Jump to content
House Price Crash Forum

Recommended Posts

We've had 13 years of low IR/QE, 50-100% price increase in the cost of shelter on top of a bank destroying bubble.

House prices will just keep going up if we believe the hype.

What are the positive outcomes of all this ?

What are TPTB trying to achieve exactly ?

Do people think there will be no end to this ?  

Link to post
Share on other sites
  • Replies 63
  • Created
  • Last Reply

Top Posters In This Topic

32 minutes ago, TheCountOfNowhere said:

What are the positive outcomes of all this ?

No change was required

32 minutes ago, TheCountOfNowhere said:

What are TPTB trying to achieve exactly ?

Delaying the end of their ability to steal (tax) from the citizenry

32 minutes ago, TheCountOfNowhere said:

Do people think there will be no end to this ?  

Do addicts think about what happens beyond their next fix?

Edited by Locke
Link to post
Share on other sites
3 minutes ago, TheCountOfNowhere said:

We've had 13 years of low IR/QE, 50-100% price increase in the cost of shelter on top of a bank destroying bubble.

House prices will just keep going up if we believe the hype.

What are the positive outcomes of all this ?

What are TPTB trying to achieve exactly ?

Do people think there will be no end to this ?  

 

Superficially, it looks like the economy is working! To the vast majority of Britons that is, who live in the moment and care only about their immediate prospects. I am aware of no-one outside of this forum who knows what Term Funding is, let alone the numbers involved.

Sunak makes the occasional appearance to convey the impression that he is responsible and sober. Home owners feel the warm glow of unearned wealth and the dolce vita.

The Crooked Mile gets its dibs on an ever greater share of the national output. MPs go to work for the Crooked Mile when they leave Parliament. Many of them are already landlords ofc.

 

Link to post
Share on other sites
15 minutes ago, zugzwang said:

 

Superficially, it looks like the economy is working! To the vast majority of Britons that is, who live in the moment and care only about their immediate prospects. I am aware of no-one outside of this forum who knows what Term Funding is, let alone the numbers involved.

Sunak makes the occasional appearance to convey the impression that he is responsible and sober. Home owners feel the warm glow of unearned wealth and the dolce vita.

The Crooked Mile gets its dibs on an ever greater share of the national output. MPs go to work for the Crooked Mile when they leave Parliament. Many of them are already landlords ofc.

 

Doom monger

 

 

 

Link to post
Share on other sites
49 minutes ago, TheCountOfNowhere said:

We've had 13 years of low IR/QE, 50-100% price increase in the cost of shelter on top of a bank destroying bubble.

House prices will just keep going up if we believe the hype.

What are the positive outcomes of all this ?

What are TPTB trying to achieve exactly ?

Do people think there will be no end to this ?  

I don't think there is a plan.  It is a bit like someone who feels a bit tired and snorts a small amount of speed.

For a short time all their problems are gone, but then they need a bit more and a bit more.

What the drug addict is trying to achieve is survive today - long term no plans.

That is basically our Governments since 2000 onwards.

 

Link to post
Share on other sites
58 minutes ago, zugzwang said:

 

Superficially, it looks like the economy is working! To the vast majority of Britons that is, who live in the moment and care only about their immediate prospects. I am aware of no-one outside of this forum who knows what Term Funding is, let alone the numbers involved.

Sunak makes the occasional appearance to convey the impression that he is responsible and sober. Home owners feel the warm glow of unearned wealth and the dolce vita.

The Crooked Mile gets its dibs on an ever greater share of the national output. MPs go to work for the Crooked Mile when they leave Parliament. Many of them are already landlords ofc.

 

And the positive is ?

Link to post
Share on other sites

Realistically the best outcome I think most of us can hope for is that prices remain stagnant for the next decade or so and inflation (with accompanying wage increases) makes it easier to buy property.

I still don't think a correction of 10/15% would be disastrous as it's made out to be and the majority of people would still be in positive equity but I can't see this happening now.

I still am optimistic that something will give in the next decade or so but like most people, I won't wait around for things to change as I am now in the luxury position to be able to buy (due to the pandemic).

Link to post
Share on other sites
9 minutes ago, Sprrite said:

.

I still don't think a correction of 10/15% would be disastrous as it's made out to be and the majority of people would still be in positive equity but I can't see this happening now.

 

I can. That would just be the froth coming off.

Link to post
Share on other sites
14 minutes ago, Trump Invective said:

There are no positive outcomes

Sunak's robotic phrase for the next couple of years at least:

"supporting house prices supports the wider economy"

And himself of course.

 

Link to post
Share on other sites

There must be at least positive outcome form all this.

At least if the country collapses into anarchy we can say we told you do.

My axe arrived today, very pleased with it, it feels much heavier than I though, could do proper damage with it.

Link to post
Share on other sites
Just now, Trump Invective said:

There are no positive outcomes

Sunak's robotic phrase for the next couple of years at least:

"supporting house prices supports the wider economy"

 

How, when the money you're borrowing is being used for asset price speculation not capital investment?

You're undermining the economy not supporting it. The only beneficiaries are bankers, landlords and property developers.

Link to post
Share on other sites
5 minutes ago, zugzwang said:

 

How, when the money you're borrowing is being used for asset price speculation not capital investment?

You're undermining the economy not supporting it. The only beneficiaries are bankers, landlords and property developers.

Sunak: "Yes, yes, I am listening to your concerns on this issue. War is peace."

Link to post
Share on other sites

In the US, the market would need to fall 30% to reach the previous all time peak in the Buffett Yardstick during the tech bubble.

A bear market is defined as just a 20% fall.

Link to post
Share on other sites
18 minutes ago, Trump Invective said:

Absolutely! Thank goodness!

Good to know :lol: 

I see the BoE has said we're going to recover much faster than they thought...on election day.

But left IRs at 0.

Just say the National Debt clock has passed £2.5Trillion ( 2,500,000,000,000 ) or £40,000 per capita or, £80,000 per tax payer.

A family of 4 with 2 grown up working children owe £320,000.

And they think their house is making them rich.

Link to post
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

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.