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the don

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Everything posted by the don

  1. i am sorry to advise that as a low frequency poster but regular reader i have been dismayed by the deterioration of this sites management. goodbye and good luck to you all ( inc ttrtr and the trolls) the don
  2. the independent recently estimated that the true level of inflation is 4%- not the 2% rubbish that the mpc reports on its doctored inflation measures. i believe rates will peak between 6% and 7% in 18 months -2years. if the mpc dont raise to this rate then i think the bond market will recognise the onset of inflation and a depreciating curencey and gilts will rise. i was of the opinion recently that the mpc would keep rates down on browns instructions. howver, since the G8 sumit it looks as though central bankers are tightening in tandem g brown has also recently made some speeches where
  3. this thread was about whether laurejon has moved from the bull to the bear camp. he hasn't answered that and i used to think he was a bull, but his posts have in recent times been very bearish. i totally agree with laurejon's analysis of what labour is doing to the uk economy. do i believe that another party would do better? well, yes. the tories were spot on for most of the 1980s . they lost the plot a little with the lawson boom and the doomed erm entry. however, john major put the wagon back on the wheels. i thought at first that labour had taken the right approach. however, the
  4. i know tha area a lttle having lived in bexhill( well little common actually ) in the late 1980s, i moved there with my company . i bought a new 3 bed detached for £85,000. 12 months later i had to move again and my company bridged me. the house had increased to £125,000 in that time!! i moved and the house did not sell . after nearly 2 years on the market my company took a write down on the house. it sold for....£85,000. my view is that that part of east sussex is one of the lowest wealth areas in the south east. there are wealthy people who retire from london. the local industr
  5. saw an interesring technical analyisis on bloomberg yesterday. in summary the view was that gilts are on an upward trend and should hit 7.5%%n 2-3 years time. this will probably result in mortgage rates of > 8% IMHO this is only balancing out the last few years of very low IRS caused by japans zirp and the fidlling of inflation targets by gordon brown. i would think that 8% mortgage rates will be a killer for many who have bought property at ludicrous prices in the last couple of years.
  6. Do you mean the likes of Phil Spencer and Kirstie Allsop? or do you mean solicitors and surveyors?
  7. i think i know where everyone was today. went walking in snowdonia( mynydd mawr) ,came down about 2pm. drove through beddgelert. the place wa absolutely heaving. never ever seen so many people in this little village. and the sun was shining. ps for all those who live south of birmingham, snowdonia is in wales and has mountains
  8. this just staves off the day when they go to the wall. i will email dubya and suggest that when it goes bust, the US government invests say $20 bn and they get the Phoenix 4 ( from MG Rover) to run the new business until the cash runs out
  9. btb humble apologies i mis-read your post which i took that you did not find it interesting. the don
  10. btb i would be interested in knowing what you would find interesting. this is a hpcrash site with bears and bulls commenting on the situaation and trends. most rational people have concluded that the UK hpi is mainlya result of excess liquidity caused by readily available debt, people willing to take on debt and low interest rates. i think most of us here( bulls and bears) know that the ,most likely change in sentiment will be when the debt bubble bursts. this might be under its own wieght, but rising interest rates will accelerate it. rbs good work in identifying what is happening is an
  11. charlie what singles out bagehot for this prvilege. nearly all of us UK posters fall into teh same category( an employee of gb), either directly or indirectly. whilst i may have missed many postings why is bagehot being trolled. ?? the don
  12. I see that you hail from Blackpol, Homeless the north is finally seeing the slowdown that started 2 years ago in the south i am also involved in building ( and managment consultancy) heavsyside building material sales are pretty dire nationally we will shortly see if they pick up in line with the normal seasonal surge at easter, but i suspect not. i think the recession is currently confined to the private sector ( retail, manufacturing building and motor trade) and will only hit the public sector once the treasury starts cutting funds. the definition of a recession is when you know someo
  13. the numbers of mortages approved in jan & feb 2006 are a little lower than the approvals numbers of 2003. according to bba numbers in 2003 there were 914,000 approvals in 2004 830,000 and in 2005 there were 753,000 approvals this correlates with slowing activity. average amounts lent increased over that period from £84,000-£132,000 NO surprise there. the big question is whether we will return to 2003 volumes or will it stay at 2005 volumes or lower. my guess is that it will dropp if the investors get out, as these prices are unaffordable to many normal purchasers. http://www.bba.org.u
  14. pelican the mpc is not really independent. gordon brown appoints the 5 lay members and the bank officials will realise that the government will determine their careers. gb also sets the inflation target and the way it is calculated. this is why he has excluded housing costs. if these were really honest politicians and bankers they would target money supply growth rather than a bullsh1t number.
