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House Price Crash Forum


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About raddy

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  1. I actually know a guy, from the Ukraine, who lectures in IT at a northern University. The job he got I never saw advertised (perhaps I didn't look hard enough, despite regularly scouring the university job board). heigh ho! Anyjow, when we were talking to him he said he got the quite high paying job (for up North at least) because the British were too lazy to take it. Aghast at his barefaced gall to say this to a citizen of the country he has effectively immigrated to I could have punched his lights out! He's now doing rather well - although he says he can't teach his daughter anything for school because his English isn't good enough, though not a problem for his "students" !? Now his parents have arrived in the UK to help with bringing up DS! Unbelievble? believe it!
  2. I was thinking about this the other day and came to the exact same conclusion. Cue bono? With a massively increased house price bubble funded byu the ever generous taxpayer, the financial sector will at last safely "mark-to-market" their once below mortgage value properties and thereby be freed to continue business as - pre 2007 - usual. And, as usual, the proles will be left with the bill It seems increasingly as if government is just a scam to fleece taxpayers for the benefit of mega private corporations
  3. worked in england - I was just trying to point out the difference in approach between the EU countries. Language appears to be a small barrier in the UK, whereas alesewhere...you know. Just sayin'
  4. I looked for work a few years back in Germany, but without being able to speak German I wasn't given a look-in I'm afraid
  5. cashinmatress Well, we wouldn't have until a very dear family friend went into hospital only to be collected by the family a short while later suffering from malnutrition and severe dehydration. You're right - whod' a'thunk it in GB 2012?
  6. ISA up 15% since august 2011 - Invest in large cap companies that can pass on cost increases or have exposure to the East markets Re-invest the dividends Set up and monitor stop-losses
  7. Sorry - the link is not too good Steven Pearlstein washington Post 29.9.12: I am a corporate chief executive. I am a business owner. I am a private-equity fund manager. I am the misunderstood superhero of American capitalism, single-handedly creating wealth and prosperity despite all the obstacles put in my way by employees, government and the media. I am a job creator and I am entitled. I am entitled to complain about the economy even when my stock price, my portfolio and my profits are at record levels. I am entitled to a healthy and well-educated workforce, a modern and efficient transportation system and protection for my person and property, just as I am entitled to demonize the government workers who provide them. I am entitled to complain bitterly about taxes that are always too high, even when they are at record lows. I am entitled to a judicial system that efficiently enforces contracts and legal obligations on customers, suppliers and employees but does not afford them the same right in return. I am entitled to complain about the poor quality of service provided by government agencies even as I leave my own customers on hold for 35 minutes while repeatedly telling them how important their call is. I am entitled to a compensation package that is above average for my company’s size and industry, reflecting the company’s aspirations if not its performance. I am entitled to have the company pay for breakfasts and lunches, a luxury car and private jet travel, my country club dues and home security systems, box seats to all major sporting events, a pension equal to my current salary and a full package of insurance — life, health, dental, disability and long-term care — through retirement. I am entitled to have my earned income taxed as capital gains and my investment income taxed at the lowest rate anywhere in the world — or not at all. I am entitled to inside information and favorable investment opportunities not available to ordinary investors. I am entitled to brag about my investment returns. I am entitled to pass on my accumulated wealth tax-free to heirs, who in turn, are entitled to claim that they earned everything they have. I am entitled to use unlimited amounts of my own or company funds to buy elections without disclosing such expenditures to shareholders or the public. I am entitled to use company funds to burnish my own charitable reputation. I am entitled to provide political support to radical, uncompromising politicians and then complain about how dysfunctional Washington has become. Although I have no clue how government works, I am entitled to be consulted on public policy by politicians and bureaucrats who have no clue about how business works. I am entitled to publicly criticize the president and members of Congress, who are not entitled to criticize me. I am entitled to fire any worker who tries to organize a union. I am entitled to break any existing union by moving, or threatening to move, operations to a union-hostile environment. I am entitled to a duty of care and loyalty from employees and investors who are owed no such duty in return. I am entitled to operate my business free of all government regulations other than those written or approved by my industry. I am entitled to load companies up with debt in order to pay myself and investors big dividends — and then blame any bankruptcy on over-compensated workers. I am entitled to contracts, subsidies, tax breaks, loans and even bailouts from government, even as I complain about job-killing government budget deficits. I am entitled to federal entitlement reform. I am entitled to take credit for all the jobs I create while ignoring any jobs I destroy. I am entitled to claim credit for all the profits made during a booming economy while blaming losses or setbacks on adverse market or economic conditions. I am entitled to deny knowledge or responsibility for any controversial decisions made after my departure from the company, even while profiting from such decisions if they enhance shareholder value. I am entitled to all the rights and privileges of running an American company, but owe no loyalty to American workers or taxpayers. I am entitled to confidential information about my employees and customers while refusing even to list the company’s phone number on its Web site. I am entitled to be treated with deference and respect by investors I mislead, customers I bamboozle, directors I manipulate and employees I view as expendable. I am entitled to be lionized in the media without answering any questions from reporters. I am entitled to the VIP entrance. I am entitled to everything I have and more that I still deserve.
  8. washington Post - "I Am A Job Creator" [I Am A Job creator/url]
  9. Annual change is + 0.9%. with inflation at 3%, this makes a price FALL of about 2% in real terms
  10. There are some nicer solid houses locally for cheaper
  11. Well, if it is anything like us up here in Formby we have fields 2 feet under water that the council are determined to put new affordable (300k+ ) houses on. greenbelt - more like moats ! Must be fish in them thar flooded fields - sure smells fishy. Gawd help the poor s*ds who buy them - oh, no, er, wait up - the taxpayers'll fund that
  12. A friend was desperate to move home. Well, a few days before exchange on his "new" house,and just before going away on holiday it came to light that their existing mortgage could not only not be increased but it was non-transferable. This meant that said friend would have to reapply for a mortgage to afford the the new property which, on his salary, is way beyond him. So, 2 sales (his purchasers and his purchase) fell through Anyhow, what came to light is that said friend has had a mortgage in place for a few years now, heavily sold to him by his existing lender, on which he pays neither capital or interest? As far as he has told me it is not linked to any other savings vehicle or pension to pay off the capital or that the interest is being rolled over. Is this for real - living in a home with o/s mortgage for free? (By the way he could pay his existing mortgage as he's in steady employment that hasn't changed since he moved to his current house) (meanwhile, the prudent saver (i.e. me) gets zero return ion his savings :angry: )
  13. Zerohedge has some interesting comments, including one suggesting Diamond was going to "soill the beans" on BoE collusion? Also this interesting titbit LIBOR link to size of bailouts
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