crashmonitor
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Posts posted by crashmonitor
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On 13/04/2018 at 4:18 PM, happyguy said:
They are the most mollycoddled generation of all time. From birth they are told they are special, can have anything they want, are super intelligent, are equal to everyone else in all respects. They receive no discipline at school or home. Sadly they are lied to and when that that reality comes home they feel confused and see that the they feel is misplaced.
??????????????
In any society there are inequality not all people are equal. There are many people who have more money than me but I am not jealous I say "good luck".
very true - my kids do not use any social media they do the old fashioned thing of have a few close mates they go for a drink or to a club with, play sport do not have 100s of "friends" on Me-book
They do not have to have a huge loan. In days gone by a tiny number of people went to uni. The taxpayer cannot afford to pay for thousand of people to study rubbish like film studies sociology sports science which may be very interesting, easy but are worthless in the workplace.
The Corbynistas do not get it they support a man and a party who want mass immigration, take in loads of refugees which increases demand for housing and encourages BTL then they whine that they cannot buy a house or get one from the LA. They do not understand the basic concept of supply and demand.
The UK is not a basket case economy it is going very well.
I will not vote for any one who wants mass immigration and puts flowers on hamas terrorists graves
You can pay for free flight to France if you wish
Very true. A worthless degree = a low paid job. Agree when my son was looking at uni we had a long hard chat about it and the ramifications. He opted to train a gas engineer. Last year he earned 77k and is buying his own home and running his own business in the real word, not living in a cossetted student environment.
We were definitely not told we were special. I went to a church school that was akin to Dennis Potter's childhood, except this was the 1970s not the 1930s...summary beatings and told we were the worst class ever or ' God help you when you get a job'. By the time we left school at 15 we knew our place.
As it turned out we didn't get the education, but leaving school in 1980 was a good time re. work and housing. Many of my classmates were buying houses at 18. Set up for failure and disappointment by the teachers, but the legacy was much better than that.
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A convergence with Halifax here that came out with -3.2% Q/ 0.8% annual.
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On 12/04/2018 at 8:03 PM, dropbear said:
The place is a dump, but it could be much nicer if they actually cleaned it every once in awhile. Looks like it hasn't been cleaned in months. Can't believe people can live in this filth.
I'm guessing the tenants have no have no incentive, also if one was the tidy sort it would probably be undone by the rest. If I owned the home I would get the stains out of the toilet and get the grout spotless. I would also tidy the garden. All within a day or two. It is really the responsibility of the tenants to maintain the standard, but if I was the landlord (considering the amount of money she is pulling in) I would spend a couple of hours each quarter sorting that problem Because if it looks like a pigsty the tenants will treat it like one.
Not that I would ever be a landlord btw.
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As previously referred to in the late 90s. House prices hit the lowest ever level compared to household income by 1996, so pretty much entirely the fault of Brown and Blair when prices tripled in less than a decade. Ever since 2007 it has been too big to fail. Nationwide prices are slightly below 2007 after rpi adjustment. Considerably higher in the South, considerably lower in the North.
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13 minutes ago, macca13 said:
I’ve not opened the boarders to anyone, nor have 99.9% of the population.. I don’t remember any politician ever actually making “importation of people by the millions” a manifesto pledge..
Plenty saying they would stop immigration! but none asking me to vote for them as they want to import cheap labour, erode the environment and living standards..
Im 100% against housing immigrants, my Gran lives in a nice block of retirement flats, 30 years ago when she moved in all English people.. Now Russian, polish, Sri Lanka, Korean..
none of them speak English and the smells from the Korean stewed cabbage and curry stink the place out..
We should not be running an international housing scheme.. For one we can’t afford it.. My gran pays full rent, tax, everything.. The rest of them pay absolutely nothing.. They came here to retire.. You have no grip on reality, how it effects other people’s lives.. we can’t afford it, if your old and house bound you like a chat.. who can she chat with? They don’t speak English..
The whole point of immigration is it is supposed to benefit the indigenous population. The issue in question is social housing, 20% of which is occupied by migrants. We should have a points based system for non EU so migrants face the same hurdles as UK expats. Instead we have imported low skilled dependent migrants.
Do those that think the system has worked well think UK expats have a greater share of foreign social houses than their representation in the population. My guess it would be about a tenth of their representation, even in Europe, not something like 50% over their representation. ie. we are fifteen times more generous than foreigners are to us. Because foreigners want to benefit from our expats not let us be their welfare clients.
Other countries have got this right.
