Guillotine

A crash would be best defined as market conditions so poor that even those previously desperate to buy, decide that property is no longer an attractive investment.

In respect of pensions and fairness. Protected tax free cash arising from accrual pre 2006 should be stopped. Limit it to 25% for all. Also, defined benefit pensions should be valued properly when assessing lifetime allowance. Currently this is evaluated using a fixed annuity factor of 20 when in reality many public sector annuity factors will be closer to 40.

£40-£60k ? That’s one mans wages for a year. It just needs taking down and replacing - you can’t scratch around with an old house with so many issues - notably damp coming up - and straight in. Wrecking crew for a week then contract a house builder to plonk a couple of semis on it.

Brilliant post from Martin.

He’s wrong to say everyone tested for covid19 will return a positive result. They don’t. My understanding is the tests are specific for covid19, elements of some tests do look at generic Coronavirus properties but each of those should be compounded with an indicator unique to covid19. I make him wrong there twice then without thinking too hard. The deaths count/attribution concerns seem more rational. I’m sure we all have concerns about civil liberties - highlighting that is always welcome.

I like and support the long term thinking on this - with organisations, businesses and individuals making sensible decisions without being dictated to.

I guess the government can requisition private hospital beds too. Must be a fair few of them?

It’s a good thing to have the courage of your convictions. You also need to be aware that you might not be right and that you are allowed to change your mind. i sat out the market for over 15 years. I literally could not commit largely because I wanted a better house than I could afford. It’s not something I therefore regret. I ended up buying a dump when I was actually in a position to deal with it emotionally and so much notional money had been lost it just didn’t matter anymore. There will be a sharp fall in prices. I’m ready for it and I do hope you are too and things go your way..

This thread has reminded me my mum ‘lent’ us two thousand pounds to pay for some plastering in our cottage which we bought from my parents at market rate- which she insisted was completed and arranged with her Friends son. I should probably pay it back but she ain’t getting no interest.

Is that legal?

Difference is there are now 200 domestic games per season in the 7 available packages whereas previously it was 168. With 120 games in two packages still to be sold they only need to be sold for about £5.5M per game to match the previous subtotal. ( So far the premium packages have gone for £9.5M ‘ish’ per game.) Furthermore, the expectation/hope is the non-domestic packages, which are also up for grabs, will show a large increase in bid prices. Proof will be in the pudding, but despite these headlines the clubs incomes may yet increase.

Eric, I know you have been consistent in your criticism of the immorality of liar loans and so on for many a long year. Beyond reproach for this forum But if you knew we were headed for another ten years of price inflation, would you jump on board? (I'm not suggesting that is probable).

I am being made redundant on 22/12. Has been a long drawn out affair, basically a phased office closure which kicked off over 2 years back. A bit more of a shocker was my wife getting her at risk of redundancy notice out of the blue three weeks back. She will be off at the end of January. Neither instance is ultimately due to a lack of business or work, but relate more to structural and location changes. Being brutally honest the lump sums that come with redundancy are difficult to match by the gradual grind of regular savings. Anyway, this is not a sob story, this stuff happens but it certainly can be confusing and upsetting. We've chosen to take some time off, but I note the phone hasn't exactly been ringing off the hook. I'm 46 and feel pretty worn out!

This Nigel Wilson fella always comes up with these pie in the sky missives when his dubious business strategy hits another roadblock. He has turned a highly responsible insurer into a basket case. Notably he has destroyed the bedrock of L&G by closing the Kingswood office on the basis of costs and rent. Then in the midst of the closure he buys the site from a secretive offshore firm and claims he only had a couple of weeks to plan that, yet doesn't deviate from that strategy, Essentially he has paid off tens of thousands of man years experience at running his business for him to acquire a site where he will struggle to profit from a hundred or so homes in 50 acres due to the site being on green belt and an area of outstanding natural beauty. He tends to disguise his ****** ups as part of a high minded social engineering strategy so be extremely cautious of his motives and that if the pr team at L&G. Oh and his prefabs may not pass muster as of a high enough build quality to qualify as collateral for a mortgage.

Nigel Wilson has a reputation as an asset stripper. At L&G he is shutting offices and casting off jobs whilst he and his cronies pocket millions. He has purchased a house builder Cala so that he can build homes to then rent out. He has a very aggrewsive strategy to concrete over the sputheast of england.He is very nuch in the ilk of fred the shred.