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House Price Crash Forum


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About kjw

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  1. Whats wrong with the British companies then? Dyson? Sky? Virgin? Is it because Apple have a better class of tax avoidance. http://www.bbc.co.uk/news/business-37348889
  2. New Labour played a big part in reshaping the NHS into a market system ready for privatisation and it is clear who is now running the show. From the various Acts of Parliament since 1990 to the de-funding and hospital closure plans it is McKinsey, the 'Big Four' accountancy firms, United Health of America and an assortment of MBAs who know f-all about healthcare and everything about profit lines who have been calling the shots. And they have got it all in place. Accountable Care or 'place based care' will be coming to the NHS near you any day, along with charges of various sorts and exclusions from the NHS offer. It's the end of the NHS as a comprehensive, universal and accessible service. Say hello to Kaiser Permanente, your new health provider from the USofA.
  3. Thanks giesahoose, I appreciate your kind words.
  4. I've just viewed a property with a list price of £110K. It's a proper dump but has massive potential. I have £25K deposit and I earn £1.5K a month net. Have offered £95K and am awaiting the vendor's response.
  5. Building a million homes by 2020 could be a pipe dream without urgent housing reforms, according to a new report from homeless charity Shelter. Analysis by research company Capital Economics, commissioned by Shelter, projects an eight per cent fall in housebuilding over the next year, as Brexit uncertainty has seen developers hit the breaks. This would mean falling 266,000 homes short of the government’s target, unveiled last September, to build one million by 2020. Britain would be building houses at the same rate as the time of the financial crash in 2008, it adds. [more at link] http://leftfootforward.org/2016/08/housing-target-could-be-missed-thanks-to-brexit-says-shelter/
  6. Same thing just happened in my area [Kirkby, Liverpool]... 4 bedroom house was up for £84,500 sold for £90,000
  7. Labour shadow chancellor John McDonnell has called for more councils to follow the lead of Manchester, Sandwell and Warrington councils which offer local authority backed mortgages. McDonnell said " we have to meet the aspirations of people to own their own home.” The idea of councils offering loans for property goes further than George Osborne’s Help to Buy scheme, which guarantees part of a mortgage to enable people to buy with smaller deposits. http://www.theguardian.com/politics/2016/may/21/labour--councils-help-first-time-buyers-mortgages-john-mcdonnell
  8. http://www.theguardian.com/business/2016/mar/29/bank-of-england-set-clampdown-buy-to-let-mortgage-report
  9. Waiting for the next Tory scam: Any homeless with more than £1m in the bank will be offered housing support.
  10. Npower is in deep trouble with it's debts because it invested a vast fortune in renewable and nuclear energy. Customer services went to Bangladesh about 2 years ago and the finance department went to Poland shortly afterwards because it was a less expensive workforce. They're looking to sell off some parts of the company so it might be a good time for Jeremy to get his twopenneth in.
  11. Giant Squid warning against Brexit. We know what to do then folks. http://www.telegraph.co.uk/finance/currency/12140736/Pound-could-crash-by-20pc-if-UK-votes-for-Brexit-warns-Goldman-Sachs.html
  12. The London Land Commission (LLC), a body set up by the Mayor of London to identify public sector land that could be redeveloped into houses, says at least 130,000 new homes could be built on surplus public sector land in the capital. [More at link] http://uk.businessinsider.com/london-land-commission-130000-homes-could-be-built-on-surplus-public-sector-land-2016-1?r=US&IR=T
  13. For all Osbourne's talk, he has managed to follow Brown's failings pretty closely. Bubbles, borrowing and stagnant manufacturing and building.
  14. The property investors mounting a legal challenge to the Government’s proposals to increase tax on buy-to-let investments have raised over £42,000 in just six days. Private landlords Chris Cooper and Steve Bolton are leading the challenge. They set up a crowdfunding page via website Crowd Justice on Boxing Day and have already almost met their £50,000 target. More than 600 people have so far contributed money to the challenge. They hope a judicial review will overturn the controversial “Clause 24” of the 2015 Finance Bill, in which the Government introduced plans to prevent landlords offsetting mortgage interest costs against rental profits before calculating tax. The tax changes, which will apply to existing investment properties and future purchases, will result in some investors paying tax even where they generate no profit or are loss-making. The judicial review – a legal process in which a court reviews legislation or administrative decisions – needs to be submitted by February 17, 2016. The challenge will be based on the argument that the Tory’s tax move flouts “a long-established principle of taxation that expenses incurred wholly and exclusively for the purposes of the business are deductible when calculating the taxable profits”. [more at link] http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/12074893/Buy-to-let-tax-raid-600-landlords-donate-42000-to-fund-judicial-review.html
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