Fancypants
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Posts posted by Fancypants
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Nice find... very quick off the mark!
to be fair... our mystery guest was quicker
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The FSA will take on anyone who can't spend as much money on lawyers as it can.
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Sorry FP, its Friday night and I'm feeling silly
no sillier than any other analogy drawn on this thread
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Much as it pains me to say this, surely Leeds isn't all that bad a place. In fact it's quite nice. Isn't it?
I wouldn't have thought it deserved the slagging off it's getting anyway.
Course not. But there isn't a place on earth that the mob we get on here would approve of.
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Lower than expected
not necessarily - still a good result IMO
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another name for the list. There's a spare set of stocks next to Ruth Sunderland's.
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I'll have to find this brilliant "Economic Sensation" guy to unravel this one for me!
how do you know its a guy? He could be referring to a trade wind, or a racehorse. I'm telling you, this guy is at a higher level of consciousness right now. I'm desperately trying to keep up, but my sanity is at risk.
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and yet the cheapest studio available in Pimlico (on rightmove) is 175K
Bit of a "spread" there between bidding and offering eh what
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Cheers FP. I agree.
A five year old head-start tortoise will do well, or an especial-hollywood-day-after-stylee-five-year-winter hibernator.
(Whatever you do, stay in your shell or five years, or so - saving.)
I think the carnage will drive folk back into their shells.
Thankfully some of us only rent the shell and aren't committed to anything too onerous.
I honestly think we are about to witness a trans-generation change (attitude to "ownership" being part of this) in culture of great profundity.
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Our future prosperity.
No arguing with the numbers in that article, black and white.
The definition of pithy.
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What's with all the glossarising Durch?
Are you expecting a sudden flood of newbies who haven't read the FAQ?
[just to explain, that means Frequently Asked Questions]
BTW - that graph is damn good. I hadn't seen it before, though I understood the point it makes. It is just amazing how often the "sound fundamentals" line was repeated by the media. "Unemployment is at historic lows, the economy is doing well"! What a load of tosh!
Don't worry about him, at this stage on a Saturday night he's often found on the brink of nirvana.
I guess this is reverse causality. Because A & B can be observed at the same time, many minds seek the simplest explanation that A caused B, whereas in fact, B caused A - for example, I had an argument with a friend on Thursday (his Mrs works in marketing *spit*) where he trotted out the old chestnut "companies that maintain marketing spend in a recession will tend to survive it better" - I rejoindered with a quick "ah, perhaps we should consider that companies best equipped to survive a recession will tend to have more resource available to maintain marketing spend"
yes, I am great fun at parties (until my peers with big mortgages show up)
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'VI', to explain, means 'Vested Interest', in making you buy, when you shouldn't...
for at least FIVE YEARS
Five years you say?
The parable of the tortoise and the hare may be instructive to some here, I imagine.
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BW
My post above shows the graph that made my mind go ... *pop*
but in case you are all too lazy to scroll up
I say, what a marvellous graph
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WHat the hell is goin on with our money??? Since when did people wanting to buy 300k, or 400k, or whateverk properties need to get involved in shared ownership with housing associations???
How about Housing Associations needing to get involved in flogging off whatever fraction of their stock that they can to keep their own debt-reliant business models afloat?
Reverse causality old bean.
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That was quite interesting actually. Poor pension provision is part of it as few people are on DB schemes anymore, and loads of idiots blabbered on that their BTL portfolio was their 'pension'. The main reason i'd want to buy my own home is, as you said, i would eventually no longer need to pay rent (a major saving in retirement), but it also allows the possibility of downsizing to get some cash to supplement your income.
It's also worth remembering that people want to leave something for their offspring, though with people living longer i'm not so sure about this. My dad is in his mid-fifties but my grandparents are both in very good health. He and my aunt both own their own homes and are pretty near to paying off their mortgages so they don't need the cash they will inherit, whereas 50 years ago parents would die when their kids were just starting a family and they would find the inheritance helpful.
Good points. Obviously its not possible to draw direct parallels between the two periods. For one thing, as we are beginning to see with "equity release" schemes etc, the longer life expectancies mean that the rules of the game are different again. Also, it is worth re-iterating that this bubble has driven prices up to the extent that many people are most unlikely to actually be able to pay off the mortgage and live rent free (renting money in this example) in retirement.
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Good thread Litt, this is just the kind of stuff I like!
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and so it continues... the cost of money gets driven up around the world, and those currencies unable/unwilling to join in will get flushed, thereby exacerbating their own inflation problems. Aint no way out of this one.
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What The F*** is your signature on about?
I noticed that too. It must have something to do with the months of the year, and the time left until November ends.
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I have no idea what that site was about or who for - was it BTL landlords?
Anyhow, over to Messrs Lennon & McCartney:
Have you seen the little pggies crawling in the dirt?
And for all the little piggies life is getting worse,
Always having dirt to play around in.
Have you seen the bigger piggies in their starched white shirts?
You will find the bigger piggies stirring up the dirt,
Always have clean shirts to play around in.
In their styes with all their backing they don’t care what goes on around,
In their eyes there’s something lacking,
What they need’s a damn good whacking.
Everywhere there’s lots of piggies living piggie lives,
You can see them out for dinner with their piggie wives,
Clutching forks and knives to eat their bacon
A pedant interjects... the late George Harrison was the author there TMT old chap
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Mate, it's an asset class, not a ruck. You don't "get in amongst them", you make a rational financial decision.
Dude is from Dormo. "Getting in amongst them" is the preferred solution to most problems there.
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Well, there was a thread earlier already but only 2 pages, so you're right either way
http://www.housepricecrash.co.uk/forum/ind...showtopic=80258
Still, opening bell on the DOW shortly so things might get more interesting.
AFP
D'oh! Must have overlooked it due to the absence of an outrageously bleak title. Which also kinda backs up the point I was making, in a roundabout way.
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After one hour, the answer is: a quite staggering level of indifference.
I might as well have said that I liked deely-boppers and odd luminous terylene socks. (mind you, they're back in fashion now aren't they?)
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and I mean genuinely,genuinely stunned.
I guess this is the payback for the extra two years that were squeezed out of the bubble.
The Polish Are Leaving - Stop Them !
in House prices and the economy
Posted
just like everyone else who lives there.
Anyway, one man's naughty is another man's nice, I guess.