themselves homeless. It happens; stuff goes wrong.

But to stay homeless requires sustained effort, normally drink and drugs and extreme anti-social behaviour. No, these epopel do not have mental health issues, they are are unts.

 

 

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On 22/03/2019 at 10:31, spyguy said:

No such thing as a social contract. Load of balls, made up by idiots.

There is such a thing as sane lending limits -20% down,  no more than 4x income, no more than 25 year mortgage.

Break those and you are on a slippery slope.

 

So you don't expect a state pension after paying a lifetime of NI?  Great, just hand your refund back to the DWP.  Whilst you're there, don't bother working and expecting to get on in life. Don't bother trying to give back to communities and help out the young.  Stay bitter in your own little bubble. 

I help those who want to help up

The social contract isn't  crap made to be 'entitled' to benefits.  Its the thread that binds the young who learn, with the working who earn, to the elderly that have so much to share.

 

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3 minutes ago, msi said:

So you don't expect a state pension after paying a lifetime of NI?  Great, just hand your refund back to the DWP.  Whilst you're there, don't bother working and expecting to get on in life. Don't bother trying to give back to communities and help out the young.  Stay bitter in your own little bubble. 

I help those who want to help up

The social contract isn't  crap made to be 'entitled' to benefits.  Its the thread that binds the young who learn, with the working who earn, to the elderly that have so much to share.

 

State pension is not tied to NI payment.

Ought to be.

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11 minutes ago, msi said:

social contract

The phrase itself negates the concept of a harmonious society and focuses on the letter rather than the spirit.

How long has it been around? I started becoming aware of it when I realised what petty, spiteful, depressing and generally unpleasant place the UK was becoming although I'm sure that's just a coincidence.

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'It's all Thatcher's fault!'

Seriously, will the left ever grow up and admit that they're the ones who destroyed Britain? I mean, that was their goal, after all; it's not an unintended side-effect.

As for 'social contract', you don't need that in a largely homogenous nation like the one I was born into; people who are related to each other and have similar beliefs generally try to help each other.

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Nonsense doesn't stop being nonsense just because it's several centuries old.

And if there's one thing we should have learned in the last decade or so, it's that The Enlightenment was wrong. The more 'enlightened' we become, the closer society comes to collapse.

Edited by MarkG

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The Tories rejected the social contract, so they could pocket the public assets. 

But they still want their unfunded pensions to be fully paid by taxpayer, as per contract. Etc. Being parasites, they're always asking for a subsidy. 

Army pensions, police pensions, millionaire pensions : all a " load of ********" if there is no social contract.

They soon start squealing when you apply their logic to their own sponging. 

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33 minutes ago, 24gray24 said:

The Tories rejected the social contract

And Blair was there to unleash multicult on the country to top up the societal decay.  Oh and that small war in that country.

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house-prices-since-52.png

The house price bubble started in the '70s, before Thatcher and under a flip-flop between Labour and Heath culminating in us begging the IMF for a bail-out thanks to Labour recklessness. 

This is why the Boomers are so mad about HPI - it's all they've ever known and the only asset class not decimated by inflation in the UK.

Edited by TwoWolves

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9 hours ago, TwoWolves said:

house-prices-since-52.png

The house price bubble started in the '70s, before Thatcher and under a flip-flop between Labour and Heath culminating in us begging the IMF for a bail-out thanks to Labour recklessness. 

This is why the Boomers are so mad about HPI - it's all they've ever known and the only asset class not decimated by inflation in the UK.

No, your chart is wrong.

You need to see housing relative to a single median wage.

I can assume you that UK housing esp. London was under 3 LTI in the mid 90s.

In the North, prices went static for about 15 tears - 89-> l;ate 90s, whilst wages dooubled.

You could buy a decent 3 BR @ 2x LTI

UK housing went above 4 LTE in 87-91ih.

And 2002-now.

 

 

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11 hours ago, 24gray24 said:

The Tories rejected the social contract, so they could pocket the public assets. 

But they still want their unfunded pensions to be fully paid by taxpayer, as per contract. Etc. Being parasites, they're always asking for a subsidy. 

Army pensions, police pensions, millionaire pensions : all a " load of ********" if there is no social contract.

They soon start squealing when you apply their logic to their own sponging. 

What public assets?

Humour me.

None of those pensions yuo list exist as a fund. They are pure PAYG.

 

 

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On 23/03/2019 at 23:13, MarkG said:

'It's all Thatcher's fault!'

Seriously, will the left ever grow up and admit that they're the ones who destroyed Britain? I mean, that was their goal, after all; it's not an unintended side-effect.

As for 'social contract', you don't need that in a largely homogenous nation like the one I was born into; people who are related to each other and have similar beliefs generally try to help each other.

It’s the right that needs to grow-up, and take ownership of their own policy failures.

Thatcher was apparently an epoch making politician who changed everything yet, somehow, the Tory party isn’t responsible for the direct consequences of those changes.

So let’s consider what those changes were: Big Bang deregulation of banks (Thatcher), the 1988 and ‘91 housing acts which created BTL (Major and Thatcher) the sell-off of building societies which created northern rock, Bradford and Bingley, Halifax and so on (Major) the mass sell-off of council houses (Thatcher) and on and on. 

All Blair’s fault, of course for being too left-wing. Oh, wait:

Quote

Late in 2002 Lady Thatcher came to Hampshire to speak at a dinner for me. Taking her round at the reception one of the guests asked her what was her greatest achievement. She replied, 'Tony Blair and New Labour. We forced our opponents to change their minds'." 

Were Labour responsible for the housing crisis? Hell yes, it happened on their watch.

Was left wing-politics responsible?  Absolutely not.

We haven’t had any left-wing politics for forty years, Blair was a pure Thatcherite and Brown believed in Thatcherite economics with welfarism.  

In reality, almost all of the problems we face now can be traced back to the radical changes of the 80s and 90s. 

Yes, even that one:

https://en.m.wikipedia.org/wiki/Maastricht_Treaty

 

Edited by BorrowToLeech

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  • 298 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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