Timbuk3

Clearly he has some sort of mental illness. A house price mania. Even if he does get it finished he still has to sell at the right price to get the money back to clear his borrowings. He'll probably end up with about £20.

Always was, and always will be.

I agree with what you are saying, this is just the sort of way all these people think.

Could be calling an early General election. say May 2022. Boris might be gone by then, judging by the start of a campaign to get him out. Then they'd be in power until 2027 at least, with even more right wing cabinet.

Not in the U.S. it doesn't. Wouldn't surprise me if this is what the current Government are aiming to have in this country. i.e. big corporate investors working in a similar way : https://www.reuters.com/world/us/special-report-giant-us-landlords-pursue-evictions-despite-cdc-ban-2021-04-23/

In reality this has been happening for a long time already. When in 2014 Hereford council wanted to redevelop the cattle market into a retail and leisure centre they had to pay for Debenhams & Waitrose to take the two biggest units so that they would sign up. If they didn't then the developers would not have started to build. This is common practice by big chain companies. The council will reduce council tax as well for a number of years, they make the money on the smaller units that are leased out to smaller companies and also on the parking at the location.

We are all going to be Gnomeless soon. https://www.theguardian.com/lifeandstyle/2021/apr/16/garden-gnomes-running-out-in-uk-as-garden-centres-business-booms

No Gnomes seen for 6 months. Gnome price inflation ahead. https://www.theguardian.com/lifeandstyle/2021/apr/16/garden-gnomes-running-out-in-uk-as-garden-centres-business-booms

Thanks for posting the full article. I can't help feeling this is similar to the end of dual MIRAS in 1988 with a mad rush to buy anything before the deadline in order to save a few thousand on Stamp Duty. That didn't end very well, although it took a while for the impact to be felt and also interest rates were rising at that time, which isn't happening at the moment (although inflation is expected to pick up over the next year). Anything could happen.

According to the Telegraph today, house prices are set to Rocket due to shortage. I can't post article as its behind the paywall. Maybe that will happen but I do think the end of stamp duty holiday will cause prices to drop back a bit. Assuming the holiday does end and isn't prolonged again.

Good one

And yet she is in line for an aware for "" LIFESTYLE"" podcast of the year from Society of Editors. Guess her lifestyle of borrowing far in excess of what she could afford and buying property makes her qualified to tell everyone how great it is. https://www.inpublishing.co.uk/articles/soe-press-awards-2020-shortlists-announced-18298

It's Tory levelling up. Retailers in the North can close as many shops as retailers in the South. Quits.

Agree, unforseen consequence of NIRP. Chasing yield to try and keep above water.

Not just UK councils that have been investing in dodgy schemes. Turns out some German councils have put a lot of money into Greensill Capital Bank. Now not like;y to get their money back. https://www.dw.com/en/german-town-fears-huge-loss-on-greensill-bank-investment/a-56777333