BTL dying

End the Buy to Let ponzi from landlords of 100 properties or more before it takes down the entire society.

When this is over, you’ll want to shoot the real estate agents as traitors, selling for corrupt foreign blood money. They’ve aided and abetted international fraud.

https://news.yahoo.com/uk-property-market-news-brexit-prices-survey-buy-sell-good-time-uncertainty-bad-230146993.html

Put it out of its misery.

https://news.yahoo.com/residents-horror-at-being-left-homeless-after-their-house-collapses-due-to-building-work-next-door-085134646.html

Great taste in ‘builders’.

“It was a shocking experience and no one is accepting liability.”

It’s terrorism.

“Our landlord is confused what is covered by his building insurance and the contractor doesn’t want to accept liability.”

Yeah, ’cause they’ll be deported. It’s criminal damage.

https://www.mirror.co.uk/money/halifax-mortgage-first-time-buyers-20049048.amp

Halifax launches new 100% mortgage for first time buyers with no deposit needed

Hold me.

In London, the average first-time buyer deposit now stands at £101,389 (22% of the purchase price) – almost double the 2009 figure of £50,944.

My fucking sides.

“y u so cynical” – er…. maths?

Jesus f-ing Christ.

“While increasing numbers of first-time buyers is good news for the housing market and they are not far off the peak of the last boom which was just under 190,000 in 2006 – it’s saving enough to get a foot in the door that’s still the biggest blocker,” Russell Galley, at Halifax, said.

Yeah, you don’t wanna be last person in line for the abattoir.

Before the door shuts. You’ll miss your free shower.

Statistically, the average first-time buyer is now 31, with that age having slowly crept up over the past decade from 30.

The oldest are in London (33),

And these buyers now make up more than half of the UK’s mortgage financed house purchases, compared to 38% in 2009.

Ask yourself: who are these pricks in media gonna sell to?

They’re gonna live about fifty years. That’s a lotta taxes.

The city was only valuable because of the PEOPLE.

No magic dirt! Who’ll buy your shit bricks near a mega-mosque, Han?

If you’re not married and planning kiddies, why the fuck do you need a house? To show off your prize pozzed dildo collection?

It continues because…. stupidity.

When it comes to affordable homes, the number of areas in this bracket has fallen from 83 to 38.

Keep voting for diversity, you bloody numpties.

You can’t white flight tied to a house depreciating in value thanks to your new neighbours.

Regionally, first-time buyers in Yorkshire and the Humber, Wales and East Midlands have to find the lowest deposit – 16% of the total purchase price – compared to London at 22%.

Are those not both low?

Halifax has today launched a new family boost mortgage to help first-time buyers get on the ladder without a deposit.

Instead of a lump sum, savings from parents or other family members can be used to provide security for 10% of the loan.

Ho Lee Shit.

You wanted to pack the country like a tin of sardines, you numerically illiterate pathological altruist twits.

The champagne socialists will more than pay for their mistakes, as I long predicted.

Buy to let is the most sophisticated timeshare. Hey, you get to pay all this money now and get little crumbs back! Maybe! Aren’t you proud? Don’t add up when you’ll break even, you’ll ruin their ‘lending’ fun. You’ll never make that much money. Sure, the banks could buy all the properties and do the same thing but you’re so gosh darn smart! Safe as tulip colours!
You whine about social credit, brag about your credit score. You are SO clever.

All the alcoholics down the pub agree with you, you’re just a genius.

we are offering families a way to help give the next generation the boost that they need to get on to the property ladder,

it’s called inheritance?

while providing competitive rates to both buyer and supporter,” the lender said.

Never a buyer nor lender be. Who is jewing who?

Competitive rates, eh? Fixed, I’d wager. Would be a shame if the markets were inflated or something.

There won’t be a house for nonny to move in because the banks know you’ll default on the mortgage and she’ll lose her savings, meaning you won’t even be able to keep her warm. Multi-generational stupidity.

The three-year mortgage is fixed at 2.9% with no fee, while the deposit savings are held at a fixed rate of 2.5% for the same period.

Inflation called. It said nothing.

It took everything.

