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House Price Crash Forum


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About pezo

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    HPC Poster
  1. I owe my mum everything for my upbringing (single parent - dad ran off when I was 3), gave her the 30k and had to take out a 20k mortgage to buy a 2 bed house and give her some security in retirement (obviously I inherit it so not completely benevolent), finishing off paying that mortgage for her in March as she is now living only on the state pension after working her whole life and would have had nothing to show for it (mainly worked in the private care sector so not great pay and conditions). I managed to scramble together 15k and so did the missis so we had 30k deposit on our own hous
  2. I cant see anything happening to NW. They have bailed out so many banks for the government over the years and done the government's bidding in pushing up house prices, the government owes them and likes them to drive prices up but overall mortgage costs down - basically creat a situation where people are in a lot of debt for a long time but still have enough money to pay for meals out, ipads, holidays ect. If NW goes then we only really have for profit banks and financial product costs go up for mortgagies there is no way that this managed increase in costs would be allowed to reduce the
  3. IMO more houses will only leave the houses that people dont want to live in derelict - more options won't change the cost it will increase the quality of home people live in. I belive there is a simple way to reduce house prices and that is put in lending controls. Something like no more debt than 3 times your yearly wage and 25% deposit. It will never happen though because we have a system that depends on debt to provide wealth.
  4. The banks seem to be expecting a rate rise so I believe it is happening.
  5. Good analysis. They appear to be moving towards trying to attract savers (probably to bail in) but they currently only borrow 1 in 5 pounds from the BoE so they are no way near the extream margins but that could disappear very quickly, from what I have seen they are expecting a rate rise and they would know.
  6. Any transition is a risk and like you say if the money men take over (which they will eventually as they always do) then anything that's not making a profit gets cut but for the moment the long term strategy is working and shareholders seem to understand that while all is not roses there is more good than bad at MS and they would be crazy to kill the cash cow by demanding future profits be cut, they are not losing money on old products. I bet there is a whole load of panicky senior managers and directors at MS ATM, there should be. All tech company's should aim for excellence rather than a nu
  7. MS are in transition at the moment, they have seen the writing on the wall that using the desktop PC to control the market is dying and in its place will be a more heterogenous environment where you can have whatever device you want and you connect to services. Things like azure, sharepoint, office365 arnt just winning they are already dominating - these are things that you can't simply change whenever you want. As someone who consults for a very large enterprise on virtualisation, MS, unix and IBM solutions I do know what you mean and how much of a large part *nix and IBM still play in these
  8. No matter what anyone else says it still has 16 billion dollar businesses, most of these "problem" products you mention are related to billion dollar businesses. Windows Windows Server Windows Azure Office Xbox SQL Server System Center SharePoint Visual Studio Dynamics Online Advertising Office 365 Client-access license (CAL) suites Enterprise Services Enterprise communication business Not sure what the 16th is but the suspicion is licensing from android. Most people only know of 3 of these products. Theres not much you can do on a computer without using a MS product of some
  9. As someone who has been out of work investing in myself for about 7 months and just found a new job I have had lots of these calls recently - I said I would need around 65k a year to move to London and 40k to move to Bristol but only 30k to stay in Somerset. When I looked into it I was amazed that businesses still want to stay in London, the place is an over expensive hole.
  10. Have you never met any kind of project manager?
  11. As an IT person currently out of work and searching hard, me to - loads of contracting jobs, not quite so many permanent ones but I guess they will come as people move into contracting for the extra money.
  12. Could someone clear a fact up for me. If Scotland wanted to use the £ is there anything we could do to stop them? Surely there's nothing stopping any country anywhere using whatever they want to denote how much something is worth.
  13. I worked in an NSPCC office about 10 years ago while a student, just temping for a couple of week. Nice office with lots of space, all brand new equipment and lots of chatter in the office about how much they all earnt for what I could tell was a part time jobs with full time hours. I had to answer the phone 2 or 3 times a day and open the post (it's amazing how much money they get given by businesses!), easiest temp job I ever did!
  14. You don't understand the type of people these women are - they will never admit they were wrong, even if they know it and you point it out to them they wont say they are wrong, even if they changed there debt habits for the better.
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