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lets get it right

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Everything posted by lets get it right

  1. Everything was falling nicely into place in 2004 and into 2005. If I remember correctly 5 base rate rises took rates from their post 9/11 low of 3.5% to 4.75%. Throughout 2004 the brakes went on and, finally, in 2005 falls started to happen properly. I know of properties near me that sold in 2005 for 100k less than their original asking price in 2004. But then the pillocks in the BOE decided that we were perilously close to a recession - remember all the hoo-hah in the press about falling consumer spending - don't forget our economy is kept afloat on constant borrowing - and they dropped interest rates in August 2005 to 4.5%. My observation is that nothing happened up until Christmas 2005 but the minute 2006 started - it was as if someone took the cork out of the bottle. Houses that had been on the market for a year sold at full asking price and a big backlog of properties all got sold in the first few months of 2006. The three recent rate rises are just beginning to bite (I think). I notice lots of property now seems to be sticking. My comments are London and South-East centric - and ignore the nutty Central London market where even ordinary houses now cost quite unbelievable sums of money. Sums that are completely disconnected from the mainstream economy.
  2. It seems clear to me that she has never attended an Inside Track seminar. She should have bunged them 10k and they would have sorted everything out, and, she would now own half the earth and be one of the growing band of multi-trillionaires.
  3. Yes it is wonderful to live in a civilized country like the UK. Surely we should be justly proud of the fact that we have over 4 million people living on benefits. Apparently, we have 1 million unemployed so, presumably, the other 3 million must be too ill to seek work. 3 million out of 60 million - it means that 1 person in 20 is ill enough to be unable to work and on benefits. What a wonderful country this is - 1 person in 20 constantly sick and the people that do work are happy to pay enough tax to support not only the poor, sick people but also the huge state bureaucracy necessary to administer the payment of the benefits. We are twice blessed.
  4. Surely that is very dangerous reporting FACTS that 99.9% of the population would not believe were possible. How can you sleep at night when you could be responsible for widespread bewilderment and disillusion. Take away people's belief in God property, and what do they have left?
  5. I know someone recently threatened by bailiffs for recovery of a limited company debt. They informed her they would come to her flat, force entry and remove everything and, when she protested that no company assets were in her flat, they told her that that was her problem - they'd remove everything and it was up to her to claim to get things back. She asked the court for support i.e. some sort of reaassurance that the bailiffs did not have this power - and she got nowhere. The bailiff service has been sort of privatised as far as I can make out and they can do what they please. Bit worrying really. I didn't realise we lived in the wild West. But, of course, all those living on credit and taking out massive mortgages to move up the property ladder should be aware that when the nice banker wants his interest, and you can't pay, then he turns very nasty indeed. I think a lot of people are under the illusion they are benevolent societies.
  6. Absolutely. It's one of the eight parts of speech. A noun is the name of a person, place or thing. A pronoun stands in place of a noun. An adjective describes a noun. A verb expresses an action or state of being. An adverb limits a verb. A preposition shows a relationship between one word and another. A conjunction is a joining word. An interjection or exclamation - expresses surprise or emotion.
  7. Apologies if this has already been reported. There was an article in the Money section of The Guardian on Saturday describing the experiences of attending an Inside Track seminar. It made it clear that Inside Track is for gullible fools. Article on Inside Track
  8. I think the guy hosting it missed some fairly obvious tricks. The twerp from Savills said something like 'Country houses in the Home Counties are being bid up by city shysters with millions in bonuses to spend - and that this will pull the rest of the market up.' The obvious response would have been 'How does a city banker with a £2 million bonus bidding up a country house from £4m to 6m have any effect WHATSOEVER on a bloke earning 30k who would like to move up from his 300k house to a 400k house.? How is that guy suddenly going to be able to afford a mortgage that much bigger? It's a simple fact that country houses are very often bought for cash, or on bridging loans, and, therefore, have no connection AT ALL with the property market for mere mortals. He also let the BTL tossers off the hook. A simple question would have been 'Can you buy ANY property NOW whose rent will cover the mortgage - YES or NO? They virtually admitted that but he let it slip. He mentioned the BTL oversupply in Liverpool and Nottingham etc but they just wriggled out of it by saying 'You have to be careful where you buy.' If the guy hosting it (who clearly expects a correction if not a crash) had been a bit more forthright, the whole program could have been a lot more positive.
