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Kinky John

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About Kinky John

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    Land of milk and honey but no houses

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  1. Sounds like a great idea to do with a windfall provided you aren't over-mortgaged. A small amount of gearing won't hurt .. just take "normal", divide it by 5 and then you'll be sweet. Plus any bank will love to have you. As a currency hedge it's a pretty silly idea, doubly so as the UK balance of payments is effectively corrected by the huge inflows into UK housing assets from abroad. If the currency drops sharpy houses will drop even more sharply. .. and conversely if houses drop sharply then the currency will drop sharply. Different dynamic of course if the falls are not that large .. but o
  2. So somebody made rich by ridiculously easy money is going to spend his money easing the problems caused by ridiculously easy money. Maybe it's just me, but wouldn't there have been a more efficient way of dealing with this?
  3. Good work on behalf of the law society as it's what they're there for. Good work on the part of the government for sticking it to buy to let. Try being in another business and watch yourself get charged 50% as income tax on your share sales (happened to me). Let's hope it all comes good. I can see why there wasn't a "consultation," on it though.
  4. Good point .. but in London I'm not sure being disabled is legal as disabled people take up far too much space. God forbid .. if they were allowed in we might actually be forced to build on the green belt (the collection of disused warehouses and abandoned factory lots near the M25).
  5. I'll second that .. the things I've seen in those sink estates almost defy description and man was it depressing living even somewhere flash like Longsight. Awesome clubbing in the 90s though. Gave up and moved to Hadfield which I loved (it's a local town for local people).
  6. That's probably a genuine threat .. but I'm sure we'll get a prize for the conflict of interest in investigating our own corrupt property market while it funds our trade deficit but not our tax base. Damn that one is balanced on a knife edge - did he go to Eaton too? hope it's a better free prize than last time.
  7. I like the wording in that article ... if I might quote the article verbatim. Thank god it's not 32.5% ... was getting worried for a second there. Isn't it amazing that we know what will happen at exactly an indeterminate time in the future. Thank god I spent all that time studying maths .. or I'd be completely unprepared for that.
  8. Used to read the FT as working was unbelievable boring and it provided a sufficiently city focused approach that the rest of it's reporting seemed to retain less bias than is normal. The opinion pieces were always clearly labelled as such which makes an immense difference in how I prepare myself for the contents to the point where I can't imagine another context where I'd read something written by the pope (it was actually quite good!). It also had the wonderful and sought after property of being an "acceptable," way to not work whilst not being quite as absurd as most of the tasks I was supp
  9. z But why? surely that's better than a zone 1 flat not designed for human habitation in a block of flats nobody has lived in for 20 years with amazing views of a block of flats nobody has lived in for 20 years. Money boxes in the sky are a steal at 1.5 million I know .. but I'd pick my nails looking good as that works in any apocalyptic BOE/UK utopia and I'm all into "security." Or did I get confused about "security," again. I can be a bit special like that.
  10. Wow .. this is grade A making children fight evil people that denied you personal profit stuff! To be clear - this is just an intense dislike of the article and the person who wrote it rather than an insult intended for the thread starter or a slight on it's relevance to HPC. As bigotry is usually just poorly expressed and mis-understood concern around a real problem it isn't unacceptable as idle chatter - but it takes that house price magic to get away with it as your considered opinion published in a news paper. It's basically just a classic good vs evil by association minority exploiting p
  11. In other words we won't publish the important information needed to asses whether our indicators are either a. worse than useless b. drivers of the effect they cause c. dangerous attempts to cause b. I would include d. more valuable when we don't sell them to you, but the OECD is all about giving money to your friends directly as subsidy so I find it believable they would retain their original ethics structured around sales of privileged information. When it comes to sales of privilege it's different of course. I remember when I had a job - I used to be responsible for the result
  12. Nice (if a bit anecdotal) as a thread! Here's to hoping it's all the buy and hold carry traders getting cold feet - it's hard to be certain these properties are perma bull fear sales by just looking at the state of the property alone. A lot will just be owned by senile people that finally died or will be houses where the owner disappeared (seriously .. boil and double check the water doesn't smell of previous owner!). In those cases the Brexit uncertainty would make any responsible person messing around trying to sort out their estate get on with it before there is a rapid market move. I'd be
  13. Stop .. these utopian dreams are killing me! It would be like 40 years ago .. and I can't see us getting back there without the extremely large amount of violence (2nd world war) that brought those good times around. edit: edited for more specific reference to violence.
  14. I knew people that had canal boats (in London though) and that is a good idea depending on how many people your willing to kill for a proper mooring! Damn some of those were nice places to wake up in and a bargain at less than 10 million.
  15. I'm sticking to my original prediction that it'll unwind like any sort of central planning with the soviet system being the classic example and the terminal state being a stagnant semi-feudal oligarchy or chaos stricken battlefield. It's worth reviewing at times like this and whilst the UK may now have significantly more risks to the downside I don't think much has changed in the west and the east is a bit of a closed book to me but I'm sure it's getting noticed there too. I would add that any radical change is far more likely to come non-violently from the east than the west as they have in t
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