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Everything posted by frankvw

  1. She died before before it all became evident why it was such a bad idea to repeal the 1930's depression financial acts and regulation. However, the intellectuals she took her policy queues from - Greenspan, Friedman and Rand - who were lifelong friends (Rand and Greenspan were lovers at one time) and were the neo-liberal economic policy formulators, were able to face the consequences (Greenspan, at least). Despite the chief architect, saying under oath, his ideas and policy were wrong and didn't work, the US and UK decided to double down on the same policies for another decade. "I was wrong", Alan Greenspan, giving testimony under oath at Capitol Hill, after the subprime meltdown.
  2. Yeah, I did a search and pages of reports saying everything is great, prices still rising. And still much, much higher than Toronto. So I conclude from impartial , all-knowing google that Toronto is just an aberration? Because that is what google says and I never question authority or statistics. I'm just the guy who works here.
  3. What's happening in Vancouver? When I lived in the States, I used to travel up there now and again and even then (few years ago), it was absolutely mental. Chelsea Kensington prices for a wooden shack on the edge of downtown. It seemed like ground zero for worldwide house price bubbles but I heard it went up a gear or two since. So really interested to know what that market is doing, if anyone lives out that way.
  4. Which is one of the chief reasons the high street, chain restaurants and now coffee shops are hitting trouble, after gorging on Central Bank term funding and zirp for a decade via their parent venture capital/hedge fund owners. That only goes to prop up inefficient, offshore and financial behemoths devoid of any innovation or competitive edge. Honestly, when Teresa and her cohorts go on another rant about capitalism and Corbyn/Venezuela (like clockwork every month), I want to scream "THIS IS NOT CAPITALISM YOU STUPID LYING BITCH! It's cronyism, crony-capitalism, corporate-socialism, state-industry merged mussolinism, anything but free markets and capitalism. Uuuugh. That's why the housing market has become so F******, because there is neither a free market (but lots of state money and quantative easing poured into lobbyists laps) nor a viable Scandanavian/North American style parallel provision of rent-controlled, affordable housing. It's a total utter sham of a pyramid. So it's either collapse or serfdom and serfdom is currently winning.
  5. I really don't think it's any more difficult than the main Central Banks worldwide (private companies), who are majority owned/controlled by financial funds and the old 'merchant' banks, who all simultaneously became 'independent' in 1997-2000, after decades of propaganda, then enacted a plan of debt servitude. In the end game, they will buy up all the most valued land, buildings and infrastructure for pennies in the dollar. The blueprint for depressed, QE economy was established by Japan after their huge real estate bubble and collapse during the eightees. The experiment confirmed to the central banks how they could duplicate the same policy on a worldwide scale. Central Bank of Japan became independent in 1997, along with the UK, US and practically every other major central bank worldwide within a couple of years, including effectively the European Central Bank via the regulatory changes in 1999 to the maastricht treaty. It's no surprise that Thatcher hated maastricht and Blair was it's biggest cheerleader. How do you think Blair came into a £100M personal fortune off the back of a modest MP salary? It's a very old template, you can follow it from the temple money changers in the old testament to serfdom during the dark ages/medieval era. “If the American people ever allow private banks to control the issue of currency, first by inflation, then by deflation, the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.” - Thomas Jefferson, US President. "Give me control of a nation's money and I care not who makes it's laws" — Mayer Amschel Bauer Rothschild, founding family member of The Bank of England.
  6. One of my nieghbours has, alongside his house, a hobbit house that is obviously a converted double garage into a bungalow, extended into the back garden. His wife pretty much nagged him into getting it done so the daughter and her daughter's husband could move in and get their kids into the local school. I don't know how they got planning permission as it looks as ugly as hell and is very obviously a garage with a bit of tudor cladding on it. Amazing a family of four live there but it's kind of like an extended family living arrangement. When I am up in London, I've actually noticed this isn't that uncommon, I've seen lots of hobbit house garage conversions around. When you are looking out for them, you notice it more. Regarding prices-vs-salaries, another thing that has changed massively in the UK is the shift towards extended families. It was always culturally common within the Asian British families but I think it's another EU import in recent times. I spent a fair amount of time living and working around Europe when I was young, especially in Southern France and Spain, before all the Maastricht and Lisbon stuff accelerated changes. Funny, whenever I cam back then, one thing I liked about the UK was that our cities were less oppressive, lots of people actually lived in houses with a garden, not a whole family crammed into little blocks of flats everywhere like Europe, especially the Latin and Slavic nations. Despite low property prices, due to even lower wages and economies. Makes you wonder, with the huge increase in unskilled Southern/Eastern European immigration over the past two decades, expansion of BTL and debt, as well as stagnating wages, it's almost like we are heading towards the European model of extended families crammed into city center flats, probably never owning, with an ever expanding state over seeing it all. Sort of a kick back of the Napoleonic and centrally controlled/dictatorship arrangements that particularly Central and Eastern Europe has had. I vaguely remember from school a book by Niche that Britain (and by extension the US) was culturally different than the rest of Europe because of the collapse of the Roman Empire and nearly a thousand years after of independent city states loosely trading. That was a very different path to almost the whole of the European continent in shaping a national psyche.
