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Saving For a Space Ship

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  1. Welcome back TTRTR, Knights Frank were my old landlords for 1.5 years from whom I rented a 10,000 sq ft warehouse in London. IMO they are an incompetant, corrupt bunch of 'sharp and blunts' as the cockneys say in there quaint ryhming tongue.
  2. Talk of Crap Towns, the book 'Crap Towns 2' is now out see www.craptowns.com THeres a lot of residents crap towns reviews on the site for free . For england see http://www.craptowns.com/html/frontsection...0_5/england.htm Middlesboroughs nominated. http://www.idler.co.uk/html/frontsection/c...dlesborough.htm
  3. I phoned the Woolwich Bank yesterday to increase my overdraft on the current account. During the conversation, they told me that their rules were just being changed for the time they allowed between applications for an overdraft increase from every 6 weeks to every 3 months. I don't know whether this applies to other banks, but see it as another squeezing factors on borrowers who will have to wait twice as long to apply again if they are unsuccessful the first time. Squeal little piggy
  4. I've posted before on HPc about how misleading these repeats are. The channel should carry a date or warning at the beginning of the program so that the naive or ignorant do not follow their advice as the house buying situation now is so different from then, quite possbly leading folks into bankruptcy or negative equity. It could look like another 'talk the market up' conspiracy, as there are many other similar repeats recently particularly daytime tv, like the house auction prog. however, I think its just lazy programming, without thought to consequences.
  5. Oh No, with all those extra peple living down south, the country will tip up and sink!
  6. I did used to deal with a Agent called Owen and Owen, which is what folks will be doing for years if they have bought a house recently. Not Estate agents, but a trainer shop has just opened in our town called 'The Athletes Foot'
  7. I wondered why and where some posts are moved ? I've only noticed this happening in the last week, who is doing it.
  8. I agree, especially as they have no proper eco-police. I used to work sometimes with Environmet Agency folks, they are massively underfinanced. On the flytipping subject I think they will only make a dent by having a massive cctv network, but then you have the big brother privacy problems. The uk waste/recycling industry both commercial and non profit is full of mafia and corrupt types.
  9. The unemployed are already being slowly starved by eroding their dole money in relation to inflation. when I was unemployed 20 years ago it was around £35 a week, now it is approx £55 fro job seekers allowance, and has increased around £1 a year for last 2/3 years. I haven't done the figures , but am a sure that this is not keeping up with inflation., yet another scandal ! I imagine it is the same for some other benefits. It represents a stealth benenfit cut for some of the most vulnurable in society. I'd welcome anyone working out the proper figures, but I don't know where to find the exact yearly dole and 20 yr inflation figures.
  10. Toxic scandal in mozzarella country Mafia-run dumping of dangerous waste around Naples is threatening lives and livelihoods Sophie Arie in Caserta Thursday October 14, 2004 The Guardian http://www.guardian.co.uk/international/st...1326601,00.html In the open fields around Caserta, north of Naples, large herds of buffalo graze on lush grass, and tobacco plants tower along the roadsides. On the face of it these fertile, sun-baked Italian plains look like ideal farmland, but the soil here hides a poisonous secret. Every week, in this centre of the buffalo mozzarella industry, heaps of old tyres, asbestos, battery acid and chemical sludge are dumped by the lorryload in ditches, under bridges and in holes dug for the purpose. "A third of Italy's waste is disposed of illegally, and Campania is where much of it ends up," says Donato Ceglie, the Caserta prosecutor investigating the "ecomafia" responsible for the dumping. Paolo Russo, a Neapolitan senator in Forza Italia, the prime minister Silvio Berlusconi's party, who heads a parliamentary commission on waste trafficking, says: "The waste arrives by road every day. It doesn't fall out of the sky. But it seems we need a military operation to stop it." In the "triangle of fire" between the towns of Qualiano, Giugliano and Villaricca on the lower slopes of Vesuvius, the sky is lit most nights by the bundles of old clothes soaked in toxic liquid being burned by the Camorra mafia, sending columns of foul smelling smoke into the sky. There is growing evidence that waste disposal is now what keeps many mafia clans in business. As one pentito (mafia informer) proudly told his police interrogators: "Me, I turn rubbish into gold." The