Wednesday, Jul 29, 2015

Enfield has the third fastest house price increase in the UK.

Guardian: House prices in England and Wales hit record high

"Even within the capital, the 33 London boroughs have experienced varying fortunes. In Newham, prices are up 16% over the year, with Hillingdon and ENFIELD close behind at 15.2% and 15.1% respectively." (This is prior to any sales being registered since TFL took over services to Enfield Town and Cheshunt via Seven Sisters, putting Tottenham, Enfield and Edmonton on the tube map for the first time, expect the new Overground areas to move towards 20% house price growth, playing catch up to other better known areas).

Posted by libertas @ 03:51 AM (6601 views)
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47 Comments

1. libertas said...

And awaiting a decision on Crossrail 2 in the Autumn comprehensive spending review, which runs through Haringey and Enfield. (A hint, it was an election pledge).

Wednesday, July 29, 2015 02:59AM Report Comment
 

2. hpwatcher said...

Do I detect more than a hint of self-satisfaction?

Wednesday, July 29, 2015 07:48AM Report Comment
 

3. libertas said...

Obviously, here is the new tube map, showing the new routes through Haringey and Enfield that have put these previously unpopular places on the map for investors.

Wednesday, July 29, 2015 08:09AM Report Comment
 

4. hpwatcher said...

It's still a very big *could*.

A hint, it was an election pledge

Oh well, it's bound to happen then :-) :-) :-) :-)

Wednesday, July 29, 2015 08:11AM Report Comment
 

5. hpwatcher said...

By the way, I'm seeing large reductions in the prices of houses in North London. The market is continuing to cool.

Wednesday, July 29, 2015 08:14AM Report Comment
 

6. jack c said...

Libertas (Wednesday, July 29, 2015 08:09AM "here is the new tube map, showing the new routes through Haringey and Enfield that have put these previously unpopular places on the map for investors"

How ironic that the article below this one is titled "living space a commodity"

Wednesday, July 29, 2015 08:29AM Report Comment
 

7. libertas said...

Jack c , all things humans need are commodities that are traded. Including food, water, land, goods, and homes.

If Crossrail 2 get the £250m they have asked for to develop the route to a Powers Application, it will go ahead. Watch the Autumn budget statement.

Wednesday, July 29, 2015 09:07AM Report Comment
 

8. Libertas said...

hpwatcher, yes, prices may fall in expensive places, but places like Enfield and Barking and Dagenham still have houses priced under £300k, and there is a generation living in £300k 1 bed flats who are having children. New TFL routes and Crossrail projects are funnelling people to suburbs previously unpopular.

Within every bear market there are bull markets, and quite frankly, with GDP soaring away now and continued Eurozone woes and an expensive Sterling keeping a lid on inflation, prices are looking to remain expensive plus, BTL investors are not selling. They keep properties off the market for decades leading there to be a drought of available properties. A disgrace, but that is the way it is.

Wednesday, July 29, 2015 09:11AM Report Comment
 

9. libertas said...

hpwatcher, yes, prices may fall in expensive places, but places like Enfield and Barking and Dagenham still have houses priced under £300k, and there is a generation living in £300k 1 bed flats who are having children. New TFL routes and Crossrail projects are funnelling people to suburbs previously unpopular.

Within every bear market there are bull markets, and quite frankly, with GDP soaring away now and continued Eurozone woes and an expensive Sterling keeping a lid on inflation, prices are looking to remain expensive plus, BTL investors are not selling. They keep properties off the market for decades leading there to be a drought of available properties. A disgrace, but that is the way it is.

Wednesday, July 29, 2015 09:11AM Report Comment
 

10. mister ed said...

Aye, all very good Lebearitutitas.

What relevance this has to the 99% of people in the UK who work in places not within commuting distance of Enfield, I have no idea.

Nor can I see how this changes the fact that schools in many of those areas are dire, which makes them a nightmare to live in for anybody with children.

But if it helps feed your onanistic fantasies, I won't say you should be denied the pleasure.

