Cheap properties to snap up after the repossessions?
(Not saying I agree with the theory, just pointing out a benefit)
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2022 mini-budget discussion
- Thread starter Harlequin
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Cheap properties to snap up after the repossessions?
(Not saying I agree with the theory, just pointing out a benefit)
Yea those gosh darn lefty financial markets have always had it in for us.
We know Truss said she's willing to make unpopular decision but no one thought they'd be nothing but unpopular decision, can't we at least have one popular decision?
Soldato
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Yea those gosh darn lefty financial markets have always had it in for us.
We know Truss said she's willing to make unpopular decision but no one thought they'd be nothing but unpopular decision, can't we at least have one popular decision?
I expected her to make decisions that were unpopular with the domestic electorate. I didn’t think she meant unpopular with the global markets, because that would be a bit stupid. Even if she is as stupid as she appears, someone in her team should have observed the narrative and thought “I better check if she knows she’s being stupid just in case”. At this point the circular logic starts to give me a headache.
Soldato
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Well, I did say here on OC be careful what you wish for, when the lynch mob were in full on baying mode for Boris' head.
Even I have to laugh at just how soon after his totally unjustified ousting by the conservative party Left leaning folk on the Internet are wishing for his return
We should have had an election, or the incoming PM should have stuck to the manifesto the party were elected on. I don’t remember destroying the country being in the manifesto… oh, get Brexit done. Maybe it was.
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I feel really really sorry for those families struggling right now as its about to get a lot worse.
Its 100% deliberate.
Caporegime
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I'm so glad we had 6 years of austerity, that was really worthwhile...
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Of course they do. They have to in order to maintain their fragile worldview that’s currently crashing on the rocks of reality.
Well, I did say here on OC be careful what you wish for, when the lynch mob were in full on baying mode for Boris' head.
Even I have to laugh at just how soon after his totally unjustified ousting by the conservative party Left leaning folk on the Internet are wishing for his return
Nah, this is perfect. With any luck it will collapse the Tory party and make them unelectable for a decade or more.
Well that did appear to be the plan after he referenced Cincinnatus in his leaving 'speech'.
I see this as the beginning of the Conservative plan to turn the U.K. into a low tax, low regulation economy on the edge of Europe due to Brexit - that seems to have been their stated aim for years. I think I mentioned this in another thread, but I think the reality is going to be the U.K. once again becomming the poor man of Europe, a la the 1970's and all the associated hardship that came with that.
Thank christ they have binned off that 45% top tax rate. I think we were all worried about how those top earners were going to pay their heating bills after the price cap came in.
My mind is actually boggled that the Tories have done that and another stamp duty holiday. I have never really hated the Tories despite their mismanagement of the country for the past decade but I think I do now.
There is absolutely no justification for either of these and they are both going to cost the economy billions when it can least afford it. The future is looking real depressing for the country right now.
My mind is actually boggled that the Tories have done that and another stamp duty holiday. I have never really hated the Tories despite their mismanagement of the country for the past decade but I think I do now.
There is absolutely no justification for either of these and they are both going to cost the economy billions when it can least afford it. The future is looking real depressing for the country right now.
Permabanned
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And Giorgia Meloni has won the Italian elections. The EU must be in a spin.
Well, just keep saving as much as you can and see what happens, making sure your savings are hedged against sterling and the UK economy going down the toilet.
Being in a position to buy next year is preferably to trying to buy right now, so there's that much!
For why?
I imagine that exactly the same thing will happen this time. House prices will go up by way more than the stamp duty reduction and you will have the perpetual problem that housing has in the UK. If you wait, the house you are buying will probably have gone up by more than the money you save towards it.
You have two options. Buy now and benefit from the stamp duty holiday and suck up the increase in property prices or buy later and still pay the inflated prices but without the holiday. Your only hope is that the market has some sort of collapse but the government will be petrified of that and will pull every stupid trick out of the bag to avoid it. Stamp duty holiday being a prime example.
Its such a monumentally ******* stupid plan it actually boggles the mind. The housing market needs deflating, not inflating some more. If this economic turmoil lasts more than a few years there will catastrophic consequences for so many. Massive job losses, mortgages people can't afford. Services stripped to the bone due to low tax income and huge debt repayment.
People deserve to be lined up against a wall for the damage they are doing to the country.
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Depends which country you’re moving to go get out of this **** show
Thanks for the responses, @mid_gen - how would you go about that? Currently using standard savings accounts 
(I recently put a wad in a Chase account, all happy with myself @ 1.5% 
). I think 1.95% or even more are now on offer.
(I recently put a wad in a Chase account, all happy with myself @ 1.5% ). I think 1.95% or even more are now on offer.
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This - a million times. There is this almost desperate desire to overinflate house prices to a ridiculous degree in order for home owners to feel secure (and vote Conservative) and presumably gain the revenues from inheritance tax in the future. I can't help but feel its going to all come crashing down.
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