Friday, October 3, 2008

Bit more good ol’ Brown bashing

The roof was bound to fall in on Labour's housing market

"Homeowners rightly expect their investment to be protected by sensible policies's I am determined that, as a country, we never return to the instability, speculation, and negative equity that characterised the housing market in the 1980s and 1990s.'' Gordon Brown's Budget speech, July 1997

Posted by holding out @ 09:29 AM (945 views)
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14 thoughts on “Bit more good ol’ Brown bashing

  • Nu labours failure to control the BTL sector and their pension robbery caused property to become an investment “product” and the speculators then pumped up the bubble to last years peak.Greedy speculators pushed everyone aside in their frantic rush to become property tycoons, they will now feel the bulk of the pain in the crash.
    The house price crash 2008 – 2011 will be browns legacy.

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  • gordon brown really is a fat bumbling ineffectual tw at isn’t he.

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  • talking of buy to let, you want to see this i couldnt believe it, people are doing buy to let in virtual worlds.. what next!!!! Is this insane or what?

    this is the link to it
    http://www.traceysrentals.com/

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  • Over the last 10 years is that Labour have been steeling Tory policies is that they have been implementing them.

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  • @mark

    WTF, is this for people that CAN’T get a life?

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  • no idea i came across it…lol

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  • no idea i came across i when searching for rental news..lol

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  • Rising asset values was brilliant for Labour as they could collect lots of taxes via IHT, CGT and stampduty without having to raise income tax….. How are they going to plug the gap now. Labour have brought about well overdue improvements in education and the NHS but its going to be difficult to sustain the level of spending. £70bn a year on eduction….

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  • Ive said it before but it will become more relevent with every passing month:

    New Labour, New Debt, New Negative Equity.

    This won’t be like the old fashioned, Tory negative equity. This will be the new, shiny and MASSIVELY pumped up, new kid on the block, gold plated negative equity that only the most prepostorous property bubbles can bring.

    There is a poster on here with the moniker like: Ten_years_to_get_my_money_back !!

    The next version of this will have the word fifteen or twenty in it !

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  • Mark, had a look around that website. Out of idle curiosity I googled the ‘manageress’ of this establishment:

    Charming Muni second life

    I can’t repeat here what came up as the first link, but it says it all about people with the Estate Agent mentality. They really are a bunch of pros.

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  • Looked at the homepage of Tracy’s rentals. Acutally it does say ‘Mature Rentals’, so not so much of a surprise.

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  • so funny what estate agents employ

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  • Jeff Randall is always a good read and quite right about the outrageous rubbish spouted by the “experts”. Especially curious were the forward predictions of prices based on recent history. Kids learn in GCSE the invalidity of projections beyond the range of data.

    Gordon Brown gets huge flak over all this – not surprising given his grand claims 10 years ago – but in some ways the PM was powerless in the face of vested interests and the power he allowed the City to have in the interests of being “business friendly”. He made his bed and had no choice after that but to lie in it. When they lose the next election does anyone feel any better at the prospects of the Conservatives in power? I have no doubt that things would have been just as bad had they been in power through the last decade.

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  • I don’t think the Tories would have done much differently. I’m also sure asset prices would have let rip under them as well. I doubt however that they would have p!ssed quite so much away in public spending. There now has to be huge cuts in the public sector as government debt joins personal debt high in the stratosphere.

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