Timbuk3
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Posts posted by Timbuk3
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On 10/09/2020 at 12:24, TheCountOfNowhere said:
He should be in prison
Yes, together with Fred Goodwin.
Yet in todays Guardian Gordon Brown is telling everyone how he saved the world.
Seems to be saying that inflation is the answer - Mugabe Mark 2.
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It seems that this division of a building firm was looking at affordable housing and has decided there's not enough profit in it and the resources are better spent elsewhere, so the parent has folded it. Goes to show the attitude to affordable housing.
https://news.commercialpeople.com/new-homebuilder-starfish-commercial-enters-liquidation-7825/
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6 minutes ago, Saving For a Space Ship said:
UK retailers hit by first weekly fall in shoppers since Covid lockdown
https://www.theguardian.com/business/2020/sep/14/uk-retailers-fall-in-shoppers-covid-lockdown
And 3rd Quarter rents are due soon. More insolvencies on the high street.
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Saw this and laughed. When you think about the multiples people in the UK are buying it makes the article seem almost ridiculous.
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On 09/09/2020 at 21:28, Gigantic Purple Slug said:
They've been saying this for at least 10 years. Boris said it as mayor and yet "
But the definition of affordable housing was broadened in 2011, with the inclusion of affordable-rent housing, so the figures are not directly comparable.
He also reduced the target for affordable housing in 2011 from an average of 23,300 a year to 13,200 a year."
He just changed the definition of affordable - old trick
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5 hours ago, highcontrast said:
"Britain’s housing market has become “too big to fail” because of the government’s exposure through Help to Buy, an industry veteran has claimed.
Greg Fitzgerald, chief executive of Vistry, the housebuilder formerly known as Bovis Homes, said the next housing market downturn would differ from previous crashes because the government would have to explain the loss on its investment to voters.
https://www.thetimes.co.uk/article/help-to-buy-makes-market-too-big-to-fail-0pslfs7mx
They said the same about Lehmans, except it wasn't.
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14 hours ago, satsuma said:
That’s been happening for years to the UK, the only difference is the old gal was getting high end Russians and Chinese, the old girl is now toothless and sadly the next few years will not be kind
"England hangs off the map, half scrounger, half whore" some play or other.
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2 hours ago, Si1 said:
I'm the past yes. But now the benefits system stops paying out extra after kid number 2.
Only for the Mother. If I have two women on the go and both have two kids then all 4 kids are eligible to receive child benefit. Not that I would do this, that would be mad.
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11 hours ago, Rian1988 said:
https://www.mumsnet.com/Talk/property/4016652-Is-our-estate-agent-useless-or-is-it-the-flat
Here we go again... overpriced flat and the usual suspects suggest hanging up a new shower curtain 🤣
Is that a second bedroom or just a storage cupboard, hard to tell. Carpet looks like the floor of a pub on Sunday morning.
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So Stamp duty saving just been added to the price by sellers. When stamp duty saving disappears prices will drop again by same amount - in my view.
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Trafford centre up for sale. Intu asset sale starts and so does price discovery for all commercial property. If the price of this sale goes through -20% as stated then all other similar assets will have to be marked down in value by a similar amount. Hence likes of British Land start to decrease their holdings etc, more people want to withdraw their investment and so becomes a vicious spiral of downward valuations.
And of course the councils that have invested in the like will start to realise they have been sold a dooby.
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Bojo begging people to go back to the office - in The Sun. I imagine not many office workers read the Sun. More likely to be the Metro on the train in. But no one in my office is back in. They said it was voluntary, so about 5 people turned up out of 300. With the weather as it is no one is going in. Besides, the whole wfh thing proved we don't need to spend hours commuting and £400 a month to sit on a crowded train. No one is going back to that. Mass transport is over.
https://www.thesun.co.uk/news/12334881/boris-johnson-get-back-to-office-on-monday/
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With recent announcements from M&co, William Hill, Pizza Express, etc about the hundreds of shops they are closing. Plus Disney just announced they are doing direct release to streaming services - i.e. no need for big cinema complexes, paying £8 for popcorn, etc. Just watch it at home.
Will this be final death knell for the high st ? There are just too many shops in this country, no one needs them.
I guess they will be converted to housing or other things.
But, the local councils are left holding the bill.
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1 hour ago, Hullabaloo82 said:
My guess would be massage parlour. Right sort of location, just off the Holloway Road. The glass floor room as you point out has the air of a waiting room.
The finish looks glossy in the photos but look a bit closer and all the furniture looks like Ikea or similar type stuff.
I'm told the bottom fell out of the market for that type of sex work and a lot of it shifted online. Looks like this has been hastily converted to a flat to get it shifted. Surely nobody in their right mind would pay £1.2m for that as a residential property though?
I'm told the bottom fell out of the market for that type of sex work ?great pun
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28 minutes ago, house-down said:
This must have been a brothel which is now bankrupt
I think you're right, look for hidden cameras in the bedroom.!!
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Half a million quid to live in Stratford. FFS.. no thanks.
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2 hours ago, spyguy said:
In a press release announcing his split from the Conservatives, Harvey said: “Our renowned investment strategies have re-invigorated Spelthorne finances.”
Theres no 'invigorated' in 'reamed'.
massive lol
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2 hours ago, richmondtw said:
This was obvious. Central Govt will also cut funding due to the amount they have spent in this situation.
People who are unemployed will not have to pay the full council tax level which will also reduce income. Shops and restaurants will close reducing rate income.
People are going out less so not using council car parks reducing income.
It never ceases to amaze me and make me chuckle when some people rub their hands with glee at the thought of a major economic disaster.
They seem bizarrely to think that they will be immune from any such situation.
It's the sheer audacity of these people that leaves me gobsmacked. For sure the council tax rates will rise to pay for it, but the people who instigate it walk away scott free or worse with a lump sum pay off. They should be prosecuted and thrown in prison as an example so that next time some lunatic comes up with an idea like that then they think twice about it. Iceland had the right idea to treat their bankers after the last GFC, we just gave Fred the shred a gold plated pay off. I wish people in this country would protest more about the accountability of these people.
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Those BS jobs have been around for decades, just ask Reggie.
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Never trust a Tory
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1 hour ago, hpcnnh said:
So it's still "growth" then.
Its the old negative growth spin again.
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Intu the valley, intu hit the Skids, it was predicted.
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2 hours ago, TheCountOfNowhere said:
Fixed
It's not looking good for them. The wider impact though is that other retail property funds and ETF's etc, some of which have blocked clients from withdrawing money for a long time now, will be affected substantially. If INTU gets sold off, as is looking likely, this will re-value all of the market in UK retail. Assuming that as it will be a fire-sale then the prices will be low and will drag down the price for all the market, thus the funds, ETF's will also keep falling, and becomes a downward spiral. Bit like Bear Stearns in 2008 affected the rest of the US property market.
Furlough ends, Mass unemployment begins?
in House prices and the economy
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And that was what Brexit meant to most of the people who voted for it. Nothing to do with trade deals.