Mr X
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Posts posted by Mr X
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http://www.telegraph.co.uk/finance/economics/9984358/UK-growth-back-at-trend-rate-OECD-says.html
And what level of growth do we need to create jobs?
Then there's the exponential function, 2% growth over the long term is impossible to sustain.
Still more worthless words from experts.
Ah so. Now that everything is tickty-boo we can expect interest rates to return to "normal". Light blue touch paper and retreat to a safe distance (north Korea?)
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Perhaps the hpc brigade need a rebranding. We represent everyone who is nich in the country under the age of 35 and is mightily pissed off that housing is three times as expensive to buy as it was for tosser journalists like Cowie.
THE BBC could commission a new website-makeover series and pay some t@t a fortune to suggest putting a picture of.a vase with twigs in on the homepage or something.
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Yes indeed:
http://www.rightmove.co.uk/property-for-sale/property-41118035.html
This one is £700k though:
http://www.rightmove.co.uk/property-for-sale/property-38070331.html
Both about the same size.
Ah but the 700k one is much, MUCH more conveniently located for access to rail and air services.
Nice if you like to be able see the colour of the pilots and drivers eyes
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That depends on where you lived during her time at no. 10. She was most definitely NOT what my country needed!
Are you Argentinian?
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I disgust me.
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Sounds like he "works" in banking, so the question might be do you count legalized theft as work?
What is work and what is fair compensation for it? I'm sure most people "work" very hard in this country whether it be queuing for hours at the dole office, flicking digits on a screen in "The City", printing money Merv style or otherwise, saving lives, looking after the kids, growing food or buildings or whatever. I know some very smart good people that get paid bugger all and some stupid nasty bar-stewards who get paid a packet. Some activities in most reasonable people's opinion are far more valuable than others, what people get paid for it is perverted by a system run by the banksters and poorly supervised by the politicians. They are not fit for purpose in a democracy.
I find it difficult to believe that it's beyond the wit of man to sort this mess out.
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Up at 5am, got the train, 120 miles to London, worked til 8.30pm, get train back again, arrive home 11.30ish.
Twice a week. Thus avoiding filthy London rental costs.
How did i do?
That's very admirable (im not being sarcastic) and is not something I'd like to do and shows much sacrifice on your part. But you have just explained that you travel a lot to get to and from your place of work. Work is what you do between 5am and 8:30pm. What is it that you do during these hours that makes the few bob acquired "worked" for as opposed to an str which I take it you feel is not worked for?
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What does rich actually mean these days?
Just because most people in the UK are currently bent double with debt doesn't mean that i, for instance,
am automatically rich because i've got a "few bob". (Worked for btw, not STR fund).Trouble is, in Britain these days people with a "few bob" are in the minority.
So sadly Dave Inc don't give a monkeys. People with a "few bob" are not where sufficient votes lie.
So all the Gubmint have to do is make sure the police and army don't get skimmed. Just like Phew Bob Mugabe.
And has been seen in Cyprus, the middle class types are too well brought up to kick off properly.
The EuroGroup refined that model as they went along. I reckon they think they've hit the formula for the next one now.
Dont rinse the proles cos they will kick off, rinse the architects and the dentists instead.
I can assure any gubmint type reading this, that i am not about to follow in Cypriot shoes, if it all goes to tits here.
Define "worked for"?
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I'm disillusioned about saving for a house and seeing inflation eat away at my savings value, etc.
I think that governments have acted immorally over the housing market. They pumped prices up 300% when inflation had been 30%, and now they are trying to keep the bubble inflated with FLS and this 20% deposit scam.
So, how's this for an idea, playing the government at their own game?
I borrow as much on a mortgage as possible, and use this 20% deposit scam. I find 5% deposit from my savings. I do not use any more of my own money.
I move in and declare I cannot pay the mortgage after a short while.
I'm 62, so hold out until I am 65 and then I'm guaranteed the government will pay the interest for ever.
What's the fly in the ointment? If this works, why do people get repossessed? How does this affect the 20% deposit aspect?
I've never used the welfare system, always paid my way. This would be my kind of welfare benefits.
Why stop there. Get your own printing press and stuff all you can print into your's and your mates pockets.
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Nationalise the housing stock and rent it out on controlled rents. This would have the following benefits:
Instantly competitive business internationally.
Unemployed land lards no longer extracting a packet for doing nothing would have to get a real job.
Banksters no longer extracting a packet for doing nothing and would have to get a real job.
Estate agents and solicitors involved in property no longer earning a packet for adding no value to society and existence would have to get a real job.
Twig sales would plummet.
People might start focusing on what is really important.
Oligarchs and other crim types would sod off back to where they came from.
I'm sure there are many more benefits, can't see any downside really except that people being relieved of their primary status symbol won't like it much and will throw their toys out their pram and kill anyone who tries to realise the plan.
Oh there is one downside, this website would become redundant
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The Government couldn't stop them falling in Northern Ireland. The Government of the Republic of Ireland couldn't stop them falling either.
Mr Market sometimes kicks governments in the nuts.
Quite right. Uncle Sam couldn't stop it happening either. Wasn't Freddie Mac and Fannie Mae something similar to what Osborne is proposing? That ended well didn't it
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Osbournomics
You can't afford to buy a cow
Government taxes you and gives it to the bank
Government then tells you they are doing you favour because you can now borrow the money that was previously yours from the bank to to buy a cow
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So after yesterdays announcement what are your views on the aim of the mortgage policy announced yesterday in the budget.
