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eric pebble

Guardian Article: Bricked In: Dream Is Bleeding

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"...as is increasingly the case, it becomes impossible to own a home (among the latest statistics afflicting first-time buyers, for instance, is the fact that the average property loan now stands at more than £150,000, up from £134,000 a year ago). Not having a foot on the housing ladder becomes evidence of some kind of moral failure; marvelling at how much wealth a home has accrued on paper both a 21st-century equivalent of being born with blue blood (ie, effortlessly, smugly lucky) and the socially acceptable face of avarice."

"The British relationship with bricks and mortar is like an increasingly dysfunctional marriage, in which every day that passes makes the country more ruinously dependent on a partner it cannot, or won't, control. Some tough questions, about everything from snobbery to social exclusion, political failure to plain greed, need to be answered bravely and fast if its children are to emerge relatively unscarred."

http://business.guardian.co.uk/story/0,,2072700,00.html

More links re: House Prices here - http://business.guardian.co.uk/houseprices...2063706,00.html

Something's got to give -- or else - I think the young should riot. Yes - RIOT.

Edited by eric pebble

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"...as is increasingly the case, it becomes impossible to own a home (among the latest statistics afflicting first-time buyers, for instance, is the fact that the average property loan now stands at more than £150,000, up from £134,000 a year ago). Not having a foot on the housing ladder becomes evidence of some kind of moral failure; marvelling at how much wealth a home has accrued on paper both a 21st-century equivalent of being born with blue blood (ie, effortlessly, smugly lucky) and the socially acceptable face of avarice."

"The British relationship with bricks and mortar is like an increasingly dysfunctional marriage, in which every day that passes makes the country more ruinously dependent on a partner it cannot, or won't, control. Some tough questions, about everything from snobbery to social exclusion, political failure to plain greed, need to be answered bravely and fast if its children are to emerge relatively unscarred."

http://business.guardian.co.uk/story/0,,2072700,00.html

More links re: House Prices here - http://business.guardian.co.uk/houseprices...2063706,00.html

Something's got to give -- or else - I think the young should riot. Yes - RIOT.

I don't normally say 'this is a government problem'. However this issue is, as they created it.

Let us see how thick Gordon Brown really is....I can't see him handling it....yet again he 'the pension crusher' was the designer.

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I don't normally say 'this is a government problem'. However this issue is, as they created it.

Indeed, the best solution is for government to get the hell out, let go of planning and control freakery over land. They created these problems 60 years ago.

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Indeed, the best solution is for government to get the hell out, let go of planning and control freakery over land. They created these problems 60 years ago.

This will not happen in this Governments tenure.

Brown is the biggest control freak of all time and yet he publicly speaks 'devolve' but hangs on at the back door. The BofE is a prime example.

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Just been watching the 'Pianist' (again), the subject of this article reminded me very much of what was being depicted in the aforementioned film, social engineering of the most repellant nature.

Gordon has to venture into Baghdad soon, here's hoping... <_<

The most frightening aspect about him is he is on a crusade and thinks he is 'doing good'.

Look at the financial and social mayhem created by him in the last ten years....delusion has created chaos.

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And yet, with no expectation of a decent pension, under-35s need to buy in order to have some sort of financial security, in the process exchanging the freedom to experiment or take risks for a lifetime of debt-servicing. Not only are unheard-of mortgage ratios causing what Hutton has called a "collective infantilisation, [because there] is no prudence involved by either borrower or lender, just a hope that property prices will stay high and that one way or another the mortgage payments can be made", they are also contributing to a crippling of the future. It is, as Islam argued, "a political time bomb that parties ignore at their peril." It is a social and personal time bomb too.

A timebomb that is about to go Kaboom!!

F

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The most frightening aspect about him is he is on a crusade and thinks he is 'doing good'.

Look at the financial and social mayhem created by him in the last ten years....delusion has created chaos.

