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deflation

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Posts posted by deflation

  1. http://news.sky.com/story/1436932/political-parties-wake-up-to-housing-crisis

    My comment, lets see if it is posted:

    "Yeah right, if they were that bothered they'd have let prices continue collapsing in 2007 instead we got....Q.E. HTB1, HTB2, (HTB3 as of yest ) , FLS, State backed sub-prime lending, mass immigration, ultra low interest rates, support of foreign buyers/investors unconditional support of the banking system and mass pro house price propaganda.

    To try and pretend they will do something about this two months BEFORE an election is a slap in the face for every hard working decent young person or familly in the country.

    The bankers have robbed us blind and the government have been loading up the van for them.

    I am ashamed to have voted tory at the last election, ashamed."

    It's there word for word.

    Along with a lot of other similar posts too!

  2. so £1000 a week based on 9hr a day 7 days a week is about right. I was just looking and a good brickie 600 bricks a day 60 bricks per meter squared. sounds cheap when you think of the value of the house he is building. I would happily pay £200 to have 10 square meters of brick work.

    Those jobs are all 5 days per week. Still talking £800 p.w. gross! If those builders in London are self employed (if they really exist), they can of course work what hours they want (no working time directive for SE I think) but they're not supposed to be paid by the hour.

    There was a lot of abuse of the National Insurance / tax rules in the building industry. Registering as SE and then turning up to work on the same site for years with the same firm. A lot of it has been stopped but I bet there's still lots of cash-in-hand bricklaying going on.

  3. Yes, I heard Osborne say this. And I'm sure you're right. I just hope a few of those buyers turn around and tell the estate agent to go and **** themselves, and that they've decided not to bother after all. Slim hope, I guess.

    I was thinking more about the shyster solicitors who will tell the buyers that stamp duty is X under the old rules ('cos you've exchanged innit) , pay the government Y and pocket the difference. Most mortgage fraud required complicit solicitors and I trust them even less than EAs or used car salesmen.

  4. I actually think this is about time. I reckon it will reduce amount that sell for exactly £125k or £250k and the fraudulent 'fixtures and fittings for £5k' guff.

    Buying a house for £128k (which one sold for near me last year!) will now cost £60 in stamp duty instead of £1280. At the lower end, it will help but I doubt the overall effect will be huge. As said before, outbidding each other by thousands to 'save' few hundred is pointless.

  5. I've used Aldi and Lidl for years so felt a bit miffed at their quick rise. Almost like everybody else had discovered my favourite Indy band. Recently though, Lidl have set aside a lot of their freezer space for their 'connossieur' i.e. pricey, range of foods. A mistake IMHO.

    Both Lidl and Aldi have large non-food ranges like wellies, doormats, power tools and so on which dominate the retail space in the shops near me. Now ful of cheap European booze for Christmas that will go well.

    As above, some meat products are lacking. The Aldi frozen chicken breasts are truly shocking. Lidl often had discounts on their fresh meat at weekends which I indulge in.

  6. "Why are more people buying abroad"? Because they've been indoctrinated in the belief that they are nothing unless they are property owners and abroad is all they can afford.

    Here, in Southern Spain, property is easily affordable but no one wants to buy because although it is worth half what it was a few years ago, prices are still falling. The apartment we rent for €500 per month, with heated pool and overlooking the marina and beach, was offered to us for €130K three years ago, this year we could buy it for about €90K. six or seven years ago they were changing hands for about €250K, but why would we want to buy when we can rent for not much more than the owner has to pay in community charges?

    Just had a week in Spain, the Alicante region. Despite the fact that there are hundreds if not thousands of empty apartments for sale starting at €40k - €50k, they are building new ones across the road from urbanizations and people are buying them, at €80k plus. Apart from the change in style from trad. Spanish / Moorish to more austere cubist / Scandinavian with straight lines, I don't get it. It can't be just 'coz they're better built; can it?

    From the local press:

    20141105_181523-1.jpg

  7. Not seend this posted anywhere yet, someone actually getting a hefty sentence. Bank employees involved too.

    "A former Virgin Atlantic pilot has been jailed for 14 years for committing a £30m mortgage fraud in Berkshire.

    Mark Entwistle, 47, of Kensington, west London, recruited corrupt solicitors and accountants to approve his loan applications while he pretended to be a property developer based in Windsor."

    Full article here:

    http://www.bbc.co.uk/news/uk-england-berkshire-29605167

  8. Right next to the "buy by phone" ex-policewoman's house.

    £25k but you aren't allowed to sleep in it.

    It's in great nick so it's not as though they stopped maintaining it.

    If you buy it, why can't you sleep in it? Is it the H & S busybodies stopping you?

    If it stays in one piece for 2 years, you're probably quits on renting round there. May even get the council tax waived on grounds of unreasonable 'distress.' :blink:

  9. Released at 9:30:

    "UK retail sales rose 2.1% in May from the month before, official figures show, beating expectations."

    (Expected to be 0.8%) http://www.bbc.co.uk/news/business-22982319

    "UK mortgage lending surged to its highest monthly level since October 2008 in May, with activity even surprising lenders."

    http://www.bbc.co.uk/news/business-22984982

    Yet, the FTSE drops even more. now down 2.1%. Oil down. £ up v the €.

    I don't get it. Something else amiss.

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