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House Price Crash Forum


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Everything posted by tep1

  1. 20 years ago FTSE was trading around 6000 average. But hey I wont debate you 7000 is the new 6000
  2. Now I don't want to suggest you have short memory but in May 2018 FTSE reached an "all-time high" of 7700. 10 years ago 6000 was considered top. I would expect this coming decade 8000 will be the new top.
  3. I prefer 2 cheeks of the same ****. FPTP promotes only a 2 horse race and any party outside of this has marginal influence in this current system. Electoral reform to PR would empower voters to select other parties at the ballot box and would have a greater consequence on government policies. UK needs sea change in human welfare policy and more conservative on fiscal policy.
  4. Quite agree! Continual education is the greatest weapon against fascism. Those who acquire large debts are most unlikely to think about societal change. Since they are trapped in a system of debt, they can’t afford the time to think.
  5. It pains me to say, the people got what they voted for! The warning signs have been there from the outset. Brexit was a Trojan for this government to introduce state fascism that Oswald Moseley would be proud of. Like Nazism, people have neither been listening or paying attention. Those continuing to subjugate opposition with soundbites like remoaner, wokist, antivaxxer, conspiracy theorist, labour are no better etc. continue to prepare the way for a totalitarian government!
  6. This is what taking back control meant, since Britain will now need to be Great again! Expect a bigger war machine and more foreign interference, greater state control and media manipulation. This is British imperialism mark 2.0, the stuff Nazism aspired to be! Good morning all!
  7. The "Broad church" or appeasing the right of the party.
  8. The left could do with a new party that challenges Labour's apparent leftist agenda. For me Labour are just another pro-establishment Tory lite party, currently. We need to shake the establishment to the core with capitalism for the many. Hmmm where have I heard that before....
  9. I think I may find myself rejecting all major parties and voting green at the next election but it feels pointless without proportional representation.
  10. My impressions were infrastructure investment was poor outside of Bucharest. In Timisoara there is some beautiful architecture but a visible lack of funding to keep on top of maintenance. Residential areas although lived in, still look like building sites. You could visibly see it is one of the poorer EU nations. They do get tornados. One had hit 12 months prior to my business trip and it still looked like there was a lot of cleaning up to do. That aside the people are lovely and welcoming.
  11. I believe those companies and individuals seeking furlough should be jointly responsible for paying back those costs via additional taxation on future earnings.
  12. I like how they us the word BOOM rather than hyperinflation!
  13. Are you for real? I suggest you speak with an accountant on your grand idea and see how far that gets you. You cannot just transfer an asset to a limit company without a buy sell which means 1) the ltd co will still incur 3% stamp duty costs even below the 500k threshold 2) the ltd co will need funds to purchase the property either via a business loan or capital investment. Shares issued on creation of the company is usually £1 since the company is deemed no value at time of creation. As a director you can personally invest more or seek a loan to fund capital but this would need to be returned at some point by the company. Which means the company requires an income ( i.e. rent) and therefore taxable on profits. Lastly, you presume future buyers would want to buy shares in this ltd co. Good luck with that!
  14. The inflow of stocks in the last 5 months suggests market makers believe we are headed for more inflation or possibly a new greener market economy with far reaching return on investment.
  15. Sorry SJL I cannot see IRs moving to 10% in my lifetime. I agree it would create far more affordable housing but unfortunately far less market investment. Rightly or wrongly, there is a desire for the economy to evolve investments into future greener technology. Private Individual investors should be at the heart of this. A stark change in interest rates would create economic sea change pushing investors to hold cash for safer returns via saving accounts. We would still have the same societal divisions as we do today, since most high to loan mortgage holders would be trapped in negative equity. I would prefer interest rates move closer to 2-3% in the short to medium term and money supply (private debt) brought under control. Limiting the power of banks to create money would make house prices more affordable for vast majority and without the consequential impacts to investment markets. Like it or lump it we still need the latter since it encourages competition and growth in GDP.
  16. Maybe I am being cynical but it sounds like an ideal way to siphon more tax payers cash without checks and balances for cronyism. Those workers being undocumented masks any proper paper trail.
  17. +1 the usual market ramp, followed by a quiet retrospective downgrade
  18. Get yourself a buying agent and let them do the legwork. They can source properties that don't go to market in the usual way and can work a negotiation strategy in your best interests. But if you ask me you're mad to buy in a frenzy. You're jumping into the arms of satan! 😈 Good luck with that.
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