Signature Coins & Bullion

Homeownersim - a condition that specifically affects citizens of the United Kingdom and the United States. Symptoms include a pathological need to live in house too large for ones needs at costs above ones salary, and a habitual need to tell everybody about it.

I learned very young that the hoemownerism was a scam. It was concocted in the late 1970’s early 1980’s as a way to control the masses. With industrial action on the rise (miners’ strike) Mrs T found a fantastic ruse to get them under control: get the working class into so much debt that they could not strike. If they did, they would lose the roof over their head and be on the street, and it worked like a charm.

It is a common ruse, we call it debt slavery, and for the last thirty years it has worked like a charm.

I was lucky enough to leave the UK at a young age, and so never caught the disease. I did own a house in the United States, which as I non citizen I paid a huge deposit on. I sold in 2003 when I returned to the UK and never felt the need to purchase a shoebox for twice the amount of my Long Island "mansion".

I had bought and sold a large (modest for USA) detached home, with about an acre of land surrounding it in one of the most expensive markets in the USA. Although property taxes were high, around $5,000 per year, I really liked my house. Few people in the UK would ever be able to afford a similar shelter.

However, it was the roof over my head, and not an investment. Today, millions of people live in fear of repossession, job loss, and the stigma of being on the street. However, the bug has evolved, and now the need is to have several houses, under the buy-to-let scheme.

The pain that this is going to cause will be immense, so when I read this article I felt the urgent need to share it:

Looking to beat inflation? Don't - I repeat, don't - invest in property

With inflation rising fast and interest rates pathetically low, where can you go to make sure you get a real return on your money? Listen to the property crazies and the answer is apparently perfectly obvious: buy to let.