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Giordano Bruno

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About Giordano Bruno

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  1. That is the classic unanswerable rebuttal to all get-rich-quick schemes.
  2. Giordano Bruno

    Banks Tighten Credit as Default Rates Rise

    You mean they won't lend out a million or two to anyone who can sign a name on a self-certification form? Jeez. What is the world coming to?
  3. Giordano Bruno

    big drop examples

    It looks more to me like CGI from a 3d program like poser or blender. I used to dabble in them for a while. To me, it's not just the sofa. The whole room looks like that to me. Look at the edge of the carpet over the wood flooring. Why is it so wobbly?
  4. I agree, GSP. The sellers want to sell so they will ask what they think will get a sale. There is bound to be a positive correlation between variations in asking prices and in selling prices. The news is good, in my opinion.
  5. Giordano Bruno

    Prices in Balham, Clapham

    Yes. I think you did get the timing spot on. Unless one regards the property as a home rather than an investment, I would say that now is a good time to get out of the market.
  6. Giordano Bruno

    Kitchen in the living room?

    When I was young we had a hatch between kitchen and living/dining room. Mum would cook and open the hatch and put the meals on the bottom of the hatch to be picked up by the eaters, like me, in the dining room. Perfect, in my opinion. Even when cooking for myself, I could cook and put the food in the hatch and walk round to pick it up from the living room.
  7. I disagree. In principle, the creation of currency by printing or otherwise should be the exclusive job of the people, or their representatives in parliament. Likewise the setting of interest rates. JFK and Lincoln both paid the price for trying to enable government production of currency. We did have, for a very short while, our own debt-free and interest-free currency which was called the Bradbury Pound. The bankers and their puppets soon put a stop to that.
  8. I picked this off the front page of HPC in case anyone has failed to spot it. A nice bearish article. Enjoy. Economist: A little-noticed change in Britain’s housing market spells trouble for everybody
  9. These guys receive enormous sums and bonuses and when they gamble with our money and it goes pear-shaped then we bail them out because 'banks are too big to fail'. If their gambles win then they take the winnings. So, what do they contribute to society? Nothing. Good riddance!
  10. Giordano Bruno

    The good old Monday, £1.55M price drop thread....

    I don't know as much as you guys do about property. I haven't ever owned one. But that looks to me like new-build, the type that has fake brick prefabricated facades, with few or no real bricks and mortar that gives a house a sense of solidity and character. I've seen that type of house being put up, I won't call it 'built', in a few days. Yes, characterless and depressing. I wouldn't buy it for a tenth of the price.
  11. Giordano Bruno

    Virgin Money Warns on London House Prices

    Backwards? Shouldn't that be down?
  12. To sell he needs a buyer, someone with much much more money than sense. I guess he is still looking.
  13. Giordano Bruno

    Nationwide BS graph "real house prices" - flawed?

    That graph is well out of date. I believe you can download a more up-to-date one from Nationwide website. I did a while back and the rate of increase was 2.6%. It might be lower now. We have had this discussion before. It seems the red line is a regression line, a line of closest fit. Of course, the big bubble has caused the line to go upward but as time goes on, the rate comes down. Each point that is added which is below the red line will pull the red line down towards it, since a regression line tries to get as close as possible to all the data points.
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