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House Price Crash Forum

@contradevian

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Everything posted by @contradevian

  1. trashingdays - you now owe me for a new laptop after me spilling tea over mine laughing at this property! I'm sure we will laugh even more after the crash at these ludicrous prices asked for these rubbish properties. In fact I think Endermol etc.. (whoever makes all this daytime property porn/trash on tv) is missing a trick here. There ought to be a contest on telly to truly find "The Most Overpriced Sh*thole of the Year." Hosted by Sarah Beeny and some out of work designer from "Changing Rooms."
  2. Well there you have hit the nail on the head. When I bought my first house in 1981 (for about £11k - prices rising strongly) I certainly wasn't rich. I was a trainee accountant on around £3.5-4k a year. In fact none of the people in the street were wealthy by any standard. Most had routine factory/office jobs if they weren't retired. Now it would require a professional couple with two professional incomes to buy the same house (those same properties now are worth £180k). That is a measure I think of how the economy is failing and how people are working harder and harder for less and less. So when people say "its different now" they are right, but not in the way the mean.
  3. "Tim Besley, the external MPC member who voted in vain for rate rises in February and April, said that he saw monetary growth since 2004 “carrying potential upside risk for inflation”. But he said that he did not want to be thought of as a monetarist. He admitted: “We do not understand how various forms of lending leak into demand. The Bank is studying this now.” thats worrying ..and .. "Such growth rates are widely thought to be unsustainable if inflation is to stay at 2 per cent, but may be closely related to rapid expansion of financial trading, hedge funds and private equity bids in London." Isn't it time the lid was lifted on the "City of London?" It seems no one knows whats going on thanks to "light touch" regulation. The UK seems to be just a huge hedge fund now which hides a very serious trade deficit. We do still need to make stuff.
  4. I've worked from home for some time and kind of got used to it. I used to do it as an employee, then a few years ago there was a bust up following a takeover, and I started out on my own. I've decided to pull out of London as I can do pretty much what I do from anywhere provided I have a fairly decent broadband connection. So from September I will be based in Valencia hopefully. Working from home has its draw backs, but can't be as bad as dreadful London commutes crammed like sardines on the hot, sticky Jubilee line. One answer might be to setup coworking schemes sometimes or "telecottages" Quite large companies allow working from home. BT is one of them.
  5. Couldn't enough people start a new housing association with a capital grant from the Housing Corporation? http://www.housingcorp.gov.uk/cfg/server.p...75478428249dd82
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