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Timbuk3

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About Timbuk3

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  1. Timbuk3

    Australia Faces Its Demons

    https://www.news.com.au/finance/real-estate/buying/sydney-man-reveals-key-to-buying-four-properties-in-just-four-years/news-story/f68798d118abd64ab15c29193bed7850 And yet the very same web site is still promoting the dream with articles like the one above. They should do a follow up in 5 years time to see what happens. PS. Having to choose between having a social life or having somewhere to live shouldn't be something young people have to do.
  2. Timbuk3

    Australia Faces Its Demons

    www.news.com.au/finance/business/banking/it-is-worse-than-being-back-to-square-one-westpac-hit-with-class-action-over-irresponsible-lending/news-story/6b3d4058db96c442c05ae0e2112f32c6. And so it starts. Some really good quktes in here and pictures of tearful ladies. I really don't believe that the borrowers didn't understand what they were getting in to.
  3. The interest is generally front loaded so that in the first 5 years you pay mostly interest and very little capital. Therefore your accrued equity would not be as high as you state.
  4. Timbuk3

    Biggest fall in RPI since Jan 2009

    To prepare for interest rate cuts, more QE.
  5. Timbuk3

    Estate agents face bleak times....

    Not much humanity from EA when they are rinsing every last penny out of you so they can by a new X6. Still, another 120 empty shops on the high st will only add to the sense that the economy is going down the pan.
  6. Another 113 shops going to be standing empty. High St is shrinking so much.
  7. www.theguardian.com/business/2019/jan/26/small-supermarket-wales-owned-surrey-casino-property. Councils being lent money by central government to invest in commercial property. Meanwhile central government pursues hard brexit which may crash property prices by up to 70%. Perfidious Albion.
  8. https://www.theguardian.com/politics/2019/jan/23/sadiq-khan-makes-rent-control-key-plank-of-mayor-re-election-bid Rent controls - a vote winner in London
  9. https://www.theguardian.com/business/2019/jan/17/scottish-shopping-centre-sale-postings-kirkcaldy I call retail property is the next black swan. This is just the start of it, there will be more. British banks up to their eyes in lending to investors in retail parks. Only the highest quality retail property will survive, the rest will be re-purposed for something else.
  10. http://www.msn.com/en-gb/money/companies/jack-wills-lenders-draft-in-ey-amid-retail-strain/ar-BBSgLPb?ocid=ientp Jack on the Rack. Jack Wills is struggling to sell lots of overpriced preppy toot.
  11. Mothercare has to be a good contender. I ordered a load of stuff online and it arrived over a period of 3 weeks. 3 different deliveries. Must cost extra to do that. One thing never turned up at all. Kept calling back after about 6 months they cancelled the order. Duh.
  12. Yeah, those mean old people at the Gambling Commission stopping us lining our pockets. Clearly don't realise that their house just isn't worth that much.
  13. Seems like this route to sell your house is not legal. lol. https://www.theguardian.com/uk-news/2019/jan/03/couple-forced-to-close-raffle-for-their-500000-north-yorkshire-home
  14. Timbuk3

    Australia Faces Its Demons

    Its also in the Guardian this morning.
  15. Timbuk3

    What/who will collapse first in 2018

    Is it too soon for a WHO/WHAT WILL COLLAPSE FIRST IN 2019 thread ?
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