At the end of the three years, provided that the mortgage payments have been kept up to date, the savings and interest will be returned to the supporter (ie family member).

Three years of continuous payment. From a Millennial? How will they buy the next iPhone?

They’re holding life savings to ransom and you’re letting them.

But if you’re on your own, Wayhome is offering a slightly different version of shared ownership. Essentially it pairs you with a ‘funding partner’ in order to purchase a property.

“purchase”

You stick down 5% as the deposit, while the partner pays the rest.

Mathematically, how.

You then pay rent on the chunk of the property that you don’t own, with the option to overpay on the rent whenever you like.

omg

You can increase your stake in the property by up to 5% a year, up to a maximum of a 40% ownership.

40% =/= ownership

told you it was a timeshare

BTL is anti-natal cancer. By the time you have a house, you can’t breed.

Who is jewing who here, it’s like an orgy of bullshit.

Meanwhile, high fertility imported voters get a house whenever they like, the best London mansions.

reminder: importing voters is treason

What happens at 40%, you ask?

It gets better:

Once you’ve reached that point the idea is that you’ll be in a position to get a traditional mortgage and purchase the property outright from your funding partner.

So the raw, worst deal from: the bank, a credit score, your relatives, or a mystery ‘business’ partner, producing nothing, who is also a landlord over you, and you can’t sell anything in the meantime?

This is the Asians, isn’t it? It’s got Asian IQ written all over it.

Get them, Goldberg. Get everything.

https://m.uk.investing.com/news/stock-market-news/forget-buytolet-id-rather-buy-ftse-250-shares-in-a-stocks-and-shares-isa-1962443?ampMode=1

The problems for buy-to-let investors have continued to mount over recent years. Not only have property prices failed to rise across the UK, due in part to high valuations, tax changes and mortgage availability have also meant the profitability of the segment has come under pressure….

People d-d-d-don’t want to invest in diversity?

Can we force the police and social workers to live in the cities they work in?

They love diversity, right?

Buy-to-let returns have come under pressure for many landlords in recent years, with government changes to tax a key reason.

Socialism pays – the state. It pays, the state.

Prisoners voting for guards.

As well as a 3% stamp duty surcharge on second homes, there’s less scope to offset mortgage interest payments against rental income than in the past.

Young people are saying fuck you, I’m staying home? Can they do that? Make adult choices?

The impact is that a landlord’s cash flow, after all costs have been paid, may be down on where it has been in the past.

Being a middle man scumbag makes no money, poor babies.

How many times did they vote Labour for those taxes? How many?

https://en.wikipedia.org/wiki/Clause_IV

Don’t pity the greedy, they voted for this.

https://en.wikipedia.org/wiki/Labour_Party_(UK)

“Labour is a member of the Party of European Socialists and Progressive Alliance, holds observer status in the Socialist International, and sits with the Progressive Alliance of Socialists and Democrats in the European Parliament.”

“Secondly, Henderson secured the adoption of a comprehensive statement of party policies, as drafted by Sidney Webb. Entitled “Labour and the New Social Order,” it remained the basic Labour platform until 1950. It proclaimed a socialist party whose principles included a guaranteed minimum standard of living for everyone, nationalisation of industry, and heavy taxation of large incomes and of wealth.[21] It was in 1918 that Clause IV, as drafted by Sidney Webb, was adopted into Labour’s constitution, committing the party to work towards “the common ownership of the means of production, distribution and exchange.””

“Historically, influenced by Keynesian economics, the party favoured government intervention in the economy, and the redistribution of wealth. Taxation was seen as a means to achieve a “major redistribution of wealth and income” in the October 1974 election manifesto.[150] The party also desired increased rights for workers, and a welfare state including publicly funded healthcare.

In more recent times, a limited number of Members of Parliament in the Socialist Campaign Group and the Labour Representation Committee have seen themselves as the standard bearers for the radical socialist tradition in contrast to the democratic socialist tradition represented by organisations such as Compass and the magazine Tribune.”

You voted to lose your own money.

from counter signal memes

Should interest rates rise, this could put their future return prospects under even greater pressure.

Maths, who needs that?