leading Italian environmental campaign group Legambiente estimates that in the past 10 years the ecomafia has made €132bn, about 13% of the estimated €100bn annual turnover of the four leading mafia groups, which in turn amounts to about 10% of the Italian GDP. Toxic waste dumping and illegal construction are second only to drug and arms trafficking in profitability, investigators say, and infinitely less risky. The authorities are still looking for an estimated 13.1m tonnes of toxic waste which "disappeared" last year. The dumping is by no means confined to Caserta. In several parts of the country farmers have been tricked into spreading tonnes of sludge on their land thinking it was a free trial of fertiliser. Others have unwittingly laid asbestos on tracks after being told it was gravel. Around Caserta the authorities have counted 152 contaminated "lakes" which appeared in the 1990s when the mafia helped itself to tonnes of sand for illegal construction and dumped chemical waste in the pits left behind. Mr Ceglie's investigations have so far identified 1,200 illegal dumping sites in Campania and about 5,000 throughout Italy. He estimates that farmland, woods and urban wasteland adding up to an area almost the size of Wales has been contaminated and should not be farmed or accessible to the public. Off limits Farmers in Caserta fear that sooner or later toxins will destroy their livelihoods. "One more landfill around here and the toxin levels in the buffalo milk will go over the safety limit," says Ettore Corvino of the Caserta region Coldiretti Farmers Association, staring at a stinking municipal tip, now closed, near Caserta. They have already come alarmingly close. Between May 2002 and December 2003 the local authorities declared 18 districts off limits for grazing after dangerous levels of toxins were recorded in the milk of cattle and sheep. More than 10,000 animals were slaughtered and 9,000 tonnes of contaminated milk destroyed, Legambiente says. Scientists have warned for years that the soil and the water in the area are contaminated but official studies and figures have yet to confirm it. Michele Bonomo, head of Legambiente's Campagnia regional office, says: "Toxins have already been found in milk and in some maize that is fed to animals." The health of local people is seriously at risk, he adds, but there is no evidence yet that people eating the region's products are likely to suffer health problems. "Toxins are slow to show themselves in people. Many farmers have been [affected] but they are not keen to report it. It's a problem we won't identify in the local population for another 10 years. "But if we do not change direction and regain control of the land in this region we will face something similar to your mad cow disease." Alfredo Mazza, a scientist at the National Research Council, who was born locally, believes that toxic-waste dumping is linked to a cluster of cancer deaths in the region. He began collecting cancer data after he noticed an alarming number of death notices in his home town, Nola, north-east of Naples. Comparing local government cancer records in Campania with those elsewhere in Italy, he found that men living in the area between the towns Acerra, Nola and Marigliana were more than twice as likely as the average Italian to get liver cancer, and women more than three times as likely. He says that about 250,000 people in the region have been exposed to toxic pollutants. Mr Mazza, who recently published his findings in the Lancet, says: "The land has been so badly damaged by illegal waste dumping it is already practically unusable. Local people have not realised they are being poisoned. And the authorities have not wanted them to know." Legambiente, which has been tracking the illegal dumping for the past 10 years, estimates that the number of mafia clans involved in toxic waste disposal, illegal construction and trafficking rare birds has risen from 19 to 64. Through apparently legitimate front companies, the Camorra undercuts competitors by up to 90% to snatch toxic waste disposal contracts from factories seeking to reduce their costs. Its activities have prevented the local authorities in Campania disposing of the densely populated region's waste, leading to violent protests. There is tension in the area around Acerra, north of Naples, where a huge domestic waste incinerator is planned. Pierluigi Vigna, head of the National Mafia Commission, says: "It is much harder for us to stop this new kind of organised crime. It's easy to track down a murderer with blood on his hands. But an illegal bank transfer, done in a split second, can take six months to trace." So far 130 waste traffickers have been arrested and 147 companies are being investigated in 16 Italian regions. But in most cases lack of evidence against individuals and companies makes it difficult to bring charges. Once toxic waste has passed into mafia hands, its toxicity