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Posts posted by Mancghirl

  1. She needs to have a word with my old mum:

    Broadband: £9.99 BT low use tariff for pensioners

    TV: £0 (freeview built into telly)

    Mobile: £7pm on Vodafone, which I pay for her.

    Transport: Free bus pass covering entire county. No car.

    My mum worked full time until she was 68, and saved every penny after my folks had paid the mortgage off, as she had reduced NI stamp contributions in the 1970s which affects her pension. She knew it was coming, so she sorted it out herself. 

    I feel sorry for her in respect of her ex ripping her off, but having said that, I would never let anyone else get near my savings/investments. My parents both managed their own pensions and savings, and kept individual bank accounts, and they are older than this woman - it isn't that unusual. 


  2. On 01/11/2018 at 18:56, stilgar said:

    Anecdotal but spoke to a solicitor today how said that the market in Edinburgh has changed a lot recently. Wheras before there were around 10 people bidding / home now there is just a few 


    Things are clearly slow, seeing more and more at FP and nice stuff in desirable areas not just dross. Definitely less frothy. This time of year is traditionally slow in Edinburgh, there's normally a mad rush to complete and get moved by the end of September, but time will tell if things are heading down *fingers crossed*

  3. 1 minute ago, spyguy said:

    Given him his dues - he a buying agent. He's a breathe of fresh air.

     Most Brits working in the private sector - never mind CEO types - look askance at the Marxist sh1thow that makes up Labour currently.

    I doubt Mr Freehwheeling Billionaire would risk it.



    I don't speak for the entire public sector, but as someone in a leadership position, I know that Corbyn and his ilk couldn't run a bath. He'd be out of his depth as a till supervisor in Tesco.

    However, things are so dire in terms of our funding position that even a couple of years of J McDonnell as Chancellor throwing cash at us is looking tempting. 

    The notion that Corbyn is putting the wind up the rigged market capitalist types, given that opinion polls show no chance of Lab getting anywhere near a majority, is a bit fanciful on behalf of The Grauniad. Other factors at play.

  4. 2 minutes ago, longgone said:

    because it was meant for foreigners to pile in and buy up.  build quality and location are not of importance it is in zone 1.  

    The investors thought it would be worth more later regardless.  now that has gone down the pan anyone who bought a flat is going to lose a lot of money. 

    Sad for them.

    I remember when it was a monument to idiotic speculation and development during a housing crisis, and half empty.


  5. 8 minutes ago, longgone said:

    lets not forget this tower underneath the flashy exterior is built no better than grenfell. 

    That's what I don't get. I used to walk past it regularly, and it was pretty grim. I'm unconvinced that Crossrail, or whatever else has gone on around TCR in the last 10-15 years has improved matters.

    I note that the developers are marketing it as 'Covent Garden', so as to conjure up mental images of opera, and strolling through cobbled squares as a string quartet plays. Rather than electronics shops punting cheap amps.

  6. 2 minutes ago, Bear Goggles said:

    Well yes. A 100% LVT would be very similar to expropriation, in fact, it's worse because it's theoretically every year. 

    Realistically, there will be increasing pressure to tax empty property, particularly in London. Ultimately leaving large amounts of property empty in an area where there is a lack of affordability has a social cost, you can either ignore it until the politics blows up in your face and something radical happens, or you can introduce milder measures to reduce it. The Tories actually have quite a good record of doing the latter, but right now there's so much sh!t hitting so many fans everywhere, you just have to wonder what's going to blow first.

    We're past the tipping point of even upper middle classes being priced out of London, but the Tories are so invested in the chaos of Brexit that they're letting much of domestic policy concerns slide, see also policing and school funding.



  7. 5 minutes ago, No One said:

    No, that is expropriation w/o compensation and it flies in the face of common law that goes back ages. You can do a Land Value Tax or equivalent, this will make profiteering on land speculation obsolete.

    Excellent, 99% of properdee's listed 'value' -  paid annually. That should sort this kind of nonsense.

