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About 24gray24
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Argentines are saying goodbye to their Central Bank
24gray24 replied to Warlord's topic in House prices and the economy
Silver? -
Public sector contracts have become euphemisms for doubling costs and longing out the work. And the reason is very simple. The english government expects contractors to work without bonuses for getting the work done on time. So they long it out which doubles the costs. The civil service doesn't know how to build anything. They just penny pinch and think they're doing a great job, without realising that time is money.
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Jeremy Hunt to quit as MP next election.
24gray24 replied to Trampa501's topic in House prices and the economy
No one else would pay them. Who would see any value in a man who said no more boom and bust and then gave a bust? And who would pay money to someone who sold the commonwealth down the river ? -
Why has Britain become so poor? - The Times
24gray24 replied to Up the spout's topic in House prices and the economy
You seem to be arguing for more government borrowing. I don't think there's going to be much, no matter which party is elected. -
Where is Starmer going to find the money
24gray24 replied to NoHPCinTheUK's topic in House prices and the economy
Once you realise that the tories have been letting in 1m a year, and that neither party are going to stop doing it, you realise that the real trajectory is... The return of teeming slums, complete with slumlords, and achieving growth that way. We can all see the tales they tell us to the contrary are just impossible lies, so that only leaves us with the above. The only thing we don't know is what colourful lies they will tell us to get us to swallow it. If we don't believe the first lot, they'll come up with some more. And none of them are intended to change the real trajectory. They're only intended to get us to swallow it. The only thing they're really worried about is losing control. (And they've got the police, newly ivented laws, and if necessary the army to deal with that. ) So they'll just smile politely, tell you a few more lies you want to hear, and know you can't do anything to stop them. -
If it takes 4 months to get ready, and prices are falling, it's inevitable that it's marked down somewhere along the way. The only alternative is for 10 possible buyers to have 9 of them waste money on surveys etc and then 9 not get it. So I doubt things will change. I suppose the seller could pay for surveys etc to cut the time down to a month, but they won't want to do that. They'd have to be forced. (And then could you trust the survey?)
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Cutting interest rates makes inflation go up further and faster. The BOE is doing the opposite.
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Krustie Allsopp on LBC next
24gray24 replied to Smiley George's topic in House prices and the economy
Isn't she one of those inherited wealth types, talking down to the working man? She looks Norman. -
A ruined, unemployable, good for nothing generation
24gray24 replied to athom's topic in House prices and the economy
The old always disapprove of the young. But strangely, they forget how they viewed their own parents when they were young. If you jog their memories, turns out their parents had values which wouldn't work at all a generation later, and they wrote them off for it. . And they were old and tired, which the young aren't. So let the young have their fun. They'll be old and tired themselves soon enough. And out of date with what works and what doesn't. -
Yields Crumbling as rate cuts priced in
24gray24 replied to Stewy's topic in House prices and the economy
Stewy isn't all bad. People who are going to food banks are willing to make a full time job of getting something for nothing. The country is full of them. This is definitely the take off of inflation- look at oil climbing and everything costs oil, even bananas need to be transported. So we've inflation entrenched and rising. A government that is living beyond its means, and increasing the debt to paper over it, and a population looking at 30% increases in their food budget and mortgages. So the government keeps printing money, inflation goes to 20%, and lo and behold, house prices at these levels seem quite affordable in a few years time. Isn't that the stewy argument? -
What is a considered a good location to buy a property
24gray24 replied to shlomo's topic in House prices and the economy
It changes with age. I wouldn't underestimate the future local economy either, that's probably the biggest factor. Eg manufacturing towns or pit towns in late 1970's? They sank to zero when the economy disappeared. And vica versa. Off M25 areas boomed with 80's big bang banking and globalisation London. So.. what's going to boom over next 30 years? Manufacturing towns I'd guess, near a big port. Possibly. -
That's probably because the seller has set the reserve price at top prices. That has stopped the auctioneer putting a lowish guide price on to attract bidders. Seller wants a quick sale with no risk. They'll find that it's not a quick sale if it doesnt sell at all. (Then it's relisted with a conventional estate agent for peak prices. Because it has to be the formats fault, not the price)