Peter Hun
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Posts posted by Peter Hun
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Never mind the causes.... what on earth can put an end to this cycle of job cuts, inflation and tax rises?
I really can't fathom where this will end up. My colleage said there will be riots in the streets.... but what will they (or I) riot for - what do we want? Printing money = inflation; council job cuts = unemployment = knock on problems for retailers and reduced tax income; I'm running out of ideas....
About five years.
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yes but also a lot of France is quite mild so the houses don't have to be built to the same quality as further north. Where I live near Grenoble we only need to run the heating from the end of November to Mid March (actually I've not had any heating on this week) and we are talking about 600 euros for the winter. I've considered better insulation but very little makes financial sense.
600 euro's is double my heating costs for a farm in Poland last winter - temps went down to -30C.
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+1
Houses are not my thing because I think they're expensive for what they are, and so I am mostly in precious metals. What I find so fascinating is the following mentality:
1) The accumulation of a corrupt and debased fiat currency is called 'being prudent'.
2) Taking steps to protect oneself, or even trying to profit, such as borrowing falling currency units to buy real assets, is called 'being feckless'.
Surely the opposite is the truth?
Prices of just about everything have almost doubled (certain assets much more) over the last six years. This means anyone accumulating cash has been taken to the cleaners, and the smart ones are those who bought stuff - even better, those who borrowed money to buy more stuff than could otherwise have bought, since they have leveraged the gains.
Is there anything wrong with my reading of this situation?
Nope, its spot on. I even bought farm land that gives an income and EU aid.
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Wage inflation. How are your pay rises?
I'm paid in USD, so very nice actually.
Incidentally, you can get good saving rates - just not in GBP.For instance, in Poland 5.0% is the standard bank saving rate (and expected to increase this month), the PLN has been appreciating against other currencies for a year and probably will continue to do so as its tied to Germany and its similarly booming economy. (for clarity I'm biased, I live in Poland)
Storing money in UK banks is no longer risk free so gamble on the stock market or currencies if you want a return.
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I hope you get a pay freeze, lose your house and go bankrupt.
Ok, I don't really, but you have an "I'm alright, Jack" attitude which is a bit repugnant. You will need prudence to be rewarded one day, and I'm sure you will sit on the other side of the fence.
I'm sorry but he is correct. Inflation wipes out the debts of borrowers, which is why I got the biggest loan I could and bought property as soon as the credit crunch hit. Anyone who is a saver in an inflation era is a sucker.
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How many one off-factors in a row have we had now? 33?
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It always amazes me with politicians that they can't - or won't - see that if people can't afford a house it is perhaps because the price is too high, and therefore, perversely, offering these taxpayer funded artificial props to maintain levels of unaffordable property is madness.
If only they as leaders of our community could come out and say 'perhaps house prices are too high, after all we've just been through a bubble, the result of lax lending and easy credit, and look what has happened to the banking industry.'
A tax haven island economy is rather different. There is completion from oversea's rich tax avoiders who make it impossible for locals to buy. So they emigrate, leaving the island and making it eventually unviable. The tax havens depend on high prices/tax avoiding investors as its their entire income base.
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Having lived in the US for going on 14 years (back in the UK for a spell) my observation is that Americans as a race of people are FAR more generous than we Brits. Not just the rich and tax breaks etc. People generally help their struggling neighbours a lot more than here. Foodbanks are still doing well even though times are tough for the folks who are donating. We just don't like to admit it but I have seen it over my lifetime in the UK-we have become a nation of" f0ck to the strugglers, let's get a bigger pad". I don't like to generalise but TBH I have to say it started on Thatchers watch.
Well the US needs food kitchens and help for neighbours. In Europe you are give a house and food plus a little extra to live on, if you give an umemployed person charity what are they going to do with it? spend it on Sky sports and booze? European's pay tax so there isn't a need for charity.
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Lets take the average mortgage: £165,000.
Over the lifetime of your servitude to the bank, you are having to pay approximately double this, to account for interest: £330,000
To earn this amount of money, you are taxed approximately 50% of your salary. i.e. to have £330,000 "spending money", you need to have earnt £660,000.
Thus the annual salary that the mortgage alone is taking up, assuming the average house price, is £26,400.
To make this reasonable, the percentage of your salary that goes on rent shouldn't really be more than around 50% (being generous here).
Thus to buy the average property, you need to be on a salary of somthing like AT LEAST £52,800.
Now, the average UK salary is somewhere in the region of £23,000.
Quiz question: What level do house prices have to drop to to make the above viable?
Half.
Its why 3x average earning is the viable price for buying a house.
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Scottish people who live in remote rural areas are quite close to the North Sea.
Well spotted. Very convenient for fishing, not much good for petrol which comes from Oil refinery's. How close are they to Dundee? close enough to smell it?