  7. https://blogs.spectator.co.uk/2017/08/quantitative-easing-has-made-houses-hopelessly-unaffordable/
  8. Reminds me of that Buffoon who started all this mess....
  9. The other figure I would love to see is based on the anecdotal 'wealthy parents buying kids houses in their names, on HTB'. Especially around university towns where student landlords have become unusually common. Nothing wrong with helping your kids in life but the perceived use of Osborne's HTB was that it would offer a hand up to those without the bank of mum and dad. Instead, anecdotally, it has become a favourite tax benefit to families who could get on perfectly well without it (whilst pushing up the prices further for those they claimed they were targeting).
  10. Could be worth posting the certificate details (expand the arrow, copy paste the exception error details). Quite often it is a time/date issue between the server/client. Either your device time has an error or one of the NTS servers at the ISP has a corrupted cache or recent changes in NTS related updates/scripts. Can be a host of things but 7/10 it that, often an issue on the device relating to network time or configuration or a hacking breach. Hacking on your device is easily confirmed (usually) by just running a virus scan while you are running Chrome. The free ad version of Avast is a good virus scanner on android, just search Avast on playstore.
  11. I always thought is was because the banks are still instantly insolvent if the pre-bubble housing valuations were exposed. i.e., house price falls resisted to prop up bank balance sheets to international investors.
  12. I like the comment : "Tell me, friend: where you pissing? In this flat. Where's the piss bit. Where them shits go. Where you do toilet. I don’t need a bathroom all the time, but I like to go maybe six, seven times a day. Where am I… what am I doing, here? Do I have to go down the road and hit the McDonald’s bathroom? Do I need to use my gym member's card to piss and shit? Is there a shared bathroom outside my weird shower-bedroom that I can go in? Who else is in there? Do they live in a miserable little shower room too? Do we meet each other in the hallway, eyes joyless, crossing path, me tagging out of my shit and them tagging in for the piss? Who buys the toilet paper for that place? Am I bringing my own? Do I have to trail a personal toilet paper roll around with me at all times? Just to piss and shit? For £625 p.c.m.? In Streatham? No thanks! No thank you!" London is turning into a 3rd world country in many parts. Where I rent my workpace (which is on the edge of London), on the drive upto there, there is a mini flyover on the road down to the car park. As you come down, there is a semi detached house where the Bloke has grown a hedge about 15ft high and behind it, you clearly see he has filled the back garden with sheds. Rows of sheds with an electric cable connection, chimneys and extractor units on the roof. Clear as day. I mentioned it one day in passing to one of the other guys in the premise who lives locally. He said the house is one of a group owned by the local housing authority and a Ukranian guy lives there. Said it has been reported many times mainly because there are rows and rows of wheely bins outside that attracts rats and various banging of van doors and bike engines all hours of the night with people coming and going. The local council do nothing, despite complaints and reports. It's not just the insane prices that is a problem with this bubble, it's also the collapse on acceptable living standards now as well.
  13. https://www.vice.com/en_uk/article/8xenbk/london-rental-opportunity-of-the-week-streathams-1-public-shower "Traditionally I would describe a small room with a shower in it as a "bathroom", but you're meant to live in this, so in answer to your question: "not a bathroom";
  14. Not really comparing directly. London is one of the World's mega-cities, so obviously no direct comparison although it is the capital city and, in the case of my line of work, there are serious buisiness opportunities related to the number of US and Canadian firms there. For me at least, Birmingham seems to have less business opportunities in my field. I guess in my case, Bristol or Edinburgh would be a better comparison. Infrastructure wise, it depends where you live. No doubt, if you are at certain ends of Dublin, the infrastructure can feel pretty good. I guess it's patchy, like London. Like I say though, I have felt a definite hollowing out of professionals and go-getters from Dublin. I have done a fair bit of business there over the years and I often travel over to Canada and the US, you always seem to bump into Irish folk, particularly the young and dynamic or professionals. Kind of think that this must be one of the down sides of basing economic activity heavily towards property in an economy. You must eventually hollow out the ambitious or key workers from the city.