label is removed and those who see it being dumped are intimidated into silence. "People have the impression that organised crime is being stamped out," he says. "But the mafia is alive and well. It has become more discrete, more intelligent and richer than before." -------------------------------- Similar Uk article Looks like it could be approaching a similar epidemic in uk, the fact is we don't know how much is polluted and what it is doing or going to do to the population http://www.guardian.co.uk/uk_news/story/0,,1309687,00.html Crime gangs fuel explosion in fly-tipping Further rise in large-scale illegal dumping feared as landfill costs soar and waste facilities dwindle John Vidal Wednesday September 22, 2004 The Guardian Organised crime is working with the construction industry to illegally fly-tip tens of thousands of tonnes of building rubble around Britain, avoiding millions of pounds of landfill taxes and costing landowners large amounts to clear up. The gangs scout available land in advance, work with two-way radios, and may descend on a site with 30 or more unidentifiable lorries in a few hours, says the Environment Agency, which is increasingly concerned over a huge rise in fly-tipping incidents. An unpublished study, carried out by agency staff with the Jill Dando institute of crime studies, has found that building sites, roads, fields and electricity substations are the most popular sites for large-scale dumping of building waste, but that cemeteries, hotel grounds, golf courses and sports fields are also being targeted. Much of the dumping is done quite openly, says the report: "Building sites are particularly attractive since they are accessible to lorries, are flat, and do not arouse suspicion since to the bystander there is nothing wrong with lorries entering a building site." An Environment Agency spokesman said: "Large-scale tipping appears to be happening more frequently. We are told that people are moving out of drugs and into [construction] waste because it's just as profitable and people do not tend to end up in prison." The agency says opportunistic fly-tipping by gangs and individuals has risen by 40% in the past two years and is now running at more than 65,000 incidents a month. The cost to local authorities and landowners is believed to be £100m to £150m a year. The rise in the past three years has been largely driven by rising landfill taxes, local authorities charging for the collection of bulky waste, and more goods such as TV sets, computers and refrigerators being defined as "special or hazardous" waste. Leeds and Birmingham are among the worst-hit areas, reporting more than 20,000 mostly small incidents a year, but gangs are now working throughout the UK, sometimes transferring waste hundreds of miles. In north London, more than 70,000 tonnes of construction waste was fly-tipped in 2003, costing more than £1m to clean up, and avoiding £135,000 in landfill taxes. Other hotspots included the London boroughs of Harrow and Brent. Lewisham and Westminster boroughs reported 34,000 cases between them last year. Local authorities, farmers and organisations such as British Waterways, Network Rail and the National Trust all report more fly-tipping on their land. The large-scale tippers are resorting to new tactics, says the agency. In the north-east there have been several cases of large warehouses being rented, filled with car tyres and then abandoned. "Some offenders con landowners and groundsmen into allowing delivery of what they believe to be free topsoil, only to later find hundreds of tonnes of useless waste having been deposited on their land," says the report. Much of the tipping is attributed to "white van man" - small businesses, jobbing builders, plumbers and gardeners. "They are often ignorant of the alternatives," says the report. "They either cannot afford to pay or refuse to pay. Some subscribe to a perception that they are unlikely to be caught and prose cuted, or if they are, will receive trivial penalties." However, householders are also to blame because they are dumping more rubbish. The Country Landowners' Association has reported an increased incidence, with one in four farmers saying rubbish has been tipped on their land in the last few years. The association's survey of members found that building rubble was the most common material dumped, followed by household items such as fridges, deep freezers, beds, sofas and mattresses. Household rubbish included dead pets, baths, soft toys, telephones, syringes and condoms. There are thought to be fewer cars being dumped now than a few years ago because of the high price of secondhand steel, due largely to China buying up the scrap. Sue Doughty, Liberal Demo crat environment spokeswoman, will warn today that the recent closure of most of Britain's hazardous waste plants - to comply with EU regulations - has left millions of tonnes of potentially dangerous waste