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Posts posted by t1234

  1. If we were talking about countries with a similar standard of living and per capita gdp then I don't think free movement is such a big deal, the problem started when the EU expanded to let in 8 countries at the same time with much lower wages, it was inevitable that this would drive down wages in other countries, the fact is UK government openly encouraged this as it is good for business. They should have delayed the free movement from these countries until the EU money for infrastructure etc had increased the average wage in these countries. Greedy politicians are to blame, the same ones like Tony Blair who were the most vocal remainers.

  2. I have sympathy for those here that say free markets wouldn't have produced this system just like having sympathy for communists that say communism shouldn't produce stalin. Its happened so move on and accept it, people always corrupt any perfect system. Deregulation has caused this mess so what we need to resolve it is not more of the same deregulation and 'free markets' its massive market intervention to rebalance the economy. High taxation for the wealthy and corporations and massive import duties should they try and relocate. But just like we have heard from uk government they said will build houses in the last 20 years, nothing will be done in the economy as there are too many vested interests in finance and wealth as there are in real estate. 

  3. Interesting Telegraph article about affordability restrictions coming in for BTL. This bit shocked me though, 


    For example, someone with a £200,000 interest-only mortgage borrowing at  1.79 pc would have monthly mortgage payments of £299.

    However, as these repayments would rise to £917 if their rate of repayment interest rose to  5.5 per cent, they would need to prove they could charge rent of £1,146 a month to  be approved for the mortgage.

    Are people really still able to borrow £200,000 for £300 a month ? No wonder we have such crazy prices.




  4. 2 minutes ago, Northern Welsh Midlander said:

    So what happens if house prices go negative and offset the price inflation of everything else due to a crashing pound? They can keep interest rates low pointing out that inflation is perfectly within the target?

    Yes maintaining the inflation figure is the target regardless of real world inflation. Thats why house prices were taken out for so long when rising, now they will be used to counterbalance inflation due to weakening pound

  5. i had a nightmare once trying to get deposit back. Landlord constantly ignored all my written requests. As you can't enter DPS tribunal unless landlord agrees you have to take them to the small claims court referencing that they are refusing to cooperate by the DPS tribunal rules. One summoned then they will either go to the tribunal or go to court, in my case they went to tribunal and I was awarded 99% of deposit. If it goes to small claims it won't look good on landlord for ignoring requests to resolve the matter by tribunal which they will have already agreed to.

    good luck and dont' let the f*ckers get you down

  6. Years ago when Gordon Brown became prime minister he gave an interview in the guardian where he stated he eventually wanted to see a cashless society.

    I can remember it clearly as cashless society was one of the key components of the conspiracy theories of the time like the Zeitgeist film, part of the end game of full control of the masses.

    Social media, records of all your internet searches and emails, mobile phone records and cashless society.

    The only secret you'd have would be your own thoughts.

  7. Good thread, I have definitley benefited by not have the commitment of a mortgage which has let me take more risk both in going self employed and taking work overseas. However I long for a place that I can call my home, a base. My current plan is to buy my retirement place in France or Spain near the med and live/work out of there as much as I can because at least there you get some value for your money. In reality though I would buy in Greater London if I could get a house at any decent value. My work is in London and I am not willing to spend 4 hours a day travelling to work - I have tried it and its not for me. I have worked hard and earn by any standard a very good wage a top 1% apparently, after all this I can't seem to improve my lot - its very depressing so I don't dwell on it. If I had kids I would steer them away from this country.

  8. I really don't understand this pity the landlord nonsense. In the system we live in people can find themselves unable to pay all sorts of bills when they lose a job or become ill or get hit with a big unforeseen bill. If they are a mortgage payer they seem to get all sorts of sympathy from society, and the bank is always to blame for repossession yet a tenant is always portrayed as feckless when they struggle to meet payments, like the threat of being evicted and having to move house is some sort of jolly game to these tenants. The reality is rent or mortgage is a very big bill that will always be the first to be missed when the money stops coming in. Will live in a messed up society at the moment.

  9. Anger is growing over the return of the east coast mainline to private hands after it emerged that it had generated £1bn for UK taxpayers since 2009.

    The east coast mainline paid a record £235m back to the government in its final full year as a state-owned company, a 12% increase on the previous year. That means the franchise, run by Directly Operated Railways (DOR), has returned more than £1bn to the public purse over the past five years, sparking renewed calls for it to remain in public ownership.


    Some privitisation defied common sense like the trains and the utilities. I wonder how long before any party willing to have the courage to re-nationalise ? Can't see either Tory or Labour for the foreseeable future.

  10. HSBC announce change in policy

    However, following feedback, we are immediately updating guidance to our customer facing staff to reiterate that it is not mandatory for customers to provide documentary evidence for large cash withdrawals, and on its own, failure to show evidence is not a reason to refuse a withdrawal. We apologise to any customer who has been given incorrect information and inconvenienced.

    https://www.newsroom.hsbc.co.uk/articles/statement_on_large_cash_withdrMy link

  11. Tell us what 'balance' you would like to see.

    Here is a columnist from the Mail off to look at people on benefits, to her shock not all people are living it up on a constant 24 hour party .....

    And then I met Dee, 53, a widowed mother of four girls, and spent three days walking – to food banks and soup kitchens – in her shoes.

    She lives in a council house near Deptford Green, and had a minor stroke two years ago, but still wants to work as a seamstress. Only there is no call for seamstresses any more. My first instinct was to work out her finances. To see whether she could do more to help herself. And to check whether she was wasting our hard-earned money on luxuries. I scribbled down her income: widow’s allowance, child benefit, child tax credit. It came to £786pcm. And then I totted up her outgoings: rent, TV licence, gas, electric, water, children’s mobile top-ups (they were on free school meals) and her loan payment to Provident, which was her main weekly outgoing (she borrowed a grand, and has to pay back £1,890). They came to £662. After I subtracted one total from the other we established that it left £1 a day per person in the household (two of her daughters live at home).

    Putting a family like this on the program would have been balance.


  12. Looking at the original article, if you want to see what society would look like post welfare state you don't need to rely on imaginative theories you just look at history and see what life was like for the majority of people before welfare policies were introduced. The reality was society failed those who couldn't earn a decent wage, ie the disabled, the sick the elderly.

    Same with any calls of deregulation, first look at why it was bought in in the first place. Glass steagall being an obvious one.

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