Jump to content
House Price Crash Forum

kjw

Members
  • Posts

    362
  • Joined

  • Last visited

Everything posted by kjw

  1. They're shamelessly greedy, they're tearing apart communities and they're one of the main drivers of inequality. Bankers? Tax dodgers? Actually, it's property developers. If they continue in this way, argues Owen Jones, housing will become a luxury asset for a few to make billions from while ordinary citizens are priced out of their homes http://www.theguardian.com/commentisfree/video/2014/dec/10/owen-jones-property-developers-bankers-global-menace-comment-is-free-video
  2. Bicester is just 6 miles from Chipping Norton (Dave's home village) Also, it seems SamCam has holdings in the company that will be responsible for this development. Dave reckons he “forgot" to mention it on the register of members’ interests.
  3. Excellent piece, thanks for posting. One might be forgiven for thinking that current UK economic problems would be a trigger to change to something more sensible like this.... but I wouldn't hold my breath... the UK rental system did used to be a lot more like Germany's before Thatcher’s *reforms* [in the late 80s]... under the old Rent Acts, tenants had security of tenure and price controls.... perhaps it's time to bring something similar back?... But as I said: I won't be holding my breath.
  4. Why not vote Green, they also support full reserve banking and they throw in an LVT and a Citizens Income for good measure, looks like the winning hand from where I'm sitting ;-)
  5. Furious Ed Miliband has said he will ban firms like Next from advertising jobs abroad before theyare offered to British workers. The Labour leader tore into the clothing firm - run by Tory peer and donor Lord Wolfson - after the Mirror revealed it was advertising jobs in Poland before they were offered to local workers living near its warehouse in South Yorkshire. Hundreds of Polish workers have been bussed in on short-term, minimum wage contracts. Mr Miliband, a South Yorkshire MP, raged: Lord Wolfson should know it is simply unacceptable if jobs at Next are being advertised first in Poland, only in Polish, and for significantly less than they pay their permanent staff. [more at link] http://www.mirror.co.uk/news/uk-news/ed-miliband-ban-firms-advertising-4714877?ICID=FB_mirror_main
  6. Eurozone inflation will fall close to zero by the end of this year, economists said on Friday, after official data showed price rises dipped to a five-year low in November. Experts said falling oil prices and weak demand would push annual inflation down to 0.1pc next month, after Eurostat figures showed consumer prices rose by 0.3pc in November compared with a year earlier, from 0.4pc in October. This was in line with economists' expectations and the same rate as in September, which was also the lowest since October 2009. The fall was driven by a decline in energy prices, which fell by 2.5pc in November compared with a year earlier. Brent crude fell to a five-year low on Thursday after the Opec oil producers' cartel members agreed to leave oil production quotas unchanged. Economists said Friday's data and updated eurozone inflation projections next month would heighten fears that the 18 nation bloc is edging towards deflation and trigger additional stimulus by the European Central Bank (ECB). Data on Thursday showed prices in Germany rose by just 0.5pc in November, down from 0.7pc in October. [more at link] http://www.telegraph.co.uk/finance/economics/11259983/Eurozone-edges-closer-to-deflation-in-November.html?WT.mc_id=e_3719619&WT.tsrc=email&etype=frontpage&utm_source=email&utm_medium=Edi_FAM_New_TEST_V2_2014_11_29&utm_campaign=3719619
  7. Complaints manager at the parachute packing factory
  8. Ed Balls has urged the Chancellor to plough £1bn in fines raised from banks found guilty of manipulating foreign exchange markets into the NHS. In a speech to Labour's East of England regional conference in Ipswich today, the Shadow Chancellor called on George Osborne to use next month's Autumn Statement to give "an immediate boost to our health service". "The fines levied on banks for foreign exchange manipulation should now be used for a wider good," Mr Balls said. "And I believe an immediate boost to our National Health Service, which is going backwards under the Tories, must be a priority." [more at link] https://www.politicshome.com/uk/story/45544/
  9. I blame the left for the rise of the UKIP fruitloops, it's so congenitally disorganized that it couldn't pour p1$$ out ofa boot if the instructions were printed on the heel
  10. All about further erosion national sovereignty and granting greater power and control to multinational corporations (as do all such "free trade" agreements).
  11. If you’re under 30, old people have stolen your future. And what’s worse, you let them do it. This sounds like a sweeping generalisation. And, of course, we could argue over the details. But, bold and unshaded though this statement is, it’s pretty much true. On one hand there has been a huge intergenerational transfer of wealth upwards. And, on the other, the people who are have been the beneficiaries of this transfer have left unpaid bills all over the shop. So yes, Philip Larkin was right: your parents did f—k you up. As for how you let them, we’ll come to that. In a nutshell, they’ve shafted you financially. It’s a depressingly familiar list: property, pensions, the NHS, further education, student debt, the national debt and so on. They built a giant, towering pyramid scheme to ensure they had lovely lives and they’re now spending their gold-plated pensions on exotic holidays; the boom in the cruise industry over the last decade is no