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enrieb

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About enrieb

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  1. Map of properties in England and Wales owned by offshore companies. http://www.private-eye.co.uk/registry IN September 2015 Private Eye created an easily searchable online map (see below) of properties in England and Wales owned by offshore companies. It reveals for the first time the extent of the British property interests of companies based in tax havens from Panama to Luxembourg, and from Liechtenstein to the South Pacific island of Niue. Most are held in this way for tax avoidance and often to conceal dubious wealth. Using Land Registry data released under Freedom of Information laws, and then linking around 100,000 land title register entries to specific addresses, the Eye has mapped all leasehold and freehold interests acquired by offshore companies between 2005 and 2014. Using this data the Eye published a series of exposes of the companies, arms dealers, oligarchs, money launderers and others who use offshore companies. Now Private Eye, using the same data, is also publishing a database of all properties acquired by offshore companies from 1999 to 2014, showing the address, the offshore corporate owners (some have more than one) and, where available, the price paid.
  2. http://www.themeteor.org/2017/08/01/manchesters-property-investment-boom-funded-through-tax-dodging-offshore-companies-unethical-international-investment/ “If you listen to the media we are having a boom, this is great news, the Daily Mail is telling people from down south to put their money into Manchester. The local press are trumpeting a Chinese style building boom. I found this really interesting because I thought we were having a housing crisis not a housing boom.” "Financialisation The boom in buy to rent goes hand in hand with new financial packages that allow large institutions or corporations to buy apartments, sometimes in blocks or whole development sites, for the purpose of renting. And due to local authorities’ failure to enforce Section 106 agreements, which can force the developer to provide affordable rent flats, the large majority of these flats will be at market rent. Why Manchester is becoming increasingly popular for this type of venture becomes clear when the investment returns are compared. Gross yield is the rental income expressed as a percentage of the property value, the higher the yield the greater the return on the investment. In the London borough of Kensington the average rent is £1,732 per month and the average cost of a house is £1,103,645, which provides a ‘Buy to Let’ gross yield of 1.8%. In Central Manchester the average rent is £1,230 per month and the average cost of housing at £177,546 gives a ‘Buy to Let’ yield of 8.3% – a full 6.5 percentage points higher than Kensington. With figures like that it is no wonder investors are queuing up to put their money into Manchester. The Telegraph reporting on the issue said “Manchester has been revealed as a hotspot for build-to-rent construction, nearly eclipsing London.”
  3. enrieb

    Uk Net Migration Hits Record High

    I found this News Story on a Germany website. It gives a valuable insight into why we are seeing so many refugees from Syria, Iraq, Libya and Afghanistan, it's not just that we are destabilising these countries by flooding them with weapons that intensify the conflicts that cause refugees, we are also supplying them with a form of capital that they can sell to fund to cost of getting to Europe. Kurdish fighters sell off German-supplied guns http://www.thelocal.de/20160122/kurds-selling-german-delivered-guns-on-black-market When in the summer of 2014 Germany started to deliver weapons to the Peshmerga - the fighting force of the autonomous Kurdish region in northern Iraq - the decision was highly controversial in Germany. "According to one ex-Peshmerga fighter spoken to by NDR, a G36 rilfe (the standard Bundeswehr assault rifle) used to cost $4,000 (€3,690) but the price has collapsed in recent months because there are too many on the market. In the market outside Erbil, the journalists were offered a G36 for between $1,450 and $1,800 (€1,338-€1662). By last the summer the Bundeswehr had delivered 12,000 G3 rifles, 8,000 G36 rifles, and 8,000 P1 pistols to the Peshmerga. The ministry of Defence has previously has admitted it doesn’t know which fighting units received the weapons. The ex-fighter spoken to by BDR said he knew of around 100 of his comrades who sold their weapons and fled the war. He himself fled to Germany after selling a Kalashnikov to finance the costs, explaining that he hadn’t been paid a salary for almost half a year, after the Kurdish government’s coffers were emptied by the fight against Isis and collapsing oil prices." more info at the link
  4. It does not follow that they wanted to destroy the economy for no reason, there were plenty of reasons they wanted to flatten the economy. They wanted to take power away from Unions by creating a real fear of unemployment, which was done by destroying a large section of the manufacturing base. This took the only real poitical power away from working people and left it more centralised in the hands of the wealthy. Weak unions also opened Britain up to a flood of cheap imports and debt, which grew the finical sector which further hollowed out and defined the British consumerist economy from the 80s onward. Sure a lot of people got rich from those polices, but at the expense of the rest of society. Even so, it was a risky and dangerous economic policy, they only managed to pull it off with the benefit of North Sea Oil revenue. Thatcher eventually abandoned the Monetarist experiment and embarked on a credit boom/bust cycle. It was possible to deal with inflation without destroying the manufacturing sector and the unions, just look at West Germany. A pretty good book about the period was written by David Smith, from Boom to Bust: Trial and Error in British Economic Policy. I don't agree with a lot of the stuff David Smith writes these days, but the book documents the key events, theories and policy changes from the period, economic facts, transcripts of interviews, etc.. My interpretation above, differs from his, based on my political beliefs. Your interpretation may be different to based on yours. http://www.amazon.co.uk/From-Boom-Bust-British-Economic-ebook/dp/B00FPP6O7I If you believe that politicians and govements carry out economic policy with benign intention to do good, fighting inflation, instigating credit booms, austerity measures all the name of simply helping people, or even hurting them for no reason, then you are missing out on a lot of how the world works. When politicians promise to protect us from inflation, deflation, recession, unemployment, debt, imports, immigrants, terrorism, other countries etc.. then they use these fights to carry out the agenda of the power structures they serve, be that corporations, banks, unions, overseas investors etc..
  5. I just read this on the Manchester Evening News website Thousands of first-time buyers will be given a TWENTY per cent discount on their new home thanks to a government drive to help people onto the housing ladder. Under-40s who have never owned a property before will be able to register their interest in buying via the Starter Home initiative from the beginning of next year - six months earlier than planned. -------- Ministers plan to scrap planning costs and levies for house builders developing land - in return for below-market value sale prices on homes exclusively for those purchasing their first home. Work on the first lot of houses will start in the new year. Builders currently face an average bill of £15,000 per home in Section 106 affordable housing contributions and tariffs. http://www.manchestereveningnews.co.uk/business/business-news/100000-first-time-buyers-bag-twenty-8287669
  6. If you're taking finical advice from the Daily Express you're a failure.
  7. enrieb

