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House Price Crash Forum


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  1. There are adverts around on the radio now threatening nasties for small employers unless they have a workplace pension scheme in place. Even elderly and disabled people have been sent letters threatening fines. http://www.bbc.co.uk/news/business-32935827 Personally, I have a jaundiced view of pensions schemes, they simply aren't worth the money. Once fees and costs have been taken, you're probably better off just salting the money away in a good deposit account (I know I would have been better off). At least you now it's there when the time comes, and after you die, it can be left to your heirs. And what impact is this going to have on very small employers? If I employed just one person, I'd be tempted to fire them and suggest they can come back in as a zero-hours casual worker. I suppose it's governments way of making sure most of our money goes right back into the hands of the city spivs. Really, just a tax, but dressed up differently.
  2. They weren't at war with anyone, why would they have needed nerve gas?
  3. http://www.breitbart.com/big-journalism/2015/05/06/bbc-bans-mens-political-party-from-talking-about-men-or-even-talking-to-them/
  4. But they got back their gold early. Maybe anticipating currency wars? http://www.mining.com/france-wants-its-gold-back-12270/
  5. It was a slave owner's responsibility to look after his slaves. They had to be fed, clothed and housed. The idea that the employer gets free labour without fulfilling any of the labourers needs, puts the labourers at a level lower than slaves.
  6. So if we ban the purchase of sex in the Swedish model, GDP would go down as a result? Does an increase in prisoners guilty of sex crimes add to GDP? I'm getting mixed messages here.
  7. Would you like you have an alternative source of power, however intermittent, ready for the time that fossil fuels become ludicrously expensive? Perhaps you'd prefer the dark ages instead. Nuclear takes decades to roll out, and is a high-risk option (see Fukushima).
  8. Wasting your breath (or keyboard fingers) Campervanman. The bigots you are arguing with come from the "victim" generation. Go figure....it's ALWAYS someone else's fault.
  9. Peter Sissons view of the BBC, climate change and PC http://inquiringminds.cc/the-bbc-became-a-propaganda-machine-for-climate-change-zealots-says-peter-sissons%E2%80%A6-and-i-was-treated-as-a-lunatic-for-daring-to-dissent It amuses me to see how Snowflux confuses computer modelling with science. It becomes absurd when none of the models have predicted the trend over the last 17 years and counting, all showing higher.
  10. I found it on Googleearth. It's an excavated cellar, the house (bungalow) was built on the side of the "bank" which is the high land above the fen the road is built on, usually a "rodden" or old river course, underlain with alluvium, so as the peat shrank, the road became elevated above it. The original front door was where the small upper window now is. The neighbouring house's garden is a couple of meters above you! The other side is a plot with a "sold" sign outside, it looks like the land belonged to an old mill/agricultural building at the rear. The new house in the EA pictures is probably on that plot. A very obvious abandoned project.
  11. Why does my url bar show me I'm downloading data from twitter when i refresh a HPC page. Anyone else notice this? I don't do twatter.
  12. My sons, after help, both managed to secure over 40% deposits, and paid nowhere near 500K. They did not care to over-extend, and I certainly wasn't going to let them risk their futures. As a consequence, their current repayments are far less difficult to manage than mine was....until (or if) interest rates rise. Their houses are modest, typical modern estate jobs. I don't understand your point about the "benefit" of a house having a paper value way in excess of it's real worth. It may give those living in larger residences a windfall if they sell up, but you should realise that the vast majority of people in this country live in the 2 bed + boxroom semi, or modest Victorian terraces, not much chance of downsizing. On the other hand, people lucky enough to have bought even modest houses in London in the early years find the double-bubble of London gives them enough cash to sell up and buy bigger houses in the country, outpricing the locals there, another deleterious consequence of bubble expansion by the banks. You can be assured I didn't buy in London - couldn't afford it then, and certainly couldn't afford to "downsize" and move there now either.
  13. A certain subset of the altruistic 60's generation. Those that started in the top 1%, and by hook or crook, intend to stay there.
  14. I'm not talking about violent street protests. Where are the protest songs, where are the Bob Dylan and John Lennon, Country Joe of today? Where are the debating societies, the rallys? Today's youth anger all seems to be about womyn's rights and what to call Guy Gibson's dog.
  15. No I would not. The young are being lured into a dreadful trap. When (or if) interest rates rise, they will be shafted, meantime, the high purchase price and lower than inflation interest on savings makes it very difficult to save a deposit. New buyers need help, either from the government or from family, did anyone mention equity release on the parent's property? We bought in a high interest rate time, and rates were expected to rise (they did), but the banks were very wary of extending loans to those who couldn't afford them. In terms of salary, I note my son's mortgage repayments are substantially lower than mine used to be as a proportion of his wages. At one point, 75% of my income went to service the mortgage, we simply went without the things he takes for granted, like foreign holidays and eating out. I own my house, I don't care if it's worth £50K or £500K, provided I can sell and buy a similar house for the same money. The actual value is only a problem for those who have outstanding mortgages and the threat of negative equity. If they're boomers, that's probably because they took "equity" release, well, tough luck. It's not theft if the bank asks you to pay off your debts, even if your house is not worth enough to clear them. What I find alarming are the schemes promoted to release equity from the parents property, to help their young buy into a bubble market. If and when the bubble bursts, that's the whole family sunk into debt.
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