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FabulousSophie

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  1. Well, the FTSE 100 closed down 2.24% today. And the DOW is also headed down 1.75% so far.
  2. Can people keep a lookout on the LL websites for any reaction? I'd love to see how they take it.
  3. By undermining the process, all I expect the Nimbys ultimately often achieve is the worse kind of development - far worse than if they had engaged sensibly. It's similar to the process of leaving the EU. Hardline remainers trying to stop Brexit dead by undermining negotiations could actually end up achieving a really bad deal or no deal at all.
  4. I found the anti-development crowd were more sophisticated than that in their methods to undermine development, and they will usually be supported by whichever party is in opposition on a council, be it Tory or Labour, and will use the process to prevent any consensus from forming.
  5. This is what I found when I was involved in a series of community workshops in London. The workshops were infiltrated by hardline anti-development people, who were not interested in helping shape a great scheme. They pretended to be pro-development, but were really only interested in covertly using the process to sabotage the process, so that it failed.
  6. It makes me laugh that they want to offer below market rental rates, but they want people to pay 'at market' purchase rates, using cheap government loans. They have accepted the principle that market rates can be undercut by government, so why not forget about the cheap loans, and just give buyers a discount on the selling price to make the properties more affordable?
  7. A million new houses should be built just for workers under 40 to unlock home ownership for Generation Rent, urges Theresa May’s former adviser https://www.thesun.co.uk/news/6613499/a-million-new-houses-should-be-built-just-for-workers-under-40-to-unlock-home-ownership-for-generation-rent-urges-theresa-mays-former-adviser/ The 500k homes for rent at up to 20% market discounts would undercut a lot of private landlords, and help stop them just raising the rents. But the 'stepladder loans' sound quite dodgy - more HTB by another name.
  8. It's why you should always make an offer in writing and copy in the seller, if possible. Or better still, make it direct to the seller, and cut out the EA.
  9. I don't know. I suppose people vote with their wallets (or mortgage accounts) on which they think is the best seaside town. It looks like Sandbanks in Poole wins by that measure; and there is also Rock in Cornwall, which I have a feeling is also is very very very very expensive.
  10. Some more unintended consequences of rampant house price inflation. The government and journalists must be getting an inkling by now that booming prices have some downsides too (sarcasm intended): Stamp duty revenues plunge as housing market freezes https://www.telegraph.co.uk/business/2018/06/23/stamp-duty-revenues-plunge-housing-market-freezes/#comments
  11. With this extra vote, they were able to give the impression they are getting tough without actually doing anything in reality. The new tougher impression may now give them extra time in which not to get tough.
  12. Presumably less nice holiday places now also need to fall by 8.2% to compete.
  13. True, maybe it was just this meeting that was choreographed, to put a mild hint of 'action' behind the unreliable boyfriend's words. After all, it was a BoE insider who gave the extra vote, maybe to give his boss a touch of sorely needed credibility.
  14. The voting at these meetings is probably choreographed. They no doubt decide together how many and who is going to vote each way at the meeting, to present the impression they want to give publicly.
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