crashmonitor
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Posts posted by crashmonitor
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Yep poor even in the north. 14/58 sold in my area of the rural Peak District..24%. Probably 40% this time last year.
Tbh its been like watching paint dry here for the last 14 years anyway, prices probably only 10% higher than 2004 in nominal terms. A rural shire area with no BTL and nobody much bothered about buying property as an investment.
Not had a boom here since 2003 and it seems like we wont this time. Last couple of years zoopla says +5.8% against 7.0% rpi...that's about as close to inflation as prices have got here for almost a generation.
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5 hours ago, Bruce Banner said:
My wife bought something at Homebase a month ago, on the understanding that they would take it back for a full refund if we found it cheaper elsewhere, including online. I found it for 20% less on Amazon so she took it back to Homebase for a refund. Guess what, "we don't price match Amazon" and no amount of arguing would convince them to honour their word. My wife was so annoyed that she accidentally knocked over a display stand on her way out.
Good riddance
. It used to be a good company, though.
Visit Amazon at your peril, browsed for a backpack which I actually bought from ebay and the crooks signed me up for Amazon music and took 9.99. How the f$$k do they get away with this default stealing. Not the first time money has gone out my bank account and traced back to them.
It's beyond shocking.
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3 hours ago, winkie said:
So what school someone happened to go to is related to how much they will have accumulated for their retirement??????
Regards religious schools, what we should be asking is why so often religious schools have a better outcome for pupils than non religious schools, and why non religious parents want to send their children to religious schools????
Therefore does being religious mean will accumulate more for retirement????
Does the education you receive have any correlation to what end up with to spend at retirement????
?
It probably will in the future. Not great having to start out with graduate debt. Also tend to think money is no longer real once you start out life on further education paid for by the State initally. An attitude that will probably take a bit of shaking off.
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According to the article the UK debt mountain will be bailed by UK savers in their fifties and sixties. Not saying it is right."Desperate savings", creating a " cash glut". Better import some young eager debtors from Eastern Europe quick.
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Yep new peak close 7787.5. Worry not, all part of the Master Grand Rotation plan...BTL -15%, Equity +15%. Money isn't destroyed it migrates as investors flee the housing market.
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FTSE 100 having a go at surpassing the previous peak close 7778.64, 12 January. Starting to get vertigo, will it fall, probably. Sell in May and all that. I'm not trading, so guess I will have to put up with the next slope down.
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Getting ever closer to that "too good to be true" 8% dividend with further price implosion to 207p today.
Currently 7.45% yield off a 7.33 p/e.
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On 26/04/2018 at 16:43, crashmonitor said:
TSB was desperate to break its ties and costs with Lloyds, so desperate in fact it wasn't really ready and behaved like a precocious kid that thought it was. Absolute shocking incompetence. For God's sake call back the cavalry at least for a bit.
Exactly as I surmised. Lloyds offered a full cavalry rescue within hours of the the Spanish Sabadell system falling apart. But like a petulant kid, TSB rejected help from its parent. But it really was not up to the job.Has come to light in the Parliamentary enquiry.
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1 hour ago, Sancho Panza said:
It's the maintenance bills that are huge.
It's much cheaper to rent them.Gross yields sub 2%................I wouldn't buy a 3 bed semi unless it was on a 6% gross yield or more.
I agree. The Vicarage at Edensor, Chatsworth Park up for rent at 36k pa. Difficult to get a value on this as the entire village owned by the Duke but something similar in neighbouring Baslow would be a couple of million. Hence a yield of less than 2%
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23 minutes ago, spyguy said:
Its in Wales ...
Nice rural part of Denbighshire there along the Vale of Clwyd.
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Or a mini stately home for the price of your typical extended terraced house on Canal Street, Oxford. Reckon it would cost about 10 million to build today and I guess a fortune to maintain going forward.
I was trying to figure the catch to this one, may be you just get a bit of it. Nope the whole shooting match, country park, gate house, servants cottaqes, Japanese garden ...... the lot.
