Comments by "May L" (@MeiinUK) on "How Bubbles Burst – 7 Lessons from Past House Price Falls" video.

  1. This is why if families keep to like, 2 to 3 generation living under a single roof... And then literally... just hold tight, and have several incomes etc.. into an actual running cost of an actual.... family unit. That is quite sustainable ? Do you call this some kind of economic coefficient or other...
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  2.  @BigHenFor  : It is interesting what you say.. because.. is it a good thing to live within an actual 2 to 3 generations under a single roof? Or is it better for.. actual.... a rental market? Or is it better for these 2 generational mortgages like Japan did? OR... is it even better... to actually lock certain groups of clusters together, to make things work out indirectly ?... As in... chains of people. As in... Instead of means-tested individuals.. we have means-tested people, or groups. So that they could work together? As in... if one has a low priced house, then they should rent out their spare rooms or spare bedrooms. That was how we used to anchor things. It was also idiotic individuals that literally.. increased the price of the properties... by raising its value... way above... Some rents used to be only around a mere 30 to 50 pound a month, when wages were around 2k. A month. This helped families raise their children, and this helped the economy as well.. Who were those idiots that bought them out, and then literally forced and pushed them out ? And now, this time round, everybody is affected....
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  3. It probably didn't fall because UK citizens.. and the various... deregulation as well.. and the introduction of the euro... and then the combination of more countries becoming part of the EU as welll.. this stopped them from seeing a fall... But.. for many of us... sitting and watching this.. we saw what was happening. So.... UK was living not within its means, is because we helped buy those EU properties... that is why it happened.... So.... I was not aware that we came out of the ERM.... actually.. but I know that negative equity was genuinely a thing... But these days with these online media, and social media... one cannot see the wood for the trees.
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