Originally posted by sasguru
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1 in 79 Brits are property millionaires
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“The period of the disintegration of the European Union has begun. And the first vessel to have departed is Britain” -
Originally posted by milanbenes View Postaccording to the Torygraph 1 in 79 Brits is now a millionaire thanks to property
Surging house prices mean one in 79 Britons is now a millionaire
how cool is that !
how many here are as Sue would say, high net worth individuals ?
Milan.
It's a disaster. Nothing more or less. I have a house in London. The mortgage is paid off. Goody for me. What about my nieces, nephews? where and how are they going to bring up their children in the future when property is bought and sold like commodities? how can you put roots down in a community, send your kids to school, all the usual things that security of tenure gives you? I was on a forum some years ago called Housepricecrash. I think I joined around 2006. They had been predicting a crash since then driven by high interest rates. This is not the 80s. It's different because there are far too many vested interests involved to break the market with interest rates hikes. You really think the establishment are going to destroy their BTL empires with high interest rates? No. We will continue as usual. In this stupid, stupid mess.Comment
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Originally posted by pjclarke View Post
millionaires are what they used to be considering the value of the currency in recent years has dropped 30% against the euro, how is one to purchase that holiday villa in lake como now?"Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by Elliegirl View PostLord I wish people would stop boring on about this.
It's a disaster. Nothing more or less. I have a house in London.."Never argue with stupid people, they will drag you down to their level and beat you with experience". Mark TwainComment
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Originally posted by scooterscot View PostFreehold?Comment
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Originally posted by Elliegirl View PostLord I wish people would stop boring on about this.
It's a disaster. Nothing more or less. I have a house in London. The mortgage is paid off. Goody for me. What about my nieces, nephews? where and how are they going to bring up their children in the future when property is bought and sold like commodities? how can you put roots down in a community, send your kids to school, all the usual things that security of tenure gives you? I was on a forum some years ago called Housepricecrash. I think I joined around 2006. They had been predicting a crash since then driven by high interest rates. This is not the 80s. It's different because there are far too many vested interests involved to break the market with interest rates hikes. You really think the establishment are going to destroy their BTL empires with high interest rates? No. We will continue as usual. In this stupid, stupid mess.
You're right, it's a total mess & nobody's going to do anything to address the problem.Comment
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Originally posted by shaunbhoy View PostI think the notion of you "minimising your footprint in the UK" is something we can all rally behind.
I do hope more high earners (the so-called "elite") fuck off out of the UK, post Brexit, just so people understand how their precious benefits system, NHS, police and army etc. etc.are all paid for.Hard Brexit now!
#prayfornodealComment
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Originally posted by sasguru View PostThe 3, 4 or 5 feckless families we support with the 6-figure taxes we pay every year as a household might disagree when we decide to pay it somewhere else.
I do hope more high earners (the so-called "elite") fuck off out of the UK, post Brexit, just so people understand how their precious benefits system, NHS, police and army etc. etc.are all paid for.Comment
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Originally posted by The_Equalizer View PostAltruism in action.Hard Brexit now!
#prayfornodealComment
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Originally posted by eek View PostThat tells you everything you need to know about Asset bubbles, the current state of the UK economy and the reasons behind the current state of the UK economy...
Whether that is the case for all the inflated housing costs I am not sure. I can't comment for London as I don't live there, but where I live it's not a bubble and rental prices are not a million miles away from buy prices. So BTL isn't a cash-cow but more a long term investment.See You Next TuesdayComment
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