Jump to content
House Price Crash Forum

lets get it right

Members
  • Posts

    5,611
  • Joined

  • Last visited

Posts posted by lets get it right

  1. It fits with his 'avoid increases' and 'avoid falls' by supporting the market with low rates today and will rise when house prices start to lift off again, dampening any increase.

    And if one thinks selflessly for a moment, this is the best outcome anyone could hope for given the mess Labour made of things.

    A house price crash now will cause a depression.

    A house price correction of 20% back in 2003 would have been no problem at all because relatively few people were up to their necks in debt then.

  2. Absolutely, she would never have spent that much money rescuing the lower orders ;)

    "But it went too far. If children have a problem, it is society that is at fault. There is no such thing as society. There is living tapestry of men and women and people and the beauty of that tapestry and the quality of our lives will depend upon how much each of us is prepared to take responsibility for ourselves and each of us prepared to turn round and help by our own efforts those who are unfortunate. And the worst things we have in life, in my view, are where children who are a great privilege and a trust—they are the fundamental great trust, but they do not ask to come into the world, we bring them into the world, they are a miracle, there is nothing like the miracle of life—we have these little innocents and the worst crime in life is when those children, who would naturally have the right to look to their parents for help, for comfort, not only just for the food and shelter but for the time, for the understanding, turn round and not only is that help not forthcoming, but they get either neglect or worse than that, cruelty."

    .....

    "This is why my foremost charity has always been the National Society for the Prevention of Cruelty to Children, because over a century ago when it was started, it was hoped that the need for it would dwindle to nothing and over a hundred years later the need for it is greater, because we now realise that the great problems in life are not those of housing and food and standard of living. When we have[fo 3] got all of those, when we have got reasonable housing when you compare us with other countries, when you have got a reasonable standard of living and you have got no-one who is hungry or need be hungry, when you have got an education system that teaches everyone—not as good as we would wish—you are left with what? You are left with the problems of human nature, and a child who has not had what we and many of your readers would regard as their birthright—a good home—it is those that we have to get out and help, and you know, it is not only a question of money as everyone will tell you; not your background in society. It is a question of human nature and for those children it is difficult to say:"You are responsible for your behaviour!" because they just have not had a chance and so I think that is one of the biggest problems and I think it is the greatest sin."

    Sounds like a right bitch eh?

  3. It seems to me that government intervention (heaven help us) will be needed.

    The main thing that is needed now is a big housebuilding program with houses being built specifically for FTBs - and no poxy flats either. Minimum 2 or 3 bed terraces with a decent size garden.

    These houses should be built for fixed prices and only sold to FTBs with a restrictive covenant on them that subsequent sales can only be to FTBs - no BTL investors to be allowed anywhere near.

    Doing this would, over a generation, bring the market back to reality - without a house price crash and depression.

  4. A study by the Chartered Management Institute (CMI), published today, has found nearly two fifths of managers (38pc) feel insecure in their jobs in the current climate, up from 32pc six months ago.

    So, in 6 months we have had a change of government and now have a government that say they are actually going to tackle the deficit and publish exactly how on October 20th and an extra 6% of managers now feel insecure in their jobs.

    Hold the front page eh?

  5. The thing is when in oppostion the Tories pretty much backed all the spending that was going on.....

    So what? It's political suicide to oppose spending on 'schools and hospitals and the police and ejucashun' - when there isn't a crisis on the go.

    And let's face, Gordon Brown had everyone convinced he knew what he was doing.

  6. I'm a dyed in the wool Tory boy but I'd concede that Millband had Cameron on the ropes today.. That said, any monkey could have done the same thing as it really is an unfair system they're proposing.

    It'll be interesting to see how it'll be covered in the media. I suspect ITV/CH4 will give a passing nod to it, whereas the BBC will run a whole feature on it.. The reverse wouldn't be true if it was new Tory leader.

    I don't know what is wrong with Cameron and his advisers. All he had to say is 'yes, it is not perfect, but it will work, it will save money and it is progressive. Unlike the party opposite we believe in implementing policies that will save money - not implement changes that cost more to administer than they save. The days of cloak and mirrors with numbers is over - it's not perfect but if the party opposite had not left the country up to its neck in debt, it wouldn't be necessary.'

