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House Price Crash Forum


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About planit

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  1. This graph has always amused me, not only do they have the red trend line increasing meaning that at some point in the future houses will be worth more than all the money in circulation but it is actually exponentially increasing (curving upwards) so it is getting more detached from reality going forwards. There is no argument I can think of to make it curving up rather than a straight line (someone please correct me if needed).
  2. I don't see this happening, there are people with huge resources that think they can benefit from the problems of private landlords. These companies are being given huge amounts of money by banks in this crazy world where astronomical amounts of funny money get thrown around. As long as the banks are happy that property is a 'safe' investment they will continue to fund the crazyness. it will take the risk profile to change for them to start pulling the money back (taking the umbrella back when it is raining) but will the government allow this? If Boris gets in and Brexit happens there will be a huge boom push, I can see a huge amount of effort being made to prove that Brexit was the right option.
  3. I never said he was a good business man or not a risk taker. But he wouldn't have made the money to go bankrupt each time without being a good negiatiator. Anyway I am not here to defend Trump, the fact that he was elected shows how bad everything has got around the world. It is insane that America's impression to the world is Trump sitting in the white house doing his tweets. Trump and Musk both need baby-sitters in between them and their phones to avoid serious mistakes being sent out.
  4. This is complete rubbish, a good negotiator would have seen the end game they were being pushed towards and would have realised it was not acceptable to anyone. A good negotiator also would have done some posturing, there would have been loads of propaganda that a no deal Brexit was ok and would make themselves be seen to be preparing for it. The EU was in complete control of the media information war throughout the process. This is nothing to do with liking Trump but over the past x years in business he has shown that he is a very shrewd negotiator. Your comment shows that you are blinded by the 'Trump is an idiot' mantra that he uses to get his own way every day.
  5. Ok, so I am not alone. A lot of people from this country died to avoid us following rules from Europe with no recourse. Now we want to voluntarily sign up to basically the same agreement (albeit with a more friendly foreign government). One ironic thing is that the original article 50 put some obligation on Europe to try sign a fair agreement and let us leave but the 'Brexit' agreement has nothing of the sort.
  6. How naive are you? There is no time limit and no obligation for EU to sign a new deal. There is no way anyone would give up the high ground if they already hold it. This means the EU will only sign a new deal if it is in their interest to do it so the next deal has to be at least as good as this for the EU. If I was the EU as soon as this agreement becomes legally binding I would start using my influence to get companies, banks, manufacturers to move from the UK into Europe. I would start passing laws that shift future decisions in my favour with regards to future investment. I would start squeezing the UK until it starts squealing and willing to sign up to anything. In a negotiation no one would do what May has done, Donald Trump must be laughing his head off at the incompetence of the UK. I also feel that business people and the media are mainly worried about losing their next bonus and that is why they are pushing for a deal, this agreement is incredibly long term and it is pointless voting one way because we are going to have 2 years of trouble. People make things work when they have to but there might be a few months of chaos.
  7. No one in their right mind would sign May's 'Brexit' deal, it is not Brexit at all so as far as I can tell it will be the complete opposite of what the Brexit voters wanted. Neither is it what the Remainers wanted. I can't understand why anyone is trying to push forward an agreement that zero people in the country want. 1) My first choice at the current time is to rip up article 50 2) My very close second choice is No Deal Brexit 999999999) The other option seems closer to selling the entire country to a foreign power for minus £65bn. The agreement from what I have read says we will follow all their current rules and any future amendments they might make for the next XX years (fill in any number from 1 to 99) and at the same time we hope that they will, out of the goodness of their heart, sign a superceding agreement giving us our rights, economics and laws back*. * I would like to note that it is completely in their interest to make things as tough as possible for us because if we do well it is not going to look good for their EU vision. Also there are European politicians that personally don't really like the UK and would like us to do badly out of general human spite. I apologise if this has already been discussed 100 times before.
  8. The chances are that you would never get it back. Overheads and regulation increase very quickly and you get inefficiencies employing people rather than doing it yourself and having to manage them all. I would guess that the percentage of companies that make this jump successfully would be a minority rather than a majority. The current system favours people who are willing to do cash work and tricks to stay under the threshold rather than people who honestly want to expand a company and pay the taxes as intended. Some change is needed as currently an individual tradesman just charging labor could probably earn £80 + £20 cash before they would have to register and once they register their income could fall by up to £20k (they couldn't just add 20% on to the bills of clients that are not VAT rated). Responding to another comment earlier in the thread, I would guess that over 99% of retail spending in the UK is to VAT registered companies so this will not make much of a different to consumers' monthly spend.
  9. So what exactly does this mean, the Germans want to sell us a BMW for £40k, What happens? Surely if this is going to mess with everyone's economies then there will be a vote round it. The Europeans are trying to scare us into a new Brexit referendum.
  10. There is no reason we are doomed yet. What is clear is that In the UK there is a blame game going on where everyone is trying to trying to save their own face (kind of shows why the population voted out) The hedge funds banks etc are trying to pedal their own agendas to make money out of this (panic/swings) We are extremely important to our European trading partners including Germany (you can see this by the comments and blaming going on from the other end - they are almost more worried than us and their stock markets fell further than ours!) Europe is an equally important trading partner for us. We are too big to be pushed under the rug like they could do with Iceland and more important so will need our own rules unlike Norway When all the shouting, blaming and money making ends it is in everyone's interest to come up with a sensible trade deal that keeps everything going smoothly like it has been. It is almost as if everyone on here has forgotten that it is the EU that has been on the brink for the last 8 years more than us, They are terrified of the European project failing, we are not terrified of anything now as we have already voted out. On this forum we debate what will go on years before Westminster couldn't see it coming so please keep the standards up!!!
  11. "If we look at buy-to-let throughout history, except for one relatively small dip caused by one or two lenders during the financial crisis, buy-to-let arrears have been half the level of owner-occupation" Is this not because the lenders repossess or take action on BTL arrears but leave OO alone (as its their home).
  12. Have you any evidence on this? I thought it was the other way round, sugar is added to everything these days. (even the salad I bought from Tesco the other day had sugar added to the chicken, the sauce and the peppers)
  13. I am too tired to work the figures at the moment but if interest rates go up doesn't this hugely increase the cost of this change?
  14. So, the ECB have frozen the funding for the Greek banks. Surely this means the banks have just collapsed and are bankrupt as they can not pay their creditors? ...But since Greece is still in the Eurozone don't the ECB have to pay out to the depositors up tot EUR100k? Something tells me there is some negotiating going on in the background as it would get really messy for the ECB if the banks go down tomorrow. Tsipras has nothing to lose but the Europeans have everything to lose. If Greek depositors don't get their money back would this be the second in a row where the guarantee meant nothing? http://www.ekathimerini.com/4dcgi/_w_articles_wsite2_1_19/03/2013_488598 Should anyone believe any bank guarantee from a government as it seems the law will just be bent or broken as soon as it suits?
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