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House Price Crash Forum


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About NuBrit

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  1. I don't see how ordinary families on a low wage are able to manage. The cost of fuel for your car, oil, gas, and electric is bad enough. It's all the other extra inflation on top of that. Milk in my local shop has went from £1.10 to £1.40, standard sliced pan from £1 to £1.20. I personally am lucky enough to be afford these cost of living increases, plenty more are not so lucky. I don't understand why there isn't more widespread public anger.
  2. Martin Lews is apparently the most worried he's ever been for the poor. https://www.telegraph.co.uk/news/2022/04/09/martin-lewis-people-cant-afford-food-get-angry-civil-unrest/
  3. The tories have always been about socialism for pensioners and property owners, it's the rest of us that have to suffer and prop up this largesse.
  4. https://www.mylondon.news/news/property/londons-smallest-flat-up-sale-23002109 Bidding expected to be hotly contested as well!
  5. English people by and large are servile when it comes to having a ruling class. This is why you have a monarchy which has an approval level that is through the roof. It's why so many of our recent prime ministers belong to the Eton/Oxford club. The sleaze and corruption drops down from the highest levels, prominent politicians and business men are beyond reproach. It's crazy because for the other 99% of people in this country, there is no privilege. You want success in education/business/life, you are on your own and you graft for it.
  6. What's interesting is that guidance of forward rates has went from 6% to 7%. Inflation is expected to get worse before it gets better.
  7. Can you imagine someone starting a political party whose core principle is abolishing the NHS? I think if you spent a billion pounds funding such a project, you would still not win a single seat.
  8. Is selling crypto to get into BTL really a thing? Most of the people I know who hold crypto are waiting for much higher prices before they consider selling.
  9. A colleague of mine was desperate to get a new Range Rover. He was told there's a wait time until 2023 (!) to get one. Instead of waiting, he bought a used model that's a year old for more than the price to get it new (!!!!!!). Talking about doubling down on the lunacy.
  10. Are they though? If you are one of those prudent savers, you're getting about 1% interest on your savings. The BoE official inflation figure is at 4.2%. Even if you use the understated official figure, you're losing a huge 3.2% of your purchasing power every year. The Pound has been relegated to something that's not much better than an emerging market currency like the Turkish Lira or the Argentine Peso. Debt is so high and growth is so fragile, the government and central bank don't dare raise rates in fear of damaging the economy. The result is runaway inflation and a rapidly devaluating Pound.
  11. I think that was my point, no? Demand for social housing is already overwhelming supply, just imagine what it'll be like when we've got all these extra pensioners who are no longer working and will no longer be able to afford higher private market rents.
  12. Yep. In 30 years time, there'll be 100,000's of renters hitting pension age with small/private pensions. They will not be able to afford to rent in the private market, it's going to cost the taxpayer billions every year to support them.
  13. +1 Evergrande is probably the weakest link in the chain, the Chinese property equivalent of our Northern Rock. The question now is what other domino's are going to fall next. If Evergrande is an isolated event, the Chinese will probably be able to bail them out and stop the spread of contagion to the wider economy. If it turns out there are more failing property companies, then all bets are off. If a number of Chinese property companies all go bust at the same time, it's going to have the second order effect of possibly putting the Chinese banking sector in trouble. If the Chinese banking sector is in trouble, then the crisis has the potential to go global. Which western firms are most exposed?
  14. Anyone coming to get fuel with a boot load of jerry cans should be turned away, disgusting behaviour that is only making something that should be a minor blip into a crisis. We saw the same thing with the bog roll earlier this year, absolutely no need for this stockpiling nonsense.
  15. Thanks for posting this. I literally had no clue that if you earned over £50k a year, child benefit would taper off until you lose it all after £60k. I was over the £50k limit last year even after pension contributions, looks like I am going to have to pony up! This tax is a real kick in the balls. I really don't like the idea of giving up £2k a year in child benefit, especially given I'd need to earn an extra £4k to replace it! I think I am going to seriously have to look into upping my contributions to my pension via salary sacrifice. It's probably no harm to be saving more into my pension anyway, given how much more tax efficient it is.
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