

LetsBuild
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Everything posted by LetsBuild
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Fears over inflation spiral as wages spike by 4.2%
LetsBuild replied to rollover's topic in House prices and the economy
I think this jobs market is a short term blip, a recession is looming and the picture will go the other way quite quickly when it bites. -
UK inflation jumped to 9% highest for 40 years
LetsBuild replied to rollover's topic in House prices and the economy
I’ll take the 4%, which is what the historical norm seems to be! That would crush house prices. -
Don't be flabbergasted if prices drop by 30%
LetsBuild replied to andrewwk's topic in House prices and the economy
Yeah I agree, it’s like your avatar, once that jenga tower goes a little bit, it is going the whole hog. -
Don't Panic Prices will only fall 10%
LetsBuild replied to TheCountOfNowhere's topic in House prices and the economy
Trying to front run the narrative. ‘House prices are going up’ became ‘House prices will flat line’ to now ‘Ok they are going to fall but not by much’. -
Hang on, we are sacking 91k who work for £x amount of tax payer money to then give £x amount of tax payer money away to people for nothing. As a tax payer, I’d rather get something for the money than nothing (unless it’s a direct rebate of my own money to me - which I can almost guarantee it will not). I’m still in favour of making the furlough payments a loan in retrospect that has to be paid back. If it’s good enough for students to pay for their own unemployment benefit I don’t see why the furloughed lot were any different.
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There will be rising material and labour costs but they are small fry compared to the land cost. If land values fall I’d argue it would more than offset the increase in materials and labour going forward. I know big building companies have banked sites already and will want to recover that cost - maybe they will have to be like any other business and make a bit less profit on the houses built on that land?
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UK economy shrank in March amid rising prices
LetsBuild replied to rollover's topic in House prices and the economy
What happened to the gazillion pounds people had saved during lockdown that was going to be unleashed when the pandemic ended that the BoE was talking about last year? Oh yeah it was nonsense, people spent it immediately during the lockdown on junk, expensive pets and bidding houses up. This sort of thing: https://www.theguardian.com/money/2021/jun/30/covid-savings-britain-built-up-second-highest-level-on-record-in-early-2021 -
What meal can you cook for 30p?
LetsBuild replied to Dweller's topic in House prices and the economy
I’d like to see a tv company pull him up and challenge him to live on 30p a day for a month and film him do it. -
No easy fix for soaring mortgages
LetsBuild replied to Borg1234's topic in House prices and the economy
Not with full recourse mortgages, the bank will be having its pound of flesh either way. -
Interestingly you don’t need a good reason for a shotgun certificate, just that you want one and the onus is on the police to show good reason why you can’t have one. It’s the other way with a firearms license, the applicant has to show good reason for ownership. Something to do with the English bill of rights and our right to own a shotgun (hence why it is a certificate and not a license).
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Second home owners to face rise in council tax
LetsBuild replied to iamnumerate's topic in House prices and the economy
Second homes should be getting double council tax whether they are rented out or not in my opinion. This is just opening loopholes whilst seen to be doing something. -
Rishi told us they were going up 2.5% last week too. I don’t believe Bailey is saying.
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Well our own Sausages predicted it bang on the nose, 7% in April a year in advance - there’s even a thread with it as the title.
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I went to Northumbria for Easter. Went to several attractions, Alnwick Castle, Bamburg Castle and Beamish Open Air Museum. Whilst not dead, both castles were very quiet and Beamish was even subdued relatively considering it was Easter. This weekend I visited Lancaster castle, both the town and castle were dead. It’s at the point now where I know I don’t have to even think about booking things, I know I can rock up midday and get parking etc. I can definitely see most people have stopped spending money on days out.
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Won’t work. There was another thread recently about millennial Aussies not being willing to fight for the country and why would they, having been denied a fair stake in their country (homes & families) and told they privileged scum by the feminists?
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Britain has fallen out of love with its housing market
LetsBuild replied to danlee74's topic in House prices and the economy
'We've have had our 300% gains already on our house we would like it if house prices didn't rise so fast for the next 10 years so our 40 year old kids will move out' - the 65 years old in this poll wanting price rises to slow down.