Jump to content
House Price Crash Forum


New Members
  • Posts

  • Joined

  • Last visited

About telespy

  • Rank

Recent Profile Visitors

The recent visitors block is disabled and is not being shown to other users.

  1. Karachi just had a mini heatwave of 40°C for four days in a row, and that is Spring!
  2. The Establishment needs high inflation to reduce the real value of the massive government debt incurred due to COVID in UK and everywhere else in the western world. https://www.economicshelp.org/blog/3015/economics/why-inflation-makes-it-easier-for-government-to-pay-debt/
  3. Inflation by country at this link, ranges from -2% in Rwanda (how did they manage that) to 686% in Venezuela. So not even Venezuela has hyperinflation if the definition is >1000%
  4. Celebrity nimby https://www.dailymail.co.uk/news/article-10352159/EXCLUSIVE-Singer-RagnBone-Man-WINS-round-battle-stop-developers-building-34-homes.html
  5. Here's a UK power networks study. Page 2 says EVs represent an additional 0.3kW contribution to residential peak demand per household. As EV uptake rises, there is an increase in the number of voltage violations with the additional EV load. However, it is anticipated that the majority of these will be fixed through local LV reconfiguration works, with only a handful of events triggering any investment works. Of the investment-triggering events, these would have occurred due to the background load growth and will need to be brought forward by 1 to 2 years due to the additional EV load. Page 3 says The anticipated impact of HP (Heat Pump_ loads on the network was found to be minor; however, it was still significant and twice the expected contribution from EV charging.
  6. China and Russia are getting friendlier with each other. An apocalyptic prediction might be that to overwhelm the West's capabilities, Russia invades Ukraine and China invades Taiwan in a coordinated move, with maybe Iran invading Iraq, Kuwait and Northern parts of Saudi. This will send oil soaring, semiconductor supply will be cut in half (Taiwan's TSMC supplies the world with most of the very advance semiconductors). So there will be too much going on at once for the West to respond quickly or effectively! Thus a fait accompli, with the fall out dragging on for years in the form of economic sanctions.
  7. Even buying the lease seems a right hassle. https://www.dailymail.co.uk/property/article-10153527/Why-not-able-sell-leasehold-flat-Myra-Butterworth.html
  8. There are almost 4 million refugees in Turkey (source). So I suppose the logic might be that if whatever Turkish lira they get is buying less and less, they might decide to leave and migrate to the EU and some might come to UK?
  9. Sunday Times article today Slough’s suburban landscape has long made it an easy target. The poet Sir John Betjemancalled for friendly bombs to rain on it, and when Ricky Gervais wanted a humdrum setting for The Office, the Berkshire town offered the perfect backdrop. The local council, though, has been doing its bit to try to shrug off that dull reputation. Last week, Slough’s Labour council was taken over by ministers after blowing a £100 million hole in its budget in the wake of a string of commercial property acquisitions. The council’s spending spree, which catapulted its borrowing to £760 million, took in an Odeon cinema in Basingstoke and a Waitrose supermarket 80 miles away in Gosport. In the town centre, the council spent £42 million developing a Thunderbirds themed hotel in partnership with Morgan Sindall. “They have been spending like the Kardashians and these property deals are not a healthy way of spending residents’ money,” said 59-year-old local resident Sharon O’Reilly. “This is not a joke — we have a homelessness problem and the food bank is running at overcapacity. This will really affect people.” Disgruntled locals wrote a protest song last summer with the chorus: They spent all our money, Rishi What ya gonna do? Send them to the dungeons That’s what they used to do In fairness, Slough is not the only one. In the past six years, local authorities have splurged £6.8 billion on commercial property, according to the estate agency Savills. While some of those deals were motivated by a desire to take greater control of local regeneration projects, others were a desperate attempt at generating income to offset a 38 per cent real-terms cut in central government funding over the previous decade. Twenty-four local authorities now have commercial property portfolios worth more than double their annual budgets. And a Sunday Times analysis of their accounts reveals that the cumulative value of those property portfolios has tumbled by £202 million in the past three years, leaving local residents to foot the bill for poor investment decisions. “It was a disaster waiting to happen and everyone knew it. How can local councils compete with savvy, seasoned investors out there in the marketplace?” asked real estate tycoon Nick Leslau, owner of Alton Towers and the Manchester Arena. “We didn’t do this, but, candidly, there has been a period of time where investors could sell problem properties for top dollar to local authorities.” Slough council is now selling half its £1.2 billion of assets. Councillor James Swindlehurst said the local authority’s property portfolio had provided more than £5 million of income a year, helping to fund frontline services that would otherwise have been cut. He acknowledged, though, that managing the portfolio had been a challenge. Slough council followed in the footsteps of Croydon by, in effect, declaring itself bankrupt. In 2018 Croydon’s then Labour council leader Tony Newman sanctioned the £53 million acquisition of a local retail park and a £30 million deal for Croydon Park hotel, which went bust last year. Auditors from Grant Thornton said the council lacked understanding of the retail and leisure markets and that its strategy of investing its way out of financial trouble was “inherently flawed”.
  10. From https://www.theguardian.com/lifeandstyle/2021/oct/12/time-millionaires-meet-the-people-pursuing-the-pleasure-of-leisure
  11. https://www.liverpoolecho.co.uk/news/liverpool-news/year-hell-now-trail-filth-20970106
  12. Homes now cheaper to rent than buy https://www.thisismoney.co.uk/money/mortgageshome/article-9679113/Homes-cheaper-rent-buy-time-2014.html
  13. First hand experience report. Interesting quote https://www.standard.co.uk/homesandproperty/property-news/trying-out-sky-pool-reporter-london-aquarium-in-sky-b939567.html
  14. Two-bedroom cottage in Padstow measuring just 8ft 2in wide - making it narrower than a London bus goes on the market for nearly £430,000 https://www.dailymail.co.uk/news/article-9639793/Two-bedroom-cottage-measuring-just-8ft-2in-wide-market-nearly-430-000.html
  15. Some recent photos https://www.dailymail.co.uk/news/article-9639815/Swimmers-enjoy-worlds-sky-pool-115-FEET-ground-London.html
  • Create New...

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.