with nowhere to go and could further fuel fly-tipping. "It is scandalous that the government has had five years to prepare for the new rules under the 1999 landfill directive, but has failed to make sure that specialist facilities are ready in time," Ms Doughty said yesterday. "The result could be devastating for regions of England and Wales, with a huge rise in illegal fly-tipping by cowboy waste contractors." The Environment Agency study urges action on a national level and suggests it should be made easier for contaminated waste to be disposed of legitimately. "Reducing the availability of sites that can take contaminated waste makes it more difficult for waste carriers to behave legitimately, and enables fly-tippers to make excuses for their behaviour," it says. The Environment Agency says it has limited detective resources and no powers to stop vehicles or check identities. In London, for example, there were only 11 investigators dealing with more than 400 incidents of large-scale dumping in 2002. The fines for large-scale fly-tippers are minimal. Between 1999 and 2003 there were only 2,125 prosecutions, with fines averaging £2,300. "The fines given to construction and demolition waste offenders are considered to be quite insufficient to deter serious offenders, even if they were likely to be caught," says the report. "There is a lot of waste to get rid of and there is every sign that it will increase," says an agency spokesman
  11. I agree, and think this mcJobs culture is further increasing an underclass of folks who just refuse to work for such peanuts in cr*p conditions. who can blame them? A climate of nihilism comes from a business culture where the corps are too powerful to take on. They just become more powerful, with things like terrorism used as a ditraction for the masses to hide the corps much bigger crimes. I am coming around to the view that due to the dwindling global resources maybe its better to have more people unemployed as they dont buy 4x 4's, slave labour electronic goods or fly about on subsidised budget airlines. Their benefit money is a cheap price to pay as resources get increasingly scarce. Its a big concern as to where its all going, maybe we'll have unemployment centres where you plug into a 'matrix' type network for kepping them busy until they die. This will be paid for by insurance companies to keep the streeet /car vandalism down and stop all the premiums going up
  12. I hope you are joking monkey, i will sorely miss your excellent wit if you are not joking
  13. IF its a spoof, can you get him removed from the forum as this trolling is boring/annoying
  14. bbb, from the link you enclosed that I copy contents of below, it appears that this user 'property master' has been impersonating other users of the forum with this juvenile behaviour, breaking singing pig rules. Shouldn't they throw this idiot off for this ? especially as the impersonated user is complaining about being impersonated on the post? Or is this just a further boring attempt at a windup. SINGING PIG TERMS AND CONDITIONS '4.4 You may not use account names that are offensive, libellous, or that attempt to masquerade as another user.' ------------------------------------- Marketeer Recently Joined Date Joined Oct 2004 Total Posts : 44 Posted Today 2:01 PM (GMT 0) http://www.housepricecrash.co.uk/forum/ind...t=0entry19166 is not me - I am Marketeer! Back to Top Property Master Prolific Poster Date Joined Nov 2003 Total Posts : 950 Posted Today 2:11 PM (GMT 0) Hey...sorry... but it is funny though!!! Cheers PM -------------------------------------------------------------------------------- "STOP HAULING BUCKETS AND START BUILDING A PIPELINE!" (Southern District Manager - A Quick Sale) www.a-quick-sale.co.uk Back to Top azdk99 Recently Joined Date Joined Sep 2004 Total Posts : 18 Posted Today 2:27 PM (GMT 0) Excellent -------------------------------------------------------------------------------- az Money can't buy you happiness, just a better class of misery. Capitalism is fine for a monetary system, but it's a lousy religion. Back to Top Marketeer Recently Joined Date Joined Oct 2004 Total Posts : 44 Posted Today 4:01 PM (GMT 0) Were you pretending to be Property Master? I do not think that was funny. In fact I am pretty upset about it. Back to Top
  15. Forgive me replying to a trollish post, but I can't help noticing how you sound like 'Lord Haw Haw' the WW2 Nazi propaganda radio broadcaster with your 'Foolish renter-people' type comments. makes me wonder whether there is some parrallel with HPC posters feeling like WW2 blitzed blighty folks or POW's in this mad market, bombarded with vested interest propaganda. when is VE day though? , maybe when it starts to crashe or reaches - 30-50% come to HPC Forum for dunkirk sprirt
  16. Salvation Army are already not able to cope. I read a report recently saying that there is a £10 million hole in their finances.
