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House Price Crash Forum

AC2

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About AC2

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  1. It's a variation of the 80:20 rule, isn't it? You spend 80% of your time generating 20% of your profit. As you say, once you become aware of this you can organise your business life in a much more pleasant way.
  2. I am. Left the UK last year, now living in New Zealand with wife and young family. We could (from a financial perspective) come back, but almost certainly won't except for trips to see old friends and family. There are very few things I dislike about the UK, apart from its entire politico-economic system. I do like the people and the geography, for the most part, and I enjoyed living there. But I didn't want my children growing up in a controlled, surveillance-driven environment, which seems to be where the UK is inexorably heading. And it was time for a change anyway. The people are just as
  3. So... the prediction was -1% and the actual was +2.6%. The main thing that interests me here is who represents the consensus prediction (i.e. was it "49 out of 52 economists polled by...") and what exactly did they miss to get it so wrong. In other words, what are the economic systems causing these numbers to be so much more positive than were predicted; what did the predictors actually miss? Same question about Nationwide, to a lesser extent. Edit: /are/to be/
  4. I've not had anything capable of receiving broadcast TV since 1999, though I do have a flat screen connected to a laptop for the very occasional DVD. I used to hate the feeling after watching the box for a couple of hours, like recovering from a mild coma. It's an apathy-inducing anaesthetic at best.
  5. I hope that continues, but I've seen a few news stories here recently extolling the virtues of CCTV, which is the thin end of the wedge as far as I'm concerned.
  6. Wasn't something like this tried at one school in the 70s? Kids ran amok, neighbours complained, school was closed, but I seem to remember the alumni actually did pretty well in the big wide world... some ended up as lawyers.
  7. Two well-established aspects of human nature, which can be applied equally to bulls. And probably 'neithers' too. They are extremely difficult to overcome (even though you may think you have), which is why it's rarely a good idea to place anyone - bar the most repetitive monothematics - on 'ignore'. The things that irritate you most are often the things about which you're deceiving yourself. The self-defence of vested interests is a strong force in most of us.
  8. Agreed. And the inflation meme is spreading fast. Even friends of mine who were gloating a few months ago about their shiny new tracker mortgages are now shuffling around in anxious discomfort. Unlike Japan's situation for much of the last decade, there's nowhere for the UK to ship its inflation to.
  9. You (a hypothetical person) saw the crash coming. You STRd in 2006, maybe even early 2007. You kept your cash safe and held your nerve as bank after bank was nationalised or propped up. Maybe you diversified into PMs or bonds or NS&I. You thought things would be bad, but now they're looking worse than you could have imagined. Nice as it would be to hold out for greater gains, you (particularly if you have kids) are starting to think you can't take the gamble - no matter how small - that your 'hard earned' money will be inflated, devalued or simply seized in an Argentina stylee. At least,
  10. Why do you think that is, Sibley? Why is it possible to buy things so much more cheaply now than, say, six months ago? We're well past the January sales period, after all. And what does it mean to the retailer when he/she accepts less than half of the original price? Who absorbs the 'loss'? What likely effect is that going to have on the wages of the people who work in the shop, the amount of money the commercial landlord can charge, the number of shops able to stay open on reduced overheads, etc.?
  11. Imagine the result if Sybil13 and Eric Pebble should ever breed... SCARY!
  12. You think so? With a few exceptions those prices look pre-2005 to me, maybe pre-2004. I've only skimmed through, but those in areas I know seem lower than they would have been a year ago.
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