I bet your wrists are tired this morning :-)

Wednesday, July 29, 2015 09:25AM Report Comment
 

11. taffee said...

Isn't there a possibility that as technology evolves the trend will be to move out of london and other big cities as it was 30/40 years ago?

Although property prices have raised some people think london has deteriorated as a place to live

Wednesday, July 29, 2015 10:41AM Report Comment
 

12. reticent said...

Oh dear. It appears this train line also goes through my station.

It seems utterly pointless, however, since it's only underground until Wimbledon and the map after that is hardly any different from the existing overground map. Presumably, the train just emerges from the tunnel and then uses the existing train lines. I would have thought that would add to delays along the existing waterloo services.

It seems like a waste of money to me, even though it will make it easier for me to get to work. Most of the benefits to the south-west will already have been yielded by the northern line extension by the time they start building it.

Wednesday, July 29, 2015 01:32PM Report Comment
 

13. nickb said...

Libertas,
Can't you find a more appropriate place to brag about your house price than this one? The school playground for example?
N

Wednesday, July 29, 2015 11:33PM Report Comment
 

14. nickb said...

@7 list of useful things that are not commodities
the air we breathe
family
self worth
love
loyalty
friendship
access rights to the countryside
birdsong
wildlife
the sun, moon and stars
I could go on but its late and clearly I am speaking a foreign language - incidentally another thing that is not a commodity

Wednesday, July 29, 2015 11:41PM Report Comment
 

15. libertas said...

Reticent, you are right, the line absorbs existing metro services into Waterloo. The issue there is that there are not enough tracks into Waterloo at its "throat". At the moment, long distance routes and metro services have to merge just before the station. Crossrail 2 will therefore provide metro services faster onwards journeys right into central London, at 4 to 6 trains per hour per branch, plus allow increases in long distance trains to places like Salisbury, Southampton and Portsmouth.

For the Lea Valley Lines, you get an increase from 2 to 12 trains per hour, and they plan to build around 200,000 homes in that area.

The route to Alexandra Palace re-instates the old Palace Gates line, taking pressure off services that cannot otherwise be enhanced and which are completely to capacity already.

Through London, it eases Victoria Line, already at capacity. It also supports the Northern Line at Tooting, and will help clear Clapham Junction, which in turn may allow the Northern Line to extend to Clapham Junction. It cannot without Crossrail 2 because right now it would be overwhelmed.

Expect once Crossrail 2 is complete to see Crossrail 3, because if you build an underground system, and want to relieve mainlines and terminus stations, this is the way to do it. They are far higher capacity than tubes, being up to 12 carriages, or ¼ mile long, with far higher capacity seating.

-----------

Nicky, Yes, but housing is still a commodity, whether you like it or not.

Thursday, July 30, 2015 07:10AM Report Comment
 

16. libertas said...

Reticent, you are right, the line absorbs existing metro services into Waterloo. The issue there is that there are not enough tracks into Waterloo at its "throat". At the moment, long distance routes and metro services have to merge just before the station. Crossrail 2 will therefore provide metro services faster onwards journeys right into central London, at 4 to 6 trains per hour per branch, plus allow increases in long distance trains to places like Salisbury, Southampton and Portsmouth.

For the Lea Valley Lines, you get an increase from 2 to 12 trains per hour, and they plan to build around 200,000 homes in that area.

The route to Alexandra Palace re-instates the old Palace Gates line, taking pressure off services that cannot otherwise be enhanced and which are completely to capacity already.

Through London, it eases Victoria Line, already at capacity. It also supports the Northern Line at Tooting, and will help clear Clapham Junction, which in turn may allow the Northern Line to extend to Clapham Junction. It cannot without Crossrail 2 because right now it would be overwhelmed.

Expect once Crossrail 2 is complete to see Crossrail 3, because if you build an underground system, and want to relieve mainlines and terminus stations, this is the way to do it. They are far higher capacity than tubes, being up to 12 carriages, or ¼ mile long, with far higher capacity seating.

