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geisaver

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About geisaver

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  1. Isn't this news more fuel for London property prices? People have a choice between keeping money in dodgy EU banks that might start stealing it or dump it in London property whose value is always protected the the UK government at any cost. If more money did flow into London property that would sterling positive. TPTB might have just managed to persuade lots of Europeans to buy houses in Spain, France, etc
  2. This is what it's all about. The UK is only threatening to leave the EU as a bargaining tool to prevent more financial regulation. It's got nothing to do with anything else. If the UK did leave it's complete freedom for our banks to do whatever they like. I don't see why this result in a London crash - initially - it would take longer for the ponzi effect to strike.
  3. Hungary featured in episode 2 of Michael Portillo's Great Continental Railway Journeys. Clip here http://www.bbc.co.uk/programmes/p010x7qb I've just checked BBC iPlayer but could only see episodes 4 and 5 as still available http://www.bbc.co.uk/iplayer/search?q=Great%20Continental%20Railway%20Journeys I thought Hungary looked very good
  4. It sounds like they are trying to bring student accommodation up to the levels of our prisons http://www.deadlinenews.co.uk/2010/11/28/new-tvs-to-bring-porn-to-prisoners/
  5. Crewe is a major rail hub and about 30 miles from Buxton.
  6. Google streetview? http://maps.google.co.uk/maps?q=buxton&hl=en&ll=53.258949,-1.914024&spn=0.088414,0.264187&sll=52.8382,-2.327815&sspn=11.438955,33.815918&hnear=Buxton,+Derbyshire,+United+Kingdom&t=m&z=13&layer=c&cbll=53.258995,-1.913794&panoid=tXQVlRqXffgeg9OnfYKJ5Q&cbp=12,108.59,,0,0
  7. I have visited Buxton and Bakewell several times. Both are OK but I wouldn't recommend anyone spending a say a week there unless I knew they liked a lot of walking. I see them more as day trip material.
  8. geisaver

    GOLD

    Front page of the FT is Republicans considering a return to the gold standard
  9. Very good, I enjoyed that. The trouble is I have a follow song up for you running through my mind now.
  10. geisaver

    UK House prices: News & Views

    That depends what you are going to spend the money on. If it's a house only house price inflation can harm it. Any other inflation is your friend because it means other people have less money to save your house fund.
  11. It wouldn't be a fair solution because the debtors have bought assets with leverage. That has forced up the prices of those assets and put them more out of reach of those who have saved to buy an asset. Also it encourages more debt which ultimately is inflationary. If people are told they cannot go wrong borrowing the problem just gets worse. We need failure as an option.
  12. geisaver

    UK House prices: News & Views

    Who is "we"?
  13. In the UK property values mean that money (and labour) is worth practically nothing. What good is messing about with 100% or 110% of a property value when they have trebled in price?
  14. I'm in the UK and I don't own a house. The base rate has crashed 90% to help the indebted. People who paid too much for houses are in many cases being supported via my taxes through such as SMI. Various government schemes using my taxes are propping up house prices. Bankers are still collecting bonuses. Our labour is being devalued against housing. I want the people who cannot afford their houses to be thrown out and those properties sold at auction. I'd like bankers and politicians sent to prison for fraud. Julius Caesar did not have a "solution" to a debt crisis. A solution is when you solve a problem and stop it happening again. If he had sentenced everyone involved to death that could have been a solution because it would have been a deterrent to stop it happening every 60 years.
  15. I'd like to go back to capitalism where firms/people are allowed to fail when they deserve it. Clearing a debt overhang by propping up moral hazard just creates more debt in the future. I don't agree that banks lose out because it enables/encourages house prices to stay elevated which gives banks higher interest payments from the market as a whole forever.
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