  7. Does Grant Shapps actually get it?

    http://www.dailymail...o=feeds-newsxml

    Shame they are talking in terms of avoiding another boom and maintaining stability. What about unwinding the current ******ing mess?

    Unwinding the current mess unfortunately involves a recession - maybe even a depression. Even in my wildest dreams of a house price correction, I don't want a recession.

    Unwinding the current mess means, I am afraid, modest falls in house prices and stagnation for 20 years or more. In the meantime a priced out generation is going to have to wait for their parents to die.

  8. Divorcing couple, chap played away and has moved out, wife wants to stay there as long as possible while she finds another bloke, so has put it on at an unrealistic price. (Nap)

    Spot on I'd say. Went to look at one recently - want £475k for it. Couple divorcing. They (she?) turned down £450k from someone in a proceedable position.

    She was very pround of her house. Rattled on about the remote control gas fire and who fitted the kitchen etc. etc. I said to my wife as we left; 'she'll never move out of there unless it is repossessed.'

  9. I was made redundant twice in one year. The first time, in a big multinational, we were all called to a big meeting in a local church hall and there was a waffly, very vague presentation by the MD which left everyone a bit confused but fairly sure they had got the chop. Full details were given later in private interviews. The second time I was carpeted by the MD, given 2 months' payoff and a third if I agreed to leave the office immediatly. I said 'I'll get me coat' and left.

    I find it hard to believe that people didn't realise they were for the chop. In both my cases, it was clear it was coming for a long time.

    I knew times were tight in 1990 in the construction industry. Indeed I had taken an employed position eighteen months earlier for only the third time in my life to try to shelter from the recession in the industry. I thought I would be safe because, not to put too fine a point on it, most of the other people at my level were pretty useless. They employed me because I had freelanced for them for about 5 years, on and off, and they kept asking me to join.

    But, of course, last in - first out. And one fateful morning I found myself visited on site by two of the directors. We did the usual site tour and then adjourned to the offices for a cup of tea. 10 minutes later I was on my way home - paid until the end of next month, keep the car until then, sorry but times are hard blah, blah. That company went under about a year later.

    I drove home and arrived at about 11 o'clock. My wife was on the phone (old fashioned, it was fixed to the wall!). She was talking to her sister as I recall. She looked at me quizzically -a 'what are you doing home' look. I picked up my son's potty which was to hand and placed it on our coffee table. I removed my company tie, coiled it up and placed it in the said potty. I then (and I still think this was pretty cool) stood there, in the living room, whipped the old dapper out and urinated on it.

    I remember my wife saying to her sister, 'you'll never guess what he's doing'

    I vowed that day never to work for anyone again. I broke that promise to myself in the .dot com nonsense because someone offered me a shedload of money. I negotiated an 18 month minimum pay off and received it about a year later! Self employed ever since.

    Self employed for 32 of the last 40 years. If you don't work for them, they can't turn your life upside down.

  10. Guilty as charged..and proud of it.Child Benefit has shown the Tories real colours,they are just not prepared,despite the "We are all in this together" rhetoric to have the load shared between all socio-economic groups.

    What's that supposed to mean? They put the load firmly on the shoulders of their natural supporters - higher rate taxpayers - and you still slag them off?

    Personnally I'm willing to forego child benefit - my youngest will be too old for it by 2013. :rolleyes:

  11. The Labour Party is committed to making cuts, but with the objective of minimising their effects.

    Care to elaborate?

    What cuts would the Labour party make?

    What cuts did they say they would make in the run up to the election?

    What would they do if the capital markets lost faith in their pretend cuts and refused to finance their borrowing and spending? (Answer, jack up interest rates dramatically)

    Bit of a cunning stunt to minimise the effects of cuts. Perhaps they would have achieved this by not making cuts.

    Even at their most frank, they only suggested they would cut the deficit by 50% over 4 years. So, even after 4 years we would still be borrowing £80 billion a year. There was no mention, ever, of getting the deficit down to zero and beginning to repay the debt which, NOW, we are paying 43 thousand million pounds interest a year on and which, by the time Labour had halved the deficit after 4 years (5 years actually because they didn't plan to start for a year), we would have another 560 thousand million pounds to pay back, on which we would be paying another 20 thousand million pounds a year in interest.

