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Scooter

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Posts posted by Scooter

  1. there you go about your hairy biker boyfriends again.

    There are actually 2 interesting aspects to your 'stalking' of me, with your homo-erotic fantasies of catching me in a toilet somewhere scooter.

    The first is that not only am I making a complete and utter fool out of you, but you are also doing it to yourself too

    The second is that you are one of these wierd sad stalker types who, despite havoing absolutely nothing to say (apart from constantly referring to your hairy biker bumchums) you are determined to have the last word

    :lol::lol::lol:

    Oh dear PG, I seem to have upset you! :lol:

    What is this property guru stuff about by the way? Does you fantasy about hotlines to the MPC extend to thinking you run some kind of multi million pound property empire? Hmm, I think that is about a likely as you actually being Hulk Hogan. Like I said, just a sad little waster sitting behind a screen trying to inflate his own ego most likely...

    S.

  2. what the fook are you banging on about now???? Is the sole point of your existence to stalk me thru these forums, speculating about what I might be like in real life??? You aare SERIOUSLY wierd.

    If I upset Chas, I apologize, because I respect him, and his posts, even if he is the epitome of oldfartness.

    YOU, on the other hand, are a waste of air. That's if you even use the stuff. As far as I remember, a lot of single-celled organisms are an-aerobic.

    :lol::lol::lol:

    Just curious mate-don't get too upset about it. I just see this sad little bloke whose only accomplishments (in his own mind) are what he (i.e you!) sees as sharp putdowns on an anonymous property forum. Your avatar, I guess, is what you aspire too but almost cetainly cannot attain.

    S.

  3. it was only meant to be funny Sir Charles. Apologies for ruffling what's left of your hair.

    If you are this lame when you are hiding behind your big, scarey avatar, how lame are you in real life? I am guessing very... Like I said, you seem to amuse yourself though, which I suppose is something.

    S.

  4. not as odd as some hairy-biker fixated wierdo who thinks he is in some sort of position to make comments on the personalities of anonymous posters on an anonymous internet forum. For all you know, SFB, I might BE your hairy biker boyfriend. I see the mods have pulled your more recent increasingly strident posts, including your disgusting links to hardcore porn sites. Tell me again who's odd?

    You sound a little rattled PG.

    I wonder of the mods realised that the Hairy Biker link was a cookery site? Sorry if you were disappointed...

    S.

  5. Look, everyone on here is a stranger to everyone else.

    I could be a well to do IT contractor living the life of riley with an ex model highly intelligent girlfriend who is over ten years my junior.. Better looking then I deserve following a life of excess and misadventure.

    Or I could be a 65 year old fat woman with a mustache called bernie.. (the mustaches name not mine... I mean this fictional character...)

    Or I could be a lonely fool with no one to love me living in dispair at the country and blaming everyone but myself..

    we are all strangers.. getting personal attackes any thin vinear of a character that we can portray on this site...

    and misses the point.

    All bull markets run until they turn.

    There are many things which will drive this market to a peak and then cause it to turn downward...

    Stating that all bubbles burst is a given..

    Getting upset when people discuss the innevitable is childish.

    and claiming that any assett can attain an unafordable price and maintain it through anything but speculation shows scant appreciation of the connection between the word "affordable" and "value"

    We are not discussing if, we are discussing when.

    Apom,

    I can't work out if you are agreeing with me or disagreeing. I think most of the odd abuse is coming from PG, not me. I honestly think a stranger on a webpage who works himself up in text about people he does not know (i.e. PG) sounds a bit odd to me, by which I mean odd if you ever met them in the flesh. I would much sooner talk houses and crashes...

    Why "Bernie" by the way? :lol:

    S.

  6. I take your point, but

    a. I enjoy a good rant, and

    b. in the process of 'doing ok for themselves' many of these people have sh1t on me and others, and I take issue with that.

