Dimwitted Housing Policy and the destruction of Britain

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Money, Markets & More with Dominic Frisby

Money, Markets & More with Dominic Frisby

4 ай бұрын

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Пікірлер: 393
@lordsummerisle852
@lordsummerisle852 4 ай бұрын
The system isn't broken. It is functioning exactly how it was always supposed to. It works really well. Just not for us
@stevenfarrall3942
@stevenfarrall3942 4 ай бұрын
WE live in an age of total government and bureaucratic failure.
@raypurchase801
@raypurchase801 4 ай бұрын
Let's import a net gain of more than half a million Africans and Asians every year in perpetuity. WHAT. COULD. POSSIBLY. GO. WRONG ???
@AirSandFire
@AirSandFire 4 ай бұрын
The term "Asians" you English sounds weird to us outside of UK... cause what you mean is really Middle-Easterners, not Japanese or Koreans, but when we say "Asians" we usually think of them
@ReggieChump
@ReggieChump 4 ай бұрын
"cultural enrichment"
@evilcraftknife5705
@evilcraftknife5705 4 ай бұрын
@@AirSandFire We mean the Asian subcontinent. India, Pakistan, Bangladesh, Afghanistan etc.
@raypurchase801
@raypurchase801 4 ай бұрын
@@AirSandFire Agreed 100%.
@raypurchase801
@raypurchase801 4 ай бұрын
@@ReggieChump Diversity. The meaning of the word is "division". What could possibly go wrong?
@MrBSmizzle
@MrBSmizzle 4 ай бұрын
Spot on Dominic. Never been more depressed about the state of the country - bleak, bleak, bleak - I’m 38.
@jayc342009
@jayc342009 4 ай бұрын
I have no hope for my future in this country, the government simply refuses to listen to the majority.
@r3dp1ll
@r3dp1ll 4 ай бұрын
becaus they don't work for you / us
@dodohateswater
@dodohateswater 3 ай бұрын
Cos they work for the WEF
@vinnylee878
@vinnylee878 4 ай бұрын
Not my country, don't recognise it anymore, it's a ship sinking, I'm off to either Portugal,el Salvador, Argentina or I hear Thailand's tax is changing no capital gains tax so maybe there, Britain RIP
@dr.octogan1656
@dr.octogan1656 4 ай бұрын
As of Jan 1st this year all foreign income will be subjected to a new personal income tax in Thailand. Might have to scrub them off the list.
@Mac-ku3xu
@Mac-ku3xu 4 ай бұрын
Portuguese tax is favourable?
@steveetienne
@steveetienne 4 ай бұрын
@@Mac-ku3xu No cap gains in Portugal.
@vinnylee878
@vinnylee878 4 ай бұрын
@@dr.octogan1656 not for crypto
@Mac-ku3xu
@Mac-ku3xu 4 ай бұрын
@@steveetienneYou wonder for how long. These psychos seem to be applying the vice everywhere.
@jean-robertlombard1416
@jean-robertlombard1416 4 ай бұрын
Bonjour de France. The very same is happening in my country and in all the "free world" too. Wake up you people!!! The street!!!!!
@gavriloprincip1477
@gavriloprincip1477 4 ай бұрын
The Solution? Another Cromwell?
@sovereign_paul
@sovereign_paul 4 ай бұрын
Wise words said with conviction... Parliament has not re presented us for decades. It must be replaced or ignored.
@eliakimjosephsophia4542
@eliakimjosephsophia4542 4 ай бұрын
It all went Peter Tong in the early 90s for the working classes that had their own businesses and homes, the 90s recession had a huge impact on the building industry which is why they're doing their best to prop it up this time. The Rishi recession.
@CaldonianDude
@CaldonianDude 4 ай бұрын
Very true Paul, but replaced by who? - I'm not aware of any party that has any kind of real solution to Britain's underlying problems - mostly because they don't know what those problems actually are. I think we're going to have to ignore them - it's a case of look after number one...
@greydog1104
@greydog1104 4 ай бұрын
This explanation is exactly what is happening in New Zealand too
@tonyeden8381
@tonyeden8381 4 ай бұрын
The whole western world by design
@pointblankracer6274
@pointblankracer6274 4 ай бұрын
Worth a read, "The great Taking" by David Roger's Webb, A book about the taking of collateral (all of it) the end game of the current globally synchronous debt accumulation super cycle.
@BankruptStates
@BankruptStates 4 ай бұрын
Totally
@janetjacks3406
@janetjacks3406 2 ай бұрын
Yes a must read and so glad that David Webb acknowledges G Edward Griffin and his milestone book the creature from Jekyll island which educated me that the creation of the FED was simply a way of steeling the wealth from the poor in societies and passing it upwards.