They’re so much smarter than whitey, they bought a new Mercedes!

Furthermore, with the FTSE 250 generating around 50% of its revenue from outside of the UK, its growth potential may be higher than a buy-to-let investment. Countries such as China and India are growing at a pace that’s as much as five or six times the UK’s growth rate.

growth without limits

like cancer

This could catalyse the index’s performance,

no, all economies stagnate at 90+% debt/GDP

due to many of its members having exposure to the emerging world.

Stick a fork. #dead

Let’s do the obvious check.

https://en.wikipedia.org/wiki/Sidney_Webb,_1st_Baron_Passfield

Clause IV guy.

Man of the people. The chosen people:

“Sidney James Webb, (13 July 1859 – 13 October 1947) was a Jewish Bolshevik, economist and co-founder of the London School of Economics. He was one of founder members of the Marxist Fabian Society in 1884 and wrote the original Clause IV of the British Labour Party.” source

Why doesn’t wikipedia mention this?

It doesn’t mention the Bolshevism either, but does link the eugenic publication.

https://digital.library.lse.ac.uk/objects/lse:dok413cup

https://in.reuters.com/article/britain-economy-houseprices/brexit-casts-shadow-over-uk-housing-market-outlook-rics-idINKCN1VW2WR

No demand eh? Maybe sell to aborted babies!

Sales volumes expectations for the next three months dropped to -23 from -4, while short-term expectations for prices declined to -24 from -13.

Britain’s housing market has slowed since June 2016’s referendum decision to leave the EU, though outright price falls have been concentrated in London and nearby areas – a pattern that persisted in August’s RICS data.

GOOD.

RICS also noted continued strong demand from tenants at the national level, combined with fewer landlords listing property to rent.

They don’t want to rent to Third World tenants they can’t legally evict.

“The pressure is for rents to continue moving higher and indeed outstripping any price gains both in the near and medium term,” Rubinsohn said.

You import leeches, you feel faint.

This is just the beginning.

Remember the neocolonialist traitors

https://www.euroresales.com/overseas-property-news/how-to-sell-uk-property-to-chinese-buyers

No complaining when our birth rates are so low you can’t retire.

One of the reasons they won’t let us leave the EU – property sales.

Why is there no cap on real estate agent fees? They sell to corrupt foreigners through illegal shell accounts that destroy grade listed properties with shitty concrete. No accountability?

Immigration: cause of the housing crises

past and to come
from http://voxday.blogspot.com/2019/04/immigration-and-demand.html
https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3177372##
19.21: immigrants as a share of population
17.71: 10-year percentage increase in housing prices

The proper term for libertarians (the modern, post-60s kind) is race traitor.

“Why don’t millennials just move out, LOL?”

Corruption in allowing foreigners with fake money to literally buy your land.
https://www.dailymail.co.uk/news/article-6904897/Eerie-footage-shows-north-Londons-Billionaires-Row-desolate-mansions.html
How to win a war without a single casualty, get a traitor to sell you the keys.

“Drained whirlpools, decaying walls and foliage creeping up the stairs can be seen on a North London street called Billionaires’ Row. Bishops Avenue in Hampstead, north London, is one of the most exclusive roads in the country, but many of its 66 mansions lie vacant. Footage taken by ‘urban explorers’ shows moss growing up the once pristine white walls of the huge rooms and swimming pools with a shallow layer of murky water. The gardens rise high and in many the decor is clearly a few decades behind.

Public health risks.

They include a selection of residences worth £73 million, reportedly bought for the Saudi royals between 1989 and 1993. In those days the homes caught be purchased for a cool million, now prices rise to around £20 million. In 2014, an estimated £350 million worth of mansions could be found on the prestigious street, the Guardian reported.

(((worth)))

If you cannot safely live in it, the value is negative.

An Iranian resident told the paper: ‘Ninety-five percent of the people who live here don’t actually live here. It is a terrible place to live really.”

