There's a huge new migrant issue unfolding. So why isn't there any real debate about THIS one?

[Mikhail Liebestein]

28 minutes ago, wolfpavek1 said:

In 2008 the market collapsed because banks were lending at 9 times income multiples.

Then it dropped back to 4 times 

The default insurance you pay within your deposit is paid so the bank can use your promissory note to raise 100 times your deposit 

Yes it's Fiat money but the banks are now trying to raise the multiple back to 7to 9times income 

 

Our housing is based on a huge Ponzi scheme.

Which is going to be the next northern rock

 

 

I think the multiples grew massively overtime.

 

Started at 2.5-3.0 max in the 1960/70s for a single income.

 

By the 1980s it was 3.5, and then 3.5 joint income.

 

By the 1990s and early 2000s, 4-4.5 was ok on join in some cases, and post 911 interest rates really fell.

 

Then by  2006/7 jusr before the crash it was as mental as described above.

This was only made possible by low interest rates.  These then went lower than ever and in some cases, like the EU, base rates were negative.

[k_j_evans]

On 7/1/2022 at 7:09 PM, Grumpy Owl said:

 

Where do you live?

County Durham

[k_j_evans]

On 6/30/2022 at 8:27 AM, Nefaria said:

I take it you were lucky enough to obtain a mortgage and afford to buy your own home, probably down south in a nice middle class area alongside other private home owners?  Renting is becoming the norm in a lot of places as more and more housing is bought up and banks are reluctant to give people mortgages without massive deposits made on properties.

 

"Market forces" make everything nice and equal don't they?

I think part of the problem is that, these days, people aren't encouraged to save for what they want - just to have it all now. To buy a house, I spent two years living apart from my partner, except at weekends, as a lodger so I could earn a higher wage and save more of it. No pub, no tv, no holidays etc. Saved 50% of a year's wages, which was enough for a deposit in a cheaper part of the country. Where I live, you could still do that. Not in the posh, expensive south east, of course. I also blame all those home improvement programmes for giving people unrealistic ideas. 

[Grumpy Owl]

23 minutes ago, k_j_evans said:

County Durham

 

Thanks, but I think commuting to Birmingham would be a bit inconvenient to be honest.

 

This I think is also part of the problem, the 'cheap' properties are also in areas where people don't want to move to.

 

 

[pi3141]

On 6/30/2022 at 5:29 AM, pi3141 said:

They've been making us poorer in many ways and using cheap foreign workers to undermine UK workers, all started by Blair. This influx of immigrants has fuelled a Buy to Let boom which has gone on to push up House prices beyond normal affordability. Its affecting our economy in a bad way.

 

I think I am right about this - the British public is funding cheap labor for the big corporations by paying more to buy or rent a house. We are paying the price for cheap labor not just in our wages being degraded but our cost of living increasing and our living standards decreasing.

 

 

Immigration is making the housing crisis worse. So why won't any MP dare to admit it?

By STEPHEN GLOVER FOR THE DAILY MAIL

PUBLISHED: 00:40, 24 November 2022 

 

snip

There is another, much more powerful contributory factor that has been driving up house prices for 20 years and more, which almost no one mentions. It is the elephant in the room. I mean, of course, immigration.

 

Whenever politicians discuss the question of affordability of homes, or the matter is debated on the BBC, one can be practically certain that no one will dare raise the dreaded 'I' word.

 

Presumably they are terrified of being thought racist. No leading politician will dare address the issue in public. And yet it can't be denied that mass immigration since the beginning of the century has greatly worsened the housing problem.

 

According to an official 2018 report by the Ministry of Housing, Communities and Local Government, between 1991 and 2016, immigration drove up house prices in England by about 20 per cent in real terms.

 

Link - https://www.dailymail.co.uk/debate/article-11463921/STEPHEN-GLOVER-Immigration-making-housing-crisis-worse-wont-MP-dare-admit-it.html

[DaleP]

On 6/30/2022 at 10:00 AM, k_j_evans said:

Did you not notice the huge house price crash about 10 years ago which has never bounced back. House prices are way lower now than they were in 2007/8, for example. There is a shortage of housing for rent as "charities" like Shelter (who have never housed anyone) have lobbied government to make the private rental sector uneconomic for anyone except big corporations (tax, impossible regulations etc), causing smaller private landlords to sell up, while insisting on right to buy in the public/social housing sector so there are fewer homes to rent. Private landlords (except big companies) are not making money - most of them are getting out.

 

mnnn that sounds familiar. You own nothing and be happy?

 

On 6/30/2022 at 10:48 AM, Tinfoil Hat said:

You're right K. J. Even recently I read about taxation to private landlords increasing as well as new reg's making it harder for them to evict tenants who are in arrears.

 

Everything, as usual, is geared in favour of the wealthy and young people in particular are left up Shit Creek without a paddle.

 

Bang on.

https://www.bbc.com/news/uk-england-63719126

Edited November 25, 2022 by DaleP

[DaleP]

On 7/1/2022 at 3:00 PM, k_j_evans said:

You can easily buy a 2-3 bed property for 40-50 grand here. A lot less if you don't mind a shitty area

That's amazing kj.

 

You know what we should do....is to buy a property for £1...... usually quite derelict, inhabitable and do it up as we camp on site.

Make a pureblood village.

[DaleP]

It looks like migrant situation will be made worse until 2030.

It's all under the plan to collapse, EU and UK.

[Shake]

I would accept any refuge from war. They all seem to be military sized men ready for war. Ukraine and Sri Lanka I would take in. 

 

Albania nope.

Russia (only if they say zelensky) many russians but some idiots think they are russians and maybe some idiot thinks they are spies. When you meet a similar language just one word sy zelensky and the response. 

 

Gary Lineker I haven't seen you take the latest infux of military sized men into your bbc £4,000,000 contract 

 

 

[Captainlove]

23 minutes ago, Shake said:

I would accept any refuge from war. They all seem to be military sized men ready for war. Ukraine and Sri Lanka I would take in. 

 

Albania nope.

Russia (only if they say zelensky) many russians but some idiots think they are russians and maybe some idiot thinks they are spies. When you meet a similar language just one word sy zelensky and the response. 

 

Gary Lineker I haven't seen you take the latest infux of military sized men into your bbc £4,000,000 contract 

 

 

I thought for a minute you were on the wrong forum. I guess you need to do more research.

[DaleP]

I wrote in my previous post here. OMG!

More will come. This is how they are going to take your home if you own one.

 

https://rense.com/general97/Invasion_1.mp4