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House Price Crash Forum


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Everything posted by @contradevian

  1. For those that haven't actually "earned" anything (thanks to good fortune) everything is cheap.
  2. Deliberate incompetence so it can provide the political justification for 'rentierisation' For example we are about to loose our HRI here in Huddersfield. The plan is to rent an old mill for £0.5M a year. It doesn't need to rent anything, it already has a site. The main function of the NHS seems to be to bail out Tory donors and PFI participants!
  3. I believe the BoE pension fund dumped equities and suddenly bought inflation proofed gilts, not available to ordinary mortals
  4. But the governing rentier/banking party is 14 points in the lead, in opinion polls even though it could implode over Brexit. Hmm
  5. I've given up listening to and reading this crap to be honest. Get real, this is the UK. Nothing will change
  6. Exactly. BI needs to funded from the "single tax" of LVT.
  7. Bank levy was too high once they lost their drug money laundering gig. So it gets cut. A job for George when his political career is over.
  8. crushing burden of wealthy overweight boomers, wanting to renew their aspirin prescriptions more likely
  9. Not a problem where I am living. Social rents about equal market rents for one bedrooms. Social rent is now £71 pw. The BTL's rented in my block are £30-40 a month more. Not much considering the landlords are leaseholders having to pay a service charge to the Council (unsure what that is). Might be worth staying and paying a small premium if need be for the benefit of a secure tenancy. Also unless I'm mistaken this applies to new tenancies? Don't recall being notified of a change to the tenancy agreement, which I regard as a binding contract.
  10. Doesn't really matter what we think. Probably worth it for the land value alone, and its magical economic rent capturing properties.
  11. Always said I'd retire at 20,000 posts. Though I've eased off lately. After been wrong for so many years, what more is there to say? Wonder how Realistbear is doing these days
  12. Its who gets the printed loot though. They only print it for themselves. Corrupt elite that prints its own cash, or borrows it at minimal cost
  13. ONS data is persistently leaked. Even today as the data on unemployment etc was in line with expectations there were no major movements in price. It must be a nice little earner for the journalists with early access to the info, and a little IG account somewhere in the wifey's name (I'm jesting as the big players are needed to move price)
  14. Already exists. The 'home owner' could have put their properties on tripadvisor as holiday/serviced apartment lets. Rents would be even higher, but I assume the home owner wanted security of income whilst he was away. That is basically the purpose of an AST. The claim is that it provides the tenant with security of tenure (when it does not) in reality it guarantee's the rentiers cash flow for the term, for the tenant is liable if he leaves within the term. Cake and eat it, spring to mind
  15. Homeowners are getting a ginormous "tax credit" via HPI Were it not for HPI think we would be seeing a lot more strikes and 70's style dispruption. For example the Junior Doctors. Well paid relative to most of population but many will be struggling to get on the property ladder to claim their 'tax rebate' in the form of HPI For the renter serf's there is always Wonga
  16. Well I don't really qualify for social housing at all. Apart from having a family connection to the area. But like the lottery really but occassionally you get lucky. A property comes up. the LA rattle through the list, ex-cons, probationers, pill poppers, people with ADD, druggies etc and they sniff and turn their noses up because they aren't decorated, or too far from the bookies, or the lottery winners haven't got their phone's turned on so the ALMO staff rattle further down the list and get to people at the bottom of the pile. They are not allowed to keep them empty for long as it looks bad. There is a high rise near where I live, and virtually anyone will get an offer eventually. Very high turnover despite a secure tenancy, and very little competition. Bit of a poisoned chalise though as I doubt if many would want even if they were offered it.
  17. Attention Deficit Disorder I think. Worth a few social housing points
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