-houses are not really assets, they produce nothing, they are rotting boxes, they depreciate immediately and require, clearly, a lot in maintenance costs (especially proper, old well-built mansions, whose roof caves in if you don’t.
The most “valuable” street in the country, in decay because Muslims own it and the native population isn’t allowed a look in. Hang the estate agents, they’re traitors to this nation.
Look what the Muslims did to the fertile, rich, black soil of Egypt – they do it with everything else too.
We have fiat houses – abandoned and worthless unless you pour money into repair, valued obscenely.
Non-whites are playing shell games with our very homeland, while young people cannot afford to move out, to marry and breed. That is a form of genocide, preventing births in the native population.

But at the least the anti-white Boomers get to flatter themselves on their “brilliant” investment in a white box, which the bank assures them really IS worth all that money (so please keep getting into debt) and they can totally use as a pension… because that’s how finances work. You can have your cake and eat it.

[Seriously, most Boomer homeowners bought it as a pension, ask them, that’s why they voted for immigration.]

It is not a question of if this bubble pops, but when. Boomers are already starting to die (alcoholism, drugs and STDs will tend to shorten one’s lifespan), meaning we have a 20y max window, tick tock. Buy to letters are a cancer.

If Hitler or Stalin knew they could simply ‘buy’ England from the (banks) with imaginary money, they would’ve saved themselves a lot of scrap metal.

I’ve already posted the known fact (even covered by the BBC) that UK property is only afloat by dodgy foreign shell companies, either not maintained or gutted to be postmodern shells, contrary to skyline and grade listing law.

Traitors, the lot. They even hire foreign builders that violate safety requirements.

Let them all ‘lose’ the imaginary fantasy bank/real estate collusion ‘valuations’.

LET THEM FAIL. Permanent renters needing to, to live are called serfs, this is an illegal situation of war between generations, propped up with the artificial ‘demand’ of banana boats and the legal strings of fraudulent collusion.

Tell me: where does a house magically gain value?

How does the rotting box produce value for itself?

We have a Communist housing market, here.

For those who don’t know, huge families off the boat are allowed to live in London (instead of the people working there and paying taxes, who must commute) because the housing people charge the maximum by an order of magnitude (eye watering sums) to the Gov for using the property.

Implement rent controls – for council run property ONLY.

[The whites would never pay those prices, it’s fraud.]

Also, end the fraud of dual citizenship. You’re loyal to one military and one military only. No open borders hopping.

Post-war population recovery genes

Men are literally replaceable and that makes them better as a sex.

Exhibit A in the scientific “Men ain’t shit” series.

https://www.sciencedaily.com/releases/2008/12/081211121835.htm

In many of the countries that fought in the World Wars, there was a sudden increase in the number of boys born afterwards. The year after World War I ended, an extra two boys were born for every 100 girls in the UK, compared to the year before the war started. The gene, which Mr Gellatly has described in his research, could explain why this happened.

As the odds were in favour of men with more sons seeing a son return from the war, those sons were more likely to father boys themselves because they inherited that tendency from their fathers. In contrast, men with more daughters may have lost their only sons in the war and those sons would have been more likely to father girls. This would explain why the men that survived the war were more likely to have male children, which resulted in the boy-baby boom.

In most countries, for as long as records have been kept, more boys than girls have been born. In the UK and US, for example, there are currently about 105 males born for every 100 females.

It is well-documented that more males die in childhood and before they are old enough to have children.

That is prior to competition, crime, psychiatric issues including self-loathing and desire to never reproduce, as well as the sexual selection of women for a suitable man.

Externalities like the economy, racial wars, anti-natal culture notwithstanding.

The female genome is more stable, two Xs will do that. It contains more data too, the Y is smaller.

Women must be more stable biologically as the (genetic) carrier sex, another reason against female drafting. If some men die, they clearly recover (and as proven here, come back better) but when a race loses its women, it goes extinct.

So in the same way that the gene may cause more boys to be born after wars, it may also cause more boys to be born each year.

The fitter male lines are self-replacing.  This is why all adult men should have been drafted. The reward of winning a war should be reproducing into your society’s future, to reward the cowards who remained behind is an insult to the brave K-types of the sex.

This is the red-pill. Men evolved to be expendable to one another in the protection of their shared racial germline.

