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THE L4 KID

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About THE L4 KID

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  1. Because 8 years ago he was making this I guess: http://en.wikipedia.org/wiki/The_Power_of_Nightmares
  2. I'm bumping this because I don't think anyone has spotted my post above and I do think it's worth noting.
  3. Just wondering if anyone has seen the short (paragraph) interview with Adam Curtis in this week's Radio Times? Apparently his next documentary is going to be all about property - property porn, Liar Loans, the bubble in the housing market, the whole shebang! I'd say I can't wait to see this documentary, but the chances of it ever being aired are very low I suspect, in fact I wouldn't be surprised if Curtis was found dead in mysterious circumstances sometime soon....
  4. I nearly put my foot through the telly when I heard that this morning (but for the fact it would have involved getting out of bed!). Is he talking about an Interest only variable rate mortgage with a 25% deposit? That's the only way I can possibly think this would be the case! In my own experience the Mrs and I are about to move into a rented 3 bed semi at a cost of £695pcm as opposed to the almost £950pcm it would cost to buy the same place so I really can't see where this guys getting his figures. And then the EA guy went on to say "Friends sharing homes like this were really big in the late 80's and they now seem to be making a comeback" - yes and what happened after the late 80's......?
  5. Was going to start a new thread, but can't so I'll post this here. Jeremy Vine show on R2 now talking about pros and cons of inflation. Very good woman "expert" was explaining why lower house prices are a good thing. Should be on listen again later if you miss it.
  6. Because it allows journalists time to think of some interesting/relevant/tough questions to ask when said minister makes the announcement.... Except they never do.
  7. I agree Jeremy you shouldn't read too much into yesterdays figures - Not if you want to see where HPs are headed anyway (like driving a car by looking only in the rear view mirror. More important are the falling mortgage approvals and the spectre of mass unemployment on the horizon. You'll excuse me if I don't buy a house just yet...
  8. I've e-mailed. But I doubt they'll read many of our e-mails out. They don't want the sheeple to hear the truth about high housing costs! Expect this to be VI propaganda of the highest order.
  9. So in short we're still on for a train wreck, which is my understanding also, but I can't understand why bbc were reporting this as good news this morning....
  10. Sorry to be dense here, I know I'm not a financial expert but if I made an investment of £850 (£850 billion being the cost of bailing the banks out) and after 7 years I get £30 back (£30 billion being the sum they're talking about recouping from the banks), meanwhile the person I borrowed the £850 from is getting ready to kick my front door in and repo all my stuff and I can't afford to eat - how is that optimistic news? Especially, as most on here seem to agree, the return is a shakey one at the moment with no guarantee it will carry on as it is. Am I missing something? Simple replies much appreciated!
  11. Being honest, I don't know. As always I'm here to try and educate myself from people who seem to have a better grip of the situation than myself. I'm just asking the questions that occur to me. So what your saying is that the banks won't raise their variable rate mortgages if the BOE puts the base rate up? Not picking a fight, but it strikes me that the greedy banks who have quite blatantly shown that they're only interested in the short term profit, would jump at the chance to raise mortgage rates, using the BOE decision as their excuse, even if it has no real bearing on their own interest rates. Am I wrong?
  12. These are the same arguments that have been used for the last 10 years. In 2005 they cut when they should have at least held (if not raised) the rates and have since admitted that this was the wrong course of action and (as a lot of people on here predicted at the time) actually contributed to getting us to where we are today! As I say why not raise in the short term and then cut again if/when it becomes a problem in order to combat the current problem which is inflation?
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