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blackhole

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Everything posted by blackhole

  1. To be fair Costa/Starbucks outside of the cities is still doing well. The customers have simply moved out a bit. It's a good thing in reality, the trains had serious overcapacity issues at peak prior. Ideal breading ground for any virus. No shocker that there's few on there now.
  2. To be fair this is normal moral hazard in action. I'm honestly not sure the gov can actually afford to keep this charade going any longer, hence the speculated tax raids.
  3. And the rest of the people who dont have BoMAD nor a tech level income? Oh wait they dont matter. Carry on.
  4. Doesn't mean the job is much more stressful though, especially if your actually any good at expectations management.
  5. I'd call it pacification tbh for a life not lived in many cases. Being a wage slave isn't living for most.
  6. A friend mentioned via a financial advisor a real case observation which happens often. One of his clients got a pay rise, and subsequently leased out a new car. The new car lease monthly's were greater than their post-tax pay rise. Client went back to finance advisor asking "why do I have less remaining than before my pay rise?" Financial illiterates everywhere you look.
  7. The "haves" wealth is trapped in the old pre-covid way of the world. Very few will make it out and preserve much of it in time IMHO. Especially as they keep artificially ramping up markets (both stocks, housing etc) - why would you give up the magic gains?
  8. I think many will adapt ultimately. I've been WFH extensively for years myself, and during the dark winters it was brilliant (avoided unreliable trains, less colds, shifted my day around so I did things during the daylight hours to keep sane). Try doing that with a commute.
  9. Just because something has broken fundementals, doesnt mean its simplistic. Many are saying this about the stock market (which lets face it, behaves in much the same way atm). It could simply mean the damn thing is rigged....
  10. I call them "anti-depressants" for working in London 🤣 What I find most interesting is the country that stayed open during all of this - Sweden - have openly told their population to continue working from home till at least the end of the year. Wonder why that is.
  11. Erm, central london rents are heading down right now due to the exodus. Already had a material impact. My point is, is there really a relationship between the ultra high net worth and the rest of civ? Hence strawman. Is there evidence showing a strong link between ultra-high-net type of purchasing and the rest? Not sure there is.
  12. Straw man surely? I mean, how dies this really impact the rest?
  13. Oh I agree, also I wasn't eating out nearly as much as when I was in the city.
  14. TBH that commuter spend often moves to their local area instead. For example I'm guilty of popping to my local high street and getting a nice lunch a few times a week. Sometimes just for the change in scene!
  15. Yep, add the tech spots of Poland and Ukraine to that list too (!).
  16. They tried that (outsourcing). For the highly skilled / core profit making, it often comes back. For the more generic roles.... digitisation will be their enemy, not offshoring. Which lets face it, with or without WFH is coming anyway.
  17. Parts + finance from flipping the car multiple times via 2nd hand market (which as Greg points out, is where the margin is). Back in 2019 it got so bad, that I ended up buying new with all the extended warranties and services for not much more than what I could find in the nearly used market. I wouldn't be surprised if its similar now.
  18. Indeed, on-going TCO nightmare otherwise. I'm currently in a professionally managed "build to rent" office conversion and quite frankly its dreamy in comparison to other accidental landlords I've had.
  19. My thoughts exactly. On a serious note, would there be any institutional investors willing to take this lot all off his hands? As others mentioned he's struggled to do it during "the good times".
  20. Yep many moving to cars where possible for transport, along with ofcourse a shutdown of we buy etc. I remember receiving posts from BMW fans crying (during early pandemic times) that they were underwater on their car loans. All good now.
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