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What's happening to house prices in the SE?
We viewed a few properties over the weekend.one agent asked if I thought the property was priced correctly? Another asked me if I'd like to make an offer of £X (10% less than the asking price) and see? The third one called just now and said no offers yet. What's going on? Crashing?
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Public Sector Pay Restraint Ending?
As part of the general loosening of the purse strings, it's good to see that ending the now counter productive public sector pay restraint is seemingly now a political necessity. People like me have been saying for years that to reduce pay and conditions in the PS to a level where the core function cannot carried out is…
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How long?
....Before £1 = 1euro? I noticed in town today it was 1.04 seems to have been falling slowly the last week or so.
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The Fascinating HPC Debt Slave Conundrum
All the HPC lunatics are hardcoded with the mantra that thou shalst not be a debt slave. But what is the difference between being a mortgaged homeowner debt slave and a rent forever loser debt slave? In fact being a mortgaged homeowner debt slave you are more likely to escape debt slavery as soon as your mortgage term has…
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My favourite video EVER!!
This excerpt from a 2004 London news show, focuses on the geniuses who founded HPC in 2002: http://www.housepricecrash.co.uk/media/LondonTonight-2005-12-12.wmv The sheer excitement from Rhino Shoe is palpable... while Kirsty looks hot (as always) :p I wonder how long Rhino's missus hung around before she realised that…
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Self build cost cutting tips!
Hi everyone, We are about to (hopefully) put our house plans out to tender, however before we do this, we have to decide what kind of finishes we want for the house to get comparable tenders. Our house is 3390 sq feet (with a separate 527sq foot integrated double garage) - we haven't got any tenders yet however we think we…
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UK rents still rising
https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/indexofprivatehousingrentalprices/july2017 * Private rental prices paid by tenants in Great Britain rose by 1.8% in the 12 months to July 2017; this is unchanged for the fourth consecutive month. * In England, private rental prices grew by 1.9%, Wales saw…
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Whither wages (and hence inflation and interest rates)?
http://www.bbc.co.uk/news/business-40853467 Recruiters are saying Brexit is having the expected consequences, labour supply is sharply down (not just from fewer new arrivers but also from those already here deciding not to stay) and this is starting to push up wages. However national statistics are continuing to show wage…
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What's wrong with the EU and how it effects House prices
This is a new thread so the flaws of the EU can be discussed and the Brexit thread can just be about Brexit. So The EU has many flaws. For example moving the EU Parliament between Brussels (Belgium) and Strasbourg (France) once a month is crazy and expensive.
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Everything you need to know about money in 9 rules.
An American professor claimed that a lot of the best advice was available for free in the local library if people could be bothered to look it up, but they just don’t, so he summarised everything a US citizen needed to know about personal finance on one index card, making nine points. It’s clearly not perfect but it’s a…
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The economics of extending a lease
Having looked into extending one of my leases I am surprised as to how it is calculated. It seems quite a rip off with the freeholder getting a lot in the event a leaseholder extends. This is how it seems to work. You need to compensate the freeholder for the lost ground rent and you do this by paying them a sum upfront…
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Berlin Balks
Wonder what the outcome was?
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Don't Mention that you are losing faith in an HPC - part 2
So I was perusing this board when I stumbled across an old blast from the past thead about a devout HPC devotee loosing their faith way back in 2011. His punishment for that crime was to have their thread hidden deep down into the cesspit and their account banned. Ironic in that his handle was 'CleverBear'. Well it turns…
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the snap general election thread
Or dear labour UKIP have no purpose any more SNP can get back in their little single issue box which affects a minority of the UK A great move by May IMO Will give the tories the majority they need to crack on with sorting the defecit and managing Brexit (whether support it or not it needs doing)
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Why Is A 44 Year Old Man Still Renting?
Never owned but he's old enough to have lived through previous housing market troughs. What is wrong with some men of today? How much money has he thrown down the toilet he's renting? What would be his BCR? Source:-…
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Dieselgate Product Of Vast VW-BMW-Daimler Car Cartel Conspiracy, Fresh Report Says
Not good news for the German car industry. Nor well timed. https://www.forbes.com/sites/bertel!!!!!!t/2017/07/22/dieselgate-product-of-vast-vw-bmw-daimler-car-cartel-conspiracy-fresh-report-says/#4b2300117ce8
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UK Q2 2017 GDP Preliminary Estimate +0.3%
Main points * UK gross domestic product (GDP) was estimated to have increased by 0.3% in Quarter 2 (Apr to June) 2017. * The growth in Quarter 2 2017 was driven by services, which grew by 0.5% compared with 0.1% growth in Quarter 1 (Jan to Mar) 2017. * The largest contributors to growth in services were retail trade, which…
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ridiculous valuation of house
I was remortgaging a house, as the previous product had expired and rates had gone up. In order to qualify, LTV, a surveyor came round. The house had been put on the market in November 2014 for £425K. Similar houses nearby are now being marketed at £550K. Surveyor put the value at £435K! How can he be so wide of the mark?…
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Rents soar to (another) record high
http://www.lslps.co.uk/documents/buy_to_let_index_jul15.pdf
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Greedy Tory Toffs increase poverty...oops
http://www.bbc.co.uk/news/business-40644850#comment_127584271 Turns out under the coalition and Tory govts the champagne socialists' favourite measure of social injustice, relative poverty, has declined. Of course an indicator that turns positive when the top half of the income distribution gets poorer more quickly than…