    Black Monday

    Thankyou for your valuable opinion, clearly the finical geniuses of UK politics have invented a perpetual boom machine. The names of George Osborne and Gordon Brown will go down in history, their theories and methods will be taught in all future economic courses around the world. It's literally inconceivable that the plates could stop spinning. The UK is indeed a industrial and finical powerhouse of an economy as can be seen in our debt figures and our balance of trade numbers, which we can easily witness as our products are shipped around the world, unlike Japan, who really don't make anything at all. Oh, by the way, that was sarcasm, just incase you lacked the cognitive ability to comprehend the bleeding obvious.
  8. I've been reading this all thread all week and pretty much agree with Vengers argument, I think most of us here do. However, I am suffering from HPC fatigue and really just can't be bothered to argue the points that we have been making over the past years, when the situation is pretty obvious. Each time the indices turn, it looks like it's about to tip, the government (pre election) implements a few new props to keep some property values inflated at low volumes, but that just postpones the correction making the situation worse. Once some positive numbers come out on the housing front the usual VI's reappear and start pumping, this inevitable causes a few more long term bears to capitulate and drink the cool aid. Without recent interventions like the HTB scheme this argument wouldn't even take place, so as much as people want to discredit the concept that house prices are unsustainably high, the other alternative is perpetual government intervention which is a ridiculous long term strategy.
  9. How could this happen, don't people realise that teh economy is recoverh
  10. I Imagine it's to do with the energy problems Europe is going to be facing over the coming years.
  11. I agree. I form my opinions based on as wide as possible base of international media, somewhere between lies a balance, they all have their own biases. The BBCs coverage is just shocking, but then again it always has been, if you regard the BBC as fair and balanced then you probably wouldn't even notice it, because it never happened, even while it was happening, it never happened, it was of no consequence, it simply wasn't news worthy. The agenda the BBC have been pushing is really quite terrifying, it puts us on a trajectory to war, in Ukraine, Africa, Syria. For an understanding of the media, one would do well to read the preface to George Orwells Animal Farm, which was ironically unpublished. http://home.iprimus.com.au/korob/Orwell.html For some balance on the Ukraine situation, people would do well to read the German Media, its quite a contrast to the UK/US stuff. http://www.thelocal.de/20140719/merkel-putin-agree-on-international-probe-of-mh17-crash
  12. I think that if you can get the discount, then go for it, even at todays overvalued prices. This is more of an indirect gift to the banks though, as it's a good asset with a loan below market value with equity. Unfortunately most of the people I know who have bought, under the right to buy over the past then years, weren't financially wise, they mewed all the equity out of the property, which was either repossessed by the bank or were forced to sell when they could not afford the repayments. A btl would usually then take over the property.
  13. A comedy/advert from the Manchester Evening News. What sort of luxury does an apartment have at £97,000. Also Ordsal is not part of Salford quays/media city, it's next to it, but I expect the BTL investors have never been to manchester/england. http://www.manchestereveningnews.co.uk/news/greater-manchester-news/sixty-apartments-plan-salford-quays-7366715
  14. So Britain is once again a manufacturing powerhouse, exporting our many great products around the world leading to a huge trade surplus that will lift us out of any economic difficulty. Made in Britain
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