The Next Nail in the Coffin

westernpromise

Crashy_Time wrote: »

http://www.housepricecrash.co.uk/forum/index.php?/topic/209150-and-then-you-win/page-2

I can't be bothered to follow the link, but tell me, does it by any chance state your BCR?

chucknorris

westernpromise wrote: »

I can't be bothered to follow the link, but tell me, does it by any chance state your BCR?

As you probably suspected, you didn't miss anything by not clicking the link.

westernpromise

chucknorris wrote: »

As you probably suspected, you didn't miss anything by not clicking the link.

So we still don't know what Crashy's BCR is? That's a shame given how free he is with his valuable advice. I'd like to evaluate its quality by seeing how he's done financially out of following his own advice.

Finding out he'd accumulated a BCR of 125% might make me question whether he really knows what he's talking about, although obviously his views that buying one's home is an opportunity for speculation, that occupying a bedsit for £400 a month in your 50s is a good way to live, and that a lifetime of unfunded rent is not debt but a mortgage is, are obviously wisdom so conventional as to be commonplace..

Conrad

mwpt wrote: »

On top of that, you are wrong about the other forms of parasitic investment.

"In economics and in public-choice theory, rent-seeking involves seeking to increase one's share of existing wealth without creating new wealth. Rent-seeking results in reduced economic efficiency through poor allocation of resources, reduced actual wealth creation, lost government revenue, increased income inequality,[1] and (potentially) national decline."

Plenty of people make a similar argument about share holders as parasitic blood suckers diverting workers efforts into their own pockets, quite often with little regard for the genuine long term health of the company. They argue that both workers and investment in plant are deprived by blood sucking share holders by way of ISA's and pensions, or direct share holding.


Shareholders care for the bottom line regardless of offshoring or closing British plants, such as the many chocolate companies now absent from Britain thanks to shareholder imperatives.
The Trump phenomenon by way of example is in part a response to relentless offshoring of manufacturing by self-interested share holders.

So I'm not convinced your average anti B2L warrior is any less self interested.


As to relaxing planning laws, so many little magical corners I played in as a kid are becoming housing and infrastructure, it's incredibly depressing and this relentless expansion of the Human imprint on Southern England will end in an awfully denuded destination - image 50 more years of this.


Furthermore as a cautious person why would you welcome building on farmland, we're already 40% reliant on food imports, so you want us even less stable do you?


And what of the relentless drive to intensive chemical agriculture to feed us all?


The real issue is over-population, nothing will detriment your kids future like this will (apart from at a crude Hamish bean counting level possibly). Building more shiny homes simply attracts more immigration.

Crashy_Time

westernpromise wrote: »

So we still don't know what Crashy's BCR is? That's a shame given how free he is with his valuable advice. I'd like to evaluate its quality by seeing how he's done financially out of following his own advice.

Finding out he'd accumulated a BCR of 125% might make me question whether he really knows what he's talking about, although obviously his views that buying one's home is an opportunity for speculation, that occupying a bedsit for £400 a month in your 50s is a good way to live, and that a lifetime of unfunded rent is not debt but a mortgage is, are obviously wisdom so conventional as to be commonplace..

A bedsit has bed and living room in one room I believe? (never lived in one) Mine is a flat. Get the basic concepts right and people may start to take you seriously. Oh and don`t bother posting links to chancer landlords hoping to get 400p.m for a room out of overseas Edinburgh Uni students who don`t know the city as representative of the wider Edinburgh rental market because that just makes you look even more silly.

Crashy_Time

Conrad wrote: »

Plenty of people make a similar argument about share holders as parasitic blood suckers diverting workers efforts into their own pockets, quite often with little regard for the genuine long term health of the company. They argue that both workers and investment in plant are deprived by blood sucking share holders by way of ISA's and pensions, or direct share holding.


Shareholders care for the bottom line regardless of offshoring or closing British plants, such as the many chocolate companies now absent from Britain thanks to shareholder imperatives.
The Trump phenomenon by way of example is in part a response to relentless offshoring of manufacturing by self-interested share holders.

So I'm not convinced your average anti B2L warrior is any less self interested.


As to relaxing planning laws, so many little magical corners I played in as a kid are becoming housing and infrastructure, it's incredibly depressing and this relentless expansion of the Human imprint on Southern England will end in an awfully denuded destination - image 50 more years of this.


Furthermore as a cautious person why would you welcome building on farmland, we're already 40% reliant on food imports, so you want us even less stable do you?


And what of the relentless drive to intensive chemical agriculture to feed us all?


The real issue is over-population, nothing will detriment your kids future like this will (apart from at a crude Hamish bean counting level possibly). Building more shiny homes simply attracts more immigration.

I see you are on the main forum telling a guy in Scotland who is clueless about BTL (or more likely at the wind up?) to fill his boots? The desperation to get others leveraged up here is truly laughable :rotfl:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

I see you are on the main forum telling a guy in Scotland who is clueless about BTL (or more likely at the wind up?) to fill his boots? The desperation to get others leveraged up here is truly laughable :rotfl:

Hahaha we love nothing more than forcing others to get "leveraged up" you do amuse us all Crashy.... although some of the posters here (myself included) are worried about your mental health.

Jack_Johnson_the_acorn

Crashy_Time wrote: »

A bedsit has bed and living room in one room I believe? (never lived in one) Mine is a flat. Get the basic concepts right and people may start to take you seriously. Oh and don`t bother posting links to chancer landlords hoping to get 400p.m for a room out of overseas Edinburgh Uni students who don`t know the city as representative of the wider Edinburgh rental market because that just makes you look even more silly.

1 bed flat with a bcr of 125%.... you're such a winner @ life.;)

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Hahaha we love nothing more than forcing others to get "leveraged up" you do amuse us all Crashy.... although some of the posters here (myself included) are worried about your mental health.

And up pops "Jack" and his magic beans, who must surely be an alter ego of one of the six who regularly regale this little hidden oasis of wisdom with their electrifying economic wisdom :rotfl:

Crashy_Time

Jack_Johnson_the_acorn wrote: »

1 bed flat with a bcr of 125%.... you're such a winner @ life.;)

How many months/years you can survive without working and how little (or much) debt you are carrying will separate the winners from the losers when this little Ponzi charade finally unravels. Are you prepared Jack?