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rettah

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Posts posted by rettah

  1. 1. Stamp duty holiday

    but they'll have to replace the tax lost with some other tax so little benefit

    2. Re-introduce MIRAS

    Yes. and pay for it by ending tax relief on second properties. (bye, bye BTL)

    3. Curb unreasonable demands

    So interest rates will have to be more to compensate so no benefit. In fact probably worse as monthly payments will be more.

    4. Reform the safety net for borrowers

    Great. May as well remorgage and by an aston martin.

    5. Scrap Home Information Packs (HIPs)

    Yes.

  2. IMO the FSA are partly correct. We are entering a new phase in the collapse of the miracle economy. But not the third. IMO its the 2nd. Credit crunch and then the collapse in the wider economy. Stage 3 is massive job losses--that will have to wait until the chill of the winter winds begin in late Autumn.

    Good today isn't it?

    How can anyone think that massive job losses is good news? OK, the economy was based on a massive bubble in the housing market but a lot of the people who will suffer as a consequence will have had nothing to do with it's creation. If anything this is incredibly bad news. A bit of humility wouldn't go amiss on these boards occasionally.

  3. Friend selling a 2 bed in hertford accepted an offer last week only £2k less than ask and the same price as similar places sold for july/aug last year. The buyer had an agreed mortgage offer that was due to expire in a month so was desperate to buy. Pleased for my friend who is now going to rent for a year or two.

    There are still some mugs out there paying last years prices. :lol::lol::lol:

    Buyer pulled out............

  4. If you look at the long term graphs for zinc, lead and nickle they are remarkably similar. The spike was caused by demand outstripping supply as new mines took time to come on stream and speculators piled in. Zinc has now dropped to a level where some mines are closing as they are no longer economic. There was forecast to be a surplus of zinc this year and next before going into deficit again. Once this occurs the price will again rise. Yes there is speculation but the price is also demand driven.

  5. Yeah, disaster for China. Growth of 10.1% against a target of 8%. They actually want their growth to slow to take the pressure off of prices and currency.

    Retail sales rose 23 percent in June from a year earlier, the fastest pace since at least 1999.

    "They can keep the economy growing at 10 percent even if there is a sharp slowdown elsewhere in the world,'' said Julian Jessop, an economist with Capital Economics Ltd. in London, citing the government's ability to boost spending.

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