Comments by "Terence Field" (@terencefield3204) on "The i Paper" channel.

  1. The twenty five year boom in economic demand for Uk real estate has changed. Prior to the collapse of the brownblair banking boom in the Uk, which fed demand for real estate from income growth, and the sea of free money available from 2008 onwards that also fed demand and house price growth, property was a relatively modest multiple of income. Now capital is becoming more rationally priced, with living costs eating into after tax incomes, the multiple of income for future real estate in the uk will decline over the next year. Therefore real estate will yield no money gain, and will yield a real loss when opportunity cost of alternative investments is factored in. The vastly overpopulation with huge numbers of Indian Pakistani Bangladeshi and African immigrants slowly gaining a place in real economic demand for real estate there will force a new reality of universal tiny homes, and squalid ones at that, with the rich living as the middle indigenous used to live. Hell on earth. Get out if you can, suffer if you cannot.
    1
  2. Uk real estate is a bond like asset for banks, with the price the reciprocal of the rate, but as rates rise, they outperform bonds as stickiness happens as occupiers eat dust to afford the rates. Thus the best will be those who bought after 2008 will repay with interest over 30 to 50 years with a final asset that yields far far less that an equivalent investment in a basket of stocks with reinvestment of dividends. It is a massive bank fraud, perpetrated almost entirely across the Anglo Saxon world, with the result that 1/3 of people will rent for their lives and without inheritance they will be serfs. Who wins the banks? Do some investigation.
    1