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And dare I say the City of London is a Square Mile of Crooks.
Why not claim they are murders, cannibals, rapists and pedophiles? You may hate them but technically they are not. They haven't committed a crime and can't be sent to jail for it.
Whereas in Iceland they they didn't cheat and swindle, they STOLE. Not just a tiny percent in bonus pay, but 75% of the entire banks capital.
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Indeed. Although I think the circumstances were slightly different. There are allegations in Iceland that bankers lent vast sums to their old boys network mates to invest in speculative or dubious enterprises. If the loans had paid off it would have greatly enriched their mates and if they failed, well the savers in the Netherlands and the UK could pick up the bill.
By contrast, in the UK, it was more a case of incompetence by bankers.
True.
These 'loans ' were given to the bank owners themselves and amounted to over 50% of the banks borrowings. They gave loans to third parties (for a fee to use their name) to allow them to buy share in the banks to prop up the share price. One bank owner stole 500million euros and transfered it to the Cayman Islands.
Most of the MP's in parliament were given multi million Euro loans, as were the journalists, media company owners, universities and anybody else whole could be bribed to keep their mouth shut. Iceland is a Mafia state and they have stolen $60billion from the rest of the world. They are re-writing the loans with retrospective laws to aid Icelanders at the expense of foreign lenders.
Nation of crooks.
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The NHS is in “gridlock”, with hospitals across the country being forced to declare that they have reached the highest level of emergency because of flu and other winter viruses.
Swine flu: hospitals 'gridlocked
He expressed anger about the failure of Government and the NHS to develop sufficient contingency plans, given that a flu outbreak was widely anticipated following the swine flu pandemic in 2009. “My frustration is that so much of this is predictable. This did not come out of the blue and yet the planning is inadequate — as though there is a sense of denial about it. The planning this winter has been far less effective than last year.”As predicted, Swine flu victims are interfering with hospitals ability to treat other patients. All those millions of vaccines that people refused to take look a very good investment now by the Labour party. The political damage will be felt, bring back Labour, they know how to run the country.
In Poland, any attempt to vaccinate or plan was rejected. Swine flu has already shut one Hospital here in Krakow. You conspiracy theorists will get excited to know that its not public knowledge, authorities are not secretly vaccinating people are an experiment and to poison them with mercury. No, they are letting them die to prevent public panic.
(Ok, that maybe an exaggeration).
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The British people had the chance to vote for the BNP to protect their wealth and heritage.. but instead voted for lib/lab/con, who quite openly said they would continue the same policies. Now they pay the price for their vote.
It always amazes me how people are surprised their leaders are pro-free trade, when those leaders quite honestly said they were free trade in the election, and 'the people' willingly voted for them.
BNP sound exactly like the communists, you would like them. Get to live in 1930's poverty and support the party. Oh and be forced to drink shitty lager thats impossible to sell but the workers MUST keep their jobs.
Yep, that's communism. Now its gone the beer is much better, apparently.
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'over capacity in the UK brewing market' (rolls eyes).
Polands beer market is saturated. No need for more factories here.
I visited the Żywiec factory. Used to belong to the Habsbegs when it was set up in Austria-Hungarian empire. It looks just like any other western beer factory and its got a lot more of a traditional history than a 30 year old Heineken brewery.
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Flu and pneumonia kills around 25,000 per year
No it doesn't. 0-5000 is the figure.
The number of swine flu deaths is ten times the normal flu deaths this season. Stop talking bull.
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Finally the press got to the cost/dose.
( Unfortunately it took the tragic death of a NHS Doctor's daughter to trigger it. The NHS is a sick, perverted institution.)
WTF? why didn't she get vaccinated last year? nobody wanted the vaccine when they had milions of doses which were returned to the supplier. Anybody could have simply gone to the doctor and asked for the vaccination, but no doubt that mother would have shrieked at the terrible though of an 'unnecessary vaccine' full of 'poison'. Her father was a doctor and he didn't get her vaccinated.
Don't blame the NHS. Labour did everything possible to plan for Swine flu and got slagged off for it, the coalition have give the public what they want, no action, no planning and its cheaper to let them die.
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When the two big riots took place at the bottom of Oak Lane in Bradford. A pakistani stronghold.
On both occasions non muslim business's were burnt to the ground.
[One was a typical Andrews BMW garage. The 'goldfish' bowl type. With the cars in the showroom]
Those business's the left the area, and were replaced with local muslim business's.
That sounds horribly racist I know. Neverthless its true.
I know. Self defeating though, made the place even less desirable.
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Spill the beans !!
I spent the day there once, very high security and very friendly armed police. Don't ask about anything was my motto.
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Flu vaccination is not a core service. It may sound harsh, but the people flu kills are the very elderly who are like leaves hanging onto a tree in autumn: just waiting for the right breeze to come along.
