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  1. I have some relatives who live in Frome so that is part of the reason for wanting to move down. Quite like this - Stoke St Mary with Ducks in a pond! http://www.rightmove.co.uk/property-for-sale/property-30112798.html?premiumA=true Or this (bit a drive into Bristol though) http://www.rightmove.co.uk/property-for-sale/property-31316794.html?premiumA=true Still not sure whether want to move down. Wife wants to spend £620K to buy a wreck with a nice garden near Guildford to do up. I am not sure I want to do that.
  2. If you had 600K or so to spend on a property and you had 2 school age kids what would you buy? Ideally within commuting distance of Bristol or somewhere with IT jobs. Would like a couple of acres or so to go with it
  3. It might not be a shit- hole but it certainly is overpriced. 3 Bed terraced house in Guildford for 650K !!!!!! http://www.rightmove.co.uk/property-for-sale/property-26865517.html
  4. Anyone in the Guildford area who wishes to talk on this tomorrow - Stoneleigh from the Automatic Earth will be discussing the Financial collapse at the Studio Rooms at the Guildford Institute on Monday June 7th at 8pm. http://www.theautomaticearth.blogspot.com/ http://theautomaticearth.blogspot.com/2009/06/june-17-2009-40-ways-to-lose-your.html One of her predictions is : Real estate prices are likely to fall by at least 90% on average (with local variation) Obviously that's for a US audience. We will see what she has to say about the UK audience.
  5. This is tomorrow folks so please come along http://www.guildford-institute.org.uk/index.htm
  6. Stoneleigh from the Automatic Earth: http://www.theautomaticearth.blogspot.com/ is talking in Guildford on Monday 7th June 8pm in the Studio Room of the Guildford Institute. Please come along. The message she gives is extremely deflationary , although she may modify this for our consumption. She is actually English, but has emigrated to Canada. Its free although she may ask for donations to cover her costs. A couple more examples of her work from that site: 40 ways to lose your future How to build a lifeboat
  7. I posted this very question on the automatic earth website - Ilargi responded as below: https://www.blogger.com/comment.g?blogID=4921988708619968880&postID=2721422421104786807 Argentina seems a good example for a sovereign default. Slums building around cities, that sort of thing. Would state employees still be paid? Not all, and not the same money. Both the number of workers and their nominal pay will fall, likely by a lot, many services will no longer be available. Would bank savings be nominally safe? I would doubt that. I think Argentina confiscated all dollar holdings and changed them to (new) peso's, and people could access just $100 a week (?!) Would National Savings deposits? Not very likely. Would daily life for most (working, shopping at the supermarket, etc) continue as usual? Much would disappear, food availability would suffer greatly. How would it affect inflation and interest rates? The general point is that, in effect, a new currency was launched in Argentina (greatly devalued). I'm sure that wiped out much in the way of savings deposits as well. If the new currency gives you a new pound for each old pound, but the new one is worth just 10% of the old one, much is lost. Inflation and interest could be very erratic initially, as in the first five years. But Argentina did all this in a world that otherwise largely functioned. Going forward, we may see a dozen countries failing at the same time. And it's a bit everybody's guess from there on in.
  8. I think you wrong. This time people will have so much free time on their hands that they will actually start growing something. Either that or starve. The problem for Tesco is that while in the first year people may actually buy the kit and seeds by the second and third years people will be growing their own from saved seed and sharing tools. The only real issue is how much of the produce from these allotments gets nicked. All the gear and no idea will necessarily go out of the window in the new austerity.
  9. Didn't do much for Woolworth's workers. Unless we impose tariffs on those countries without minimum wages then all we get is rising unemployment and a falling pound.
  10. Oil's definitely in a bubble. Before tax it must cost about 62 pence before to drive your average car 10 miles . I am sure if you didn't have oil we could get some polish guys to push your car 10 miles for 62 pence
  11. How long are you planning to have this investment for? If less than 3 years then I would leave it in the bank. Yes you can put it in your wife's name and she will only pay tax on it at the basic rate. It all depends on your risk tolerance. If more than 3 years then I would consider getting some expert advice - seach the discussion boards on www.fool.co.uk and also listen to the weekly podcasts from www.financialsense.com. And yes possibly some in gold. I wouldn't put it in some of the more exposed UK banks. Northern Rock might be an idea.
  12. The thing is that these figures are not mix adjusted and are not really on a large statistical base - so very volatile and pretty rubbish. Apparently Hackney was a big riser! And of course these are asking prices, so really not that relevant. Finally I am wondering whether the national figures are not a whole lot worse than London so maybe they wont be releasing them. Looking at Property Bee in Guildford I am seeing some massive falls for existing properties, so assuming new listings are also reduced I would be expecting around -3% per month about now. I still think we are going to see a > -3% monthly Haliwide figure at some stage this year - breaking the previous record.
  13. Then Phil returned August 2007 and found that they had sold the pub and the guy had become a ... .... ...... property developer. And showed his latest development. Which as of now is still for sale http://www.rightmove.co.uk/viewdetails-842...21&tr_t=buy
  14. Have been shorting Easyjet since just before Christmas through a spreadbet sell on www.finspreads.com. Be aware that short-term they may bounce. Also be aware that shorting any one stock can be problematic if there is a takeover - you can lose an awful lot. So I am also short RyanAir and BA. I tend to use shorts as a general market hedge to balance my longs (mainly on oil companies such as Soco, Dana, Tullow as well as Gold and Silver etc.) So for instance now I would be tempted to put in a sell if it bounces to 470. The advice I would give is not to get greedy - if you don't get that price then don't chase it down. And if you are doing spreadbetting this you have to start small - otherwise you can lose a tremendous amount of money (especially if leverage up). I don't do stop losses but do do limits i.e. bank profits if it gets to a certain level.
  15. true, but you do know you get £9000 a year tax free (or $18,000 if you hold jointly with your spouse). And then from next april you will have to pay all of 18% on the remainder. Hands up all of you in that situation? None? Thought so.
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