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Hullabaloo82

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  1. Come off it. Once the whales and their pet exchanges have creamed all the real cash off the top the tether printers will give up again and pump the price back up, ready to attract the next wave of suckers. Samecas always. Nothing will really happen until regulators get serious about doing something about stablecoins.
  2. You can tell that sentiment towards Boris has changed on a mass scale. His stuff about Peppa Pig is called a "joke"; it's a British tradition to squeeze a couple of gags into even a comparatively formal speech and Boris uses it, quite rightly, to praise the British creative industries that churn out this kind of globally recognisable content. Aside from the obvious hypocrisy of this government trying to claim reflected glory from an industry it's unceremoniously chucked under the bus, Boris has spectacularly failed to read the room. People are fuming over the weight of sleaze engulfing this government and it just isn't the right moment for jokey Boris. The knives are well and truly out in the press too. The guy needs a haircut, a smart suit and to button down and be a bit statesmanlike (remember when that used to be the default jibe at labour leaders? How times have changed).
  3. There's a world of difference between living with family to help you save a bit of money (which i did on and off till my late 20s) and sponging. This guy sounds like he's doing the latter.
  4. Is it clear? DMSA (who seem to have bought the bare minimum bond just to expose the whole farce) are saying they haven't been paid and are pushing for bankruptcy proceedings. I understand that the arrangement on some these bonds is that if one defaults, they're all considered to be in default. The stories saying they paid seem to be coming from US sources; possible influence of US asset managers with significant exposure? Interesting to see the crypto market taking a minor nose dive too yesterday after bitcoin's record high; lots of rumours flying around about tether holding Chinese commercial paper. Not sure i buy that (most likely solution to the tether "mystery" for me is that tether just prints mostly out of thin air) but I'm definitely wondering whether someone knows something the rest of us don't now.
  5. Thank ****** somebody else said this. Nobody is productive 100% of the time and a bit of banter can help build relationships which help you work more effectively with others. It's about balance, ultimately. The "must work 100% of the time, laser focus on what I'm doing only" thing is indicative of the loan wolf attitude i was talking about earlier in the thread. These people often have tunnel vision and over estimate their importance and productivity levels.
  6. I don't think it's even that complex. It's just clickbait that's guaranteed to rile up the Mail's intended audience (just like breathless outrage pieces about being "forced" back into the office are for the Graun etc). Nobody that reads the Mail is wfh or has any agency over it. Back in the real world we seem to be quietly settling into a bit of equilibrium.
  7. The whole thing is becoming a "storm in a teacup" manufactured outrage. Doesn't feel like this should be beyond the wit of man to figure out. Some people are really good at working from home, some are shit. Some are great at deluding themselves they're amazing at working from home, some are just lazy and can't be arsed to travel. Some love wfh, some miss friends and colleagues at the office. Doesn't take a genius to figure out a blended approach is likely the most sensible. From my perspective, in a more senior role, the biggest issues with wfh are wasters, "lone wolves" who don't really understand their place in the organisation (and how it interacts with others) and people who are over confident in their ability. The problem with the first group is obvious, the problem with the next two is the total lack of flexibility and tunnel vision focus on what they're doing rather than the wider group. The reality is, people have had long enough to assess the situation and hybrid is a pretty fair compromise where 100% remote isn't working as well as hoped. I'm currently going in at least once a week, sometimes twice but no more and most people have been pretty receptive to that and we're finding it a nice mix. The office actually feels like a bit of a day out now; you're going in for a purpose, you get a lot done, we're back to picking up bits of info or speeding up projects by the osmosis of being around other people and sometimes there's a few beers and maybe even a curry at the end of it all because- gasp- it is possible to actually like and enjoy spending time with people you work with. It also makes you take wfh less for granted and the contrast makes it less dull; doing the school run then sitting at my kitchen table or spare room desk was becoming as much of a grind as the commute for me by spring this year. It's notable that the 3 people we are about to fire for non performance have all universally rebuffed any requests to come back to the office, one on health grounds and the other 2 because they've moved 100 miles + away from the office (one things we don't know yet, which is adorable). There's only 1 other refusenik who is actually approaching a high performer and she sits very firmly in the "thinks she's more valuable to the organisation than she is" category but, to be fair, does deliver work. For the rest though, out of a group of 80 or so, everyone else seems to have slotted fairly nicely into the hybrid system and, judging by the increase in traffic, train business abd numbers of people milling about in town and city centres I go to, we're not the only ones. I think the issue is far more down to the fact the loudest voices tend to be at the extremes than a genuine revolt at the prospect of having to go back in on the odd day of the week and if you assumed you'd be able to wfh indefinitely without first having that conversation with your employer (like a grown up), then tough shit basically.
