The Weekly Gripe

Gripes the News
The Soapbox
Gripes in the pipes
*

The housing bubble in the UK, house prices falling

33 comments  Add a comment

Yes house prices are falling and will continue to fall.  UK house prices are one of the biggest economic bubbles schemes in this pathetic country's history.  It was pumped up after the dot com bubble burst, by our so called government and the banking cartels to keep the money men happy.  It will burst as all bubbles do and the fact that the powers that be are busy pumping up the next bubble (which are ETFs) shows they know it's all over for this stupid housing bubble.

The British state has turned on the British people, everyone but the Politicians and Bankers are really starting to struggle, the cash and assets held by the worlds wealthy elite have increased by over 50% while we cannot find a job or a home anymore.  Interest rates will begin to sky rocket soon and the bankers will begin stealing people's homes, when you factor in the fact that due to all the Collateralized debt obligations (CDOs) and other fraudulent asset-backed securities, your home is now worth far more to the bankers if you default (yes they bet against you with your money).  So expect a frenzy of repossessions soon.  Think I am being paranoid?  Look over the pond to the US, The very banks that the American tax payers bailed out are now fraudulently foreclosing on their the home.  But the American government just stand by and watches all this as they do not want to upset there masters. 

If you are in trouble with your mortgage and need to sell, get it on the market now and discount it heavily.  This is only going to get worse.' So while Mr.  and Mrs.  Delusional are still asking a quarter of a million pounds for their three bedroom council semi, you can make a sale and get out of the market.  The smart money got out of the property market in 2007.

It may seem crazy but I am looking to buy a home at the moment.  But I am a cash buyer and not in a chain.  I'm also looking for a HOME and not an asset, so I will not being paying over the odds when prices are in free fall.  I have viewed many properties over the past year but nobody will negotiate.  Home sellers now fall into two categories, 'desperate' or 'delusional'. 

The government, bankers, estate agents and sellers have done an outstanding job in keeping property prices as high as they are now.  But prices will have to correct for the economy to even think about turning around.  It is unavoidable.  Prices have to be at 3.5 times the average salary (which is far lower than you think) for the housing market to function, Prices only got so high due to insane lending and cheap interest rates.  The banks no longer want to lend as they are technically insolvent and the fact that they are borrowing money at 0.5% then lending at far higher rates, is the only reason most major banks are still trading.  A monkey could make millions under those conditions.

Presumably the house prices are being kept high is because it will crash the asset sheets of the big banks.  The ironic thing is that due to the fractional reserve banking system, the bank never actually invested anything in you or your home when you took out your mortgage, they just created a debt in your name on their computer and never actually risked a single penny.

Wake up Britain!  You are being robbed!

By: Aleedsfella


Leave a comment

First Prev Page 1 of 3 Next Last

collar

collar

Ludicrous. Have you thought about renting outside the area wearing your old clothes and asking passers by for their advice? Give it a try and you might get enough feedback to rent yourself second property, and the genuinely homeless people who the charity shelter collect for will get their roof over their heads ... Everyones in a similar boat, the mortgage payers do their monthly remitance, the rentee feeds off the trickle down, and you earn your crust by demonstrating your true value to the housing market!
collar
4th Jun 14 08:37

!

0
Rachman

Rachman

Hehe they're on their way back up now, gradually. Crash postponed again.
Rachman
17th Sep 13 06:53

!

-5
Dave

Dave

I'm afraid you are delusional man. House prices in London ain't gonna fall anyway because there are plenty of people wanting to move there. House price = 3X salary? What a joke! In some places especially the developing countries house price = 300X annual salary. House prices can't keep falling down because the Brazilians the Chinese will see them as real bargains and will simply come in and buy them with heaps of cash.
Dave
14th May 13 12:57

!

-12
anom

anom

It seems that something is wrong to me too, I dont understand how it can have. ,got so expensive, it seems just stupid, houses should be. 50%,cheaper at least,feels to me as though life should consist of plenty of cheap houses millions more jobs being available and people doing less hours to get the money needed for a basic 'life', with a dole queu only 5 to10% of the size it is today,i see a vision of a world full of people happy to have a life consisting of half the hours they do today, but able to achieve the average lifestyle by the cost of todays lifestyle being cut by making houses and vehicles cheaper and just pumping money in to a system that taxes more heavily those who save over 30000 £,
anom
5th Dec 12 21:08

!

0
Groucho Marx

Groucho Marx

The housing bubble will go like "Pop Goes the Weasel": pop!!!!!!!!
Groucho Marx
23rd Jan 11 17:36

!

-6
Mr Inflation

Mr Inflation

Big D, is that your expert opinion, or a very desperate hope?
Mr Inflation
23rd Jan 11 11:29

!

-5
Londoner

Londoner

Do you have any idea what you are talking about with "Pop Goes The Weasel"
Londoner
12th Jan 11 22:53

!

