periodictabledancer Posted September 7, 2023 Share Posted September 7, 2023 2 hours ago, That thing you do said: Disagree. House prices need to come down in the UK by at least 25%. I doubt a bit of house price pain will deter the BOE. As has been said a few times, the way to curb inflation is to have interest rates above the rate of inflation. That would cause defaults to go through the roof so what you get is light touch fudge. House round the corner from us, asking price £315k. Sold for £265K. My locality is a pretty decent postcode and we are swamped with new builds. Mortgage apps have collapsed in last few weeks My missus works for a mortgage broker. Quote Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 7, 2023 Share Posted September 7, 2023 59 minutes ago, TallPaul said: Would leave a lot of people stranded in negative equity This. No danger prices are dropping 25%,none!!! Quote Link to comment Share on other sites More sharing options...
heartsfc_fan Posted September 7, 2023 Share Posted September 7, 2023 5 hours ago, periodictabledancer said: House round the corner from us, asking price £315k. Sold for £265K. My locality is a pretty decent postcode and we are swamped with new builds. Mortgage apps have collapsed in last few weeks My missus works for a mortgage broker. Where's that if you don't mind me asking? Quote Link to comment Share on other sites More sharing options...
periodictabledancer Posted September 7, 2023 Share Posted September 7, 2023 59 minutes ago, heartsfc_fan said: Where's that if you don't mind me asking? Down south, midlands. Quote Link to comment Share on other sites More sharing options...
joondalupjambo Posted September 8, 2023 Share Posted September 8, 2023 14 hours ago, periodictabledancer said: House round the corner from us, asking price £315k. Sold for £265K. My locality is a pretty decent postcode and we are swamped with new builds. Mortgage apps have collapsed in last few weeks My missus works for a mortgage broker. Two bed cottage in immaculate condition a few streets from us. Overs over £250k. Two weeks ago went for £310k. Another stone semi overs over £160k in need of upgrade went for £195k. Madness. It will depend on the location and there will be bubbles, always has been and pretty sure that will continue. Quote Link to comment Share on other sites More sharing options...
Dazo Posted September 8, 2023 Share Posted September 8, 2023 10 hours ago, heartsfc_fan said: Where's that if you don't mind me asking? Probably made up in his head. Quote Link to comment Share on other sites More sharing options...
theshed Posted September 8, 2023 Share Posted September 8, 2023 On 29/08/2023 at 12:59, Jambof3tornado said: Yup On another note asda dundee 144.9p unleaded. Asda Grangemouth........149.9???? How the fekk??? Tesco Musselburgh 20 mins ago 154.9 So much for it coming down Quote Link to comment Share on other sites More sharing options...
Unknown user Posted September 8, 2023 Share Posted September 8, 2023 On 29/08/2023 at 12:59, Jambof3tornado said: Yup On another note asda dundee 144.9p unleaded. Asda Grangemouth........149.9???? How the fekk??? Next to the refinery too Quote Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 8, 2023 Share Posted September 8, 2023 2 hours ago, Smithee said: Next to the refinery too Exactly!!!!!! Quote Link to comment Share on other sites More sharing options...
JudyJudyJudy Posted September 8, 2023 Share Posted September 8, 2023 On 29/08/2023 at 13:02, il Duce McTarkin said: Meh. I'd take high inflation and interest rates over all those Catholics any day of the week. Quote Link to comment Share on other sites More sharing options...
doctor jambo Posted September 8, 2023 Share Posted September 8, 2023 On 07/09/2023 at 13:11, That thing you do said: Disagree. House prices need to come down in the UK by at least 25%. I doubt a bit of house price pain will deter the BOE. As has been said a few times, the way to curb inflation is to have interest rates above the rate of inflation. That would cause defaults to go through the roof so what you get is light touch fudge. Not really , frozen house prices and rising wages will soon do the job, but that would mean the govt paying people properly, so it won’t happen Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted September 8, 2023 Share Posted September 8, 2023 I think the worst has yet to come, a bit of a delay in what has happened previously. I personally know 2 local business owners who have just gone tits up. Quote Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 13, 2023 Share Posted September 13, 2023 Triple lock possibly getting fiddled with once again!! Quote Link to comment Share on other sites More sharing options...
Unknown user Posted September 13, 2023 Share Posted September 13, 2023 On 08/09/2023 at 21:48, Greedy Jambo said: I think the worst has yet to come, a bit of a delay in what has happened previously. I personally know 2 local business owners who have just gone tits up. Damn straight the worst is to come, we're in a slide that needs slowed, steadied, then reversed, and the Tories are happy to let the next guys deal with that shit. Quote Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted September 13, 2023 Share Posted September 13, 2023 2 hours ago, Jambof3tornado said: Triple lock possibly getting fiddled with once again!! I would imagine that would be the final nail in the coffin for the Tories. They know that racist English OAPs in the South of England are their main supporters. Quote Link to comment Share on other sites More sharing options...
