Boomed I tell ya!!

[TimberWolf]

There has never been a better time to be in massive debt, as it puts you in the same boat as the banks and the govt, and they aren't about to make life more difficult for themselves by raising interest rates.

With rampant inflation and zero base rates and QE, we effectively have negative interest rates.

No wonder house prices are rising. You are being paid to own a property, the money coming from savers and the next generation to pay for it.

I like the description of UK houses as given on HPC - "tulip boxes" A lifetime of saving to get on the mortgage ladder for an overpriced cramped tulip box and possibility the source of financial ruin, unless house prices somehow do stay high and interest rates low forever.

[TimberWolf]

Until the big tranche of cuts takes effect.

Anyway, being a commie AtW can't help himself - he is genetically hard-wired to rent cheap apartments!

AtW isn't a commie any more, he's a bad ass capitalist now.

[oracleslave]

You are being paid to own a property,

What are YOU waiting for?

[TimberWolf]

BBC News - Alvin Hall: The generation poorer than their parents

"Let's take my own house [which] I bought 16 years ago for £160,000. It's in south-east London. It's now worth about £1.15m.

"So I've gained a million pound windfall to which I do not feel entitled, and that windfall, at the moment, is tax-free. Were I to sell [the house], there's no tax on that gain."

"It may appear very lucky for me, but the reality is when I sell, it will probably be to a younger person who'll be getting a mortgage and spending most of their working life paying off that windfall which went to me. I don't think that's fair."



What do you think sas? Are you weeping for the the young sheeple who'll be paying 1 or 2 million pounds when you sell up, all tax free, villa in Portugal and and a bank account full of wonga?

How the flip is she going to find a young buyer with 1.15m going spare though? Surely it's only people with houses that are buying houses at the moment?

[DimPrawn]

What are YOU waiting for?

Gold prices to double again, then bam! Big house in Surrey cash!

[Support Monkey]

How the flip is she going to find a young buyer with 1.15m going spare though? Surely it's only people with houses that are buying houses at the moment?

And theres the problem, Timberwolf is right, there is no one at the bottom of the ladder.

Any first time buyer is putting their money into saving for a property but that is not making any further money because the interest is so low so it will take them longer before they can look for an affordable house unless the price comes down and the longer there are no first time buyers the more unsustainble the market becomes becuause there is no one buying the houses from the people looking to sell their house to move up

[sasguru]

BBC News - Alvin Hall: The generation poorer than their parents

"Let's take my own house [which] I bought 16 years ago for £160,000. It's in south-east London. It's now worth about £1.15m.

"So I've gained a million pound windfall to which I do not feel entitled, and that windfall, at the moment, is tax-free. Were I to sell [the house], there's no tax on that gain."

"It may appear very lucky for me, but the reality is when I sell, it will probably be to a younger person who'll be getting a mortgage and spending most of their working life paying off that windfall which went to me. I don't think that's fair."



What do you think sas? Are you weeping for the the young sheeple who'll be paying 1 or 2 million pounds when you sell up, all tax free, villa in Portugal and and a bank account full of wonga?

That stoopid fooker's house is in SE London. So he's not going to get a buyer when it it comes to the crunch since bankers and rich foreign types don't buy there.

[AtW]

Anyway, being a commie AtW can't help himself - he is genetically hard-wired to rent cheap apartments!

I pay £1000 per month in rent, the next level up after that was around £1600-2000.

[sasguru]

I pay £1000 per month in rent, the next level up after that was around £1600-2000.

I'm sure your landlord thanks you for paying his mortgage for him.

[AtW]

AtW isn't a commie any more, he's a bad ass capitalist now.

WHS