Latest posts

Showing topics posted in for the last 365 days.

This stream auto-updates     

  1. Yesterday
  2. Exam System Is "diseased And Corrupt"

    I think that is wrong. My daughter is a year 9 and her maths tests (middle set) are a good deal harder than what I remember my maths tests being when I was her age (top set). I am 42, and also no maths dunce since I'm in tech/electronics at a high level for 20 years and use advanced maths as a matter of course. I also agree with what dissident junk said. I think there is element of old men here who were no good at maths being peeved at a younger generation who are now better at it than they were.
  3. They just wont stop....

    The skill shortage is just a lie to depress wages. A hefty proportion of C.S. students can take ages to find a job...more so that those with liberal arts degrees, and it's true of STEM subjects generally. The employers just don't like paying the wage for the job, so promulgate the story that there is a skill shortage. What's amazing is how the government listens to Industrial Barons, but has it's fingers in its ears when pretending to listen to the concerns of the little people.
  4. Cholesterol

    Alcohol does affect cholesterol levels quite a bit. If you don't have familial high cholesterol issues (genetically inherited), like a few moderate drinks, do a reasonable quantity of exercise (including long walks etc as well as some stuff that raises your heart rate so you get breathless), and eat a decent diet (not rabbit food but a mix of home cooked stuff, veg/meat/fish/carbs with sensible salt, fat, sugar levels) you should be ok. If you do no exercise, drink a lot, eat a lot of ready/processed food (for this read anything you have not prepared yourself) and are over 40, then you should worry. Which of the two line are you closest too? If the latter, look to move away from it towards the former by reforming any/all of the issues mentioned above.
  5. IMHAL, don't fall into the trap of responding to him, please, the chap's a bona fide racist if he's not a bot.
  6. Petrol is pretty much the exact opposite case to housing. All petrol is basically the same, there's a ton of competition, and loads of fuel to go around. People shop around, and so few petrol stations can get away with charging over the odds. You can't buy up all the supply, and start charging more because someone will undercut you. The only reason they won't is if their supply cost exceeds the selling price. So price is set almost entirely by the cost of supply, and so tax, which is an additional cost, falls on the buyer. Dont believe me? Well 'Landlording' oil is exactly what OPEC tries to do, and despite controlling a serious chunk of world supply, it doesn't really work, because of Russia and the US. Your local texaco sure as hell can't get away with it. In contrast, any moron can collect rent from houses. In general, the split between buyer and seller varies according to the particular market. If you want an obvious example of taxes pushing down prices, look at wages. Does employer national insurance push wages up or down? The answer is it depends, but for some people the price at which they can sell their Labour is lower because their employer is asked to pay a tax, just like housing.
  7. Why not get rid of the very many more British spongers? That's a bit racist of you don't you think?
  8. St Albans

    Apartments aren't selling. Granted there are houses that might attract Londoners with money to burn but the prices are so high now I'm sure other options (Hitchen?) are available.
  9. OK - my bad - genuinely read Maslov. You talk about the simple things being important, I agree - maslov puts that into context by saying that your can only do that when first your basic needs have been met, then you social needs then you are at liberty to indulge in you intellectual wants. The point of being financially secure matters because without it you cannot move onto the all important social and intellectual levels.
  10. And yet you've chosen not to answer my two simple questions. Strange that...
  11. Is ccc still posting on here despite telling everyone he wasn't going to, that it was crazy to do so? Ok then...
  12. They just wont stop....