-----------

Nicky, Yes, but housing is still a commodity, whether you like it or not.

Thursday, July 30, 2015 07:10AM Report Comment
 

17. libertas said...

Nickb, you have not seen anything yet, if Crossrail 2 gets granted, you will start to see the whole property press going wild over it.

Yes, schools here are dire, but so they were in Hackney before all the trendies moved in. Tottenham and then Edmonton will start to fill up over the next few years as everybody is priced out of Hackney and needs a family home but cannot live too far away from their high paying jobs in London, which is booming. Skyscraper after Skyscraper going up around Liverpool Street. With the tube at capacity, more people will want to commute by Overground in air conditioned comfortable trains with views.

Thursday, July 30, 2015 07:13AM Report Comment
 

18. Youserious said...

@13

It seems to me that you attack him en masse and he winds you up in return. A fair trade but probably one that drags this blog down ever deeper. As an outsider, I have to tell you that the people who regularly attack this bloke come across just as badly as he does. Nickb, my take on it is that you probably don't own a house -apologies if I'm wrong - and that his posts really strike a nerve. You try to compensate by attempting the intellectually superior card but it just comes across as bitter and petty. If you don't like what he says then why not ignore him instead of using him as a scapegoat for your frustrations? It probably doesn't make you feel any better because he's not actually responsible for any wrong moves you might have made along the way. Libertas, why don't you post somewhere you'll be more appreciated?

Thursday, July 30, 2015 07:21AM Report Comment
 

19. mister ed said...

@16

Schools in Hackney still are dire.

Thursday, July 30, 2015 08:29AM Report Comment
 

20. cyril said...

Libby you need to get help for your condition. I think it's called obsessive compulsive disorder but only a properly trained psychiatrist would be able to tell.
Incidentally this is not sour grapes because I live in Kingston which is one of the possible routes on your map for crossrail but I do not spend every waking hour thinking about it.

Thursday, July 30, 2015 09:06AM Report Comment
 

21. mister ed said...

@18

Come now, Cyril, don't be too harsh. Libby isn't totally obsessed with Crossrail. He does talk about house prices in Enfield sometimes too.

Thursday, July 30, 2015 09:23AM Report Comment
 

22. i remember the 90`s said...

Love him or hate him he does put up a fair point .

Thursday, July 30, 2015 11:25AM Report Comment
 

23. reticent said...

@20

Where points are concerned, the classification of fair hinges in part upon relevance.

I'm not even sure what point you're referring to.

I'm with Cyril. This extension would probably increase my house price by as much as Libby's in absolute terms, but I can't even be bothered to look into it enough to figure out whether or not it's a good idea or is likely to happen.

Thursday, July 30, 2015 08:15PM Report Comment
 

24. libertas said...

Incidentally, I have spoken to Network Rail. They intend to run 12 trains per hour between Tottenham Hale and Broxbourne via Crossrail Two, plus at least four additional trains to Stratford. Stations along the Lea Valley, presently impoverished will therefore get 16 trains per hour. Most presently get two trains per hour. 200,000 homes planned for the industrial areas presently blighting the area.

Alongside a ongoing improvements to the parallel London Overground route to Cheshunt and Enfield Town,

Regeneration is kicking off now at Tottenham Stadium and Meridian Water, plus estates renewal at Ponders End, removing the tower blocks in 5 yrs and on, and on.

Friday, July 31, 2015 03:32PM Report Comment
 

25. mister ed said...

"Incidentally, I have spoken to Network Rail. "

That was funny. More of it, please.

Friday, July 31, 2015 04:46PM Report Comment
 

26. libertas said...

Mister, you are a total ignorant Pratt. Most people do not ask stuff, when you do, sometimes, they respond, particularly to freedom of information requests.

Friday, July 31, 2015 06:22PM Report Comment
 

27. mister ed said...

Oh Libby... (@24)

Did I say they wouldn't respond to your query, whatever that may have been?

Not at all. What I found funny was the fact of someone being so totally obsessed with a railway and the price of their house that they would call up the railway company and then post the information on a public forum where no-one really gives a hoot.

