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About NathanHobbs

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    HPC Poster

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    Luton, UK
  1. I'm in. No really! How many people would we need? On busy days HPC has had over 1000 simultaneous readers. If we could get 200 involved that would be enough. Resentment in the UK is now so high if we simply started the ball rolling the population will tear the country apart. The government is banking on no-one wanting to make a stand. If one person stands up they will be berated and sidelined. If 200 people stands up the government will be screwed. You can arrest 10 people and hold them without charge for 28 days, but if you arrest 100 you open a wasps nest. I'm prepared to get 28 without charge if it brings change.
  2. Does he think that no-one else gets that? Pretty much everyone in IT lives like that...!
  3. You've all missed the point. The problem isn't that wages are too LOW. The problem is that house prices/rents are too HIGH. If you take housing costs out of the equation we could all live happily on minimum wage. Increased costs for one person get passed onto his customers. Without stupid housing costs all the goods services we buy would be far cheaper too! People keep trying to solve the wrong problem!!!!
  4. Try and remember that a large portion of the cost of building a house is wages. Wages for the bilders, wages for the people who make the bricks etc. If 1/3 of those people wages goes on housing costs then if housing costs fall, they can afford to work for less. Allowing housing costs to fall even further. Goto 10
  5. I think you may all be falling for the clever ruse brown pulled this year. A lot of the "council tax increase" figure are only on the "council" portion. The police and fire contributions go up by a different UNCAPPED amount. The council portion only pays for central council services, like bins not being emptied and roads not being repaired. Actually a vast portion of it goes straight to the council pension fund.
  6. I may possibly have kicked this off at the express by posting the following in every one of the budget related "Have your say" boards:
  7. Vince cable is suggesting a land tax... somthing that would prevent HPI completely. He's talked about on properties over £1m but it really needs to be on all property, else the rich would just break their £1m property in 2 £1/2m propeties. But he didn't want the lower classes thinking itwould apply to them too. The trick is to tax land values (the ground itself, not thehouse built on it) and to scrap income tax. Thus owning land become unattrative and working becomes more attractive. Incidently, the "benefits trap" is where unemployed people as well as their dole money, get their rent paid for by housing benefit. Often that rent could be £500-800, maybe more. It can be hard to find a job that pays more per month than £800 rent +£150 council tax +£200 dole + free healthcare etc. If your rent is £800 you need a job that pays £1200 after tax just to break even. Well, you used to. All hell is about to break lose now LHA has replaced Houing Benfit. Expect riots. Lots of Riots.
  8. LAND TAX. There, I've said it. It's the elephant in the room. It's the obvious solution that everyone ignores. Land Tax is a banned subject - because it would prevent HPI and lots of very rich people depend on HPI to keep them rich. Everywhere it's been implemented there has been an economic boom. Japan post WW2 was such a sucess BECAUSE of land taxation. As soon as it was scrapped, land speculation exploded and destroyed he economy. Tax land annually as a percentage of it's value... that is, tax the locational value of the land, not what is on the land. Scrap all other taxes to encourage production. Scrap most planning restrictions... with land taxes they aren't needed as development is self balancing. Problem solved.
  9. So in the 80s the tories gave the H/A £1bn to buy out struggling BTLers? Inflation adjusted I suppose that would now be £2-3bn. house prices are twice as expensive vs wages compared to the 80s peak. Bail-out anyone? What's the odds on Labour giving the H/A £6bn to buy out struggling BTLers at "Mark-To-Model" peak prices. (yes I know, £6b would be a drop in the ocean, but they'de never get away with £6t.)
  10. Rubbish, post April 2006 lenders fill in a spreadsheet with names, print it out, and have the clerk of the court at the nearest court stamp it. Then they can reposess your house or any other assets they like. This includes credit cards, store cards, personal loans, car loans, overdrafts, utilities, council tax... when the new law took effect in April 2006 all debt effectively became secured on your house. The law was implemented because the lenders were getting nervous. They were looking to pull unsecured lending, which would have killed the economy, so the government agreed to make it easy to turn unsecured debt into secured debts. So easy in fact that there is no point refering to secured/unsecured debts anymore... all debts are effectively secured. In the old days they had to go to court, at great expense, to take your house for non-payment of an unsecured debt. That's why unsecured debt was more expensive than secured debt... increased risk. The new rules aren't well known and the press buried them. They will be well known soon though.
  11. The OP is totally correct in what he is saying, but people have different opinions of what constitutes a "FTB". What the OP is saying is that, in every chain there are 2 ends... at one end, someone is selling but not buying, either a BTL selling up or an STR etc. At the other end there need to be someone buying but no selling... a FTB, a BTL or a returning STR. In 2005 most of the FTBs walked away from the market. STRs arn't expected to start buying again until after the crash. BTLs stopped buying about a month ago when finance dried up. So to sum up what the OP is saying, BTL can't sell up and leave the market because there is no-one buying at the bottom of the chain. All the current chains will collapse as people buying at the bottom pull out and wait out the crash/wait to see what happens, or more notably find their mortgage offer times out and doesn't get renewed or get renewed on much worse terms. It's worth noting that what people see as signs of a active market... lots of "sold" boards, are in fact a sign of stuck chains. Once a sale completes, the new person moves in and takes down the "sold" sign. In a couple of weeks all the chains should callapse at the same time when the mortgage offers expire, they will all go back on the market, and prices will fall off a cliff.
  12. Antone fancy going down there and throwing some MPs into the Thames?
  13. Hard to decide if it's furnished or if someone is just storing some old furniture there.
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