It's clear it's already becoming a policy mess with no clear outline of who qualifies.
The question is what is the aim?
I haven't got a clue but then who does?
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Naah. Something pretty wrong when to be able to buy I would either need to lie or win the national lottery jackpot.
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I see asking prices in London where I live gone up significantly in the last couple of months. A friend of mine recently str having had their on the market for 18 months or so with no offers. In the end got desperate and sold at about 150k of asking of 1.2m.
Another friend put their house on the market recently for 470k near Bath about 50k more than they thought they might get. Got an offer within a few days however survey is now done and the buyer is now trying to bash them down. I think a lot of people are trying this tactic to reserve the property then push seller into a corner before looking for a.discount. Can work if the seller is getting increasingly desperate.
I live in London and get paid quite well. Ive given up looking.
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The telegraph article is the same old stuff that's been regularly spouted for decades now. It's more "white heat of technology" stuff.
What they mean is that there's a shortage of cheap engineers - as if they aren't cheap enough. For sure the most likely outcome is that things will stay more or less the same and with all the money still being funneled towards the financial sector etc.
At least the article does recognise the UK's problem but those running things won't make the necessary changes. They've had decades and decades to do something about it and if they were going to do so they would have done it by now.
It fills part of a page of newspaper and then helps wrap the fish and chips.
+1
Can't have the people who design and manufacture Porsches owning or driving them around over the roads and bridges they design. We need cheap engineers and technicians so that the more deserving bankers, estate agents, footballers, land lords and lawyers can do that.
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It was higher than it is now as far back as 2000, I don't see it as over-valued and it's a good hedge against inflation that pays a much better yield than any cash ISA.
Yahoo FTSE 100 graph
+1
Equities are very volatile and reflect value and sentiment far more quickly than a housing market. Until a year or so ago stocks had been flat for years (as evidenced by an underwhelming performance on my endowment) and are probably now quite good value historically especially when you factor in mervflation. Producers of necessities like fuel and food have us by the nuts and as these products can be used only once whereas Housing, although a necessity is largely recycled so you need an increasing population to fuel inflation on that.
Given that my money would do sweet Fanny Adams in the bank and I hate helping bankers to shop at Fortnum and Masons my moneys on stocks with no debt. Will probably go knockers up and I'll take a haircut but what else should "a BEAR of little brain" do?
Pooh!
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A few of my friends and family have their own businesses. Until recently these were doing OK. This weekend I visited my friend up north and he says things are looking really, really grim for his export business and he thinks it may go to the wall in the next month. I spoke to my brother this evening who works for a central heating business in London and this looks like it may fold any time and his son's business in bathroom/kitchen installation which has been doing very well is now looking distinctly iffy. Another close friend is company secretary to an Internet software business and this too is right on the edge.
I would have said that to personally know this many people with small businesses is probably a bit higher than average. Is it just a coincidence that 100% of the people I know with small businesses are facing going bust imminently?
I'd appreciate the forum's views on this.
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I live in London, born and bred. Str'd in 2010 and asking prices have gone north since then. I can no longer afford to live a decent lifestyle here and I'm on 100k a year which I think is not too bad unless you happen to live in got you by the ballsville. Im fed up with it and paying 3k per month in tax to keep lawyers, bankers, politicians, estate agents, parking patawayo the unemployed and other non-productive people in better circumstances than me. I think I might just chuck it in and move somewhere else. Preferably abroad. At least I won't be paying into a system that's stacked against productive people.
Not very articulate compared to some on here but I'm a bit ticked off at the moment and shooting from the hip!
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I guess if you own your house outright or have a small mortgage and it is unlikely you'll need to move for work then its probably better to stay put.
If you are not in that fortunate position the prospect of getting into a life time of debt (aka renting from the bank), paying hmrc a shed load of cash and saddling yourself with maintenance liabilities isnt that appealing. There is also the likelyhood of increasing interest rates and owning a depreciating asset. Not for me Im afraid at least until doing it is more affordable and less risky.
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If they can't afford their mortgage payments maybe they should sell it to someone that can. If they borrowed more than they can afford tough. If they are in negative equity, well who's fault is that??? Better get out before it gets worse; and it will :-)
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Whats the difference between my bonus and my penus? The wife doesn't mind blowing my bonus!
Only joking; I don't get a bonus. I work in engineering for the Oil and Gas industry and only the fromage grandes get bonuses.
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The removal of the paper licence a way to create revenues?
Will police and traffic wardens be given an app to scan plates with their phone?
I see a booming industry in fake numberplates ahead.
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The reason as far as I can tell is that the British Government, The bank of England and an army of Daily Mail readers have all joined forces to underwrite their speculative investment and pour petrol on it :angry:For some reason, the global mega rich have decided that they all need to have houses in Chelsea/ Kensington. Robbie is one of them, so is competing with people who also have multi millions to spend, so his money doesnt go as far as in his hometown of Stoke.
If I was him, I would forget about the idea of spending 10 million to live in a terraced house there and go and stay in the mansion in LA or in the countryside.
Rents Rise 8 Times Faster Than Wages
in House prices and the economy
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Anecdotal I know but I'm seeing a lot of property that stays unlet month in month out in ealing. Usually agents/LL asking way too much.