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House Price Crash Forum


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About marlint

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  1. The issue is, that banks have yet to realise that they are now effectively IT businesses. More and more of us do more and more of our banking electronically, and if their job is to provide a reliable, resilient system. Everything else is a bonus.
  2. The answer to all of this is VAT rather than Sales tax (VAT is really a type of sales tax, but with the difference that you can claim back VAT on your input costs). Only problem is how to tax people selling 0% or VAT exempt stuff (e.g. food). Would probably just introduce a lower VAT band for this (say 5%). VAT is actually a pretty good tax. There's no point trying to avoid/evade paying it as a business (as you just claim it back on your inputs anyway), and its really tricky to avoid charging it to consumers (few loopholes- e.g Amazon shipping stuff from the Channel Islands, which should be easy to close)
  3. I'm fed up with all the government whining about tax avoidance. If they think its not right (and I agree in some cases it isn't) then it is up to them to change the rules. They set the tax rules, so if they're not happy, change them, rather than moaning at businesses for following them. Likewise people claiming its evasion rather than avoidance. Surprising how many accountancy experts pop up on here, who are clearly more knowledgable than the raft of accounants employed by multi-nationals to ensure they stay on the right side of the law.
  4. GPs are probably conveniently excluded from the figures as they're not NHS employees
  5. Agreed- only five or so years ago, a junior Dr would start on 35k ish and get free accomodation in the hospital.
  6. To be fair the article gives no idea of how many of those on over 100k are consultants, and how many are managers. It should not be surprising that a lot of consultants are on 100k+ - these are people at the top of their game, with responsibility for a large number of patients. 100k doesn't seem excessive when you compare with other professions (banker, lawyer, top accountant etc). It is also making up for the absurdly low levels of starting salaries for junior doctors- the basic starting salary for someone coming out of five+ years medical school is just £22,000 - unbelievable!
  7. Of course all these graphs fail to account for the effect of dividends and dividend reinvestment, with which they'd look a fair bit more positive. Equities are still yielding a good income, and in a low interest rate environment where cash-savings and bonds offer negative real returns, I know where my money's going.
  8. The 20% loan is only available for new builds. For buying an existing house- the equity guarantee scheme means the bank can buy a guarantee from the government against you defaulting. But you don't get any smaller mortgage than you otherwise would have.
  9. Yes- I think you're right. The equity loan scheme only targets new build properties. If you're wanting to buy an existing house it doesn't reduce the size of the mortgage needed- only allows you to get a mortgage without saving more than a 5% deposit (at a better rate than would otherwise be the case).
  10. I don't understand- Apple stock is currently really cheap (forward P/E of 9.6) , even cheaper when you take into account that they have about quarter of the market capitalization sitting on the balance sheet in cash. Compared to, say, google which sits on a forward P/E of around 15. What makes you say it is so expensive?
  11. The difference is that a basket of high yielding equities is a.) Much less work than a BTL. b.) Less risk (voids, regulation, tenants trashing the place). c.) Much more liquid (easier to get your money in/out), with much lower transaction costs. d.) Easier to diversify (so you can own a number of different stocks in different sectors for the price of a house)
  12. Surely the time to cash out is when you start hearing the following: "Shares only ever go up" "Can't go wrong with shares" "I've got a share tip for you" "Its different this time" When I start hearing this from friends/relatives/taxi drivers, I'll be selling pronto!
  13. My take is that although less value is around than 18 months ago, the FTSE is still far from expensive- especially considering this: People have to put their money somewhere. a.) Cash- returns on cash are at historic lows due to low interest rates (generally below inflations) b.) Bonds- bond prices are at all time highs, so again, returns very low. c.) Property- hard to see much value here, again prices are still very high d.) Equities- prices far from very high. Solid blue chips (Vodafone, Tesco, SSE, Aviva, Barclays etc) all offering decent yields (4-6%) so you can make a decent return without needing any change in the underlying index. Hence most of my savings are currently in equities, and will remain so. If there is to be a bubble (and I think it is quite likely- we've already started seeing news stories about how well the FTSE is doing, not long before the dumb money starts flowing in), then it has a long way to run.
  14. Sadly the more you put into premium bonds, the more you'll expect your return to approach the average. So if you owned all the premium bonds in existence- your return would be exactly 1.5%. More on the maths behind it here- http://www.moneysavingexpert.com/savings/premium-bonds
  15. What's the distinction you're making between 'previous vehichles turning right' and 'new entrants turning right' - I'm afraid I don't quite understand?
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