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spyguy

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Everything posted by spyguy

  1. Tax Grab for London's Top Homes http://www.ft.com/cms/s/0/8846f682-72c1-11e1-ae73-00144feab49a.html#axzz1pgl26GMG 7% Stamp Duty for houses above 2M
  2. Nope that's the good time. Imagine the same but with the local scum family moving in next door, paid for the council.
  3. I'm not sure. What I am sure about is that the last few remaining banks - and there really are very few left standing 0 are running at a rapid rate from any mortgage that is not owner-occupied, high LTV (>80%) and non-repayment.
  4. Too right. On a similar strand, I went through the repayment costs if someone at work who'd took out a 35 year mortgage. He was paying about 30% more in repayments to save something like £50 a month. Banking. How on earth did they manage to go bust? Must have been real doofuses.
  5. ASking prices. Its hope not reality. On the same subject, list of women I am hoping to take home from Wetherspoons: zooey des-whatsit, That ginger one from ad men, That welsh one from the one show.
  6. At a business/money level restaurants are tempting. Mentally you try and work out how to get the cash through the business before having to pay the business i.e. use your suppliers credit terms to fund the business. In reality - esp in the UK - the fixed costs -rent + rates, plus labour is too high to make it work. Roll on the UK tcao food van thing that they get in the USA. Basically, an icecream van with a hot plate.
  7. Harrogate, York, Leeds have thrown up a number of complete properdee t0ssers. Most of which are in varyinf stages of bankruptcy. It would be funny if it was not our money. Seriously, anyone going bust ownign more than £2m shouldbe thrown in prison for the rest of their life. Who can forget the great: Guy Brudell http://www.gazetteherald.co.uk/news/4777319.North_Yorkshire_businessman_Guy_Brudenell_declared_bankrupt_with_debts_of___21_million/ Last heard of with loads of investors who were going to pay off his debts. Kevin Linfoot http://www.yorkshirepost.co.uk/news/around-yorkshire/local-stories/probe_into_collapse_of_kevin_linfoot_s_property_company_1_2346102 He can't read. He can't write. He can't do sums. Neither could his bank. David Hattersly York's very own Donald Tramp http://www.yorkpress.co.uk/news/4364075.Entrepreneur_David_Hattersley_hands_over_enterprises_to_bank/ Week in, week out, the Yorkshire Post and various local rags had puff piece after puff piece on these 'business' genius', The next big one I've got my eye on is the Skelwith Group. What could possibly go wrong with an unregulated investment being sold to SIPP investors? http://www.principalinternational.co.uk/property/raithwaite-hall They must be fantastic hoteliers cos I've compared their figures against other hotel groups and they are fantastic. Almost unbelievable ...
  8. Still can't find where teh YP put the weekly column. Anyhow, just read the Farming supplment on the bog. The sale has fallen through. Don't worry loads more buyers. Russians I guess. Or Greeks. Or Italians. I wonder if the council attached any restrictions to the house when they allowed her to stay.
  9. Paul Mason's blog: http://www.bbc.co.uk/news/business-17301032 'Repressionomics - can 'financial repression' solve debt crisis?'
  10. http://www.economist.com/blogs/buttonwood/2012/03/debt-crisis Can't add a lot to the article other than the obvious - when you look at the problems of reversing QE then you have to ask yourself why do it in the first place.
  11. Buttonwood's been banging on about this for a few years: http://www.economist.com/blogs/buttonwood I heard Paul Mason say it last night at the start of last night bearfest on Newsnight. That was the first time I'd heard the phrase on main stream media. Admittingly, I doing less main stream news In short, financial repression is ts screwing your savers. Problem is, apart from a short term, how do you do it in the medium to long term when there are no capital controls and very a shrinking number of savers?
  12. The demographic are going against us now - literally. The boomers started retiring thisyear. The big bulge occurs in about 5 years. 2012 onwards is not the best of time to have a an economy overburdened with debt.
