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House Price Crash Forum


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About NorthernMonkey

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  1. Arcadia group sticking it to the Landlords... erm… https://www.msn.com/en-gb/money/business/green-to-unveil-revamp-of-topshop-empire/ar-AABJOlM?ocid=spartanntp "The high street tycoon Sir Philip Green is to launch a make-or-break revamp of his Topshop empire that could see landlords handed a shareholding of more than one-third of the business. Sky News understands that Sir Philip's Arcadia Group is preparing to unveil a Company Voluntary Arrangement (CVA) restructuring by the end of the week - with an announcement possible as soon as Wednesday afternoon."
  2. Anecdotally, my missus's friends all use ASOS as a bit of a 'try it and see' website, they'll literally order 3/4 of the same dresses in different sizes, try them all on, then return 6/7/8 of the other items. I've noticed this myself when dropping off deliveries at Royal mail, stacks and stacks of 'free returns' in ASOS bags... logistics and waste must be murdering them.
  3. https://www.sunderlandecho.com/news/sunderland-afc-shop-inside-city-centre-debenhams-store-to-close-this-weekend-1-9425400 Somebody been tipped a wink? Ironically this seemed to be about the only part of this particular Debenhams that had people actually buying anything.
  4. Don't know why there's so many "literally's" in that poorly constructed anecdote.
  5. Literally just got in from a few jobs in Durham, literally wall to wall with Asian students (there is a Japanese college also), but it seems to be very heavily overseas students this intake.
  6. A quartz movement is generally far more accurate as a timepiece, much more end-user friendly as there are so few moving parts, therefore less maintenance requirements and less time in construction etc. Apart from the occasional battery change most will be unlikely to ever need to touch the movement itself. And it's likely to remain far more accurate than a 'superior' model. The 'watch collectors' are more interested in the style of movement, and it's application, horrendously complicated Chronographs with multiple complications and crazy Toubillon movements are the things that have people spending many many thousands/millions on individual timepieces... Are they any better as an actual time telling watch than a £15 timex, casio or A.N Other? Not really. But it's all about the 'brand' and how much they can leverage from the customers pockets. The knock on for the secondary market is that every time the brands increase their RRP's the second hand market also increases across the board.
  7. That's exactly it, they also limit who can service or repair the watches which again creates the illusion of some watch magician working wonders in their service centres etc. Of course you can join the club, if you have around £40-50k to spend on their training and tooling.
  8. I've been refurbishing and selling watches recently, as a bit of a side income. (As well as vintage and antique jewellery). Having bought and sold Cartier's, Breitlings, Rolex's, IWC's and so on. The quality really isn't there for most consumer grade items, from around the early 2000's onwards. many/most use simple cheap quartz movements, which literally cost pennies, yet are marketed as the ultimate watch. Cartier and Breitling use Quartz movements a lot in their ranges which are manufactured in bulk by companies such as ETA, miyota, etc. As an example, a Cartier Chronoscaph can be had for a few hundred pounds on eBay, obviously needing some restoration. Easily then sold for north of £1k and they fly out! Breitlings from 2000-ish onwards are the same, B1's, Chrono's, etc all use quartz movements and are easily sold on ebay and chrono 24. Of course, the real auto/mechanical movements are where the real engineering comes in, but then you tend to be at a higher price point, where the true 'collectors' pay a bit more money for the 'right watch'. Incidentally, I wouldn't wear most of the watches I have in stock, they attract too many utter thunder-c@nts. who feel the need to show you how expensive they think their watch is etc. But, while they're happy to keep paying the money I'll keep taking it from them. Saves going to work in some god forsaken office somewhere.
  9. Ironically I've recently left a relatively "good" job within a corporate tw@t-fest oop in the Grim North. (Oil and Gas/Subsea based specialist). The amount of stress and misery abounding these places is immense, lots of people are broke by the 3rd of the month and are so desperate to stay on the treadmill that they're happy to furk over anyone and everyone to get a little farther up the corporate ladder. I now have no intention of joining the PAYE brigade ever again (I'm 37), I have enough savings in the bank for multiple years of renting and expenses, 3 children who now see their father and a whole load of skills that I'm throwing into a bunch of ventures. Anything from buying/selling antiques, jewellery, vintage watches (I repair and refurbish them all myself - a useful and relatively easy skill to acquire without the need for too many expensive tools.) Converting vans to campers, refurbishing classic motorcycles/cars, flipping cheap cars etc etc, I may even try my hand at some upholstery and leather work. The UK Gov won't be seeing much/any revenue from me, it'll all be back into the business and pensions for me and the missus, as well as a tidy horde of scrap silver and the G word. I must tip my hat to @durhamborn on here as his recent thread has opened my eyes somewhat to what may well be coming our way. It feels like there's a long way to fall from here, even in the 'affordable' north and I'm happy to be completely out of it until there's blood on the streets.
  10. Very interesting to see more and more opinions on Amazon and their seemingly unrelenting march forward in e-commerce and the subsequent results in high streets and malls across the Amazon serviced world. I'd be interested to hear how you see sales going on Amazon? I'm currently dabbling with some FBA, although selling into the US market at the moment. I know you sell via Amazon DB, how do you see it panning out for the small sellers?
  11. Indeed, anecdotally, a raft of available student properties in Durham at the moment, hugely overpriced for the local market and they could e lovely family homes again, but he student slumlords have pretty much pushed everyone else to the outskirts of the city. The university and their chosen developers are putting up bespoke units for the students... lots of housing about to become available.... but at what price?
  12. http://news.sky.com/story/gazumping-could-be-banned-under-new-government-plans-11093022 All over sky news this morning. Among the horrific ideas include... Mr Javid said the Government was looking for views on: :: Gazumping - when a seller accepts a higher offer after already a agreeing to a sale :: Confidence - schemes like "lock-in agreements" could build trust in the housing chain :: Innovation - Putting more data online could speed up the house-buying process, which is "too slow" and expensive :: Information - encouraging buyers and sellers to pull together evidence so homes are sale ready. Mr Javid said: "We want to help everyone have a good quality home they can afford, and improving the process of buying and selling is part of delivering that.
  13. Definitely seeing this in my locale, (Durham - DH1) Absolutely barmy asking prices almost immediately reduced within a day or two, which most agents seem to do, so presumably there's some kind of market rigging & collusion on the go. Completely pointless as the local wage wouldn't get near the multiples required to buy these houses... never mind... keep asking 'what it's worth'.
  14. I'd imagine some of this is a result of the Typhoon build programmes coming to an end? Surely it was always going to result in excess capability with no orders to fulfill? It's unfortunate, but as stated above MOD procurement initiatives are generally horrifically executed and require massive manpower just to pull the project along (nowhere near budget or time) I've worked in these aircraft projects before in my past life so have experienced the waste first hand. (Chinook glass cockpit reversion). I think there is a massive potential for smaller manufacturers to appear and take home a large chunk of the 'established' defence communities pie, more efficient manufacturing is now much more accessible with smaller multi axis CNC/ high end 3d printing and that's before you even look at the advancements which consumer level drone technology has taken on in the last few years, much of this can be integrated into an almost throw-away piece of equipment which will be a fraction of the price of an item supplied by QinetiQ or BAE... if it's only got to last for one job...
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