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kev-all-in

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About kev-all-in

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  1. Great work GB!! - thanks for this, I really miss PB. This deserves its own thread / a better title - maybe the mods could pin it for a while to help spread the word?
  2. I think quite a few BTL landlords are on 2 / 3 year 'teaser' mortgage rates, and some are in for a nasty surprise when they go to roll it on to another low rate 2 year deal and find that suddenly their whole portfolio is assessed and they no longer qualify for any of the low rate deals. And they no longer meet the t+c's of their current deal either so are stuck on the crappy SVR rate sweating their nuts off as their mortgage costs have increased massively, just as s24 starts to bite.
  3. I don't really get what the nub of this story is, what are uber refusing to do? Surely they don't object to the people driving young women around cities being properly vetted and checked out? It's in their interest to weed out potentially dangerous drivers to protect their reputation? (Whether they 'employ' them or not they represent their brand) They must have to comply with similar conditions and requirements in every city they operate in , so what's different about London? Why isn't anyone who picks up passengers for hire and reward anywhere in the U.K. required to have a simple face to face check of their licence, correct insurance, criminal record, immigration status, ability to speak some basic English and maybe a quick health check at the doctors before they are issued with an appropriate licence to carry passengers? TBH I assumed this was pretty much already the case. You have to do most of this to drive a HGV or be a taxi driver so I can't see the problem. Massive fines and vehicle confiscated for anyone unlicensed. (I don't doubt it would be overpriced and over complicated by the authorities though) Why would an uber driver rape or assault their passengers? Surely your exact location, who you picked up, the route etc is all logged and recorded and totally traceable back to the driver? Even if they switched off their phone they'd have to account for that. Why don't uber insist all drivers install cameras in their cars - one dash cam and one showing inside the car? There seems to be more to this than meets the eye, is how uber operate in London different from other major cities around the world? Surely all these problems have been solved multiple times!?
  4. Also in that article... "Sweden takes last place for the third time due to its tightly controlled rental market." anyone know how Sweden are managing this so successfully? I.e. What controls do they have in place and how do they work? thanks.
  5. Nice find! Delicious bear feast there... No more buy-to-let Britain: UK tumbles down Europe's top places for property investing as crackdown bites UK drops ten places in the best locations in Europe to invest in property High house prices already meant it was only in 15th place, now it is 25th Best place to invest in property for yields is Ireland, followed by Malta "British landlords have seen average yields plummet 19 per cent over the past year following an onslaught of tax changes, leaving the UK crashing 10 places in Europe's buy-to-let ranks." "It follows 18 months of relentless change for British landlords who have had to absorb a 3 per cent stamp duty surcharge on all new property purchases since April last year and began to see their tax relief on buy-to-let mortgage interest cut back this April. Mortgage lenders have simultaneously cracked down, demanding more rent to cover buy-to-let mortgage payments at the start of this year while landlords with four or more properties will find it tougher to get finance from the start of next month. "
  6. kev-all-in

    Aberdeen, Aspc Stats

    From the Beeb today... Aberdeen 'worst hit' by hard Brexit, experts predict Aberdeen could be the city worst hit by falling economic output due to a "hard" Brexit, experts have predicted. A new report from the Centre for Cities and the Centre for Economic Performance at the London School of Economics, said all cities would see a fall in output due to increasing trade costs. Aberdeen and Edinburgh were both ranked among the ten most affected cities.
  7. Estate agents' profits plunge as housing market slows Link Two of the country's estate agent chains have posted slumping profits in the face of a slowing housing market. London-focused estate agent Foxtons saw profits plunge 64% in the first six months of this year. Another estate agent, Countrywide, also saw profits tumble, by 98% in its case. The firm said it would not pay a dividend. Foxtons' head said demand had slowed in the face of "unprecedented economic and political uncertainty". Countrywide said house sales exchanges were down 20%, 24% in London. Wow. Cuntywide profits down 98% ! Holy crap.
  8. kev-all-in

