tag:blogger.com,1999:blog-32841798.post7188747263271224889..comments2024-03-18T16:33:31.633+00:00Comments on Capitalists@Work: Coherent RageCityUnslickerhttp://www.blogger.com/profile/15929544047783163175noreply@blogger.comBlogger43125tag:blogger.com,1999:blog-32841798.post-41355014963019080472017-06-15T11:13:02.134+01:002017-06-15T11:13:02.134+01:00Bristol is where the sort of people who'd have...Bristol is where the sort of people who'd have squatted in London in the 70s/60s now go, enough diversity to be vibrant, not enough to be uninhabitable (though it helps to be streetwise). Clifton is Notting Hill 2.0 but even safer and a lot prettier. The mindset has trashed London, now it's Bristol's turn (witness the recent Colston Hall name change). Wonder where the invite-the-world crowd will go when Bristol's gone? <br /><br />Not a great city for cycling though, far too many hills. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-10478351310840964652017-06-15T07:59:39.412+01:002017-06-15T07:59:39.412+01:00Charlie old boy,
I'm afraid this stuff is real...Charlie old boy,<br />I'm afraid this stuff is real.<br />E.G.<br />https://globalparliamentofmayors.org/mission-statement/<br /><br />https://globalparliamentofmayors.org/rights-of-city-citizen/<br /><br />https://www.compactofmayors.org/history/<br /><br />Anonymous 7.16Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-62743079952343558832017-06-14T23:39:25.899+01:002017-06-14T23:39:25.899+01:00EK - the tories are starting to turn on landlords ...EK - the tories are starting to turn on landlords too, egged on by HMT civil servants I suspect. Feathers, geese, hissing and all that. Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-47924401158207112692017-06-14T22:01:23.193+01:002017-06-14T22:01:23.193+01:00Anon at 3.38
For every landlord with a portfolio ...Anon at 3.38<br /><br />For every landlord with a portfolio Labour gets a portfolio of voters, to the Tory's one. <br /><br />Mrs Thatcher knew the conservatist significance of stakeholding in a society. Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-37266244191054986852017-06-14T21:17:18.064+01:002017-06-14T21:17:18.064+01:00"Have a think chaps."
I stopped reading..."Have a think chaps."<br /><br />I stopped reading when you suggested that global elites are using cycling to subvert democracy.Charlienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-75613556046579488252017-06-14T20:12:02.313+01:002017-06-14T20:12:02.313+01:00Further to my post Anonymous 7.16 above.
Bernie Sa...Further to my post Anonymous 7.16 above.<br />Bernie Sanders no less was in Bristol for a meeting/rally for invited socialists in Bristol in the week leading up to the election. Very quiet and hardly reported. I wonder where else he had been.<br />I suggest two things;<br />a. labour used the facebook/social media campaign that Sanders had used in the US - very successfully - although he was shafted by DNC/Hillary Clinton.<br />b. This illustrates my point about the international socialists.<br /><br />Bristol is an interesting City in that it's Mayor Marvin Rees(Labour globalist) is obviously being groomed for bigger things. His media team actually includes J Corbyn's former spin meister.<br /><br />Bristol of course is one of the 'global cities' network in the UN programme which seek to propagate/co-ordinate the green/globalist/internationalist agenda policies agenda. Sanctuary City, multi-culti,cycling etc. this seeks/works to subvert national government. Strangely though it is the mayoral system favoured by NUlab -Prescott and on through to NuCon -Osborne - which facilitates this.<br /><br />Have a think chaps. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-27807909227153659822017-06-14T15:41:00.841+01:002017-06-14T15:41:00.841+01:00@EK - as others have said, sounds like you did you...@EK - as others have said, sounds like you did your dad proud.<br /><br />AFAIK there is nothing other than the threat of a fine to stop students voting twice. No idea if there was widescale abuse of it though, I hope not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-38458434515145061212017-06-14T15:38:29.362+01:002017-06-14T15:38:29.362+01:00@SL - Where are you getting your 'even with re...