  15. I have a relative in Dublin. Recently sold a house for 600K euros. Bought for 100K euros 15 years ago. At the peak of the boom last time, had it valued at 450K. Yeah, Dublin is super bubbly. That said, I do love Dublin, lovely center and I actually think the infrastructure is better than London. Also attracts a lot of bluechip American firms, so there is potential for a serious career there. That said, most of the young, dynamic folk I have know there have gone off to places like Canada, US, Australia, Singapore. It's also a major city you can live and have nice beaches and coastline on your doorstep (weather permitting and if you can afford it - all the nice coastal towns on the Dublin burbs are super expensive). If you move out an hour or so from Dublin itself, you can find some really reasonably priced property. I saw a fixer-upper cottage about 90 mins drive from Dublin city centre for around 70K euros, near to another relative. You won't get anything like that within 90 mins of london. Though they didn't seem to like Dubliners much there lol! The relatives near there have only just been accpeted after 20 years! Though funny enough, local French and German couples were accepted into the community very quickly.
  16. I've been waiting a while now for either a currency run or a social order breakdown because as this thread says, something doesn't add up from where we are now. The homeless problem is far, far worse than most people imagine and like I have said for a while, my hunch is that invisible homelessness is vast. That's people that don't have a permanent address. It's x1000's larger than the rough sleepers on the street (who themselves are just the tip of the iceberg as the serious rough sleepers hide themselves away at night and are also invisible). It came to my attention increasingly as I requested forwarding addresses to post invoice receipts to contractors. Not having a permanent address takes people out of society. Strictly speaking, you will not be able to open a bank account, obtain a driving licence, pass credit or DBS checks, claim welfare, you will also find it challenging to vote or obtain a doctor's appointment. You become a non-person that the government statisticians can sweep under the carpet. The first sky news report video sums it up perfectly. Surprisingly, it is starting to make it onto the airwaves of usually unsympathetic media channels like sky news and the daily mail. I usually read sky/mail readers comments for an amusing take on how bleek and dark some people's view of the world can be. So something is up when even those sources are pointing to it now. Don't get me wrong, I'm not a bleeding heart liberal. I'm on the free-market, libertarian end of traditional conservative politics of self-reliance and stoicism but I hang this squarely on the past two decades of neo-liberal blair-cameron policies. It's government cronyism and market subversion, amongst other things, that has been the main driving factor for the current housing situation. https://news.sky.com/video/how-you-end-up-nineteen-and-living-on-the-street-11344109 https://news.sky.com/story/truly-terrible-homeless-crisis-likely-to-get-worse-11327013
  17. Just out of interest, are the Welsh nationalists still around? I remember way back in time there was always lots of news stories of holiday cottages burning down at their hands. I remember that 'Not the nine O'clock news' sketch about 'come home to a roaring fire, buy a cottage in Wales'. Or is it like Cornwall? I was born down there and while the Kernow nationalists are quiet nowadays, they never went away, they are still there if you go to the right pub, in the right town, in the right company and the conversation gets onto that topic.
  18. From the heyday of hpc.co.uk on the run-up to the 2008 crash and credit freeze.
  19. LBC radio Iain Dale talking now about housing and Labour's new housing policy with various guests. Getting a bit feisty with the callers now!
  20. Phil and Kirsty were telling folk to mortgage to the hilt on TV, whatever you have to do, for a decade up until the mortgage banks went bust. That event also bankrupted Phil as well. His firm went under owning millions and he himself was being chased around by 'Can't pay, we'll take it away' type characters. That is why he disappeared off to Australia for similar TV shows over there while their boom was still steaming ahead. Interesting that these two should be telling folk to mortgage to the hilt all the way up to the mortgage bank collapse. Kirsty is from the Allsop family. One of the oldest, land owning aristocratic families in the country. She became a property expert when her grandmother gifted her a two bedroom flat in one of the smarter Clapham postcodes for her 19th Birthday. Phil is not as aristocratic as Kirstie but is 'old money', landed family. The UK property market is always just a bit of a game for them, they genuinely wouldn't understand any problem with the last two decades of UK property bubbles. They probably would look at a Viz satire with complete confusion and discombobulation.
  21. George Soros is sitting in his lair, dispatching his orders to the new protege as we speak. Can't wait to see the message he pumps out. Blair was originally elected on a wave of disgruntled working and (working) middle class who were sick of perceived corruption and privilege. Not sure how they will spin a similar narrative, if that is the plan, for young master Euan who has had a life of luxury handed to him on the back of a murderer and fraudster. Interesting to see how they will sweep-under-the-carpet the buy-to-let and land owning profile of Mr and Mrs Blair to those concerned about the housing crisis. Maybe they can get D-Ream back together again and Euan can strum a few cords on camera.
  22. Exactly. The 3 bed semi was way over priced but at least it was a nice looking freehold property with decent size gardens front and back. WTF is a 2 bed flat for £400K+??? (studio flat as you get nearer towards center). A badly built 2 bed flat, at that.
  23. I was walking past an estate agent last night and noticed a recent new build, 2 bed appartment was being flipped for £390K while a freehold 3 bed semi with garden and drive, few streets away, was up for £460K.
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