Mortgages & House Prices

[Mr H]

5 minutes ago, DaleP said:

 

Like back in 2008, if it hits US & Canada, it will have a ripple effect over here too.

Anyway, according to astrological videos, there will be a crisis in April in EU.

 

War usually lasts 4 years, how long does the financial crisis continue normally?

Think it depends on the severity. 

 

He's not always right btw, but FWIW, the instructor thinks the can will be kicked down the road again, and we don't see hyperinflation until 2027-8, which is when everything truly unwinds and collapses, heading into 2030 reset.

[Macnamara]

Ruto speaks on dollar shortage, promises to protect businesses amid opposition protests

 

[Macnamara]

7 minutes ago, Macnamara said:

 

the kenyan president said folks should ditch their dollars in the NEXT TWO WEEKS!

 

the alternative is that chinese communist party intends to place their digital yuan as the worlds reserve currency

Saudi Arabia AGREEING TO YUAN FOR Oil, PETROYAUN To Crush Petrodollar & Bring New Oil Order

 

[TrippMelendez]

Hey there! I can totally understand where you're coming from regarding house ownership and the feeling of not truly owning it due to the ever-increasing council taxes. It's great that you have your own place, but it can be frustrating dealing with that extra financial burden each year.

[Mr Crabtree]

On 10/6/2022 at 7:25 PM, Grumpy Owl said:

 

Its a possibility, but then again, I wouldn't expect these banker parasites to do anyone any 'favours'.

 

 

If we think about the WEF mantra "you will own nothing and you'll be happy" and the expectation that people will merely 'rent' their possessions (rather than own them outright), then it stands to reason that 'someone' must own stuff in order to rent it back out to others.

 

I'm reminded of a few years ago now, where something that became briefly 'popular' were these companies that appeared out of nowhere and offered to 'buy your house for cash', with the proviso being that you continued to live in it, but paid 'rent' to this company instead of your mortgage.

 

I'm also reminded of seeing some vinyl advert splashed on a car which I walked past every day on my way to work for months, though I think the vehicle has been moved on now.

http://sellyourhousetosam.co.uk/

 

That website to me looks 'half-finished' even now, with loads of 'ipsum lorem' dummy text that hasn't been replaced, so wouldn't fill me with confidence.

 

But clearly there is some enterprise out there that is desperately keen to 'acquire' property.

 

So it stands to reason that maybe the banks would also like to get in on this act, as I speculated in my article on my own website, perhaps instead of merely selling off repossessed properties, where owners have defaulted on their mortgage payments, they may consider it 'more prudent' to acquire that property and then rent it back to the mortgage payer - as long as the tenant is able to keep up with the rent payments then its really no risk to the bank.

 

And as the bank gains the property as an 'asset', they can even afford to 'rent it back' at a rate potentially lower than the mortgage payment would be. Earnings through 'interest' are speculative, based on money being generated out of nothing in the form of credit, while rent payments would be more tangible. And thus more 'guaranteed'.

Years ago the Irish pound was called a PUNT and when I asked why? the answer was obvious, it was called a punt to rhyme with BANK MANAGER!

[peter]

13 hours ago, Mr Crabtree said:

Years ago the Irish pound was called a PUNT and when I asked why? the answer was obvious, it was called a punt to rhyme with BANK MANAGER!

I didn't know you had a bank manager called Mike Hunt, there must be one in every branch

[peter]

On 8/2/2022 at 5:02 PM, alexa said:

The dept slavery-Mortgages & House prices. I am fortunate in a way as I own my house, but do I really ? What with the hike in council tax's every year.

By the time you pay for your house over the course of a 25-30yr mortgage, with interest and government fees you will have payed for your property on average 2 1/2 times, what a con

Edited May 24 by peter

[Campion]

10 hours ago, peter said:

By the time you pay for your house over the course of a 25-30yr mortgage, with interest and government fees you will have payed for your property on average 2 1/2 times, what a con

 

Yup, definitely, tho it's better than paying rent your whole life imo. And I think it's also a symptom of the collapse of our once close-knit and cohesive family and tribal structure, into this corporate-marxist run prison camp which we call modern society. Asians still have some of that cohesion when they lend money within the family for buying property and starting small businesses, and keep the wealth themselves. Tho perhaps the corporate-marxists are chipping away at them too these days. 

