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geisaver

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Everything posted by geisaver

  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.
  16. Even your suggestion encourages moral hazard. The reckless keep their house and as house prices remain elevated because there isn't the forced sale that the owner deserved, it's the prudent who lose out. The message is buy a house and you get bailed out, do anything else and you don't. The bankers are rewarded because house prices remain high and in the future they have the benefit of the increased levels of debt that need servicing as a result.
  17. geisaver

    Beyond Gold - What's next ?

    Chinese vases? Chinese vase sells for a record £51.6m after lying for decades in a suburban Middlesex home http://www.dailymail.co.uk/news/article-1328904/Chinese-vase-sells-51-6m-lying-decades-Middlesex-home.html
  18. IG Index UK House Price Index Jun 12 160.5 to 162.5 (161) Dec 12 159.2 161.7 (160.45) Mar 13 158.6 to 161.4 (160)
  19. geisaver

    UK Budget 2012

    A pension pot of £100k in the UK now buys an annuity of around £6k a year due to low interest rates/QE. In the past that was £14k a year. This in the face of rising prices due to inflation. Oh.... and the average pension pot is only £30k. Now the over 65's have their tax allowance frozen at £10,500 Strange because they say there are more voters amongst pensioners, they don't realise we no longer have any parties worth voting for.
  20. geisaver

    UK Budget 2012

    Over 65's pensioner tax allowance frozen after QE has already trashed annuties. CGT stays at 28% which is what high earners use to evade income tax. Bankers taking bonuses in shares will be in clover.
  21. I agree with all you say but from their side isn't it an absolute no brainer? It makes the balance sheet look better and they get £28bn now and then pay pensions in devalued pounds in the future. They could always decide to tax the pensions later on as well.
  22. That's not 100% true. On the spread betting sites the tax free statement always has a * and then something at the bottom like "it depends on your personal circumstances".
  23. In the past if a man earned not much more than the average wage it was possible to buy a house. If the woman chose to work part time and look after the kids her income could be spent on luxuries. Now because of liar loans and joint income mortgages more women are forced to work to be able to compete to buy a house as the looser lending drove prices up. Now a full time second income just goes to fund the larger mortgage, it isn't spent on luxuries. Net result high street suffers. In the UK a lot is said about childcare being too expensive and families should be helped out. If they are helped it's just taxpayer's money going to banks to support larger mortgages. So much childcare wouldn't be needed if house prices weren't so high. If houses were cheaper, any women that wanted to work they could just work part time. Then they have the time and money to take their children to the high street midweek and spend.
  24. Ban joint income mortgages. Instead of being out spending money in the high street women are now trapped at work. That's why high streets are so much quieter midweek.
  25. He talks about it being overbought but suggests: MEDIUM TERM: uptrend resumes LONG TERM: bull market
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