  8. 10 minutes ago, deadlyavenger said:

    Thing is why are they so delusional about this still?? They are clearly priced too high and/or there is less demand for these kinds of flats (at these prices)

    Also is the developer (Almacantar) flush with so much cash that they can afford not to sell these 40 odd flats? Is this the case for a lot of the PCL developers?

    In the article they claim that they have broken even from sales and renting the commercial space on the ground floor, so will just wait until people come to their senses and pay asking prices *roll eyes*


  9. 39 minutes ago, deadlyavenger said:

    Possibly worthy of its own thread!


    "Half of tower’s 82 luxury flats remain unsold as Brexit jitters and tax rises bring ‘silly offers’" - Lolz! They're overpriced you moron!!!

    "More than half of the 1,900 ultra-luxury apartments built in London last year failed to sell, adding to fears that the capital would be left with dozens of “posh ghost towers”. The swanky £1m-plus flats, complete with private gyms, swimming pools and cinema rooms, are lying empty as hundreds of thousands of would-be first-time buyers struggle to find an affordable home."

    Just seen this, and it is a hilarious read. They're not entertaining cheeky offers, you know.

  10. 5 hours ago, mattyboy1973 said:

    I'm guessing this has to be interest only, although they didn't specify that in the program, since was it 15 years they have been paying it? They'd have broken the back of it by now if it was repayment. If it is interest only, then they have a 600k mortgage by my reckoning which is obviously bonkers. I wonder what they're house is worth now?

    Maybe not a totally popular view on here, but I have always thought mortgages should be non-recourse. The very idea of securing the loan should imply that the security is enough should the payer default. This would have helped reign in a few of the excesses perhaps (OK - didn't do that in the US) and at least gives people the option of walking away without further debt.

    Also, there's been massive HPI in the last 15 years, so surely the house is worth far more than they paid for it? So they could sell up, and use their equity as a massive deposit on another place that they can afford? 


    Unless they've been remortgaging to buy cars, extensions, new kitchens and foreign holidays. Whilst on an IO mortgage. Presumably with no repayment vehicle.

  11. Seeing a few more things shifting to Fixed Price on ESPC, of course most of it is still way overpriced. Also spotted a couple of repossessions last week, which I haven't seen for quite a while. 

  12. Friends of mine have just split and sold up in South Edinburgh. Only bought 2 years ago, were inundated with boomer downsizers and back from London buyers. Sold to a back from London buyer for cash in under a week for 25% more than they paid 2 years ago.


    Meanwhile, in the Borders, people are failing to sell houses at prices below what they paid in 2006. Edinburgh is completely disconnected from reality, how long can this go on?

  13. 4 minutes ago, One-percent said:

    Teacher training applications generally have been on a downward trend for about five years.  For next academic year, they seem to be falling off a cliff. 

    We're now at the stage where the first few years of graduates with the full 9k p.a. tuition fee debt are hitting the jobs/postgrad market. Not coincidental.

    Also factor in the dog's breakfast that Gove made of the teacher training routes, and poor perception of terms and conditions generally. It will take a big recruitment programme, which includes the offer to repay loans, to get numbers back up. 

  14. 2 minutes ago, mathschoc said:

    Going to throw in another reason for shortage of good Maths teachers.

    I have taught numerous students who went on study Maths at University, some considered  teaching when they applied. None of them have so far ended up in teaching. If you live in the SE, a teachers salary is not enough to pay a landlord/living costs. The majority end up in Banking and Financial sector, there is a LOT more money there. 

    The services sector has created a huge imbalance which I don't think will ever be corrected.

    Definitely true.

    Also HPI creating shortages of Heads etc in the SE. Why would anyone move from an area like the NW or NE where you can afford a pretty decent lifestyle on a senior teacher salary, to take up a senior leadership role in the SE for 5 to 10k more, but cannot even afford a 1 bed flat?

    We've recruited 2 house price influenced relocators from London and Kent this year (North East England).