    As for contributing nothing to the economy, I get my tit squeezed till its black by Brown just like everyone else. In fact after tax I've barely got enough for the rent. So if you look at the money left after tax, I contribute much more to the economy than the city ever could.

    You're wrong about the city, no one would miss it if it got hit by a couple of aircraft. Britain wouldn't grind to a halt. By new hospitals and schools I assume you mean these white elephant PFI deals that exist solely to keep massive government waste OFF its balance sheet, and saddle schools and NHS trusts with massive millstone mortgage payments so that 'frontline' services inevitably have to get cut. Thanks, but the city can keep its contribution.

    Deny,

    It is easy for you to say "the City can keep its contribution", "not in your name" etc but where do you actually think the money to run the country comes from? Not from the corpse of our manufacturing industry (sadly), maybe a bit from the service industries but both are very much at risk from cheaper alternatives in India and China. When you say no one would miss the City, you mean you would not miss it (you do not speak for anyone else necessarily) because you hate all those people you do not know but actually if the City's tax revenues were removed, I think you might miss it.

    I agree there are faults with PFI et al but I was talking more generally about tax revenue to pay nurses, doctors, teachers, the police and other public workers who actually contribute to the country.

    S.

  7. No doubt about it, a hold this month for interest rates but come July 2007 !!!!!!UP BY 0.25%

    Roman is usually correct so please be patient for another month fellow bears.

    My Motto is "Life is too short" and I am delighted thar Property Guru has retained his sense of humour

    Roman,

    Will you be PG's friend?

    S.

  8. Without the vast armies of wage slaves to prop them up, these £100k a year plus monkeys would be NOTHING. Ultimately othing gets done without graft. I have a 2.1 in Maths (gizza job!), but I live in Devon, work to live, and have always hated the idea of commercialism (basically the pursuit of money). Consequently I have had to work a lot of hours for little pay to put food on the table and a roof over my head, having to put up with management pricks in fancy suits talking buzzword b0ll0cks, imposing their ideas and gobsh1te on me so that they can pay me less to produce more, then they take the credit for it. Not one has ever had the slightest inkling of what real graft is, because they've never done it.

    BTW a random process of stock picking will often produce better returns than a fund manager - they ain't special at all - the last thing I'd do if I wanted to make money investing (which I wouldn't - where's the honesty in that?) is give it to a sharp-talking flash g1t in a suit who'll just cream off the top and feed me excuses and bullsh1t.

    And its all these management tools that have stolen any chance of me ever owning a house where I live, because of their greed and stupidity.

    Deny,

    You have been wound up by some fairly crass comments about wealth and salary but your response is loaded with bizarre and unreal stereotypes as those from other people. Do you actually know anyone who works in finance? If you have a maths degree, you could get a City job maybe but if you don't want one fine but why attack those who do? It doesn't sound like you are contributing much to economy at present-it is the City that is paying for the new hospitals, schools etc. that I guess you might use occasionally.

    If you get paid very little for a lot of work and you have a proper degree, maybe you should get a better job (plenty

    of things not related to finance and all the things you hate) and stop moaning at people who are doing ok for themselves.

    S.

  9. jeezuz christ, pooper-scooter, Is that the BEST you can do????

    I'm sorry, but it's like nuking a bunch of pygmies armed with nothing more than sharpened fruit.

    I let you have a small load of quality insults that undoubtedly made everyone else chuckle roundly at your expense, and all you can come back with is the equivalent of 'you are gay'???

    Perhaps you can all see why I put little whiny estate agents like this lift-emptying bum-blast on ignore. It really aint worth my time. Message to the patheti-trolls. Unless you can raise your game significantly, I'm not going to cross swords with you anymore. Or should I say 'dice your sharpened fruit'.

    edit - apom, indeed, irrefutable. But they will still try to refute it. The VIs will be bleating 'thats it, the crash is over' every week all the way down to 2013 in some shape or form.