That thing you do Posted September 13, 2023 Share Posted September 13, 2023 This isnt good https://www.theguardian.com/money/2023/sep/12/uk-mortgage-meltdown-looms-amid-terrifying-growth-in-arrears Massive growth in Mortgage Arrears. Im not surprised as most people have eyes bigger than their rainy day funds but this still very depressing to see Quote Link to comment Share on other sites More sharing options...
The Mighty Thor Posted September 13, 2023 Share Posted September 13, 2023 20 minutes ago, That thing you do said: This isnt good https://www.theguardian.com/money/2023/sep/12/uk-mortgage-meltdown-looms-amid-terrifying-growth-in-arrears Massive growth in Mortgage Arrears. Im not surprised as most people have eyes bigger than their rainy day funds but this still very depressing to see The roller coaster has just crested the summit on this one. Once it goes, and it is going to go with current monetary policy, its going to go like feck. Quote Link to comment Share on other sites More sharing options...
heartsfc_fan Posted September 13, 2023 Share Posted September 13, 2023 1 hour ago, That thing you do said: This isnt good https://www.theguardian.com/money/2023/sep/12/uk-mortgage-meltdown-looms-amid-terrifying-growth-in-arrears Massive growth in Mortgage Arrears. Im not surprised as most people have eyes bigger than their rainy day funds but this still very depressing to see My brother in law just bought his first house. His fiancées parents told them to "buy something that is the most you can afford". Personally I thought it was shite advice and said that to him. They didn't listen, and did it anyway. They are planning to start a family in a year or two and are basically banking on them both working full time after having a kid and haven't factored in the costs of having a child and potential extra costs such as a second car, childcare etc etc. What's to say his fiancée can't continue to work after having a kid or can't go back full time? Anyway you live in learn... Quote Link to comment Share on other sites More sharing options...
That thing you do Posted September 13, 2023 Share Posted September 13, 2023 1 minute ago, heartsfc_fan said: My brother in law just bought his first house. His fiancées parents told them to "buy something that is the most you can afford". Personally I thought it was shite advice and said that to him. They didn't listen, and did it anyway. They are planning to start a family in a year or two and are basically banking on them both working full time after having a kid and haven't factored in the costs of having a child and potential extra costs such as a second car, childcare etc etc. What's to say his fiancée can't continue to work after having a kid or can't go back full time? Anyway you live in learn... Yep its uber shite advice, my pal is exactly the same. Bought a house at the very top of his budget because of the location (near a loch), had 5 banks reject him before one gave him a go. Wouldnt listen to my advice which is the same as yours. Give yourself room in case shit happens. Hes had the house 2 months and is part time lecturing at a University at night to pay it (on top of a full time IT Consultancy job) has no room factored in for children he wants, recently bought an Audi (gives him status he said) and thats conked out and needs a gearbox which he had to wait 3 weeks to be able to afford to pay. Disaster waiting to happen. I blame the education system though. It brings people up to serve the rich 9-5 and doesnt teach them money or wealth management. Quote Link to comment Share on other sites More sharing options...
JudyJudyJudy Posted September 13, 2023 Share Posted September 13, 2023 11 minutes ago, That thing you do said: Yep its uber shite advice, my pal is exactly the same. Bought a house at the very top of his budget because of the location (near a loch), had 5 banks reject him before one gave him a go. Wouldnt listen to my advice which is the same as yours. Give yourself room in case shit happens. Hes had the house 2 months and is part time lecturing at a University at night to pay it (on top of a full time IT Consultancy job) has no room factored in for children he wants, recently bought an Audi (gives him status he said) and thats conked out and needs a gearbox which he had to wait 3 weeks to be able to afford to pay. Disaster waiting to happen. I blame the education system though. It brings people up to serve the rich 9-5 and doesnt teach them money or wealth management. And “ keeping up with the Jones’s “ mentality too . Seen it loads , basically a mortgage is a credit agreement like a card . It’s a gamble but afford what you can hopefully repay Back and not to try and impress others with your “big hoose “ see it all the time on face book Quote Link to comment Share on other sites More sharing options...
TallPaul Posted September 13, 2023 Share Posted September 13, 2023 50 minutes ago, heartsfc_fan said: My brother in law just bought his first house. His fiancées parents told them to "buy something that is the most you can afford". Personally I thought it was shite advice and said that to him. They didn't listen, and did it anyway. They are planning to start a family in a year or two and are basically banking on them both working full time after having a kid and haven't factored in the costs of having a child and potential extra costs such as a second car, childcare etc etc. What's to say his fiancée can't continue to work after having a kid or can't go back full time? Anyway you live in learn... Agree rank rotten advice. Buy something that covers what you need but still leaves room to do what you want and enjoy life. No point working hard just to keep the bank happy. Quote Link to comment Share on other sites More sharing options...
