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Joined 1 year ago
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Cake day: July 4th, 2023

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  • In the UK there’s a soft limit of 4.5 times your income.

    This is the amount they’re allowed to do with no oversight.

    But 15% of their mortgages per quarter can be over that, and as far as I can tell there’s no real upper limit, although they’ve been offering 6x mortgages in some places.

    The entire economy has prioritised pumping mortgage money around, and so nothing will be done. The only real lessons from the last big crash was to limit bad borrowing a bit, and that is crumbling away too.

    I don’t see any short term fixes that wouldn’t get their political parties booted out and replaced with a party that promises to pump the house prices again.


  • The prices are set by banks. The only limit on what somebody can sell you a house for is what the bank is prepared to lend you.

    If the interest rates go down, the price goes up. If the term lengths go up, the price goes up. Prevent lending, and the landlords will buy it up because normal people can no longer afford them.

    The system has been fucked for way too long, and in order to fix it, you’re going to have to upset a lot of people who have put their money into their home.








  • I mean, they’re sort of right.

    If there’s 150,000 identical homes for rent in an area, and 200,000 people/couples/families want to live there, then 50,000 are going to be shit out of luck.

    The going rate is going to be the maximum that the 150,000th person out of those 200k is prepared to pay.

    How do you fight maths?

    Build more houses. Less competition means lower prices.

    Social housing schemes.

    Work from home being a right so you don’t end up with everyone needing to work in a massive city to make ends meet.

    Tax landlords. They’re already charging the most the market will bear, and taxes would mean they can’t just snap all those homes up and offer them for rent. If buying and renting homes is a valid business plan, then the tax isn’t high enough.






  • The last thing we need is Pro consoles getting exclusives. That would be PS6 in all but name.

    The PS4 Pro made some sense. The PS4 was underpowered on launch, and 4K became pretty commonplace shortly after they launched. It still had an underpower CPU, but at least you got an upscaled HDR 1440p image for most of the time which is good enough. Even PC gamers accepted upscaling to 4K once they gave it a fancy name and told them it was exclusive.

    But here, you’ve already got a choice of pretty RT mode and 60 fps mode, and if you really wanted both of those at the same time, then you could lash out a big pile of money for a PC.

    It’s 700 notes for half a generation of slightly prettier gaming. It’s aimed at the “turn everything to ultra and have a fit when it drops below 60fps” PC gaming demographic, who have no need for this.