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House Price Crash Forum


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Everything posted by JPJPJP

  1. How many MPs rent off other MPs? Since the expenses scandal tried to stop MPs getting a house bought by taxpayers, I am sure some just rented their London places to each other, claiming the rent on expenses of course! So we are still buying the house, but they are living in a different one - that we are also probably buying as well
  2. car sales are surely driven (see what I did there?) by availability and cost of finance It has been pointed out by several commentators in the US that the percentage of auto loans that are classed at subprime are now higher than they were in 2007 and that the $ value of loans isn't far behind the peak lending rate Here in the UK I have two cars on lease, one taken out in October 2014 and the other in December 2014. They are on lease because that was far and away the cheapest way to own these cars for 2 years (my preference). In terms of credit checks, none show on my credit file for either car. Both are financed by the manufacturer's captive finance company and (I repeat) neither has been seen to conduct a credit check on me prior to authorising the lease. In the case of the latter lease (which I did at a Dealership in person), the sales guy, half jokingly, said that if my debit card payment for the application fee went through, that would do. The application fee? £99
  3. +1 If the increased IHT threshold is to enable wealth to be handed down to the next generation, then there is no place for singling out a house as a special asset worthy of special treatment By all means increase the threshold to £1m, but treat a £1m share portfolio in exactly the same way as a £1m house
  4. Not one that I had seen before - elite investor club But, the moment you click on the portfolio tab, all becomes clear - its another property club Are these still viable - haven't enough people been put off yet? http://www.eliteinvestorclub.com/portfolio/
  5. Last time I investigated (on cocoa), fairtrade was anything but fair to the people at the producer end of the supply chain and I have never thought of it in a positive light since. I actively avoid fairtrade products Not that you should, but I do
  6. It is probably best that you totally ignore this and all their other quarterly reviews and outlooks then
  7. here is one in Warwickshire for a more moderate 19 cars http://planningdocuments.warwickdc.gov.uk/online-applications/files/E498DB22E63441AE935308249994AF4A/pdf/W_12_1436-Lower_ground_floor-560157.pdf
  8. Indeed, it isn't my place to advise or try to put her off moving - she is more than capable of making her own decisions I can offer some thought provoking comments based on my beliefs about the market but, ultimately, it has to be her decision Advising someone not to buy over the last 14 years would have been very bad advice in reality, even though the arguments would have been almost as sound as they are today
  9. was speaking to a friend who is ready to move (up the ladder) in and around GU7 very excited by the 2% monthly increase and 8.5% annual increase I asked her how many people she knew that had received either an 8.5% annual pay increase in the last year or, more specifically, a 2% monthly pay increase since xmas I don't think the penny dropped, but I sensed that it might, at least, have moved a bit closer to the slot...
  10. isn't a supermarket run a bit like a bank run, but slower? as more people stop going, the stores feel empty, the staff get disheartened and the service gets crapper and so more people stop going and, on the other side of the street, the Aldi staff are smiling and rejoicing in bonuses as their store hits another new record and that makes it a nicer place to shop, so more people abandon tesco for Aldi etc. And then suppliers start to get brave and see that they suddenly have a little bit more power in the relationship with tesco - just enough to say no to a couple of things in preference to doing something with Aldi ... ...
  11. not for many tens of pence yet surely 160 as mentioned by killer bunny seems a reasonable target for now, but that needn't be the end of it I'd rather buy at 170 on the way back up than 160 still on the way down
  12. Buy Copper 3.00 today, double bottom territory on the daily chart according to someone on my twitter I won't be, but I can see the sense in the call
  13. silver is an interesting chart lowest since march 2010 a lot of holders will be shaken by 11 out of the last 12 weeks being negative stop loss triggers could indeed be hit price could go anywhere from here in my amateur readings of the chart, $16 is more significant that $17 and might come sooner than some expect agree with posters above that $1180 remains the key number to watch on gold I am sitting on my hands as far as PMs are concerned just now I have, however, taken a small short on the SPX500 today.
  14. would it be wrong to offer to add a few more quid into Fergus' proposed 'one round bare knuckle fight' prize fund in order to tempt the estate agent to participate?
  15. US rather than UK, but some similar things are applicable Hoisington Q2 view - I like the Hoisington quarterlies, they seem to speak sense... http://www.hoisingto...HIM2014Q2NP.pdf Starts Thirty-year treasury bonds appear to be undervalued based on the tepid growth rate of the U.S. economy Ends Additionally, with nominal growth slowing in response to low saving and higher debt we expect that over the next several years U.S. thirty-year bond yields could decline into the range of 1.7% to 2.3%, which is where the thirty-year yields in the Japanese and German economies, respectively, currently stand.
  16. What would the finished house be on sale for in the current market? £350k? There is about £100 - 130k build to do that to a good spec...
  17. I think the surprise is more about how easily they 'got away with so much' isn't it? At least one generation and likely several are indebted to pay for this. And it still isn't over!
  18. How about the number (and value) of those loans that are interest only?
  19. Andrew Huszar was in charge of 'doing' QE1 in the USA Back in the autumn last year he wrote some pretty scathing stuff about in the WSJ http://online.wsj.com/news/articles/SB10001424052702303763804579183680751473884 And here is a recent interview with him Mike Covel - its a good listen http://traffic.libsyn.com/trendfollowing/251.mp3 There is a lot in here, the bits that resonated with me on first listen... - QE1 was The Fed essentially purchasing 10% of the US housing stock - Despite QE driving the ten year T bill yield below 1.5%, mortgage rates in the US never really went below 3.5% - Every transaction the Fed did to buy an MBS had, of course, commission / fees to be paid (to a bank). Hundreds of millions of dollars of fees were paid
  20. NZDUSD So, in the run up to yesterday's RBNZ decision, we saw articles like this http://www.investing.com/news/forex-news/forex---nzd-usd-edges-higher-ahead-of-rbnz-statement-297047 Then out came the decision - rates up 0.25% (again) Statement accompanying painted a pretty poor picture (so much so that I went back to check that the decision had been an increase and that I hadn't misread it) NZDUSD down 120+ pips.... Talk about a rate increase being priced in!
  21. still can't get excited by gold just now I expect it will retest the 1179 level, but wouldn't be surprised if it went up and down a bit before then. a market like this isn't for me just now I am watching EURCHF. If that gets close to 1.20 and prompts some SNB intervention, it could be a trigger for all sorts of things, including the gold price starting a decent up move. If EURCHF gets down there, I will look at gold more closely. But for now, I am pleased to be flat.
  22. It is sold In fact there is only one left in the development... http://www.yorkpress.co.uk/news/11361205.Local_family_buys_million_pound_pad/?ref=var_0
  23. Tesco is replacing the cafe at one of its stores in York with a Giraffe restaurant (owned by Tesco of course: giraffe was acquired in March 2013 by Tesco as part of its strategy to utilise some of the space in their larger stores, creating retail destinations that offer customers, in particular families, a compelling experience outside of their weekly shopping trip.) That will be the second Giraffe in York, the other is a standalone near the new John Lewis store. I don't know anyone that has been in it yet. http://www.yorkpress.co.uk/news/11359075.World_food_restaurant_to_open_in_Tesco_supermarket/
  24. yes, the Germans want the Greeks to be able to borrow cheaply (on the back of being a member of the Euro) in order to buy themselves a shiny new BMW regularly
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