@SL - Where are you getting your 'even with rental' sums from? You've stated there isn't an index, nor would I expect there to be as it would have to incorporate rental returns and the likes of AirBnb - a 105k flat in Manchester centre will see you pull in north of 50k p.a. via AirBnB.<br /><br />"If everyone owned 5 to 10 houses..."<br /><br />First off, that's a facile argument, we *know* that won't happen. If everyone owned a Ferrari they'd be devalued, but it's not exactly an argument against having a Ferrari is it? Mainly as we know it won't happen. And that's before you get to the fact it would be something of an impossibility without everyone renting off everyone else.<br /><br />I'm also not stating it as an argument against having having a pension, just that if you can do it, it represents a better outcome. I thought I was rather explicit about not sticking all your eggs in one basket? A well rounded investment portfolio is the way forward and, yes, property should be part of that if you can achieve it.<br /><br />And right-to-buy for private tenants should only be a worry if you're overexposed. I don't agree with the policy, but if my tenants wanted to buy the place *now*, I'd be happy to sell at market value to them. If I expand my portfolio, that would go for any other tenants too. There are more houses to buy and do-up out there.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-84859831061387115302017-06-14T13:59:28.784+01:002017-06-14T13:59:28.784+01:00E-K, all of my children got two votes bar one who ...E-K, all of my children got two votes bar one who lives abroad and only got one. I guess if you wanted to go down the postal or proxy vote route (or fancied a bit of travel) you could vote twice, don't think there's owt to stop you.<br /><br />Bit like our so-called 'border controls' really. What's a Libyan who's not been given asylum doing in London at all? If he ain't there he can't stab anyone.<br /><br />Thus - I know it's a bigger country, but have you seen US demographic projections? When do we finally stop running? When the demographics are overwhelming? This isn't a dig, there's a reason I and half a million others left London to raise our kids.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-86805662869359463842017-06-14T11:53:10.438+01:002017-06-14T11:53:10.438+01:00PS, (back on theme)
Farage has a point I think.
...PS, (back on theme)<br /><br />Farage has a point I think. <br /><br />One of my lads (a student) got two votes. I don't know whether the Electoral Commission is on top of this or if there is an automatic prevention for abuse already in the system. <br /><br />It would certainly account for the increase in votes and the newly enervated Cult of Corbyn. (CoC for short.)<br /><br />This country is full of CoCs.<br />Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-69340881091836345012017-06-14T08:51:10.474+01:002017-06-14T08:51:10.474+01:00Thanks all. Thanks all. Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-56880992733834881022017-06-14T00:47:29.471+01:002017-06-14T00:47:29.471+01:00EK.It sounds like you did your Dad proud and now y...EK.It sounds like you did your Dad proud and now you continue to make things better for your lads...good work.Thudhttps://www.blogger.com/profile/18320037763190473684noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-18914742236725931212017-06-13T22:26:12.615+01:002017-06-13T22:26:12.615+01:00Kev - you obviously did the old man proud. Watch ...Kev - you obviously did the old man proud. Watch out for mum, now.<br /><br />Fine rant @ 6:40Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-35986657858214080092017-06-13T21:09:45.538+01:002017-06-13T21:09:45.538+01:00@SL - aren't you forgetting the value of resid...<i>@SL - aren't you forgetting the value of residual income?