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House Price Crash Forum


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Everything posted by PeanutButter

  1. Here’s more: https://www.theguardian.com/world/2019/jan/18/cautious-consumers-chinese-economy-slows Cautious consumers feel the pinch as Chinese economy slows Deserted high streets show that after decades of breakneck growth, the world’s second largest economy is faltering
  2. Another thing you may not know about Bitcoin: it's killing the planet - As a Bitcoin maker who covered the oil industry as a journalist, I see parallels between the two that may haunt cryptocurrency
  3. Brexit does play a part though. People here will be holding off because they don’t know what’s going to happen. China is a factor, but most people aren’t sitting tight because of China, not when rates are so low. They’re sitting tight because their jobs might disappear overseas.
  4. Guardian also running it. Separate data from the property website Rightmove showed rent levels continuing to rise. Average asking rents in London hit an all-time high of £2,034 in the fourth quarter of 2018 as the number of available properties dwindled . Compared with a year earlier, the number of properties available to rent is down 22%. Rightmove is predicting that asking rents will rise 4% in London this year and by 3% outside the capital. Outside London, places in the north-west have had the biggest demand from tenants, such as Bootle, Runcorn and Birkenhead. Rents up is concerning.
  5. https://www.theguardian.com/business/2019/jan/16/marks-spencer-selling-loose-fruit-veg-plastic-waste Marks & Spencer is to start selling more than 90 lines of loose fruit and vegetables free of all plastic packaging, in a trial that will put the traditional greengrocer back on the shop floor and revive the use of paper bags
  6. Probably because the housebuilders have bribed the government to subsidise their industry with taxpayer money + most people don't want to renovate. We're live in plastic wrapped, box fresh days.
  7. Well our ancient arch-enemy Canada is well known for embedding disruptive spies in high up UK positions. And it's very rare that a high-ranking white male is given multiple chances in life to run things badly. Occam's razor would suggest he is in fact some sort of inter-dimensional alien.
  8. Indeed, a stunner IMO. But pick any Joe or Jane off the street and they're as likely to want to bulldoze it for an 'eyesore'. This consultation is a waste of money and time. They'd be better off consulting on Sustainable and Practical Housing Solutions for Future Climate Chaos Case in point: colleague has moved to a new rental that has no built in storage. My my! It's a handsome 'traditional' house - but entirely impractical and costing each person to moves in a lot in wardrobes. You could blame the landlord (and I do) or you could look to the spacious built-in storage I've always found designed into 60s flats/houses. Span estates had the right idea https://www.theguardian.com/money/2007/may/26/property.lifeandhealth hence their enduring popularity.
  9. I prefer this headline from Thisismoney: 'Gravy train' continues for Persimmon as the housebuilder says profits are now expected to beat forecasts We subsidise them building rubbish. https://www.reviews.co.uk/company-reviews/store/persimmonhomes
  10. He's dual citizenship now (grandparents from County Mayo). Not sure how being Canadian (I know many fine Canadians) has any impact on his skills or lack thereof. Perhaps we should ask for Baron King of Lothbury to come back
  11. Alright, I'll play. Please post pics/links of your Top 3 Most Beautiful Residential City Buildings. They can be from any country but excluding places surrounded by nature and beautiful views. It's an entirely subjective waste of money and time. May as well consult on 'What Is Art?'
  12. The new genre of money diary seems to be a popular option these days (good clickbait I suppose). https://www.theguardian.com/money/2019/jan/12/i-went-from-a-junior-office-job-to-a-six-figure-revenue-as-a-business-coach 1. Cruise ships = vomiting virus + pollution https://www.theguardian.com/environment/2016/may/21/the-worlds-largest-cruise-ship-and-its-supersized-pollution-problem 2. Oh good. Another landlord. 3. Lucky to have married a sensible chap. 4. I'm from a humble background and my parents absolutely led by example on saving. Any spare money always got ferreted away.
  13. M&S food is good quality but they'd be better served with more small stores catering for the working lunch trade. The giant retail spaces filled with multiple versions of the same old people clothes are just a waste of rent. Still, another British institution falls from grace. According to someone who went to work for them (and left) their legacy systems are incredibly slow and out of date and the HQ culture is very much 'this is the way it has always been done'. A shame.
  14. Please can we have a new bunch of idiots in charge? I'm tired of these idiots. https://www.theguardian.com/artanddesign/2019/jan/15/can-we-trust-the-government-to-judge-whats-beautiful What's that smell? Oh, it's the scent of Housebuilders' PR Musk sprayed liberally over the necks of our so-called government. Maintaining buildings, oh no, no money for that.
  15. https://www.theguardian.com/business/2019/jan/15/marks-and-spencer-stores-close-m-and-s-hull
  16. They love air pollution don’t they. Not that we’re much better. Dirty air: how India became the most polluted country on earth https://ig.ft.com/india-pollution/
  17. Fortnums sold over a dozen of their £6k hampers this Christmas. If rich people want to hand over their money I’m all for it (drawings the line at blood diamonds, naturally). But reading more, they seem like a jolly decent British business. https://www.thisismoney.co.uk/money/markets/article-6509905/Booming-Fortnums-defying-High-St-gloom-Christmas.html And with the season of goodwill upon us, Venters talks a lot about the importance of kindness in business. 'You can still be competitive and ambitious but if there is kindness at the heart of how you treat your suppliers, your customers, your staff, it will shine through,' he says.
  18. https://www.theguardian.com/business/2019/jan/12/subprime-timebomb-back-companies-lighting-the-fuse When an expert in financial risk at one of the world’s most powerful private equity outfits tells investors to scale down their exposure to a specific corner of the debt market, it is worth taking notice. Henry McVey, who sits on the risk committee at KKR, said last week that the leveraged loan market – a $1.3tn (£1tn) pile of risky corporate loans – had been on a “great run in recent years” but the firm was now cutting its exposure to the asset class to zero. McVey is not alone in his caution. A growing chorus of global leaders spent 2018 warning that the leveraged loan mountain was getting dangerously large and inviting comparisons with the financial crisis a decade ago. What’s all this then?
  19. The catchphrase “worst of all worlds” doesn’t take into account this insane limbo we’ve been living in for the last 2 years. THIS is the worst of all worlds, not knowing, not agreeing, chaos, bickering, taking sides, backstabbing, grand pronouncements on changed minds, and having to talk about it endlessly.
  20. Good. About bleddy time. Wonder how many UK sellers have gone to the ropes after being undercut time and again.
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