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House Price Crash Forum


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Everything posted by crazypabs

  1. That's generally not the business model banks adopt. Companies such a Northern Rock made income from the fees they charge when people borrow money or renew mortgages. Their interest rates were basically a loss leader to get volume of mortgagees onto their books. If they stayed on screen that was a bonus.
  2. Except if inflation is higher than the interest rate it is worth holding the debt as is is going to be less in real terms over the life of the loan/mortgage
  3. CPI is the used rate but CPIh is the ignored Biggie that takes housing costs into consideration too. https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l522/mm23
  4. I do wonder if Lloyds have so much money sloshing around from funds borrowed, and they are concerned that negative interest rates are going to appear, they could be stung, so rather than lose money that way they have decided to invest the funds themselves and make a small positive cashflow? Just a thought.
  5. It's number one in the BBC ranking. People are taking note!
  6. Well known in the car industry that returned cars usually end up at auction and are bid up by the seller to increase the perceived second hand market price. The auction prices are then used to determine resale prices in such magazines as parkers I believe.
  7. Sellers on these sites aside, Amazon and eBay make their fees on sellers sales but as they (A&E) are based in places like Luxembourg then the vat on the fees was reduced to 17% (Lux standard rate) as compared to 20% if they were based in the UK. Which is a huge saving of vat for them.
  8. Which is safer, mask or no mask? Answer: masks are better than no mask at stopping airbourne particles, however, a simple bandana is actually worse because the water particles are split as they travel through the material creating a finer mist that lingers longer.
  9. Credit Suisse and Nomura in big loss due to a hedge fund wipeout. Margin call at hedge fund is causing ripples in the market. It's Lehman brothers all again https://www.bbc.co.uk/news/business-56564717
  10. If I remember correctly, Lehman brothers went balls deep in purchasing property off the back of cheap finance, coupled with the subprime mortgages (Lloyds recently reintroduced the 90% LTV and self cert and furloughed products I believe). Is history repeating itself safe in the knowledge that Boris will bail out Lloyds again?
  11. This morning the HM treasury department released the tax proposals and consultation 2021 document. Tax policy and consultation: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/972056/Tax_policies_and_consultations_2021_Web_accessible.pdf Business Rates Review: https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/903429/Business_Rates_Review_-_CfE.pdf
  12. Council tax rises by almost 5% and at the same time the council shuts all the roads for road works in the last month leading up to the year end because they haven't spent all the money from last year. A rip off case of 'use it or lose it'. Why do the council have to spunk our money on unacceptable spending just before year end.
  13. An interesting bit of MSM headlining. The express headline "House price crash mapped" https://www.express.co.uk/life-style/property/1396553/House-price-crash-map-UK-house-prices-going-up-near-me-evg/amp
  14. They're only admitting it so that the government feel sorry for them and throw them a vital lifeline
  15. One observation that could be an opportunity to help beat covid, it was seen in southern Italy and Sardinia that the number of people in intensive care was substantially lower than the expected norm. Research found that these areas had a high percentage of the population with the blood condition beta thalassemia, consequently no-one with bt was admitted to the ICU. More research is required. https://www.researchgate.net/publication/341352852_COVID-19_beta-thalassemia_subjects_immunised
  16. I'm watching at the moment. So far nothing but vested interests bleating about how the extension needs to be continued. Not a single MP has discussed yet how tough it is for people to get on the housing ladder.
  17. If anyone wants to watch it from this evening. https://parliamentlive.tv/event/index/59ae7998-e498-4077-bbaa-5be1e74b1c82
  18. Debate Scheduled for Monday 4pm https://committees.parliament.uk/committee/326/petitions-committee/news/138754/mps-to-discuss-petition-relating-to-stamp-duty-relief/
  19. Sorry to burst that bubble... http://www.bbc.co.uk/news/amp/business-55586081
  20. Eye roll.. https://www.estateagenttoday.co.uk/breaking-news/2021/1/agents-can-continue-working-through-national-lockdown
  21. Another doomed to failure property investment club, doomed to fail for the investors that is.
  22. In the Grenfell inquiry messages and texts between staff have blatantly shown kingspan's disregard for safety. https://www.housingtoday.co.uk/news/kingspan-staff-all-we-do-is-lie-about-fire-safety-of-products/5109463.article I recently looked into kingspan materials for building an extension. I'm not going anywhere near their products now.
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