Reply to: oh dear (tm): Generation rent: the housing ladder starts to collapse for the under-40

[AtW]

the search for the Sofa continues?

[vetran]

Hmmm, nice weather, lovely sea, siesta, yachts all around, what's not to like?

Going there this weekend...

the search for the Sofa continues?

[AtW]

The banks had to be bailed out unless you want to live like Greece...

Hmmm, nice weather, lovely sea, siesta, yachts all around, what's not to like?

Going there this weekend...

[SpontaneousOrder]

Or you let one go like the US did with Lehman Brothers, and let the market correct. Should have done that with HBOS. None of this banking bail out tulip. Just need to stop listening to the b@nkers.

They could have bailed out the general public savers & pensions instead, and let big business learn the lesson from their lack of due diligence. Bailing out the banks only reinforces the idea that TBTF is a real thing, and that it's good to privatise profits while socialising losses.

[PurpleGorilla]

oh dear (tm): Generation rent: the housing ladder starts to collapse for the ...

The banks had to be bailed out unless you want to live like Greece...

Or you let one go like the US did with Lehman Brothers, and let the market correct. Should have done that with HBOS. None of this banking bail out tulip. Just need to stop listening to the b@nkers.

[SueEllen]

You can thank one Gordon Brown for the massive BoE debt, after his bank bailout frenzy. Enjoy paying it off over the next 50 years.

The banks had to be bailed out unless you want to live like Greece...

[AtW]

You can thank one Gordon Brown for the massive BoE debt, after his bank bailout frenzy. Enjoy paying it off over the next 50 years.

BoE debt grown most under LibCons. By the time of election in 2010 it was actually under control, real crazy money printing started right after.

[DimPrawn]

You can thank one Gordon Brown for the massive BoE debt, after his bank bailout frenzy. Enjoy paying it off over the next 50 years.

[PurpleGorilla]

oh dear (tm): Generation rent: the housing ladder starts to collapse for the ...

Interest rates will not rise, as it would tip the banks into the tulip. It's all about nursing the banks debt, keeping it safe an warm.

This is what nursing looks like:

[AtW]

Interest rates will not rise, as it would tip the banks into the tulip. It's all about nursing the banks debt, keeping it safe an warm.

They will rise because US is increasing them and UK will have to follow. EU I think will also have to do it, but perhaps slower - they cut them down at same time and they will rise them about the same, only question to what level, markets already priced in ~3%.

Banks will repossess lovely property from fooked BTLer and sell it at nice profit to first time buyers.

HTH

[DimPrawn]

BTL is not safe, it won't take long for complete abolition of tax relief on mortgage interest, plus interest rates WILL go up.

Interest rates will not rise, as it would tip the banks into the tulip. It's all about nursing the banks debt, keeping it safe an warm.

[AtW]

BTL is not safe, it won't take long for complete abolition of tax relief on mortgage interest, plus interest rates WILL go up.

[DimPrawn]

Fix pensions and watch BTL die.

This is quite true. Pensions are raided and robbed and the rules ****ed about with constantly. BTL just sails along. There's so much bank debt behind BTL that if BTL tanks, the banks fail and govts always look after banksters. So be definition BTL is safe, pensions are NOT.

[unixman]

Fix pensions and watch BTL die.

[expat]

Only if the young stay in the UK. My argument is that the grass really is greener over the pond.

Of course it is. Or over the Pacific. Or even over the Channel.