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gp_

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Everything posted by gp_

  1. Oh yes they do. Although the proportion of the population who are really rich is small, its still a lot of people and they like buying property abroad. https://indianexpress.com/article/business/india-top-richest-billionaires-mukesh-ambani-gautam-adani-shiv-nadar-radhakishan-damani-uday-kotak-7264167/ This is just billionaries. There are plenty with less but enough to buy property in London. I have come across a number of South Asians who own foreign (i.e. outside their country of residence in South Asia) property or businesses.
  2. Its a way of disguising the fact that earned income is taxed at a higher rate than unearned income. Neither does most of the forum these days. I read it a lot less often for that reason, but it, not doubt, appeals to some.
  3. The biggest problem are countries thar are acutally developing rather than poor. Their consumption is increasing faster than that of developed countries. China and India are the big ones. Even more so when you see it presented like this: https://brilliantmaps.com/population-circle/
  4. You are entirely missing my point. Religion has very little to do with population growth (except for some fundamentalist Muslim countries that opress women very seriously). The problem is your rather Dawkins typ anti-religious bigoty is getting in the way of seeing the real problems - economics and lifestyles.
  5. Very few. I once had an interesting conversation with a guy whose brother had come to the UK illegally, and been kicked out. The short version of it was that he made much less money than he expected by working illegally, and he got kicked out fairly fast. They are not after benefits, they are after jobs. The numbers show how many more people are entering than claiming asylum. The rest are wroking illegally. I think the idea of a bounty on traffickers is a good one, but I a bounty on turning in employers would be better, or making them entitled to claim the minimum wage from employers if they give evidence against them. The reason peopl employ illegal immigrants is they want cheap labour. Fines are not enough to deter them, so we need to up the amounts.
  6. You do know that Ethopians are not Catholics? They have had their own church for two millennia. The countries with the fastest growing populations are Muslim ones, but the real determinants are poverty, urbanisation and women's rights. People living in cities have fewer children, women who can get a job have an economic incentive not to have as many children, etc.
  7. Maybe an indepentent school, but not one of those two. Harrow is not particularly good, just posh. Eton is academically good, and an amazingly good place to make contacts, BUT a very high proportion of the old Etonians I have known over the years are a bit obnoxious. Not all of them, but enough. My kids are/were home educated up to GCSE. Better education at a much lower cost. Older one doing a degree apprenticeship so a degree from a Russel Group university without any debt. Harder work than studying full time but you get work experience at the same time, definitely a better option for those going vocational subjects. You need to blame Blair for this too. Unnecessarilly expanding the number of people doing full time undergraduate degrees (mostly at crap unisversities) makes it a lot more expensive for the government to fund it. What makes me sad is that doing non-vocational degrees is now only a risk the affluent can take.
  8. Direct link: https://www.bloomberg.com/news/articles/2021-06-15/world-s-most-bubbly-housing-markets-flash-2008-style-warnings and The Telegraph is calling for the BoE to take the heat out of the housing market: https://www.telegraph.co.uk/business/2021/06/15/bank-england-readies-action-against-fire-uk-housing-market/ I think a fairly influential consensus is forming that interest rates need to rise and house prices will (and need to come down).
  9. @shlomo yes and no. Comparing with London shows how big regional variations are. On the other hand, even looked at in isolation, the Manchester flats are cheaper in real terms and cheaper as a proportion of incomes then they were 20 years ago. The area has improved. The only real explanation I can think of is that increased supply has kept rents down. There has been a lot of development both in the area and in adjacent areas - especially in the city centre. These flats are walking distance of the city centre, but now there are also more flats in the city centre.
  10. To add to my earlier comment, I was really surprised about the manchester flats going at roughly the same rate 20 years later. The area has improved, Manchester is supposed to be more popular, etc. and we have had 20 years worth if inflation and income rises. I am really very surprised.
  11. It depends where you are. A flat identical to the one I lived in in Manchester (same block, seems same layout from photos) 20 years ago is available at about the same rent. Flats identical to the one I lived in in central London the previous year seem to be not far short of double the rent.
  12. https://www.gov.uk/private-renting-tenancy-agreements/your-landlord-wants-to-end In addition, if they gave you notice for a shorter period than the six months, it is probably invalid.
