Welcome to the LTLF Forest Forum.

View Poll Results: Should the United Kingdom remain a member of the European Union?

Voters
56. You may not vote on this poll
  • Geoff Hurst

    23 41.07%
  • Onions

    33 58.93%
Page 943 of 943 FirstFirst ... 443843893933941942943
Results 23,551 to 23,562 of 23562
  1. #23551
    Senior Member
    Join Date
    May 2006
    Location
    Manchester
    Posts
    5,500

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by RealRed85 View Post
    Farage will rock up on I’m a Celebrity at some point. Guaranteed.


    Sent from my iPhone using Tapatalk
    As one of the fucking cockroaches


  2. # ADS
    Circuit advertisement
    Join Date
    Always
    Location
    Advertising world
    Posts
    Many

  3. #23552
    Senior Member
    Join Date
    Feb 2015
    Location
    Fterno, Lefkada
    Posts
    13,108

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by RealRed85 View Post
    Farage will rock up on I’m a Celebrity at some point. Guaranteed.


    Sent from my iPhone using Tapatalk
    I thought he'd be more suited to Rogue Traders.

    Sent from my M2003J15SC using Tapatalk


  4. #23553
    Senior Member
    Join Date
    Mar 2006
    Location
    Darkest Wiltshire
    Posts
    3,767

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by MaxiRobriguez View Post
    More likely scenario is house prices go nowhere (people won't have an incentive to sell because rent costs will end up costing them more) and instead the Govt stokes inflation further down the line to pay off COVID borrowing, which perversely will reward all those people who have taken on significant housing debt, as eventually it'll lead to salary and price rises but the underlying debt figure will remain unchanged, so as a proportion of income/other spending it will fall.

    At this juncture I don't really see how the UK (or other developed nations) get out of the debt hole we've got ourself into because a traditional "pay it back" will take decades and weigh on productivity throughout. Also, an inflation stoke has been demonstrated to work well in the past..
    We had 15% interest rates in the late 80's which should have reduced the debt, it didn't though -people just lost their houses.

    Inflation is fine for reducing debt if wages rise ahead of interest rates but they inevitably won't and things will get worse not better.

    The only way of getting house prices to a manageable level, or at least getting people on the property ladder, is to build more houses. Private firms won't do this so we need local government to step up and build council houses. Council rent is lower which will take the edge off all of the 'second home paid for by the tenant' investors and more houses being built should stop the insane increases we have seen in house price values over the last 20 years.

    Only those who will risk going too far can possibly find out how far one can go.

  5. #23554
    Senior Member
    Join Date
    Jan 2008
    Location
    No longer unnervingly close to Anatoli's house
    Posts
    4,437

  6. #23555
    Senior Member
    Join Date
    May 2007
    Location
    Cloud Cuckoo Land
    Posts
    26,336

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by Phooey View Post
    We had 15% interest rates in the late 80's which should have reduced the debt, it didn't though -people just lost their houses.
    Some lost their homes yes, but the majority who cobbled through went on to see their net worth increase beyond their wildest dreams.

    David Willets explains this (amongst other things) well here: https://www.youtube.com/watch?v=ZuXzvjBYW8A

    .k I m
    I m u mm

  7. #23556
    Senior Member
    Join Date
    Mar 2006
    Location
    Darkest Wiltshire
    Posts
    3,767

    Default Re: The Big BREXIT discussion!

    You've missed a step here, it was the baby boomers who bought in the 60's and 70's that were the biggest winners here. My parents bought our house in Barnstone for £8K in 1975 and then sold it for £83K in 1988. That was the big jump because even though the new house in Colwick was £102K the mortgage was still only £30K so 15% interest rates was manageable.

    My peers who bought in the late 80's and early 90's were paying twice that and losing their homes when the rates went up.

    Those who made the real money were the ones who already had plenty of equity and then could afford to cash some of that in for second homes and rental properties. As things stand that's the place to put your money, house prices only go up and you can get a gen Z/millennial to pay your mortgage for you in rent.