Think I'll stick to Canal Street mind.
http://www.rightmove.co.uk/property-for-sale/property-44580774.html
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Resurrected this topic because tbh nobody is touching country houses still. Never known such a narrow gap between homes for the gentry and former labourer's cottages. I have stayed at this particular country house a few times, absolutely delightful mansion with stabling turned into a further residential unit. Massive grounds over two acres and out on a limb in the middle of nowhere.
But about half the price of a terraced house in Oxford or one in Stab Alley, Hackney. I guess they are a lot less work though. In Victorian times a place like this would have had several servants and at least one gardener.
http://www.rightmove.co.uk/property-for-sale/property-51181977.html
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1 hour ago, Ah-so said:
Then we can all be in the 1%.
A good percentage of us probably are on a global basis.
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30 minutes ago, oatbake said:
I think I'm right in saying that BT were one of the first to offshore contact centre jobs a few years back. Ultimately, you get what you pay for, and BT have been haemorrhaging customers due to poor customer service. It's great when things are going well but as soon as things start to go wrong... From a customer's point of view, there was no accountability or ownership of problems. You would find yourself explaining the same situation three or four times to different representatives and nobody was really interested in solving your problem, just parroting the same scripted answers. Promised call backs never came.
Although that said, the experience was not much better when dealing with their UK-based staff... Engineer turned up for a cancelled appointment (they'd even texted to confirm the cancellation a couple of days beforehand). Again, nobody really interested. It made me wonder how a company can be organised so badly. A real shambles.
They are hiring 3,000 engineers and sacking 13,000 back room office staff. Problem has been too many chiefs and not enough Indians.
I read somewhere thar there were 7 pay grades above engineer and that was mainly the backroom middle management office jobs.
They are supposed to be a tech company but I suspect BT has gone awol from accountability to shareholders and set up some sort of job creation scheme for middle managers.
Smacks of Carillion and Capita tbh.
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Desperation from BT after the shares have continued their unchecked straight line channel down from five pounds at the end of 2015 to a new low of £2.17 last night.
The bloated workforce has apparently 13,000 unnecessary white collar jobs to shed with crippling financial severance consequences, at the same time they are short of engineering technicians. Sums up the UK really, graduate desk jobs and no technicians. Plus the small matter of the 11 billion final salary pension deficit, more than half of Market cap.
7% dividend, price to earning 11.5, feeling lucky punk?
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On 11/04/2018 at 13:17, spyguy said:
The remaining Equitable Life policy holders have been v. lucky. Theyll get a return. Mainly down to QE stock and bond boom and 80% cashing in.
The annuitants didn't do too well post taking their pensions, but they were at the top of the Ponzi scheme and it was their 18% annual bonuses that bust the Society in the first place.
Fast forward 18 years and the members left who hadn't taken an annuity or held with profit bonds may do well out of the Bond boom unless the assets start to unravel. Where as the annuitants switched to Equity backed annuities in 2007 at the worst time and have had to take several cuts and are no longer Society members.The 300,000 left now own free assets of north of one billion not already accounted for by the 35% terminal bonus.
The Society wanted to increase that terminal bonus to 70% and sell, but the members apparently rejected it in consultation. Think they want some sort of Tontine where the last men standing will bag the lot. I'm sure all Equitable members think they will live forever and no doubt even the nonagenarian members favoured keeping those free assets on ice for a few years yet.
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Three years into a mortgage that is difficult to pay they go for a big wedding ( presumably) and add the best part of 20k to their borrowings in crippling credit card APR.
Nothing wrong with getting married but a simple ceremony might have saved their current financial crisis.
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25 minutes ago, GreenDevil said:
Just to clarify, im still looking for Ftse 10,000 when then round of funny money printing appears (next few years).
Well it would be about time. Still only 10% up on Market cap from the last century 18 and a half years ago. Still anything over 7000 is assumed to be doomed because it has been in most investor's memory.
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2 hours ago, Kosmin said:
Maybe people are finally realising that high dividends are desirable and so money is flowing to FTSE 100 (7650 - almost back to highs, especially when considering dividends) instead of American markets.
FTSE has been the runt of the global litter. I guess you takes your pick Amazon at price to earnings 400 or some decent single digit Ftse stock yielding 6%.
