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Everything posted by davidcameron
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Wrong. Above the NI upper limit, the marginal rate is 42% (40% +2%). Between £100k and about £115k it becomes 62% (40% + loss of personal allowance (20%), +2%). Above £115k it drops back to 42% as the personal allowance effect runs out, then it jumps to 52% at £150k (50% +2%).
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What's the difference between an Indian call centre bunny and a Newcastle call centre bunny? The location and race have nothing to do with this. Giving low paid workers access to valuable information is always going to leave you open to fraud. You need to have the checks and security in place to prevent it wherever your call centre.
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Friends Family Feeling The Squeeze
davidcameron replied to Guest_James Toney_*'s topic in House prices and the economy
Why should it go back to historical share? Should you use that measure for coal mines or shipbuilding or horse drawn carriages? They don't seem to have reverted to their historical share of GDP... -
Friends Family Feeling The Squeeze
davidcameron replied to Guest_James Toney_*'s topic in House prices and the economy
All ecosystems are fragile. You only get one life and living in a place you don't want to be just hoping that prices fall so you can buy cheaply doesn't mean that is actually going to happen. If you have kids that need to go to school then renting is a risk (less of a risk if you don't). Sometimes headlines can be misleading. If 10% of people in a sector lose their jobs then 90% keep them. Look around the room. Are you in the bottom 10%? -
Friends Family Feeling The Squeeze
davidcameron replied to Guest_James Toney_*'s topic in House prices and the economy
That's the SouthEast for you. One STR last year. One has a flat in W2 to sell when they can find a suitable purchase outside the City. It's a commodity and will sell in 1 day at the correct price. One sold (in a week) and is buying in E1 One sold in commuter land in about 4 weeks. Now looking for suitable purchase but will allow the sale to go through anyway and will rent if necessary. London and home counties is on a different planet from the rest of the country. It's got the jobs and the money (and the equity) -
Friends Family Feeling The Squeeze
davidcameron replied to Guest_James Toney_*'s topic in House prices and the economy
4 colleagues in the process of moving/trading up at the moment. Cost of finance (5 year fix at 3.5%) outweighs the capital risk. Renting from the bank is cheaper than renting from the landlord. -
They may do the opposite of your expectations. Markets trade on expectations of the future, not what is in the Daily Mail or on internet blogs. By the time journos and retail investors have caught up, the party is over and real money has moved on.
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Cost of finance for those with a deposit is keeping the up. 5 year fix at 3.49% is VERY attractive.
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Agreed. We're all green until it actually effects us.
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Do You Think People Have Twigged ?
davidcameron replied to TheCountOfNowhere's topic in House prices and the economy
Yorkie BS offering 5 year fix at 3.49% (75% LTV). That's down 60bp in less than 2 months. If you're earning London money, you can borrow half a bar IO for £1450pm. Add in 200k equity and you can see why the market has a prop. Chuck in a few year's bonuses and get the loan down and you're sitting pretty. Family houses are costing upwards of £2500pm to rent these days. 3 colleagues in the process of trading up at this moment in time. It's not just price, it's price and financing. If you have the equity and the income, it make a lot of sense at these rates. -
Innovative Rental Agreements...?
davidcameron replied to Lepista's topic in House prices and the economy
Then that's perfect for the OP. He gets to live in the house for many years until the price reaches the 2007 peak in around 2020. -
Please don't waste too much money here. The "wedding industry" ranks lower then estate agents in my book. Then again, I'm a bloke.
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Unfortunately, the young are too distracted to organize themselves politically. None of this is new, the demographic changes have been known about for years. David Willetts knows all about it and has written extensively about it, but the young don't vote and are too daft to force change starting now rather than in 20 years time when their grandparents and parents have got away with the loot.
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Stamp Duty Break Could Be On Way For Wales
davidcameron replied to The Masked Tulip's topic in House prices and the economy
Does he also include in his plan how he intends to repay the money borrowed, or is that someone else's problem? -
Seems perfectly sensible to me. They can call the notes now and have to refund themselves at whatever the market would charge, or leave them for another 5 years paying Libor + 100bp to the note owner. Why wouldn't you do the same (with 3m Libor currently at diddly squat)? Luckily for the note owners, the notes have a final redemption in 2016 when they must be repaid. Much worst for the other owners or PIBs that revert to some sort of perpetual FRN at a pretty low spread.
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That's total crap. The big accountants pull in several thousand each per year on their own. Try adding up all the numbers on here.
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30% Crash Says Telegraph
davidcameron replied to VeryMeanReversion's topic in House prices and the economy
2 years of 5% inflation and a further 10% nominal fall. Job done. Probably a lower nominal fall than many on here are expecting though. -
The Swimming 'industry'
davidcameron replied to thecrashingisles's topic in House prices and the economy
What's wrong with it? Sport is entertainment. People pay to watch professional sportspeople and professional entertainers. No difference between a swimmer or a singer. -
Greek Default Could Cost Uk £366Bn
davidcameron replied to OnionTerror's topic in House prices and the economy
Why is it that when the Wail prints a story about house prices rising, everyone here think they're a bunch of tossers and don't know anything but when the same bunch of illiterate journos write about CDS, they're financial gurus all of a sudden and only speak the truth? There's plenty on information available on sovereign CDS. Try doing some research with a slightly more useful source than the Wail. -
What Is A Fair Price For A Small Terrace?
davidcameron replied to Pezerinno's topic in House prices and the economy
Agreed. You've neatly summed up the reality gap on this site (certainly in London)