I'm afraid I do agree with Cyril @18. You need help. Or go and have a few beers, put some soul music on and get with the beat daddy-o. Life's too short to spend time trying to prove you're right to people who don't even disagree with you.

You've bought a house in Enfield. You thought it was the right thing to do. End of story.

Friday, July 31, 2015 06:40PM Report Comment
 

28. libertas said...

Mister Ed, you completely misunderstand my motive. What I a doing is property ramping. Attempting to attract people to invest in the area, but I also buy into what I am saying, so it is not disingenuous.

Incidentally, Tottenham is now kicking off. Tottenham Town Hall now has a produce, craft, etc. market every Saturday, www.tottenhamgreenmarket.co.uk and artists are moving in to the Lea Valley industrial Estates, thegreenhouselondon.com/studios And finally, trendy cafes starting up in Tottenham: cravingcoffee.co.uk

Everybody I speak to say that Tottenham is like Hackney was just before it got trendy and expensive, and Edmonton is literally a suburb now of Tottenham where first time buyers are almost priced out, but plenty of cheap stuff still left in Edmonton, maybe for another year or two, or, maybe not if Crossrail 2 gets authorised this Autumn.

Saturday, August 1, 2015 11:39AM Report Comment
 

29. mister ed said...

"What I a doing is property ramping. Attempting to attract people to invest in the area"

That really is sad.

Saturday, August 1, 2015 11:47AM Report Comment
 

30. pete green said...

Libbyeconomics = stealing the wealth other people created, that's worse than taxation & government spending, at least you get some of that back in better quality policing, schooling, services and infrastructure. Some libertarian....

Saturday, August 1, 2015 01:54PM Report Comment
 

31. libertas said...

Stealing?! You have to be kidding me!! I purchased the f'ing property. Arguably, tax payers money being spent in the area on infrastructure is theft, but I am not in control of that, merely observing the situation. If you do, maybe you can do better for yourself.

And OF COURSE, those IDIOTS who say that not buying does not contribute to house prices YOU ARE FUNDING BTL INVESTORS you fools, who cream you to death, like a dirty, hybrid milk cow on a factory feed-lot. Buy not buying, you support them twice, by funding them and, not being competition with them for properties at the Estate Agency.

Saturday, August 1, 2015 10:00PM Report Comment
 

32. pete green said...

Its still theft in my eyes and central to the economic problems of the world. Talk about double standards

Saturday, August 1, 2015 10:29PM Report Comment
 

33. libertas said...

Pete Green, quite frankly, if you think buying a property is theft, you are a Marxist idiot with total economic illiteracy, particularly when if you are renting, you are supporting somebody else who bought the place to your own detriment.

Sunday, August 2, 2015 07:15PM Report Comment
 

34. mister ed said...

You tell 'em Libby. All good capitalists work in local government. :-)

Anyway chaps, don't be churlish. Get out there and buy a house in Edmonton or Tottenham. The schools may be dire. The crime rate might be high. The drive-by shootings can be a bother. The odd riot can be a bit of a pain. But while you sip coffee in the local coffee shop on Tottenham High Street, wondering how you can find the extra £20K a year to put your child into private education, you'll have the satisfaction that you're giving a helping hand to Libby the shill, getting his house prce to rise.

Come on now, give the boy a leg-up. :-)

Sunday, August 2, 2015 08:12PM Report Comment
 

35. mister ed said...

@30 Pete Green

Libby is correct. You are an economic illiterate. Don't you know about...

Libby's Economic Theory of HPI

Annual wage rises of 3.5% creates annual house price inflation of 10.5%

Example
Price of small apartment in slummy part of town = £150,000
Purchased on 3.5x salary of approx £37,000
After 15 years mortgage is paid off
Apartment is now worth £670,000

Occupant now has deposit of £670,000 and looks to move

Price of house in good part of town 15 years earlier = £350,000
House is now worth £2,235,000
Mortgage needed to trade up: £1,565,000
After wage rises of 3.5% over 15 years, salary now = £61,000
Salary multiple of mortgage now needed = 25x

See? Easy peasy when you can make things up as you go along.