  17. 1) Market view - Uber Bear, but not as extreme as Bruno 2) Market postion Caretaker living rent free in part of a partly delapidated Castle. Fascinated by market/economics but not interested in house owning myself due to stress/cost. 3) Area of Country - North West 4) Occupation and Employer - Caretaker and founder/co-ordinator of reuse based community group + dabbler in antiques/collectables. Previously fuctional clothing/accessories designer and computer recycler for many years. 5) Highest Level of Education - Degree. 6) Age 39
  18. TTRTR, The bbc don't just have 2 chanels. 4 main tv channels + all the kids stuff + news 24 etc. Don't the tonnes of radio stations come out of the license fee ? a massive financial part being the world service , which is respected all over the world. I agree with you about tv license administration cost, there has to be a better way.
  19. If your interested in building an eco-house, some of the best are Earthships, They have a very informative website, see www.earthship.org . They been going 30 years and are very nice people. I have been promoting them on and off for 5 years. World earthship summit is in Brighton, where latest one has been built. International Earthship Summit 2004 Brighton, England October 29th-31st * Want to learn more about sustainable housing? * Water harvesting? * Independent, renewable power systems? * Recycled and natural building materials? * Passive solar design? * Planning permission for Eathships? * Design adaptations by climate? Earthship Biotecture invites you to join Earthship creator Michael Reynolds and panel of Earthship builders from our headquarters in Taos, New Mexico for the first annual International Earthship Summit. Lectures, panel discussions, featured speaker and demonstrations will cover topics from how to pound a tire to the future of sustainable cities in the UK and Europe. We will tour the Brighton Earthship Project in Stamner Park where the Taos Earthship team helps the Brighton crew put the finishing touches on this Hybrid Earthship design. See Hybrid Earthship Image Gallery for pictures of Brighton's sister Earthship in Taos http://www.earthship.org To be notified of updates to the International Earthship Summit please e-mail [email protected] Lectures by Michael Reynolds: * Earthship History and Philosophy Slide Show * Earthship Designs * Earthship Systems Panel Discussions: * The Owner/Builder Earthship Experience * Earthship builders from Taos tell their stories of trials, tribulations and victories while building their own Earthship homes * The Brighton Earthship Build * The Brighton Earthship Crew details their adventures over the past two years * Community Building * Exploring how to create affordable, self-sufficient communities * NGO funding for Earthship Projects Featured Speakers: Paula Cowie, Sustainable Communities Initiative, Earthship Scotland http://www.sci-scotland.org.uk To see an article on the August 21, 2004 launch of the Scotland Earthship visit: http://www.ecosseangel.pwp.blueyonder.co.u...ip/article.html Daren Howarth, Low Carbon Network, Brighton Earthship http://www.lowcarbon.co.uk (more to be announced) Demonstrations and Site Visit: * Tour of the Brighton Earthship and demonstrations of building techniques. * Tire pounding * Can and bottle walls * Finish plaster Registration fee: £200 or $400. Students: £150 or $300 To register, email your phone number and the best times to reach you to [email protected] We will call you back and sign you up.
