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Previously on "oh dear (tm): Generation rent: the housing ladder starts to collapse for the under-40"
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.
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.
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.
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.
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