The Times: All first-time buyers really want is a big housing crash

[stuckmojo]

 

Bingo!

Definitely. But perhaps employment will recover before housing thus giving people a chance. 

[Riedquat]

 

Yup, they're certainly going to get a big housing crash alright. The problem is that they're also going to get a big crash in their employment and everything else they might have. It's a net zero sum game.

Because they're usually both effects of the same cause, but that doesn't completely remove the possibility of a disconnect (happened with the ridiculous rises after all).

[Si1]

 

Definitely. But perhaps employment will recover before housing thus giving people a chance. 

Better to be unemployed and renting than unemployed with a ludicrous mortgage.

[Dreamcasting]

 

Lovely dream, living in alaska. 

Unfortunately it's not practical to stock up with 6 months of food. It takes up too much space (ie you have to be rich to have enough space to store it). Plus vegetables go off very quickly. So within 2 months you're down to eating fray bentos steak and kidney pie every night. 

As for a year's supply of wood, jesus. You cut up 3 cubic metres and it lasts about 2 weeks. Before you can say "nail", you're down to screwfix on a weekly basis to buy another chain saw blade. 

So forget that dream. In england, you'd have to be a millionaire with 14 acres to make it work. 

You definitely don't need anywhere near 14 acres of land to make this work. It's also not that difficult to store 6 months of food. The main problem is being able to hide it without anyone stealing it. However that said, the main thing you need is knowledge about how to hunt for food. Those who just sit around watching Netflix and YouTube all day will become a cropper.

Make no mistake about what's coming. Really harsh times are coming, and no amount of cash, metals or stocks will help. At this point, anyone without a house would do well to buy a van and make some sort of habitable space out the back of it. At least get some solar panels and lithium batteries. Start learning about survival. Better start now before getting wiped out completely.

[Si1]

 

You definitely don't need anywhere near 14 acres of land to make this work. It's also not that difficult to store 6 months of food. The main problem is being able to hide it without anyone stealing it. However that said, the main thing you need is knowledge about how to hunt for food. Those who just sit around watching Netflix and YouTube all day will become a cropper.

Make no mistake about what's coming. Really harsh times are coming, and no amount of cash, metals or stocks will help. At this point, anyone without a house would do well to buy a van and make some sort of habitable space out the back of it. At least get some solar panels and lithium batteries. Start learning about survival. Better start now before getting wiped out completely.

And you think Mad Max respects property titles?

[blackhole]

 

And you think Mad Max respects property titles?

Indeed, if anything piling everything into a single house will seem like a fatal mistake in "Mad Max" world.  Does the house come with turrets? 

[longgone]

 

Better to be unemployed and renting than unemployed with a ludicrous mortgage.

or live with mummy 

[Dreamcasting]

 

And you think Mad Max respects property titles?

It does when the guy living there is dangerous and has plenty of lethal weapons on hand

Edited October 18, 2020 by Dreamcasting

[Dreamcasting]

It may not be fair, but if all I had was cash and shares, i'd be starting to get worried at this point. It's about being ahead of the curve. 

[Dreamcasting]

 

Indeed, if anything piling everything into a single house will seem like a fatal mistake in "Mad Max" world.  Does the house come with turrets? 

Nobody should be piling everything into a single house, or anything for that matter. Unfortunately, many people on here only have cash and/or shares, both of which will find their true intrinsic value of 0.

[blackhole]

 

Nobody should be piling everything into a single house, or anything for that matter. Unfortunately, many people on here only have cash and/or shares, both of which will find their true intrinsic value of 0.

Can't disagree there, but so do most of the "haves" (shares at least, if not cash).  

[blackhole]

 

It does when the guy living there is dangerous and has plenty of lethal weapons on hand

In the USA this is already happening, but the UK doesn't have much of a prepper mindset at all.  I've only met one fellow prepper in all this time.

[Si1]

 

It does when the guy living there is dangerous and has plenty of lethal weapons on hand

Ah, this will be you then

 

 

[Dreamcasting]

The property owning elite will always be protected. There are years of evidence to support this which is why most people here rent (i.e. they're just a pleb, they just don't want to be).

If you can't beat them, join them. If you can't join them, tough. This shouldn't be such a difficult concept to grasp, even for people on here.

[Si1]

 

The property owning elite will always be protected. There are years of evidence to support this which is why most people here rent (i.e. they're just a pleb, they just don't want to be).

If you can't beat them, join them. If you can't join them, tough. This shouldn't be such a difficult concept to grasp, even for people on here.

Having a mortgage you can barely afford on a semi in Peterborough doesn't make you the 'property owning elite'

[Dreamcasting]

I know people here don't want to believe it, but like it or not, the government will do anything and everything to keep property prices high. It's how the elite got to where they are. Keeping house prices high is a very simple way to keep the plebs in their place and allow the rich to get richer. It simply takes advantage of the fact that everyone needs somewhere to live, and is a great exploitation tool.