  15. Just now, mathschoc said:

    It's because Education is now a big business. Labour ditched O Levels to bring in easier GCSE's, I went through GCSE's myself and I can see the difference. Then came in numerous exam boards all wanting a slice of the pie, the easier the sample papers the more schools join. I can't stand Gove but he hit the nail on the head " a race to the bottom"

    Undfortunatley he did not do away with the greedy exam boards, something to with one of them being a large donor to tories.....a bloomin mess.

    Don't even get me started on the exam boards. One thing Scotland has right is the use of one exam board.

    However, GCSEs were brought in under the Tories, not Labour! (1988)

  16. 3 minutes ago, mathschoc said:

    I agree with this, although Engineering grads are just as good at teaching as Maths graduates. These top-up non specialist teachers should not be allowed to teach, but we are in a state where that is not an option.

    Yes, we've got 2 excellent Engineering grads teaching GCSE. Very fortunate. However, I've taught in inner city schools where no-one in the Maths team had a degree with substantial Maths content. But as you say, we don't have options  - every single UK Maths graduate every year is required to train as a teacher, with current attrition/retirement rates.

  17. Just now, mathschoc said:

    The Russell group was formed in the 90's. What is wrong with Non Russell Group universities? I have a maths degree, did not choose RG due to affordability and also the fact my parents let me run with my decisions as they had no idea. 

    I have helped teachers including a few from Oxbridge, yes Oxbridge, (despite the prestige they still forget what they studied) with problems they have difficulty with in either Maths Challenges or A Level maths. 

    Elitist snobbery is precisely what has caused a big division in society. 

    Nothing again non RG institutions, but I went to school within a few miles of Manchester/UMIST, so it was inevitable that lots of my teachers were drawn from there. 

    Our two best A level Maths teachers at my present place of employment are graduates of Leicester (non RG) and Open. Both rock solid and brilliant in the classroom. The main issue now is that lots of people teaching Maths at GCSE and A level don't have degree level Maths, but went through top up training due to a chronic shortage of teachers from the 90s onwards.

  18. 23 minutes ago, spyguy said:

     Partner works at a primary school.

    AFAIK all the teachers have degrees now.

    There's a big hoohaa as a lot are beign asked to step up a year and teach the curriculum. Thats moving from teaching 5 year olds, to teaching 6 year olds.

    I helped at a 'Doing maths' event a year ago. It was putting together some info to help parents help their kids.

    We had a dry run with the teachers. Not a single teacher could do a simple fraction - 1/2 + 1/3.

    Most failed at percentages too.

    This is stuff the kids are meant to know at 11.

    Id always thought you neededd to Maths at GCSE to go to Uni.

    You need a grade B at GCSE, and to pass an online test, to start a teaching degree or PGCE (which is fairly standard mental arithmetic e.g. a train leaves Birmingham, travelling at 120mph etc) However, you only get 1 or 2 minutes to answer each question, then the test moves on. No calculator either, just pencil and paper, IIRC. I completed it in under ten minutes and hadn't done a stroke of Maths studying since GCSE in 1989, but plenty of basic calculations in the workplace since graduation.

    When I trained in the mid '00s, one of my fellow trainees still hadn't passed the maths test after 8 attempts (You have to pass it to even begin training now, and attempts are limited).

    The lack of degree qualified Maths teachers in Secondary schools is having a massive knock on effect on maths skills in the population now. I thank god that I went to the school that I did, with a department stuffed full of crumbly old maths graduates from RG universities, who knew their stuff (even though I hated it at the time). State school, 1980s.

  19. I deal with university admissions in my job - most of the Universities are seeing application numbers in decline, and lots of the post 1992 institutions are giving out unconditional offers like sweeties. Even some of the Russell Group have been giving out lower offers than I've seen in many years. 

    Only Oxbridge and the top end RG are holding firm in terms of grade offers, or courses that are overwhelmed with applicants from middle class young women who will get ABB at A2 (e.g. Psychology, English Lit). 

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