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House Price Crash Forum


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Everything posted by dpg50000

  1. If they do bring the increase in, the bolded part is nailed on guaranteed.
  2. This. But will wage rises follow for the majority of workers (and not just those in industries for which there is a temporary skills shortage)?
  3. To me, this just illustrates how house price valuations are just fantasy. Even allowing for pushy vendor greed, presumably some estate agent told them their house was "worth" £850,000. How can they be so far out? £410K out FFS!
  4. I have absolutely no facts to back this up, nor have I done any research, but it wouldn't surprise me if UK banks were spuds deep somehow.
  5. It's OK - the BOE assure me this inflation is only temporary and they're "looking through it". After all, nobody needs to eat to live, do they?
  6. Absolutely. Clearly a lot of people on here have a bee in their bonnet about civil servants. I worked in the private sector for 30 years, my civil service pay is about 40% less than I got in the private sector, albeit for less travel. That's the trade off for a better pension and some slightly better t's and c's (a bit more leave, basically).
  7. Quote from the article: Some industry workers have decided “not to go back to the rat race” after Covid, while 300,000 to 400,000 switched to online jobs - some of them HGV drivers who no longer have to get up at 4am. Is this a joke? 300-400K people (inc. HGV drivers) just left the industry to take up online jobs? Why do I not believe that? And as for not going back to the rat race, well how are they earning then? Smells like b******t to me.
  8. Pretty soon, there'll be no tax efficient means of saving for your retirement. Another kite flying idea in the Tory press to gauge reaction. Another cynical Tory ploy to keep house prices high, as people look to invest in bricks and mortar. I f***ing hate this government with a passion.
  9. I don't think he said his girlfriend at the time was a new grad, did he?
  10. Quote from the report - seems there's a big backlog - wonder what it'll look like once these are cleared? The monthly transaction count from which we have derived the average prices for June, July and August are 26,026, 8,324 and 4,941 sales respectively. These figures contrast with the HMRC estimates of housing transactions in England and Wales for June and July 2021 of 200,000 and 70,000 sales respectively (the August HMRC totals are not yet available at the time of going to press). This suggests that the Land Registry continues to have a mammoth task ahead in processing the number of outstanding registrations.
  11. https://www.gov.uk/government/news/proposed-new-timetable-for-state-pension-age-increases
  12. A new care home opened up in my town about 4 years ago. Even back then, for dementia patients (who are obviously fairly challenging to look after) it was £1200 a week. £62.4K a year, for something whose safety was rated inadequate in their last inspection (Dec 2020)!! http://lmhealthcare.co.uk/wp-content/uploads/2020/12/990826e5-7f06-4ceb-bff5-0daf33922a98.pdf Edit to add - I was shocked just how big a business care homes obviously are. Looking on Google Maps, then are 19 in a few miles radius from me.
  13. Looks like they took £245000 in CBIL's from the government according to last years filed accounts......
  14. Half a million quid for a depressing 2-bedder, with open plan living room / kitchen. Insane, absolutely insane.
  15. Daily average deaths is already over 100. I don't think cases per se will cause another lockdown - hospitalisations rising too much will.
  16. Repeat after me: Transitory Just had an email from my energy supplier. My gas and electric are going up, adding (they estimate) nearly £200 to my dual fuel bill total. It's about a 14% increase. https://www.dailyrecord.co.uk/lifestyle/money/sse-energy-price-increases-24836631 Still, this is all transitory, so I'm not worried..... 😡
  17. Mind-blowing. So, the Canadian government didn't ask where people on declared yearly incomes of $12,000 or less were getting the money to buy houses costing many hundreds of thousands of dollars? No doubt the same goes on in London.
  18. So, for myself, in the I.T. department, we obviously had to ramp up the capability for people to work from home, and ensure appropriate security. We also brought forward some projects that would enhance our home working capabilities - our team was never busier than during the last 18 months. Some areas were closed, yes, but not as many as you think, and some of this was due to re-deploying people to help out with the effects of the pandemic, e.g. establishing temporary morgues - https://www.lancashire.gov.uk/news/details/?Id=PR20/0118 and ensuring the most vulnerable in society were still looked after.
  19. Woah. I'm public sector in Leeds and they kept us all on and tried to get us to do productive stuff from home when necessary, online training if everything else ran out. No-one was put on furlough following your own suspicion there. Likewise, public sector in Preston and it was the same as yourself.
  20. I, along with many others on there apparently, made the decision a while back to cut back on most discretionary spending and aim to work less and retire far earlier. It's cliche to spout on here, but it's true - you do only live once and it's really not worth driving yourself into an early grave in this rigged environment.
  21. Couldn't agree more. At the recent Jackson Hole it was all they could do to mention that tapering "could be appropriate later this year", with no rush on raising rates. They'll never do it unless their hand is forced. https://www.bloomberg.com/news/articles/2021-08-27/powell-says-fed-could-begin-tapering-bond-purchases-this-year
  22. Maybe, like me, a lot of people who own ICE cars outright (yes, that's a thing) are keeping them until they need replacing and seeing what the state of play is with regards to EV's then.
  23. Hahaha. I'm convinced you're just a parody account powered by a not very bright AI bot.
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