[Dreamcasting]

 

Having a mortgage you can barely afford on a semi in Peterborough doesn't make you the 'property owning elite'

True, but didn't claim that to be the case. But if you've got your house fully paid off, you're significantly better off.

[24gray24]

 

In the USA this is already happening, but the UK doesn't have much of a prepper mindset at all.  I've only met one fellow prepper in all this time.

For the English,  prepping means buying more toilet paper. 

There's enough social  cohesion in england that people think mad max prepping is unnecessary. (Unless the banks go belly up). 

But you can't say the same about America.  Prepping looks kind of sensible: 62 million unemployed. No welfare. And half of the population underwater every month end even in the good times. 

It looks like a tinderbox. (Huge surge in gun sales). No wonder people are fleeing the cities in droves. 

[Si1]

 

For the English,  prepping means buying more toilet paper. 

There's enough social  cohesion in england that people think mad max prepping is unnecessary. (Unless the banks go belly up). 

But you can't say the same about America.  Prepping looks kind of sensible: 62 million unemployed. No welfare. And half of the population underwater every month end even in the good times. 

It looks like a tinderbox. (Huge surge in gun sales). No wonder people are fleeing the cities in droves. 

I don't know if your details check out, but this seems about right.

England has had almost 1000 years of broad constitutional stability. That would be quite something to overturn.

[24gray24]

 

You definitely don't need anywhere near 14 acres of land to make this work. It's also not that difficult to store 6 months of food. The main problem is being able to hide it without anyone stealing it. However that said, the main thing you need is knowledge about how to hunt for food. 

Make no mistake about what's coming. Really harsh times are coming, and no amount of cash, metals or stocks will help. At this point, anyone without a house would do well to buy a van and make some sort of habitable space out the back of it. At least get some solar panels and lithium batteries. Start learning about survival. Better start now before getting wiped out completely.

Let me make a counter argument: 

The English are not going to starve. 

If you accept that, then you don't need the 14 acres. (For self sufficiency you need 2 acres for a cow, one for pigs, one for flour, 2 for a horse, 1 for vegetables, and then enough timber to keep you supplied. I said 14 acres.). 

Hunting: every animal in england is owned by someone, or else illegal to hunt. So hunting is also out. 

The counter argument is that we'll have enough to eat, and be living in the golden age of squatting. People will just move into houses that can't be rented. Yes, they'll be skint, but most of them were minimum wage before anyway. They won't be paying their credit cards or anything else much. The only thing they will be doing is getting high and going on demos. (Or thieving if the government doesn't gI've them enough money for food). 

They'll probably feel more alive than they did when working for minimum wage. It won't be mad max. More like acid house rave squat parties. . 

[wighty]

 

Ah, this will be you then

 

 

Biggest laugh in ages.  Loved the guy with the apple!.

[blackhole]

 

For the English,  prepping means buying more toilet paper. 

There's enough social  cohesion in england that people think mad max prepping is unnecessary. (Unless the banks go belly up). 

But you can't say the same about America.  Prepping looks kind of sensible: 62 million unemployed. No welfare. And half of the population underwater every month end even in the good times. 

It looks like a tinderbox. (Huge surge in gun sales). No wonder people are fleeing the cities in droves. 

Record gun sales & ammo, manufacturers cannot keep up this year.  Even the lefties are getting their gun licence etc.

In the North of the UK I'd agree, still signs of community and self-sufficiency.  South.... good luck!!!

[blackhole]

 

The property owning elite will always be protected. There are years of evidence to support this which is why most people here rent (i.e. they're just a pleb, they just don't want to be).

If you can't beat them, join them. If you can't join them, tough. This shouldn't be such a difficult concept to grasp, even for people on here.

In a "Mad Max" scenario, short of the true landowning types having their own defence & preparations, the masses will likely be caught with their pants down and as you inferred earlier have no real skills to defend their homes on the whole.  

There wont be much help from the state at this point, either.  And if you cant service the mortgage on that just brought property, again, struggling to see the benefit. 

edit: Not that I disagree with what your saying - GTFO of cash, get lots of property, defend and actually prep - just for most its genuinely not an option.

Edited October 18, 2020 by blackhole

[MARTINX9]

 

Better to be unemployed and renting than unemployed with a ludicrous mortgage.

Won’t the government pay the interest on your mortgage but if you rent you will have to use all your house deposit savings on rent until you reach £6k.

So who is really better off?

[Si1]

 

Won’t the government pay the interest on your mortgage but if you rent you will have to use all your house deposit savings on rent until you reach £6k.

So who is really better off?

SMI is a loan, think you can't get it straightaway anyway, 10 month wait after going onto benefits??, and capped at a 200k mortgage. But you're right about the 6k issue. That's a pain and anyone renting long term would be wise to save into pension wrappers.

Of course SMI won't fix your boiler either.