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House Price Crash Forum


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About rockdoctor

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  1. Order up a free sim from EE, 3 and Vodafone. Stick each one in the phone and see which gives the best signal. Find the best deal with that provider (or a reseller using the same network). I just did this for my mum - 3 was the best reception and price combo. She had never heard of them!
  2. I'm a (late) boomer, who accidentally did well out of the housing market; I came out of university (free in the good old days) in 1991 and managed to get a job in the Middle East (oil industry). Before I left I had been renting as a student for many years (did second degree while waiting for the oil industry to emerge from the doldrums) and had just about grasped the fact that there had been a house price boom in the eighties and that I was priced out forever (!) Anyway, I worked for three years in Oman, saving every penny i could, then came back to London in 1995. Rented for 6 months while I
  3. Is that still true? I see people turning down jobs and suffering huge commutes to work after job changes rather than pay gigantic stamp duty bills. Similarly it now makes sense to do crazy things like dig out a basement floor under your house rather than move to a bigger one and pay a huge chunk of wedge to the govt and get nothing to show for it. I bought a flat in 1996 (£1200 stamp duty), sold it and bought a house in 2002 (£14K stamp duty). A move now would cost £54k in stamp duty just to change location (i.e. same price house as I am in). Ain't nobody got time for that. The only
  4. Glad to see the Hungry people are getting cheaper food.
  5. I had my own experience of this. One of my neighbours is a policy advisor who works in Number 10 (he tells me Cherie sometimes slobs around in a dressing gown until midday). I got him to witness my newborn daughter's passport application, and he put his place of work as No. 10. A few days later he was phoned at work to check he really existed. They made him write them a letter on Downing St paper to prove it. My daughter still got her passport in time for the trip. It seems they do check dodgy-looking applications sometimes.
  6. But do you eat the blue smartie or the red smartie?
  7. Right, I did a bit more research. The Bacton Interconnector sends gas back and forwards at different times. Last I heard it was exporting gas. The recent work was to upgrade its capacity (more compression at the ends). At the same time a new Interconnector is being laid, also to Bacton. The Langeled pipeline from Norway, which will connect us to the Ormen Lange field is also under construction. It will be able to supply 25% of UK demand alone. LNG capacity is also being expanded, allowing import of gas from Qatar, Nigeria etc. Gas prices are expected to fall once all this is in place.
  8. One problem is that your strategy relies on the decision of which house you buy being made by the vendor rather than by you. Normally you find a house that you like (the difficult bit) then negotiate on price. In your scenario you would set a maximum price and seek a vendor willing to accept it. If you are after a very generic house type, with lots of similar ones available in your preferred area, it might work. Otherwise I would just rent one you like and wait for the prices to fall in the normal manner.
  9. The two week shutdown of the Bacton Interconnector wasn't for repairs but to set it up for reverse flow - it is currently exporting gas to Europe.
  10. To be fair, lots of 'experts' predicted falls that didn't happen, so the media might feel justified in not calling them experts any more. Things will change when prices fall, then we will have experts predicting further falls and 'optimists' predicting a turnaround. Actually, current theory says that bird-like dinosaurs survived and their descendants now fill the skies (and scoff worms).
  11. Actually, someone mentioned bulldozing Palestinian houses only a few posts back. There's a House Price Crash for you (well a CRASH!, anyway)
  12. I heard that BP's complete shutdown, regarded as an overreaction by most industry observers, is an attempt to start earning back its green reputation, already seriously tarnished by earlier spills and refinery fires (and related fines). Certainly BP is hitting its bottom line hard with a total shutdowm. I would be surprised if the speculation about months of shutdown is correct - days to weeks seems plausible though.
  13. Ask them to switch off your streetlamp and halve your council tax.
  14. BP must have been seriously cutting corners to keep the oil flowing. I thought all pipelines were regularly 'pigged' - a 'pig' being a robot device that is placed into the oil pipe and swept along by the flow of oil. As it travels down the pipe it logs the internal condition of the pipe. The corrosion in the 16 miles of rotten pipe was so bad that it had started to leak - surely any pig could have picked that up? I'd be asking what the regulators were doing to let BP away with letting it get this bad.
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