[Mr H]

2 hours ago, Campion said:

 

Yup, definitely, tho it's better than paying rent your whole life imo. And I think it's also a symptom of the collapse of our once close-knit and cohesive family and tribal structure, into this corporate-marxist run prison camp which we call modern society. Asians still have some of that cohesion when they lend money within the family for buying property and starting small businesses, and keep the wealth themselves. Tho perhaps the corporate-marxists are chipping away at them too these days. 

Ya I was brought up to believe mortgage better than renting. But really you don't really own the property during the mortgage period and by the time you pay it off you are close to death, and you can't take the house with you. I get it if you have children it's different as you may wish to leave assets.

 

But mortgage also restricts your work life, and where you can and can't live.

[Campion]

23 minutes ago, Mr H said:

Ya I was brought up to believe mortgage better than renting. But really you don't really own the property during the mortgage period and by the time you pay it off you are close to death, and you can't take the house with you. I get it if you have children it's different as you may wish to leave assets.

 

But mortgage also restricts your work life, and where you can and can't live.

 

I guess buying a home is better if you're wanting to settle down and build a long-term nest so it depends on where you are in your life plan. Not to mention that over the lifetime of boomers and gen-x houses worked well as a geared investment because house prices have risen much faster than the interest rates they've paid. No doubt that's why they're now forced to sell up to pay for care in many cases. 

 

How long do young people take out mortgages for nowadays? It used to be 25 years which sounds a long time when you're young but I think this kind of long-term financial planning is well worth it. Take pensions as another example, you need to save into them even longer 40+ years to have a decent retirement. I have friends who buy-to-let properties instead of having a standard pension and it seems to work for them. However perhaps the horse has bolted for all that now as property prices have spiralled so far ahead of the rest of the economy, and the smart money will look elsewhere for easy profit. 

[Mr H]

7 minutes ago, Campion said:

 

I guess buying a home is better if you're wanting to settle down and build a long-term nest so it depends on where you are in your life plan. Not to mention that over the lifetime of boomers and gen-x houses worked well as a geared investment because house prices have risen much faster than the interest rates they've paid. No doubt that's why they're now forced to sell up to pay for care in many cases. 

 

How long do young people take out mortgages for nowadays? It used to be 25 years which sounds a long time when you're young but I think this kind of long-term financial planning is well worth it. Take pensions as another example, you need to save into them even longer 40+ years to have a decent retirement. I have friends who buy-to-let properties instead of having a standard pension and it seems to work for them. However perhaps the horse has bolted for all that now as property prices have spiralled so far ahead of the rest of the economy, and the smart money will look elsewhere for easy profit. 

Yeah the buy to let gig was free money. But we're just entering a new interest rate cycle where we can expect rising rates next 40 years. And government from what I understand have increased red tape and taxes in that field.

 

I think with pension you have to manage yourself if you don't want them to disappear or you want a decent return.

 

I think it's sensible putting something away for rainy day, but generally these things are just handing wall Street your money which they can enjoy today, in exchange for the possibility of you enjoying something in the future which may or not happen.

[peter]

4 hours ago, Campion said:

 

Yup, definitely, tho it's better than paying rent your whole life imo. And I think it's also a symptom of the collapse of our once close-knit and cohesive family and tribal structure, into this corporate-marxist run prison camp which we call modern society. Asians still have some of that cohesion when they lend money within the family for buying property and starting small businesses, and keep the wealth themselves. Tho perhaps the corporate-marxists are chipping away at them too these days. 

Isn't it funny that you always seem to  have a choice between two or more very unpalatable options, and if possible people will always take the less egregious, kinda like voting if your still silly enough to partake 

Edited May 25 by peter

[Campion]

1 hour ago, peter said:

Isn't it funny that you always seem to  have a choice between two or more very unpalatable options, and if possible people will always take the less egregious, kinda like voting if your still silly enough to partake 

 

All part of the plan to keep us locked up in a containerised system where the easy choices are designed from the top down and wealth flows upwards. If you don't vote for their choices they still win. Especially in high density population areas like western Europe where there isn't much free space to go off grid. 