    Pitch forks and gunpowder work. Hammond head would be then first onmthe stake outside Parliament. Watching the Gunpowder plot its plain to see nothing has changed.
  13. The problem with Momuntum is they are basically bitter borderline commie bastards - they would favour that AND raising higher rate income tax AND raising CGT and IHT to punitive rates only to give the lot to give fake disabled people more benefits and re-grow an even more bloated public sector. What we need is a conservative type party that gets real and starts proposing this stuff as tax reform instead of increases. Collect more tax at source from sources that cannot be moved offshore so that it hits "non doms" and offshore trust users, drop income tax. In India you pay twice as much for a high end car as you do here. India is widely known for what they call "black money" (tax evaded, invisible assets). But the government still get a big bite when a mid size exec import like a Jaguar XF has registration taxed at 106% making it £80-100k -and- they still sell. This is clearly a perfect way forward for an island as it's rather hard to smuggle stuff here. Slash income tax and there's less point in avoiding it. Increase taxes that cannot be avoided - property, certain luxuries that are hard to smuggle. It's a much better way to do things in an increasingly globalised world IMO.
  14. Sw London - Gone Crazy in homage to that spice girls classic when one becomes two
  15. The point of Brexit is to get rid of all the spongers from Eastern Europe and to secure our border. Simple as that.
  16. During a stamp duty holiday, this is not a stamp duty holiday and there is a difference. Even so, it's perfectly consistent with the consensus view that stamp duty feeds directly through to prices.
  17. Shaun nails it as ever.He's normally the epitomy of polite restraint but actually lets rip a bit today.His commenters are a relatively erudite bunch(quite a bit of cross pollination with HPC I suspect) and worth a read if you have the time. Shaun Richards 23/11/17 'Yesterday we got the conformation we expected that the UK establishment cannot stop itself from meddling in the housing market with the intention of pushing house prices up. The various readings that the house price was turning highlighted by actual falls in the London area was always going to focus their minds. Thus the headline proposal in the Budget was this. From City-AM. The government has used the Autumn Budget to abolish stamp duty for first-time buyers on purchases of up to £300,000. First-time buyers will also receive a stamp duty holiday for the first £300,000 on purchases up to £500,000. Launching the policy, the chancellor said 80 per cent of first-time buyers will pay no stamp duty as a result of the change. Firstly let me wish those who are about to buy for the first time good luck with their windfall although not everybody sees it like that as this from the chief economics correspondent of the Guardian Aditya Chakraborrty indicates. Jack up your asking price to show him how stamp duty really works. However sadly it will not end there as we know that such moves tend to boost house prices and of course this is the reason the policy is announced. For the government can claim it is helping first time buyers and boost house prices for property owners in a win double for it. If we think more deeply then poorer areas will see little benefit at all as the £125,000 limit for zero rate Stamp Duty was enough but areas with higher prices will see benefits and I note the way that the gains were given to those paying up to £500,000. That will benefit first time buyers in London ( albeit not some of central London) which makes me wonder if it is an attempt to stop or slow this? From the Evening Standard on London house prices. Savills anticipates prices will fall 1.5 per cent in 2017 and a further two per cent in 2018, before stagnating in 2019 Things are usually really bad when an estate agent predicts price falls! How much will house prices rise? I put in a maximum public service effort yesterday on social media to point out that the first rule of OBR ( Office for Budget Responsibility) club is that the OBR is always wrong. Some seemed to learn but others parroted its claim that house prices will rise by 0.3%. So let us move on knowing that it will not be that as we mull that the gain can be up to £5000 so some prices will probably rise by that and of course some desperate to buy might leverage via a mortgage and be able to pay even more than that. There will be a small downwards effect above £500,000 as there is an extraordinary marginal tax rate where £1 costs £5000 on the other side. The BBC seems oblivious to the continual failures of the OBR too. It also estimates that it will result in only an additional 3,500 first-time buyer purchases…….The policy will cost the Treasury £3.2bn over the next five years. There is a further irony about this which is that Stamp Duty was one of the few areas where we seem able to raise tax rates and revenues. Partly of course due to the fact that housing benefits from capital gains tax exemptions for the main home. Term Funding Scheme Just a reminder that house prices will be pumped up by the extra £25 billion of this that the Bank of England requested on Monday and will therefore presumably supply before it ends in February. This works in several ways as you see banks get funds at or close to Bank Rate as opposed to going to savers which is both easier and cheaper than the 1.1% ( plus costs) they have to pay for new deposits from individuals according to the Bank of England. This means that the banks can mix between wider margins and lower mortgage rates than otherwise. The lower mortgage rates boost business volume compared to otherwise and of course via their impact on house prices improve the mortgage book of the banks. Supply There was a by now familiar refrain that we must build more houses which has been proclaimed by every Chancellor this century. From the BBC. £44bn in overall government support for housing to meet target of building 300,000 new homes a year by the middle of the next decade. I am sure you have already spotted that for housing demand it is jam today whereas for housing supply it is jam tomorrow! Indeed it is hard to avoid the thought that by the middle of the next decade the odds are that the current Chancellor will be long gone. Indeed according to Yes Prime Minster if you want to kick things into the long grass you announce an enquiry. So I am establishing an urgent Review to look at the gap between planning permissions and housing starts. It will be chaired by my Right Honourable Friend for West Dorset. And will deliver an interim report in time for the Spring Statement next year. Some care is needed as it takes time to plan and build houses and flats but we find yet again that demand and consequently house prices come first. On past track records the houses may not ever be built. Universal Credit It is clear that some of our poorest people have been affected by the clunky way that Universal Credit has been introduced. So I welcome the effort and money put forwards in the Budget to help with this and fixes if not all at least some of the problems. Growth downgrade The obvious cherry to pick for the headline writers has been the economic growth downgrade given to the UK. However this is based on the productivity forecasts of the OBR which have been well take a look for yourselves. Anyone surprised by the downgrade in UK productivity… chances are it continues to get downgraded (and this isn't just a UK-specific problem). OBR can only keep lowering in the absence of any positive catalysts #Budget2017 — Viraj Patel (@VPatelFX) November 22, 2017 Oh and remember they were saying that UK borrowing will be higher this year than last? From the Budget Speech. Today, the OBR confirm that we are on track to meet our fiscal rules: Borrowing is forecast to be £49.9 billion this year; £8.4 billion lower than forecast at the Spring Budget. Comment So we received a giveaway Budget of which a lot of the giveaway was focused on the housing market. Again. Whilst some will initially gain the problem is that next time around the house prices that are being boosted will be even more unaffordable and thus more “Help” will be needed in a cycle which is so far endless. Existing home owners can continue to listen to some Hot Chocolate. You win again The problem is that for all the talk of rebalancing the UK economy we continue to lean towards the housing market. So whilst I welcome the efforts to boost productivity and technology they may find they are swimming against the tide. Still at least the extra maths teachers may help us in measuring productivity which may yet turn out to be the problem that never was. Also the technology issue needs to be in the right areas. I understand that one needs to provide stations to encourage use but my area has seen a considerable number of charging points for electric vehicles built in the last year or two but they are so rarely actually used.'
  18. Buy To Let Finance Watch

