The benefit of IFA's

michaels

chewmylegoff wrote: »

Yes actually. What colour pants are you wearing?

White

gadgetmind wrote: »

Bunch of nosey parkers asking questions that they've got no right to ask IMO. I haven't taken part in the census for close on 30 years, simply tell them where they can stick their impertinent questions, and have had zero come back.

Anyone who so much as opens the envelope is wasting time on an activity that benefits neither themselves nor society one jot, so just stick the whole lot in the bin as I do.

What colour is your skin? What religion are you? How many toilets do you have? Sorry, utter nonsense, just fix the sodding potholes and leave us alone!

I don't care for the census but like to think that I hide it well.

In the US the Republicans are very anti moving from a universal census to more accurate statistical sampling because their vested interest (in areas like govt expenditure and voter redistricting) is served by under reporting of the poorer more democratic voters who don't complete it to avoid the govt knowing their business. It could just be that your potholes haven't been fixed because according to the census not many people live on your road....

Loughton_Monkey

gadgetmind wrote: »

Bunch of nosey parkers asking questions that they've got no right to ask IMO. I haven't taken part in the census for close on 30 years, simply tell them where they can stick their impertinent questions, and have had zero come back.

Anyone who so much as opens the envelope is wasting time on an activity that benefits neither themselves nor society one jot, so just stick the whole lot in the bin as I do.

What colour is your skin? What religion are you? How many toilets do you have? Sorry, utter nonsense, just fix the sodding potholes and leave us alone!

I don't care for the census but like to think that I hide it well.

In 100 years or so, when the 2011 census forms are made public, your descendants will avidly be looking for you in order to complete their family trees. You will not be there. They will look at death registrations. You will not be there. They will look at emigrations. You will not be there.

One of them will scratch his head, and think through all the possiblities and say over and over again, "where on earth is he? what happened to him?......."

In five minutes, he will be heard to say "Who give's a !!!!. Now where's by grand uncle Kevin......"

gadgetmind

michaels wrote: »

It could just be that your potholes haven't been fixed because according to the census not many people live on your road....

They aren't my potholes, they are the council's potholes, and they have a legal obligation to fix them no matter how many people live on my road. However, as most of them are on local A roads, all they need to know is how many vehicles use it, which can be done very easily with automated counters.

I tackle the pothole issue via regular reporting, naming and shaming, small claims for any damage to bicycle/car/self, and involving local councillors as a last resort.

gadgetmind

Loughton_Monkey wrote: »

In 100 years or so, when the 2011 census forms are made public, your descendants will avidly be looking for you in order to complete their family trees. You will not be there.

I couldn't give a stuff.

They will look at death registrations. You will not be there. They will look at emigrations. You will not be there.

Suits me.

In five minutes, he will be heard to say "Who give's a !!!!. Now where's by grand uncle Kevin......"

Or they could stop poking around in the past and drag their heads into (their) present, which would be far more productive.

I'd much rather be known for what I'm creating that's of lasting value than how many toilets are in the house and whether I believe in sky fairies.

IveSeenTheLight

Thrugelmir wrote: »

Once the props expire. Then the market will start to normalise. As lenders are forced to pay the prevailing going rate to attract deposits..

Thrugsm your a well known poster of "The time is nigh" posts.
How many years have you been saying this?
Can you not consider that many people realise this and are taking the good times when they are AND will not be in hardship / financial burden when rates "normalise"

Thrugelmir

IveSeenTheLight wrote: »

Thrugsm your a well known poster of "The time is nigh" posts.
How many years have you been saying this?

That's how the markets function in normal times. These are exceptional times. Which are still requiring exceptional measures. "Things" happen for a reason. Which with the aid of hindsight, often years later, becomes very apparent.

Sorry I don't subscribe to the magic money tree theory. Nor am I blinkered and wedded to the same view. Better to be open minded and change ones views as the situation evolves.

IveSeenTheLight

Thrugelmir wrote: »

That's how the markets function in normal times. These are exceptional times. Which are still requiring exceptional measures. "Things" happen for a reason. Which with the aid of hindsight, often years later, becomes very apparent.

Sorry I don't subscribe to the magic money tree theory. Nor am I blinkered and wedded to the same view. Better to be open minded and change ones views as the situation evolves.

It is exactly because many are open minded, review the situation and adapt accordingly that we can prosper as a nation.

There's no point in holding off expecting impending doom whist not taking advantage of the exceptional times we are in.

When markets return to norm, many people will be far better off than they were before the last "norm" period

I see you seem to have ignored the last sentence referring to that

IveSeenTheLight wrote: »

Can you not consider that many people realise this and are taking the good times when they are AND will not be in hardship / financial burden when rates "normalise"

Thrugelmir

IveSeenTheLight wrote: »

When markets return to norm, many people will be far better off than they were before the last "norm" period

How will people be better off? There's a squeeze on disposable income across a whole swathe of middle England. Increased interest rates can only have one effect.

IveSeenTheLight

Thrugelmir wrote: »

How will people be better off? There's a squeeze on disposable income across a whole swathe of middle England. Increased interest rates can only have one effect.

Firstly.....
At present we are still part of the United Kingdom, therefore I would prefer not to segregate England.
You are part of the UK

Secondly, what will rising interest rates impact: -
Debt, but more importantly, you need to consider the margin between base rate and the rates of which debt are lent on.
In "normal" times the margin between the base rates and the mortgage rates was smaller and there is no guarantee (unlike what you would like to think) that the margin will remain wide as it is in this exceptional times. Therefore you have to consider what the nett impact will be to borrowers.

You then also have to consider how much debt has been paid down from the period when "rates were normal". We've seen many reports citing the outstanding mortgage debt is being repaid.

So we can surmise that for many, the outstanding mortgage debt will be lower than it was in 2007 when the rates return to normal (even without overpayments as people may have repaid on the standard repayment models in the last 7 years).

Your attempt to muddle the interest rate affect on outstanding debt because other costs have increased does not wash with me.

The people of the UK will find they have a lower interest bill on their debt when rates normalise than they did pre credit crisis.

Thrugelmir

IveSeenTheLight wrote: »

Debt, but more importantly, you need to consider the margin between base rate and the rates of which debt are lent on.

Fact. Banks do not borrow at base rate. So the view that lenders make a margin between BOE base and quoted mortgage rates is totally erroneous.

I guess that's where your early observation about being fleeced came from. No doubt your tenants feel the same. Despite your protestations about being charitable.

Let's see how future unfolds. As I expect many more twists and turns for the foreseeable future. The bad lending decisions, in particular during the period 2003-07, have yet to be revealed to expose their hands.