Cowards know they’re cannon fodder. They betray their fellow man (intra-racial Brotherhood is the only acceptable collectivism). It reminds me of the Little Red Hen, and what man would want a coward in their ranks, that’s treason waiting to happen?

Or as we call them, cucks.

Behold, the back-up genetic programme: the self-culling cannon fodder.
Remarkable that genetic dead-ends appreciate the importance of marriage enough to insult all married couples as inferior (rationalization).

Also, demographic decline virtue signalling (- you can’t out-breed Asia, war is inevitable).

Asia*: highest population density, territorial expansive, fastest growing religion (Islam).

Inevitable.

Trump could shit gold and it’s still inevitable.

Why?

More than r-selection, perhaps a feature of it.

If you’re stupid like Asians and murder your girls (glaring at India and China) then you cull the female-preferred genes among men, slowly killing your racial future because there won’t be enough carrier women to go around and the ‘problem’ will only get worse. There is no culling effect equivalent to war in women except socialist policy.

There’s your ‘war against women’. Affirmative Action for unfit male genes collapses both their group and the fit men of their race who were weak enough to allow it to happen. If every man is entitled to 1 waifu thanks to socialist compulsion (and all men, all women forced to marry by law**) but five infant boys survive due to medical technology…. 100-105=-5

Socialism’s birth policies are as dysgenic as their economics that punish effort.
This is why men shouldn’t decide who gets to breed with laws, women evolved for that task.

Socialism cannot replace sexual selection. What the internet considers it is not, reproduction is required.

A war will be mandatory if the leftover men have any hope of reproduction, by conquest and rape  …..and ‘immigration’. The neocolonialism as BPS explained, of buying up properties in another homeland (r-migration for resources).

*As previously covered, most money to purchase is loaned by the Chinese Communist government. They are the true buyers overseas. Ban foreigners from literally buying your country. It’s a matter of national security. That includes the Putin-banished Russians’ blood money in London keeping the gasping death rattle of a real estate bubble alive. I’d extend this to the compulsory purchase of properties made by shell corps overseas, with unexplained funds (anti-corruption law) or belonging to dual passport holders who refuse to drop the other one (loyalty to another nation).

The concrete used in protected property basements is doomed to collapse. Like the postmodern glass monstrosities, they all crumble eventually, that’s why huge basements aren’t built in English soil. Rainy, flood-prone soil. Next to the biggest river incoming to the landmass.

And we get frequent earthquakes, of the sort that causes cracks in… concrete.

It’s a capital city so traffic causes tremors too – including planes.

Every heinous skyscraper you ever see will be self-destructing. Rich tower or council estate.

https://www.cement.org/docs/default-source/fc_concrete_technology/durability/is536-types-and-causes-of-concrete-deterioration.pdf

I’m literally the first person to look this up. Engineers study ENTROPY.

This error is old as Babel. We don’t need to lift a finger, ugly postmodern structures are already crumbling.

They’ll go the way of wooden castles.

Shad viewers? Anyone?

If only the Nazis had simply purchased American land, we’d be speaking German.

They’re still going to shoot you by the way. They need to outnumber you, fill University places then government positions first. If they have the land, all that’s needed are executions.

**Reducing citizens to breeding sows for the government, thanks, socialism!

Socialism is hence r-select and among other issues, assumes all men can be provider husbands, all women are fertile and all citizens are heterosexual. Socialism is doomed to fail by virtue of mathematics and basic biology.

Why is the UK property market fake?

https://cyberlibris.typepad.com/blog/files/Goodharts_Law.pdf

No more corset controls on the banks since 1979/80. Goodhart pre-empted it.

Now they loan to things that don’t boost GDP including mortgages.

It’s included in debt to GDP though.

Boosted in addition to the retarded notion of a crumbling hovel being a “retirement” fund.

Funds and other assets don’t depreciate.

Don’t bail out bad property investors, they’re idiots.

You wanted the reward, the risk is also ALL yours.