-2
Groucho Marx

Groucho Marx

Pop Goes The Weasel.
I will not stand for anything that's crooked or unfair
I'm strictly on the up and up
So everyone beware
If anyone's caught taking graft
And I don't get my share
We stand 'em up against the wall
And pop goes the weasel.
Groucho Marx
12th Jan 11 22:40

!

-4
Big D

Big D

Property prices are still relatively high but I wouldn't expect them to drop too much further, at least not quickly unless unemployment really starts to bite deeply. A slow and modest fall or "flatlining" is most likely going forward.

If London properties are excluded from statistics most of the country is sitting at Price\Earning ratios of 4-4.5; only slightly higher than the historic average of 3.7. A recovering economy in the 3-5 year term could quickly pull ratios back to historic levels. In addition mortgages are relatively affordable if you can convince a bank to give you one.

So don't expect to pick off forlorn distressed buyers just yet "leedsfella"; you're going to have to pay the full sticker price.
Big D
9th Jan 11 20:06

!

-9
Daisy

Daisy

Indigo Spirit, I think you could be right! The Elite cartels own half the world and control the politics hence half the world owes them and this makes it very unfair.
Daisy
25th Dec 10 00:30

!

1
IndigoSpirit

IndigoSpirit

This is all true. I sold my house in May 2010 and am looking for a new home. I know the prices are going to fall as the banks are all printing money out of thin air! The banks are all owned by the elite cartels of the world that control the governments through these and all the companies they have purchased through dishonesty and fraud. They have become too powerful and the own all major governments of the world. Wikileaks are a threat to them all and will bring down the governments throughout the truth that will set us all free from the invisible chains we are all under. Money is a modern day version of slavery. I hope all will support groups that stand up for our rights and liberties as human being on this planet. Enough is enough. I bless you all.
IndigoSpirit
24th Dec 10 23:47

!

1
anon

anon

the answer to this???

Chocolate, wine and coronation street......all better then
anon
6th Dec 10 22:13

!

-11
the_real_athair_siochain

the_real_athair_siochain

Prices fall, because the landlords and money lenders nobble the market place,

You buy a home for two hundred thousand pounds, you get a loan because the bank has put a value to match the price paid, AFTER TEN YEARS PAYING INTEREST TO THE MONEYLENDER you are told the value is now four hundred thousand pounds . interest rates rise and you find you cant pay, you try to sell like many others in the same boat, prices are forced down so investors can get cheap property, you then have the bank sell your property for two hundred thousand pounds, after all fees and payments are made the bank has the property for the value of the original loan, and you could still have tens of thousands of pounds to repay the bank, on top of the years of interest you paid the bank, I can go on and on, we must be insane to allow these parasites to control our lives,,, we need to bring back hanging,,,,
the_real_athair_siochain
6th Dec 10 22:04

!

-7
the_real_athair_siochain

the_real_athair_siochain

People need to be educated. most of us are blind to what has been going on. -- we need to understand the majority of politicians are landlords or moneylenders--landlords force up the price of property by putting up rent, take a house in Acton that had four bedrooms, these rooms were divided to make twelve rooms for single men, these men are on social security so the government(taxpayer) controlled by landlords and moneylenders is paying the landlord ninety pound a week for each person that's a total of one thousand four hundred and forty four pounds every week. that creates a investment value of one and a half million pounds-- no wonders working people cant buy a home for their family. if you do buy-- you borrow money from a moneylender who charges rent on the money (interest).
When you buy a loaf of bread you could be supporting the families of hundreds of landlords and money lenders, follow the paper trail from a seed of wheat to the supermarket shelf. all along the trail some landlord or moneylender will be getting a cut.
It is legal for banks to lend ten times the total amount of money that is deposited in the bank, their security is "future mortgage repayments"
In the US some moneylenders were lending 65 times the amount of the deposits in the bank, no wonder they went under. how do the banks survive,,, if they had one hundred million pounds in deposits they could pay 3% interest. .. they could lend out one billion pounds against the deposit. just think of the interest they will receive on that. at to that the fact the banks force property values up by protecting greedy landlords. this also forces up the value of assets the bank uses to balance their books, this is legal, because the landlords and moneylenders who are the majority in Parliament,
We are all slaves , we don't work for a living , we work to support the pleasurable lifestyles of the greedy landlords and moneylenders,
the_real_athair_siochain
6th Dec 10 21:47

!

-6
NoNeedForName

NoNeedForName

The other issue (which may have been mentioned already sorry), is that if you try to rent a property in this country, you will pay through the roof for it. I earn good money and can only afford a modest place due to the monthly rent which is probably as much as a mortgage payment. I sold my house when my husband and I divorced 8 years ago and haven't been able to get near the property market since.
NoNeedForName
1st Dec 10 13:24

!

-11

First Prev Page 1 of 3 Next Last

FEATURES

Gripes the News
Gripes in the pipes
The Soapbox
spinner