    Halifax June 17: MINUS 1%

    Apologies if I missed a thread on this, but how come there was such a divergence between Halifax and NW in 2015/16 when they were so closely correlated before? More exposure to the London megabubblefroth? Can we expect a corresponding over correction for Halifax figures? Here's hoping!
  9. kev-all-in

    Halifax June 17: MINUS 1%

    Great news! And prominently on both bbc news website and radio 6music news all afternoon - nice? I hadn't realised just how bad the monthly figures had been for 2017 - not crash cruise speed (Great blast from the past there!) yet but sentiment is definitely turning negative at last. That said prob b up 0.9% next month whilst NW is down a bit - as someone said def not all manipulated and coordinated!?
  10. kev-all-in

    How many tower blocks will be condemned?

    As per usual this story has the feel of being very carefully managed and massaged, there's so many gaping holes and unanswered questions. Very interesting post re. The electrical surges a few years ago - not heard that anywhere in the news. Makes you wonder if multiple small fires started simultaneously could have been exacerbated by crap flammable cladding and plastic windows. Maybe the other towers that were evacuated had similar power supply concerns? The poor people effected are going to get very frustrated and angry soon - I can see how the fire + incompetent under and then over reaction + sense of a cover up would be ripe conditions for a summer of demos and then inevitable riots. I see the beeb are saying a 'total of 79 people died' - I thought they'd said it would take weeks to know an accurate estimate but we'll never really know for sure?
  11. I've been waiting for a post pcp used car / bike bonanza for years now, but it hasn't happened. (Yet) I was thinking about how few new interesting / performance cars I'd actually want to run once they're 3-4+ years old and the list is pretty short. The complexity of modern cars, the in built obsolescence really puts me off - turbos, dpf and emissions crap, active suspension, sensors and ecu's to control it all etc etc. You're likely tied to main dealers to diagnose and repair them and eye wateringly expensive parts, or specialists miles away. Even run of the mill 'sensible' cars are mostly turbo diesels - how popular are these going to be in 5yrs with potential £2k repair bills around the corner. A mate at work recently scrapped a clean 6yr old Mazda estate when the engine management / dpf shat itself for the 2nd time, mazda dealer pretty much shrugged and wouldn't even commit to a quote to fix it. Same with these 1st gen electric/hybrids - who's gonna want a 7yr old plug in hybrid? I think maybe depreciation will be the bomb that blows up pcp.
  12. I couldn't understand the insane prices pwopertee was making at local auctions, I figured I was under estimating how cheaply the BTL crowd could fix up a renovation project, not really caring how good it was long as it was 'good enough for rental' (ie shyte). Then it suddenly dawned on me whilst going to local property auctions and the open house viewings etc that I wasn't just up against the BTLers - ie retired boomers etc but more the even more evil Trade / Builder BTLer. I started to notice how virtually everyone there was either a builder or some sort of trade. I've got several mates who are tradesmen / builders / property maintanence etc and without exception they are ALL balls deep in BTL, they all help each other out with cheap cash jobs or barter time - I'll 'do a quick skim' of plaster if you'll fit my boiler cheap, I've got a mate who owes me one, you do this I'll do that etc etc., they can also get most of the materials at trade price, or just use left overs from other jobs. Basically it's impossible to compete with these guys, they can renovate somewhere for literally a third of what it would cost me (even doing quite a bit myself), most have ridden the hpi wave adding loads of equity doing up their houses / adding extensions etc which I guess feeds their deposit cravings - whatever they never seem to have much cash...but manage to scrape it together somehow. That said the buiders and trades that don't get consumed in the BTL inferno will have LOADS of work sorting out basically 10-15yrs of basic neglect by most landlords in my experience - only ever responding to problems when they have to, using the cheapest materials and lowest priced 'craftsmen' around. Our housing stock is declining visibly, exacerbated by BTL rentier shortterm profit scumbags. Not too mention just how pathetically poorly built the new stuff is anyway, literally no one gives a toss long as its cheap and we can all go home / get down the pub early. Bring on the collapse. meh.
  13. From the beeb : The mass holidays business and especially selling hotel beds all over the world is a tough one. The margins are negligible. Often - as appears to be the case with Lowcost Holidays - the cash earned for future holidays was used to pay for people that were already away. So if there's a relatively sudden dip in confidence leading up to the Brexit referendum and then the pound plunges against the euro after the vote, that can be enough to tip the financial house of cards that some holiday companies have erected. So basically a PONZI scheme then! How can it be legal to trade openly in the UK like this? no ATOL protection : "The company was therefore not part of the UK's Atol scheme and the Balearic Islands authorities are responsible for the holiday protection arrangements for the company's customers. thanks UK regulators! pathetic as usual. Still I'm sure all the bosses walked away with massive payouts so that's OK.
  14. It is ridiculous that this anti-democratic ignore the result bullsh1t is gaining traction - as mentioned the treacherous bbc and msm are hijacking what should be a proud celebration and turning it into some sort of battle where the 'wrong' demographic triumphed over the 'better, more liberal, younger, more educated nicer' side - pathetic. It's shocking that in these crucial days we've got no one speaking positively for US - the majority of people. No leadership whatsoever and project fear is using that to their advantage without any challenge at all. Bogus petitions, voting breakdowns based on polls that got the result completely wrong anyway and shamefully biased 'analysis and reaction', not to mention bullying from the EU un rebuked. It's not surprising people are a bit shocked, but when the bad news from the EU starts flowing again, more financial uncertainty in Greece / Portugal / Spain etc , political chaos looming in France and Germany etc etc I confidently predict we'll breath a big sigh of relief and feel differently again. I bet if you just announced "ok, we're ignoring the result" people would feel exactly the same remourse for the post BREXIT future we'll have been denied - it's human nature. We need to get on with making BREXIT work, and part of that is getting a positive and confident narrative out there. I urge all other Brexiteers who don't feel regret to get out on social media etc and spread that message - I think positive vibes and reassurance would go a long way with others who feel under attack for being in the majority. Project fear and the propaganda war has gone into overdrive post result - shameful excuse for democracy really.
  15. kev-all-in