  20. Debt Fact and Figures - Compiled 4th October 2004 Total UK personal debt broke through the £1 trillion (£1,000,000,000,000) barrier in July 2004. This is just seven years after it broke through the £500bn level for the first time. Britain's personal debt is increasing by £1 million every four minutes. At the end of August 2004 the total UK personal debt was £1,024.3bn. The growth rate remains strong at 14.5% for the previous 12 months. Total secured lending on homes in August 2004 was £844.5bn (£459bn in Feb 1999). Total consumer credit lending to individuals in August 2004 was £179.8bn (£103bn in Feb 1999). The interest we pay on that debt is running at £6 billion every month. Total lending in August 2004 grew by £10.3bn. Secured lending grew by £8.4bn in the month and consumer credit lending grew by £1.9bn in the month. Average household debt in the UK is £7,000 (excluding mortgages) and £45,000 including mortgages. Average personal debt for each person in the UK is £5,330 (excluding mortgages). Average owed by every man, woman and child in the UK is approximately £17,200 (including mortgages). The Bank of England set interest rates in August 2004 at 4.75%. The rate has been raised five times since November 2003 when it stood at 3.5%. Plastic card Cash is no longer king. For the first time plastic has overtaken cash in our pockets as the favourite way to pay. Britons will spend £1billion more this year using debit and credit cards than cash. More than one in ten consumers have problems meeting their credit card debt repayments. Those paying off their credit card debts in full each month fell by 10% in the last three months. Just 44% cleared their plastic balance regularly between April and June, compared with half in the first three months of the year. 246 plastic transactions take place every second in the UK in 2003. Plastic cards in issue have now reached 160.6m which is a growth of 13 million cards in 12 months. The average adult now has 3.5 plastic cards. This accounted for £243.9 billion of spending during 2003. Britons expect to spend an average of £951 on their plastic during the three months to the end of September 2004. A record £11.96bn was spent on cards in June and the nation now owes more than £55bn on cards - around £1,140 per card-holder. Britain is now the only country in Europe with more credit cards than people. More than 35m people have at least one of the 67m UK credit cards in circulation (more than one for every man, woman and child). Consumers continue to find credit cards "irresistible", with outstanding debt soaring by 62% in the past four years. Nearly half the people who take out credit in shops, hadn’t planned to do so when they left home. Servicing Debt: According to the National Consumer Council one in five people are borrowing money just to pay household bills, and one in four are struggling to meet bills and credit repayments. Six million families are already struggling to keep up with credit commitments at a time when borrowing is rising. In both a household survey and a survey of CAB clients, the top three reasons quoted by those suffering debt problems, were: sudden change in personal circumstances – resulting typically from job loss, relationship breakdown or illness; low income – the consequences of living for a long time on a low level of income; and over-commitment – in some cases related to money mismanagement. A fork-lift truck driver hanged himself because he had debts of £100,000 on 16 credit cards, an inquest was told this month. The coroner said it was "extraordinary" that Dereck Rawson was able to accumulate such a huge debt without alarm bells ringing among the finance companies involved. He called for immediate action to curb the excesses of Britain's credit card culture. The inquest came a day after the Bank of England said Britons were running up record levels of debt with consumers spending £12.36 billion on credit cards in August. Calls to the Consumer Credit Counselling Service (CCCS) helplines have gone up by more than a third to 90,000 in the first six months of 2004. Research by CCCS last year showed that nearly half of its existing clients struggled with repayment difficulties for over a year before seeking help. CCCS clients carry an average of £25,000 in debt, but now many come to the counselling service owing more than £100,000, excluding mortgage debt. The number of people going bankrupt surged by nearly 30% during the second quarter of 2004. A total of 8,740 people were made bankrupt in England and Wales during the three months to the end of June, nearly 8% more than during the previous quarter and 29% more than during the same period of 2003. The secured loan market is set to nearly double over the coming four years as people increasingly struggle to keep up with debts, a new report claims. Market analyst Datamonitor said the market for secured loans, which are usually taken out to consolidate debt and are secured against a property, had soared by 42% during 2003 as increasing numbers of consumers struggle with debts on credit cards and unsecured loans, and look to consolidate their borrowings. The Prudential estimates that two million pensioners are in financial difficulty. The average annual income for retired households in UK is £14,648. The average drop in income at retirement is £4,164. 