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ElPapasito

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  1. Exactly NOT rent control. Proper price discovery. Rates should be immediately adjusted to the auction value.
  2. Yes but some people always NEED to sell due to DD and D. Some of those are not that sensitive to price. The only thing propping the market is that if these are the ONLY sellers who aren't huffing and puffing about not 'giving it away' then ironically they will achieve a high sale price anyway. The most significant psychological change underpinning this is the thinking that I'm better off holding on to the house I'm moving out of, and renting it out.
  3. We're not sending troops, end of. Russia have played a blinder. They want Ukraine as a buffer. They are getting the attention and setting the agenda. I don't get why US are winding up the imminent invasion narrative.
  4. Jesus Christ. This headline should read Govt pledge £60m bailout to landlord mates. If they really wanted to help indebted renter's they would change the law on security of tenure. Something like... Tenant: Sorry I'm broke and can't pay rent. Landlord:. Then I'm chucking you out. Tenant: Haven't you kept up with the new law that nice Mr Johnson pushed through parliament against strong Tory backbench resistance to support struggling renter's? Landlord:. Er... No... Tenant:. So before you evict me you have to discuss if there is a lower affordable rent that we can agree on. If not, we have to submit our details to the newly formed Rental Sector Commission. They means test me and look at the property characteristics and market rents in the area and set an affordable rent for the next 18 months. Landlord: But I'll go bankrupt! Tenant:. Don't worry you can sell out at any time to the local Rent To Buy Cooperative created by the same legislation with me as sitting tenant and they'll work with me over the next 25 years to combine rent and purchase payments so the house ends up as mine. But I'm not sure you'll like the price they'll offer. Landlord:. So I'll sell privately Tenant:. You'll take a massive hit on price given the low rent sitting tenant. And that will set the local market towards tumbling prices, so please do do that. Landlord: Arrrgh.
  5. So look for MPC bs saying the inflation is transitory and they are vigilantly looking through it. Then they TALK about the need to raise rates for several more months, then some time in late 2022 they do a 0.1% rise. They can drag that on well into 2023.
  6. They can't raise them. Simple as that. Household finances collapse completely with 0.5% rise. Not the day after but over the following 3 years as fixes move to SVR.
  7. What I've heard is that USA was getting frustrated with the Afghan regime that the massive gas pipeline from Uzbekistan via Afghanistan and Kuwait couldn't be progressed over 20+ years. They know with Taliban in control this will now progress quickly.
  8. Little piggy appears to have made millions troughing for his bankster bosses and successfully loading £320 million of fraudulent unrecoverable debt onto the British tax payer. What a disgusting c**t he is .
  9. LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND LAND
  10. Hmmm, Grenfell happened in 2016. How reckless do you have to be to buy a cladded flat in 2017 anywhere in the UK, without asking the simple question. Just from the personal fire risk point of view who would buy a cladded flat after Grenfell without specific assurance from the surveyor on the materials screwed to your external walls.
  11. Yes and no. Up to the point that the danger of flammable cladding was made known and found to be a risk in any particular building, a bailout is warranted. Once the cladding risk is known - as it should now be for all properties in the UK it becomes a personal choice if you take ownership of that risk. A bailout is not a bad thing. The repair work is just part of a jobs guarantee - useful jobs in construction that stimulate the economy, generate half their cost in tax take back to government providing a better safer environment.
  12. I'm so glad the imminent failure of Brexit negotiations has suddenly pushed back through to the top of the headlines. That is the property boomlet snuffed out right there. It was Brexit that put the housing market into cold storage throughout most of 2019. It thawed immediately on BJ's election but didn't really get racing away until Covid-19 derailed the fun and forced a suspension of play. Release of lockdown let the pent up demand come through on steroids - except in London where mass reassessment of life choices by SE commuters reinforced by the extraordinary collapse in Central London consumer trade has created an exceptional crisis in commercial AND residential property. Now with huge numbers of instructions going through to estate agents, the malaise of the Brexit negotiations from now until 31st December will mean a pall of depression and sourness will fall back on the demand side and all those aspirational pricings will get zero interest.
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