[peter]

23 minutes ago, Campion said:

If you don't vote for their choices they still win.

I can't speak for other countries but in Australia under the English Westminster system ( unless it has been changed) it's my understanding you have to have a a certain percentage of the population vote to actually form government ,that is why voting is compulsory.What better political statement if every one to a tee just wrote fuck off on their ballot,but unfortunately people are brainwashed into thinking Governments run countries,when in actual fact they are just theater for idiots    

Edited May 25 by peter

[sock muppet]

On 3/28/2023 at 11:25 PM, DaleP said:

War usually lasts 4 years, how long does the financial crisis continue normally?

 

In the current system of delusion all three are designed to last forever, only the names get changed,

[Campion]

4 hours ago, peter said:

I can't speak for other countries but in Australia under the English Westminster system ( unless it has been changed) it's my understanding you have to have a a certain percentage of the population vote to actually form government ,that is why voting is compulsory.What better political statement if every one to a tee just wrote fuck off on their ballot,but unfortunately people are brainwashed into thinking Governments run countries,when in actual fact they are just theater for idiots    

 

In our recent local elections the turnout was about 25% in my area, yet the politicians still get the same amount of power. I wonder what would be the turnout if we had referendums for the big decisions instead of leaving the politicians to get on with it and do whatever they want. 

[wolfpavek1]

On 8/7/2022 at 9:15 PM, Grumpy Owl said:

 

You never truly own your home until you have paid off your mortgage in full. Or unless you bought the property 'outright' with no mortgage involved.

 

Council tax is a completely different matter though.

 

 

You might be right there, but I have never heard of anyone losing their home due to a failure to pay any council tax owing.

 

If your mortgage is paid up in full, then you own your property and there is no debt secured against it. If you lose your job and can't afford to pay the council tax, the worst that could happen is that you get taken to court, and then you find yourself in a position where you need to sell your home (your asset) in order to pay off your debts.

 

I don't think its possible that any council could 'repossess' your home if you own it outright.

 

 

 

But going back to the HugoTalks video, it would seem that the banks are laughing all the way to the - ahem - bank. With all the uncertainty about interest rises and the 'cost of living crisis', one gets the feeling that the banks are changing the way that they agree mortgage conditions, knowing full well that many buyers could find themselves in a position where their homes could be repossesed due to 'defaulting' on their mortgage payments.

 

Is there a property 'crash' looming? Are the banks trying to sucker enough people so they can seize as many properties as they can? Which they can of course then sell off at 'reduced rates' or via 'auction' to their elite wealthy investors, who can acquire large numbers of properties that can then be 'rented' back to those who lose their homes?

 

 

The mayer Amstel Rothschild con for the Napoleonic wars

 

Make their bank the central bank on this case BOE all money goes through that and they are  struggling with no liquidity what's the best way to shit up the plebs and government

Tell them they are insolvent  and all of a sudden the plebs and hunts go no way can we let the BOE collapse .

Raise the interest rates as much as you want giving the BOE carte blanche.

It's nothing. To do with inflation it's about stealing everything in a fugazi omg we are insolvent  bs and lo we need the government to protect us.

 

 

Using the typical deflect and distract bs

 

Bailey does not have the british people at heart nor does hunt

 

What fools we have been illiquid since 2009when we dropped the rates to zero. And no one said anything.

We then go sneaky tears lets leave it at zero and then let's go zipn and destroy the goy and eir pathetic governments for allowing us to do it all over again

 

Invoke amr the master and let's bankrupt them all the stupid pathetic little goy how dare you challenge our godmindedness.

 

 

Kennedy tried to stop them Castro and even Hitler tried  even the one on the cross.the arrogance is palpable and the sheep have staved us all

 

 

 

 

[wolfpavek1]

It can be stopped overnight if the monarch reverse the spell and creates a bank of the united kingdom 

Never in aillion years

Or let Santander cover the debts of the country instead

Again never in a million years

 

Then they trash and burn anyone standing at the emperor's new clothes and goes they are totally exposed and corruptedly ignorant