  8. Ever wondered if it's you/us that "don't know the value of money"? I think people have realised money is cheap so worry less about pouring it into other assets.
  9. Seem to hear this a lot, can I ask; are you actually in "corporate life" or are you just going off an Alan Sugar book you once read? I very much am in "corporate life" and I can only go off what I'm seeing day to day and that is the large blue chip employer with a big presence in the City I currently work for talking about downsizing office space, one day a week back in the office expected, absolutely no push for anyone to have yo be back in the office right now as the workforce skews younger. If we're doing it you can bet our competitors are too. Personally I think there's been a culture of fear amongst employees baked in since the gfc but people are just now starting to realise the balance of power has shifted. There's a massive skills shortage in my sector; as somebody in a senior capacity I could switch jobs tomorrow if I wanted (and fairly frequently do). Employers are understaffed and it's skilled workers that requires a knowledge of UK institutions where outsourcing options are limited. Chickens coming home to roost for employers after a decade of pay freezes, lack of investment in training and piling more work onto existing staff as people left or retired, all under the guise of "recovery" whilst profits bounced back long ago. All it takes is a good crisis to turn the tables
  10. Simple answer is they're not. It's principally older millennials or slightly older couples. The former are ex tenants buying for the first time, the latter are just about old enough to have bought a flat in London on the back of their first graduate job and have likely ridden the wave to completely or mostly mortgage free by now. London gaff goes on Airbnb or Foxtons to let and it's off up the coast. I think rumours of the backlash for moving further from the office are exaggerated. It seems baked in now, and most people will accept a 6 hour round trip (or even a night in London if they still have a place) once a week if they get to keep their London wage but live in the sticks. I suspect the rental market might not be as lucrative as many have hoped though.
  11. HB/UC whatever you want to call it. Amounts to the same thing; state support to subsidise landlords.
  12. I am of the bean counting persuasion myself so have run the numbers on letting our existing gaff and the truth is, despite section 24, it's more than manageable. Not going to make big bucks but, as I say, it will wash its face and cover maintenance etc whilst allowing me go use dome of the theoretical price to move on. I think this is ultimately why we never saw the armageddon for BTLers that many expected/hoped for; overall valuations barely faltered meaning most can still just about get away with it and see a house as a sensible place to park their money still, even if it's not really achieving anything other than (theoretical) capital gain.