Sunday, August 2, 2015 09:13PM Report Comment
 

36. Mrarmadillo said...

This is the first time I've posted to the site although I'm a frequent reader. I am always grateful for many of the insights I have come across, but often irritated by users who feel that the site was established to serve as their own personal sounding board.

I know my way around the site well enough to be able to point out that in the top right hand corner there is a 'forum' button which leads to an area where, amongst other things, users can start threads about house prices in a particular region/area/city/district. I imagine that the thinking behind this is to stop the homepage of the site being used for discussions that could only be of interest to a very limited number of people, reserving it instead for headline issues likely to be of interest to the majority.

So Libertas, I have to ask whether you truly feel your ramblings about Enfield are so fascinating that they must be placed front and centre on the site. Do you think perhaps you could get your ego under control and post this stuff in a more relevant area of the site?

Monday, August 3, 2015 08:08PM Report Comment
 

37. pete green said...

Mister Ed :)
Terrible maths and poor moral compass = libyeconomics

Monday, August 3, 2015 09:38PM Report Comment
 

38. libertas said...

Mister Ed, of course, it is impossible to move up the property ladder. Nobody has ever done it. Social mobility does not exist. Silly me.

Obviously all the people I know who have made good profit on a home and moved to better areas must be drug dealers. I stand corrected.

On a sensible note, very few individuals buy homes. It is normally couples. This is what most illiterates forget. So, say the average salary in London is circa £30k, you are looking at about 3.5x that, times two, so, about £210k. Plus the average deposit for first time buyers, most get cash from parents to top up their own savings, is about, say, £60k. Normally about £30k savings, plus £30k gifts, with the gift coming from two sets of parents, so often it is much higher.

So the average first time buy is about £270k.

Low and behold, there are plenty of flats in London for that price.

But please spare us the utter B.S. to suggest that if you pay off your mortgage and hour house price rises, that you cannot move up the ladder, you IDIOT. Obviously you have your head in a freaking hole and never talk to anybody who is mildly successful.

Others like us will invest in the property. We have planning to convert our 3 bed house into a 5 bed home with a massive new living room and kitchen. Plus, will rent out a studio in the loft, and, working in the area we do, there are significant opportunities for promotions. So of course, we should be able to move to a nicer place at some point, maybe Chingford, or hop over the A10 to some of the nicer parts of Enfield Town, as MANY other people have done MANY TIMES BEFORE.

Of course, we could leave London and buy a freaking mansion.

And freaking heck, do you not think we will make awesome profit from Crossrail 2? This is HUGE compared to Crossrail 1, because that line covered areas already well provided for. Tottenham, Edmonton and Broxbourne area have terrible rail, with most stations suffering 2 trains per hour. Going up to 16 trains per hour with a direct service to the West End taking less than 20mins will be transformative, and alongside associated regeneration, our home could well be worth £1m by 2028 when Crossrail 2 opens, by which time we will be mortgage free because our additional payments will bring mortgage pay off down to 18yrs, and the lodger will bring it down to about 10yrs, with the first £7,500 of rent being TAX FREE.

So of course, I take it back, by purchasing a property in a place with regeneration and billions of new infrastructure, we will be trapped in Edmonton for our whole lives. Well, with all the improvements on the way, maybe we will want to stay here.

Problem is, many weak minded individuals believe people like you, leading them to be serial rentiers who will have poverty in retirement because their fixed income will not keep up with rent increases, plus, they will have funded the high life of parasitic BTL investors. Just as if you leave out bread for pigeons, they multiple, so too, if you rent properties, you cause BTL investors to multiply.

FOOL.

Tuesday, August 4, 2015 03:17AM Report Comment
 

39. libertas said...

Mister Ed, of course, it is impossible to move up the property ladder. Nobody has ever done it. Social mobility does not exist. Silly me.

