Jump to content
House Price Crash Forum

Matt Bear

Members
  • Content Count

    541
  • Joined

  • Last visited

About Matt Bear

  • Rank
    HPC Regular
  1. Matt Bear

    MAIN HELP TO BUY MARK2 THREAD -

    I reckon this will only make things worse - especially in London and south east. Everyone will be wanting to get in in the first year fearful of missing the boat.
  2. Have to agree. And it is the MPC's view of inflation 18-24 months ahead which never seems to bear any relation to reality. And the BBC headlining this as Rates Held Until Unemployment Falls - it's nothing of the sort.
  3. Matt Bear

    Cyprus levy --- merged threads

    I hope the Cypriot politicians have got the balls. Can't understand why Cyprus would want to follow in Greece's footsteps. Surely it makes sense for tourist destinations to have their own currency. OK imported goods are going to be pricey but a good exchange rate would encourage tourists. Most folks round here go to Turkey for their summer holiday these days - Eurozone countries are too expensive.
  4. I thought this was old news. From our local rag 8/12 "GWENT's new police and crime commissioner wants to appoint a retired police officer he has known for 30 years as his deputy."
  5. Matt Bear

    Cyprus levy --- merged threads

    I can see Cyprus adopting a Rouble backed currency.
  6. Matt Bear

    Cyprus levy --- merged threads

    Not sure what to believe atm
  7. Matt Bear

    Cyprus levy --- merged threads

    Twitter: Seems a bit over the top.
  8. Matt Bear

    Cyprus levy --- merged threads

    Given the choice I would have thought the average Cypriot would choose to do an Iceland over the current proposals. And that is what should be happening - overstretched banks should be defaulting. But we seem to have some bizarre solution where savers are being punished anyway when the problem is that there aren't enough savers and there's too many borrowers. The savers seem to be being punished for choosing the wrong bank - but what choice do most Cypriots have? The deposit guarantee is supposed to exist so that savers don't have to worry whether they have chosen the wrong bank and/or have to keep cash stashed at home - but that guarantee now seems worthless. The longer the banks stay closed the more likely there will be a rush when they open and the more likely some form of capital control will be needed. The future for Cyprus seems even bleaker than Greece. Their banking system looks like it will be destroyed and they will have to put up with Troika austerity measures.
  9. Matt Bear

    Cyprus levy --- merged threads

    I don't see how the Cypriot banks can avoid a run and they can't therefore re-open until there's come sort of controls in place to restrict withdrawals. I think that then will be a catalyst for bank runs elsewhere in the PIIGS.
  10. Matt Bear

    Savers Bashed

    ISA interest rates down across the board. NS&I 2.5 - 2.25% Sainsbury's bank 2.8 - 2% (was looking at this last week). etc. http://www.moneyobserver.com/news/12-11-05/top-savings-rates
  11. Matt Bear

    Osborne 'to Rule Out Mansion Tax'

    Cameron's argument for dismissing this is laughable though. He makes out that this policy would affect hard working families. I mean who has a £2 million mortgage?
  12. Matt Bear

    Ed Milliband

    "Ed Balls calls for stamp duty break" - idiot. http://www.bbc.co.uk/news/uk-politics-19779395
  13. The "line rental" bit pisses me off whoever it's being paid too. Headline rate from Sky on Uswitch is £5 per month but as soon as you click through it's + £14.50 line rental a month. Seriously considering ditching the fixed line altogether and usin mobile broadband.
  14. The flats look they were built right over the top of the end of the culvert, and it wouldn't surprise if that has caused the culvert to collapse. I'm also surprised there was apparently no retaining wall to stop the infill washing away in the first place. Lot of blame shifting to come between builders, Duke of Northumberland Estate (apparent landowner) and Newcastle council. Can't see these flats ever being insurable even if they can make them habitable. It is some sort of testament to the builders though that they are standing at all.
  15. Culvert collapse. It seems the council were aware in June when it flooded (and possibly in May when a mystery hole appeared). http://www.chroniclelive.co.uk/communities/newburn-and-walbottle/2012/06/13/newcastle-residents-evacuated-in-flood-scare-video-72703-31173451/
×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.