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House Price Crash Forum

whojamaflip

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Everything posted by whojamaflip

  1. you won't get asked for id in hatton gardens.
  2. capital gains in themselves are valid enough reasons for operating a business. the tax is something that should/could have been applied when the economy is growing and thus pushed up supply, but I never heard anything in the news about supply constraints in either the dot-com boom or 2yrs ago.. most of the offices were being built without tenants being signed up (i.e. the landlords were creating excess capacity).
  3. for many businesses having 'capacity' that is available on demand is an important part of the business model. this might be difficult to express tangibly on the balance sheet. e.g. IT companies are likely to have brand new computers that will eventually get thrown away unused. but having them is an important part of disaster recovery, or just having capacity available on demand for a datacentre. your pension fund will have 'cash' that is underperforming and not invested in bonds, money markets or shares. and a landlord with a portfolio of properties will have many properties that are 'borderline' in need of renovation/lettable. what is it for any of us or indeed the government to dictate how he or she manages the business? IMO the places are vacant for good reasons, taxing them reduces the effectiveness of the landlord's ability to operate optimally, thus will raise rents.
  4. "Outputs obtained whilst updating the monthly series contained some significant and unexplained differences with the statistics published last month," like houses sold for 250k were then sold at auction 12months later for 150k.... best remove all auction sales from the stats to keep things peachy
  5. I think its 6 grammes of gold per medal, the rest is silver. (thats about 100quids worth all in)
  6. in switzerland its 1.70chf per 30litre sack. but still in the state sector. no council tax of course. as everyone realises, this is the only thing councils do. (I throw away max one sack per week, so thats probably 45quid a year total)
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