Take Me Back To London!
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Posts posted by Take Me Back To London!
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5 minutes ago, byron78 said:
Not sure he'll need to.
Boris helped bail Virgin's East Coast Mainline not long ago. Problem is, once you start bailing out individuals and companies that deliberately avoid UK tax, where do you stop?
Perhaps take it out the foreign aid budget?
I love the photo, byron 78.
I wished it was different but, corporate Branson would get bailed out just as much by Labour as he would by the Tories.
Here is Branson on the subject on political parties and business,
QuoteLabour and Tories same - Branson
There would be little difference for businesses between a Labour and Tory government, says Richard Branson.
Asked which party would be better for business, the Virgin tycoon said: "Arguably, it doesn't matter."
http://news.bbc.co.uk/1/hi/uk_politics/vote_2005/frontpage/4450641.stm
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50 minutes ago, crumblingcon said:
I remember fantastic youth clubs, summer school holiday clubs where volunteers had events everyday, softball, football etc, trips to London zoo or other London landmarks for very little money, it's weird because I look back and remember and advanced society and today with all our technology I see hardship and misery
+1
With a thin sterile, veneer of chrome, marble and plate glass.
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2 hours ago, micawber said:
Does anyone think that they wont need oil and gas for the next 20 years? Step back for the wider view.
A twenty year economic depression is possible. Things are never going to be the same again and that change has been brought about overnight. At the moment we can consider how profound those changes will be, which are dependent on how long the current enforced situation remains, which is without parallel, for example, the price of oil going to below zero. How long can the oil supply chain keep going without the risk of some permanent supply destruction?
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14 hours ago, byron78 said:
If he's given enough to us Tories over the years he'll get it.
Tax the nurses instead.
He could always put the squeeze on his old New Labour mate Tony Blair for some cash.
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13 hours ago, reddog said:
If he needs a commercial loan, why not just go to a bank?
As the bank also needs a bailout as well.
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8 minutes ago, Dorkins said:
Thanks, it's always good to hear these old anecdotes, they help to counteract the bias the human brain has of assuming that the way things are right now is fixed forever and couldn't possibly be otherwise. Asset price to wage ratios are very high right now, people assume that this is normal and will be forever thus but this is not true.
Back in the early 90s many people didn't want to want to touch property in London as it was seen as a money loser, even though in Zone 1 ex-local authority studio/small 1 bedders started from 35K, a nice 1 bed flat in a period house conversion or private block for £60-80 grand, a mews cottage in Belgravia would set you back £250K and Apple shares were 50p.
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28 minutes ago, Dorkins said:
This whole "nice houses in good areas will always hold their value better than less desirable stock" claim seems like thought-terminating cliched estate agent speak to me. Nice houses in good areas are mostly bought by people with more wealth or higher income, so if there is a drop in wealth/income inequality those houses will likely fall in price faster in percentage terms than the rest of the stock. Income and wealth inequality are very high right now and may well be due a large adjustment lasting decades just as happened after they peaked at the end of the 1920s.
It may seem like vomit inducing estate agent speak about nice houses holding their value better , which they have done in percentage terms, in the 1989-90 HPC, for example in London. However, those who bought or invested in cheaper, non prime London property at the bottom of the market made a far better percentage return, than those buying a "nice house".
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3 hours ago, Si1 said:
And then what if there's another smaller lockdown later in the year, perhaps geographically limited?
That is a very good point and very possible especially with London, for example. There are reports in the Italian press that the worse affected regions of Lombardy and Marche, both commercial and industrial areas, could be closed until the end of June, which would be 4 to 4.5 months of lockdown from start to finish.
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7 minutes ago, Saving For a Space Ship said:
Coronavirus outbreak will halt 520,000 UK house sales in 2020
That is a good find.
520,000 sales abandoned this year if restrictions are gradually lifted in June.
Foxtons in London has made a reasonable worst case scenario of things not being lifted until the end of August, which I think is what is going to happen.
