crashbaby

Consider a marginal tax rate of 50% to keep the maths simple: 1. 20% wage increase (gross) means you have 10% more money after tax 2. if you pay 20% less for your house (net) then you need to earn 40% less before tax (20% net + another 20% you would pay in taxes)

Offered 250k on a flat selling for 290k. Agreed on 255k Top comment is: Stories like this should help move expectations for both buyers & sellers, particularly when the community confirms similar experiences.

I'm not sure if anyone in this thread still cares about the original topic but here's a seller complaining on Reddit about gazundering: Offered accepted 3months ago and all of a sudden the buyers want a £10k reduction! The responses are a mix of "accept, because prices are going down" and "reject or negotiate, because the buyer might buy it anyway to avoid the mortgage offer expiring". Makes me wonder if gazundering is becoming common place.

I've heard that many times and it always sounds weird. Surely if the purpose was to deliver policies which serve the people then it doesn't matter who implements them? Unless they are in politics just for the sake of power and both parties are willing to implement the same policies anyway.

I though they're creating a financial incentive to ruin your own credit rating, but that seems to be incorrect. They are not exactly "incentivising bad loans", it's more like "reducing the penalty for bad loans". There is a fee called Loan Level Price Adjustment (LLPA) in the US which increases with risk. They are reducing the spread between high-risk and low-risk. From another source: https://amp.mortgagenewsdaily.com/article/63c989edfe4e549d560316f2 LLPAs were introduced after 2008 to prevent a repeat, and this change makes high-risk loans more attractive than before (but still less attractive than low-risk loans). They're starting to prop up the housing market, but the US can afford it more than the UK.

If there's too much shoplifting they just close the shops in that area and the locals have to buy online or from small retailers with higher markup (and less selection, in smaller shops where it's easier to keep an eye on customers). Same as food deserts in the US.

You pay the second price, same as when the paper label doesn't show the current price (which does sometimes happen). Shops can already update their prices online at any time even for items which are already in your basket and this hasn't been a problem so far. The only difference is physical vs online basket.

"people need jobs" is a weird way of phrasing it, a job is just compensated servitude. A healthier way to look at it is that people contribute to society, and others compensate them depending on how they value the worker's contribution. You don't necessarily need a boss to give you a job and tell you what to do, you can also contribute directly (e.g. electrician, plumber, etc). People don't need jobs, they need to find ways to contribute and to stop expecting others to plan their life. You could make the same argument about the invention of the wheel, we used to have a good gig carrying stuff around using our hands without any training but now a single truck destroys 10000 jobs. The more we automate, the less labour is required for individual tasks and the more total tasks we can perform with the same amount of labour. This means decreased production costs and, with proper market competition, should reduce prices relative to the value of labour. There's not a lot of things left without inventions which have decimated jobs (including the wheel). If you want to enjoy a life without those inventions you are free to do so, but don't drag the rest of us into that. Of course, if you exclude the fruits of automation that means no devices with flat screens, no radios, no artificial lights, etc. Just farm until you die. But at least you will get back all the pottery jobs lost when they came out with that fancy potter's wheel.

"Energy industries" is a bit misleading. They're talking about nationalising the energy distribution, not the production. This makes sense (for the same reason it makes sense for the gov. to own public roads & pipes), but it feels like they want people to think this will reduce the cost of energy while in reality Labour bails out the distributors which keep going bankrupt. But who are you going to trust to implement the policies as voted? This is not a math problem like the blockchain, you need to deal with bad actors, incompetence and the fact that many people don't understand the consequences of what they want (see "Help to Buy"). The NHS might not be the best example either, it offers very poor value compared to the private healthcare providers. The NHS needs competition, and the option to go bankrupt if it fails to deliver. This can't happen with a govt service, there is no real punishment for failing. Maybe give people the option to redirect their NHS contribution to a different healthcare provider if they believe someone else does it better

Sounds like they will have to sell as mortgage rates are going up and capital is restricted. And if they don't reduce prices aggressively to meet a weakening demand then they risk not completing in time. Some people keep repeating the question "why would anyone sell in a weak market?". Motivation is on the way.

Trump condos are priced for "access to Trump", not market value. The actual real estate is mostly an accounting trick. Donald Trump net worth: I'm worth whatever I feel - Apr. 21, 2011

The implementation needs work. If the flat is not legally rented out (with the registration number communicated to the tenant) then AirBnB did not have a right to take the tenant's money. Just create a streamlined process for the tenants to recover any money spent on unlicensed rentals in Berlin and then AirBnB will be open to the idea of removing them from the site. Companies speak money.

I can't watch the clip as I'm still at work, but I think Carney wasn't campaigning for a public vote. He was just full of it. Lying will never be illegal, but lying in certain circumstances can land you in trouble (e.g. fraud, medical, etc).

Yes, it should be out tomorrow: https://www.forexfactory.com/calendar.php