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About dryrot

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  1. Or should this be in the "biggest falls" thread? A "reduced" Chelsea house. (A snip at £3.9m, down from £4.5m :) )
  2. dryrot

    Centre Point “silly offers”

    Do they have to pay council tax on the empty flats? (Like a LL would, with void rents?)
  3. hi https://capx.co/the-proposal-that-could-solve-the-uks-housing-crisis/?omhide=true&utm_source=CapX+briefing&utm_campaign=23dadcc906-EMAIL_CAMPAIGN_2017_07_17_COPY_01&utm_medium=email&utm_term=0_b5017135a0-23dadcc906-241824445 Did any of the HPC Massiv enter? "This week on CapX we are publishing the winning entry and the runners-up for the Institute of Economic Affairs Breakthrough Prize. The prize, supported by entrepreneur Richard Koch, sought ideas for a “free market breakthrough” policy to solve the UK housing crisis. This year’s winner is Ben Clements, an analyst based in London, who proposed a new Land Purchase Act to free up land for people to build their own homes." [..] "This essay proposes the “Land Purchase Act”: a market-based policy that makes swathes of land available for people to build homes according to their own choice and preference. This policy has the potential to not only alleviate many of the problems in housing, but also serve as an example of what market-based policies could achieve for the wider housing market."
  4. https://order-order.com/2018/10/19/backdoor-eu-funding-losers-vote/ EU funded sock puppet organisations are taking to twitter to promote yet another coalescing of Britain’s most die hard, no doubt beret-clad remainiacs in the heart of metropolitan London. The Losers’ Peoples’ Vote campaign is holding another winge-a-thon walk through the capital tomorrow. European Alternatives was handed €300,000 by the EU
  5. I dont have a dog in the BTC fight,it was all a bit confusing to me anyway. But here's Roubini again: https://www.project-syndicate.org/commentary/blockchain-big-lie-by-nouriel-roubini-2018-10?a_la=english&a_d=5bc45c3a78b6c7572cc3c59a&a_m=&a_a=click&a_s=&a_p=%2Farchive&a_li=blockchain-big-lie-by-nouriel-roubini-2018-10&a_pa=&a_ps=&utm_source=CapX+briefing&utm_campaign=801d253d0e-EMAIL_CAMPAIGN_2017_07_17_COPY_02&utm_medium=email&utm_term=0_b5017135a0-801d253d0e-241824445 "No serious institution would ever allow its transactions to be verified by an anonymous cartel operating from the shadows of the world’s authoritarian kleptocracies. So it is no surprise that whenever “blockchain” has been piloted in a traditional setting, it has either been thrown in the trash bin or turned into a private permissioned database that is nothing more than an Excel spreadsheet or a database with a misleading name."
  6. I think the laundering issue is that, once you get the casino check, you have a receipt to prove you lawfully have the dosh. I'm sure a lot of the FOBTs in betting shops are used to launder money. If you make £1k in drugs, just spend it at the bookies' machine. You'll probably get £800-900 back, depending on the % take of the machine. But then you have a receipt for £800 which, should anyone ask, you can produce to show why you have the cash.
  7. Hi OK its ZH - so the solution, as to all life's problems, is to buy gold - but an interesting article nonetheless. https://www.zerohedge.com/news/2018-10-13/violence-public-anger-erupts-china-home-prices-slide "Fast forward to today, when Beijing may be starting to sweat because whereas Chinese property developers usually count on September and October to be their “gold and silver” months for sales, this year has turned out to be different. As the SCMP reports, not only were sales figures grim for September, but the seven-day national holiday last week also brought at least two "fangnao" incidents – when angry, and often violent, homeowners protest against price cuts offered by developers to new buyers. These protests are often directed at sales offices, with varying levels of intensity – from throwing rocks to holding banners and putting up funeral wreaths. The risk, of course, is that as what has gone up (wealth effect) will come down, and as home ownership has remained the most important channel of investment for urban households in China in the past decade, price cuts have become increasingly unacceptable and a cause for social unrest. Just last week, angry homeowners who paid full price for units at the Xinzhou Mansion residential project in Shangrao attacked the Country Garden sales office in eastern Jiangxi province last week, after finding out it had offered discounts to new buyers of up to 30%.
  8. All good stuff, though I noted: "Its members include Justin Welby, the archbishop of Canterbury [...] It calls for a “serious debate” about the level of taxes as a share of GDP, without recommending its own target, but it does say income and wealth should be “taxed in the same way”." It is intensely irritating to be lectured on taxes by the head of a church that has and continues to benefit from large-scale tax-free privileges. When is Welby going to volunteer that the CoE pays taxes?
  9. An hpc-er would have commented "Rent the baby out, sorted!"
  10. We're on the same side wrt HtB, and I don't want to prolong this thread, but dragging up stories from 80+ years ago is a bit much? I mean, what was The Guardian and the New York Times reporting on the Societ starvation and mass killings/show trials at that time?
  11. Sounds like virtue signalling to me. I accept Corbs is authentic - he has'nt changed since he was 18. But I waver at his support of Iran, and his one-sidedness on Ireland. He cant see both sides of an issue.
  12. And Gordon Brown's insane spending and HPI? The Tories (and LDs in coalition) had to fix it. I agree H2B was a dreadful policy, but who wants an HPC on their watch? The Tories under Thatch actually raised IRs and stopped HPI. Not that it did them any good at the ballot box. (Depressing, I know :))
  13. CAPX re-iterating the obvious: "Immoral, ineffective and dangerous – it’s time to get rid of Help to Buy" https://capx.co/immoral-ineffective-and-dangerous-its-time-to-get-rid-of-help-to-buy/?omhide=true&utm_source=CapX+briefing&utm_campaign=fd47e73083-EMAIL_CAMPAIGN_2017_07_17_COPY_02&utm_medium=email&utm_term=0_b5017135a0-fd47e73083-241824445 "Good news: it looks as though the Government is set to scrap Help to Buy. The programme was introduced in 2013 to help to get more people to be able to buy their own home. No sensible economist thought it was a good idea when it was introduced, with the general consensus that it would be at best ineffectual and at worst downright dangerous."
  14. Hi From the DM, of all places! http://www.thisismoney.co.uk/money/mortgageshome/article-6107805/Are-developers-inflating-prices-homes-sold-Help-Buy.html "Are developers inflating the prices of homes through Help To Buy? That's what these buyers believe after they were offered a 'luxury' £425k two-bed flat... that's almost as much as three-bed HOUSES nearby. Lee Gornall and fiancee Paige Augar are desperate to get on the housing ladder/They found a 762 sq ft two-bed flat for £425,000 available through the scheme/But just down the road a 1,330 sq ft three-bedroom house is up for £410,000" Lee and Paige, thankfully, did'nt take the offer, even after they were offered "cashback"... "Lee and Paige started to get cold feet when they tried to arrange a second viewing. The agent they had been dealing with at Kinleigh Folkard & Hayward said the company was no longer marketing the properties and advised the couple to contact the developer, the London housing association L&Q. When they told L&Q that they were worried about the price of the property, they were offered £13,500 cashback." Very critical article from the DM!
  15. While Italians show Britain Brexiteers are isolated (not). Lega tops the polls. Italy's national populist League -for the first time- tops the polls 8:07 AM - 18 Jun 2018

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