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Armitage Shanks

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About Armitage Shanks

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  1. "Another London agent - Marc von Grundherr, director of Benham and Reeves - says: “With such a severe lack of market activity, there was only ever going to be sharp declines and this turned 360 degrees overnight once the market did reopen."" Turned 360 degrees. 360 degrees. True, dat...?‍♂️
  2. Like most of the trougher politicians, Sajid Javid has vested interests and should not be in a position of authority where housing is concerned. He is a former Director of SA Capital (Sajid is the S in SA) and his brother Atif remains a Director (Atif is the A). Atif was my landlord a few years ago and remains balls-deep in the BTL game. He runs Intire Limited (formerly SA Lettings) which is registered at the same address as SA Capital. Here's the website. Is it any wonder Sajid Javid says "Seeking to prioritise one form of ownership over another was “a false choice”, he said. “The r
  3. You're right about the private school thing being a separate debate. I was 'fortunate' enough to attend private school which inevitably skews my perspective. The non-fee paying schools near me are underwhelming and adequate. Having toured them, it saddens me to think that my children might reach adulthood having never known anything 'better'. The schools feel like what they are - cogs in a much larger, under-resourced 'production line' which is intended to mass produce the drones who will keep the economy of the country viable and keep the elite in the lifestyle to which they have become accus
  4. There is no article. Shower thoughts is a subreddit for pithy, one-liner observations. In this case, the poster is drawing a parallel between being a millennial trying to buy a home in real life and how it's analogous to being nobbled at a game of Monopoly before you even get started. To me, it represents how inter-generational resentment at the housing cartel in the West is becoming a mainstream sentiment. This resentment is going to grow and grow. Not sure what image you're finding a bit much!
  5. https://www.reddit.com/r/Showerthoughts/comments/5k924z/being_a_millennial_is_like_joining_a_game_of/ Some rather dry, witty gallows humour, I thought...
  6. You're right - your journey has made you 'richer' in other, more unconventional, ways. You're happy with how things are panning out, which is more than can be said for many who 'own' their own homes (actually just own lots of debt in many cases) and are following the path that the MSM and conventional 'wisdom' would otherwise have you follow. Are you happy because of how things panned out or because you're the kind of person who is predisposed to achieving a desired outcome and would, accordingly, reach a satisfying conclusion anyway? I guess there's no way of knowing but you're happy with the
  7. I've reached 55% on my Kindle - it's interesting stuff (and I don't mean this as a criticism) but, so far, there's nothing that isn't really common sense. Earn more. Spend less. If you want a pay rise, you need to move jobs frequently. What's great is that you've actually gone out there and done it, ruthlessly, aggressively and passionately - we all pretty much 'get' the theory but we're all too caught up in our lives to be bold enough to 'game' the system. Essentially, you're escaping the rat race early by racing as fast as you can until you reach the point where you can bail out. On a m
  8. http://archive.is/b5qj3#selection-141.0-141.55 Corresponding reddit commentary here: https://www.reddit.com/r/dataisbeautiful/comments/5dt39y/millennial_home_ownership_shrinks_as_student_debt/
  9. http://www.calgaryherald.com/vancouver+slaps+year+empty+homes+about/12372683/story.html
  10. https://www.reddit.com/r/news/comments/54vpsx/chinese_billionaire_warns_that_real_estate_is_the/ I think the masses are really starting to get it now - the replies and discussions make for interesting reading...
  11. https://twitter.com/JulianDutton1/status/777930441345163264
  12. The true test of whether a 20% discount is truly being applied will be when a wily prospective buyer sends in their over-40 parents to agree a price for a house, only to then reveal that they were actually negotiating on behalf of their under-40 offspring and demand the 20% discount be applied. Is it trading standards who ensure that, say, sofa stores are 'honestly' applying discounts? If so, and I think I already know the answer to this, I wonder if they'll be policing the discounts on houses in the same way?
  13. I share your cynicism - nothing the establishment ever does is done for the greater good but I'm not so sure they've thought this through properly. Regardless of the sinister intention of those behind the policy, is it possible they have misjudged how it will play out in practice? Is it also possible we're so weary from seeing taxpayer-sponsored props that we're overlooking how this might play out? My simple mind, with no economics knowledge or training, is struggling to deduce the process by which this policy will make prices climb. What this effectively does is create 3 'tiers' of house. Ne
  14. Maybe I'm seeing this too simplistically but, contrary to adding more hot air to the bubble as people are suggesting, might this measure have the opposite effect of dragging prices down as prospective vendors find themselves having to drop prices to compete with the builder 2 miles down the road who can (theoretically) offer a taxpayer-subsidised 20% discount on a new-build?
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