Reply to: New powerful bank shaping Britain's future

[ThomasSoerensen]

MT

thats my balance after the kids have been at it.
little buggers

[EternalOptimist]

MT

thats my balance after the kids have been at it.
little buggers

[ThomasSoerensen]

M is the shape of the future. We have gone up, we have gone down, we have gone up again. Enjoy the rest of the ride. Canned beans & gun's 'n' ammo is the way forward.

[expat]

http://news.bbc.co.uk/1/hi/business/8193467.stm

"Last year, we had hordes of people wanting to sell and nobody buying; now it's the exact opposite."

Last year, we had hordes of people wanting to sell at inflated boom prices and nobody buying at those prices; now it's the exact opposite: we have hordes of people wanting to buy at the giveaway prices that the media tell of but nobody selling at those prices.

[Menelaus]

Of course an estate agent would never talk the market up.

WHS

Part of the reason that the only "kosher" HPI is that published by HMLR is that HBOS / LBG one contains information from their estate agency business.

[sasguru]

Sounds very plausible, but they'll be clobbered for gift tax if they're not careful.

The Government must be seething at this lack of "fairness"

Maybe parents are taking part ownership of the properties, not "gifting" them.
So in the past they may have given £20K as a gift, nowadays the lenders aren't lending without much higher deposits - so if they put in 100K they will expect something back.

[bobhope]

Of course an estate agent would never talk the market up.

[OwlHoot]

Have been actively looking into this. It's obvious what's happening - older folk are getting no return on their savings and therefore are putting it in housing.
So yes another boom in the making.

Sounds very plausible, but they'll be clobbered for gift tax if they're not careful.

The Government must be seething at this lack of "fairness"

[Menelaus]

W-Red

Worried?

W-shaped recession.

We're in a double-dip.

[sasguru]

looks like a double dip to me

L



HTH

[DiscoStu]

looks like a double dip to me

Time to fill your boots before the great depression begins

[EternalOptimist]

looks like a double dip to me

[Churchill]

I've one letter to give you, and one letter alone - and that letter is ...

W

W-Red

Worried?

[sasguru]

Is this short for WTF?

No I think he's calling you an onanist.

[Bright Spark]

I've one letter to give you, and one letter alone - and that letter is ...

W

Is this short for WTF?