</i><br /><br />Yes you're right that the house price indices don't include rental income whereas the S&P500 does include dividend income. If there was such an index I would have used it. But even with rental income, global equities have outperformed UK property for the past decade. <br /><br /><i>5 - 10 houses represents a better return than most pensions, with minimal risk. </i><br /><br />Hmmm. Let's assume one house is worth 5 x average income. So 5 x house = 25 x times average income. So 25 x £25k = £625k. You're right that most pensions are worth less than £625k. But there is an obvious flaw here.<br /><br />If everyone owned 5 to 10 houses they would be worth jack shit. But everyone needs an income in retirement. So if there were no pensions (and there should be no reason everyone able to work can't save for pension) then the government would have to tax the households with 5 houses to pay the pensions of the other 4 households wouldn't they?<br /><br />As for minimal risk, I thought this post was about the political risk of a very left wing government. Doesn't Corbyn flirt with a right to buy for private tenants for a start?<br /><br /><i>if only I'd sold up and put all my money on Leicester last season I'd be fine!</i><br /><br />Well I've got a tenner on an England / India final in the ICC @ 6/1 and £2.50 each way on Mr Dhawan to be top tournament run scorer @ 25/1. So looking good so far. But this isn't saving or investing, it's gambling. <br /><br />I appreciate much of the British public think houses = investing and stock market = gambling but they are wrong.<br />Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-77892687556670884482017-06-13T19:21:00.355+01:002017-06-13T19:21:00.355+01:00Ashcroft exit poll data shows it was the over 65&#...Ashcroft exit poll data shows it was the over 65's that caused loss of a majority.<br />The situation may not be as dire as it first appears. It seems at least 20-25% of the elderly voters, didn't vote for May.<br /><br />They probably didn't vote at all. More data will be available soon.<br /><br />For some reason May's decision to take away their winter fuel payments. Take away the equity in their homes, essentially an inheritance tax only for dementia suffers only. And say she might or might not whack up VAT , was less compelling a reason to vote for her, than Corbyn promising £30,000 to every university student for them to vote for him.<br /><br />Who knew ?Bill Quango MPhttps://www.blogger.com/profile/14861116614665461655noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-59271948549237793712017-06-13T19:16:30.155+01:002017-06-13T19:16:30.155+01:00A few thoughts on my long return drive today:
1. T...A few thoughts on my long return drive today:<br />1. There is a Globalist Uniparty. In the US this cuts across Dems and Repubs which largely comprises the opposition to D. Trump.<br />2. Above party has succeeded in co-opting the left, particularly the young educated under progressive education system of last 30 years. Such people are being fooled big time. False charities such as WWF make millions out of them. Easy group to manipulate through social media on which their lives are focussed.<br />3. UK elite has totally signed up to Globalism (of which EU is a structural part).In fact UK has been leading light as it means global finance and money for City of London. Common Purpose is real. Mind rule through P.C. Degradation of socirty through fragmentation, immigration etc. If globalism was to work 'Britain' definitely had to be broken. Middle class (as in US)are 'boiling frogs' and will be screwed royally.<br />2. UK Party labels are now totally useless. There's what was formerly known as the LibLabCon but is now the Globalist Corporatist pro-Immigration Bankers party. This group include Blair Mandelson Osborne etc. The new establishment.<br />3. There is a rump of politicos who still subscribe to traditional Conservative views and a smaller group of politicos who are old Labour /Socialist. Corbyn and his friends sit there somewhere as international socialists.<br />4. Voters by and large don't see this and view through outdated spectrum, happily aided by MSM.<br />Where are we headed?<br />Not optimistic.<br /><br />p.s. EK your Dad's funeral and your role in it must have brought you huge comfort.<br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-37244405520038440812017-06-13T18:50:32.536+01:002017-06-13T18:50:32.536+01:00Anon 6.11
Good for you.
