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Running Bear

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About Running Bear

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    HPC Poster
  1. It seems more and more lately that we read about impending doom on here and then in the papers a week or more later. These shysters have been too free with other peoples money in order to secure their bonuses and have not had the balls to admit to it untill the creditors kick the door down and grab them by the balls. If there is one thing I hate it is mealy mouthed shysters smart talking and lying whilst burning snorting or gambling my money. Edit Forgot link http://www.ft.com/cms/s/0/80b04f62-54fe-11...00779fd2ac.html
  2. Nice Mate, mine is 13 months and a joy. They make all this cack (HPC) we are worrying about seem like miniscule rubbish. Hope all is well with the lady and baby and good luck. Mr Running Bear
  3. I can speak for Canada. There is a property transfer tax of around 1.2% where I live in BC. This I believe may be waved if it is your first ever property purchase. On new houses there is a GST tax or 6%, again this may be waved for FTBs and heavily reduced if the house is your primary residence. Generally speaking housing transactions are relatively cheap other than the realtor fees of around 4% (I know I still cannpt get over it) Lawyers fees would be generally under 1k CDN, as far as I know there are no other charges.
  4. This Article is talking about the US. From what I am starting to read in the national press over here it is very close to the truth. The yanks actually have a law against flipping, but define flipping as where vendors collude to sell to each other (ie between relatives of employees in the real estate office) one unit in a complex prior to completion. This will increase the values of completions in the area (which is what value appraisers go on) and then justify the inflated value of the rest of the development to banks when they are sold off to joe public. Instances of it are widespread, and I would not doubt has occured in the selling of new build 2 bedders in the UK.
  5. Personally I have STR'd and taken my 150k with me to climates sunnier. Was thinking of heading back in the future, but 3 years in Canada have made me realise how low the quality of life is in the UK. Now am loath to even come back for a holiday. Still hoping for a crash though to help out family and friends back home.
  6. I think PG is the monkey, his sayings are similar and he has that same love for the homoerotic male spandex ballet that is wrestling. Cant argue with his current arguments though.
  7. Agree 100% but your timing is off, Most of the Chavs are not up until noon, would think it would take until early afternoon before the first brick is thrown.
  8. Are we not due a little hat eating after this decision? Photos please. The comments on the bbc are interesting, there is a lot of panic and fear there. Will be interesting to read the Suns take on all this.
  9. Canada - particularly the western provinces is a great option. The pace of life is slower, cheaper and generally healthier with all the wide open spaces and fresh air. Link answers your questions on the Government website. http://www.cic.gc.ca/english/faq/index.html#immigrate If you are genuinely interested I will post some usefull advice gleaned from my experience at the weekend. Canada works on points system, is very open and transparent and hence you know before you apply if you will make it or not. Points given for education, job, age etc. Application always seems to take 12-18 months like clockwork though if all docs filled out all right. I moved over here and never looked back.
  10. I have been living in Canada for the last 5 years, and I can agree with most comments in this thread. No matter how much I settle in and enjoy life here, you still miss the little things about the UK. The HP sauce and Branston pickle are not the same - they are tailored for N American palates. The humour is not the same, it is slower and more obvious. God I miss the British sense of humour. The sports over here are almost unfathomly different and utterly destroyed by adverts. Thing is though, despite these little annoyances, I would never move back to the UK. I would be swapping a life of comfort over here for a low quality of life in the UK. Despite complaining at the housing asset bubble over here, I can still comfortable afford a 1400 sq/ft townhome with 3x income. I would like a detached house with its own garden, but what can you do. In the UK I would be lucky to stretch to a former council house in a crime ridden area. Canada is for the most part a fantastic compromise between the UK and US, We have same standard of living as the US, but also free nationalised healthcare as in the UK. People are way nicer, down to earth and friendly. Gun crime is the same as in the UK, with lower levels of violent crime. Still miss blighty after these 5 years, but not enough to move back and suffer the appalling drop in living standards.
  11. This article in USA today claims the Fed will continue the rises, Link - USA today Says added two more - so that is at least 5% then. And whats this, the japanese and this tin foil hat fella think 5.5% by the end of 2006, I realise this may all be crap, but is nice to see a break in the ranks. Instead of all this constant VI clamour for a rate cut, slowly but surely the leading economists over here are breaking ranks and admitting that the rates HAVE to rise. A bit like we are seeing on this site at the moment with the old school bears taking off their bear suits. I think we will see the fed at 6.5% by mid 2007 IMHO. I may be wearing a tinfoil hat whilst writing this, but I think we are in for a slow decline. There are too many construction projects in N America in the pipeline that simply cannot be turned on and off like a light switch. I believe that from now to 2010 as many of the projects wind down, we will see a gradual reduction in construction sector related jobs, combined with a gradual slip into a slight recession and the resultant reduction in consumer spending (that we are already starting to see). IMHO, interest rates and unemployment will ratchet up slowly from now to 2010, with a corresponding slow decline in asset and commodity prices. I think this process in the absence of a decent trigger will reslut in a frustrating slow process that will frustrate bulls and bears alike. Of course, it all really comes down to what the bond market makes of all this, I am interested to heard what you more economic minded people make of this? Will the bond market increase the spread between lond and short interest rates if the Fed increases continue? I understand most of the economics discussed on here, but put more faith in first hand information - namely the timescale of major civil projects, housing starts and job market etc. Edit - messed up the link
  12. Too be honest I see her only option being emigrate and change her name. I emigrated the second I got my degree, but had no student debt to speak off. I would encourage any one nowadays to follow "miro2021" advice and pay off student loans with credit cards before absconding. There truly is nothing left in britain but debt and servitude for those silly enough to stand up to their responsibilities and work.
  13. Chewing gum over the petrol cap works wonders. There is a small hole in the key hole, or on cars with no locking cap the hole is visible on the inside. The fuel pump will create a vacuum in the tank, and as soon as this happens the car will run out of fuel. When taking off the petrol cap, an inrushing of air can be hear if you listen carefully, and then the car will run another 2 miles or so before conking out. Very frustrating and funny. On modern cars the check engine light comes on for some reason too (so I am told.....distance.....distance)
  14. I think this is HUGE news. We all know deep down that it is all about interest rates, and they have been so low throughout the bubble that we don't need a huge rise to do it (ie 4-6% will be a 50% rise and would prob be enough). At the risk of sounding like a semi retarded mackaw, as this is what I always say : When interest rates go up by at least 1% And the sun tells all the dumbasses that they have gone up and there will be a housing crash, Low and behold there will be a housing crash. Much as I hate that dumbed down sleasy sensationalist rag, like it or not "it was the sun wot won it" While I am at it, here is the dumbed down version. USA today Running Bear
  15. A good friend of mine, upon hearing my credit card was paid off said to me "what are you thinking buddy, you could get hit by a bus tomorrow. You don't want your last thought as you lie dying to be 'there's 5 grand on my credit card I could have spent' " We had a good chuckle but its quite scary on reflection.
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