  15. pelican spot on riser( i think) produces graphs of MEW every quarter. if you look at the pattern this time it is the same as the last crash. mew has been dropping like a stone for sevarl quarters there may be slight upticks buit the drop in mew will take the guts out of our miracle economy. then they will find that we cant rebuild on the back of the exterminated manufacturing scetor.
  16. i saw a foxtons mini going over Beachy Head today with Foxtons estate agents inside. what a shame-there was 1 empty seat!
  17. baz 63 what i was suggesting was that we do the numbere.and not rely on them to be honest. if we find that their numbers are more or less ok- so be it. if we find otherwise we can track the market ourselves.
  18. as a non technical, the following may be unrealistic, but i am going to ask anyway, as there seems to be some IT whizzes on this forum with the brains to do it. is it possible to download Rightmove's database of properties on a given day and then perform some analysis ourselves, including a test of reasonableness of properties outside 95 % confidence limits? any takers?
  19. LOL or the news report today about irelands biggest aviation disaster. A 2 seater light aircraft crashed into a dublin cemetry this afternoon. Irish search and rescue teams have so far recovered over 240 bodies and will be digging throughout the night as they expect the death toll to rise further.
  20. no different to any commercial transaction. a sale only happens with a wiling buyer and a willing seller. the developers are professionals -they build and sell houses every day. you will buy a new house at most 3 or 4 times in your life-possibly only 1. negotiation is a game of poker. he who blinks first loses. when houses are in short supply you need to buy more than they need to sell it is the othe way round now. they will have a bottom line but may breach it if they are behind target.
  21. good suggestion why not offer £20000 less than the deal you have been offered as a ftb wth nothing to sell and your finances in place. be pepared to walk away and then expect them to call you to try and negotiate. be absolutely hard 4rsed and i will be amazed if you dont get your low ? offer accepted.
  22. enoch powell totally disagree tories are coing back strong. nu labours mis management of the economy will be their undoing. liberals- also rans your avatar namesake had the right policies. i dont mean the rivers of blood stuff which was overplayed. what i mean is his views on europe and on monetarism. well ahead of his time and the best prime minister we never had
  23. bear goggles i agree with selling off council houses to get people off a dependency culture. there however, has not been enough social housing built to keep up with demand. if enough houses( social and normaL) were being built and without the investor frenzy of recent years, there would be enough housing available for all. affordable to buy for those that want to buy and affordable to rent for those without the desire to buy . at the moment there is no choice for many. i agree thsa power ultimately corrupts many.
  24. i think this is the serious point. the tories were branded as only being interested in the midlde/ upper classes. i think that was incorrect because i believe that thatcherism was successful at improving the standards of the poorest, whilst having not fully turned around the problems from the socialisy 1970s. labour used to be for the working class, but these are the people who have gained least from browns economic miracle they have transferred millions from unemployment benefit to incapacity benefit or "schemes" that achieve nothing. the working classes now cannot afford to buy even des
  25. we are lucky to have tony bair as pm . remember how he promised to be whiter than white and end the tory sleaze? well in comparison the hamiltons story ref mohamed al fayed and various sex scandals now look quite tame. i think nu labour studied tory sleaze and decided that they would beat the bues at the sleaze game. mind you can you think of one promise tony has ever kept? trust me.. saddam hussein has wmd that can be deployed against brtitain in 45 minutes trust me gordon i will step aside soon and let you have the yellow jersey trust me our 3 priorites are .. education, education,
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