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25 minutes ago, Beary McBearface said:
The simple truth that very seems to attract very little attention (compared to the attention garnered by fantasies of immigrants getting all the council houses) is that immigrants enter the private rented sector.
From the same source
I don't think those charts back up your point tbh. The bar charts are difficult to get an exact size of migrant socially housed, but my guess would be 1.8 million out of 9 million total in 2016 from about 900,000 out of 9 million in 2001. Disproportionately high compared to the overall make up of the population. I thought it would be smaller than that.
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17 hours ago, GreenDevil said:
hope you were all paying ATTENTION!
Stocks are soaring on free printed money.
Dow 30,000 by year end.
Well FTSE has crept back into its recent normal trading range from correction territory. Historically it has frequently crashed between February and early April and risen strongly to May. Not saying it will this year, it would be just too easy for traders if that were the case. If it does, this biannual May boom and Santa rally is just getting silly.
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32 minutes ago, GregBowman said:
Bit harsh not a bad message re the 3D world but of course as per your last line people will forgive her a lot.... ??
Just saw your post re character traits totally impulsive one minute, detailed almost OCD planner the next - snap ! I also come out as a sociopath on tests like most senior execs, my other trait is extreme sociability. One of my wife’s favourite comments is ‘ Have you any idea some people don’t want to talk to you ? Every time I tell you it’s like news to you ! ‘ I can thank my Dad for that trait.
I say three thank you’s Every morning and often it is a thank you for this wiring seems perfect for the modern world.
To everyone who suffers from debilitating anxiety I would say :
Firstly we all suffer from it - even off the scale extroverts with money in the bank. So never believe you can fix it externally with substances or you don’t have to work at it constantly
Invest in yourself gym, awareness training (NLP, public speaking, goal setting ) etc and locate tools and strategies that work for you. Now here’s the rub most of your friends, family and acquaintances won’t be any where near self awareness. Your going to have to start to build a you V2.0.
That involves building your self esteem through continual learning, searching out role models and going easy on yourself it’s ok to be different, that’s where social media is really no good for you at all
ps always dress well everywhere and appropriately When I see anyone walking down the street in the rain without a decent stylish raincoat ( in London and plainly can afford one ) it just looks stupid.
Shoes always clean and well polished ( cleaned and protected if suede or trainers )
But remember you are the clothes horse take a look at all the successful people you know - they are generally fit for their age. If everyone who obsesses with social media spent the same time exercising - wow ? imagine how their life would change
Exercise releases large quantities of dopamine, seritonin and endorphins. A big boost to happiness.
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55 minutes ago, rantnrave said:
I thought Osborne's little housing boom was supposed to make everyone happy?
Or Blair's Peak Education. The survey covers the happiness of 16-25 years, therefore including mostly full time students. As the education bit is a sledge hammer to crack a nut, I thought the rite of passage thing was 70% of the reason for it all. Clearly not making the recipients as happy as they should be considering the ball crunching cost.
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12 hours ago, Crashchris said:
Absolutely and even a tiny house up north will save you a fortune in rent. How can people afford to rent when they are retired? My parents couldn't so are happy to still be paying a small mortgage on their little house, they even said over it Easter that they don't know what they'd have done if my dad hadn't been made redundant from the farm and they'd been forced to find their own place in their 40s. What is going to happen in 20 or 30 years when all of these renters want to retire?
They get full housing benefit, no council tax to pay and a whole gamut of goodies that attach to retirement, leaving many better off than those who get no more than the State pension.
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10 hours ago, UnconventionalWisdom said:
Bit harsh when the South is full of people paying shed loads to the banks in interest on their "wealthiest" assets and thinking it'll make them rich.
We wont even get close to the stupidity of the South.
Doesn't feel like Northern hpi will do much.
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On 07/04/2018 at 1:24 PM, Fence said:
Upon reflection:
Thread heading - "Property wealth". An important caveat as unless you have more than one property it's not real wealth. Wealth is something you can get out of and realise - that's why you are "wealthy". Estimated equity is not cash to you, just to your mortgagor or lender. Downsize, equity release, live in a tent, are, in practice, very limited options almost to the point of irrelevance.
Another point - I hope all you young-uns have more wealth than just a house by the time you're over 50. It doesn't say much for the country if a few grand (for most) of free and clear equity is all you have. Take at look at the ONS wealth surveys - it's indeed all most people have got. Take that back and you are indeed back to the 1%ers or less, who are hiding behind this stuff. You're fighting over scraps.
