NeoLiberalism - Flat Taxes - FreeMarkets
Individual Freedom

Wednesday, 1 June 2011

The housing market 'con'

We are just not being given balanced views, and R4 was no exception this morning when they had the piece on Mortgages and the housing market.

We all know the political establishment, yes all the major parties, are conniving and scheming with their friends the bankers!

They know that by manipulating interest rates they are protecting their own political skins and enabling the bankers to make large profits and hide their bad loans to the housing market from 2000 to 2008.

Meanwhile they are denying young people and others wishing to get onto the housing market any opportunity to do so.

The housing market is after 3 years of manipulation virtually stagnant and prices remain completely out of kilter with the real market, they would probably drop as much as 30% to 40% if  interest rates were not being controlled by our political masters.

In other words the politicians are not serving the interests of the electorate but protecting their own skins, the bankers and yes of course those that borrowed to much and would not be able to afford real interest rates.

We are crazy to put up with this nonsense when they are imposing 'austerity'whilst our borrowing continues to increase, we need to stop these self serving politicians manipulating our interest rates and our lives!

1 comment:

  1. the private banks artifical increase in the cost of living , in particular housing through loan distribution

    p.s good talking to you