Reply to: A million mauve monkeys

[PurpleGorilla]

Are you suggestion that all rich Russians in the UK have made their money illegally? How illegal can majestic be?

[AtW]

Are you suggestion that all rich Russians in the UK have made their money illegally? How illegal can majestic be?

Next month I am paying my taxes, so I'll be poor again mate

Still can't afford to buy a proper house

[BrilloPad]

Foreign wealthy buyers don't need mortgages, they just need a away to launder their ill gotten money without questions asked.

Are you suggestion that all rich Russians in the UK have made their money illegally? How illegal can majestic be?

[PurpleGorilla]

Suck people in on massive mortgages at low rates and then you've got 'em by the short and curlies for life

Signing up for £30,000 student debts without a care in the world. Everyone's doing it so it can't be wrong!

Don't worry BOMAD will MEW and provide a deposit. It's free money, what could possibly go wrong?!?

[SueEllen]

True.

[AtW]

Foreign wealthy buyers don't need mortgages, they just need a away to launder their ill gotten money without questions asked.

FTFY

[Flashman]

There are some good comments on there :-

Why is housing always spoken of as a supply problem, when actually it's a demand problem?
Mass migration + banks controlling interest rates = record low rates, massive demand huge prices.
Where does the money go? The banks. Get it yet DT?

No mention of foreign ownership of property. But a good start.

Of course, the young don't vote. So fook em.

Suck people in on massive mortgages at low rates and then you've got 'em by the short and curlies for life

Of course, the young don't vote. So fook em.

Signing up for £30,000 student debts without a care in the world. Everyone's doing it so it can't be wrong!

[PurpleGorilla]

A million mauve monkeys

Foreign wealthy buyers don't need mortgages, they just need an investment vehicle for their money.

The fact that lots of developments are being build for them means the British wealthy who would have properties in those areas have brought properties that traditionally the lower middle and working classes would buy.

This has a knock on effect displacing everyone including immigrants around the country in locations where there are jobs.

However foreign wealthy buyers aren't immigrants as they don't live in the UK and are happy to let their empty properties rot.

[SueEllen]

Foreign wealthy buyers don't need mortgages, they just need an investment vehicle for their money.

The fact that lots of developments are being build for them means the British wealthy who would have properties in those areas have brought properties that traditionally the lower middle and working classes would buy.

This has a knock on effect displacing everyone including immigrants around the country in locations where there are jobs.

However foreign wealthy buyers aren't immigrants as they don't live in the UK and are happy to let their empty properties rot.

[BrilloPad]

There are some good comments on there :-

Why is housing always spoken of as a supply problem, when actually it's a demand problem?
Mass migration + banks controlling interest rates = record low rates, massive demand huge prices.
Where does the money go? The banks. Get it yet DT?

No mention of foreign ownership of property. But a good start.

Of course, the young don't vote. So fook em.

[PurpleGorilla]

In other news, iPhone sales are up.

Yawn.

[AtW]

It is too late for me, son.

[DimPrawn]

Take your pick.

[DimPrawn]

Might be still renting this time next year

Give up on the Birmingham "dream". Move the company overseas to a tax haven.

[AtW]

Might be still renting this time next year