And another - We could have written a title like "Over 40's Hold x% Of Property Wealth", or "Over 60's Hold x% Of Property Wealth", etc but that wouldn't have got people's backs up so much.
Not much recent data (interesting!) but:
Figure 5.15: Household net financial wealth (banded): Great Britain, 2006/08 – 2010/12
https://onlinelibrary.wiley.com/doi/full/10.1111/j.1475-5890.2016.12083
Table 2. Distribution of types of wealth per adult by age
Property wealth (£) Financial wealth (£) Pension wealth (£) Age of HRP Mean Median Mean Median Mean Median 25–34 21,595 2,500 5,129 256 12,006 3,990 35–44 54,566 30,000 14,764 1,088 41,597 16,043 45–54 87,036 57,500 25,293 2,689 105,116 44,952 55–64 117,597 80,000 42,935 8,634 165,771 78,743 65–74 122,597 90,000 43,457 10,500 120,444 60,793 75–84 121,792 95,000 43,918 10,104 64,081 30,248 85 and over 113,896 100,000 35,030 10,356 26,709 6,425 All 85,270 50,000 27,906 3,587 84,508 24,319 So:
. Not sure if the above is after debt (which is now back at peak highs)
. Not much recent data (e.g. covering the recent "alleged" boom) and ONS seems to avoid housing wealth now!
. Very little cash like wealth (low disposable income) - just houses and "forced" pensions
. Most retire with little realisable wealth
. According to an actuarial analysis, most have b*gger all wealth to convert to income above the state pension
. Be careful quoting stats: Median versus mean highlights massive inequality and there is a large geographic inequality too
. Pension wealth becoming relatively more important (but based on current (former?) boom valuations)
. Pensions obligations and balances can (do) get stolen!
Scraps!
Little wealth beyond houses and ( forced) pensions as you say. Even the wealthiest cohort have only an average of 43k in financials out of 326k per capita (9k /167k median for that group).
Financials is our largest. Probably an error, but have a modest house compared to what we have saved. People see politicians stealing savings and even castigating Equity ( Jezza C) so who can blame them. Leftish Governments are incentivising houses really, a terraced home in Islington might be the safest bet going forward. Certainly been a great decade for home owners in urban areas.
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6 hours ago, Freki said:
So a Costa worker should not have rights to decent housing and stable life?
Could always get a job at Costa, Finsley Gate, Burnley as a trainee barista and then put a bid on the two bed house on Basnet Street up at 30k.
Probably a bad idea...anybody from Burnley?
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6 minutes ago, Si1 said:
it's hard to know what degree will be a failure to whom - the great composer Handel was forced by his dad to take a law degree and not a music degree as the latter would not hold the same career opportunities
he went on to be the most heralded composer in Europe and a British national institution - albeit I suspect the greatest lawyer in Europe was probably richer than him (rich tho he was)
Michelangelo was a modestly paid servant of the state, the Bishop who employed him much better off, but I can't remember the Bishop's name...?
I don't know what to finally conclude from that, but if the primary motivation of education was a financial advantage then I feel we'd be living in a poorer world for it
I think if we just dispensed with a few lifesyle degrees and built a few social houses instead with the money saved life could be a whole lot richer for some. In an ideal world, with unlimited resources sure we can all do the rite of passage thing. However, public money is finite and a social housing unit could be money better spent than a degree in David Beckham studies.
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23 minutes ago, Habeas Domus said:
If you take it literally, all study is a waste of time, I did an engineering degree and 95% of us have jobs that don't involve any engineering at all. The two that I know are working in related fields use hardly anything they learned at Uni.
Having an education thats very different to the work you end up doing is not really a problem in my opinion. The bigger issue is this idea that if everyone has a degree then that makes everyone above average.
In a free market you might think that higher costs would result in fewer students, but we have actually seen the opposite. This shows that the education market is just like the housing market, people don't care what the price is, if you lend them more money they will just spend all of it.
Some people buy shitty new builds in the middle of a swamp.
Some people buy 3rd rate degrees from 4th rate universities.Some houses and some degrees are worth every penny, but many are not.
I wonder if the govt. gave every 18 year old £20K in cash (not some voucher) how many would still choose to spend actual real money on their education?
I do have a problem with the country making a 75k investment ( once housing and subsistence are taken into account) in a degree that has no relation to the eventual students' career.
Clearly the main beneficaries of such degrees are the University employees, the BTL landlords and creating fake GDP, not the recipient of the education.
Trouble is we have a whole generation of Oxbridge politicians that want to make the next generation's life like theirs because the system worked for them.