    I am not suggesting you are gay (or remotely bothered if you are). I have no idea what sex you are. I just think you need a friend or partner. You seem to amuse yourself though...

    S.

  10. as I said, the birdy is 1-0 against. You seem to have some sort of reading disorder. Maybe you should get it checked out. They can probably tell you what part of your anatomy is causing the funny smell, too.

    As to the other poster (the one obsessed with y-fronts) - 'past performance is no guarantee of future success' as you would know if you'd ever done anything but schlepp in to your job at McDonalds day in day out. I commend Nicholas Taleb's excellent book to you. Look for the chapter on survivorship bias. It might enable you to take your mind off gentlemen's underclothes for a minute or two.

    No reading disorder, just a bit curious that you seem to be a bit of a fantasist. Why not get yourself a girlfriend or a boyfriend or a cat or something instead? Much more healthy than posting nonsense on the internet...

    S.

  11. Once again, the little birdy has tweeted in my ear and has told me that in June, the MPC are going to hold.

    Apparently there's nothing they feel they can do now to halt runaway inflation, without crashing both the house market and the economy generally, and they do NOT want to be seen as 'responsible for it'.

    As the little birdy's record so far is 1-0 against, take it with however many pinches of salt you like. just thought you might want to know.

    tweet tweet.

    ...but I seem to remember your little bird swore blind there was a 0.5% rise on the cards a couple of months ago. What happened to that? Your "source" sounds like bollx to me unless you can drop the mystery and say in general terms who you have been talking to (if anyone.) Suggesting a hold on interest rates is what the majority of pundits are saying currently for the very obvious reasons in your post, so no prizes to you or your bird...

    S.

  12. I only bought a year ago. The development isn't finished. Currently being sold at around 10% higher than what I paid so not the huge London gains seen elsewhere but it is a new build. I wouldn't don't expect the price to fluctuate by more than -10 - 10% over the next few years from where it is now but I don't really care because I love the area and won't sell until I decide to move up the ladder (which won't happen unless we get a crash bringing my dream home into financial reach).

    To be fair it is an unusually popular development for rentals and current high demand is probably driving rents up but that may not last if there is a recession. It does shock me when I hear about flats costing 300000 pounds renting for 800 pounds a month. I wonder if people that buy these actually are aware of that fact before they put their money on the table.

    So you bought offplan and it is nearly finished-what makes you so sure it is never going to drop by more than 20%? Sorry but it sounds like wishful thinking to me. From what I have read, newbuild flats are being hit badly already in London and elsewhere. Have a look at Propertysnake.

    S.

  13. In terms of wages, London is different from the rest of the country, in fact, the rest of Europe. Where I work, people commute from tremendous distances to work in London (coming from M/C and Newcastle for example, which, if you are interested, often takes only a fraction longer than some journeys on Thameslink!!). There were even people "commuting" from Scotland and Denmark, although, admittedly, they stayed in leased hotel rooms Monday to Thursday, but even then, with train, plane, accommodation costs, it was the lure of the London Wage which brought them in and still left them quids in

    However,

    The fact that these guys came to London for the money, but did not live there suggests perhaps that prices are too high? Well, the people I know who do this say that they can afford to live in London, but why bother buying a 3 bed terrace for £450k when they can buy a 5 bed detatched for the same money? They also tended to be people with families established in the regions and they just did the slog commuting wise, to get London wage, but did not want to uproot the family.

    In terms of average London wage Of 10 people I know well enough to know their salary, the average between us is around £70k. To be fair 8 of these guys are accountants and all work in the city. Again, nto a fair reflection on London as a whole because for every office there are cleaners, caterers, security guards, maitenance guys, painters and decorators etc so that £70k will be deminished I am sure if you throw everyone into the mixer.

    Maybe everyone who does not earn a "City" wage but owns their own house in London (btw, what defines "London"? it is massive!!) bought in the 80's ?? I have no idea how they would manage it now!

