to feel seething resentment towards those who profited from the house price bubble and hot anger at the Governments who allowed it to happen?

[TartyMcFarty]

You'll have to forgive my naivety here - I'm ranting about something I don't really understand.

DH and I are stuck. In 2006 we bought a (modest) property on a 100% mortgage. Foolish in hindsight, I know, but based on the advice of our IFA, the unshakeable faith of our families and society that property ownership was the way to go, and the increasing pressure at the time to get on the ladder or miss out, that was the decision we made. We then found that the lender, bastard bastard Northern Rock were unwilling to remortgage based on our lack of equity, despite us having overpaid by several thousand pounds. We couldn't shift the place, and with the agreement of a different IFA, remortgaged against the equity in my DM's property (love her!). It gets more complicated than that, but that's all that's needed here. Now we still can't sell it , our tax credits have suddenly disappeared, my pension contribution has increased (DH doesn't even have a pension) and the tracker rate is slowly increasing. We're on interest only, and as I'm part time since the having DD, with another DC on the way, there's not much of a cushion.

What's really angered me over the last couple of days is the dawning realisation of how people just a few years older than us have profited from the massive increase in property 'values'. I'm still in touch with our ex-neighbour. She bought seven years earlier than us, sold at £120k profit after 10 years (this is not London!), her partner was in a similar situation so they have ended up comfortably in a property of twice the size, renovated to a really lovely standard. Obviously my resentment isn't directed at them personally - they're good people, have profited from a stupid market and good luck to them - but it's just an illustration.

How can we possibly hope to survive in a property market that boomed by more than 3.5x in this instance alone? We can't even afford to maintain our own home to a good standard. Pay isn't moving at all, and we're currently looking at less than .75 of a pension between us. I can't even bear to think about how we'll support our DCs through HE, and the risk to my DM's home if interest rates shoot up.

I just need a rant. Those of us stupid enough to be sucked in at high LTV rates towards the peak of the market are fucked all ways, whereas people just 5 years older than us are untouchable. I know I've only given one example for which I know the exact figures, but there are others I can think of in the same lucky situation. There just doesn't seem to be any point in trying when you compare our situation with those who profited so enormously in the 00s.

It does seem as though the tide is turning to some extent, but I'm not convinced that things will be in place to protect most people when the shit hits the fan...which is a shame, because I think we have huge potential for community projects and local food production that could make a lot of difference to a lot of people in the future.

The money that the Boomers have will be "relieved" from them by our children when they live longer but need healthcare.

It's already started in the USA but we need to keep a very close eye on our children's health and make sure they don't eat themselves to death before they are in a position to reclaim their wealth.

I think this time is different because now we have the internet, global communication in an instant. I wouldnt have a clue what was really going on in the world if it wasnt for the internet because the news channels are not telling the real news. The troikas HQ in greece was bombed last week and up to 3 days later it still hadnt hit bbc news and ive not bothered looking since to see if it has.

I got that news story from a blog called The Slog, its in the euroblown crisis section, the author has got a lot of things right in the past as he has got insiders in the banks and governments of the eurozone, well worth a read to see how close we are to a credit event.

Quite a lot on the bbc about all our communications being monitored though, we just "officialy" lost our last bit of liberty. The cameras are in place, your communications are monitored, the water cannons have been ordered and the private police forces are being set up as we speak.

Looks like you know what is coming regarding the food thing, most people are probably thinking thank god we dont live in the eurozone, doesnt really matter if we dont live in the eurozone because most of our food comes from there so when the reset comes we wont be getting fed for a long time.

As i see it there is nobody here to look after the best interests of the population, the government will run and hide once it all kicks off and the truth comes out. People are going to have to learn to fend for themselves, as they say....Live together Die alone.

We're getting there with food, have some livestock and a huge backup store, but you are absolutely right with your 'live together die alone' comment. without the existence of some sort of community food production and solidarity we are all shafted. Actually I feel the potential is there for everyone's lives to be an awful lot richer in this less independent future, if we can ready ourselves somewhat.

We check a lot of blogs and the Russiam Channel RT (which you have on free view if you have a tv) reports a lot that is missed out by uk news (though it is of course subject to propaganda).

Yes i check RT as well, zerohedge is another one that mostly discusses the state of the USA economy, the comments on those articles give an insight into how some people are feeling in america.

The police state in the USA is getting out of control now, people are being shot dead for the slightest bit of resistance of arrest.

Lots of the american population had a wake up call when obama stood before the people and said he would not sign the NDAA act, then the people went out for a pint on new years eve and obama thought seeing as nobodys looking ill go ahead and sign it, ill cover my arse with my signing statement and say i wont ever enforce the NDAA act, yeah right.