    Answer me something ... from the Labour party's point of view, is there any ceiling in place regarding either the total amount they would be prepared to borrow or how much interest they would be prepared to pay?

    When would they stop - when the debt interest reached 100 billion a year? WHEN?

    You do realise your grandchildren will be repaying the debts Gordon Brown took on. Forget the deficit, think about the debt itself - estimated (conservatively) at best part of a trillion.

    £1,000,000,000,000

    What's the maximum practical level at which this debt could be repaid? £20 billion a year? That will take 50 years. At £10 billion which seems more realistic to me, it will take a 100 years to repay. Which means that my unborn grandchildren will be paying back that debt ALL THEIR LIVES. I'm sure they'll be eternally grateful that Gordon Brown and the rest of the New Labour feckwits 'did the right thing' .

  12. Wow. Look at the default picture - railings along the road to the left - which indicates a path immediately adjacent to the property. I'd see those and wouldn't even follow up with an attempt to find the property on Street View and see what was actually there - railings like that are never a good sign.

    Pedestrian crossing?

  13. Is there a way of seeing which threads you have posted on?

    I asked the other day and someone pointed out a tiny icon next to your name - but you have to be looking at a thread you have posted in first.

    I quite often post, disappear for a few hours to do some work, come back and think 'which thread was it I posted on'. There used to be 'see my last 10 posts' link that was easily accessible. Surely the most essential element in a forum is the ability to find your last post(s).

    Am I missing something?

  14. As an American now living in the UK (my husband is British, I got my own British passport in 2007), I can say with some experience that while it is cheaper in many respects in the USA, the OVERALL standard of living is MUCH better here.

    We moved here from Seattle (so I have experience with WA State). Its an amazing part of the country. Its beautiful. But the US is in some serious s**t!

    I mean we moved back to the UK by choice (financially we were probably better off in America). But we didn't want to raise our son in that environment. Its not just the economy (although that is a big factor). Its the social problems, the media, the fact that religion plays such a key role in politics (not far off from many Muslim nations).

    I think America lost its way a few decades back. I recall the first time I was in Europe (I studied in France for a semester in high school back in the mid 80's), and as an American you were placed on a pedestal. Now most Europeans seem to almost feel sorry for Americans. They certainly don't have much respect for them any longer.

    Has anyone here read the book, The Spirit Level, (why more equal societies almost always do better). Basically the US is the MOST unequal nation in the developed world. The middle class is shrinking at a staggering rate. I think the get rich at any cost ideology is toxic. Let's face it, once you decimate your middle class, you become a Third World nation...

    I remember being surprised some years ago on amy first visit to my wife's parents in Florida. We hired a car and managed to get lost. We found ourselves in one of those awful 'trailer trash' (what an ugly expression that is) places which looked like something out of the Grapes of Wrath. What surprised me was the obvious deprivation (the place was a dump), the fact that it was within half a mile of 'tourist USA' and the fact that, from what I could see as I hastily turned the car round and headed out, every face in there was black.

    As I drove away I thought 'feck me, you could visit Florida, do all the Disney and Everglades crap, and have no idea of the poverty just under the surface.'

    I have never understood America. The constitution is brilliant. It all started out with such promise - yet there is some bloody rule in place (everywhere in the world) that some people will get rich and grab the power and will defend themselves by creating laws and a police force that the rest of us meekly obey.

    It's actually quite weird really. Especially in these days of mass communication.

  15. Travelling through Arizona a few years back and stayed at a motel where the manager was a Navajo working his way through Uni. We got into an interesting conversation. He was of the view that it is a myth that the original inhabitants of North America were "Indians." His studies demonstrated that what is now know as the US was invaded around 1500-1200BC by Middle Eastern Asians who had spread out along the trade routes that eventually took them accross the Alutians down into North America. Their true homeland was, in effect, Mesopotamia.

    So, people from the area now known as Iraq settled what is now known as the USA 2500 years ago, and the people of the USA have recently been back to their homeland and bombed the sh!te out of it.

    Those Yanks eh! We took the place over a few hundred years ago and they ended up fighting us too. Seems, sooner or later, they'll fight anyone who had a hand in settling there. The Irish should be very worried.

  16. I think Ed Miliband's done very well so far. He's moved extremely quickly to put his own stamp on the party and seems very sure of himself. Certainly not panicking like William Hague did in 1997 when he picked Cecil Parkinson :lol: as his deputy.