accident. Meanwhile, you live in a tiny shared rented flat in Zone 4, working in a job whose wages are so meagre it may as well be in internship. Worries about your own pension don’t really come into it: you’re more concerned about next month’s rent which, of course, is funding some 57-year old’s third buy to-let-investment. In seven years time, when you’ll be finally earning the national average wage, you can start paying off that £40k of student debt you racked up for that useless degree that Tony Blair told you would be your passport to the good life. It’s hardly surprising that Russell Brand is calling for revolution. Brand is clearly on to something because recently there has been a concerted effort to rebrand him (sorry) as a nincompoop and his followers as naïve. For what it’s worth, I do think he’s a bit of a fool. However, to write him off is also naïve. In his excellent analysis in the FT, Michael Skapinker notes that Brand has more Twitter followers than the FT and Wall Street Journal combined, and concludes “[His] revolution is not going to happen, but many of his criticisms resonate – and not just with his credulous fans.” [more at link] Enjoy!! http://www.telegraph.co.uk/men/thinking-man/11231796/If-youre-under-30-bad-luck.-Youre-screwed.html
  12. Britain's huge debt interest bill remains on course to hit £1bn a week this year, after official data showed the Goverment borrowed £3bn more in April than forecast by analysts. Public sector net borrowing excluding one-off payments related to Royal Mail's pension plan and quantitative easing gilt coupon transfers, stood at £11.5bn in April, according to the Office for National Statistics (ONS). This was £1.9bn higher than in April 2013, and much higher than the £8.4bn expected by analysts. The larger-than-expected deficit helped to push up public sector net debt to £1.27 trillion in April, or 75.6pc of gross domestic product (GDP). The interest on Britain's debt pile is expected to hit £52.1bn this year, according to projections by the Office for Budget Responsibility (OBR) - or the equivalent of £1bn a week. “Today’s figures show that government’s overall debt has increased by £88bn, or 7.5pc since the same time last year - almost five times what we spend on fighting crime," said Ed Roddis, head of public sector research at Deloitte. "This coming year, interest on central government debt will pass the £1bn a week milestone. As political parties form their manifestos for the 2015 election, they need to consider spending and policy commitments against the backdrop of this pressure on the public finances.” [more at link] Thank heavens for Osborne, I don't know where we'd be without him http://www.telegraph.co.uk/finance/economics/10849333/Interest-bill-on-UKs-1.27-trillion-debt-to-hit-1bn-a-week.html
  13. More than one third of the £25bn housing benefit bill for this tax year will find its way into private landlords' pockets, according to official figures just published. The Department for Work and Pensions latest housing benefit costspredict the amount of housing benefit spent on privately rented accommodation - £9.5bn for 2014-15 - will rise to £10.8bn by 2018-19. This is almost 40pc, a proportion expected to remain consistent, with the sum rising in line with the total housing benefit spend. Lobby group Generation Rent - which represents tenants and would-be homeowners - argues this "subsidy" is encouraging the popularity of buy-to-let, propelling property prices higher and making homes less affordable for those renting. [more at link] http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10787462/Landlords-9bn-housing-benefit-fuelling-bubble.html
  14. Young Britons forced out of the housing market at home are turning their eyes abroad in an effort to get on the first rung of the property ladder. In the past year there has been an 80 per cent spike in interest in buying foreign properties among British people aged under 40 in the past year, according to new figures. It is a trend that is gathering pace: a similar study published in September 2013 found the number of people in their thirties buying abroad had risen by 25 per cent in two years, according to investment advisers MoneyCorp. Then the US and Spain were the most popular markets. Recent data from ONS shows that two million people between the ages of 25 and 44 left the UK in the decade to 2012. But the overall rate of emigration is on the decline, suggesting that interest in foreign property could be driven by the desire to get on the property ladder. Angus Hanton, co-founder of the Intergenerational Foundation, warned that the figures showed how the UK's growing age divide was storing up huge social problems for the future. "At risk is a potential brain drain, asset drain and generational drain if these young people choose to move abroad permanently in the future, having been let down by the UK," he said. "Policymakers must do more to help the many under-40s locked out of the housing market to put down property roots at home rather than abroad." Mervyn Jones, a housing analyst with property consultancy Savills, described people 30 and under as the "new excluded" in the housing market. "These are young people who are unable to buy because of prices and mortgage availability," he said. The latest property market projections, published by Savills last week, indicates there will be 1.2 million more renters in Britain by 2019 as property prices rise by 20 per cent in the next five years. The Government is attempting to attract investment into the private rental market to provide decent housing for young people, but Mr Jones said investors were unable to find enough opportunities to provide rented homes because of the scarcity