Peak University is one awfully expensive sledge hammer to crack a nut.
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20 minutes ago, Si1 said:
indeed - when we had a govt (Thatcher and Major) who truly believed in a very light touch, minimum interference.
of course that was at a cost too - of weak social safety nets for the poor - which was what saw the Blair govt elected
We've pretty much had Blairite Governments ever since..peak University, peak BTL, peak debt. Why bother with savings no self respecting politicians would been seen with cash when you can have BTL fed by fees doing the lecture circuit. Osbo, Blair, Cameron....just feathering their own nests.
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1 hour ago, Si1 said:
Long run graphs of house prices indicate that this may be the general case.
Over the long run house prices do correct, they do eventually revert to the mean, but much less dramatically than when they boom. This because the govt intervenes on the downside but not the upside.
Except 1989- 1995....to an historic low with regard to household income multiples. Of course, savers were rewarded with 15% interest rates by 1992, inflation plus 4.5% National Savings certificate or the biggest Equity bull in history. ( God knows why folk on here cheer on Equity corrections, they are an alternative investment to houses)
Give savers something else and they will reject houses. Not much chance with our urban elite, leftish, BTL loving politicians on all sides.
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10 hours ago, GreenDevil said:
You've got to "Buy the Dip!"
Yep ig pointing to a 100 point rise on the FTSE 100 today...we'll see.
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3 hours ago, Locke said:
Don't forget the reductions on Easter eggs. 50% off at Waitrose...inflation must be way down!
A trip down memory lane proves your point, Easter eggs used to be smaller (they were considered a luxury item) and there was no such thing as a loss leader. Now you get a slightly larger one for a quid as standard from the supermarket.
The first one here retailing at 5/3 in old money or £4.03 ,adjusted for inflation. ....the tiny Smartie egg of March 1970.
What a shame there is no longer a large UK owned chocolate manufacturer ...RPI..Rowntrees/ Mackintosh, Cadburys etc. I guess we buy the stuff from Poundstretcher on our welfare benefits and then we maintain the balance of trade by selling the manufacturer...win, win I guess.
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I did own Capita shares very briefly a year ago. Then it dawned on me I didn't understand what the bloody thing did other than shuffling paper about and employing a hell of a lot of people and got out on a small profit, but for the grace of God.
It needs a wiser head than mine to understand Capita, Woodford for example.
http://www.cityam.com/283290/capita-receives-fresh-blow-ahead-crucial-restructuring
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2 hours ago, Riedquat said:
Doors-wise when my gran was living with my parents, and unable to do much by herself, they got a fireman around to advise what was best to do for her in case of a fire. He had a look around and pointed out that the old solid wood doors, from the time before much in the way of fire regulations, helped a lot because they'd take an age to burn through.
Style-wise although I hate just about anything built in the last century or so I've lived in a couple of houses from the 70s which seemed reasonably OK. My other grandparents lived in a 1930s house (from new until they died) and the garden there was huge compared to anything you're likely to get now.
For those that like the 70s, the real thing here. When we were house searching a couple of years back I did come across the odd unadulterated 70s place, they are very rare and I quite like the nostalgia angle. Not the price, obviously. Furnishing it correctly wouldn't set you back much though with second hand teak furniture and the odd Tretchikof era print.
http://www.retrotogo.com/2018/03/retro-house-1970s-time-capsule-for-sale-in-storth-cumbria.html
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Well it's been a Grand Old Duke of York sort of year for Purple Bricks...Woodford marched them up to the top of the hill and now we are back to where we started on 4th April 2017.
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11 hours ago, Paul77 said:
DOW managed to reverse most of its losses, the next few days will be interesting to watch.
On our local gambling den Capita lost 7.39% and hit new 20 year low...
Capita is worthy of its own thread, it has lost 90% of its value in 3 years. The Market Cap is just 871 million but the forthcoming rights issue has been underwritten at 700 million. If the rights issue did fail and Capita becomes insolvent, Carillion will look like a walk in the park.
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14 minutes ago, jiltedjen said:
down 2.52%
doesn't look greatFtse down just 0.5% on ig spread betting. A bit surprised, we usually jump when US tells us to. Time yet I suppose for when the real market opens.
The War In Syria
in Current affairs
Posted
I think Markets may be breathing a sigh of relief on Monday. This seems to have gone down with less acrimony than would have been expected especially from Russia and Syria. Always impressed with the measured response of the Assad regime. If we had targetted the rebels it would be death to the British and no doubt terrorism on our streets.