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16 minutes ago, GreenDevil said:
I normally say Buy Buy Buy the dip, this time i say Sell the Bounce!! Sell Sell Sell
Indeed recent history May has been the top.
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On 01/04/2018 at 15:02, crashmonitor said:
In recent years early spring has been the nadir of the Market and May/ June has been the peak. ( Christmas aside)
Just to be clear we weren't all doomsters on the stock market...thought it would rise from the lows seen at the end of March through to May.
Maybe we are getting a grand rotation...Equities up 12%, Houses down 3% in a month. Can always hope.
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12 minutes ago, happyguy said:
you must be doing well if u think 50B is affordable
where would it end ?
we all have disadvantages in some way or other so let us all get £10k.
It seems like a Corbyn policy - everything is free - benefits for everyone
No thought about who pays for it - all the students who are studying film studies, sociology and who will end up in low paid jobs so they will not have to pay the loan back will also get a free 10k paid for by people who work
Long argued that Peak Education is part of the problem, the Exchequer subs a David Beckham Studies degree at 75k a pop once you factor in subsistence and housing when for God's sake you could build a council house for that. Crazy.
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4 hours ago, payoyo said:
Also, I would say that the smartphone, which is a way of life for the younger generations is also responsible for the lack of "stuff" that people accumulate. Think of the number of devices it has replaced. Off the top of my head I can think of: House phone, digital camera, CD players, DVD player (and the media that people also used to buy at £10/pop), portable games console, PC in some cases, TV in some cases especially amongst the young, watch, calculator, alarm clock, tomtom.
Surely this must have an impact on retail sales.
Actually has with me...no wrist watch, no home computer, no home phone, no camera. Printing via public library. Love the minimalism of it all.
And not even a new smartphone, sim only £20 per month on 10 GB data, unlimited calls otherwise.
Doing my bit, crash by name, economic crasher by nature.
Put up interest rates and I might consider spending a bit. Zero interest on savings, zero spend.
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7 hours ago, BuyToLeech said:
Because the impact of Tory policies from the 80s and 90s took time to be felt.
It was always the next generation who’d suffer from council housing sell offs. Same with the invention of BTL or the demutualisation of the Building societies (Halifax, northern rock, and so on). The damage caused, which was inevitable and known at the time, wasn’t going to occur on day one.
To ignore this is short termism of the worst kind. It encourages governments who make terrible policies designed to look amazing until just after the next election.
Hell, we’re still seeing the effects of the Balfour declaration from 1918, and from British colonial policy in the 19th century. Actions that have repercussions one hundred years later.
The people who made those policies are to blame, the fact the damage occurred later does not change that.
If you light a fuse, and then run away, your culpability for the explosion isn’t related to the length of the fuse.
The most unstoppable legacy is a budget deficit, yet Labour crassly blame Tories for doubling the debt. On day one you can't suddenly change salary and pension entitlements, welfare entitlements etc and stop the momentum. Instead they froze these entitlements and took eight years to reduce that deficit to zero. They then say Tories should have spent more to achieve more growth. Really; UK Gdp higher than Italy Spain, Germany and France 2010 to 2018 in spite of the post Brexit collapse.
You can blame Tories for Brexit, but the doubling of debt was all due to overspending in the previous decade. You can't handbrake turn debt momentum. Whoever got in the doubling of debt was inevitable.
I think housing booms are much easier to correct. Cheapest house prices in UK economic history as compared to household incomes by 1995 close on the heels of the Lawson boom. Just that no administration has bitten the bullet since about 2003 when they first got crazy...that's both the the Tories and Labour to blame for that.
Million £ Homes
in House prices and the economy
Posted · Edited by crashmonitor
Nah I wouldn't pay a million quid for a chavie McMansion. You should get at least a gate house, a gardener's cottage, a deer park, a bit of shooting and an historic stately home. A bit like this one, except you probably need a few million quid to run it.
http://www.rightmove.co.uk/property-for-sale/property-44580774.html
On seconds thoughts probably need to stick to those prisoner cell block H estate homes in Norwich and pay the extra they are asking. What's 1.53 million anyway.