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House Price Crash Forum


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Everything posted by Freeholder

  1. I voted yes but I got my degree, in Estate Management, from a polytechnic having been thrown out of a University.
  2. There must be something somewhere on Reddit. I echo your comments above. Rules are rules and they were broken.
  3. Labour MP Vernon Coaker said "But we're proud of what we did. We kept our deposit which some people said we were going to lose." Nothing like setting an achievable objective.
  4. Because the ECB would threaten to stop providing their banks with liquidity. Same as happened with Greece leading to the big Syriza climbdown.
  5. City Link managed to break a steel safe being delivered to a friend of mine. Not the only improbable breakage I have heard of by them. I have long had a policy of not buying anything to be delivered by them. Now I don't have to check for that my on line purchasing is a little bit easier.
  6. This one wasted £2.7 billion http://www.taxpayersalliance.com/waste/2011/08/system-failure-11-billion-nhs-system-finally-abandoned-slamming-high-bill-taxpayers.html
  7. A quick google finds this http://www.huntspost.co.uk/news/latest-news/under_fire_regional_control_centres_for_fire_service_1_1028258 apparrently a c0ck up from day one courtesy of that oaf Prescott.
  8. Italian government 10 year bonds are yielding 2.82% when the dogs in the street know the Italian government is broke. http://www.bloomberg.com/quote/GBTPGR10:IND
  9. I think the situation would have changed a lot between 1970 and 1979.
  10. As a child in the 1960s my wife lived in a house with an outside WC and no bathroom. My first house was a Victorian terrace. The bathroom in it dated from the 1970s. An elderly neighbour told me a lot of bathroom conversions/additions were done about that time.
  11. Quote The Telegraph has previously revealed how LPPL has paid no tax since 2003 despite collecting millions of pounds in revenues, after declaring successive losses Does anyone know how this was achieved?
  12. According to the Economist graph houses now cost about two and a half times as much in real terms as they did when I bought my first house. I recall I borrowed less than three times my salary. My wife was earning as well. We had enough money to live rather than just get by. Pure luck on my part of course and I would love to see todays young people be as lucky as I was. We seem however to be cursed with one government after another too demented to see this simple truth.
  13. I'm not saying that there is no problem. Just pointing out that it is part of an ongoing process not a new phenomenon.
  14. This has already been happening for a long time. Just thinking about offices I have worked in the reduction in skilled and unskilled clerical staff is huge. I used to be employed making alterations to engineering drawings, now those changes are made on a computer in a fraction of the time and to a better standard. In another job if I needed a document from our system I phoned a clerk who retrieved it and brought it to me. I wrote letters in longhand which a clerk took to a typist. A specialist clerk was employed just to look after the filing system. A trained man operated the dyeline printing machine. All these jobs are now replaced by technology. It has not caused the end of the world.
  15. After a boom there is a crash. A sufficiently determined government can delay the inevitable, perhaps for a long time, but the crash will come.
  16. It baffles me how so many of my generation can be this ignorant. I can remember what I was earning at the time and what I paid for my first house. I know that relative to todays prices and wages my house was very cheap. I tell the young people in my family 'rent and let the landlord take the downside risk'. I feel for them though. I enjoyed buying my first house and setting up home with my first wife. I want them to feel as good as I did.
  17. Pleasing to see a BBC program on this subject that made a genuine attempt at balance. Makes a change from the usual VI [email protected] coming out of the television.
  18. I know a man who has worked in betting shops for decades. He tells me most of the shops now exist purely as sites for the machines and that their over the counter trade is negligable.
  19. “War is peace. Freedom is slavery. Ignorance is strength.” ― George Orwell, 1984
  20. This means that every year the value of a given unit of domestically produced goods or services becomes less valuable relative to the currency their debts are denominated in. It is like adding 2% to the interest they pay.
  21. The ECB is failing to avert deflation. Inflation is -1.12% in Greece on an annual basis. The monthly figures in S[pain and Italy have also gone negative. Euro area inflation is .7%. How long to wait for a minus number for the whole Euro area? http://www.inflation.eu/inflation-rates/cpi-inflation.aspx
  22. Just on the midday news. UNITE have caved and accepted the management plan in full.
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