He's crap but doesnt compare to what crap we had to put up with under Maggies regime, social mayhem was far more prevelent in those years, unemployment was the ongoing theme and recessions every 3 - 5 years, unfortunatly for you the majority still see themselves as better off than they were a few years ago, even people who were slagging off HPI last year and have now bought are enthused about increasing prices.

The real problem we have does lie with the government however not perhaps in the way that most will imagine, its not about interest rates (which were used to cripple the average worker under the thatcher regime) but about the banks and the shadowy figures behind them, it is they that have allowed increased multiples of income for lending purposes to move beyond all reason and this goes back to the time maggie and her buddies (the mega rich) deregulated the financial markets with HPI very much in mind, the end game for these fu*kers is to take every penny off every working person and keep them in indepted servitude for life. Where the current government is guilty is in not re-introducing financial regulation on the evil banking regimes, if they had done this and rearragned the taxation system a bit (more income and less regressive tax) we could have had sensible housing prices and the rich wouldnt have found it possible or desirable to buy us all out.

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He's crap but doesnt compare to what crap we had to put up with under Maggies regime, social mayhem was far more prevelent in those years, unemployment was the ongoing theme and recessions every 3 - 5 years, unfortunatly for you the majority still see themselves as better off than they were a few years ago, even people who were slagging off HPI last year and have now bought are enthused about increasing prices.

The real problem we have does lie with the government however not perhaps in the way that most will imagine, its not about interest rates (which were used to cripple the average worker under the thatcher regime) but about the banks and the shadowy figures behind them, it is they that have allowed increased multiples of income for lending purposes to move beyond all reason and this goes back to the time maggie and her buddies (the mega rich) deregulated the financial markets with HPI very much in mind, the end game for these fu*kers is to take every penny off every working person and keep them in indepted servitude for life. Where the current government is guilty is in not re-introducing financial regulation on the evil banking regimes, if they had done this and rearragned the taxation system a bit (more income and less regressive tax) we could have had sensible housing prices and the rich wouldnt have found it possible or desirable to buy us all out.

Nail. Hammer. Head. That's two in a week :)

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I don't normally say 'this is a government problem'. However this issue is, as they created it.

Let us see how thick Gordon Brown really is....I can't see him handling it....yet again he 'the pension crusher' was the designer.

Think is it is so obviously a Labour engineered policy i.e. 400% inflation in houses under their watch but seriously the majority don't see this. I would say 90% plus don't blame Labour for this disaster in the Housing market.

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"The British relationship with bricks and mortar is like an increasingly dysfunctional marriage, in which every day that passes makes the country more ruinously dependent on a partner it cannot, or won't, control. Some tough questions, about everything from snobbery to social exclusion, political failure to plain greed, need to be answered bravely and fast if its children are to emerge relatively unscarred."[/b]

Are there any political party out there to answer these tough questions & do something to sort out the mess? I don't think so, today Tories & Lib Dems will be fighting for VI in Lords to stop HIPs.

It is really sad when one feels that one and only vote, one has, is not the worth the voting card it's written on.

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"...

"The British relationship with bricks and mortar is like an increasingly dysfunctional marriage, in which every day that passes makes the country more ruinously dependent on a partner it cannot, or won't, control. Some tough questions, about everything from snobbery to social exclusion, political failure to plain greed, need to be answered bravely and fast if its children are to emerge relatively unscarred."

http://business.guardian.co.uk/story/0,,2072700,00.html

More links re: House Prices here - http://business.guardian.co.uk/houseprices...2063706,00.html

Something's got to give -- or else - I think the young should riot. Yes - RIOT.

Ironically the same views were held in the late 80s when property was out of range for alot of people in the South-East.

"What you don't own your home". Someone said to me "You are only renting". How the tables turned in the early 90s when alot of house owners became "The Negative Equity Brigade".

At the same time we had articles stating how we may never afford a home etc. Can history repeat itself. We had absolutely no sniff of a recession in 1988.

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