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    Dance music, nature / ecology, bushcraft, Krav Maga (hand to hand and armed combat martial art as used by special forces).

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  1. This low rental yield is the main reason I avoided Bulgaria. WHERE ARE THE RUSSIANS GETTING ALL THIER MONEY? I'm hearing they are also buying in Morocco in quite large numbers, indeed the developer Im buying from has added Russian language sections to thier sales blurb and web site.
  2. There are broadly two types of personality in this conversation. One type I would say make up the bulk of the population. They might at best have a vague notion of the credit crunch. They simply are'nt calibrated to give over thought to timing, or whether they might be better waiting before they buy. What they do drives the economy. Type two, a much smaller proportion will give a lot of thought to timing and trying to minimise the loss of status tickets (money). They will be more inclined to sense danger, which can be a good traite but is easily bastardised by an over active capacity to imagine loss. I was not intending to be offensive on the restaurant bill comment, just accurate. Perhaps I've misread people, but I do have a sense that people in category one would be more inclined to split a restaurant bill evenly whereas those in group 2 might be more given to settling based prurely upon individual consupmtion - again to minimise 'loss'. That all sounds like bollogs no doubt
  3. A proportion of all populations at all times believe things are about to get worse. Surely the only rational position to take is this; Sub prime is re adjusting but wont go away Government deficits are always targeted by those of a gloomy disposition, yet France had a far larger defict as a % since the 1970s and.............. and what? And life went on. Mortgage approvals are taking a breather, is all. Happens from time to time. The economy slowing, means what exactly? Lets have low growth for a while, no worries. Still the same amount of money in the economy. Inflation - bears always say its rocketing, always. Again just normal sloshing about, nothing to get excited about. FTB - my bin Man just bought his first house on his wage alone with a small deposit. A £150,000 IO mortgage costs £20.50 per day. A tiler wants to charge me £250 per day. A plasterer wants £150 per day. I just think pessimism gets in the way of a rational debate.
  4. Wow, just had a mild statement removed - first time since comming here from 2004+ So its ok for users to describe bullish types as sheeple, or numpty investors, but not ok to make a humourous remark on some pessimists spending habits. Wow
  5. Those that split the curry house bill according to what each person ate, share a lot in common with many on this forum so fearful of a possible loss. Maximum 5% or so nominal falls is for most people an irrelevance.
  6. Monopoly, I am seeing the same here. Most people have not even heard of the credit crunch and certainly have not the remotest interest they might buy a property that falls in value. Life goes on and all that. [sweeping statement designed to belittle other members removed by moderator]
  7. A lot of people I know are in the process of looking for / buying a new home. They honestly do not even mention crash or credit crunch. As ever I think the doom sayers have expelled a lot of noise but thats all it is, noise. Again this demonstrates the sharp distinction between those that obsses on fear of loss of tickets (money) and those with the simple confidence to get on with life without fear of loss.
  8. I envy people who have no mortgage and a reasonable income AND CONSIDER THEMSELVES TO BE SITTING PRETTY. I wish I could be so easily contented. I will not feel safe and comfortable until mortgage paid up on my £700k house AND at least £1m net, in safe assets. There is a group of people that really to lord it about just because they have paid off mortgage and earn an ok income (£60000), but really they are not in a particularly comfortable position - when they retire they will typically have a fair income drop and have to downsize.
  9. I know not of the fees, just the rate cuts. Common sense dictates fees will not rise. Lets monitor Nationwide and the others. Current tracker fees for Nationwide range from £0 to £1499.
  10. Halifax, Nationwide, Abbey and RBS (yes the one you'all tell me is in deep do do) have also reduced 0.25% WHITE LABEL - I mention Oldie because lots of you told me sub prime lending had all gone, yet here we have a new entrant with sub prime 95% products to boot Strettttttch those reality tunnels campers
  11. Barclays and First National a horrid, sub prime, desperate lender have cut rates 0.25%. Other news - White Label loans has just entered the UK sub prime market with a 95% offering and will even accept self cert lie to buys at 90% with adverse credit.
  12. Atoms virtually last forever. The atoms that obligingly have come together for a while to form you, will disperse into the earth and atmosphere after death. Note your cells are made of the same atoms most everything else is, and that your cells today are completely new - the ones you had last year have all gone as dust, gas and shite - to become new forms. Some of your atoms after death will end up in other creatures, who knows possibly a chicken. I hope once you are a chicken you will not be dismayed selfish humans caused your battery existence suffering just because they wanted a cheap chicken taste sensation to be wrought on thier brain atoms.
  13. Soup, A boating chap told me Marina Saidia was a significant build as there will be berths of sufficient size to take the largest luxury boats which he said are too large for Peurto Banus. I'm not sure of the significance myself, nor why he compared to P Banus. I also considered the berths but for your reasons 1 and 3, I did not pursue. Not sure on your point 2. It's concievable the reported relatively large number of footballers buying here (I understand all the sports villas were sold, not given to footballers), the 500 shop complex and substantial marina might be quite a combination. I do wonder how they will fill these 500 shops though
  14. Jim Mellon bought 500 appartments in Berlin in 2005, which is one of the reasons I invested there. Most bears at the time told me I was nutz. The possible flaw in Jims theory that UK prices will fall 20 - 40% could be that he has not given enough wait to the fact property is not ONLY a pure investment, it has a utility value that shares and gold do not. Also what is the alternative for property investors? They will never trust packaged SM investments again.
  15. FTSE movement is all just crowd noise. Will people still buy toothpaste and matches? Of course they will and someone somewhere will turn a profit by trading with these other Humans. Dividends will still be paid, the clock will still tick, the sun will still rise. We await the launch of futher new lending sources such as 'White Label' that recently opened for business selling 95% loans to those with adverse credit. Tick tock
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