Lettuce Liz then Tetchy Rish! and the battle to replace him

[Wilf Wolf]

It’s like every Tory commentator is scheduled to go on 5Live’s Fighting Talk and is preparing for Defend the Indefensible.

 

[lemonjelly]

a lot of forecasters are predicting house prices to fall 10-15% next year.
That's the one issue that may cause some of the rwm to accept we have massive issues. The majority of the population will have seen low interest rates, and also house prices which only increase over time.
If the house price market does fall, then it could be the express and the heil also lean against truss/kwarteng.

 

[jlo]

When was the last time houses prices genuinely fell? I just don't see it, demand is too high.

 

[Johnny75]

When was the last time houses prices genuinely fell? I just don't see it, demand is too high.

They won't. If people default the banks/ vampire funds will buy up property and rent it to people.

The housing market will not crash but people will be squeezed out.

Already happening in the US with BlackRock and others doing this.

It's genuinely evil that a government would let this happen.

 

[lemonjelly]

early 1990's if memory serves. interest rates around then rose to 14% i think, and over 4 years house prices fell by around 20%, and there was a lot of negative equity around, and even people abandoning houses and taking the keys to the banks/building societies.
Technically there was a short/temporary dip around the GFC in 2008, but that was arguably more of a blip, but that kinda re-enforces my point that the generally held belief is that house prices will only ever rise.

 

[pr0sl0]

They won't. If people default the banks/ vampire funds will buy up property and rent it to people.

The housing market will not crash but people will be squeezed out.

Already happening in the US with BlackRock and others doing this.

It's genuinely evil that a government would let this happen.

Dizzying to think of all the foreign capital that's going to swoop in, taking advantage of the fall in the value of the pound combined with the fall in house prices in general.

It's going to make the already-disastrous last decade - which already saw entire blocks of inner city new build flats being put on the market in Singapore, Dubai, etc, before they ever went on sale here - look mild by comparison.

 

[Donegal Wolf]

They won't. If people default the banks/ vampire funds will buy up property and rent it to people.

The housing market will not crash but people will be squeezed out.

Already happening in the US with BlackRock and others doing this.

It's genuinely evil that a government would let this happen.

Yep that's what happened in Ireland after the crash, now anybody under 35 trying to start out frpm scratch to get on the housing ladder now has a nearly impossible task.

 

[Deutsch Wolf]

Alternatively, it's Starmer's fault

https://twitter.com/x/status/1575020701890715648

Wolves are losing all the time and scoring hardly any goals because all the players are worried we'll sack Bruno Lage and appoint Gennaro Gattuso.

 

[lemonjelly]

BoE buying up government bonds to attempt to stabilise things. Not really working though...

 

[pavlosmacwolf]

Dear lizz,
When the imf tells you publically you are a complete cunt.
You may safely assume you are a complete cunt. N'est ce pas?

 

[AndyWolves]

Emigration starts to seem like a better and better option

 

[Tredman]

Reading the comments and views of some generally sensible people on twitter is actually really quite scary.

 

[Sniffer]

Labour Party conference news...

https://twitter.com/x/status/1575093243460472833

 

[Keef]

Kwasi Kwartang now holds the record for the shortest email ever received

 

[AndyWolves]

https://twitter.com/x/status/1575095698927730688

 

[Sniffer]

https://twitter.com/x/status/1575095698927730688

Looks better in words than the delivery. Both her and SKS (Gary Neville being cheered in Liverpool) messed up the punchlines in their Conference speeches.

 

[BillyDee]

Maybe, maybe... But more importantly, has anyone seen them eating a bacon sandwich..?

 

[Deutsch Wolf]

Has Truss been sighted anywhere since Friday?

Crashes the economy in an afternoon then hides. Leadership.

 

[Elephant Pyjamas]

Has Truss been sighted anywhere since Friday?

Crashes the economy in an afternoon then hides. Leadership.

She's learnt from the best.

 

[Sniffer]

Has Truss been sighted anywhere since Friday?

Crashes the economy in an afternoon then hides. Leadership.

Seen at a shouting match with the Chancellor on Monday by civil servants. Rumours since are that she is staring at the wallpaper in the Downing Street flat wondering if she'll be looking at it for longer than the previous tenants.