@HarryLime49
@HarryLime49 4 ай бұрын
I'm 63 and actually glad I've had most of my life. I'm advising my son to leave the country.
@quintonballenden1436
@quintonballenden1436 4 ай бұрын
to where?
@arturo468
@arturo468 4 ай бұрын
I'm the same age and agree. This country is finished now.
@HarryLime49
@HarryLime49 4 ай бұрын
@@quintonballenden1436 I suggest trying South America, Mexico or some parts of Asia.
@28pbtkh23
@28pbtkh23 4 ай бұрын
@@quintonballenden1436 exactly - to where? Same problem in the USA or in Australia. Too much immigration, no vetting of new immigrants, turn a blind eye to crime committed by newcomers. Politicians cosying up to the financial sector.
@NatMart9394
@NatMart9394 4 ай бұрын
Im same age. I had a rare chat with my son only 3 hours ago, we had this exact conversation. Decided on selective eastern Europe, maybe Argentina in a few years.
@PortugalHolidayVillas
@PortugalHolidayVillas 4 ай бұрын
The sooner one understands and acknowledges that this is ALL part of a great plan - the sooner we can try and address the issue!
@David-135
@David-135 4 ай бұрын
Absolutely! Try convincing others of that. They believe the other party is going to fix the problem.
@aaronhogan2371
@aaronhogan2371 4 ай бұрын
Damn, this vid is straight truth. Every. Single. Point.
@Mac-ku3xu
@Mac-ku3xu 4 ай бұрын
Good to see you've swallowed another chunk of the red pill. Next step, drop words like "stupid" and "dim-witted" and start using correct terms such as "evil", "pre-meditated" and "malicious".
@californiaraisins8532
@californiaraisins8532 4 ай бұрын
And if one were to follow the money behind these multifarious agendas to source, one inevitably ends up looking at the same entities populated by the same names. Investigate UN Agenda 2030.
@turboslag
@turboslag 4 ай бұрын
Problem now with reducing house prices is that those with large, recently taken mortgages will be plunged into negative equity. Consequently they would be unable to move if they need to, for decades probably. Even though then, at best, they will only have reached parity, so they wouldn't be able to move up, unless their income had substantially increased. This is indeed a very difficult problem to resolve, and you are right, it shouldn't have happened, but then when did any government know what they doing, except to benefit themselves.
@jasbindersingh2441
@jasbindersingh2441 4 ай бұрын
Why shd i care ? I care as much for them as they care for me and any other future generations as they were handing over their mortgage cash thus playing their part in pushing up prices more
@markmewordz6860
@markmewordz6860 4 ай бұрын
Ponzi schemes take no prisoners. The 'system' is the true culprit here
@drifty_grifty
@drifty_grifty 4 ай бұрын
Those with mortgages took on a loan, with the subsequent risk. Let prices fall.
@turboslag
@turboslag 4 ай бұрын
@@drifty_grifty Easy for you to say, but most wouldn't be aware of the way the system is rigged, so are innocent victims.
@BigBoomOfDoom2
@BigBoomOfDoom2 4 ай бұрын
You need to be speaking to Reform UK and getting on GBNews. Team up with the anti-establishment people.
@johnfrancis2215
@johnfrancis2215 4 ай бұрын
So Reform is anti establishment. Don't think so
@noisyneighbour3317
@noisyneighbour3317 4 ай бұрын
Dominic WAS a regular presenter of 'Headliners' on GB News until afew months ago. Haven't seen him on there for a while though.
@stephenwilliams9950
@stephenwilliams9950 4 ай бұрын
As someone else has explained, Dominic was one of the very first GB News presenters, and Headliners was infinitely better for having him as one of the regular presenters. The loss of Dominic weakened it's structure, and I have not stopped regretting that move. He may have had good reasons, but thousands of people are worse off for not hearing his wisdom twice weekly.
@Justin-yt8zv
@Justin-yt8zv 4 ай бұрын
​@@stephenwilliams9950he was the best presenter on that show and sadly I've not taken much notice of it since.
@Mac-ku3xu
@Mac-ku3xu 4 ай бұрын
Controlled opposition. We need something entirely new.
@colin5021
@colin5021 4 ай бұрын
If our population was 50M, none of this (even planning) would be a problem.
@watttyler807
@watttyler807 4 ай бұрын
Probably true. A census was conducted after ww2 and the population was 49 m. I doubt the Government have any idea what it is today.60 m plus possibly.
@swojnowski453
@swojnowski453 4 ай бұрын
population must go up, or there will be no demand for houses. No demand = price drop. they will tell you immigration is bad bad bad, but they will do their utmost to continue with it. There is no another way, not in the country where there 1.6 children per family on average.
@williammichaelcowling5248
@williammichaelcowling5248 4 ай бұрын
I do not consider the World to be Over Populated,,, BUT,,, Some Countries Are... The UK being one of them.... We Only Grow Enough Food to Feed about 60% of the Population,,, in my book that means the UK is 40% Over Populated... Kick Out 40% even less than that and We Would Not Have a Bad Housing Situation.....
@Fidelisjoff
@Fidelisjoff 4 ай бұрын
​​@@swojnowski453immigration costs British tax payers £billions p.a. We prefer affordable housing and having self rule without governments that seek economic suicide with mass immigration. At times there may be a short term rise in GDP whilst real GDP per capita falls and sometimes GDP falls as productivity falls due to cheap labour rather than innovation. England needs to be returned to the English as we never consented to give it away. Current immigration levels of around 1.5 million p.a. have tipped us into a recession.
@swojnowski453
@swojnowski453 4 ай бұрын
@@Fidelisjoff You were sold for convenience of doing nothing and ever higher house prices. It must be cheap and convenient, that's how amazon beats the world. Immigration must continue or house prices will fall. Everyone wants them to fall, but not the owners, 66% of all 66 million people in the uk. So the prices will continue going up, native population declining, immigration going up, nhs declining. Start doing stuff, reject the rentier scam, kill finance sector in London ... and you might have a fighting chance to survive. As things stands, your house prices are working for your care home providers in the future. The growth in them will be taken away by them, and your children will be left with nothing, unless they themselves look after you. Most care companies in the uk are already owned by the US hedge funds.
@stevenmackay3342
@stevenmackay3342 4 ай бұрын
"when you create debt, you create money"... Brilliant and succinct... I think we need to have a nationwide talk about "maternal homelessness"... It's not really "homelessness", it's just a mechanism so that Government can create debt to buy houses (and in doing so enable the owner to get there equity), and then house the children with a tenant (usually their mother) that can control the relationship the children have with the other parent...usually the father. The only way the father can parent the children is if he can acquire with employment income in 2 weeks of labour per month, what the government can provide for the other parent by printing money. If you're a father in the UK you are not sharing childcare with the children's mother; you are competing for property with a Government that can print money.
@FreedomPhilosophyTV
@FreedomPhilosophyTV 4 ай бұрын
This is something I really detest about the U.K., I feel for my children and future generations because of the greed and selfishness of the political caste and those who support them. They will bring the whole nation down to see their home prices increase.
@orsoncart802
@orsoncart802 4 ай бұрын
Solution Step 1: A maas rhee verse of immγ gray shun.
@smartiepancake
@smartiepancake 4 ай бұрын
Henry George, so right, so ignored
@swojnowski453
@swojnowski453 4 ай бұрын
there is a long queue of youtubers for the post ... ;)
@deryeoman5013
@deryeoman5013 4 ай бұрын
I can afford to live where I was born, sadly I don't want t. In the last 19 years the population has gone from 97% English to 65% and I'm currently enjoying all the rotten, sour fruits from the Upas tree of diversity.
@swojnowski453
@swojnowski453 4 ай бұрын
not interested in broadening your horizons, what a little Englander you are
@mikemilton4370
@mikemilton4370 4 ай бұрын
Absolutely. The destruction continues, they have learnt nothing.
@Utubestolemylife
@Utubestolemylife 4 ай бұрын
It's deliberate.
@martinlukes9962
@martinlukes9962 4 ай бұрын
Yup; same here in NZ @@Utubestolemylife
@nixy49
@nixy49 4 ай бұрын
Wrong.....they have learned they can get away with it.
@BuiltToRace_com
@BuiltToRace_com 4 ай бұрын
100%
@laurarojas8490
@laurarojas8490 13 күн бұрын
Everything always appears sustainable until one day it no longer is.
@BankruptStates
@BankruptStates 4 ай бұрын
Big truth pill
@MrDoyley35
@MrDoyley35 4 ай бұрын
Couldn’t agree more to the housing situation. Building good quality affordable housing is a moral imperative that the short sighted and economically illiterate are blind to.
@SirPrancelot1
@SirPrancelot1 4 ай бұрын
Good stuff Dom. Thank you.
@crimeajewel
@crimeajewel 4 ай бұрын
Wise words.
@JamesScrim
@JamesScrim 4 ай бұрын
Kalergi Plan - The great replacement theory
@MrGraemeb2022
@MrGraemeb2022 4 ай бұрын
This is so depressing- and so true.
@Desy-wr2qx
@Desy-wr2qx 4 ай бұрын
Hallelujah!!!! The daily jesus devotional has been a huge part of my transformation, God is good 🙌🏻🙌🏻🙌🏻🙌🏻🙌🏻was owning a loan of $47,000 to the bank for my son's brain surgery (David), Now I'm no longer in debt after I invested $12,000 and got my payout of m $270,500 every months,God bless Chloe Linda Henderson🇺🇸🇺🇸🇺🇸..
@Candy-ud1th
@Candy-ud1th 4 ай бұрын
Finding yourself a good broker is as same as finding a good wife, which you go less stress,you get just enough with so much little effort at things
@Yusuf-di8cw
@Yusuf-di8cw 4 ай бұрын
I have made more than 90 K God bless Chloe Linda Henderson God bless America 🇺🇸
@Yusuf-di8cw
@Yusuf-di8cw 4 ай бұрын
*she's always active on Whats'akp*
@Yusuf-di8cw
@Yusuf-di8cw 4 ай бұрын
*+130*
@Yusuf-di8cw
@Yusuf-di8cw 4 ай бұрын
*190*
@raythomason3
@raythomason3 4 ай бұрын
We have to build 250,000 houses per year just to house the annual growth in population
@jondavidgriffin
@jondavidgriffin 4 ай бұрын
Easier to cap immigration at 50K
@evilcraftknife5705
@evilcraftknife5705 4 ай бұрын
I guess it is far more than that i over a million immigrants are moving here from abroad.
@user-ys8pq5vd3s
@user-ys8pq5vd3s 4 ай бұрын
It's not our population that's growing. It's the imported foreign populations since 1948 that are growing.
@bigbarry8343
@bigbarry8343 4 ай бұрын
I think when politicians talk about creating "homes", they mean mostly conversions into ever smaller flats (good for council tax).
@mooseyman74
@mooseyman74 4 ай бұрын
Homes under the hammer now mostly houses of multiple occupation, how inspiring
@schrodingerscat1863
@schrodingerscat1863 4 ай бұрын
I would argue that planning restrictions aren't the problem here, the problem is huge population increases driven by uncontrolled immigration. It is the root of many of the problems that blight the lives of ordinary people. To even keep up with net immigration at current levels we are going to have to build areas the size of Manchester every year together with all the infrastructure to support it and that just isn't possible. For this reason without a total pause in immigration for a time we are never going to catch up and will continue to cling to a rising balloon. The economic argument for immigration is also complete lies, we have one of the lowest GDP per capita of any developed nation meaning we are all poorer even though overall GDP is slowly increasing.
@David-bi6lf
@David-bi6lf 4 ай бұрын
Government rule number 1. Use overall GDP rather than per capita to deceive the public.
@Justin-yt8zv
@Justin-yt8zv 4 ай бұрын
We have had 20 years of mass immigration but apparently we just haven't had enough of it to start working yet. The gaslighting from Westminster is an absolute scandal. When I was growing up all my friends moved out quite quickly, fast forward to now and I know 40 year olds in full time work who can't afford anywhere. The issue is Westminster can't come out and change policy because then they would have to admit the past 20 years was a complete lie.
@Lovemy911
@Lovemy911 4 ай бұрын
And the larger uk cities, London Manchester liverpool Birmingham etc will take the majority of these immigrants, creating super size cities causing mass over population on a scale you'll see in cities like Lagos Nigeria, Mumbai india , and that is the end game 😮
@Lovemy911
@Lovemy911 4 ай бұрын
Where normal cities will have populations of 10m 20m plus It's an absolute tragedy the uk..😮
@adenwellsmith6908
@adenwellsmith6908 4 ай бұрын
I'd argue that migration is a symptom. The underlying cause is the welfare state and its pension debts. £600,000 per tax payer. They can't pay that. So the muppets think lets get in lots of migrants and their preferred excuse "demographics", is fixed. Problem is those migrants are on low wages. They can't even pay for their own current services, and will demand pensions of their own. That's the root cause. Migration just makes it worse.
@jakoblarsen3906
@jakoblarsen3906 4 ай бұрын
God bless Sir
@bertibear1300
@bertibear1300 4 ай бұрын
Planning laws should be restricted.We have a water shortage because too many people , NHS and dentist likewise and very soon food shortage…
@David-bi6lf
@David-bi6lf 4 ай бұрын
That's sure to help with the housing crisis /s 😂
@eliakimjosephsophia4542
@eliakimjosephsophia4542 4 ай бұрын
Mass deportation is the only way, they can start with the one million legal migrants that are out of work.
@aaronhogan2371
@aaronhogan2371 4 ай бұрын
Here in Australia (at State level) we are already doing this at 2% down. Federal policy cut from the same cloth is about to hit our senate. Watch this space.
@twentyrothmans7308
@twentyrothmans7308 4 ай бұрын
I was about to weigh in with this. It's utterly mad.
@fusion9619
@fusion9619 4 ай бұрын
Does Australia have states like the US? I thought they were provinces. Also, why don't y'all build out into all that space? Australia looks basically empty on the map.
@ReggieChump
@ReggieChump 4 ай бұрын
FGM wards in England'istan.... That's when I knew this country is no more for indigenous who fought for it.
@faizankut
@faizankut 4 ай бұрын
And no blacks and asians fought for it in ww1 or ww2???
@buy.to.let.britain
@buy.to.let.britain 4 ай бұрын
i dare you to stop paying tax then ?
@ReggieChump
@ReggieChump 4 ай бұрын
@@faizankut WHAT the F... Has race got to with it? You're mental... I'm more mental for dribbling on the screen with you chumps.
@ReggieChump
@ReggieChump 4 ай бұрын
@@buy.to.let.britain You self-employed? Well done 👍
@ReggieChump
@ReggieChump 4 ай бұрын
​@@faizankutRace wars??? WHY?
@Benelio
@Benelio 4 ай бұрын
loving the increased frequency of these videos! 👍
@almor2445
@almor2445 4 ай бұрын
Amen brother.
@rjb10101
@rjb10101 4 ай бұрын
The Big Short all over again....
@swojnowski453
@swojnowski453 4 ай бұрын
nope, it is big long, you do not play shorts with housing
@CrunchyNorbert
@CrunchyNorbert 4 ай бұрын
what do you call it when they throw more money at a problem rather than reduce the problem?
@douglasmenzies9313
@douglasmenzies9313 4 ай бұрын
Spot on !
@Justin-yt8zv
@Justin-yt8zv 4 ай бұрын
Watched an episode question time a few weeks ago and 4 out of the 5 panel members said and I quote "we need to destroy the green belt". That really worries me.
@fraserbailey6347
@fraserbailey6347 4 ай бұрын
Very good. Very true.
@Alexander-Bunyip
@Alexander-Bunyip 4 ай бұрын
Gee whiz, who's a stroppy lad today? 😅
@quandary1382
@quandary1382 4 ай бұрын
It's a win win for me, I own multiple houses. But it's a terrible idea for this country.
@raypurchase801
@raypurchase801 4 ай бұрын
Similar with me, but I wouldn't want to be just starting out now. My family thought my first house was expensive when i bought it in 1982. It's feckin insane now. Can't get a house today unless you arrive from Africa, get granted a council house, use your right to remain to import your entire extended family and get a bigger house.
@swojnowski453
@swojnowski453 4 ай бұрын
@@raypurchase801 these are exactly the reasons why your houses are worth more. They import them to prop you up. Are you standing on your head?
@raypurchase801
@raypurchase801 4 ай бұрын
@@swojnowski453 Inflated house prices help nobody. If house prices were smaller, we'd all have more money to spend on other stuff. If monthly mortgage repayments were one third as big, spending that money elsewhere would boost the economy and improve living conditions.
@wrighty338
@wrighty338 4 ай бұрын
Dominic you always hit the nail on the head, i could listen all day
@robertramsdale4983
@robertramsdale4983 4 ай бұрын
Good summary!
@notjoeking2
@notjoeking2 4 ай бұрын
Morning Dominic. Did you read The Price of Time in the end? Devil take the Hindmost is also worth a read by Chancelor. Your vids and opinions are always appreciated. A daily tonic.
@blackbaron0
@blackbaron0 4 ай бұрын
I largely agree with this Dom. Perhaps a mention of how council house tenants come into this, and the falling birth rate across much of the world. The former sees rent prices going up (but not affecting the unemployed), the latter perhaps due to urbanisation (please add). Whatever the effects though, pump priming the housing market is a national disgrace. It's fuelled by NIMBYs and line of lease resistence policies - the latter at least all to common in the Civil Service too (I'm a Civil Servant). The lesson was 'learned' after the housing crash of late 1980's and early 1990's, let prices fall and you lose the election, even though it's a market and should be tteated as such. Instead we have a Ponzi scheme where no one can really afford a house and live decently unless they have rich enough parents. But that's the Midwits for you, can only see what is put in front of them.
@eliakimjosephsophia4542
@eliakimjosephsophia4542 4 ай бұрын
That recession was about asset stripping, the same with WW2, the Germans were asset stripping. It happens every time the working class start to become more prosperous and have more influence.
@blackbaron0
@blackbaron0 4 ай бұрын
@@eliakimjosephsophia4542 Yes around where i came from many Working Class people who went out and grafted, often with their own businesses, did well for themselves in the 1980's. They enjoyed their rewards, doing up their houses or buying better ones. And they were still looked down on by snobs who felt them unworthy, especialy those who now had rather smaller or less valuable houses themselves. There is a lot to be said about old money verses new money. And those rigidities are very difficult to break. Even if you 'move up', you will still stand out as being not part of things. And those from the area that you came from can have difficulty accepting you because you don't now belong there either. Forgive me, I'm being rather broad there, not everyone is like that by any means. I've have these attitudes case at me, so know what it feels like.
@freesk8
@freesk8 4 ай бұрын
Well said. Thanks.Free markets in real estate will provide more housing at lower prices for poor people than will government programs.
@redacted629
@redacted629 4 ай бұрын
Its one of the very few times the public will be in a 1% group
@happychappy7115
@happychappy7115 4 ай бұрын
The potential investments into job producing productive companies, that instead, get funneled into the UK property bank.😢
@IainFrame
@IainFrame 4 ай бұрын
Great video Dominic.
@awolgeordie9926
@awolgeordie9926 4 ай бұрын
Excellent summary.
@garyh1572
@garyh1572 4 ай бұрын
Housing policy was destroyed the minute Thatcher introduced Right To Buy !!!!!
@TizerWales
@TizerWales 4 ай бұрын
Rubbish. Well done, Mrs Thatcher.
@garyh1572
@garyh1572 4 ай бұрын
@@TizerWales My town has lost 3/4 of it's housing stock to Right To Buy. Are you saying that there shouldn't be any Council Houses, and all housing should be in the Private Sector ???? How's that working out for you ????
@richardhale9664
@richardhale9664 4 ай бұрын
Right to Buy and the restriction of new council house builds was introduced in the 1980's to fix a specific problem. Namely to reduce public sector debt* which was too high, and I suspect to stymie Labour councils from gerrymandering the local elections. Regarding the former point it was absolutely necessary at the time. Thatcher vacated office in 1990. 34 years later and governments of various hues could have easily relaxed this policy a long time ago when public finances had been in better order, but they chose not too (nice one Blair and Brown....NOT). Instead they chose to squander the public finances by ever more regulations and laws, ever more unnecessary public "services", propping up the bloated financial sector and lining their own pockets (having your London home paid for on the public expense as an MP is hardly an incentive to bring down house prices). *Many Labour councils were borrowing money to build council houses, the borrowing charges were then charged to the rate payers, most of whom did not live in the council houses. Not exactly an equitable situation. Before WWII, councils used to finance the building by building say 3 and selling 1 to a private buyer.
@zakmurphy3476
@zakmurphy3476 3 ай бұрын
Blair built loads I think not
@garyh1572
@garyh1572 3 ай бұрын
@@zakmurphy3476 The Tories have been in power for 75% of the last 45 years !!!! I'd blame them,wouldn't you ??
@maplin007
@maplin007 4 ай бұрын
Building has slowed considerably in the last three months as houses are not selling, the big concerns won’t build as fast as they could because the house prices would drop and right now they’ve ground to a halt.
@yiguanas812
@yiguanas812 4 ай бұрын
But the immigrants keep coming, so we know what the price action will be eventually.
@Robin-Smith
@Robin-Smith 4 ай бұрын
They are still selling. But in the form of huge rental price increases. Same thing on the end
@maplin007
@maplin007 4 ай бұрын
@@Robin-Smith Not to the young I'd guess. also house prices have risen suggesting a lack. I work in construction, big sites are closing and builders looking for work as they are layed off is a sure sign of a slow down.
@Robin-Smith
@Robin-Smith 4 ай бұрын
@@maplin007 I totally sympathise. I'm merely pointing at why that is happening. Rentals are through the roof. While buyers wait for government of all parties to stop meddling
@maplin007
@maplin007 4 ай бұрын
@@Robin-Smith certainly a big part of it Rob. It seems all building is slowing though, materials are more expensive and cheap mortgages are out so even extensions are being moth balled. Compared to the previous three years (especially Covid period )which were manic this is even more noticeable.
@MrGareth777
@MrGareth777 4 ай бұрын
A powerful message as always
@pyro609
@pyro609 4 ай бұрын
All by design
@globaleye8
@globaleye8 4 ай бұрын
You would have to be a particularly blunt tool not to see the connection between housing half the world and overpriced housing....
@IndependentNewsMedia
@IndependentNewsMedia 4 ай бұрын
God bless.
@williamtell6750
@williamtell6750 4 ай бұрын
Good analysis.
@richardjones3112
@richardjones3112 4 ай бұрын
Sums it up perfectly.
@hectorg.m.3350
@hectorg.m.3350 4 ай бұрын
I remember when back in the day (before 2008) here in Spain there were 110% mortgages, "no deposit, and you can get a car, furniture...". It didn't go right. Cheers from Barcelona. God bless you!
@markmewordz6860
@markmewordz6860 4 ай бұрын
Damned well put.
@martinheath5947
@martinheath5947 4 ай бұрын
Spot on! Thank you
@stuartcartwright
@stuartcartwright 4 ай бұрын
Succinct analysis. Thanks.
@swojnowski453
@swojnowski453 4 ай бұрын
succinct but wrong.
@mooseyman74
@mooseyman74 4 ай бұрын
In the 1930s the majority of the public rented and walked and cycled. The opposite of progress indeed
@swojnowski453
@swojnowski453 4 ай бұрын
then you were at their speed, now walking or cycling puts you at a disadvantage.
@CaldonianDude
@CaldonianDude 4 ай бұрын
You nailed it. No real solutions (regardless the party), just more debt, with the tax payer on the line...
@ldn876
@ldn876 4 ай бұрын
Great video
@boccabr
@boccabr 4 ай бұрын
DF for Chanceler of the Exchequer 👊🏻
@angelmessenger8240
@angelmessenger8240 4 ай бұрын
It started when we lost the gold standard imo.
@bigbarry8343
@bigbarry8343 4 ай бұрын
Very restrictive planning permission is also the root-cause.
@sichere
@sichere 4 ай бұрын
I was brought up in Preston and can now afford a Stonking huge Mansion !
@michaelsliwowski5076
@michaelsliwowski5076 4 ай бұрын
Truth
@markwalters2927
@markwalters2927 4 ай бұрын
TOTALLY AGREE
@Andy-kj5et
@Andy-kj5et 4 ай бұрын
Do agree with Dominic, London and some city's have seen crazy rise's, There are still a lot of places that haven't. more economic activity outside of London, another story.
@evilcraftknife5705
@evilcraftknife5705 4 ай бұрын
Move north, leave London to fester.
@tropics8407
@tropics8407 4 ай бұрын
Inevitable result of QE money printing
@shootsteel
@shootsteel 4 ай бұрын
Help to buy was really help to sell
@koyonnaanizkatzi
@koyonnaanizkatzi 4 ай бұрын
I've said the same for years. However, as we all know sports is more important than politics.
@dallassukerkin6878
@dallassukerkin6878 4 ай бұрын
Absolutely! So why don’t those with the power to change things sort it out?
@user-kx3fq1zo6f
@user-kx3fq1zo6f 4 ай бұрын
They are our enemy that's why.
@RichPober
@RichPober 4 ай бұрын
These housing schemes are designed to prop up house prices for a population that is in demographic decline, especially the older folk who own the comparatively expensive housing. The older folk were able to buy their housing when it used to be affordable, but it has now become unaffordable for the next replacement generation. The natural trend in house prices in a declining demographic should be cheaper housing. Instead, these housing schemes are needed by the banks to ensure the housing assets on their loan books remain high. If the marked-to-market value of the banks' housing assets on their loan books declines, then the banks could be deemed to be insolvent, as we saw in the US with their recent bank failures.
@swojnowski453
@swojnowski453 4 ай бұрын
that's why many immigrants are allowed to enter, to keep demand high.
@flyinghigh22
@flyinghigh22 4 ай бұрын
I didn't buy stupid crypto,I bought houses - they are doing very well :-)
@maxilopez1596
@maxilopez1596 4 ай бұрын
Bitcoin is crushing real estate
@TunnelVisionAthletic
@TunnelVisionAthletic 4 ай бұрын
You best video yet mate!
@eskimo4130
@eskimo4130 4 ай бұрын
There are a hell of a lot of older home owners out there thinking the younger generation will see property value gains like they did, and it's completely normal. Absolutely mental. Well said Dom.
@eliakimjosephsophia4542
@eliakimjosephsophia4542 4 ай бұрын
Yes, complete madness. A friend of mine bought a 3rd share for her son on a house with a price tag of £480,000. I wouldn't give £200,000 for it, it's tiny.
@eskimo4130
@eskimo4130 4 ай бұрын
@@eliakimjosephsophia4542 i think i'd rather buy a flat (with that money) with long lease and foot the ground rent and service charges than being potentially trapped with shared ownership with rent on top
@eliakimjosephsophia4542
@eliakimjosephsophia4542 4 ай бұрын
Never buy a lease. Only a freehold. There are some reasonable buys at auctions. Some of the housing associations are selling off some of the properties that they don't want to spend on doing up to government standards. I've seen a couple of two beds that went for £100,000 prior to the auction sale, one of them was a 3 bed. Then there was another one recently going for £50,000. They are around but you have to be on them quick. Local councils are planning to sell off some of their older properties too, they'd rather put their money into new builds. @@eskimo4130
@Deadlyfinisher09
@Deadlyfinisher09 4 ай бұрын
Dominic can you do more videos in general? Your videos are Gold (pun intended).
