Oxfordite
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Cpi/rpi Figures Out On 13/05/08
Oxfordite replied to thirdwave's topic in House prices and the economy
They must raise rates now surely! A cut cannot happen! The 2% target and BofE independence is the central lynchpin of Brown's fiscal policy, he invented it. He cannot allow a 70s style inflation now. -
Cpi/rpi Figures Out On 13/05/08
Oxfordite replied to thirdwave's topic in House prices and the economy
FTSE doesn't give a F*** , it's up -
Cpi/rpi Figures Out On 13/05/08
Oxfordite replied to thirdwave's topic in House prices and the economy
JESUS!!!!!!!!!!!!!!!!!! CPI 3.0% http://news.bbc.co.uk/1/hi/business/7397850.stm -
Allsopp Bid For Stamp Duty Cut
Oxfordite replied to crash2006's topic in House prices and the economy
Yes. and? -
Allsopp Bid For Stamp Duty Cut
Oxfordite replied to crash2006's topic in House prices and the economy
Stamp duty is GOOD. It provides a good source of tax income from the property owing classes. I hope to become one. ABOLISHING stamp duty will also INCREASE the cost of housing. As nearly everyone who posts on this forum will know: The cost of housing is directly proportional to the availability of credit. i.e whatever funds a buyer can get his hands on he will use to buy a house. This sets the market (ref 1 below for thick people in media). Removing stamp duty will increase the availbility of funds to all buyers and hence property prices increase by this amount (ref 2). Ref 1 It was never a shortages of houses you dumb shits. Ref 2 Explained in detail in Fred Harrison's book of 2004. -
Ce Of Nationwide Says The £50bn Made No Difference
Oxfordite replied to Laura's topic in House prices and the economy
Unfortunately Libor is coming down a little. 0.2% in the last 5 weeks. Wonder where is will go after the decision this afternoon. http://www.bloomberg.com/apps/cbuilder?ticker1=BP0003M:IND -
Y-on-Y is -0.9% http://news.bbc.co.uk/1/hi/business/7378215.stm "The lender said it now expected a "mid-single-digit" percentage decline in prices in 2008".
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.. duplicate post
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The idiot (AKA Ray Boulshit) is still using the phrase 'Pent up demand' http://news.bbc.co.uk/1/hi/business/7375069.stm "...especially as there is now pent up demand from would-be first time buyers."
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When I first read the OP I thought this was just a bit over the top, however this changed today. I haven't received my salary this month yet. My company always pays on the last but one working day of each month (i.e should be 29th April). I haven't received a penny in my building society account (nationwide) yet (at time of writing its 30 May 9.20am). I've contacted my employer and they've even told me that my payment notification has been issued and was posted to me yesterday.
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Auction - Edward Mellor - Manchester & North West - 116 Lots
Oxfordite replied to M21er's topic in Auction results
Nothing is selling. This can't be normal. Greedy sellers setting their reserve too high. -
http://www.bbc.co.uk/blogs/thereporters/robertpeston/
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Krusty Blasts Hpc.co.uk!
Oxfordite replied to Little Professor's topic in House prices and the economy
One of the best posts I've ever read. -
Banks Given 100 Days To Reveal Total Losses
Oxfordite replied to nmarks's topic in House prices and the economy
I thought it wasn't possible for the banks to do this even if they wanted to because of all the complex abstract crap on their books and their liabilities get worse the deeper the crisis gets. -
Anyone else noticed this? Both came into office after a long (debt fuelled) boom, both came in after domineering PMs, both were previous chancellors, both presided/presiding over a HPC, both look incompetent and give the appearance of a complete lack of control of the situation or even know what's really going on. To be honest I don't know which one is worse.
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Arseh0le Anatole Kaletsky Goes Uber Bear...
Oxfordite replied to mbga9pgf's topic in House prices and the economy
David Smith of Sunday Times could never openly volte face like this. He is the "House Prices only ever go up" cheerleader suprimo. Love reading his incompetent column each week. This sunday should be a laugh. -
Arseh0le Anatole Kaletsky Goes Uber Bear...
Oxfordite replied to mbga9pgf's topic in House prices and the economy
Merryn Sommerset Webb Fred Harrison -
EAT SH1T DAVID SMITH* *incompetent paid economic 'expert' of Sunday Times
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Biggest House Price Plunge For 15 Years
Oxfordite replied to sambino's topic in House prices and the economy
Anyone know what the fall was in Sept 1992? Is this the 2nd biggest on record? -
Those 100% 1990 loans were mainly endowment mortgages.
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Teresa Hunter writes in the Scotalnad on Sunday http://scotlandonsunday.scotsman.com/busin...Bank.3952249.jp We are now paying the most expensive mortgage rates since mass homeownership began. Labour loves to throw taunts about the days of 15% mortgage rates in Conservative faces. But the truth is that today's borrowers are being fleeced at significantly more penal rates. Labour conveniently forgets that when mortgages peaked at 15%, most were tax-deductible. Basic tax at 33% left borrowers actually paying 10%. With the key mortgage-setting rate (which is not the base rate but Libor, the rate the banks charge to lend to each other) currently at 6%, many borrowers will soon find themselves paying something in the region of 7.5%, unless Libor is brought lower. The gap between 10% and 7.5% doesn't give much to boast about. Can anyone work out if this is really true, I can't get my brain to understand this!
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I have £18,600 in a Nationwide 60 Day notice ISA bond paying only 5.30%. Next week I'm moving it to ALLIANCE AND LEICESTER ISA paying 6.25% with instant access. This is the best on the market that has instant access and is British. I know many of you on this site might say Don't Do It! A&L could go as per Nothern Rock or worse. But I'm convinced the British Government will not let a British bank go bust and 100000% convinced that it will guarantee deposits up to £35,000.
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The End Of Sub Prime & Btl Lending?
Oxfordite replied to JohnG's topic in House prices and the economy
How is 80% LTV sub-prime?