  8. #23557
    Senior Member
    Join Date
    Feb 2015
    Location
    Fterno, Lefkada
    Posts
    13,108

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by Phooey View Post
    You've missed a step here, it was the baby boomers who bought in the 60's and 70's that were the biggest winners here. My parents bought our house in Barnstone for £8K in 1975 and then sold it for £83K in 1988. That was the big jump because even though the new house in Colwick was £102K the mortgage was still only £30K so 15% interest rates was manageable.

    My peers who bought in the late 80's and early 90's were paying twice that and losing their homes when the rates went up.

    Those who made the real money were the ones who already had plenty of equity and then could afford to cash some of that in for second homes and rental properties. As things stand that's the place to put your money, house prices only go up and you can get a gen Z/millennial to pay your mortgage for you in rent.
    It's sad that an economy is based on the house prices so much. Would we be as happy if the price of our next new car was going up as fast?

    Sent from my M2003J15SC using Tapatalk


  9. #23558
    Senior Member
    Join Date
    May 2007
    Location
    Cloud Cuckoo Land
    Posts
    26,336

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by Phooey View Post
    As things stand that's the place to put your money, house prices only go up and you can get a gen Z/millennial to pay your mortgage for you in rent.
    No longer worth it to would be boomer BTL'ers. Tax changes make it less profitable and both property and rent prices are reaching their maximums (ultimately limited by wages/price ratios).

    Makes much more sense to put money into a pension (preferably via employer schemes), dodge the income tax (and NI if via self sacrifice) and then be able to invest in a much broader basket of assets than UK property.


  10. #23559
    Senior Member
    Join Date
    Mar 2006
    Location
    Darkest Wiltshire
    Posts
    3,767

    Default Re: The Big BREXIT discussion!

    re, Lefkasman's post.

    I agree entirely (and place the blame firmly on your generation btw ). Vast sums have been made off the back of a lack of new housing being built. The insult is that a lot of that money has then been used to further reduce the supply to the new buyers who are bankrolling those profits.

    The house builders won't sort this out so local government needs to step in.


  11. #23560
    Senior Member
    Join Date
    Feb 2015
    Location
    Fterno, Lefkada
    Posts
    13,108

    Default Re: The Big BREXIT discussion!

    So France is using it's sovereignty in the brexit negotians for its own benefit.

    Sent from my M2003J15SC using Tapatalk


  12. #23561
    Left Winger
    Join Date
    Dec 2003
    Location
    Lufthansa Business Lounge
    Posts
    89,545

    Default The Big BREXIT discussion!

    Quote Originally Posted by Lefkasman View Post
    So France is using it's sovereignty in the brexit negotians for its own benefit.

    Sent from my M2003J15SC using Tapatalk
    I don’t believe it!

    Boris had an over ready deal? An oven ready, I tell you.

    It was written on a bus.

    Last edited by Strummer; Today at 21:29.
    „I believe in socialism because it seems more humanitarian, rather than every man for himself and 'I'm alright jack' and all those arsehole businessmen with all the loot. I made up my mind from viewing society from that angle. That's where I'm from and there's where I've made my decisions from. That's why I believe in socialism“

    „Don't forget you're alive. 'Cause sometimes when you walk around the city and you're in a bad mood, you can think, hey, wait a minute, we're alive! We don't know what the next second will bring and what a fantastic thing this is. This can get easily forgotten in the routine of life, and that's something I'm trying to bring to my attention at all times. Don't forget you're alive. We're not dead, you know. This is the greatest thing.”

    — Joe Strummer

  13. #23562
    Ale ape.
    Join Date
    Jan 2007
    Location
    The Pub
    Posts
    30,277

    Default Re: The Big BREXIT discussion!

    Quote Originally Posted by Strummer View Post
    I don’t believe it!

    Boris had an over ready deal? And Ben ready, I tell you.

    It was written on a bus.
    Gone past it’s sell-by date now though.


 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •