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Topher Bear

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About Topher Bear

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  • About Me
    I no longer consider myself a member of HPC. RIP Original HPC.

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  1. THAT is offensive. You sir, are an over puffed wind bag. Your aversion to the suggestion that borrowers over borrowed leads me to the suggestion that you yourself over borrowed. I do not claim to know hammonds underlying loyalties or motivations, but if you read just the words that are printed you will see that he is not Shifting blame, but adding to those who should be blamed. I've said this before, but HPC is not what it used to be. It used to be a place for reasoned debate and mutual unhappiness. But for a while now, making a statement or comment which makes no comment on another pos
  2. I don't read anything in hammonds statement above which suggests he does not blame the banks, he is merely saying that the borrowers also share the blame and haven't been blamed up till now. Are they being punished now? Not really, the overblown prices they paid have not gone down much, the interest they pay on te loan is minimal and they get to enjoy the fruits of that borrowing, including the non home items they borrowed for, holidays abroad, brand New 4x4, 50 inch mega hd tv's etc. And these same people say it was all the bankers fault... In this whole mess there are very few who were no
  3. I don't know about 4G but if there is frequency leakage what about wifi connections? I have enough trouble with mind as it is! I doubt we will get 4G where i live. We don't even get 3G! We also don't get DAB radio. When they dvd to switch that over? This time i have the equipment but no reception!
  4. I hear you. In the same boat, nearly 40 and two kids. Renting is no life for a family in this country. My attempts to point out the issues to the government have fallen on deaf ears, so deaf it is clear they won't do anything to rock the btl boat. Personally i think we are on for a decade or two of gradual price drops, no more than a couple percent a year. In which case buy now or never buy, either lord a little equity or lord 10k a year to a landlord. Of course buying now is a risk, as we don't know what will happen, but not buying is a risk that prices don't change. We bought in Jan, b
  5. Those charts look convincing and we all know the evidence suggesting things are out of kilter. But i feel that there is some need for notes of caution. 1. Those charts have linear scales and so do not take into account inflation. If they were plotted in log scale, they would not look as overvalued. 2. Put yourself into 1992 and look at the chart again up to that point. I think that you might draw the conclusion then that there was still a way for prices to fall, and yet they only went broadly sideways for the next 3 or 4 years. 3. There is a growing bearishness in the media, which putting
  6. yes! And late at night. Stupid touch screen as well, which i hate, keep following net links when i just want to scroll around. Grrr
  7. Great, i will then know exactly how much tax to withhold to not pay for the military, being a pacifist and all that. Ill withhold the debt repayments as i told then not to get into huge debts, and also failed to benefit from that debt. This what will happen, lots of groups will start civil disobedience against paying taxes. It will be pole tax all over again. I also agree that it is a waste of money, the only reason the populace doesn't understand percentages is because of the poor education in this country. So he all this income tax is spent on these things, what is all my vat fuel ta
  8. Is their worry that you have a high level of knowledge about bcap which guess is the radio advertising code? Or is it that you used the words 'leverage' and 'high risk'? After follow their little game, you could tell then your only vested interest is in wanting house prices to fall to a reasonable level such that you could actually before one. Bed also that you are am intelligent member of the public who has a natural risk aversion when it comes to large investments and he that prevents you from being a member of the public then you will take it up with your mp.
  9. Agreed. Our recent purchase (i know i know. But i have my reasons) was for £180k. The survey had a rebuild cost of £120k. My calculations of a 30% drop from peak, would put Its value at about £145k. That's not a lot of value above cost. I figure that we have had massive inflation that has been very cleverly disguised. So in real terms we have already had the major part of our crash and now we have the long period of flat pricing. The longer they can hold prices up the easier it becomes, as on a repayment basis, it is possible to pay off a reasonable proportion of the loan. And they have kep
  10. Why so much complaining. I thought our group perceived wisdom that our current financial crisis was as a result of too much lending at too low rates. Now someone whacks up the rates and its now bad! Maybe he inherited a lot of bad debters and he wants to get it resolved one way or the other to clean out his New bank. A fresh approach, make discretionary lending expensive, offer good rates to savers, keep capital in the bank for when it is needed for those large items like houses and cars.
  11. Interesting point. Trouble is we need to work out what there turkeys consider to be Christmas. Is it that they don't want the value of their cds to become worthless, is it that they don't want to have to pay out on their cds, is it that they don't want other countries to try and force them into accepting lower payment terms, is it they want to work out the bigger picture and do what's best for them over-all, or some other decision? Tricky, anyone got any insights or figures on what there banks are on the hook for? To me the whole thing looks like a big loser for banks, so why aren't
  12. I think most of us in that short category of only just being in higher tax bracket are still being misunderstood. I am not complaining that i am losing child benefit. I agree that We don't 'need' it. I am complaining about two things. 1: why should someone earning only £42k have a net income of more than myself earning £43k 2: why should a family with a gross income of nearly £80k qualify for a government benefit that my family with a gross income of £43k not qualify for. There are the inequalities of the proposal. We are arguing in particular that issue no 2 should be resolved such that t
  13. I agree that they ballsed up big time on tuition fees. i don't think they stood chance on getting their euro opinion heard. It is so opposite to Tory view, any shift in lib dem direction would be bad for cons, and lets not forget the cons have far more mp's than lib dems so it is right we get more Tory policy than lib dem. As for two, this was all conservative doing. They pushed it for it to be early, they decided what system the vote was on. They controlled the media and thus the populace vote. They managed to split the reform vote into those who would agree to even a small change and those
  14. Yes, but at a reduced rate. The initial forms were past of freshness pack, after that it was down to the council offices to apply for reduction and pay. Large ques at the office at the beginning of term!! Fun days, but at least we got a small grant and the loans were only about £500 a term.
  15. Just bought two pairs of shoes for our two children, cost £77. We couldn't get sale ones for my daughter as they weren't in her size and we decided not to get the sale ones for my son as they were only just fitting meaning he would grow out of them very quickly. We have tried that before bed found it a false economy. We have also tried cheaper shoes stanzas Clarkes but they don't last. We have found startright are home quality shoes which last and fit well without stupid gimmicks designed to encourage pester power. Basically children's shoes are as expensive he not moose expensive than adult
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