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Malthus

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Everything posted by Malthus

  1. Took quite a while if memory serves me correctly
  2. Can anyone think of a country that was better off following independence in the short to medium term ? I can only think of ones that had a long period of instability and economic problems
  3. If I had no assets and lived on benefits I would get every payday loan they would give me and tell them to sod off when they asked for it back, surprised more people don't
  4. Very easy The give away is the number of single mothers who have further children with the same father, don't have any stats but anecdotally its very common
  5. This is why the government is so keen to push up the standard state pension this removing a large number from PC as the passported benefits are so generous and costly
  6. The extra for being sick was used to keep the unemployment figures down On the point about taxis, rumour has it a lot of taxi drivers also claim sickness benefits
  7. +1 No significant benefit cuts have been applied and all the main changes up to this point were planned by the last government apart from the child benefit cut for high earners. So why are food banks growing at such a rate and facing overwhelming demand ? Clue may be that they give stuff away free
  8. The real victims are the elderly forced to live in the cheapest and nastiest care homes for the last years of their lives because they signed their home over to their kids.
  9. Sold 3 bed semi in 2007 , rented until March 2013. bought a lovely detached cottage at 50% of peak prices , no neighbours and £100 pm mortgage. The HPC in Northern Ireland has been great for us.
  10. Massive moral hazard happening, why pay the mortgage that you could never afford if you stay in the house rent and mortgage free for up to two years before repo and bankruptcy ? People are stupid but not daft
  11. That's a big part of the problem, work should always pay. Universal Credit was supposed to fix this but looks to be a basket case so far. I've never understood why they don't use the income tax allowance system so you can have negative tax for a couple of years if you leave benefits , it would work out massively cheaper than the current tax credits system which pushes people to work part time or pretend to be self employed
  12. IMHO the NI economy is like a terminally ill patient who may survive with radical new treatment but the consultant ( politicians) are playing golf that day
  13. Not a bad programme , amazing no one saw it coming. The guys claiming they could get debt forgiveness looked like sharks trying tobget a last dig at people before they go bankrupt.
  14. Thanks for all the best wishes guys We bought in the mid down area. Still loads of property for sale at unrealistic prices by people who refuse to give away their property. Realistic prices see a sale in 6 to 8 weeks is my assessment of the market.
  15. Another one bites the dust , purchased a lovely house that ticks all the boxes for the long term at RV -20%. Still think the market has some downward potential but the time was right for us, bought with a small mortgage and its a home not an investment or money box. The one thing I was reminded of in the buying process is just how full if it EAs are, but knowledge of the market and a thick skin pay off in the end.
  16. Our current experience of viewings and offers shows there are still a lot of deluded sellers out there with EA's who aren't doing them any favours My advice, if you haven't had any offers in 2 years and the EA insists that they can get the asking price, get a new EA
  17. Getting £91k for a house in the village was a bit of a result imho Paying £150k was clearly nuts even during the madness of 2007
  18. Nice one Paul, hoping to seal a similar deal myself in the next few months. Vendors beware the sharks are in the water
  19. Everyone knows a mobile contract is much cheaper than PAYG , yet loads of people use PAYG. Also don't forget that a large portion of the population are used to the government providing everything free, comes as a nasty surprise when there is a charge
  20. It would appear that HMRC use 0845 numbers so everyone pays the same local rate charge no matter which office they get through too. Probably worked fine until lots of tax credit claimants all tried to phone in with renewals at the same time on PAYG mobiles. Another unintended consequence of having a large portion of the population in receipt of benefits
  21. But will the extra cash for co ownership be used to suck more mugs into the scheme or is it a bailout to cover the losses on the properties bought through the scheme during the boom ?
  22. Comedy gold , can't wait until they sell all the rubbish they've repossessed to see what the real losses are.
  23. Excellent post, I haven't been posting as much over the last year as the crash is so clear that even a blind bull can see it. The NI forum has saved so many people from the nonsense of the BT, RICS , EA's etc IMHO there is still very little value in the market, so many owners and investors are hanging on by their finger nails that there has to be further drops. The silver bullet that will bring the NI market back to affordability is the fact that SE England will recover frm the recession/depression years before NI and the BOE will set interest rates to reflect this IMO Thanks again to everyone on the NI board for great information and craic over the last few years
  24. Like this one : http://www.wilsonsauctions.com/property_details_mallusk_new.asp?id=790974 with that lovely design surprised it hasn't sold
  25. Not much of a bargain imho must have cost NIHE all of £500 to build when new
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