Originally posted by BrilloPad
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Reply to: A million mauve monkeys
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Previously on "A million mauve monkeys"
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Originally posted by AtW View PostForeign wealthy buyers don't need mortgages, they just need a away to launder their ill gotten money without questions asked.
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Originally posted by Flashman View PostSuck 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!
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Originally posted by BrilloPad View PostThere 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.
Of course, the young don't vote. So fook em.
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A million mauve monkeys
Originally posted by SueEllen View PostForeign 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.
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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.
Leave a comment:
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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.
Leave a comment:
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