Obviously all the people I know who have made good profit on a home and moved to better areas must be drug dealers. I stand corrected.

On a sensible note, very few individuals buy homes. It is normally couples. This is what most illiterates forget. So, say the average salary in London is circa £30k, you are looking at about 3.5x that, times two, so, about £210k. Plus the average deposit for first time buyers, most get cash from parents to top up their own savings, is about, say, £60k. Normally about £30k savings, plus £30k gifts, with the gift coming from two sets of parents, so often it is much higher.

So the average first time buy is about £270k.

Low and behold, there are plenty of flats in London for that price.

But please spare us the utter B.S. to suggest that if you pay off your mortgage and hour house price rises, that you cannot move up the ladder, you IDIOT. Obviously you have your head in a freaking hole and never talk to anybody who is mildly successful.

Others like us will invest in the property. We have planning to convert our 3 bed house into a 5 bed home with a massive new living room and kitchen. Plus, will rent out a studio in the loft, and, working in the area we do, there are significant opportunities for promotions. So of course, we should be able to move to a nicer place at some point, maybe Chingford, or hop over the A10 to some of the nicer parts of Enfield Town, as MANY other people have done MANY TIMES BEFORE.

Of course, we could leave London and buy a freaking mansion.

And freaking heck, do you not think we will make awesome profit from Crossrail 2? This is HUGE compared to Crossrail 1, because that line covered areas already well provided for. Tottenham, Edmonton and Broxbourne area have terrible rail, with most stations suffering 2 trains per hour. Going up to 16 trains per hour with a direct service to the West End taking less than 20mins will be transformative, and alongside associated regeneration, our home could well be worth £1m by 2028 when Crossrail 2 opens, by which time we will be mortgage free because our additional payments will bring mortgage pay off down to 18yrs, and the lodger will bring it down to about 10yrs, with the first £7,500 of rent being TAX FREE.

So of course, I take it back, by purchasing a property in a place with regeneration and billions of new infrastructure, we will be trapped in Edmonton for our whole lives. Well, with all the improvements on the way, maybe we will want to stay here.

Problem is, many weak minded individuals believe people like you, leading them to be serial rentiers who will have poverty in retirement because their fixed income will not keep up with rent increases, plus, they will have funded the high life of parasitic BTL investors. Just as if you leave out bread for pigeons, they multiple, so too, if you rent properties, you cause BTL investors to multiply.

FOOL.

Tuesday, August 4, 2015 03:17AM Report Comment
 

40. mister ed said...

Libby @35 + 36

You're so attractive when you get angry. Twice.

As I said before, you bought a house in Enfield. You thought it was the right thing to do. End of story.

No-one else cares.

Tuesday, August 4, 2015 09:05AM Report Comment
 

41. letthemfall said...

While you're abusing everyone libertas, you might care to remember that in your old guises on here you blathered on various conspiracy theories - cloud seeding, cataclysmic particle accelerators, etc - on top of the taxation is theft nonsense, so is it so suprising everyone finds it hard to take you seriously?

Wednesday, August 5, 2015 01:06PM Report Comment
 

42. libertas said...

Ahem, letthemfall, you think cloud seeding is a conspiracy theory?! Below shows how it is being done publicly in some parts of the world, and so when vapour trails from planes persist for hours and coalesce frequently into a murky blanket, you somehow think that this is natural and not planned?!

So glad you brought this up, because it is a huge issue that nobody is discussing. Like, if it was openly regulated, we could at least have debates about it in Parliament and have some control over what chemicals they are using. Most likely, what is happening here, is that local precipitation is being reduced so that more moisture dumps on arid parts of Europe.

