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Berk-hater

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Everything posted by Berk-hater

  1. I see the UK in pretty poor company amongst that chart. The bit I can't get my head round is this: If the major economies have been running on invented hypothetical money not actually backed up by anything physical (at least that's how I understand it) how can we not get deflation when the scam is exposed and all the imaginary money disappears? Is that not what would have happened if they'd let the banks go bust? Surely when someone defaults on an unsecured debt then (assuming debt is money as many on here have pointed out) that money is no longer. I'd love to see hyper deflation, but I just
  2. This one did, I love this response! "******ing hell no. £2200 a month take home pay and a £1000 mortgage at the lowest rates for donkey's years? You will be screwed if the interest rates go up"
  3. Here's a BBC story about Tower Hamlets today highlighting their ability to fritter away taxpayers money. The majority of councillors in this Borough are Labour. Labour is not mentioned once in the article.
  4. Exactly. I like the fact that the current prime minister isn't on the tv every day, selling propaganda. I'm hoping he really is "getting on with the job" instead of promoting his greatness, unlike Brown who was just full of sh*t. Unfortunately the general public, having become accustomed to a constant stream of positive media bullsh*t probably see that as a bad thing.
  5. Yup. Glad it's not just me that sees it. "Conservatives bad, Labour good."
  6. "Wouldn't it be nice if the deficit/surplus built up by one administration is frozen until they come back into power - it would certainly make them behave better wouldn't it." It's a nice idea, but it's the electorate that's to blame. They kept voting for the cash machine whilst ignoring the fact that the massive growing bill was going to have to be paid out of their account. Now that the bill has to be paid they've voted to for a different bank manager and expect that to make a difference.
  7. THIS is a 5 bedroom house in a village location for the same budget http://www.rightmove.co.uk/property-for-sale/property-32125889.html
  8. It's an end terrace with a loft conversion and a small garden! You were right when you said you put in a silly offer! I think you've had a lucky escape.
  9. I bet it comes back on the market because the buyer couldn't complete. Where is it?
  10. Correct. Not even going to bother explaining why, just forget about it. P.S. Don't suppose this is the £125k flat you were considering buying in N London?
  11. Indeed, I'm not "celebrating" either, just not feeling terribly "sensitive" about it! And I guess I'm not feeling terribly sensitive about public sector job losses either, primarily because I see on a daily basis the utter waste and inefficiency therein. It follows therefore that those in the public sector that lose their jobs were maybe not entirely necessary in the first place.
  12. I don't feel like sh*t thinking about it. The OP requested advice on "sticking two fingers up at the bank under English law". What did the bank who lent them the money do wrong? Apparently they had a deposit and borrowed at a sensible level, the bank gave them what they asked for and it would appear they did it in a responsible manner. The persons concerned have also had a dual income and have presumably made progress paying off the mortgage over the past 5 years, particularly in the past 2 years whilst interest hates have been so low - subsidised by me apparently. Where is their contingency p
  13. Let's be honest, isn't this a classic example of what many on here have been waiting for? I could have bought a house in 2005 with a sensible deposit, and "responsible" level of borrowing, but I simply could not bring myself to pay so much money for a pile of bricks on a little piece of England. Paying 2005 prices for property was, and to my mind still is, stupid. Added to which it was clear to see in 2005, and before, that the entire country and its government had gone way over the top with the amount of debt that had been taken on. In 2007 after a further 2 years of ridiculous HPI I was in
  14. I see absolutely no reason for you to take this jump now. I only see good reasons for you to wait. Ask yourself this question: What do I have to lose by waiting?
  15. Offer the vendor a kick in the teeth, if he doesn't like he can always walk away, before he gets another one.
  16. But still not as ridiculous as the price!
  17. "The Bank’s monetary policy objective is to deliver price stability – low inflation – and, subject to that, to support the Government’s economic objectives including those for growth and employment" So says the Bank of England on their website. Seems to me that inflation is a secondary concern behind "Government’s economic objectives".
  18. Err, no, it's about risk. The metaphor stands. Risk applies equally to car insurance as it does to banking in terms of loans. The risk of falling trees, rockslide, lighting strikes etc still applies to bank loans. Fraud and regulatory breaches are a separate issue.
  19. Being irresponsible is a choice and therefore it's "on purpose", i.e. without regard to others. Therein lies the connection to the original post. The philosophy being "Someone will always have to pick up the bill, as long as it's not me, that's perfectly ok."
  20. LOL. Yes, I do, because it's stupid to crash your car. It's irresponsible, it's careless, it's dangerous and it's wreckless sic And I'm properly and fully insured, the car is properly maintained, taxed and paid for. Because that's my RESPONSIBILITY in the society in which I live.
  21. That's a bit like saying there's nothing wrong with crashing your car, that's how insurance works. Well if we all did it deliberately then "insurance" would no longer work. Same applies to banking.
  22. Sadly I've reached the same conclusion. I just hope I'm wrong, just like I was wrong when I thought house prices were getting ridiculous in 2001.
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