Partly. Fewer buyers too.
The Higher unemployment---- the higher equities rise! 26,000,000 unemployed!
- Thread starter S2007S
- Start date
Partly. Fewer buyers too.
Likely only pushing the poor people that don't buy much into poverty, depression and suicide.
And they get to re posses all there houses and sell on and hit them with fines for defaulting.
Got to hate this world, screwing us over with the pretence of saving us all.
I think you're equating not having a job to being without money. The majority of those people "without a job" now have incomes from unemployment that are higher than when they had a job.
Think of it this way. Imagine all these "jobless" people are not really jobless, but actually just got another job being paid to stay home and watch youtube and netflix all day. Because that is literally what has happened.
Markets are disconnected from reality though...we should be at Dow 30,000 or higher right now.
Not the case in the UK, even a basic job gets you £1000 monthly here, where as income support £350 area, they've put that up £80 for a year, so back to £270 after that.
They'll pay something towards your rent 80%, but if your buying and have a mortgage then you get nothing towards that.
They'll reduce your council tax to only £60 per month to, so £290 really.
Nobody trades london markets.
We're talking about REAL stock markets here.
Even more screwed if you live in London, £1000 for a bed sit per month, nuts.
And everything costs x 2 on the price aswell.
Living in any city sucks. Quality of life is always so much lower in the big cities. People go to the city to make more money, but end up wasting it all on rent.