  13. Mine's currently on the market. Getting a lot of interest but it all seems to be "secondary market" interest from boomers in (insert name of trendy towns nearby) who've sold up to people fleeing London. The reality is this house is lovely but (insert name of early stages of gentrification town i live in) isn't posh enough to attract those people yet so nobody seems to be buying. To be honest, it's a house for a young family from the area not retirees. There is a young couple in the neighbourhood we know who would love to buy this place but can't get anywhere near our asking price (which is quite reasonable tbh, this isn't a "hot spot" though it's nearby several) which puts us in the position of then not being able to afford to move to where we want (either a much bigger place round here or moving back to one if the aforementioned trendy towns we were priced out of a few years back but a couple of promotions, an expected hefty 2021 white collar pay increase and a good amount of equity theoretically in this house puts us back in contention). The funny thing is, with the equity my mortgage company believes I have in this house (I remortgaged shortly after lockdown 1 at a bit less than what it's on the market for; Bank would only do it with a survey, but it sailed through far easier than any other formal valuation I've ever had) I vould very easily just let to buy. Even with the SDLT and penalty for repaying my fixy early (which I could maybe even port to the new gaff anyway) I'd still comparatively only end up borrowing a comparatively low amount extra to replace what we'd lose out of the deposit. This place would more than wash its face on the rental market. One over the road flew off to a young family; 4 figure sum a month but HB makes up the difference in rental world. Suspect our young friends might have it off us to be honest. It's ******ed but I can see why people end up doing the 2nd stepper landlord thing. I'm literally having people traipse round my house 2 or 3 times a week and having to keep the place pristine with 2 kids in the house when I know I could just call the mortgage broker tomorrow and we're away. The only thing that's stopped me doing it is I fundamentally don't believe it's right. I'm still hoping for that young couple from the area to come through the floor and say "this is us" and I've already dropped the price once but that's an increasingly hard sell to my wife who doesn't give a shit about my moral bellyaching over house prices and just wants to find a place we can finally settle and if landlord's is how we do that then so be it. I'd be interested to know how much this dynamic is playing out in other less trendy areas of the country. All that's going to happen is those bargainhunting cash rich boomers will just drive up the price of property in said hotspots again when they realise they simply can't be more than 5 minutes drive from waitrose, empty nest or no, leaving a layer of younger homeowners trying to get to that second (fourth actually for me) step but for whom they only way they can achieve that is leveraging their existing assets theoretical value, not realising its actual value. Effectively means that anyone who isn't bringing London or BOMAD cash is even more shit out of luck than before. Nobody's building here either; not besrky lucrative enough for the developers who would rather plonk another identikit estate next to the roundabout with the obligatory Greggs, Starbucks and a Sainsburys Local in every corner of my honetown because that jeeps selling even though they are literally destroying the place because the small c conservative mindset of the "plurality" that buys houses just still can't see past a brand name, which ultimately is all these nice towns are becoming. It's ******ed basically. We are nowhere closer to resolving these issues at all. Genuinely despair for the future of my two young children tbh. Generic grad scheme and poky one bed flat in London awaits fir them i think unless I contribute further to this mess by hording property myself. Total mess.
  14. This is what I did before the crisis and it's what I want to go back to after. I know very few people that genuinely want 100% wfh. I would support them if they did want it though and could make it work. It's easy to cry foul over this but in truth it's not going to be as simple as "yay! No more commuting forever". UK puts a lot of the burden of paying for its rail network on commuters. What do we do when there are none? Probably hike prices, raise taxes and slash services so you might not have to take the train into work any more but you pay peak prices and have far less choice of services when you want a boozy night out in town and your taxes are subsidising rail services in deepest darkest Wales barely anyone uses but which are keeping places alive. Lots of bellyaching about town and city centres; I'd love to believe more housing is the obvious answer but all the evidence points to converting office and retail space being a recipe for slum disasters. It's basically entrenching the k shaped recovery or two tier society isn't it? Boom time for the little chocolate box market towns and villages full of white collar professionals spending their new free time and disposable cash down at the artisan bakery whilst, out of sight and out of mind, provincial centres become godforsaken slums. We need some genuine out of the box thinking on this. What I'd like to see is access to co working spaces becoming a part of remuneration packages and a corresponding boom in them in increasingly defunct high streets do if you don't fancy wfh but can't be arsed with the long commute you can still get that office environment. Great way to meet new people (socially as well as for business), and may keep a few complimentary businesses (pubs, coffee shops etc) alive too plus stops town and city centres becoming desolate wastelands.
  15. If you want to "escape to the country" you need a small town that's close enough to the countryside to enjoy it but still has some actual amenities. I'm from what most of my London and other city based colleagues think of as the sticks, I do love the area and the countryside but I'm still not actually stupid enough to move somewhere that doesn't have shops, pubs and a train station in walking distance (and pay through the nose for the privilege), although I have moved out of my home town now to somewhere smaller. If you move straight from "London" (is Kingston on Thames really London?) to the actual countryside without understanding you'll be driving everywhere and no, it's not like an HE Bates novel, you're a ******ing moron who deserves everything they get. Had to lol at the hand wringing over the lack of good private schools in the area. Just every day problems eh?
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