Originally posted by dsc
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Originally posted by dsc View Post
I know we are talking average, but bloody hell houses must be cheap somewhere as everything in our local area is like double those figures easily. Yes wages might be higher, but not necessarily double...
3 bed house = £80kAlways forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Post
unless of course you have a cartel.
Milk is sold per pint and most retailers organise the bottling.
Milk is about £1 a pint in the shops yet £1.65 for 4 pints.
remember its 1.75 pints per litre so 39.43/1.75=22.53p per pint so 500% profit margin on a pint. only 100% profit on 4 pints.
https://ahdb.org.uk/dairy/uk-farmgate-milk-prices
retailers have a lot of bottle!
Principle still applies though. Companies can't just charge what they want because someone will undercut them.Comment
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Originally posted by dsc View Post
I know we are talking average, but bloody hell houses must be cheap somewhere as everything in our local area is like double those figures easily. Yes wages might be higher, but not necessarily double...
3 bedroom terraced house for sale in Fountain Street, Queensbury, Bradford, West Yorkshire, BD13 (rightmove.co.uk)
That's not a particularly terrible area either. It's not great mind, but not terrible.See You Next TuesdayComment
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Originally posted by Lance View Post
3 bed terrace £110k
3 bedroom terraced house for sale in Fountain Street, Queensbury, Bradford, West Yorkshire, BD13 (rightmove.co.uk)
That's not a particularly terrible area either. It's not great mind, but not terrible.- A beautiful 3 bedroom terrace property.
- Low maintenance front garden.
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Originally posted by JustKeepSwimming View Post
Milk is a bad example as it is a well known loss leader and wouldn't be VATable. Supermarket cartels are also on the top of the authorities watchlist.
Principle still applies though. Companies can't just charge what they want because someone will undercut them.
500% markup is hardly a loss leader.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by vetran View Post
milk is a great example as there is price transparency.
500% markup is hardly a loss leader.
Supermarkets have notoriously poor margins, talking like 3%. They aren't making 500% on bloody milk.Comment
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There was a house in Port Talbot for £60k.
But who in their right mind would want to live in Port Talbot?
The steelworks was the inspiration for Blade Runner. .
When the fun stops, STOP.Comment
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Bank Rate increased to 5.25% - August 2023
Full report here:
https://www.bankofengland.co.uk/mone...23/august-2023Comment
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Originally posted by Martin@AS Financial View PostBank Rate increased to 5.25% - August 2023
Full report here:
https://www.bankofengland.co.uk/mone...23/august-2023Comment
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