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VancouverGuy

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  1. Well the post-lockdown bubble has also ended in Canada - both sales and listings now down about 50% month-on-month.
  2. Married couple acquaintances of ours are both GPs, run a small surgery together. Voluntarily decided to shut the place down during lockdown, both claiming furlough. Still sent their kids out to school though - claiming they're "critical workers" to the school. Sure know how to work the system.
  3. I remember back in March at the beginning of lockdown, British Airways were saying that they'd be bankrupt by May if the lockdown continued without a bailout - we're now into September with no airline-specific support. Not sure I believe anything anymore.
  4. So with an 80% mortgage, your typical first time "buyer" will only actually own 2% of the place. Thinking about it further, considering they'll get security of tenure, it's almost worth considering as a disposable style of ownership - just walk away from it when you want to move, or the cladding needs replacing, for example.
  5. Getting people back into jobs where they can feed and house their families is the #1 priority. All the rest mumbo-jumbo claptrap can come later. That reminds me, haven't seen Greta for a while.
  6. Strange. None of my dividend stocks has had to cut dividends yet.
  7. Remember no wealth has been created or destroyed by this virus, it's just changed hands.
  8. If it's been on the market for a while then offer 135000, and don't go above 147. Get the agent on your side, if it sells for 135 to you then he gets a commission, otherwise he gets zero. The additional work for him of getting another offer of 158 is a lot more for very little extra gain.
  9. If it's been on the market for a while then offer 135000, and don't go above 160. Get the agent on your side, if it sells for 135 to you then he gets a commission, otherwise he gets zero. The additional work for him of getting another offer of 158 is a lot more for very little extra gain.
  10. Updated my post from above - minor omission - why can't I edit my posts?
  11. That's pretty much my opinion. Back in the crisis days of 2008-9 there was an academic study that showed that banking crises take, on average, to work their way through the system. It was effectively 10 years later that interest rates started to rise in any meaningful way. I expect the next 10 years to be gradual increases in interest rates - housing will veerrrryyyy slowly adjust. Most people won't see the difference. It's going to be a slow melt. Similar to after the end of World War 2, interest rates hit the floor, but within 20 years they were back up to normal numbers - you don'
  12. This was only a matter of time, these developments had been marketed on buses and magazines from Hong Kong to Bangkok over the past few years. Liverpool is the home of the Beetles (and similar for Manchester as it has a popular soccer team), what more is there to love? Some of the marketing showed them as being within walking distance of Buckingham Palace!
  13. What makes you think it's overpriced? Most global markets have P/E ratios still in the mid teens or lower, UK included.
  14. What makes you think it's overpriced? Most global markets have P/E ratios still in the mid teens or lower, UK included.
  15. Not disputing the essence of what you're saying, but those numbers were from a previous Parliament - I wonder how those numbers look now, now that there's a more Brexit friendly bunch of MPs.
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