QuoteOn Friday, London-based estate agency Foxtons said it had furloughed 750 employees as part of measures to protect the business against the slump.It said it had modelled “a reasonable worst-case scenario period of lockdown restrictions in London until the end of August 2020”, which result in revenues 78% lower than in the same period last year.
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13 hours ago, crumblingcon said:
We will get to the point where we are going to have to accept that some level of lives are worth risking with this virus for the well being of the majority, after all we do it anyway already. We have probably killed and injured more people in the last 80 years on British roads than WW1 AND WW2 combined. Me personally had many an argument with my wife with the risks we were willing to put our daughter through, in a world where you want them to be totally safe the only way to do that is put them in a padded room and never let them out , I have had my wife screaming at me once 200 feet below a climb "what the f*** are you doing with my daughter" as she watched me as I suspended our daughter over a cliff come ridge on a climb, I always tried to balance you have to take risks to live against I never want to see her hurt or worse
+1
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28 minutes ago, GregBowman said:
Just depends what flavour your take as your right wing rag ..?
Newspapers - Yes Prime Minister ?
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5 hours ago, MARTINX9 said:
Some valid points there take me back to London.
Of course the virus may come back with a vengeance in the autumn and winter - so they might as well at least let people make hay while the sun shines and let us enjoy June, July and August - and soak up all that vitamin D which is about as good a COVID-19 severe case deterrent as any available at present!
I agree we need to get out for the Summer for health reasons, as you highlight. Micheal Gove when asked today if hotels, pubs, restaurants can re-open before the Winter he could not say nor any date for anything.
https://www.bbc.co.uk/news/uk-52344560
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18 hours ago, MARTINX9 said:
Most of us have had a coronavirus before - several times a year in many cases. No vaccine yet for the common cold - or immunity from catching its multiple variants.
Maybe this virus will be the same - different variants on a theme continuing indefinitely?
But if there is no immunity and you can get reinfected then all we are in a whole different ballgame! Cos if you can't build up immunity then any vaccine if discovered probably isn't going to work!
Permanent lockdown then.
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21 minutes ago, Now or never said:
I prefer the term presstitutes.
Stole that one from Gerald Celente. If you've never watched Trends Journal on you tube, I recommend.
I like Gerald Celente as he is apolitical and sees through the political left vs right divide and rule game/good cop, bad cop routine.
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9 minutes ago, Saving For a Space Ship said:
They already did in areas of commercial property, so will likely get hammered now
Ruthless private equity firms gobble up property and wreak havoc on tenants' lives
Network Rail sells railway arches for £1.5bn to Blackstones - Housing Conversions ?
Thanks for those links and yes they will get hammered big time. I was thinking of someone like Amazon getting into the residential rental sector.
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On 18/04/2020 at 11:40, spacedin said:
They should make a TV programme about that, maybe call it 'homes under the hammer'.
Followed by Hammer House of Horror - The House That Bled to Death.
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32 minutes ago, Si1 said:
Govt has always defended property prices, for centuries, as witnessed by property being generally sticky on the downside valuation wise.
But also throughout history there have come occasions when the govt is simply out of ammo to defend the status quo.
Big corporations have muscled into so many parts of the economy directly or indirectly to push out or squeeze small businesses, what would be better than crashing the property market for the corporations to get into the rental market at rock bottom prices?
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13 hours ago, Twenty Something said:
London by and large will not crash, corona virus or not. It may see some short term difficulty, but not crash. I am aware that top end property has seen some trouble over the past few years, but ignoring the woes of the 0.1% Johnny Foreigner and his 500 million pound fortune, the top 1% of the country who make up large swathes of Putney, Wimbledon, Earlsfield etc just quite simply won't be troubled by a short term downturn.
I enjoyed reading your experiences and your opinions. Quality property in places like Wimbledon, Hampstead, Richmond, Belgravia etc. went down the most in £s in the 1989-90 HPC, but in percentage terms less than other classes of property. The worst affected properties were those with downsides due to their location (over kebab shops and busy roads etc.) and their general area, that had gone up more in percentage terms during the boom.