    Brexit - Are You Having Regrets? -- Multiple Merged

    I've been wondering about this.....it's going to be the sticking point I think, but what about if we play hardball for a while make the EU sweat a bit because ultimately they are more desparate to get free trade than we are, and then as a concession we state free movement of PEOPLE is a RED LINE for us - there is no way we can accept it end of. but...maybe we could consider free movement of LABOUR. ie if you (the worker) are (actually) working say 20hrs per week on average in a proper job paying taxes etc, and have a clean criminal record etc then fine come on in, and maybe become eligable for citizenship after 3+yrs working and contributing or something like that?? at which point you can qualify for some limited benefits and more importantly family resettlement rights etc. If you're hanging around the streets / sleeping rough / begging etc without working and paying an average of at least 20hrs worth of tax per week we can ask you to leave (nicely) and go home. As they will be working at least 20hrs a week no benefits (whatsoever) should be required. If they're working cash in hand at some dodgy car wash and not paying tax etc it doesn't count. If you get sent home because you no longer qualify for any reason you can't come back for say 5yrs no ifs or buts. So there is some qualification to coming in but it's much simpler than a points based system, they would have to be working and able to support themselves and hopefully not a drain on public funds. The citizenship bit could be exactly the same as non EU immigrants currently have to go through to qualify for them and their spouse. Only spouse and kids - no aunties / uncles / grand parents etc etc. It could even be back dated so anyone here 3+ yrs already qualifies, someone here 2 yrs would only need 1 more year etc. TBH something along those sort of lines was what it should have been all along but there you go, I think this would be a balanced way to go about things. We can set some criteria and have some control over quality, the job market will set the quantity automatically to those that can honestly support themselves. Thoughts?
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