  13. I used to go to the Isle of Arran when I was a kid. I enjoyed it although it was pretty primitive in the late 70s. Best memory was the streams full of little trout and seeing some Basking Sharks just off the pier. I did ahe a year in Dundee. I remember a trip to friends in Perth where we had to hand around til the rain stopped then were eaten by midges. I have a future family holiday planned on doing a Rail rover up to the Kyle of Tongue. I promised by mum to visit where my Grandad came from soon. I reckon 7 days of rail travel through the highlands will keep and the boy happy. Not sure about GF and the girl. Might need to leave them in Eburgh.
  14. 80% of people go on holiday to get some sun. And booze. You only of have a 30% chance of that in the UK in August. Combine that with the UK being outrageously expensive, even with the pound devalued. End of the day, Spain will be giving holiday apartments away to get the passing trace and currency into the country. Me + Gf used to go to Barcelona, self catering during the day, eat out at night and it was really good value.
  15. Easy answer never buy somewhere where an independent household live above your property. Or, in the case of the bank, never lend money to the previously mentioned.
  16. Hebden has some very strange house building styles. Can't remember hat they are called -the houses that have a flat above them. A lot of places were unmortgable until the mid 90s. Not sure if ive got the name right but the Pennine Society lobbied Bradford and Bingley to get them to allow mortgages on them. I think my sister got her place for under 30K in the early 90s. She's trying to flog in for 140K. Just as well B+B was not sold to some scammy Spanish bank who are probably bust. Personally, I don't like Hebden. Its nice on a warm summers day but cold and miserable in from Oct thru to April. And the constant right-on wimmin get me down.
  17. And Bradford and Bingley. Are they doing OK?
  18. Doley - well 16hrs + works in the shop. Aspirations to become some sort of public sector paid wimmin.
  19. Sister's selling her house in Hebden. Bought for pennies,selling for millions. Not quite, but you get the idea. The main occupation of Hebden's population is doleys or lesbian social worker. Anyhow, I've been using rightmove for comparing sister's overpriced house with the competition. The initial conclusion is that the she's grossly overpriced - much better, bigger places for 50K less. The next observation is that the towns full of empty houses. There's no tape over the bog -classic repo sign. But a lot of the places are ****** empty. Some look like the occupants have just disappeared. I cannot work out is they are repos, ex-rentals, or development properdees gone wrong.
  20. Fail to see how. At the macro level, it would be interesting to see if what UK gov's deficit is like at the end of parliament. I'd be suprised if they've got it to 0. Then they have to start the process of paying it all back. Basically, that means unravelling GB's 'get everyone working for the state or on benefit'. Seriously, do a count of the number of people either on benefits or working in a public funded org, or the new one - 16 hours tax credit jobs. I have - it reaches about 70% in a nominally prosperous town. All at the same time you get a large number of boomers transferring from working to retiring. A large number ofwhich are unfunded public sector jobs. Greece is the word!
  21. http://www.ft.com/cms/s/0/3e46ac04-67fd-11e1-978e-00144feabdc0.html#axzz1oJrrQbvD Ultimately, the creditor calls the tunes. What people fail to realise is that the US was a net creditor til the mid-80s. The past 25 years have been about slight off hand and central bank BS. Its failed. God knows what's going to happen in the UK. The recent series of SVR rate increases fom the bank could reflect that the BoE is getting ready to normalise rates. It costs UK banks a !lot! to raise money for mortgage. The SVR are starting to reflect that.
  22. Got it. Rising Sun. Its a gay bar now apparently. God. I spent an afternoon letching at a barmaid with the most fantastic ar5e on Saturday. How times change.
  23. Sloughs not a towns. Its a disease. WIth round-abouts.
  24. Can't remember going to it. There did used to be the rock pub in that area. It had arhono's head in it - i've never been in there sober - or any in any level of consiousness.
  25. Have you noticed that everyone's anecdotes about Reading are about drinking, doing drugs, getting stabbed or leaving? Pipers Island! That place on the river on the way Caversham. Fell in the river there. P1ssed.
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