It would be just my luc...Anon 6.11<br /><br />Good for you. <br /><br />It would be just my luck for a collapse at the height of my exposure and why I haven't done it. That's the risk with property - several years of over-leverage if one cannot buy without a large mortgage. <br /><br />Instead I bought a bigger gaff with plenty of lodger potential. Rent-a-room is quite generous on tax. Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-24849522087854482017-06-13T18:40:55.853+01:002017-06-13T18:40:55.853+01:00My Whatever His Name is Today was doing alright un...My Whatever His Name is Today was doing alright until he got high on hubris and started ascribing to us comments and beliefs that we don't hold. The kudos has taken a bit of a dent lately. <br /><br />In fact, I'd been predicting similar but won't crow about it and the person who is really most prescient in this is the great Peter Hitchens, who not only told us how Brexit would be sabotaged but why. <br /><br />We would not be allowed a party to form to take us out. He exorted that we should not attempt Leaving before a Eurosceptic party was elected. I wish I'd listened. <br /><br />Then we have Yannis Varoufakis claiming the same and that we should have chosen to Remain in ... and against. <br /><br />I was not wrong to desire Brexit but now concede that it is impossible on our terms. (Because of the fifth column)<br /><br />Where Whatever His Name Is Today can fuck right off is in his demonisation of our older citizens. <br /><br />They wanted none of this house price inflation. <br /><br />Like he they wanted a return to real money, honesty, graft and to get our workshy off their arses instead of continually compensating for their inactivity with immigration - they hate indebtedness and the sky rocketing debt - whilst in the EU incidentally - is not lost on them. <br /><br />The Conservative Party they craved was barred from them.<br /><br />The betrayal by May is easy to spot. It did not take a genius to work out a strategy to reduce the Brexit mandate (a problem to a Remainer like her - not a benefit.) All she had to do was delay, delay, delay and this is what she did. When that failed, delay again by throwing a General Election and by making the most lacklustre attempt to win in human history. (Word has it that Juncker encouraged her to do it.)<br /><br />It came out of the blue - after we'd cleared the Great HoC/Miller prevarication.<br /><br />(How can you not see this, Nick ?)<br /><br />MWHNIT's pejorative 'Chintzy' lays bare a visceral hatred of conservative Englishness and older people. It exposes his/her lack of originality and his subscription to the full brain-washing "turn against your elders" subliminal messaging from the Left and the BBC. (I don't know how old MWHNIT is.)<br /><br />Be under no illusion. We over fifties, white English are now the enemy in this country. <br /><br />Well. I had sympathy with the Snowflakes before but fuck them too. <br /><br />Voting for Corbyn whilst rejecting their elders ?<br /><br />HG Wells' Time Machine. Eloi voting to be boned by Morlocks (or should that be Moor-Locks ?)<br /><br />You must be pretty naive to not see that importing competitors for both your job and housing is making you poorer. <br /><br />It's too late to take from me what I've already had and there's always euthanasia (not the worst option in my recent experience.)<br /><br />The West is doomed and I hold that if we go down it does too. <br /><br /><br />6:31 pm DeleteElectro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-28152221493017284092017-06-13T18:36:31.780+01:002017-06-13T18:36:31.780+01:00Nick Drew
Thank you so much for directing me to I...Nick Drew<br /><br />Thank you so much for directing me to Invictus. Also the tips on writing by Scott Adams. With careful use of alliteration I was able to deliver the 'most stunning' eulogy for my father. <br /><br />Thank heavens ! A full honour guard from lots of organisations and several retired London police commissioners present - over 200 in the congregation. (Big man, my Dad.)Electro-Kevinhttps://www.blogger.com/profile/18073103431166273080noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-44848428272069434082017-06-13T18:11:40.882+01:002017-06-13T18:11:40.882+01:00@SL - aren't you forgetting the value of resid...@SL - aren't you forgetting the value of residual income?<br /><br />I rent out my old house, and it pulls me around a £100 a month profit which funds a day out. Once the mortgage is gone on it (sometime next year hopefully), it'll pay most of the mortgage on my current property.