Cloud-seeding gaining favor in arid West
The Durango Herald-9 Jul 2015
A cloud-seeding generator dispenses silver iodide into the ... A $15 million cloud-seeding study in the mountains of Wyoming recently showed ...
http://www.durangoherald.com/article/20150709/NEWS01/150709598/Cloud-seeding-gaining-favor-in-arid-West

Cloud seeding soon to help overcome farm crisis
The Hindu-15 hours ago
The State government has decided to take up cloud seeding to overcome the crisis in the agricultural sector owing to deficient rainfall this year, ...
http://www.thehindu.com/news/national/karnataka/cloud-seeding-soon-to-help-overcome-farm-crisis/article7501756.ece

China overdoes cloud seeding to end drought... and ...
http://www.dailymail.co.uk/news/article-1224475/China-overdoes-cloud-seeding-end-drought--blankets-Beijing-snow.html
2 Nov 2009 - Do research into Cloud Seeding in Devon, UK (experiments were done back ..... William and Catherine Middleton, Westminster Abbey, London.

This FOIA request states that UK government was funding cloud seeding experiments in the 1950s:
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/83821/EIR_13-0107_cloud_seeding.pdf

Millions were in germ war tests | Politics | The Guardian
www.theguardian.com › Politics › Research
21 Apr 2002 - ... history of Britain's biological weapons trials between 1940 and 1979. ... these tests involved releasing potentially dangerous chemicals and ...
http://www.theguardian.com/politics/2002/apr/21/uk.medicalscience



Wednesday, August 5, 2015 04:23PM Report Comment
 

43. mister ed said...

And that only tells half the story. The real impetus behind cloud seeding is to spray chemicals which stop people thinking for themselves and getting well-paid jobs in local government. That's why the masses continue to toil in low-paid employment instead of seeing where the real opportunities lie. It's all one big conspiracy.

I hear "they" are now spraying chemicals to make people believe Tottenham is a great place to raise a family.

Wednesday, August 5, 2015 04:37PM Report Comment
 

44. libertas said...

Mister Ed. You are clearly a moron. The reason they are cloud seeding is to control the weather and for warfare purposes. It has potential to cause harm, but this was decided upon as a must be, so they are doing it clandestinely so that there is no debate about what chemicals are sprayed over our heads. It has been decided that if it kills a few million people across the world, that this is an acceptable price.

What people should be more concerned about is the contempt for democracy and the rise of autocratic, technocratic government, creating power that will be abused.

Wednesday, August 5, 2015 04:49PM Report Comment
 

45. mister ed said...

@41 That's what "they" tell is the purpose.

But everybody who has read seriously on this subject (there have been many articles in Fortean Times on this very matter) knows that cloud seeding is caused by a master race of aliens from the planet Borgastroff Tenae Lispostrut (located in a faraway galaxy and known by the acronym BTL) who are intent on buying up vast swathes of residential property and then renting it back to the humans, who they wish to enslave. They do this in collusion with another alien race known as the Estate Agents.

Weekly World News also covered this subject many times, and people were beginning to realise the truth. Why do you think that newspaper ceased publication so abruptly? Aliens from BTL who had taken powerful positions in global governments used their power to stifle debate, that's why. Ignore the truth at your peril.

Wednesday, August 5, 2015 06:04PM Report Comment
 

46. libertas said...

Mister Ed, do you only post when drunk?

Or do you hate what I have to say, have no logical retort, so resort to diversions and nonsense to draw attention to your own terrible sense of humour and complete lack of independent thought? Indeed, have you ever had an independent thought of your own?

Thursday, August 6, 2015 09:12PM Report Comment
 

47. mister ed said...

@43

Logical retort follows:

Libby's Economic Theory of HPI

Annual wage rises of 3.5% creates annual house price inflation of 10.5%

Example
Price of small apartment in slummy part of town = £150,000
Purchased on 3.5x salary of approx £37,000
After 15 years mortgage is paid off
Apartment is now worth £670,000

Occupant now has deposit of £670,000 and looks to move

Price of house in good part of town 15 years earlier = £350,000
House is now worth £2,235,000
Mortgage needed to trade up: £1,565,000
After wage rises of 3.5% over 15 years, salary now = £61,000
Salary multiple of mortgage now needed = 25x

Economics Fail.

QED.

Thursday, August 6, 2015 10:17PM Report Comment
 

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