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Mr. Gruff

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About Mr. Gruff

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  1. Today at work we had a meeting with a credit provider. It's a little complex, but I would essentially act as an introducer, fill out the paperwork, send it to the broker, who then arrange the credit with a bank. I pay a 9.25% fee but get 0% finance for my clients for 10 months. Otherwise it is a 6% fee and interest rates of 7.9% for 2 years (this may look like a bad deal for me but it gets a lot of business through the door, plus I just put up my fees and give a "cash discount" for anyone who pays up front) Anyway, the rep from the broker was talking about how they were the best on the market
  2. Does anyone know why 10 year gilt yields are dropping? That's it.
  3. I'm gobsmacked. Got your finance for a free of charge lesbian equality centre rejected on the grounds there is no business merit? Have you been rejected for a loan based on the fact that your previous five attempts at establishing a Maserati dealership in Dundee have failed?Fear not, Captain Darling is here to save the day by forcing those nasty banks to hand over the money! Seriously, forcing banks to lend money when they have done their own analysis is not a good idea. Expect more bank failures to come. Meanwhile, I'm writing a business plan for a dry cleaning service for your paper base
  4. I've been thinking about houses and house prices a bit recently, particularly as I keep getting told that there's never been a better time to buy, with low, fixed interest rates available and lower prices. I need to get things clear in my own head, so what better way to do it than to write a rambling narrative and post it in to the economics subforum? The way I see things, there is a balance of savings and debt, and all things being equal, the market will find the right equilibrium between the two, if left long enough and without interference, assuming, for some crazy reason, that everyone is
  5. I have approx 1500 quid on CC every month, which is paid off entirely as it is due. It adds up to a couple of free flights a year with a BA Amex. Otherwise nil. Worst debt was 7k loan to buy a car after being a student. Paid off entirely a couple of months after starting to work. ETA: Also have 1250 quid overdraft, constantly used but never breached. 0% interest, and well over 1250 in savings to balance it out
  6. Not unless he started selling perfumes in a pyramid scam when he was 8. - http://en.wikipedia.org/wiki/Inside_Track#History
  7. Could be a good way to boost the deposit fund - go and live in a caravan for three months, selling thistles and stealing things from the locals.
  8. Pah! This year I was business class with my wife to Europe, next year it's LAX in First! Thanks to all those who contribute to my holidays!
  9. Brown trousers time. Let me just check a few things, so I'm getting the right picture. QE is replacing money which is disappearing thanks to the miracle of fractional reserve banking working in reverse. If they print too much, then it's inflationary, if it's right we will have stability now and inflation later, unless the same amount is also removed from the economy, or if it's not enough we will have deflation, with possibly inflation later. Interest rates down to 0.5% means that firstly there is less incentive to save, therefore banks can't lend out. Rates are dropped to encourage borrowi
  10. Apologies if this was posted earlier, I couldn't see it... http://news.bbc.co.uk/1/hi/business/7922186.stm
  11. I can't believe you could be so insensitive. I mean, you can't go around criticising people for being... oh, you mean the ONE-EYED idiot in Downing Street. Not the two-eyed Scottish idiot with dark eyebrows. My mistake.
  12. Keep enjoying the party. Prices dropping fast, regardless of what EAs etc. say. I know a couple who were recently completely robbed by an EA. Young couple, under pressure from all around to "buy now before you miss the opportunity", "there's never been a better time to buy" etc. despite the downturn. Went to view a flat. Liked it. Next day EA called and said that they had had another 7 viewings resulting in notes of interest (Scottish system), would they like to add a note of interest? Flat has been on sale for ~6 months. Suddenly, 7 notes of interest in one evening?? It hasn't been reduced
  13. He is, he never really got into boosting house prices, so kudos to him for that. My problem with him is that he is a sycophant, grovelling to those who have money and can spend with total disregard to the final product, and being overly critical of those who simply can't afford to do what would be the ideal. Sometimes compromises are necessary due to budget, most people WILL do the best that they can realistically afford to and he was pushing them to do things that they couldn't afford.
  14. Self-selection. Why do Costa charge an extra 2 quid for a large cappuccino with syrup when the additional cost is about 15p? If you WANT to pay for something that costs nothing and adds virtually no value, do you think the car makers will stop you?
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