Jump to content
House Price Crash Forum


  • Posts

  • Joined

  • Last visited

About MrP

  • Rank
  1. Election promises are meaningless. Our political parties are increasingly meaningless. All of the parties that stand any realistic chance are under the thumb of the people who have serious vested interests in our country's borrowings, and economic policies. Their interests will come first and everyone elses last. Voting justs adds credence to a system that is more harmful than beneficial to ~99.9% of the population.
  2. Unions can make a difference, but ours are mostly long established so the corruption and subversion has taken hold, just like our political parties.
  3. 'Democracy' in the UK is the right to vote for which party gets to manage the country on behalf of a minority that benefits from their policies at the expense of the vast majority of the voting public.
  4. 'Terrorism' is clearly not a serious threat to us. If it were the politicians would be playing it down not hyping it up. Same with Ebola. I find a lot of what we are told about various groups, including the latest one, ISIS, very unlikely. For example, ISIS pops up out of obscurity after being funded, trained and equiped by the CIA (as they have since admitted) to fight on the rebels side in the Syrian civil war. Then after they get kicked out by the other Syrian rebel groups, 800 of them manage to take over and hold large chuncks of Iraq despite being lightly armed (mostly assault rifles and machine guns). ISIS then goes to some lengths to apparently commit war crimes and publicly release video evidence of same, providing a convenient excuse for NATO especially US/UK to get involved militarily in Iraq again.
  5. This has been going on for centuries, in every country I can think off but are we really worse of for it? Life expectancy, health, average wealth all steadily improving over the long term. Like it or not this is the course of action that has been taken and I'd be very surprised if we don't see it through. edited for typo.
  6. +1 the only politically viable (or realistic) option is to reduce the debt by inflation. The measures taken to facilitate this should also stimulate growth. This option is the one taken by both labour and the coalition since the financial crisis started. Before I get loads of silly comments, I am not saying that this isn't without problems and yes there will be victims (including conventional savers and renters) but its the only realistic option and has worked in the past.
  7. If they have 35K of equity they would have bought before late 2008. Probably well before. In which case they would have got more favorable mortgage terms. Most mortgages prior to late 2008 had deal periods of 1-3 years after which the mortgage reverts to a variable rate that is defined at the time they took it out as x% above based rate where x is typically 1-2%. Therefore in the above scenario I think the 7% mortgage is highly unlikely. If it was an interest only mortgage, then they would only be paying a fraction of the £10K mentioned above. I broadly agree with the rest and only thought I'd mention this as I see it as the only reason so many people are surviving at the moment and so is worth mentioning.
  8. Even if he's found guilty he'll probably only get a slap on the wrists community service at best. Surely now is the time the majority realise that the judicial system is just another scam of similar magnitude. Its way past the time when we should have taken matters into our own hands. Mob justice is never anything like perfect but it couldn't be as bad as what we already have, WE NEED TO MAKE THESE PEOPLE PAY!
  9. I think getting the scroungers to do something for their handouts is a nice idea but I suspect the quality of work they will do will make it a waste of time in most job roles. If we are being honest a large proportion of these people are completely useless in a job, they're too lazy, and far too likely to steal. Frontline service in Afganistan would be a good idea though, that would make the war worthwhile to me. We would lose less real soldiers and hopefully lose significant numbers of scroungers (especially if we didn't equip them properly). Deserters would have to be murdered though to make sure the rest fought. You never know, if the death toll rose high enough some of them might consider getting a job instead of being sent there.
  10. The only difference between the banksters and these other worthless scum is how sucessful they have been. They are the same sort of people. The media have not hidden the bankers bail outs and I do not believe they're interested in doing so. The banksters excessive bonuses etc are well reported. I hate the banksters but at least their organisations do create employment and generate some wealth (doubt its a net positive though). These benefit thieves are just a cost we should get rid of. I think the only diversion is from certain members of this board (probably scroungers themselves) who don't like it when they get an insight to what many of us would like to do to them. Their response is to defend the actions of these paracites, by stating that they steal less than the bankers so it all OK. If I killed someone for no good reason would it be OK since Hitler killed more?