The ‘competition and credit control’ reforms, which removed direct controls on bank
lending, had been introduced in September 1971 and a dramatic surge in bank
intermediation, leading to broad money growth rates in excess of 25%, had resulted in
1972 and 1973. The conclusion drawn by policy makers in 1973 was that the only
option was to supplement monetary targets with direct controls on banks through
Supplementary Special Deposits known as ‘the Corset’ (See Zawadzki, 1981).
Modest interest rate changes seemed powerless in the face of this monetary expansion
and the previously stable money demand function seemed to have broken down. This
was clear well before 1975, but Goodhart (1975b) was a summary of the current
problems of monetary management, as the title suggests.

So Labour want rent controls but not bank controls.

I wonder (((why))).

Goodhart’s Law is the statement missing from the square brackets in the quotation
above. It says: “Ignoring Goodhart’s law, that any observed statistical regularity
will tend to collapse once pressure is placed upon it for control purposes”.

“Houses as Collateral”
https://www.newyorkfed.org/medialibrary/media/research/epr/02v08n1/0205aoki.pdf
“First were the removal of exchange controls in 1979 and the direct control of bank lending (“the corset”) in 1980″

http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.600.6032&rep=rep1&type=pdf
“The abolition of exchange controls in 1979 and the abolition of the last of the quantitative controls on bank lending heralded a period of rapid deregulation and increased competition in British banking during the 1980s”

They weren’t more productive in the 80s, they stole from the future (you).

Isn’t property tax, rent?

https://www.zerohedge.com/news/2018-07-15/resource-nationalism-its-coming

It does pay to make a list of all the things you fear could happen in the next ten years and check each year if any happened so you know you didn’t imagine it.

comment
“..its simple. The Rothschilds own all the resources, through their shell corporations.
It’s long past time to ARREST THE ROTHSCHILDS AND SEIZE ALL THEIR STOLEN ASSETS.”
That’ll happen anyway.

Bring on the thorium before it’s too late.

Property tax must be stopped, we can solicit all the utilities privately.
And to tax the childless for other people’s children is a theft of child support, it’s a fraud.
Communism relies on property tax because it implies the State will always be the true owner of property.
Isn’t it rent to politicians? They shouldn’t be able to confiscate something they don’t own.
http://www.libertyzone.com/Communist-Manifesto-Planks.html
It used to be that anyone can open a bank, can’t do that now either.
State schooling also keeps kids out of the workforce from competing with the low IQ. The tax burden on the parents is heavier so nannies take over and they too are taxed. The child learns you don’t have to work to be looked after, by the State. Affection for teachers overtake filial loyalty.
Every Empire is destroyed by pensions, all nations are growing them like a tumour on the young.
Given all these facts, the Government should pay you to take on property (where you become responsible for maintenance and choose to take on the impossible tax burden).

You don’t truly “own” it and it is an imposition on human rights to charge someone to live, since we all must live somewhere and stamp duty should be the one tax on that land, bundled.

To see who will sink straight to the bottom, look at mortgage fraud again.
https://www.scmp.com/news/china/economy/article/2112873/chinas-household-debts-soars-it-being-stalked-subprime-spectre
What happens when you let communists pretend to be successful.

“Thanks to the easy credit that has spurred the housing boom, many young Chinese have abandoned the frugal traditions of earlier generations and now lead a lifestyle beyond their financial means.
The build-up of household and other debt in China has also sparked widespread concern about the health of the world’s second largest economy.”

“Government policies are also protecting the interests of homeowners. City governments have squeezed land supply to keep land prices high

Communists

and made secondary market trading less attractive, with new home buyers left to compete for a few new developments. Meanwhile, there is no property tax, which encourages homeowners to hold on to appreciating property assets.

Sure, that won’t change. If you see free food in the forest, what trap?

Pension fraud, mortgage fraud, energy dependence, food security issues.

“But the figure could be misleading because it failed to reflect regional differences and it under-reported many hidden family debts in China,

not an honour culture, a liar culture
Who cares if you’re deceitful, as long as nobody knows?

a recent report by the Institute for Advanced Research at Shanghai University of Finance and Economics said.”

Just in case you think the old people can afford to bail out the kids when they need to eat.

“China’s first home buyers are, on average, younger than those elsewhere in the world, with most of those in Shenzhen in their 20s and 30s.”

