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gerhard7
British Home Investors
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Comments by "gerhard7" (@gerhard7323) on "" video.
Perpetual house price growth is integral to promoting the illusion that the real economy is growing and 'we're' all getting richer. Literally anything that helps to keep that plate spinning and perpetuate that narrative in the minds of the masses has been and will continue to be tried.
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Banks will, as a general rule, lend as much as they possibly can against a property not least because they figure as assets on their balance sheets and the interest payments count as profits. Obviously this is usually predicated on the likelihood of the loan being paid back, although 2007/8 saw even this Golden Rule cast to the wild winds. Wild winds we still continue to reap to this day.
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We all come into this world with nothing and leave it with nothing.
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