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Toto deVeer

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Everything posted by Toto deVeer

  1. This is effectively what happened to New York in the 1980's - it was purchased by the Japanese. Not sure that Britain will have enough gold to buy London back afterwards, though.
  2. What I think of Starbucks Coffee: (OK, I couldn't resist it...)
  3. What about the effect of new restraints on buyers with children - ie deducting something like 1000/mo per child? Won't this have a big impact on larger detached residences?
  4. Master globalist doctrine becomes the legal basis for American drone policy: Source: Telegraph
  5. Actually this outcome could be the result of a period of generally falling interest rates - first in accumulated the equity last in can't.
  6. Sorry I hope you didn't take my comment as a criticism - I was just pointing out the real problem - and that is that finance has overtaken real production and skill during the last 30 years or so. At present no politician has the will take pre-emptive action to introduce a remedy , so we will have to wait until circumstances force it upon us. Atlas Shrugged.
  7. Speaking from experience having children attend University there are companies set up specifically to run large, purpose-built rental complexes that offer community facilities. These folks provide a fit-for-purpose, professional, law-abiding and regulation compliant service. Then there are the house renting slum lords who need to be taken to court - or imprisoned - if I had it my way.
  8. Much of this problem is not intergenerational. It has to do with the creeping financialization of each sector of the economy. The BBC article is a bit misleading on this. I don't like this intergenerational argument - it is a diversion from the real cause.
  9. To 2009 or so, expectations of the youth were never higher in history - needing to be brutally dashed since. Whose fault is that? Is it really worse than 1910 or 1930? Or many other periods in history?
  10. If I'm not mistaken, property has tended to perform better (in terms of appreciation) under labour than conservatives, from a post WW2 perspective.
  11. It really comes down to this 'non-linearity' that Kyle Bass introduces - when the interest on debt rises exponentially and tax revenues rise linearly the game is up. Japan is entering this phase. The UK will follow. Currencies fall.
  12. In these areas getting property is like fighting in a rugby scrum. But I mean't captive in terms of the tenants are captive to the landlord's whims. Some tenants would likely be buyers were it not for btl's influence in these areas.
  13. I wish it were so simple but in areas with good schools the BTL have a captive market. In areas where there is employment of any kind the BTL have captive market. In University areas the BTL have a captive market. Everywhere else is probably as you assert. But these are the less desirable areas generally. What is needed is for the government to get out of the business of subsidizing property - and letting property reach its natural value. But I suppose the Queen would never approve such legislation.
  14. "when it get serious, you have to lie" "My main concern is to protect people from detriment. That's why I feel practically compelled to make sure that no dangerous rumors begin to circulate. I'm certainly not going to go to confession because of a false denial. God understands more about the financial markets than many who write about them." "We all know what to do, we just don't know how to get re-elected after we have done it." -- Jean-Claude Junker
  15. No worry. The Federal Reserve has 'full employment' as a mandate. That'll fix it. How Algorithmically Created Content will Transform Publishing
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