    Sadly even £70,000 does not get you that far in London.

  14. i think you need to be seriously loaded to live comfortably in london- or you need to have paid off your mortgage- unfortunately for me i dont fall in to either of these categories.

    And i completely agree about London being financial capital of europe- the only way i can see london prices plumetting is if there is a financial crisis-which decimate the financial centre- i know bears say that a hpc would cause this- im not convinced.

    I am not so sure. There are only about 4000 people earning £1m+ bonuses plus rather fewer Russian oligarchs than the Mail would have you believe. There are also plenty of City workers I know who are not about to bang a large wedge into property at what may be the top of the cycle just because they can. Also, from an investment, as opposed to somewher to live, the stockmarkets may well look like a better home...

    S.

  15. This is true. It's great here :)

    London is Europe's (and arguably the world's) financial capital right now, and is supported by the highest GDP per head in Europe - and 45% higher than the UK national average, so this would support those views.

    ...but the average salary in London is circa £60,000 last time I looked, so about 250% average UK salary (granted very unevenly distributed in London), so the multiples don't really stack up.

    S.

  16. London finally breaks away from Britain

    By Edmund Conway

    Last Updated: 12:01am BST 31/05/2007

    So it has finally happened. Slowly, silently, and without most of us noticing, London has detached itself from the rest of the country and is now floating off serenely into the sunset. There were cracks and moans as the tectonic plates started to shift in recent months, but it was not until yesterday that the Land Registry finally confirmed it.

    House price growth across London has hit a five-year high, it said. Meanwhile, values in many other parts of the country are dropping, with property prices in Yorkshire and Humberside tumbling at their fastest rate in at least seven years.

    The economic dichotomy is expected to yawn wider still in the coming months, which prompts the unsettling question: might vast swaths of the country be sliding towards a housing crash while London experiences the biggest boom in recent memory?

    advertisementIt looks increasingly likely. More than ever before, London and the South East are behaving almost completely independently from the rest of the country. The smartest parts of the capital are experiencing the biggest boom since the 1980s.

    Prices have been catapulted sky-high, as bankers, hedge fund managers and lawyers cash in their bonuses on property. Thousands of multi-millionaires from around the world want to live in London's poshest postcodes - think Mayfair, Chelsea and perhaps Notting Hill. There simply isn't enough room to house them all, let alone the less well-off families who are priced out of the market. At heart, it is simply a dramatic mismatch between supply and demand.

    Meanwhile, in the rest of the country, house prices are flatlining at best - and are falling in many regions. In these counties and cities, which are rarely touched by the money gushing out of the Square Mile, life is getting very tough indeed. Interest rates have climbed up from a post-war low of 3.5 per cent to their current level of 5.5 per cent. Many City experts think there will be a further couple of increases - the next of them perhaps as soon as next week.

    This is causing problems for property investors, too. A study this week from RICS, the surveyors' association, showed that buy-to-let landlords are having to ratchet up rents at an almost unprecedented rate to try to make any money from their investments. In fact, an increasing number are being forced to sell up.

    Rates at six per cent may not seem like much of a hardship in comparison with the late 1980s and early 1990s, when the government lifted borrowing costs as high as 15.4 per cent - but don't be fooled. Because we are all now more indebted than ever before, we are much more sensitive to even the smallest twist of the screw.

    This will only get worse. If the Bank of England does lift rates a couple more times, the proportion of our monthly incomes spent on mortgages will hit the highest level since the midst of the last housing crash.

    But a word of reassurance: even if some parts of the country do see house prices fall, the impact on the economy as a whole will not be as severe as in the last crash. Back then, prices slumped dramatically and left one and a half million people facing negative equity.

    This time around, banks have been more reluctant to let people over-extend themselves, and so aren't lending quite as generously as they were before. They, after all, are the ones who pick up the bills if people start defaulting.

