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Though out the 70's,80's,90's If you were a pennyless pick whom had NEVER sort paid employment (other than crime related).........you lived on what was called a "Sink estate". Either a crummbling tower block or run down housing estate. Full of like minded drug,crim-o sh1ts.......
If you were lucky enough to live some where else while receiving state hand out cash then you F*CKING well kept you head down in case you got shipped off to said "Free fire zones". I was great, brill in fact.....the Tory goverment of the early 80's being cash strapped had the good sense to sell off the nicer houses & the scum of the estate all got shipped off elsewhere.
Then, sadly the Labour goverment of Tony WMD Blair came in........Goverments "LOVE" to spend money & Labour ran round like a drunken teenager with Mum's & Dad's credit card. One of the things they did was "Buy to Let".....a ponzi scam designed to pump the housing market like Never before.
It worked, now we have MEGA over priced home prices....in other nations the bubble has been allowed to pop, but not here in Blighty. No, every possable bulsh1t move is in place to try to get the credit machine running again.
I sense that in resent weeks the mood in goverment/Bank of England has changed. "They" now know the ponzi scam IS coming to an end & they can't run at ZERO rates forever. There is going to be a BLOODBATH in the UK housing market (i hope). They margin call the Buy to let landlords & this sh1t will end.......
Mike
Though out the 70's,80's,90's If you were a pennyless pick whom had NEVER sort paid employment (other than crime related).........you lived on what was called a "Sink estate". Either a crummbling tower block or run down housing estate. Full of like minded drug,crim-o sh1ts.......
If you were lucky enough to live some where else while receiving state hand out cash then you F*CKING well kept you head down in case you got shipped off to said "Free fire zones". I was great, brill in fact.....the Tory goverment of the early 80's being cash strapped had the good sense to sell off the nicer houses & the scum of the estate all got shipped off elsewhere.
Then, sadly the Labour goverment of Tony WMD Blair came in........Goverments "LOVE" to spend money & Labour ran round like a drunken teenager with Mum's & Dad's credit card. One of the things they did was "Buy to Let".....a ponzi scam designed to pump the housing market like Never before.
It worked, now we have MEGA over priced home prices....in other nations the bubble has been allowed to pop, but not here in Blighty. No, every possable bulsh1t move is in place to try to get the credit machine running again.
I sense that in resent weeks the mood in goverment/Bank of England has changed. "They" now know the ponzi scam IS coming to an end & they can't run at ZERO rates forever. There is going to be a BLOODBATH in the UK housing market (i hope). They margin call the Buy to let landlords & this sh1t will end.......
Mike
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