<br /><br />5 - 10 houses represents a better return than most pensions, with minimal risk. A collapse in house prices means nothing IF you're not over-leveraged. A collapse in rental prices reduces the residual %age of value, but is still 'free' income, again as long as you're not over-leveraged.<br /><br />You'd be an idiot to stick all your eggs in one basket of course, but property is still a good investment.<br /><br />I've got a good tenant too, so I keep the rent under the area's average, no point being greedy and I like to reward good behaviour.<br /><br />As for dollar/euro value, as the other Anon pointed out the UK operates in sterling, so it's a meaningless comparison to the internal market, albeit one for the external market to make note.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-36632126143116365542017-06-13T17:45:06.197+01:002017-06-13T17:45:06.197+01:00But SL, we live in the UK and are paid in sterling...But SL, we live in the UK and are paid in sterling, so housing is a lot more expensive for us - the fact that it's cheaper for others is not a good thing. Few Brits have the luxury of gambling ... if only I'd sold up and put all my money on Leicester last season I'd be fine! <br /><br /><br />Corbyn's getting some good if obvious cracks in today in Parliament, talking about May's Coalition of Chaos and stating that the Labour Party stands ready to provide the strong and stable leadership the nation needs. The Blairites who've been attacking him all year are cheering. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-20393275858323638862017-06-13T17:19:41.709+01:002017-06-13T17:19:41.709+01:00Aren't something like a third of properties in...Aren't something like a third of properties in the UK owned outright - i.e. with no leverage?<br /><br /><a href="http://markwadsworth.blogspot.co.uk/2017/01/guess-what-chart-is.html" rel="nofollow">I've done the maths on this before and drawn the charts</a>. <br /><br />Basically, from 2007 to 2017 UK house prices were down aboput 25% in US dollars whereas £1 invested in the S&P500 (in 2007 before the bubble burst) is worth £2.20 and more like £5.50 if you bought at the bottom in early 2009.<br /><br />You're right that someone who needed somewhere to live in the UK would generally have been better off taking on a mortgage in 2007 and owning for the last 10 years. But someone with lots of equity, or who owned outright, would have been better off renting and keeping their money in global equities.<br /><br />UK houses are flat or down against all other major currencies over the last decade. <br />Steven_Lhttps://www.blogger.com/profile/05029437876479574883noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-2909842790691021712017-06-13T16:45:50.045+01:002017-06-13T16:45:50.045+01:00@"Readers of this blog would I'm sure hav...@"Readers of this blog would I'm sure have been invested in non-sterling denominated assets for a while, but it is still rather difficult to outpace house price growth as most of us don't leverage our bets on the stock market."<br />I haven't but I wish I had done so.L fairfaxhttps://www.blogger.com/profile/12274756119129254373noreply@blogger.comtag:blogger.com,1999:blog-32841798.post-6278385762314309622017-06-13T16:44:47.254+01:002017-06-13T16:44:47.254+01:00"that massive devaluation they see as a nice ..."that massive devaluation they see as a nice social leveller after all"<br /><br />No, it is devaluation of the currency via QE and ZIRP that has led to the current economic mess and resulting societal divisions in the first place.<br /><br />Readers of this blog would I'm sure have been invested in non-sterling denominated assets for a while, but it is still rather difficult to outpace house price growth as most of us don't leverage our bets on the stock market.Charlienoreply@blogger.comtag:blogger.com,1999:blog-32841798.post-73440622350366571682017-06-13T15:51:12.445+01:002017-06-13T15:51:12.445+01:00Looks like it's 5 weeks, not 3 (or 7)
"I...Looks like it's 5 weeks, not 3 (or 7)<br /><br />"If the House of Commons, with the support of two-thirds of its total membership (including vacant seats), resolves "That there shall be an early parliamentary general election" ... the Monarch (on the recommendation of the prime minister) appoints the date of the new election by proclamation. Parliament is then dissolved 25 working days before that date"<br /><br />the "reason" for 7 weeks would thus have been that they like to tidy up some "essentials" in Parliament<br /><br />so she could have gone for 5 weeks and one day, which alone would prob have saved the outright majority<br /><br />(or not at all, of course ...)Nick Drewhttps://www.blogger.com/profile/13670594203660051701noreply@blogger.com