Jambof3tornado Posted September 13, 2023 Share Posted September 13, 2023 1 hour ago, heartsfc_fan said: My brother in law just bought his first house. His fiancées parents told them to "buy something that is the most you can afford". Personally I thought it was shite advice and said that to him. They didn't listen, and did it anyway. They are planning to start a family in a year or two and are basically banking on them both working full time after having a kid and haven't factored in the costs of having a child and potential extra costs such as a second car, childcare etc etc. What's to say his fiancée can't continue to work after having a kid or can't go back full time? Anyway you live in learn... Old guy once said to me if you dont struggle for the 1st few years after buying a house you've "bought too cheap ". Banks will simply solve the issue by 40 year mortgages becoming the norm!!! More interest for them,all sorted!! Quote Link to comment Share on other sites More sharing options...
That thing you do Posted September 14, 2023 Share Posted September 14, 2023 Best 10 minutes of your time to understand how planned all this is. Quote Link to comment Share on other sites More sharing options...
joondalupjambo Posted September 14, 2023 Share Posted September 14, 2023 The number of times I have heard folk say they have no debt. Then you ask if they have a mortgage and they say aye. Mental. Quote Link to comment Share on other sites More sharing options...
The Real Maroonblood Posted September 14, 2023 Share Posted September 14, 2023 13 minutes ago, joondalupjambo said: The number of times I have heard folk say they have no debt. Then you ask if they have a mortgage and they say aye. Mental. It's an answer Delboy would give. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted September 15, 2023 Share Posted September 15, 2023 Goodbye Virgin. https://www.chroniclelive.co.uk/news/cost-of-living/virgin-media-price-hikes-money-27723404 Quote Link to comment Share on other sites More sharing options...
That thing you do Posted September 16, 2023 Share Posted September 16, 2023 6 hours ago, Greedy Jambo said: Goodbye Virgin. https://www.chroniclelive.co.uk/news/cost-of-living/virgin-media-price-hikes-money-27723404 Everyone will be at it not just Virgin. Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted September 16, 2023 Share Posted September 16, 2023 2 hours ago, That thing you do said: Everyone will be at it not just Virgin. I started a thread a while back for youfibre, Defo moving to them at contract end in November. Quote Link to comment Share on other sites More sharing options...
Nucky Thompson Posted September 16, 2023 Share Posted September 16, 2023 I won't be eating at McDonalds much anymore. Granted, I don't go very often and I've not been in ages, but I was shocked when I saw that they had put up a standard meal to £6.59. Greedy twats Quote Link to comment Share on other sites More sharing options...
JudyJudyJudy Posted September 16, 2023 Share Posted September 16, 2023 5 hours ago, That thing you do said: Everyone will be at it not just Virgin. Yes. They are all at it. Where the feck is the regulators for all those price hikes in almost everything ? Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted September 16, 2023 Share Posted September 16, 2023 4 hours ago, JudyJudyJudy said: Yes. They are all at it. Where the feck is the regulators for all those price hikes in almost everything ? We can't demand all demand cost of living wage rises and expect it not to push prices up further. Quote Link to comment Share on other sites More sharing options...
tightrope Posted September 16, 2023 Share Posted September 16, 2023 Car insurance wtaf? Doubled for no reason. Shocking Quote Link to comment Share on other sites More sharing options...
kila Posted September 16, 2023 Share Posted September 16, 2023 2 hours ago, Tommy Brown said: We can't demand all demand cost of living wage rises and expect it not to push prices up further. The prices are rising significantly quicker compared to our wages. It isn't our demands that are causing the rise... it's profiteering plain and simple. Quote Link to comment Share on other sites More sharing options...
Tommy Brown Posted September 16, 2023 Share Posted September 16, 2023 17 minutes ago, kila said: The prices are rising significantly quicker compared to our wages. It isn't our demands that are causing the rise... it's profiteering plain and simple. I am not saying that, but our wage rises push prices up further, also. Quote Link to comment Share on other sites More sharing options...
GBJambo Posted September 17, 2023 Share Posted September 17, 2023 18 hours ago, Tommy Brown said: I am not saying that, but our wage rises push prices up further, also. Without these wage rises then people wouldn’t be able to afford even the basics . But then even with the wage rises people still can’t afford the basics. In our supposed developed society. People going without food and heating is a disgrace. Quote Link to comment Share on other sites More sharing options...
Nucky Thompson Posted September 17, 2023 Share Posted September 17, 2023 29 minutes ago, GBJambo said: People going without food and heating is a disgrace. I know people on benefits who don't even go without their dope or bevvy Quote Link to comment Share on other sites More sharing options...
