Nanny bans mortgages of more than 3 x income

don't be silly....she knew her position better than the mindless box tickers in the bank.... she knew she was much more responsible and determined than average she bid her ability and self-knowledge and won a start on the merry- go-round....that is the way real life works...

i still believe you may be a red !!

and they also eat scraps.... you can be a smug sort of fellow holmes :-)

pray hard...

regards

Reply to
abelard
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indeed......and snow shouldn't be cold.... the clown should do something about it

Reply to
abelard

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>> FSA-to-cap-mortgage-borrowing.html >>>> So is nanny going to cap the average house price also? An average salary >>>> (£20k?) won't get you much, even with the crunch... >>> All speculative bubbles burst. Much to the relief of people who buy >>> tulip bulbs to grow tulips. >>

ok....this is how the sharpies will act....

simple.....put it on the market......and reduce the price by £1000 a week...or 1% a month or any other device you may choose....

if you seriously want to unload it....look at all local similar prices and put yours up for 10% or 20% less....

the longer you wait as long as prices are falling the worse your situation will become....until the market turns... if you drop your price by 5%...and the rate of fall means that in a month the market drops by 5% you won't have the money in the bank earning 20%.... and you won't have the cash when the market bottoms... at which time you'll probably get outbid...

meanwhile rent a place and watch the market falling by more than your monthly rent

regards

Reply to
abelard

he works on the principle that 'new' labour's potential voters are stupid, even more stupid than he is (as they are) he relies on the fact they'll forget what he said by supper time... he's relying on the fact they won't understand his empty slogans anyways...they mostly don't mean anything real anyway...

all he's trying to do is to pretend to be a caring big brother....

he doesn't give a toss what he says as long as he can confuse and generate headlines that suggest he is 'doing something' ie, that he is useful instead of the grim reality....

this mess is being sorted by central bankers not idiots like the clown

regards

Reply to
abelard

Which wasn't what you said last year.

Something about 'the market' wasn't it...

Mind you, you're the one who told people not to buy gold in the middle of last year...

Hur hur hur...

Reply to
William Black

i wasn't paying attention to the uk banks at that time....

as i wasn't attending to the uk banks i doubt i said such a thing in that context....(i had no reason to, as i have regarded the uk stock market as heavily over-priced for at more than a decade)

though as a generality is would prefer the markets to politicians... let alone cult socialists like the clown....

the markets have stained the uk bankers...the markets tend to root out diseases...the market has done just that....

plus....for the 709th time...banks are a joint venture between markets and the government money cartel....and the government is in the driving seat.... banks are then, not normal market entities....

stop lying please

Reply to
abelard

Neither was anyone else.

Or the US banks, which turned out to be the major problem.

But you're the one who pontificates about economics and claims to know the secrets to save the world.

No it hasn't.

Greed did it.

Nothing to do with markets at all.

People have been talking about how 'financial instruments' will destroy the world's economy for almost a decade now.

Oh yes you bloody did.

What's more this isn't the first time you've been called on it.

And if I have my way you'll get called on it again and again and again, until gold goes below $500, which I very much doubt it ever will again...

Reply to
William Black

'William Black' wrote this:

Are your comments so profound that you have to post them 4 times?

Reply to
aracari

You didn't need to go that far. I grew up in St Albans, but found that 10 miles up the road in Luton, house prices were 1/3 those in St Albans [in

1989].

Of course not all 'Albanians' want to live in Luton...

Meanwhile St Albans prices are still high, like a Victorian terrace for £465K, just sold (don't know for how much though).

Reply to
Bartc

Oh Mr Market took care of everything fine didn't he?

Reply to
Mark, Devon

very likely.....but it wasn't my job and i wasn't being paid to do it... others were

most us banks have been ok....

you should try to understand mark-to-market...it has radically changed the parameters

do make at least desultory efforts to grow up....

don't be dippy

did what?

oh dear.....give me patience with this old fart

rotfl.... and others are still blathering on about the 9/11 conspiracy...the protocols of zion...or perhaps are waiting for the rapture....

what on earth do you believe an object called 'the world's economy' looks like? try defining 'it'......that is 'the world's economy'

and then define what it looks like in the real world when it is 'destroyed'....

is it like a table with the legs off?....or is it like a table that has been burned to death on a bonfire?

that's because you can't read well....and you're far from the only one...

you're lying... you have options...

Reply to
abelard

perhaps it's because they're so silly he has to do that in order to convince even himself!

regards

Reply to
abelard

when is brown the clown going to be removed?

Reply to
abelard

'abelard' wrote this:

He doesn't care and I don't want, or need, a big brother. Sadly, I have no choice...

My confidence in King has fallen a lot in recent times given his silence before the crises and his role in the spending spree etc. Somewhere between M Holmes good understanding of the bubble logic and his favoured solutions, lie my own solutions. But what I see happening is far too much and IMV will extend the period of painful recovery and will cost the 'good guys' a lot of money.

Reply to
aracari

'Mark, Devon' wrote this:

Yes he always did, but those in govt ignored that he needs good regulatory oversight, else he gets a tad overexcited.

Reply to
aracari

'abelard' wrote this:

That's twice you've asked him that in two days, and he still hasn't responded. I wonder why?

Reply to
aracari

I'm still here you know.

FoFP

Reply to
M Holmes

The markets are a tool. Any tool can be used and misused. Think how easy it would be to kill someone with a hammer. People tried to use the markets to get rich without working through buying Golden Tickets, borrowing against them, and then cooperating to bid the prices of those Golden Tickets to the Moon.

The markets as always will give people what they want, at a cost. It couldn't do so forever because we can't create infinite amounts of credit, so now the bill arrives.

We've misused a tool and injured ourselves as a result. Are we going to blame the tool?

FoFP

Reply to
M Holmes

The kindest thing I can say about Brown is that when he came to power in

1997, the greatest credit bubble in history was raging and he mistook it for a personally-wrought economic miracle.

Instead of reining it in and saving Britain a huge amount of economic grief, he encouraged it, even taxing the bankers fomenting it at a substantially lower rate than the servants they employed.

Now having already wasted what we've paid in taxes for the decade he was Chancellor, and raiding our pensions besides, he is spending much of what we'll earn in the next three or four decades. It will most likely be two generations before we can fully recover from his current depredations.

Why is he doing this? It is a desperate attempt, born of hubris and vanity, to try to avoid going down as an unelected Prime Minister and as the worst Chancellor in British history.

The tragedy here is that he fought his entire life for these jobs and never had the self-knowledge to realise how incompetent he'd prove on gaining them.

Many of the next generation will have reason to wish he'd become a clergyman like his father.

FoFP

Reply to
M Holmes

I think you'll find that according to the laws of chemistry and physics snow should be cold...

Reply to
mogga

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