of housing overall. "The recommendation was to try to develop a new sector of market rent which, of course, the Government has attempted. These are hard measures because it's a big problem. But the housing market is still stagnating because of supply," he said. Freelance writer Beulah Devaney, 27, decided to move to Amsterdam with her 32-year-old partner, a web designer, to save for a deposit to buy a property. Although she was planning to buy in the UK, she says she is under pressure from other British expats to follow their lead and invest in property in the Netherlands. "None of us could buy at home so I think we're all a bit shocked at how good the housing market is here, and there's a feeling we should take advantage of it," she said. "As a young person in the UK, I had to leave to be able to afford the standard of living my parents took for granted 20 years ago. I'm sick of paying off other peoples mortgages and supplementing the pensions of inept landlords." However, Ms Devaney has yet to buy a home abroad because of her concerns about becoming a landlord herself if she decided to move back to the UK. "I think it's immoral for people to own more than one house and I don't want to buy into that system just because I can," she added. But Mr Jones said purchasing abroad was compounding a global issue where the youngest in many countries cannot afford the basic cost of living, including housing costs. He said shared ownership – where an owner buys a share in a property from a housing association and pays rent on the remaining share – could offer an answer. But to do this, more has to be done to reassure young buyers that the government could protect them from the risk of spiralling leasehold or service charges, he added. http://www.independent.co.uk/money/mortgages/young-britons-buying-foreign-homes-as-way-of-getting-on-to-property-ladder-9849240.html
  15. It's Sarah Millican and if you think this idiot is funnier than her, then it's not only your spelling that needs serious attention
  16. Under FPTP and with incumbency effects, I think I was probably being a little generous tbh
  17. How can anyone think that UKIP can possibly be involved in any coalition in 2015, the best result they can possibly hope for is 3 or 4 seats.
  18. It's a step in the right direction but I'd rather have a Land Value Tax http://www.independent.co.uk/voices/comment/the-smart-solution-is-clear-a-land-value-tax-9150510.html
  19. Mansion tax could wipe an average of 5pc off homes worth more than £2m should Labour win the next general election and make theproposals a reality. The plans touted by the shadow chancellor, Ed Balls, could mean a 10pc drop for properties valued at £10m or more, and an 8pc fall for homes valued above £5m according to a new report from Savills. The property group has also estimated a 6pc decline for those homes worth more than £3m. People who own homes with a price tag above the £2m threshold could see their property value fall 4pc following Mr Balls' announcement that they will face a monthly levy of £250, a sum which gets progressively larger for more expensive properties. Even those homes below the cut off, between £1m and £2m, will feel the effect of this proposed policy, championed by Ed Miliband, and could drop 2pc in 2015. Bring it on!! http://www.telegraph.co.uk/finance/personalfinance/houseprices/11213934/Mansion-tax-could-wipe-5pc-off-the-value-of-high-end-London-homes.html?WT.mc_id=e_3664793&WT.tsrc=email&etype=frontpage&utm_source=email&utm_medium=Edi_FAM_New_2014_11_7&utm_campaign=3664793
  20. I guess individuals do not like change, even when that change is net positive. Sometimes people don't want to swallow the bitter pill, and I doubt there is much sugar coating we can do to make it taste better, even if it is the essential medicine to protect our future.
  21. Note that when Britain had full employment more or less there were practically no restrctions on immigration. Almost with mathematical determinism, the more government has `cracked down` on immigration the the higher unemployment has gone. Note as well that countries nowadays that are booming rely heavily on immigration, and Britain has very low immigration rates, comparatively. Remember in the 19th century, when Britain went from a 2nd rate to the major industrial power on the planet, there were no immigration restrictions at all.
  22. The economic facts have long shown for anyone that wants to see that immigrants are a net fiscal benefit rather than a cost, and that immigration is a net positive for wages and economic growth. So, it doesn't take a genius to see that something else is at play here when it comes to people opposing immigration. If people are xenophobic and don't like being around large immigrant communities, it's rational for them to oppose immigration. Presumably such people range from out and out racists to people with (possibly mild) preference for interacting with others who share the same cultural norms as them. I really can't see what else can be at the root of opposition of immigration. After all if you are worried about more people in this country being a burden on public services etc. you should oppose indigenous child birth (above replacement rate, in any case). I suspect few kippers object to nice middle class white people having large families.
  23. Comedian and TV presenter Griff Rhys Jones will “probably” move abroad and buy a “massive palace” if Labour wins the next general election, he has said. Perhaps the best reason I've heard yet for a Mansion Tax! http://www.independent.co.uk/news/people/griff-rhys-jones-to-probably-quit-uk-over-labour-mansion-tax-9834564.html
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.