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House Price Crash Forum


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About weirofhermiston

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    HPC Newbie
  1. After the war, when borders were being redrawn across Europe, surveyors went out with maps to redraw the border between Poland and Russia. One such surveyor found his map put the border right through a remote house. Being a decent sort, he knocked on the door and offered the occupant the choice of being in Poland or Russia. The occupant thought for a moment and settled on Poland. The surveyor amended his maps accordingly and moved on. Some distance further on, curiosity got the better of the surveyor and he went back to ask the householder why he had chosen Poland over Russia. Without hesitat
  2. You need to walk the dog in the evening, towpaths have traditionally attracted a very different crowd at that time.
  3. It's Freemen on the Land ******. Magical thinking applied to the law. http://rationalwiki.org/wiki/Freemen_on_the_land Of particular interest is the comprehensive section on FMOTL successes.
  4. The housing market has little to do with bricks and mortar, housing people, energy efficiency or resilience in the face of floods. It has to do with finding a home (ha!) for the limitless credit that banks churn out. Banks don't lend on non-standard construction for the most part and while there's profit to be made from inflating the value of the existing stock they're unlikely to take on more risk. Innovation stifled; capitalism used to be the lubricant for innovation but alas no more.
  5. If you found someone teaching that, how would you know they are right? Economics, for all it would like to be, is not physics or chemistry making a detailed examination of some relatively fixed substrate which offers itself up for experimental manipulation and turns out to be mathematically predictable. Economics is a set of tools to give us some insight into a complex, chaotic and highly unpredictable aspect of human behaviour. What will be taught at university level are ways of using those tools, their scope and limitations. If you do well you will come out able to be critical of data and
  6. It was certainly said with no hint of irony from the sattelite broadcaster who were given the nod from government to form a monopoly when they absorbed BSB in 1990.
  7. Could it be this? http://www.rightmove.co.uk/property-for-sale/property-50629097.html After the kicking they got in that thread they may have pulled it and relisted at a lower price, although it does look a bit lived in which the thread suggested it hadn't been. It's in the right county, though, which is quite an achievement with my searching skills.
  8. That Citywire article is an information free zone. The Chancellor may indeed do something to SDLT. He may also scrap income tax and abolish capital gains tax, he's the chancellor. The only "evidence" they present that goes beyond idle speculation is that Ray Boulger would like it to happen. Government have various schemes in place to inflate the housing market, all these schemes benefit the banks or the builders with direct inputs of taxpayer money or buying risk off them at well below market price. SDLT changes will not benefit their friends as directly as their other schemes and they've sho
  9. Perhaps not, but the other 319 questions the research asked the participants may well do.
  10. The paper does not show that people's evaluation of risk declines as they get older, it shows that older people today have a poorer capacity to assess risk than younger people. Those older people may not have become worse at such judgements with advancing age, they may simply never have been any good at it. The abstract for the paper doesn't mention controlling for this and it is hard to think of a way that it might. The older cohort in the trials were aged between sixty and ninety. These are people who grew up in a world where gambling was frowned upon and where financial institutions too
  11. Just took a Rightmove trip down memory lane in the area I used to live as a student many years ago in Birmingham. Much of the street and adjacent streets seem to be up for sale. The new term starts in three weeks. The agents blurbs are talking about 8%+ returns, people don't sell good investments do they? Most seem to have come on in April/May, perhaps they're all part of a portfolio. The area in question is not a marginal one, ten minutes walk from campus.
  12. Let me offer some corroboration for this one. Many years ago I was getting my hair cut at a trendy unisex hairdresser in Ealing. The woman in the next chair was telling the hairdresser that she had worked with Nielsen and that he did indeed bring curries into the office. She went on to say that their concern was not that they might contain the sort of meat one wouldn't want to eat but that they may have involved the use of the same pots and utensils as were used to render down his victims. They never fully identified all the bones and bits that they got out of the drains; it amazes me how hw
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