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House Price Crash Forum


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Everything posted by captainb

  1. I don't go for the daily mail Brexit crap. However the slamming of the AZ vaccine by Macron based on naff all, then the EUs crappy legal challenge is shameful. All they have achieved is that for the next pandemic nobody will ever produce a vaccine at cost for the world. Risk reward basis is horrific, and if you read the latest AZ report the major shareholders are telling them so in no uncertain terms
  2. Or when Putin took control of the Russian constitution for a crisis he just handed it all back.. oh wait he didn't. Or when Thai military did their cou they handed all the power back in the 2019 election, oh wait they didn't.. Or Franco, or Mussolini or... Etc etc Just finding an example when power was handed back doesn't put the risk at nill. The numerous examples of where it wasn't should act as a severe warning not to do it unless the most abolsute worst, extreme, no other option circumstances.. People crying for boots on the ground over sodding covid suggests they have no risk perspective. Alternatively, and perhaps more likely they are control freaks, and wish to ensure everything is "under control" no matter what the cost.
  3. It's not new. Julius Cesar was dictator just for a crisis. People still all too stupid to fail to see despite thousands of years of evidence, handing power to people "just for" an event doesn't end with them just giving it after. Merely another crisis appears to justify it continuing.
  4. Depends on the level of ground rent if you have a long lease... Nothing, in terms of being worried about forfeiture (you still panic lol). If you have an assured tennacy then you need to pay. On a long lease unless you specifically agree the fee with them they can't go for a forfeiture for at least 3 years from when it's due. You can get more than that if you argue the charges arnt reasonsble and contest them. They are not due technically unless you agree them or a court agrees them. Although there might be some really odd lease wording that allows charge of X at a fixed price, people should be advised not to sign that. I'm reality the freeholder won't go down that path. They are far more likely to go to your mortgage provider and inform them as they have first charge over the asset. Legally enforcement isn't easy and isn't something that's done quickly or lightly. In the case of these huge cladding bills the reason why it's been in the news for years and will remain so is because that's how long it takes to sort out. They haven't even done court route yet on most of them and it's unlikely a judge would allow them to. Hence the stand off between who is actually paying, between the government fund, builders, leaseholders etc etc. If you get into arrears over the cleaners bill and gym etc and can pay, even if you don't think they are reasonable it's always advisable to pay then contest later. On stuff like that ultimately the court will prob side with them and you'll be liable for their legal bill.
  5. Nah they were all deliberate and different cuts... Wonder why...
  6. There is and I support the changes in the law. My point is just because someone has previously at some point used the stat process to extend by 90 years doesn't mean (if you have a flat) you can't do the same under the current provisions again later. If you have a leasehold house you are screwed but I'm at a loss as to why anyone would buy a leasehold house. People don't keep whacking on 90 years as the formula still comes out with a significant cost each time. Not worth if for a 150 year old lease where the buyer assumes someone else will extend not them
  7. As that's the stat term. There's nothing stopping you doing another 90 years a year after to push it out further then again then again.. but you pay all the fees each time. I'd your lease has 90 years or less remaining the cost of extension is reflected in the sale price you get for a flat. Extending a 180 year lease to 290 years doesn't increase by the cost so people don't bother doing it
  8. Prob not that many and those that do would rather pay the fee than keep it under a mattress for burglar to find. Regardless of what's said here it's already been implemented in several countries without the sky falling in. You do large amounts only then persuade smaller amount account holders to pay a monthly fee for services
  9. Like everywhere else that does it will be for balances over 50k or so in a bank Rest of free accounts being pushed into pay £10 a month but get "free" travel insurance and mobile phone insurance etc etc
  10. If it's a flat you can extend as often as you like. If it's a house it's just once bizarelly. Law going through multiple readings to give all leaseholders opportunity to extend to 999 years at nil ground rent. God knows when it will actually pass though. At the moment law is stupid I agree.
  11. Depends on the level of ground rent. If it's over 250 per annum or 1000 in greater London then they can do that as it treats your lease as an assured tenancy. If your ground rent is below those numbers they can't. Note service charges can be any figure on top and are not relevant in deciding if it's an assured tennacy or a long lease. If your ground rent charges are below those limits the route for the freeholder to reclaim costs is far more complex and depends on the terms in the lease, even then they would need to go to court. A court cannot under any terms allow forfeiture of a long lease regardless of what the lease says etc unless the arrears last at least three years. Even then it's the nuclear option and hard to get. If there's a mortgage secured against it, they will stop the process and engage. Doesn't help you but also doesn't help the freeholder as they have first charge.
