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House Price Crash Forum


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About bajista

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  1. You can tell what a genius he is by looking at the bathroom. If you want to bath with someone, you want one big bath, if you don't, you want two bathrooms. 2 baths in one bathroom is just surreal.
  2. +1 (trillion of hidden liabilities, probably)
  3. the Dutch solution to this dilemma - hedge your bets and grow tulips!
  4. Surely a housing boom is one where lots of houses are built/fall from sky. As distinct from a house price boom where there is no change in housing but a bubble in prices.
  5. Why do that when they can make us ultra competitive at £2=1 Euro or £4=1 Euro or, ultimately, £1000=1 Euro
  6. Also did they extrapolate what the wealth distribution and social structure of the country will look like if executive salaries continue to rise at 20% p.a and others at 2%?
  7. Do they mention how much an ordinary child born the same day as George will have to save each year to have enough pension in 2083?
  8. +1 The detail is amazing- the skulls, the almost Shell log,o the little band that is reminiscent of hydrocarbon structures...... Finally a product worth buying
  9. I can't generalise to everywhere and anywhere, but my grandfather inherited some properties ( which he rented out) from his mother around 1920, they consistently cost rather than made money for 40 years until 1960 when my (by then widowed) grandmother sold them for pretty much peanuts. As a result my mother always used to say that property was expensive to maintain and avoided it in favour of pretty much everything else. Obviously the picture changed post 1960 and the timing of the sales was bad (or rather, terrible!!), but the fact that for 40 years of the last century it was not the place to have your money is a warning to those who think that BTL is always a one way bet.
  10. or a Pole tax - there are surely enough of them in the country now to be able to afford 1.5b
  11. Surely the point the OP is making is that if someone on £100k is stuffed it is more evidence there is no hope for the vast majority of the younger population. I see it as a long term positive though. If he can't afford to trade up no one can- all those "£million + worth" properties in London - simply aren't.
  12. That is true, even without the elimination of its occupants. The UK is a rare case of a western economy where the commercial capital and seat of government is in one city. Should move it to Newcastle or Hull.
  13. Some are, some aren't. Some are mewing to pay for their final years and if they have no dependents, why not, you can't take it with you. In any case if it is all you have you'd be crazy not to even if you have dependents. But it isn't all MEW Some younger ones still have very elderly parents alive and have taken out mortgages in their 50s and will inherit enough to pay off ( parental care home fees aside) And some have mewed but only to put up capital for their children in 20s and 30s so they can buy -so just early transfer of wealth- actually good tax planning too. [ though I don't approve of such propping up of the first time buyer market ] Point is, overall statistics tell you very little as usual- shame government base all policy on the overall statistics....
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