The rental crisis

Blackrock have all but won a contract to rebuild Ukraine once this war is over. They have accumulated wealth and power over the stock market beyond imagination.

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Who will pay for this? US and Europe?

Cants have stopped increasing the ns&i rates anaw bastirts

comment by Passion Power - Make 1984 fiction again (U8398)
posted 2 minutes ago
Blackrock have all but won a contract to rebuild Ukraine once this war is over. They have accumulated wealth and power over the stock market beyond imagination.

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Who will pay for this? US and Europe?
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The same people who are paying for the war efforts, so yes, the tax payers in NATO nations. Sooner this is over the better.

Why does Ukraine get to be rebuilt when there's many countries that could do with a rebuild? We're not even responding for what's happening in Ukraine. How spit reparations for what we are actually responsible for?

*responsible not responding

comment by K7-0ptimus Primal (U1282)
posted 42 seconds ago
Why does Ukraine get to be rebuilt when there's many countries that could do with a rebuild? We're not even responding for what's happening in Ukraine. How spit reparations for what we are actually responsible for?
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I guess somebody has to do it. It'll be a mix of private and public funding managed my Blackrock I'd imagine. They're a huge lender and I believe they're already subsidising a large proportion of what the Ukrainian government need just to service existing debts payments for salaries and pensions.

It isn't unusual at all. Most of Europe is billions in debt to each other. We helped bail out Greece and Italy for example....with what, we're about £2trn in debt ourselves.

It's all fugazi and being kept afloat by financial institutions.

comment by Busby (U19985)
posted 19 minutes ago
comment by K7-0ptimus Primal (U1282)
posted 42 seconds ago
Why does Ukraine get to be rebuilt when there's many countries that could do with a rebuild? We're not even responding for what's happening in Ukraine. How spit reparations for what we are actually responsible for?
----------------------------------------------------------------------
I guess somebody has to do it. It'll be a mix of private and public funding managed my Blackrock I'd imagine. They're a huge lender and I believe they're already subsidising a large proportion of what the Ukrainian government need just to service existing debts payments for salaries and pensions.

It isn't unusual at all. Most of Europe is billions in debt to each other. We helped bail out Greece and Italy for example....with what, we're about £2trn in debt ourselves.

It's all fugazi and being kept afloat by financial institutions.
----------------------------------------------------------------------
A lot of people could use a bail out though. We've had many years to do it but I guess it's more justified for Ukraine than countries we facked up ourselves.

The solution in the early 2000s was to put a stop to property speculation by taxing property gains. It's led to landbanking, second home ownership, buy to let ownership, flipping, property developers, estate agents in abundance, and the majority of money which should be in innovation going into bricks and mortar.

I was campaigning against this in the early 2000s but to say it fell on deaf ears in an understatement. We we're a nation of wannabe property speculators then, we're a nation of them now. Neither Governments wanted to make any pledges to stop this crazy speculation because the nation wanted it. Despite Browns no more boom and bust mantra we've been puffing up this bubble for 2 decades with terrible long term consequences.

The solution is for this bubble to pop and for people to feel a couple of decades of deflationary house price pain like Japan did. I was hoping this would happen in 2008 but the Government kicked that can down the road. It's going to get worse before it gets better.

At some point the smog will clear and it will become cheap to build houses again at which point a Government will be able to step in to do so. Whether they will do this or just provide more soundbites about not repeating this mess is the question.

comment by Busby (U19985)
posted 1 hour, 14 minutes ago
comment by K7-0ptimus Primal (U1282)
posted 42 seconds ago
Why does Ukraine get to be rebuilt when there's many countries that could do with a rebuild? We're not even responding for what's happening in Ukraine. How spit reparations for what we are actually responsible for?
----------------------------------------------------------------------
I guess somebody has to do it. It'll be a mix of private and public funding managed my Blackrock I'd imagine. They're a huge lender and I believe they're already subsidising a large proportion of what the Ukrainian government need just to service existing debts payments for salaries and pensions.

It isn't unusual at all. Most of Europe is billions in debt to each other. We helped bail out Greece and Italy for example....with what, we're about £2trn in debt ourselves.

It's all fugazi and being kept afloat by financial institutions.
----------------------------------------------------------------------
European and British *taxpayers* helped bail out Greek and Italian (and other European nations’ ) *banks*.

It was a matter of the collective socialisation of losses accrued in the private sector, with working people once again being punished by neoliberal governments desperate to maintain a broken status quo and keep donors onside rather than attempting to address the same systemic issues we see rear their ugly heads time and again.

The banks should have been allowed to fail.

“ The banks should have been allowed to fail.”

Totally agree.

Now we have Lloyds considering buying up a lot of rentals and squeezing us further.

We have the BoE protecting nobody but the banks, against, squeezing those who need the spare money in a cost of living crisis.