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House Price Crash Forum

Wayward

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Everything posted by Wayward

  1. "Solve problems"...That's a joke..I'm concerned about the problems he has created..
  2. Who would have thought joining a stampede could result in poor outcomes?
  3. But the union Unite hit out at the Bank's decision, with its general secretary Sharon Graham saying that it comes at a time when "millions of working people are facing the worst cost-of-living crisis for generations". "This rise will put even more pressure on household finances as inflation and energy bills continue to skyrocket." https://www.bbc.co.uk/news/business-60763740 ....don't they understand what BOE policy has meant for the young, poor, asset-less?? or do they make these comments because their members don't understand?
  4. Which is it...are we struggling to make ends meet...or are we drowning in money and able to over bid £100k on a semi..? It appears to be both. It doesn't add up.
  5. Last year I received a letter from Yorkshire building society informing me of a savings rate increase, great I thought until I checked to discover my particular account was excluded. I complained and my complaint was rejected. Surreal.
  6. I doubt the Israelis are pleased...you'd have to be very naive to believe this money will really be ring fenced. With a democracy I buy the argument that the debt is owed to the nation but is a debt owed to the Shah really owed to the clerics? A questionable decision on a number of levels.
  7. I sold in 2006 to go overseas and was back by 2008 but never bought. So I sympathise with your friend. I wish I had bought in 2008 of course but situation is not as disastrous as appears due to investments in shares, even cash I held in p2p did okay for many years. Who knew events would unfold as they have and the UK Gov' s and state apparatus's capacity for successfully transferring wealth to their chosen privileged cohort. I Try not to be sour but I certainly have a dark view of TPTB...they evidently do not govern for the common good, young folk particularly are treated very poorly and I am amazed by their placidity.
  8. Great news for those that own land...they can extract more per square foot from the servile masses.
  9. Exactly...surprised this isn't reported as good news in similar fashion to reporting of soaring cost of shelter.
  10. House prices are detached from the fundamentals...this time it's different.
  11. Lloyds buying existing stock is entirely different and yes I agree should not be allowed, and wouldn't be allowed if our leadership worked for the common good.
  12. How is building new houses to rent out propping up the housing bubble...?
  13. I thought of posting this on a Nimby thread but here will do... In the Sunday Telegraph... John Lewis drops plans for affordable homes John Lewis has abandoned proposals to build a dozen affordable homes in Longstock, Hampshire, after it encountered opposition from residents. The company cited “a significant level of opposition to the scheme” in a letter to the parish council, which was driven by concerns about the potential for increased traffic and the size of the project. John Lewis had proposed 12 new homes off the main road in a street called Church Lane. John Speedan Lewis, the founder of the partnership, bought an estate in Leckford in 1929 and acquired more land around it over the years. The news is minor setback for chairman Dame Sharon White who has planned the company's future on building social housing and selling home insurance as it seeks to become less reliant on retail. A John Lewis spokesman said it was “committed to finding a solution to deliver affordable housing” in the area and it was currently considering alternative sites. a good start.!! Nimbys win first clash. The young folk will just have to stay on their mate's sofa or in the grim HMO so the wealthy, comfortably housed can keep their views.
  14. ?? no...at the points in time when the statements were made they were correct and the future uncertain. As prices continue to be manipulated higher and higher and more detached from a sustainable reality the risks increase. Buying a house today comes with a very real of risk negative equity and financial ruin. More than ever.
  15. The Count was correct all those times and is correct now..now is the worse time ever to buy a house...but tomorrow may be an even worse time. Who can say...the market is so grotesquely distorted anything could happen.
  16. The Times 'shadow ' MPC , including former rate setters voted 8 to 1 for an immediate increase. Some calling for 25 basis point increase. Wonder why the actual MPC are so out of step...does anyone really believe they are independent. ? Who really benefits from perpetual extremely low interest rates?? Follow the money.
  17. I expect we will see grim dormitories and shared houses dedicated for the elderly.
  18. Likewise for anyone that hasn't actively campaigned against high immigration. They have No right to complain against new housing development.
  19. Remember the "dementia tax"...it's a technique that seems to work. Language is so important.
  20. Between June and July they fell in price..the data shows that prices are falling. Accepted it is only one month.but it is a very significant fall. It was inevitable the mania would fizzle out leaving many with regrets.
  21. I think you are confusing regressive and progressive...in the context of this thread. It is clear they want poorer younger workers to pay for the needs of wealthy pensioners.
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