London Has Peaked

Bubble_and_Squeak

mayonnaise wrote: »

It's the usual modus operandi of a deluded bear.
When actual data, hard facts and stats contradict their discredited theories, the only way out is 'government manipulation' or some other conspiracy theory.
The next step is tuning in to Max Keiser and/or buying bitcoins
Then they end up queuing for the loo in some Edinburgh HMO at the age of 45.

It's all rather sad.

not as sad as the person who believes that the cost of living has increased by 1.5% over the last year and that unemployment is 2.08 million

padington

Bubble_and_Squeak wrote: »

not as sad as the person who believes that the cost of living has increased by 1.5% over the last year and that unemployment is 2.08 million

He's got a point, inflation at 1.5% is just a bloody outrageous lie.

Bubble_and_Squeak

padington wrote: »

He's got a point, inflation at 1.5% is just bloody outrageous lie.

indeed, its negative if place asking prices for london property in the basket

Jonbvn

Wonder what effect this will have?

http://www.ft.com/cms/s/0/a4bc6492-3dc0-11e4-b782-00144feabdc0.html#ixzz3DkSEf7g1

A little-noticed tax change has levied another blow on foreign buyers of luxury London homes, adding to the slowdown in the previously booming sector.

Since early August, non-doms must pay tax of up to 45 per cent when they use overseas assets as collateral to finance purchases in Britain.

padington

Bubble_and_Squeak wrote: »

indeed, its negative if place asking prices for london property in the basket

But sadly this stopped clock only tells the right time once a day.

chewmylegoff

Jonbvn wrote: »

Wonder what effect this will have?

http://www.ft.com/cms/s/0/a4bc6492-3dc0-11e4-b782-00144feabdc0.html#ixzz3DkSEf7g1

My heart bleeds for the poor non-doms and their legal advisers who are concerned about the amount they will be able to charge in legal advice (all billed from their Jersey office, natch).

sebtomato

padington wrote: »

He's got a point, inflation at 1.5% is just a bloody outrageous lie.

Is it? My personal inflation rate is probably below 1.5%, since what I am mostly buying seems to be actually decreasing in prices...

What's your personal inflation rate? Does it happen to be exactly the same as the country's average/average basket prices? I am expecting a fun reply...

Bubble_and_Squeak

fortunately for me all my bills are included in my rent so i'm immune to above inflation utility price increases.
also, i can walk to work so i'm immune above inflation public transport increases.
fortunately for the planet, the animals, the british countryside (badgers included), the NHS and society generally i'm a VEGAN so my food bill is very low therefore i don't notice fluctuations in the price of human feed.
fortunately for the exchequer i'm not one of the hidden from the stats long term unemployed moved around on various useless courses every 3 months.

Bubble_and_Squeak

Jonbvn wrote: »

Wonder what effect this will have?

http://www.ft.com/cms/s/0/a4bc6492-3dc0-11e4-b782-00144feabdc0.html#ixzz3DkSEf7g1

a colleague was telling me yesterday of new mortgage restrictions coming in this month limiting the size of loans to 4.2% of income.
anyone know anything about this?

chewmylegoff

Bubble_and_Squeak wrote: »

a colleague was telling me yesterday of new mortgage restrictions coming in this month limiting the size of loans to 4.2% of income.
anyone know anything about this?

4.2% of income? TIMBERRRRRR!