Not harsh, wrong, Some older Flu strains kill the old. Swine flu kills pregnant women and children.
I can be harsh too, I hope its your wife and children and not mine.
>>Clearly being exposed to the actual virus, having your body have to react in the way it does, can mean that is ends up producing something that just being exposed to the vaccine does not ?
I would have thought so, yes.
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Ah nice edit of your post to pretty much agree with what I was saying based on the info you just read in of topic.
You lost me, what are you talking about? I'm not agreeing with you.
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ok, your post to this. http://www.housepricecrash.co.uk/forum/index.php?showtopic=156753&st=15
http://www.bbc.co.uk/news/health-12152500
Thats two day old news
I think I don't read every web site cover to cover every day? I have a life. Honest.
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Then again unless you are already ill/weakened immune system the flu is unlikely to do you any serious harm. And may in fact help you in future against getting other viruses (See chat in off topic).
You obviously don't know how vaccines work. They give you the immunity without having to go through the full blow disease. One very encouraging discovery is that the Swine flu vaccine protects against many other influenza virus such as 1918. It may well be the basis of a one shot lifetime protection against all flu strains, no more of the annual flu shots.
I had my first contact with Swine flu. The wife caught it at her hospital where the patents were vomiting and shitting for days. A few days later she and all the nurses started with symptoms. Wife and I took Tamiflu; her fever went within a few hours and she fell shit for two days. I however went from feeling slightly sick at bedtime to perfectly healthy the next day.
The other nurses spent a few days with fever, vomiting and diarrhea. So I don't know about the Vaccine, but Tamiflu worked for me.
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I was hoping that he was some kind of govt agent gone wrong, a lot of the anti-federalist stuff suggested he might be on about that amero currency that used to be talked about a lot before the whole gold vs debt thing took over.
Anyway seems he wasnt. Seems he was just mad, what he says about currencies he also says about mars rovers and space shuttles and time.
He can spell and write grammatically correct prose, even though its nonsensical.
Seems very likely that he's schizophrenic, about 1% of the population is and it usually presents around the age of 20. The chances are that we interact with them on forums like this, its pretty hard to diagnose someone via their forum postings . Two things are common , its very often triggered by teenage dope smoking (apparently every schizophrenic in hospital is a smoker) and schizophrenics tend to smell of cheese (bizarre but true).
Schizophrenia is such that a previously sane person goes dangerously bad but is perfectly capable of getting a legal gun in the US and due to the lack of preventative medical care in the US the illness is less likely to be picked up on.
Still, its good to know the Gold bugs have a fan...
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As a renter of an oil-heated house, I would have said that prices have already been more than doubling very 5 years for the last decade. Filling up the oil at £1000 every 6 months when the landlord isn't interested in putting in better windows and insulation was getting tiring.
As a new owner of an oil-heated house, I'm taking the opportunity to insulate it to extremes before we move in, insulating the roof with the equivalent of 350-400mm of rockwool and the whole 1st floor with around half that. Estimated payback period is under 2 years.
P.S. Npower run a scheme that renters can use where you can put up to 270mm of rockwool insulation in your loft for £3/roll, works out at about £100 for a loft with no insulation at all in it. Take it with you when you leave! Paybak period should be one winter.
The advantage of living in a third floor apartment(s). In London my gas (water/heating) bill is less than £200 per year thanks to my neighbours (its a poorly insulated as well. In my 3 floor flat in Poland it needs to sink below -10c before I need to switch on the heating.
However, in my farm house I used 1.5tonnes of coal to stop the place freezing over winter, at a cost of 1100zloty. Average wage here is 3500, 30% of income is already spent by millions of country dwellers on keeping warm over winter.
I cannot believe the claim that bills will double every five years, the prices already cover the cost of alternative energy sources - Solar and wind power is falling all the time. Solar is already cheaper than nuclear energy and the cost is falling like a brick. Even if they build a load of new nuclear plants its not going to get twice as expensive, probably cheaper with new technology. Supplies of natural gas have rocketed due to fracturing.
>>It's 2011 now, so does that mean they will double once?
Exactly. The report is scaremongering ********.
$ Is Hit By An Rpg29
in House prices and the economy
Posted
The concept of the F35 is fundamentally flawed. Its 'stealth' ability means its only delays detection by a couple of seconds. For this it is forgoes all external weapons. the PAK-M has twice the internal weapon capacity. Its very heavy and therefore less maneuverable. Its big and therefore very visible in daylight. New radars will make its poor stealth even less relevant. Its expensive and unreliable.
I think the future is unmanned, stealth fighters costing 10% of the F35 such as derivatives of BAE Taranis. Have a flight of them, some with radar, others with weapons and surround a manned/unmanned Typhoon. Incoming missiles can take out the cheap drones and a radar broadcasting drone could give targets to the Typhon and drones.