2.8m pensioners are returning to work to meet this shortfall. Citizens Advice have seen a 44% increase in new consumer debt enquiries in the last six years. Bureaux now deal with over one million new debt enquiries annually. A quarter of those in debt are receiving treatment for stress, depression and anxiety from their GP. More than 3 million people are struggling with energy bills, 4.7 million are in debt to their water company and more than a million have had their phone cut off. The amount of debt being chased by Britain's bailiffs has soared by 70% over the past two years to a record £5bn. The typical household falling into difficulty owes £25,000, spread across an average of 15 different lenders. 20 million cases have been passed to debt collectors over the past year. Britons have written off £3.4bn in debts to friends and family, a report showed earlier this year. Seven out of 10 people have lent money and almost half of those never saw it again. Almost three-quarters of people had got into serious arguments or even ended relationships as a result of lending cash the survey revealed. Students / Youth: In July 2004 as thousands of school leavers prepare to start the next stage of their lives, figures from one of the UK’s leading debt charity indicate rising levels of debt in the under 20s over the last two years. Since 2002 the number of people in this age group seeking help form CCCS has increased tenfold, while there has been a dramatic rise in the average level of debt from £2,615 in the second quarter of 2002 to £8,090 in the first quarter of 2004 Despite debt being an obvious part of student life, recent research from debt advice group Payplan reveals that 47 per cent of students underestimate the amount of debt they will be in when they leave university. The National Union of Students puts the cost of university, including tuition fees and living expenses, at an estimated £8,500 a year, and more than £10,000 in London. This year's graduates owe £12,180 on average, an increase of £4,055 on 2003, according to a study by NatWest bank (Five years ago it was £3,700). The study found that this year's new students expect they will need £26,000 to pay for their time at college. Eighty-four percent of them predict they will get a part-time job, although only 35% of undergraduates found work this year, an 18% decline on 2003. Housing: According to the Office of Deputy Prime Minister the average house price in the UK in July 2004 stood at £177,474 (£189,939 in England). UK annual house price inflation was 14.3 %. Annual house price inflation in London was 8.4%. The Office of the Deputy Prime Minister warned that its figures were based on completions in July and so were not comparable with the latest Nationwide or Halifax numbers, which are based on mortgage approvals and point to a slowing market. Some comments made this month by major institutions: According to the British Bankers’ Association the number of loans approved for house purchase in August was 9.5% lower than July and 21.6% lower than August 2003. The average approval for house purchase fell slightly, to £112,100.A spokesman said “The slowing down of net mortgage lending in August looks set to continue in the next couple of months. A further weakening in the numbers of loans approved (particularly for house purchase and equity withdrawal) in August indicates that households appetite for secured borrowing is moderating.†Data from the Council of Mortgage Lenders in September showed that the number of loans for house purchases fell to 104,000 in August 2004, down by 20 per cent from 130,000 in July. The value of those loans dropped by 18 per cent from a record £14.6 billion in July to £11.9 billion last month. The Hometrack September survey of the national housing market reports a –0.3% fall in average national house prices. Hometrack’s National Demand Index is now recording an increase in supply relative to demand for the fourth month running. The excess supply points to further house price falls in the coming months. The International Monetary Fund (IMF) has said in its World Economic Outlook that there could be a sharp fall in UK house prices. According to the IMF, the market will "probably slow down significantly in the next 18 months", and a fall in real house prices "cannot be ruled out". The Royal Institution of Chartered Surveyors (RICS) survey said house prices declined modestly in August as buyers digested a third interest rate rise in four months. The market has experienced a fairly abrupt slowdown since May. Prospective buyers have clearly been knocked off balance by the rise in borrowing costs and continued talk of a sharp downturn in prices. A report from MINTEL highlights that over a quarter (26%) of mortgage holders - or some 4.3 million adults - would struggle to cope with a 2% increase in interest rate. This rises to over a third (36%) amongst 25-34 year olds. Nationwide forecast for annual house price inflation in December 2004 remains at 15%. Prices have risen 12.5% so far this year and our forecast implies rises of 0.8% (seasonally adjusted) per month over the remaining three months of the year. If prices were to continue rising at the pace seen in the last two months, annual price inflation in December would be 13%. Going into 2005, they expect continued subdued price growth with the faster growing regions, such as the North and Wales seeing the sharpest slowdown in price growth. However, given the positive outlook for the economy and the jobs market in particular, we expect the market to tread water, involving subdued price growth, rather than experience a sustained widespread slump in prices. One in seven people entering retirement now do so with mortgage debt still outstanding, according to the equity release advisers Key