Combine the patriot act with the NDAA act and you can be removed from society for the rest of your life and recieve no trial, only for acts of terrorism though...........but seeing as resisting arrest and a whole host of other minor crimes is now classed as an act of terrorism its pretty obvious what they are preparing for.

Things started to fall apart for the controllers of the system once they engineered the 9/11 tragedy, they made too many mistakes that they now cant hide.

The war on terror, the war that can never end.....and that is why it was created.

My favourite excuse of the official 9/11 report is the one that explains how a passenger jet fitted into that little hole in the side of the pentagon, apparently the windows either side of the hole didnt smash because once the body of the plane went through the exterior wall, the wings then hit the wall but somehow instantly folded in and also went through the little hole.

There is tons of evidence to support the theory that 9/11 was an inside job and most people havent even seen it.

They need people to live in fear so they accept every aspect of their lives being monitored.

Seething resentment? Hot anger. Get over it.

You mention you are bad debtors, probably why you couldn't get competitive mortgage rates. Whose fault is that. Some personal responsibility would be good.

By the way you should have tried buying a house in 1990 when interest was 15.9% - I did, and struggled to do so with three jobs and a lodger. And also made lots of on money on it 15 years later. Maybe your time will come, if you are not seething of course.

I think YABU to resent people who bought a a few years previous to you. No one can predict the market. They predicted well. Jealousy and resentment won't get you anywhere. I do think you ABR to feel frustrated by your own situation, However I think like some others have said you are not in a bad position either. Count your blessings. Focus on what you have got not what you haven't . Yes i am being direct but I think it's no good comparing yourself to other people it never gets you anywhere.

Wow - this thread has everything! House prices, tax credits, tuition fees, lots of people who lived on 2 baked beans a week for the whole of their twenties and now some 9/11 conspiracy theories!

Such fun!!!

My own view - for what it is worth - is that all you can do is play the hand you are given. Sometimes you get great cards. Sometimes you get really bad ones. But they are the ones you have so best get on with it.

I'm loving the survivalist nutter circle jerk that this thread's descended into :)

For those that think their children will never be able to buy a house, they are wrong. Maybe they won't be able to buy in the southeast any time soon. But house prices won't stay high forever. They are going to come down.

It is difficult for people who bought at the wrong time. Having money is all about buying and selling well, particuarly the timing of it. Nobody tells you this.

There is no point in getting angry about it now. Life is unfair and there are bigger injustices than the housing market.

Haven't read the whole thread but just wanted to say YANBU to feel the way you do but it is pointless and you will gain nothing by feeling so negative.

Its just a matter of luck and I think most people would make decisions to make more money if they had the means and knew they could, I know I certainly would've had I been able to predict how the markets would change.

I don't think I'll ever be able to improve my position but theres no point in being bitter and there are people worse off.

The big problem is all the smug people got it horribly wrong and then the goverment bailed them out with low rates and the saver lose's out again. On top of this, the currency is trashed to save these clever people and fuel goes to £1.50 a litre and they have no idea, not my fault guv. Twats the lot of them :)

Elenor rigby.

Im just doing my bit i suppose, once you look at all the evidence regarding who is pulling the strings in this country it becomes very hard to keep your mouth shut. i find it absolutely mindblowing that some people are still calling 9/11 a conspiracy theory, once you actually sit down and look at ALL the evidence it is blatantly just a conspiracy, not a theory.

Lots of people do not even know that one of the terrorists was initially identified because his passport somehow got thrown from the initial blast and landed a few blocks away from the twin towers. Really ? thousands of litres of jetfuel and a passport survives ?

Lots of people have not seen the video of the doomsday plane flying around in the background of the twin towers, seems a bit of a coincedence that the doomsday plane should be in the area at the exact time a "terrorist" attack occured. Do people even know what the doomsday plane is?

No building in history has ever collapsed from being on fire yet 3 collapse on the same day, they also collapse at freefall speed, how can a building collapse at freefall speed? well its pretty simple if its a controlled demolition, the initial detonation that takes out the central columns is also caught on camera, yes a massive explosion that is followed by a series of smaller explosions that start just before the towers collapse.

The twin towers broke all the laws of physics.

Why did they fall straight down, why didnt they fall to one side, why didnt the top just break away from the main building. Demolition experts spend months wiring a building just to get it to fall down and collapse in on itself yet 3 buildings did that in one day with no help from anybody ?. its surprising how many people dont even know that a 3rd building collapsed, tower 7 wasnt even hit by a plane but collapsed all the same.