In my opinion, we are in something now unprecedented, far worse than 2008 and even 1989. There is a feeling of a phoney war at the moment, which I can appreciate, but the financial affects to so many livelihoods and the chain effect is going to be massive. There is talk about a second and further waves of COVID-19 and continuing restrictions of some sort having to remain until there is a vaccine. I am concerned this is not going to be over in just 3 months, given all the stats, then a start to return to business as usual, but it will be double that at best.
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1 hour ago, Si1 said:
Have we ever had a good home secretary?
QuoteOn Dec. 16, 1910, a robbery attempt was reported at a jewelry store in the Stepney district of East London.
When police arrived, they found a gang of men armed with pistols, who opened fire on the unarmed officers. Three policemen were killed and two seriously wounded. As the burglars fled, one was wounded by friendly fire, and later died.
The gang, led by a man called "Peter the Painter," were thought to be Latvian Anarchists hoping to use the stolen jewelry to fund their cause in Latvia.
On Jan. 2, an informant suggested that some of the gang members were hiding out in a house on Sidney Street.
Taking no chances, the police came with 200 heavily armed officers, overseen by none other than Home Secretary Winston Churchill. At dawn, a firefight began. With superior weaponry and a stockpile of ammunition, the gang was able to hold off the police for hours.
Marksmen from the Scots Guards were summoned, and Churchill (whose top hat received a bullet during battle) ordered the deployment of 13-pounder field artillery cannons.
Before the house could be shelled, a fire started. Churchill forbade the fire brigades from attempting to put out the blaze until the shooting stopped. Police waited, guns drawn, for the shooters to emerge, but they never did.
The bodies of Fritz Svaars and William Sokolow were found in the house, ending the Siege of Sidney Street, which was also called the Battle of Stepney in the sensational media accounts of the event.
“Peter the Painter,” if he ever existed, was never caught.
https://mashable.com/2016/02/01/siege-sidney-street/?europe=true
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8 hours ago, Snafu said:
I'm seeing people on my estate caring less about social distancing now. Neighbour had their parents over in the garden. People chatting to eachother from the street to the doors.
I think we will see increases as people grow bored. Idiots.
See what they doing in Romania when the police try to enforce the COVID lockdown.
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On 17/04/2020 at 08:24, Locke said:
Lol apparently all it takes for people to surrender their liberty is are NHS
Well, that is how they sneak these things in all wrapped under the guise of something else.
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I don't have a smartphone, so the NHSX thing is a non starter for me and I won't be getting a smartphone either. The NHSX is just more COVID-19 fear porn.
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6 hours ago, Saving For a Space Ship said:
European car sales slump by 55% amid COVID-19 lockdowns
(New car sales in UK plunge by 44% as coronavirus bites)
Lemmings learn nothing from VW dieselgate, if poisoning you & your kids will not stop brand loyaltl, what will. Welcome to Jones Town again
The figures you quote for new car registrations dropping in Spain by 69%, France 72% and Italy 85% in March is what we are going to see in the UK for April and May is going to be a wash out as well.
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2 hours ago, MARTINX9 said:
Or alternatively 'property snakes forced off the ladder'?
Escape to the country will get recommissioned anyway. Half the country will want to escape the big cities when this is ok - the Highlands and rural Ireland may well see a price boom as prices collapse in London, Edinburgh and Dublin!
I love the new programme title.?
Regarding the rural VS metropolitan property markets, who could not resist, for example, forking out £425K for a nice, one bed flat off the Old Kent Road, with splendid views of the neighbouring warehouse sheds, to spend the next Corona wave lockdown in.
https://www.rightmove.co.uk/property-for-sale/property-86593799.html
Richard Branson applies for £500million payday loan
in House prices and the economy
Posted
+1
Sounds like business as usual. Those at the top, who have the real power and influence get looked after and everyone else gets the crumbs. Just like the bailouts of Wall Street under Bush, Obama and now Trump.