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Sancho Panza

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About Sancho Panza

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    Props to Elpasi for all price/volume charts

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  1. I think the real story here is that transactions are dropping,and are at 10 year lows iirc. The recent rise in rates is a smokescreen.
  2. They also get included in mortgage calaculations I believe.
  3. I'm intrigued as to whether the debt can be collected off other assets that a student may accrue post graduation?
  4. I think they're toast Ash.Current trading is going down.Things are worsening I suspect which may explain why they're trying to get this moving.
  5. From the comments.Completely oblivious to the non 'market' interest rate he's been enjoying for ten years. Completely oblivious to the non 'market' housing benefit propping up retns at the lower end. Words fail me sometimes. 'Don't have any problem sourcing tenants. Indeed they come to me pestering for me to let to them!! I have no problem charging top market rent. You work very hard to provision your letting property. You deserve the market rate for that asset. Time for your poor tenant to recognise it is a cruel world out there and that to affor
  6. Not before time,seen the usual parade of parasites arguing against it on the news. It's hard not to laugh,as the parasites can't see the politcal aiming marker on their backs.
  7. Which bit of the legisdlation being currently implemented have you missed.Admittedly they could have implemented S24 without the phasing in but it's a game changer. Lettings fees ban inbound.Seriously? And I can't stand either of the OxBridge Blue or Red teams Good to see the impartial speaker is 1 out 1 on this.
  8. If you're saying the Westmisnter class are aqful negoiators or that they're not the sharpest cards in the pack,I'd agree with you.
  9. RBS would have gone under with or without Fred.Bailout was the only hope.
  10. I think the 25% may refer to those who receive formal documented help ie parents are second charge or bank is aware there is a loan for deposit. If you just lend your offspring money and don't document it,then there's no way the L&G will know about it. Wolf St has become my go to web page for financial journalism.Really top quality analysis that touches subjects the MSM leaves well alone. Unlike Mish Shedlock-who's a similarly good read-Wolf takes a far closer look at specific businesses.
  11. Two days old,not sure if not posted yet. loved the Henry Pryor quote. Wolf St May 31 2018 '“Mum & dad are lending money to their kids so their kids can afford to pay the prices demanded by mum & dad & their friends. It’s like a giant Ponzi scheme but where the victims are your children.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. As the economic growth in the UK stutters — for the first quarter, the UK posted the worst GDP figures in five years on weak business investment and household spending — the country’s all-important housing mark
  12. I'd watch out in terms of where you're placed with regard to your capital shoudl Close Bros be subject to a bail in. If you're money is in a normalsavings a/c you'rre covered by the FSCS guarantee for 80k I think.If you've bought a bond with them,I'd check whether you're being paid a premium for a risk that you're unaware of. Must state I'm not a financial adviser and that you should get some advice from someone in the know.
  13. This is potentially a once in a 70/80 year debt deflation.Previous busts were mainly inflationary/rising IR's. I rule nothing in/nothing out.But best guess at the mo is debt deflation which followed GD1 and featured contractions in broad money supply which didn't occur in the busts you mention. Deflation thread is worth a read if you haven't had a butchers. Like I say we could both be worng.One of us could be right etc.
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