

Democorruptcy
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Everything posted by Democorruptcy
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Would Corbyn ditch Help to Buy?
Democorruptcy replied to Bruce Banner's topic in House prices and the economy
Prior to the 2017 election HTB had been getting some bad press, then the Tories were given free reign to extend it again due to Labour's Manifesto including: -
A Tony Blair institute chap has really written: The first thing that Tony did when elected was the 1998 Bank Act to make the Bank of England independent. 3x Main + 1x Second income has become a BoE "no more than 15% of mortgages greater than 4.5x household income". The switch from single income to Joint Income Mortgage Just About Managing (JIMJAMs) has led to triple the mortgage lending. House prices would drop 50% if we went back to 3x Main + 1x Second income 1998, 3x £18k plus 1x £6k = £60k house 2019 4.5x £25k + £15k = £180k+ house 2019 could be 3x £25k plus 1x £15k = £90k
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Pension age should rise to 75 say Tories
Democorruptcy replied to Mikhail Liebenstein's topic in House prices and the economy
I'm not splitting the tax efficient salary with you and I was expecting to declare myself a bit needy. -
Pension age should rise to 75 say Tories
Democorruptcy replied to Mikhail Liebenstein's topic in House prices and the economy
It's no good looking backwards we have to look forward. I forgot to say I'd be happy to manage the charitable foundation. -
Pension age should rise to 75 say Tories
Democorruptcy replied to Mikhail Liebenstein's topic in House prices and the economy
I think you are right. You should give away all your FIRE pot to set up a charitable foundation to help the needy. Then start again as a poor but benevolent man, go back to work, pay lots of tax and trust our fine governbankment to use it to help those in need. Never mind this I'm alright Jack position, of not working and living off dividends that ultimately comes from other worker's toil. -
Charts the birth of many people's flexible friend https://youtu.be/S7N-tIqy6yQ
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Is Boris good for house price growth?
Democorruptcy replied to Burbujista's topic in House prices and the economy
Housing Minister is Esther McVey Housing Secretary is Robert Jenrick https://news.sky.com/story/new-pm-johnson-begins-choosing-members-of-cabinet-11769771 -
Is Boris good for house price growth?
Democorruptcy replied to Burbujista's topic in House prices and the economy
Property During the Newark by-election campaign, Jenrick was attacked in a personal campaign by UKIP's candidate Roger Helmer for owning several properties. Chris Grayling, the Justice Secretary, defended Jenrick, insisting that being self-made and successful was nothing to be ashamed of.[12] The Jenricks bought the Grade I listed Eye Manor in Eye, Herefordshire, near to his home town of Ludlow, for £1.1 million in 2009. https://en.wikipedia.org/wiki/Robert_Jenrick -
Is the housing market crashing.
Democorruptcy replied to TheCountOfNowhere's topic in House prices and the economy
I think the housing market is slow moving. Any pickup this year could be due to Brexit being scuppered pre-Christmas and us not exiting in March. Hopefully it will slow again now Boris is in and Brexit might look more likely to some people. I'd like to see lots of SSTC come back on the market and smell some fear. -
Boris and stamp duty - make the seller pay.
Democorruptcy replied to HovelinHove's topic in House prices and the economy
Seller pays 10% of the difference between current and previous selling prices? Might make flipping less appealing? -
Is the housing market crashing.
Democorruptcy replied to TheCountOfNowhere's topic in House prices and the economy
Pension funds must think the property market is getting wobbly: -
UK house prices slip for first time this year
Democorruptcy replied to rollover's topic in House prices and the economy
Not good for Rightmove themselves then? Share price 36p ten years ago today, now stands at £5.16 House deposit on a Rightmove short anyone? -
Only a YouGov poll but I'm struggling to see where the Labour voters will come from (ZWBAIAM)
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Barclays lending criteria overhaul
Democorruptcy replied to Tabs's topic in House prices and the economy
FCA June mortgage stats: -
Unison: The great British Housing rip off
Democorruptcy replied to MattW's topic in House prices and the economy
Dave Prentis the General Secretary of Unison has just ended his 7 year spell on the Bank of England's Court of Directors He's still a director at Unity Trust Bank. -
Woodford fund suspended
Democorruptcy replied to TheCountOfNowhere's topic in House prices and the economy
If their pension fund drops in value, that money will have to be replaced. Maybe cuts to public services or an increased social care charge. One thing is for sure the CEO won't be having a wage or pension cut. -
Stock market crash...
Democorruptcy replied to TheCountOfNowhere's topic in House prices and the economy
The modern way: -
Read it and weep Norfolk Council Annual Report Remuneration from page 68, interesting they have decided not to list the detailed comparison of individual pay between years for senior officers. Why isn't the £210k in the grouped comparison that stops at £175k?
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Well done danlee74.
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Neal Hudson at it again. It protects BANKS not Buyers. It's the bank that gets the bail out if an artificially priced house is sold at a loss. There is NO buyer protection in HTB, it is exactly the opposite, it enables banks to lend more, so builders charge more and make more profits, with buyers moving into a more precarious larger debt situation.
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IT MUST SELL AT THIS PRICE
Democorruptcy replied to EnglishinWales's topic in House prices and the economy
That's exactly what I thought. Though it's got them noticed. It's so vomit inducing I've posted about them in a forum. Maybe on social media the sick bags are being passed around. -
IT MUST SELL AT THIS PRICE
Democorruptcy replied to EnglishinWales's topic in House prices and the economy
Bearing in mind that on RM people only see a few lines of description about the property, what do you make of these agent comments? I'll be honest, they make me want to puke. https://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=BRANCH^107870&maxPrice=425000&index=24&includeSSTC=false