    The fact that we now have an independent Bank of England is another key advantage. Unlike in the late 1980s, when borrowing costs were set with the disastrous aim of making the pound shadow the Deutschemark, the Bank will react if the housing market tanks and will cut rates if things start looking hideous.

    Gravity will soon catch up with the London housing market as well, though in its case what happens to interest rates will be far less important than the fate of share prices and bond markets.

    The best that households can do right now is to tighten their belts as much as possible, avoid running up new debts and think very carefully before plunging into the buy-to-let market, where the potential returns are now looking far from tidy.

    Whether it is buy-to-let or simply over-indebted households that eventually ***** the bubble remains to be seen. And as for the timing, and the amount prices fall: well, as the Bank of England Governor, Mervyn King, frequently says, guessing that is a fool's game.

  17. From yesterday's Irish Indo:

    Spanish property slump fears grow

    Wednesday March 21st 2007

    IRISH holidaymakers who have invested in the Spanish property market could be in for a shock following concerns that it could face a slump worse than that in the US.

    The fears are based on the loan terms banks are imposing on developers. According to data compiled by Bloomberg, property magnate Fernando Martin, the former Real Madrid soccer chairman, and Barcelona-based Promociones Habitat are paying five times more to borrow than US developers.

    Analysts said that banks are imposing terms on property firms similar to those for defaulted loans.

    Madrid-based RR de Acuna & Associates said that estate agents in Spain are expected to cut the prices of holiday homes by as much as 10pc this year. The company values property for about 40pc of Spanish mortgages.

    Analysts have also said that a slowdown in Spain may have a "psychological" effect throughout Europe.

    Spanish house prices averaged €276,300 in December - twice as expensive as in 2000 and beating growth rates in Ireland and Britain, according to figures from Irish Life & Permanent and the European Mortgage Federation.

    Irish, British and German holidaymakers fuelled sales of four million homes to foreigners, according to the Vacation Homes Agency, an organisation in Madrid funded by developers.

    Construction made Spain the biggest driver of economic growth in the euro region this decade.

    Property spending by foreigners dropped 11pc during 2006 to €4.9bn, according to Bank of Spain figures released last week. New mortgages sold to Spanish families fell by 10pc.

    The Organisation for Economic Co-operation and Development said earlier this year that house prices in Spain may be overvalued by as much as 30pc.

    A sudden acceleration in interest rates could cause an "abrupt adjustment in which prices would plunge", the Paris-based OECD added.

    ReMax International, the second-biggest US estate agent, said it cut prices as much as 26pc on more than 5,000 homes in Spain in January. A slump may also hurt Spanish banks. Santander Central Hispano and Banco Bilbao Vizcaya Argentaria lead banks owed €1.3 trillion by developers, builders and mortgage holders. (Additional reporting Bloomberg)

    Ailish O'Hora

    Excellent-I wouldn't mind taking a nice villa off their hands at some point for a sensible price. Unfortunately I have Madrid or Barcelona in mind, not the pueblos de los chavos in Alicante... :(

    S.

  18. be happy

    [i shouldjust leave it at that: "Be Happy :-)"]

    personally, i'm not entering into an enormous mountain of debt when i can rent for half the price of an I/O mortgage [cheap flat + York is strange, it really is 50% of the price of a mortgage for equivalent flat...]

    watching people spend so much money on a flat just makes me laugh

    It is funny. It will be funnier if I am finally proved correct in expecting a crash but I am wavering a bit. Who would not with this sort of thing going on? It still feels like the dot com bubble or 1989 pre-crash.

    S.

  19. Anectdotal only but even so:

    Nice 3 bed, large garden flat in my road, Belsize Park Nth London, been on the market for about two hours this morning, potential buyers invited by text and by 10.30 about a dozen people were jostling to get around the place, asking price £1.5m. It will probably sell for more.

    It just feels like the craziness will continue for ever but at the same time the desperation just screams "bubble" to me. I am not sure whether to be happy or sad. :huh:

    S.

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