Inflation has fallen back from its recent ridiculously high rate, house prices are on the up again and unemployment continues to fall. Apparently this is sufficient for the Tory bastards to declare that the economy is “off life support”. Nevermind that inflation is still at 3%, with actual take-home pay falling in real terms, nevermind that the unemployment figures obscure the real truth that many people are being forced off benefits and into the grey market economy or into underpaid jobs which leave them deeper in poverty and forced into the hands of payday lenders, food banks and loan sharks.
This “recovery” is just manipulation of the figures by a devious government of con men, embezzlers, liars and cheats. These bastards are in league with the banksters and the corporate fat-cats in an unspoken conspiracy to concentrate wealth and power in the hands of the few. For a true recovery to happen; we need to take the vast fortunes these bastards have amassed at our expense, and redistribute them to the poor sods who’ve been screwed over by them. We need to take back democracy and make it work for the people, instead of allowing the continuing charade of false choice between a lineup of elitist criminal scumbags.
What I still don’t understand though, is why everyone seems to think rising house prices are a good thing – for people like me who’d love to get on the property ladder, but can’t, rising house prices is the last thing we want. What would absolutely make my day is if there was a complete collapse in the housing market, such that houses were selling for their actual value, rather than some arbitrarily inflated figure plucked out of an estate agent’s asshole.
Sure, a collapse of the housing bubble would leave a lot of people in negative equity – but at the end of the day it’s their fault for buying something at a price which they knew to be vastly overinflated. Can I interest you in a £200,000 tulip anyone? Greater fool theory is no way to do business. Besides, if people actually bought their house for the purpose it was intended – ie, to live in, and they can afford their mortgage repayments, then what does it matter if they’re in negative equity?
If you want to gamble on the markets, there are a plethora of fun and exciting financial derivatives you can buy. Go buy some CFDs, or binary options if you wanna tie your fortunes to the arbitrary value of some abstract financial entity, hell if you want an investment just go and buy some stock in a company or some government bonds. Just don’t buy a house as an investment, it’s not fair on the rest of us who just want somewhere to live that we can call our own.
If the government were actually building more social housing, which I would consider a very good thing, then the effect I would expect to see on the housing market is a decrease in prices. The persistently rising house prices are a symptom of a chronic lack of decent quality affordable housing – if you ask me that’s a negative indication of the state of the country, not a positive one – it’s simple supply and demand economics – supply is failing to meet demand, so the price is becoming inflated beyond the true value of the asset, due to its scarcity. Why do these asshat politicians persist in the delusion that rising house prices are a good thing?! That attitude is just pushing us deeper and deeper into a housing crisis and creating a neo-feudal system of property owners and serfs.
I don’t like being a serf.
When I talk about redistributing the wealth – I don’t mean directly putting it into the hands of the poor (although a little bit of that wouldn’t hurt). What I’m actually talking about is taking a large portion of the private fortunes amassed by these corporate hags and investing it in civic infrastructure and social projects that benefit everyone. New museums, libraries, parks, subsidized (and renationalized) public transport, free high speed broadband access for all (and a renationalized British Telecom), investments in renewable and carbon-free energy infrastructure (and a renationalisation of the energy and utility companies), a return to student grants rather than student loans, increased availability of grants and loans for small businesses – and of course a massive social housing building project.
All the public services that the Tories have sold off over the years to their corporate scumbag mates – let’s take them back and run them for the benefit of the public rather than for the benefit of a select few corporate fat-cats. Fuck buying back these services, let’s just take them – who cares if the companies who owned them go bust as a result? They deserve it, they’ve been screwing us for years.
Let’s just bulldoze the docklands and replace canary wharf with council housing. It’s the banksters who are the real leeches on our country, not benefits claimants.
Oh well, I can dream can’t I?