$

Thank uck for that.

DilburtI hadnt quite gone!

Oh I think you've been gone a while!

"We laugh at sheep because they just follow the one in front, ahhhh, stupid sheep! We humans have outsheeped the sheep. Because at least sheep need sheepdogs to keep them in line... humans keep each other in line."

Keep practicing my little butterfly.it will come

I think you are missing the point, the only reason immigration was allowed to go unchecked was that all these people needed somewhere to live, and this helped support the buy to let market.

The government knew it was all going to collapse, but allowing more and more immigrants in, illegal or not, allowed them to prolong the bubble a little longer.

When things turn bad, these migrant job seekers move to other countries, and so the lower support level for house prices falls.

It was all well known, but prolonging the good times was the desire, but the end game had to happen at some stage.

You are dealing with the impossible situation, in order to keep wages low you need cheap labour. Cheap labour does not come if they are paying through the nose for tax and mortgages. Therefore you have to import it, to stay competitive, and support the ridiculous house prices. Problem is, this means less and less jobs for the people paying mortgages. This means pressure is there to utilize more and more debt. The only way to support the system is to get massively in debt, and also get as many immigrants in as possible and keep house prices rising so people can borrow more.

It was all like a pyramid scheme, it had to collapse, and now it has.

The trouble is, it needs to collapse fully, but they are simply trying to collapse it a little, and then build it back up again, so its someone else's problem in the not too distant future.

This should be the concern today, its a major accident wanting to happen, and its not being allowed. So it will remain an accident waiting to happen, and that is what will kill sentiment, as everyone knows its going to happen. So what is the point of stopping it happening ? Only political, which is pathetic, but a sad fact of life.

i'm happy in the back of my van..no bills to pay,park where i like with countryside/sea view...fuck the zionist system and tax man can go and screw masonic ass!

Seen the price of petrol maestro ???

cut out the zionist garbage, not least because you haven't a clue what you are talking about .... rather as i am afraid with your share "tips"

It will soon be Winter , would not like to be living in a van when we get those frosty mornings and the snow starts to fall. Merry Christmas.

PP .... you are talking total rubbish too!

cynic, I went to cash in January as well stated on all BB's. I predicted a complete crash was coming.

Talking rubbish ?.................One could say for 6 months many people have been talking rubbish, I'll excuse myself from that list.

PapalPower, surely the issue with immigration was that being unchecked we have a unknown criminal elements?. If people are unchecked they can adopt new identities and escape the law by changing again. These immigrants should have been given a "time-permit" so we could check on their progress at least for the next 5-years.
My impression ( but could be wrong) is that it went unchecked like there was a free-for-all. Quite a contrast to the long (airport) queues checking holidaymakers for nail-files, eh? No, I don't get the contrast...?
Any benefits to our housing-stock is unlikely to be the real reason, since many don't speak english. Sure the "Polish bricklayers" were welcome, bringing a strong work-ethic but we also permitted fruit-pickers who were sometimes "Traded" along with their women. No it really was/is a complete mess IMHO. - - - about the same mind-set that allowed NRK to lend-long and borrow short-time.
-Couldn't everyone see the slight flaw, if given the opportunity to say?

BTW good-call going to Cash - wish I'd had the gumption then, too.

this is the start of your total garbage assertion, from which you then continued to build - or dig is perhaps more apposite ..... the only reason immigration was allowed to go unchecked was that all these people needed somewhere to live, and this helped support the buy to let market. The government knew it was all going to collapse, but allowing more and more immigrants in, illegal or not, allowed them to prolong the bubble a little longer.

wether or not you went 100% liquid (don't entirely believe you - e.g. LEAD etc) in january has no relevance to the above

cynic, buy to let was the "last great hope" to get more on to the property ladder, so those who could not afford to pay a whopping mortgage on joint salaries, could justify if by adding in rental income too.

Salary + Salary + Rental Income = Just enough for a whopping great mortgage.

It was kind of like the other rubbish of "joint equity" or buying "80% of a house".

All there to pump the bubble.

Buy to Let needs people "renting"..........and what better way than allow immigration to be boosted up and up, more migrant workers equals more "renting" demand.

most "buy to let" peeps did it without thinking properly and in the (foolish as it happens) expectation that house prices would rise inexorably ..... certain sectors had merit - e.g. student housing, and certainly those who did not gear too highly, prospered and will continue to do so ... as for linking that to "willful" slackening of immigration rules etc, i have never heard such poppycock in all my life, other than from one or two others on this board!

I think we have to remember on the banning thing, someone (or several folk)must've complained enough for action to be taken. Assuming it was those who were offended directly, all should accept offence was caused.

Why was going to cash in January a good call. If it had really been a good call you would have been shorting the ass off of the ftse, banks etc. One day you guys will learn, shares are not only for buying, you can make more by shorting than investing.

And dont give me the bullshit about shorters getting the financial markets in the mess they are in.

It's the Ducking Stool for you, Jeffie, after a comment like that. Then, if you're still alive, you'll be burnt at the stake. Then, if you're still alive, you'll be forced to watch Tottenham play for 90 minutes. That should certainly finish you off!

Jeff the ftse was a certainty at 5600 thank you very much!chickened out at 4560! Bugger! Now theres a surprise!