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Everything posted by AteMoose

  1. That seems quite expensive I thought the US was supposed to be cheap. you can get similar (perhaps bigger?) houses in better locations in the uk for a similar price within a similar driving distance of the uk's second city (comparing this chicago property to a brum) http://www.rightmove.co.uk/property-for-sale/property-46220915.html http://www.rightmove.co.uk/property-for-sale/property-29365632.html?premiumA=true The rest of the UK is still on a different planet to london...
  2. Backs up the argument that wage inequality has been very large until very recently
  3. Politics is about moving the norm, if germany moves to a normalised position of wanting to leave the EU then the politics will move. There will be many politicians who want germany to leave europe but they will be keeping there poweder dry.
  4. reminds me of the bloke who build an apartment inside a wall/void inside a shopping centre and lived in it for 4 years... http://www.trummerkind.com/theone/Residences.html http://consumerist.com/2007/10/03/man-builds-secret-apartment-at-mall-gets-away-with-it-for-four-years/
  5. Back of a fag packet calculation that sounds about right/possible a bit cheap? Each restaurant has between 50->100 tables that tend to be full at peak times. Average seating for about 100 people? not busy all the time but I would guess 5 hours per day at close to full capacity. Average head price £20? Turnover of £10,000 per day? a 75% profit margin? £7,500 profit per day? 436 restaurants takes this to 3.27m profit per day? 360 days per year, 1.17 Billion profit per year?
  6. with money printing the bank wouldn't run out of money. If you play a medium/long game of monopoly with a large number of players than bank runs out of money but there isn't a bank run because in the game the bank doesn't act like a bank. This is because there is a fixed money supply, prices don't really float that much, the bank hands money out on each run round. A more realistic model is too hard to achieve with a board based non electronic system. Printing money (in the fixed game of monopoly) would mean the bank doesn't run out of bank notes. A better game would be a more realistic/electronic game that has the understanding of interest rates and risk, that game would work very similar to a capitalist economy
  7. Bizarre, would guess it is now impossible to get a mortgage at 4x. don't the MMR regs essentially enforce salary multiples of much less than this?
  8. The most incredible thing is this site exists. I'm Thinking about the intentions of the person who Created this site... 1. It was Created Yesterday 2. The aim is to discredit George/The conservative Party .'. I'm assuming this was setup by the labour party (Site is identity protected), and this kind of thing is aligned with the dirty tricks that happens in US elections. What is in incredible is because it also discredits Gordon! Incredible, completely Incredible.
  9. I guess one way of calculating afforability is to take the average % of income it costs to buy an average house for a FTBer given the average wage of a FTBer household. Turns out the graph looks like this which shows the historic unaffordable level is more than 50% of your salary. Today on average the value is 32%. The people who set Interest rates aren't idiots, they manage the situation carefully
  10. went into a new development in west mids to have a look around and was offered help to buy. I was surprised to find out you are eligible if you are trading up. Prices of these houses were 300-400k which is a little out of our price range. Low interest rates have alot to ask for, a 400k mortgage at 2% IO is £668 per month, (£1,700 a month repayment). In practice for many people the thing that stops them trading up from there 100k house getting a 400k mortgage for a £450k house and paying out 668 quid a month IO is not having saved up 40k. For other people the thing that stops them from doing this is the fear interest rates will rise and they arent paying it back!
  11. Interesting the headline is shocking but clearly the savings of the top 20% make isn't equal. The top 1% save more than the people just inside 20%. Thinking about it I am surprised the average number people are saving in the 20% bracket isn't higher. The average annual savings of EVERYONE right of the 40k is only 18k per year? Thats alot of very wealthy people who are spending almost all of there income. http://en.wikipedia.org/wiki/Income_in_the_United_Kingdom
  12. See Poll (sorry for the off options at the end; Harriot Harmen suggested last night that people were only voting UKIP to shake up the other parties as a protest vote)
  13. Way to inject confidence into your economy. Anyone with any wealth in Iran will be looking to get out of the country and get there money out.
  14. That old chestnut, there are a number of ways of effecting how people think when it comes to IRs. 1. Change IRs 2. Say you expect IRs to be something Its not as powerful, but it still has a big effect ;-p Back in the day Merv was great at doing this. Just the threat of changing IRs will slow the housing market down (along with MMR Regs). Its a powerful tool to change peoples behaviour as if it was going to rain just by saying you think it may rain more people will stay indoors. Its as if you have the skills to actually make it rain without needing enact a change in IRs
  15. pretty useless graph, surly you need a before and after thatcher to be able to write such an article/see what the difference is?
  16. Software engineer, javascript (AngularJs is the top payer atm)? http://www.theitjobboard.co.uk/index.php?SearchTerms=Angular%2A&RadiusUnit=2&JobTypeFilter_1=1&JobTypeFilter_2=2〈=en&Mode=AdvertSearch&Radius=0& most jobs are 50k->75k + bonus or contracting upto £900 a day CSS, html javascript a little less but upto 60k...
  17. If HPCers are representative, a median of about 50k? http://www.housepricecrash.co.uk/forum/index.php?showtopic=198214# According to the ONS Average Earnings in 2008 were 25k, today they are 27k (Page 13) http://www.ons.gov.uk/ons/dcp171778_335027.pdf
  18. Pffft we have no where near the same levels of inequality as the 1920s... In the 1920s the bottom 25% were starving to death, the top 5% had staff... today no-one is starving to death and the top 5% earn 50k PA and can barely afford to live in london....
  19. I came across a fake £2 coin last week, It was much a bad fake I refused to take it from a work mate. It was a terrible fake, there was a wonky half a mm gap between the outer ring and the inner coin... but clearly its already happening!
  20. Incomes in the uk are relatively similar, the manager in charge or the factory isn't earning much more than the man working on the factory floor (or not working). I was very surprised going to Canada where people in better jobs appear to be able to afford much more/do more in a country with lower costs of living. You come back to the UK and realise how much salaries have become very flat/similar. The meme is there is wage inequality in the UK, the reality is its a total lie when compared to other developed (and developing world) countries around the world! Income inequality makes people want to better themselves, rather than everyone being at the bottom of a barrel. Both of the graphs below show household income, in the USA the top 25% are earning more than £51,000, in the UK you would be in the top 5% of earners to be earning that much as a household. The USA graph Median income isnt much more than the UK median, the graoh (and inequality) is much wider, more people earn alot more although the average is about the same. The UK UK http://www.bbc.co.uk...le_england.html USA http://en.wikipedia....e_United_States
  21. We have made a number of changes to our mortgage system to support MMR. Its open to interpretation but alot of the changes are wording or slight changes to our core software (our system has lots of the MMR changes already in place due to some of the customers that have used it in the past) The biggest change for the mortgage companies is greater compliance, the only real way to achieve this is to rely/buy the right software. It might slow the heated market a little bit, but it doesn't really change anything much for the man or woman on the street (its not as big as the impact of RDR). Its worth noting that lots of countries around the world are also considering implementing there own versions of MMR.
  22. was there 2 years back... In Harare supermarkets you get change in sweeties or IOU notes... Bank notes are insanely dirty disgusting US dollar bank notes
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