  13. https://www.facebook.com/abcnews.au/videos/mark-humphries-the-honest-auctioneer/4023822551043159/
  14. From a tenants point of view, its a lot easier. You would have to show tenants around yourself, but it also means you get to meet them face to face, and they get to meet you. Gives you both a better idea of who you are dealing with.
  15. So essentially we are going to spend more but CO2 emissions will still increase anyway. The UK's entire CO2 output is less than an year (or maybe two) of China's increase. What is the point?
  16. He had to pay a little over 2k with courts costs and compensation. Still not enough. The compensation alone should have been a few thousands, at least. Does anyone know whether the compensation prevents the tenant getting further compensation through the civil courts? According to this: https://www.dailymail.co.uk/news/article-9591249/Landlord-dumped-tenants-belongings-fell-rent-fined-illegal-eviction.html it was in the magistrates court which sounds like compensation for the criminal act alone.
  17. I checked their fees for landlords on their website. i.e. the landlord has to pay them a minimum of £600 for let only fees.
  18. The agency that did not get back to me about the house I wanted to rent has a minimum fee of £600 for their let only services. This house was being managed by them so it would be more profitable and repeating income long term. Its flawed but no worse than typical letting agents. its ridiculous if you you are self employed: the last tax return which can be very out of date (and probably pointless as an indicator for a lot of people at the moment)
  19. I am moving house and I cannot believe how lazy letting agents are getting. "COVID" is a blanket excuse not to do anything. A house I saw, said we would take subject to some reassurances about (mostly minor) repairs and answers to some (simple) questions. They said they would ask the landlord and get back to me. I got a follow up phone call (but they did not have the answers to my questions), said they would get back in touch shortly. Heard nothing two weeks later and its still showing as available on Rigthmove and Zoopla.. One I enquired about over two weeks ago, and got no reply. Still on the market, despite the price being reduced two weeks ago. Another house, really good rent for is size, been listed for three months, agents replied to me telling me to find their FB page, watch the video, then start their "application" process, and if they got satisfactory references we could view it. Another said they had someone wanting to rent it nearly a month ago. Still listed as available. I suspect it fell through, but they did not think it worth contacting people who had showed interest.; A few other similar things. In the meantime, I decided to have a look at OpenRent (its one of those cheap services for getting property on Rightmove and Zoopla, basically - the landlord shows prospective tenants around). I had to up my budget very slightly. Found three suitable houses and arranged viewings. Saw two of them last Saturday, had the contract signed on Tuesday (the landlord used Openrent's referencing, credit check and online signing service). The easiest rental I have ever done. What exactly do letting agents do to earn their money? They just seem to slow things down, confuse everyone, and make everything unnecessary complicated. How do they get away with it? Is the market hot enough that people are desperate? Are landlords suckers? From what I have seen, estate agents are slightly better, but still pretty bad.
  20. I have lived and worked in very different places - three different continents for a start, although one only for a few months. I also like looking at number and facts.
  21. Yes, because we have had decades of bad planning and have not built the housing we need. Our infrastructure is pretty good other than that though. The issue of switching to electric vehicles bother me too, but add extra population is not going to change it much: 10% extra demand in a few decades is nothing like as big a problem as switching over what we have in the next 10 to 15 years.
  22. I voted leave and I fail to see the connection. The only immigration issue relevant to Brexit was EU immigration. Are you aware HK is not in the EU?
  23. Its not. Lots of nice places to live with significantly higher population densities (ignoring very small countries and city states that are not really comparable). I have even lived in one and no other there complained about it being over-crowded. https://simple.wikipedia.org/wiki/List_of_countries_and_dependencies_by_population_density
  24. Few non-western countries too. I knew a few British people who got into trouble in Sri Lanka. The article sounds like the Guardian getting upset because its happening to people from the EU. A lot worse has happened to people from other parts of the world, and to far more than a dozen of them. I am not sure "interviews" in that context ("meetings, conferences, seminars, interviews") means "job interviews". Its not very clear and people coming for a job interview are a pretty clear overstay risk. Immigration law is complex. So is nationality. I used to know someone who did not know she was a British citizen.
  25. Are you implying the British are? As a brown immigrant I can tell you its not true. Numerous academic studies prove it. Immigration is something of an issue because 1) the "small overcrowded island" myth, and 2) unskilled immigrants driving down wages. 2) is why its a class issue: the affluent want cheap eastern European cleaners and the like, the poor would rather do their jobs (but would want to be paid more for it).
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