  12. It's daily deaths per million Or to make it easier if Hungarys population was 10m people at the peak 300 people a day would be passing. UK would be 70m * 30 which would be 2,100 deaths a day. Which isn't great.
  13. There is no central funding for RNLI never had been. Vast majority of their finding is wills
  14. Quite. You can't condemn people who get forward looking predictions wrong based on what's known, although you can challenge their assertions and track record. The difference here is deliberate miss representation of prior data to make a point that doesn't exist. Classic bad faith actor which given what's at stake is pretty odious. Unlike the trump claptrap which was just stupid.
  15. It's not just that.. it's the cutting of the timeframes. Ever wonder why he cuts Hungary at April.. take a look yourself.
  16. If he annoys that much just add to the ignore list. Classic pigeon chess player. The only interesting element is what happens once that doesn't happen.. what new mad hat conspiracy nonsense will be jumped on as fact. Vaccines was dully predictable post trump next, might be more interesting... Charles being a lizard man? As a republican id find that vaugely amusing.
  17. Random stroke or as a result of their smoking habit or type 2 diabities? Both major causes of.. Know this is all trolling with the lepar colony stuff but very few medical conditions don't have some form of patient choice leading upto them. Even a car accident you choose to get into a car...
  18. They have set aims to get x % of total market. They don't want to be best buy and take away too much from banking sector as that could cause major issues. They do that on limits on rates and the amount of each product one individual can buy. When times get tough and people want more guarantees they tend to dump into NS&I therefore they slash rates to nothing to encourage others to switch out into normal banking and balance.
  19. Completly fair, also put on ventaitor at bottom of post but both work yours prob better. If there is another large pandemic think they need to move to not do this daily data malarkey in a public way. The data on a daily basis will at best be an approximation at worst missleading so not sure why it's been released to a public who typically take it as blind fact. Will annoy media for their daily clicks, but that KPI for reporting been a hindrance to any form of rationality.
  20. Interesting data quality issues ref hospitalisations. Included is anyone who tested positive for covid within 14 days prior to hospitalisation or anyone who tests postive on arrival to hospital (perfectly reasonably everyone is tested). Why does that matter? Well for many people it's really not a serious illness others it clearly is. So you do get people who have an asymptomatic infection or low symptoms and then break a leg, get cancer etc etc and are hospitalised. Those are counting as covid hospitalisations. Data error jmpact worse when cohorts catching covid are younger and thus far more likely to be mild to moderate infections. When asked to strip out those for which covid is not the primary reason for hospitalisation a third of the cases dissapear. Only done for the last 6 weeks. Stuff like this does matter, as did the crazy you can't recover from covid stats in force till August last year because it informs policy that has other very serious consequences. These data impacts also only show themselves when postive cases are high as that translation of case into covid hospitalisations or death is where the errors occur. If argument is, deaths are low but impact on NHS is high, it's highly relevant than even in the total absence of covid a third of the hospitalisations would still occur. To strip out all the nonsense probably worth using proxy. I.e for hospitalisation number of patients with covid on a ventilator (large undercount clearly but shows rise or fall and comparisons to other peaks) and deaths excess deaths. Not getting into any false positive on the testing side (personally all the evidence I've seen suggests this is minor for PCR). https://www.telegraph.co.uk/news/2021/07/29/hospital-figures-covid-cases-misleading/
  21. You would also logically totally expect that. As driving to a testing centre and sticking a probe right into your sinuses isn't a nice thing to do on an afternoon most that do it are told to do it by test and trace etc or feel rough and fear they might have cv19. Therefore with rising cases in the community, more people called by test and trace, more symptoms and more tests undertaken. With falling cases in the community the reverse happens.
  22. Perhaps. I actually fear rather than voting in earnest a further exponential decline in the relevance or respect of democracy.. if it does nothing for me... Tempting to go for something else.
  23. Genuinely are! Paywall but FT headline: One in five UK baby boomers are millionaires Analysis of ONS statistics shows extent of intergenerational wealth inequality https://www.google.com/amp/s/amp.ft.com/content/c69b49de-1368-11e9-a581-4ff78404524e
  24. Didn't really get much press, but UK starting to export AZ doses purchased to poor countries. 9m doses so far. Would guess vast majority of over 60s have been done yet still producing 2m a week. Hopefully they can make some difference in the likes of SE Asia. Horrifically they gave the contract for production to the Thai kings company, depsite no vaccine production experience... Something that AZ should take some responsibility for alongside the odious military government and monarchy there, both still pull the strings despite the 2019 election.
  25. Agreed on state pension however pretty bizarre you get a winter fuel allowance if you are retired in Spain or a millionaire (which 20% of pensioners are). However any working age benefits cease to exist with 16k savings.
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