Greater Fool
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Posts posted by Greater Fool
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26 minutes ago, markyh said:
Best stock up now, and pay in Bitcoin too before it reaches zero next year obviously.
I am planning on buying a nearly new Diesel to replace my 20 year old VW (still going strong, runs silky smooth and costs me virtually nothing) very soon. Assuming the next one lasts me 20 years and Diesel still exists I won't give a damn what happens to cars, they can move to being unicorn piss powered UFO technology and I'll be too old to care.
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11 hours ago, mynamehere said:
I don’t think the ‘man in the street’ thinks any such thing. Most men in the street are not conspiracy addled maniacs. And haven’t fallen for the myth that their option to buy a used ICE is being banned by 2030 which is total nonsense
In 2030 if new ICE cars are banned the price of second hand models will go through the roof as hardly anyone will want to buy a stupid new BEV. Think 20k for a 5 year old Fiesta, 30k for a 5 year old Golf, 20k for a 10 year old basic model etc. etc. Prices for used ICE will be totally insane.
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Sounds like there will be Help2Right2Buy scheme, bingo! Still better than Help2Buy2Let.
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4 hours ago, shlomo said:
If this falls by 50% it would be worth buying
If that falls by 50% a lot of investors will be bankrupt.
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12 minutes ago, Timm said:
Photo 15 is hilarious.
The EA must really hate the owner.
That must be the fancy "roof terrace". Ideal for evening soirees. Looks like the builders left a pile of the rotten wooden cladding behind.
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56 minutes ago, Timm said:
I find this concept very interesting and compelling.
Can you point me in the direction of further reading?
There are literally tonnes of books written on Marxist theory which cover providing workers' housing, but that's all they are theories.
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8 hours ago, regprentice said:
I live in street of 60s council houses. Up until the early 2000s my local council would house families as close together as possible. My neighbour lives in the house opposite her daughter, the council deliberately housed them that way. I know of 3 families in my small street who have parents/children housed within a few doors of each other. if that was important enough to be a council housing policy, then i cant understand how that concept has suddenly become lost in a single generation.
Why would anyone bother working or putting in any personal effort if every aspect of their lives was taken care of by the local council or benefits? People living like Hobbits in close communities with the council playing god providing housing wherever people wanted to live sounds like an idealistic version of communism without the "bad bits".
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Can someone help me with this, how can there be "mandatory" building targets? Its not the "Town Halls" that are building houses, surely no one can force the private house building companies to build a certain number of houses, there must be a shortage of trained construction workers for a start, let alone the available land?
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10 hours ago, PeanutButter said:
Incredibly difficult.
Huge top down pressure not to backfill, salaries not keeping up with inflation, zero upskilling.
Literally cannot obtain AVID engineers for any money. Having to contract.
Sales role: 3 suitable applicants for interview, 2 pull out, 1 offer declined as too low. Offered 15k more (which should have been the starting offer) now asking for Director level.
Given up on grad schemes and interns as they’re more effort than they’re worth. Just adult babies with no work ethic or drive.
Just interested, what type of engineers and sales?
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2 minutes ago, cbathpc said:
The tories have marketed themselves as the party of the aspirational workers. However they've proven they care about retirees and benefit claimants and no one else.
Why would anyone who works, especially if they have children ever vote for the tories again? At least labour tell you they're going to rinse you
You don't think Labour would have increased pensions and benefits?
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Who else are they going to vote for, and how are they going to help?
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What difference would masses of new empty council houses possibly make, the local councils would be filling them with migrants now anyway, what else do people think they would be used for, nurses?
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49 minutes ago, lombardo said:
Binance pulled out. It's over.
It's now in free-fall, what will the morning bring, 12k, 10k?
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20 minutes ago, Blobsy said:
If they are serious about plugging this fiscal gap then why on earth hasn't HS2 been f*cked off yet?
If you look into it HS2 was never funded in the first place, the government thought they could simply put the open ended costs on the UK's credit card over the 2 decades it is supposed to take to complete and no one would notice too much. The original costs were completely underestimated, and there is some BS about private financing being brought in. In other words no chancellor has ever budgeted for it.
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12 minutes ago, bartelbe said:
You do realise that these schemes are funded just like schemes in the private sector? Employees and employers make a contribution? So what is your genius plan? Tell million of employees, that years or even decades of contributions are for nowt and they will now get nothing?
I hope you have some very good lawyers because I don't think the courts are going to have much time for your plan. The best you can hope for is to close public sector pension schemes to new employees.
Which of course achieves f**k all because all those people, who no longer have a pension, will retire anyway. Their retirement has to be paid for one way or the other.
The public sector employers, have to make a contribution of 20-30% of salary, in the private sector that would be about 5%, see the difference?
The public sector should have been moved to a defined contribution pension system at private sector levels of contribution years ago. Yet they still enrol new entrants to the unaffordable legacy defined benefit system.
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One reason why there isn't going to be a "general strike" is that all private sector employees would have to join a union, strikes have to be coordinated to be lawful.
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Why is this necessary, didn't Corbyn say everyone would get a free council house with broadband?
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46 minutes ago, Mikhail Liebenstein said:
We should have let those DB schemes crash.
DB pensions are now underwritten by the PPF, I have wondered what happens when there is an irretrievable crisis like we've just seen and literally the majority of DB pensions are inevitably taken over by the PPF. Doubtless the government will have to bail them out, but is it acceptable it for taxpayers money to be funding private pensions into perpetuity even with huge haircuts?
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Is this from the Weimar Republic School of Economics textbook?
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2 minutes ago, Maghull Mike said:
SDR's ?.................via the IMF
Can the NHS be funded with Special Drawing Rights?
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6 minutes ago, Social Justice League said:
Lol, the UK has no economy. All we got is buying and selling overpriced sh1tboxes to debtors, all financed by worthless printy.
So pathetic.
Yes, the "market value" of a house is going to be dependent on the buyer getting a large loan, not many people have to cash to buy outright. Something that is not considered when totting up the total value of UK property wealth which assumes the housing stock in its entirety can be sold for cash at any point in time.
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How much money does the IMF have to bail out the UK? Public spending is about £1 trillion a year so what good is a few £10s of billions going to do?
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16 minutes ago, rantnrave said:
I'm cash rich but asset poor - huge deposit which could be enough to purchase a property outright. Interest from the savings is becoming a nice earner... inflation aside.
What's a good savings account to stick cash into?
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15 hours ago, MarkG said:
Hopefully the 'migrants' will head home when there's no power or heat this winter.
If they're going to live in a third world country, they might as well live in one that's warm.
They'll be ok staying in nice warm 3 or 4 star hotels. The owners must be taking it in, plenty of money to keep the heating on this Winter.
Tesla...............the Betamax of future cars?
in House prices and the economy
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The "environmentalists" are p*ssing in the wind, in the relative short term we'll all be dead anyway, given a long enough timeline we'll be in another Ice Age and most of the UK won't even be inhabitable. If BEV was so great and superior to ICE no one would need to be "forced" to buy them, and they would gradually take over from ICE anyway, why the obsession with trying to do things in a very short time frame just for ideological reasons?