    Labour are already ahead in most polls.

    He's ditched most of Labour's unpopular baggage.

    He's had some very well received media appearances.

    Alan Johnson is by far the best choice to counter George Osborne and it also helps nullify claims of a lurch to the left. Ed Balls should duff up Thersea May as he has with Michael Gove.

    If you ignore the predictable sour grapes from the remaining uber Blairites then I can't see how it could have gone better for him since taking over.

    You and I live on different planets.

    I think that people are really beginning to understand that Labour massively f u c k ed up when they were in Government.

    All Labour have to say is 'we shouldn't cut this, we shouldn't cut that' - thank heavens they never got back in power. The deficit would NEVER have been tackled under them. It would have ended up in a bond crisis and 10% interest rates and a depression.

    This country has had a lucky escape.

  17. Johnson is not up the calibre required of shadow chancellor atall. Neither is Balls up to being home secretary. His wife (Yvette Cooper) is the better speaker, but uses so many false premises to make her point, it is hard to imagine her dealing with any foreign policy issue.

    Hard to believe that this cabal of also rans used to be Home Secretary, Education Secretary and Chief Secretary to the Treasury.

    The mind boggles. Now they seem to be where they belong, in opposition - just pretending to be politicians. Because that's all they are, pretend politicians.

  18. Am I? Crickey, I feel okay. I'll have to lay of the Ribenna

    Come on! Seriously, she is an idiot. One of the left wing loonies that think money grows on trees and that anyone who works their nuts off to earn a living must immediately hand over most of their money for the state to spend on people who refuse to work - or on paying civil servants 100k a year.

    She really is beyond the pale.

  19. oh yeah....dear Mr illegal immigrant...please fill in this form or you will be commiting the serious offence of...failing to tell the government you are here.

    My wife looked at the recruitment web site - she looked at the job spec for some sort of area organiser which (I think) involved supervising a team of people and was full of bluff and bluster about how important and responsible the position is. The job description sounded as though previous experience in a senior management role was the minimum requirement. After reading the job spec you thought 'wow, they don't want much' ... especially when (as far as I can remember) the salary was about £10 an hour.

    It's part time and short term - after listening to the job spec I expected the hourly rate to be nearer £20 an hour than £10.

  20. Take the blinkers off for a minute. Every Government ends in disaster. That's why they get voted out.

    I don't think that's true - blinkers on or off. I'm a natural leftie by the way. Just can't stomach the Labour party.

    In 1997 the Tories lost largely because people were sick to death of them. And, to be fair, they fecked up badly too. De-regulating credit, allowing a house price boom which ended in a crash and a recession.

    I can't recall Labour getting into power and having to clear up an economic mess left by the Tories.

    What I can't forgive Labour for is Brown - 'I will not allow a house price boom to put at risk the sustainability of the recovery' and then allowing a house price boom which has pretty much destroyed the prospects of this country, and in particular its young people, for a generation.

    You (if you're young) will still be paying off Labour's debts in 30 years time - and you'll be paying my generation's pensions and care costs - and you'll be servicing a massive mortgage.

    If you're happy with that, and happy with your children paying off my generation's debts, fine - vote them in again in 5 years and let them do it all over again.

  21. Warsi is giving it out - audience liking a lot of it too. Surprising considering early comments!

    Definite shades of Mrs. T there.

    Nice to hear someone giving it straight.

    When challenged about the fact that there was no mention pre-election of the child benefit change - she waffled about not knowing how much of a mess we were in. She got that wrong. We all knew how much of a mess we were in but the Greek crisis at the time of the election made it clear the markets wanted clarity - not the bluff, bluster and bullsh!te that Labour were coming out with.

    She should have said; "We got sucked in to playing a daft game because the Labour Government refused to give any indication what they would cut and how they would deal with THEIR debt crisis. Their actions were shameless - they simply refused to say anything and lied through their teeth about their failure to have the normal spending review. They hoped the British people were stupid enough to fall for their attempt to bluff it out - but, fortunately, they weren't. We couldn't give a long list of things we would HAVE to cut because Labour kept pretending there wouldn't be any cuts. Blame Labour and Labour spin - you're getting it straight from us now. We're in massive debt - and we've got to get out of it for everyone's sake.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.