Retirement Solutions. In the second quarter of 2004 the number of mortgage possession actions entered in the county courts of England and Wales rose by 16% from those in the second quarter of 2003. For the same period, figures show a rise of 13% in possession orders made. Housing 1st Time Buyers: The average house price in the UK in July 2004 for first time buyers stood at £143,270 which is an annual increase of 17.6%. First-time buyers are taking longer to save for a house deposit - a year longer than a decade ago. They now take an average of three years and nine months to save a 5% deposit, financial group National Savings and Investments found. In July 2004, one in two 18-30 year olds buying their first home are putting down more than £12,000 (compared to £2,500 in 1994) as a deposit and one in four are putting down more than £30,000. First-time buyers desperate to get a foot on the property ladder collectively borrowed £1.36bn from friends and relatives over the last two years - and nearly a third of those who did so 'have no intention of repaying it'. According to the poll by Sainsbury's Bank, the people who leant money to family members and acquaintances hoping to set up home forked out an average of £1,552, while more than 26,000 were loaned between £20,000 and £40,000 by generous family and friends. High Street Spending: The cost of running a car is now more than the average mortgage. Motorists spend an average £438 a month to keep a car on the road - £21 more than goes on bricks and mortar. According to research published in February 2004 by You & Your Wedding magazine, the average cost of a wedding has now reached an enormous £15,764 American Express said people spent around £3,605 on essentials such as nursery furniture, food, clothes, toys and a pram, during the first 12 months of their child's life, excluding the cost of childcare and the impact of lost earnings. At the same time 45% of people with a child under five admitted their offspring had been more expensive than they had first expected, with only 9% saying they had budgeted sufficiently. Savings: Millions of Britons (55 per cent of the population) are failing to save money, raising concerns that mounting debt may be destroying the nation's will to save. British people save half the amount that other Europeans do, and are more likely to spend than save spare money, according to research by the friendly society Liverpool Victoria. British households have an average income of £28,927 and save on average £132 a month; just 5.5% of their income. The Building Societies Association reported in the savings market that building societies had net inflows of £1,191 million in August 2004, up from £288 million in August 2003. This was the highest since March 2001 Two-fifths of workers are failing to save for their retirement, highlighting the pensions "time bomb" set to explode in the UK. Four out of 10 Britons plan to increase their savings during 2004, but past behaviour suggests only half will actually manage to set more cash aside. During 2003 just 26% of people said they had succeeded in saving more, while 23% admitted they had actually saved less. Compiled monthly by Richard Talbot. [email protected] If you would like to receive regular monthly updates of these statistics then please register using the “Register to receive Debt Statistics†link at www.creditaction.org.uk/debtstats.htm
  21. Thankyou Gort, my personal candidates for vapouristaion are all the presenters from the bbc's morning program 'To Buy or Not to Buy' for their services to banality. I'm sure you will get many other suggestions if you start a new thread or poll on this subject offering you services. Thanks again, yes I would be interested in renting a spaceship, I have been saving for so long, and noticed other FTF' s (First Time Flyers) have been priced out of the market with me, so space ship prices must be about to crash. Funnily enough a few years ago, Iwas going to set up a website called SpaceshipPriceCrash.co.uk but thought it may be in bad taste given the problems with the space shuttle. Things are looking good with the recent modular shoe box spaceships in development, like 'spaceship one', which will hopefully make prices come down.
  22. Gort, we all love a good tune, how about 'clatu berada nikto' its too late to save the property markets from being destroyed, but please don't obliterate the earth just visit your vengeance on kirsty allsop and phil instead. (hope my spellings ok for the earths sake !)
  23. I was tempted to post this on another HPC thread today when someone mentioned spartacus, but anyway here goes: A few years ago Kirk Douglas's son, not Michael but the other one whos dead now, fancied himself as a stand -up comic. Doing his routine one night on stage, which was not going well, somone heckled him. He got very annoyed and said 'You can't do this to me, don't you realise who I am, I'm Kirk Douglas's Son!. Somone in the audience then stood up and shouted 'I'm Kirk Douglas's Son!' Can't remember where I heard that one, may even have been on HPC months ago, if so thanks to poster.
  24. TTRTR, do you agree with the telegraph that its a 10% cost to swallow for STR ? I thought I'd read elsewhere on this site it was less. Has anyone come across any more official/academic figures on working out the cost of STR ?
  25. nice post, I came across the website http://www.antimonopoly.com which appears to reveal a very murky history of the monopoly game. Wonder if thats included in the book ?
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