    I hope they do go down but I understand that they are actually quite a well-run firm.
  19. Trying it on again now!

    Wording of the OP is random. Seems more bot than troll.
  20. November Budget 2017

    I collect one without fail every week when I'm in London for the day. Usually coincides with VI ramping brochure / property supplement day. Use it for the rest of the week with a splash of lighter fluid for getting the fires going!
  21. When you put it in those terms and tone I conclude that you don't actually have a point. "Go off and read this" instead of a decent summary, see the work for further detail, usually is a sign of that. If you've got a point make it yourself. If it manages to argue well enough to pique my interest then I may go off and read further, but I'm not doing your work for you. The implicit negative in the way you use the word fuzzy speaks volumes about being unable to get past the "it's only important if it's easy to measure" mentality.
  22. They just wont stop....

    What do you expect when low post count members on say that they gave up and bought into a bubble, keeping the high prices afloat. Surely a major backlash is to be expected. By buying within the past 5 years you are greatly contributing to the madness of it all, fuelling the fire of asset bubble increases, thank you for all your contributions everyone. Impressive that GeordieAndy doesn't believe in property speculation yet timed the market perfectly not once but THREE times within 10 years. The last place I'd be as a recent home owner would be this forum, unless I was looking for some kind of validation/justification for the biggest desperate gamble of my life, when everything else in the economy is turning to...
  23. They just wont stop....

    This is part of the problem. No politician is scared into action- they know the worst they will get is people moaning
  24. They just wont stop....

    We're all on hpc because we don't trust tptb and don't believe in the system of debt slavery, but moving abroad can concrete those feelings. It's great to see that not everywhere screws over it's young people.
  25. Oh I see, you are relying on that old parallel universe chestnut. Desperate times indeed. The very definition of clutching at straws. You could join the rest of us and be less obtuse - but that's probably not you style. .
  26. If the EU does not falls apart, what will be the one potential outcome in the near future?
  1. Load more activity