  11. http://www.bbc.co.uk/news/uk-england-devon-11849154 Anyone else think this [email protected] got off FAR too lightly? People will probably think me extreme, but I'd love to smash his skull open with a hammer. I'm SICK of paying for these worthless theiving pieces of sh1t.
  12. It seems to me that the proportion of posters that support tthe BNP on this board (not just this thread) is much higher than the general population. These groups do target the disaffected for new members and I wonder if that is what is going on here. I work in IT and have done for the last 15 years. In that time I have had no problems getting work despite all the doom sayers promising that the job market would be destroyed by immigrants etc, etc. So I do not see these new workers as a problem for me or the country. I'd rather have one of these workers than one of our own, very numerous scroungers whose shallow excuses for their lack of acheivement always include: Their inability to compete with people whose first language isn't even English. This is laughable if you think about it. That all governement policy that doesn't directly benefit them is part of some deep sinister plot against them and the rest of the people of Britain etc, etc. They rarely include their own lack of effort or ability to adapt to a change in the job or other markets. Does anyone who isn't a total conspiracy lunatic really think that we are taking these people with no trade or broader economic benefits? We've had immigrant workers coming to Britain for more than my lifetime and if anything it has had a positive effect.
  13. In answer to your first statement, why on earth would you think that? I have already answered the question in your third sentence. Your situation (which is not what this discussion was about, unless your one of the many on here who have several user names) is addressed in my previous post. The only thing that is new in this post, is the transition from the original posters situation to which I replied, to your statement about your own. With regard to YOUR situation, if you read my previous post you will find my answer.
  14. Regardless of my situation or my aims I will want to make the most of the money I have within the level of risk I find acceptable. If I have nothing then suddenly aquire £210,000 in a short pace of time and also am expecting a significant drop in house prices in a short space of time then potential value of the fall in house prices to me would outweigh my concerns about inflation. On the other hand if I had built up this money more gradually I would have been concerned by the HPI during the earlier stages of my accumulation of savings. I would throughout the whole time I was building up my purchase fund be very concerned about the increase in rents, the effects of inflation, and the amount of tax I had paid whilst building up my fund. The fact that anybody on a variable rate (which most mortgages revert to after their offer period) would be paying far less in mortgages than I would be on rent. The cumulative effect of the above on my savings, and the rate at which I could build them up would have caused far more damage than I am likely to recover through the drop in house prices (which although I see it as likely, is not guaranteed and I suspect won't be as pronounced, especially in cash terms, as many on here believe) even if i got my timing spot on (which would be luck). If the latter scenario is true then the saver would have been better off buying once they had a deposit and then over-paying their mortgage until they owned the property outright.
  15. You and several others have spotted the £ 8400 from £ 168,000. It was a genuine mistake, I originally worked everything out on 5% but decided that was a bit unrealistic and changed it to 4% which is probably still a bit higher than reality. The income from remaining savings would be £ 6720pa (£ 560pcm) at 4%. Having corrected this obvious error, I still stand by what I was saying. Rental prices are on the increase and look likely to continue increasing until more people are buying houses again. Inflation will erode savings. The most likely and politically acceptable way to deal with the nations debt is to inflate it away, so I expect inflation to be above target for quite some time to come. Houses do have a good degree of protection from general inflation, although I do expect a drop in the near future. Maintenance costs are generally pretty low on houses. I suspect people lose more in deposits than most spend maintaining houses. If you have enough savings to buy a house and didn't already own one, it would be a bit odd to be trying to save money on the purchase yet ignore the effect of inflation on you money. On the £ 210,000 that your paying the interest towards your balance is being reduced in value at the rate of £ 6300pa (£ 525pcm) on only 3% inflation. Many on here, mysef included, suspect that inflation is currently under reported at the moment. I agree with your point about flexibility of location, but you also get some flexibility with a house you can get a lodger or let it short term if you needed to move or were hard up, without having to wait for the end of your tenancy. All I'm saying is that the poster's situation doesn't make sense to me for the above reasons.
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.