monks
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Posts posted by monks
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of course it isn't - a household (ie presumeably one with kids) could make more than that on benefits
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I make it sales were covering about 40% of their running costs? Even before their sales dropped they were losing shedloads.
Here, I'll make a bet. £10 says when the details come out, the high rent/mortgage costs for the clubs is what put them out of business.
Combined with the fact kids aren't buying bottles of beer at £3.80 a pop when they are high as a kite on a £10 bag of internet sourced Meaow Meaow
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DIS CO-uldn't go on for ever.
The bubble imploded when all the phoney "funky house" clubbers more interested in designer labels, drugs, fighting etc, arived on the scene. Everything (the venues, the music, the dj's) was diluted to the point of crap - they took an Armani store and turned it into TK Maxx.
It will be back, of that I'm certain.
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I work in the construction industry. Universities are currently spending money like its going out of fashion - their ambitious building programmes have seen halls of residence, sports facilities, libraries, & theatres being tendered non-stop over the last few years (even now, they are still one of our key markets).
Another friend in construction has seen student accomodation rocket - becoming more and more high spec. Anyone who went to Uni 20 years ago would not recognise the current student house / flat. Gone are the drafty rooms and stained carpets and in come gyms, housekeeping / laundry services, flatscreen satellite tvs.
Rents of £120 a week are not uncommon. £157 a week for a 1 apartment in Nottingham with Mansion Group...
Throw in living expenses, tution fees, course materials, & travel etc, and this lifestyle would be unsustainable for most on a normal wage, let alone students.
The whole bubble is about to burst in spectacular fashion
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British media this morning reporting his death, and possible execution, as if it was a breach of the mans "human rights".
Get the impression they would be clammering for a public inquiry and full compensation for his surviving relatives if it was closer to home! Unbelievable!
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They also serve a very nice rabbit curry, but one time it honestly took an hour to cook it. I was hardly hungry by the time it arrived.
The alarm system at the pet store in Timperley can take a while to bypass in the dark !
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A HUGE point that they missed (linking both young and old stories together) is that with the wild increases in prices over the last 15 years or so, two important things happened:
1) Baby boomers saw their house turn into a massive investment that was growing beyond their wildest dreams. Instead of becoming a burden to heat, light, insure, maintain etc, it was a cash cow to be milked at will.
2) The young saw houses pushed beyond reach. Even if (as the programme suggested) the old were to "up sticks and leave", very few young families would be able to buy the property off them at todays market rates.
Now, imagine HPI had never happened:
1) Baby boomers whose children have left home are suddenly left in an asset that hasn't grown in real terms for years (if anything is falling slightly) and are also burdened with energy bills, large council tax demands, & maintenance costs. It is now IN THEIR INTEREST to downsize.
2) Young families can afford to buy properties suitable for family life, leaving smaller "starter" homes for the 65+ bracket.
Hardly surprising that no-one saw this simple logic
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I assume you are referring to Juniper ? Didn't this lose its star when the chef Paul Kitching n left for pastures new ? Not even sure it's still open..
The curry house, Dilli, claimed to have a star when it first opened, but it has since retracted that piece of advertising...
Decent enough curry, but they served a jug of water to us one night that had a bird poo in the bottom. God knows how / what / where that had happened...
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Perhaps they have heard a couple of numpties are on the London house prowl...
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Your own trapped Chilean miner experience starting from £290,000 for a 1 bed studio hole
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Everywhere you go in the UK - there is simply LOADS and LOADS of commercial property To Let or For Sale. And much of it has been sitting empty for months - and YEARS. This has being going on for a VERY long time actually.
How long can the landlords afford to watch their investments rot? Surely the costs for even an empty unit must be significant - rates, insurances, background heating & service connections etc - and I'm assuming any loan secured on the property has already been paid off !
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I am in a similar, if slightly further advanced situation. I bought a property that is partially underpinned - however this was not discovered by my Homebuyers survey, even though I have since discovered all you need to do is ring the Building Control dept at your local Council. More and more houses are being underpinned and whereas once it was a real "no go", there are huge amounts of housing stock that have had the work done - especially in the south. You need to ask:
what was the original problem, and could this issue return? Underpinning from a leaky victorian drain is very different from poor foundation design etc
was the work done correctly with the correct Building Control approvals etc?
has there been any sign of movement since (1980 was a LONG time ago)?
can you live with slightly inflated building insurance costs?
In some areas of the south, you will struggle to sell your property if it HASN'T been underpinned, as insurance companies know it will need it in the near future...
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If there were only 1000 protesters, then it doesnt seem like that much big news out of a country of 300 million.
They shut down Brooklyn Bridge, one of the most iconic American landmarks you can get, in probably the most famous city in the world.
It makes the national news here if 6 smelly students protest outside a power plant you have never heard of.
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Being discussed on Jeremy Vine - Bob Crow claims tube drivers did not cause the huge economic mess we are in (ignoring inflation busting pay rises and gold plated pension liabilities). Also being a tube driver is more complicated than flying an Airbus A380 as there are more passengers on the plane...
George Galloway getting hot under the collar when someone suggests we use "driverless trains". Great listen.
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Always remember:
The UK boom was due to Gordons prudence.
The worldwide bust started in America.
Gordons bailout saved us all from falling back to the Stone Age.
The Tory cuts are now "too fast, and too deep" for the fragile economy - copyright Ed Balls 2011
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It is a grossly unflattering film that shows estate agents as their many detractors would imagine them – as obnoxious, sleazy, unprincipled louts.
Apparently highlighted some of their bad points as well.
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Someone posted a sandwich board advert the other day on here that they saw in Warrington, Cheshire if I remember correctly! Why doesnt he just reduce the price to a level someone can actually afford and he would sell it in no time?
Let's get a gallery thread going with the increasingly desperate measures employed to sell a house.
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+1. Last year's tree is thriving in a pot outside, ready for re-use.
Great idea. I always struggle to find a decent tree near us for less than £45. Most that I picked up (and put down again immediately) last year had £60 written on the label.
Having said that, other punters couldn't get enough of them... there was a traffic jam to get into the Delamere Forest shop...
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There is no brand loyalty to these sites. Anyone with any sense just uses Kelkoo or similar to quickly find the cheapest product. If I found a blu-ray I wanted for £1 cheaper on a site I had never used before, I would buy it. (As I did with "The social network" from mymemory.co.uk the other day). In that sense, they are almost worthless as businesses.
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It's not 0% or zero... it's STATIC GROWTH !
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I dont know why but i really would like to punch danny alexander in the face really hard.
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What is the average salary?
Here we go again with that nonsense question. This is meaningless, as thanks to tax credits, living / child / housing / disability / pension / medical benefits, everyone between about £20K to £50K is roughly on the same monthly net income give or take a couple of hundred quid. Also, the "higher" earners are more likley to be paying into a monthly pension (fat lot of good that's doing at present, and they'll never see the benefit of the savings), again bringing the totals closer.
Then of course you have the people who earn £25K a year cash in hand. Again, roughly the same as someone earning £41k PAYE.
I allegedly earn twice this national average, and yet when I take the kids to a fun fair, all I see are tattooed chavs throwing money around like no tomorrow on rides at £3 a go. Half of them don't even look employable, let alone on an AVERAGE wage.
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Can't be that he needs the money... between him and the missus they are well clear of billionaire status
Must be that his canny financial advisors have warned of more bad news on the US housing front.
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I think someone should stencil in at the bottom "(Swingers party every Saturday)"
Very, very funny, and if I lived near it I would be doing that right now
Latest Cause Of Hpc... Ali G!
in House prices and the economy
Posted · Edited by monks
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