Unknown user Posted September 17, 2023 Share Posted September 17, 2023 14 minutes ago, Nucky Thompson said: I know people on benefits who don't even go without their dope or bevvy I know people on benefits who work full time Quote Link to comment Share on other sites More sharing options...
Unknown user Posted September 17, 2023 Share Posted September 17, 2023 Quote Link to comment Share on other sites More sharing options...
The Mighty Thor Posted September 17, 2023 Share Posted September 17, 2023 26 minutes ago, ǝǝɥʇᴉɯS said: Some folks feel the need to punch down the way though. Quote Link to comment Share on other sites More sharing options...
That thing you do Posted September 23, 2023 Share Posted September 23, 2023 Had a look at the numbers (last 4 mins this video) sadly I think he's right. Watch from 11 mins on. He's not wrong Quote Link to comment Share on other sites More sharing options...
XB52 Posted September 23, 2023 Share Posted September 23, 2023 On 17/09/2023 at 17:06, The Mighty Thor said: Some folks feel the need to punch down the way though. It's the tory way. Blame the ones with nothing while letting the tax dodging millionaires have free reign. Quote Link to comment Share on other sites More sharing options...
joondalupjambo Posted September 23, 2023 Share Posted September 23, 2023 Quote Link to comment Share on other sites More sharing options...
il Duce McTarkin Posted September 23, 2023 Share Posted September 23, 2023 Any reglar Joe that doesn't avoid as much tax as is legally possible is a simpleton that deserves to be skint. Quote Link to comment Share on other sites More sharing options...
Lone Striker Posted September 27, 2023 Share Posted September 27, 2023 On 23/09/2023 at 12:57, il Duce McTarkin said: Any reglar Joe that doesn't avoid as much tax as is legally possible is a simpleton that deserves to be skint. A bit harsh. Us regular Joes have very limited legal methods to reduce our tax bill by a wee bit. The ones in that graph on the right hand column are unlikely to be regular Joes - most likely big companies and very wealthy folk who employ savvy tax accountants to unearth loopholes and offshore investment hideaways. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted September 27, 2023 Share Posted September 27, 2023 I had a craving for hotdogs, I nipped to tesco, got the rolls, the dugs, onions, mustard.... I was then confronted by a small bottle of Ketchup at nearly 4 quid, oh hell no. Thanks for ruining my hotdogs, Tesco. Quote Link to comment Share on other sites More sharing options...
Diadora Van Basten Posted September 27, 2023 Share Posted September 27, 2023 I think that inflation might not be a bad thing just now if they had not raised interest rates. The gap between the haves and the have nots has got too large and if the have nots are earning more in their pay while the haves see their spending power reduced it seems fair. Raising interest rates punishes the have nots and rewards the haves. Quote Link to comment Share on other sites More sharing options...
Greedy Jambo Posted September 27, 2023 Share Posted September 27, 2023 1 hour ago, Diadora Van Basten said: I think that inflation might not be a bad thing just now if they had not raised interest rates. The gap between the haves and the have nots has got too large and if the have nots are earning more in their pay while the haves see their spending power reduced it seems fair. Raising interest rates punishes the have nots and rewards the haves. You lost me at the haves and have nots, not gonna lie. Quote Link to comment Share on other sites More sharing options...
il Duce McTarkin Posted September 27, 2023 Share Posted September 27, 2023 (edited) 2 hours ago, Lone Striker said: A bit harsh. Us regular Joes have very limited legal methods to reduce our tax bill by a wee bit. The ones in that graph on the right hand column are unlikely to be regular Joes - most likely big companies and very wealthy folk who employ savvy tax accountants to unearth loopholes and offshore investment hideaways. It's got **** all to do with means at disposal and everything to do with giving it a go. Claim for everything and write off as much as you can. 👍 Edited September 27, 2023 by il Duce McTarkin Quote Link to comment Share on other sites More sharing options...
Lone Striker Posted September 27, 2023 Share Posted September 27, 2023 5 minutes ago, il Duce McTarkin said: It's got **** all to do with means at disposal and everything to do with giving it a go. Claim for everything and write off as much as you can. WHen its legal and truthful, declaration, fair enough. But the sum total of all the average Joes' tax avoidance (mitigation is a less alarming term) in a year won't come to anything like the billions described in the right hand column. Quote Link to comment Share on other sites More sharing options...
Unknown user Posted September 27, 2023 Share Posted September 27, 2023 On 23/09/2023 at 11:35, XB52 said: It's the tory way. Blame the ones with nothing while letting the tax dodging millionaires have free reign. On 23/09/2023 at 12:51, joondalupjambo said: Summed up pretty well 👍 Quote Link to comment Share on other sites More sharing options...
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