Have people seen the 30 ton steel beam that is sticking out of another skyscraper a fair distance away from the twin towers? a 30 ton steel beam fired out the side of one of the towers and embedded itself into another building, how does fire send a massive steel beam hurtling through the sky ?

Jet fuel does not burn hot enough to melt steel.

Have people seen the base of the column that is sliced off at a 45 degree angle and is dripping molten steel.

Check what happened to american airlines stocks just before 9/11.

Do people know that a new insurance policy was taken out on the twin towers just before they collapsed, it cost a lot more than the last time they insured it because they valued it more this time, a lot more.

The vast majority of the population still think that 9/11 is a conspiracy theory, they think this because they havent actually looked at ALL the evidence.

Loose change 9/11 an american coup
9/11 mysteries demolitions
improbable collapse
In plane sight
Zero, investigation into 9/11
september clues

These are just a few videos which present the evidence.

I wonder how many people will take the time to watch them.

Once you look behind the curtain there is no going back.

Think of your government as actors.

The rothschild family own the governments and banks, this is blatantly obvious.

Money as Debt and Money Masters are just 2 videos on youtube that people should watch, then they will realise that they are living in a con, the longest con in history. That is actually how money works, the federal reserve is just a business, a business who deal in perpetual debt as the debt can never be repaid, it is mathematically impossible. That is why they use the FRB system.

Guess which president tried to get rid of Fractional Reserve Banking ? look what happened to him.

We are getting very close to needing another false flag attack to hide what is happening in the economies.

Maybe some people will start to wonder what is actually going on in the world when they walk into a chemists and ask for some multi-vitamins, only to be told that you now need a prescription for them, what! a script for vitamins ?. already happened in germany and is being implemented in the USA soon. £7.65 for some multi vits, ill just buy em off the shelf thanks, they are not on the shelf anymore as they are a controlled medicine.

People need to wake up and fast.

People are living in historic times right now and dont even know it.

This year will go down in history.

It will start with an economy collapsing.

Hmm I saw video the other day that 'proved' jfk was shot by his driver. Doesn't mean I believe it. Confused as to why the thread has taken this route.

I genuinely don't know what's going to happen to house prices as I've got it spectacularly wrong in the past BUT

In the long term, I can't see how it's going to work. As a nation, homeownership is important and politically, a generation of long term renters is undesirable.

People who are 21 now are screwed. They are saddled with massive student debt (teaching them, from the outset that large debt is unavoidable/desirable), their parents who may have helped them out in the past have had equity lost in their house, pensions far less secure and much more expensive and potential to pay for care homes in their old age.

These young people will have little chance to save for a deposit and unlikely to afford higher and higher rents, plus be saddled with providing for their own pension, paying ever ballooning pension bill for older generations etc etc.

Something has to give. To be honest, from a cynical political point of view, a massive house price correction now would benefit on the long run. Yes, lots of people would be screwed and that would be hideous. But far far more people younger than us would reap the benefits for generations.

I'm not willing it to happen, or think it's likely but, from a dispassionate point of view, it would be the best option.

All this bollocks about governments helping people with deposits and part ownership schemes etc aren't helping, they are just helping the banks by propping up a market that allows them to charge 10 times the base rate for a massively inflated house price.

The vid that proves JFK was shot by his driver doesnt actually prove that his driver shot him though does it.

JFK Was about to stop fractional reserve banking and pull the troops out of vietnam, if he had done this then the banking families would have been finished overnight.

The banking families control the government and the government did as it was told.

Have you looked at what lots of US presidents have said about the banking families throughout history.

Except the recent ones of course.

Red shield - you sound tense. Would hot chocolate help

(strokes head)

Actually, this was quite a well balanced thread until red shield donned his sandwich board.

Could you go visit someone else now do we can all get back to the topic in hand.

WHOKNEWTHAT.

It was always going to end this way.

One man went out to work so he could feed and house his wife and 7 children.

One man went out to work so he could feed and house his wife and 3 children

Then the mans wife had to get a part time job to help feed and house the children.

Then the mans wife had to get a full time job to feed and house the children.

Then people stop having children because they can no longer afford to pay their basic bills never mind start a family.

The government do not want an overpopulated country as this will require more land to be released to house the people, the landowners of this country will never agree to this.

DEBT SLAVES is what they want the people to be.

Watch george carlins american dream on youtube and it will explain everything to you in 4 minutes. It works EXACTLY the same way in britain.

Tell me what he says is a load of rubbish.

Im not tense.

Im relieved i know what is coming.