@vm2670
@vm2670 4 ай бұрын
It is the co-operative of central banks. That is the culprit and the main driver of inequality, wipe out of middle class, indebtedness, and many other social issues. I would not attribute this to the UK only.
@nickswildweather1308
@nickswildweather1308 4 ай бұрын
Love your videos from over here in Oklahoma, Dom! Just as an example, in USD$, around 2004, I made $6.75/hr as a Shift Manager at a fast food restaurant (Whataburger, try it when you are in the southern United States). At $6.75 an hour I could afford my own 2 bedroom apartment in a State University college town. A couple of years later, I worked pizza delivery and rented a 2 bedroom mobile home by myself, EASILY. I had money to burn. Now, those same places that were $325/mo either don't exist anymore, or cost $900/mo. Of course, here, the University bought up a LOT of houses and apartment buildings to make room for athletic complexes, including my first 2 bedroom apartment from 2004. All that has replaced them are a few 4 and 5 story apartment buildings where they have 300 units each but they are all at least $700 per room. It's unbelievable. I'm back living in my parents house at nearly 40 years old.
@asimwaheed8201
@asimwaheed8201 4 ай бұрын
The state of the housing market was deliberate, to make money for the haves.
@markshirley01
@markshirley01 4 ай бұрын
Garys economics for me
@apemoon1731
@apemoon1731 4 ай бұрын
A mortgage is usually cheaper than the rent on the same house. The biggest stumbling block for people is finding the deposit to get the mortgage.
@kubhlaikhan2015
@kubhlaikhan2015 4 ай бұрын
I have a 300k deposit and I still can't find a house with three bedrooms for three people.
@apemoon1731
@apemoon1731 4 ай бұрын
@@kubhlaikhan2015 where are you looking to buy, Monte Carlo?
@kubhlaikhan2015
@kubhlaikhan2015 4 ай бұрын
I wish. This is smack in the middle of England @@apemoon1731
@duncanspires1798
@duncanspires1798 4 ай бұрын
... been saying this to anyone who would listed since 2003 when a friend from Argentina bought a 2bed flat for 350K in west London... seems cheap now but I thought it was crazy money then. and I could see that my young children would never be able to afford a house when they grew up... hense fast forward 20 years and graduating with 1st degrees from Russel group uni.. and they don't see the point in working.... for what? all their friends are the same. one with a good degree from Cambridge took a year to get a job she hated... and did 12 months before giving it up. In my opinion all because of removing the ability to get on in life, and own your own home. and progress... rant over.!
@JagdgeschwaderX
@JagdgeschwaderX 4 ай бұрын
Yes the young have been completely screwed over. Our first house was a semi and quite modest really, I paid 180k which was the most we could afford to borrow around 2003. I sold it for an astonishing 300k 8 years ago and thought it was outrageously expensive and it would be worth an even more astonishing 400k today. It was just a small/medium semi detached with 3 bedrooms and a pretty small garden. That was supposed to be a starter home for young professionals so they could have a family.
@swojnowski453
@swojnowski453 4 ай бұрын
fewer rich people, higher treshold for servants and for less money.
@JosephusAurelius
@JosephusAurelius 4 ай бұрын
As a young man, thank you very much for articulating the problems at hand. I will likely be moving to asia with my asian girlfriend and starting a family with her there - the west seems to be on a long term decline, potentially like that of the Fall of the Western Roman Empire. Subscribed
@lcship1905
@lcship1905 4 ай бұрын
Great video - severe cultural and economic effects. I've said it for years but the huge numbers of 'new citizens' will if anything will be the final nail. Unaffordable housing hampers people moving to take up better paid, more productive jobs. UK's productivity is relatively poor.
@richardhale9664
@richardhale9664 4 ай бұрын
Dominic, perhaps you could turn your attention to the scandal of overpriced car insurance for young drivers. This is another major factor in making their ability to work somewhat problematic.
@Andrew-rc3vh
@Andrew-rc3vh 4 ай бұрын
The video is all very good and accurate, but I feel you left a point out, and that is opportunity cost. Since house prices have risen so fast it has sucked investment out of industry and into the housing market. Low investment in industry aided by the preference to increase production capacity via more foreign chap labour means production per capita is very low, and this is one reason for the gap between wage rises and house prices. Many countries have increased automation, which means more widgets per worker per hour, so higher wages.
@zenzen9131
@zenzen9131 4 ай бұрын
It makes me weep too Dominic :(
@peterbeer8657
@peterbeer8657 4 ай бұрын
"Trickle down economics" means we make the rich richer and the rest can try and hunt the scraps.
@scottmitchell448
@scottmitchell448 4 ай бұрын
Where can I buy the house you mention in your video...? I assume this is a kit or modular type of home ...
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