  9. Pity, shame you don't ask your members if they are interested - can make it. I can spout the HPC mantra in my sleep.
  10. We're all doomed anyway. The only question is - are we doomed to living in rented accommodation all our lives because of the greed of the middle class BTL [email protected]?
  11. On Monday Saturn is in conjunction with Uranus. Enough said.
  12. Ever thought about becoming an employer? Ever thought about what am employer might be having to address? Like falling margins, increased competition, falling orders. We live in a capitalist 'every firm for himself' economy. Every day someone is offering to do your company's work cheaper and (possibly) better. So, what do you do? Carry on paying someone 50k a year until the business goes broke? Or try to salvage the situation by cutting costs? People who are employees make me smile. They seem to have no idea how much business you have to do - i.e. how much revenue you have to generate - to make a profit of £60k to employ someone on 50k. If your business works on say a 10% profit margin, you have to 600k worth of business just to pay that one person. And that is without making a profit or allowing for re-investment etc. If you don't like being an employee, work for yourself - and find out what hard work is really all about.
  13. Absolutely. When everything else is turning sour, property will become a safe haven.
  14. No, you only have to be 5 to attend an Inside Track seminar. In fact a Mental Age of over 16 disqualifies you.
  15. Totally wrong. If every FTB banded together on the web site www.firsttimebuyersunite.co.uk and made a collective decision not to buy property for say 12 months - you will get your crash in 6 months. I worry about people like you. Nothing you can do about slavery, nothing you can do about female emancipation, nothing you can do about kids going up chimneys, nothing you can do about a generation priced out by greedy property investors. Actually, there is something you can do about every situation. But it involves not being a defeatist.
  16. If you paid cleaners £25k a year you could employ 40000 of them for a year for a billion. So for 9 billion you could employ 40000 cleaners for 9 years. Would this be enough to give our hospitals a good scrub to get rid of MRSA and C-difficile?
  17. It's not tragic. Unless society somehow changes so people help each other and everyone gets a fair chance to have a decent life, it is human nature to want a way out and up. And 99% of the population think multiple property ownership is their ticket to security.
  18. And the present government have what, precisely, to do with Socialism - watered down or otherwise? No system is perfect but one with starts with the concept that the market will decide all and provide for all is an inevitable recipe for a society of haves and have nots. At least one that starts with the idea that there should be equality of opportunity for all has a reasonable basis although, heaven knows, no-one seems to have managed to get it work on any sort of large scale to date.
  19. [quote name='Leodhasach' date='Feb 22 2007, 10:29 AM' post='560197' Everything else in the country is pretty much the same as if the Tories had continued in office. Wrong. If the Tories had continued in office we would not have best part of a million more people working in the public sector. People whose wages and pensions we will be paying for generations. People that it will take a generation to get out of the public sector and back into the productive part of the economy. We would not have had Gordon Brown's 5 billion a year raid on our pensions. We would not have unlimited immigration depressing wages. We would not have seen the absurd growth of M3 and M4 money. We would not have had the slow but certain dismantling of our democracy as, for example, 70% of jobs in the North East are now in the public sector. Turkeys will never vote for Christmas. We would not have had levels of corruption never seen before. We would not have had income tax personal allowances frozen for 10 years which means every tax payer is paying a lot more tax. We would not have had a government that, over the last 10 years, has increased total tax revenues from 47 billion to 167 billion. We would not have had a government that would allow personal indebtedness to spiral. It took hundreds of years for borrowing to reach 650 billion. It took this lot 10 years for it to double to 1.3 trillion. We would not have had a government that has basically introduced one new law for every day of its (almost) 10 years in office. They say 'ignorance of the law is no excuse' - how could anyone keep up with this legislation mad bunch of fools. The Tories were not perfect. But this lot are the worst thing any government can be - plain incompetent.
  20. I thought the Jan rise would do it - and create similar conditions to the beginning of 2004. Taking my son to school after Christmas I noticed a block of flats with 5 For Sale signs outside. Ahh, now we'll see some fun I thought. If you were in the market to buy, you'd look at all 5 flats and knock the price down to find the most desperate seller. Taking him to school this morning - there are 4 Sold signs up now. The vendor of the fifth flat is obviously not going to sell for less than they think the other four got. So, any downward pressure on prices seems to have evaporated. People still seem to be finding the money somehow.
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