They can’t tax the young to save their economy. The money is already gone.

Should you feel sorry for frauds?

Mai has lent 600,000 of the 800,000 yuan he got from a bank after using his first flat as collateral to a money shark promising an annualised return of 20 per cent. Wang gave the bank fake documents showing her monthly income was 18,000 yuan – about 1.6 times her actual salary. It did not ask any questions.
Neither see any problem, because the value of their underlying assets, the flats, have risen.
The value of Mai’s two flats rose from 3.8 million yuan last year to 6.4 million yuan last month, while the value of Wang’s unit is now 2.93 million yuan, up from 2.6 million yuan.
“I think I made a smart and successful decision to leverage debt,” Mai said.”


Nah.

Let ’em burn.

Why is UK property price rising?

Rich foreigners.

old article but true

http://www.bbc.co.uk/news/business-35757265

As I’ve said before, boy will they get a shock when our government just fails to acknowledge their property rights (as non-citizens).

https://disenchantedscholar.wordpress.com/2017/11/25/whats-going-on-in-greece/

“You think the Greeks are going to get off their arses for you, when they won’t do it for their grandkids?

The West and EU is pumping them full of worthless money.
It’s hilarious, they think we’re actually trading with them.
We can just confiscate back national resources for national security.

We do it already to our own citizens, you aren’t fucking special.
https://www.gov.uk/government/publications/your-property-and-compulsory-purchase
Slavery is also illegal, you can start a war with our superior military if you want, bitches!
http://www.legislation.gov.uk/ukpga/2015/30/pdfs/ukpga_20150030_en.pdf

Three-quarters of properties being purchased are purchased in secret, that’s wrong – it ought to be completely transparent,” says group member, Labour peer Jeff Rooker.

Agreed.

A house isn’t an investment, it doesn’t change. It actually depreciates.

Population does change.

They’re gambling.

This will make ownership through UK companies more transparent, but won’t affect overseas companies investing in London.

It should be the other way around.

Not to mention the crooked politicians allowing purchases and planning permission, flouting skyline rules and many others.

https://www.thedailybeast.com/the-curse-of-666-fifth-avenue-the-skyscraper-that-could-sink-the-kushners

Look at the Skyscraper Index too. China is fucked.

A lot of those skyscrapers and flats will simply be torn down. They were illegally built.

“A palace second in size only to Buckingham Palace, it was sold for £50m to an offshore company registered in the British Virgin Islands,” says our guide, and tells us it will soon become home to a Russian oligarch.

No it won’t, it’s easy to kick out false kings from their little ill-gotten palaces.

I hear the noise of diggers and machinery building a spa and a private underground car park. A neighbour walking the dog nearby mutters how disruptive this has been and how the trees have been cut down.

That’s why you don’t let foreigners literally buy your country.

The government and politicians and sellers are traitors, they are literally selling their country out.

Russians aren’t even really white, FFS. New Money will end up dirt poor as they deserve. Don’t let them ruin our few good buildings in the mean time.

But this kind of disruption could soon be curtailed if increasing clarity on ownership puts off future buyers.

the love of money is the root of all evil

Eternal growth is an economist’s myth.

You know the only thing that grows eternally? Cancer.

The US, another attractive location for anonymous property purchases, has tightened regulations recently. The US Treasury department announced two months ago that it would start identifying the anonymous buyers of luxury properties, particularly in New York and Miami.

start?

This measure follows the introduction of a strict new anti-money laundering regulations, which have led to the US authorities to impose hefty fines on major banks.

no let them fail

The pressure to shut down avenues of money laundering and tax evasion could also mean property purchases here soon come under tougher scrutiny.

could?

And then our tour guides will be able to pack up and go home.

Russian writer …no conflict of interest.

https://blogs.spectator.co.uk/2016/02/move-over-royal-family-londons-oligarchs-are-the-new-tourist-attraction/

Yes, let all the white-collar criminals live here too. Fantastic.

Russian oligarchs suspected of corruption in UK must account for wealth and property

That should be done before purchase as part of a background check.

Let it crash, please God just let them all hit their real level.