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House Price Crash Forum


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Everything posted by @contradevian

  1. Someone on my Facebook has this for sale. Manchester 'guide price' £380K http://www.rightmove.co.uk/property-for-sale/property-51825559.html Its very, very nice. But seriously £380K? Suddenly Hitchin is looking good value
  2. Both working in the rent seeking economy. Now State funded rent seekers themselves as home owners.
  3. Where are his actual coding skills like C++ etc or is it all just management speak/********? Please don't make me login to LinkedIn to find out! ...as I hate it.
  4. You'll be forced to emigrate like young Latvians were. Not sure where though. Property is rapidly becoming unaffordable everywhere. Welcome to the neofeudalism dystopian nightmare
  5. One of the best things I've read in a long time. http://www.counterpunch.org/2015/10/05/parasites-in-the-body-economic-the-disasters-of-neoliberalism/ Michael Hudson in fine form. On the fraudulent 'Austrian School of Economics' Under Thatcher the creation of a tollbooth economy, and created the opportunity to price gouge. Won't come as a great surprise to most posters on HPC though.
  6. I have to confess I did similar at my last rented property. Nice surprise for the landlord when I left. Usually receiving service charge bills which the landlord is oblivious too, is the first indication you are dealing with a numpty
  7. I agree. We should just leave it to the market, where most of the lending goes to pump up (mainly) the existing housing stock, speculation, carry trades etc
  8. BBC Scare mongering at its best Hedge fund co-founder backs Corbynomics (FT.com link via Google) https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=1&cad=rja&uact=8&ved=0CCEQqQIwAGoVChMI1s7XsaiNyAIVCG0-Ch0EJApe&url=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F0%2F7d973ca0-6139-11e5-a28b-50226830d644.html&usg=AFQjCNHp-RUNrKvxion7j55VR74bUD4j_w&sig2=ds30IgbV5XXDD7t696vjHA&bvm=bv.103388427,d.ZGU Little suggestion so far that Corbyn is going back to old socialism, but adopting so called 'smart socialism' giving the rentier crapitalists that extract wealth, not create it, the boot (we hope).
  9. Many years ago I heard of someone who got jailed for 'obtaining a pecuniary advantage' http://www.telegraph.co.uk/news/uknews/law-and-order/10768731/Lord-Leveson-raps-CPS-for-blunders-in-fraud-case.html
  10. Its all about having an edge, but any edge you gain is immediately arbitraged away by highly efficient markets and information networks Well it is for the 'rest of us.' Not so established elites, landowners obviously. Which is the real fraud of neolibertarianism. Those dishing out the medicine play by an entirely different set of rules!
  11. Is this politically sustainable. I mean, home owners living virtually for 'free' but thanks to nirp, sitting on a nicely inflating asset to add to the natural 'economic rent capture' Meanwhile savers, along with renters continue to pay. None of the benefits of zirp were passed on in rents, indeed rents continued to rise, though not entirely in line with asset inflation. Could be a defining pitchfork moment.
  12. Excellent advise, pretty much my philosophy
  13. BOE Haldane on serious crack today 1. Inflation target to 4% for interest rate 'wriggle room' 2. Get rid of cash
  14. Solid buying on the Bund one hour before hand. Inside information. Squawk saying its traders convering positions. Utter ********
  15. Yes I enjoy them too. Long may you continue wonderpup.
  16. I suspect they don't have any other form of entertainment. No trips to cinema, theatre, eating out or holidays. 'Having a Sky package' is the HPC equivalent of boomers telling youngsters they don't have houses because they have iPhones. From that perspective, Sky packages are 'cheap'. I don't have one, only Netflix
  17. SFO to investigate Lloyds http://www.thetimes.co.uk/tto/business/industries/banking/article4559082.ece?shareToken=e6331fa6c830ec2e4a6ebcf5fa12b735 Similar to claims against RBS. Not sure if these are genuine small businesses, or BTL brigade forced by the bank to liquidate so Official Receiver was brought in. Claim Lloyds 'manipulated' property values so customers breached loan to value ratio's. Was going to create another thread, but just tacked it in here.
  18. There needs to be an alternative to State (cashless money) not least because it prevents the system of money being used to control democracy. In a cashless society the State could just turn off money, and starve protesting citizens into submission. If they could survive on say 'Google credits' or bitcoins it makes that impossible.
  19. Incredible that a complete outsider has come this far, despite unremitting media hostility. He'll never get a good headline with our fantastically fair 'free press' (stop laughing at the back). Not sure how its going to work with a majority of Labour MP's against. Suspect there will be a lot of infighting perhaps culminating in a coup of some type, but his victory was so overwhelming I don't think the rest of the party will wear it. One thing is for sure. Politics has just got interesting. We may be able to retire the term 'LabourTory' for good. Real choice at last.
  20. Wonder if old Fergus has become an HMO Daddy and renting to migrants on a per room basis
  21. I think the sellers might be real, and just use exposure in a vain attempt to sell at higher prices. The buyers almost certainly fake. Some of the property porn is just plain boring. For example, in Escape to The Country its mainly boomers who need 'space to entertain' become 'part of the local community' and room for their useless, nonexistant 'hobby business'
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