grobyfox1990

Hello History books - pls refer to above comments as to why big mac man is so popular 🤦‍♀️ 🤦‍♂️

Yeh dunno, if they’re over levered, sell and have to pay an ERC to their high st mtg provider, cgt, break clause to their agent, break an AST if the buyer doesn’t wanna keep the tenant in situ. Not saying you’re wrong but can see how people get themselves into this pickle then blame it on someone else when it doesn’t pay off

£45k would go in tax, maintenance, upkeep etc. And guessing by the type of people they appear they likely donate money to a property mgr at 10% pm. Property market has fundamentally changed, most people can’t manage a decent yield on one rental property post covid, never mind 60. They’d be better off getting exposure to UK housing via an etf

12k jobs added in the non-farm payrolls for October! A horrendous result, so bad it almost feels like election interference. Consensus was around 100k. Any easy money made on Gilts in the week washed away with this announcement. If Orangeman had any sense he'd seize upon this devastating economic news. Most likely be seizing on a big mac instead

Logically true but honestly the amount of people you meet that cannot handle their affairs or structure themselves efficiently. Bet they've got a few German mid-range sports cars cars on finance deals, over levered on each property via a UK high st bank, a jacuzzi, a caravan, a pointless timeshare in Spain or some other nondescript European dump. It's amazing how low-IQ people can fritter their money away. As I said before these people keep the economy running which is great.

Too easy to blame it on laissez-faire regulation. There are many who have set up structures that are resilient to something as easily predictable as rising rates or a changing political environment. J&J are likely just a bit basic. Probably borrow money from a high st bank, levered up assuming rates would stay at 1-2% forever and thought they could up each rent by 5% pa with no complications.

Exactly, regardless of the political environment you structure your affairs appropriately and balance risk with reward. Clearly these people have spectacularly failed in that. They are very lucky with the time and country they were born in, as an efficient market/Darwinism would mean they're out on the streets if they are as dumb as they are but were born in the Congo.

Just shows that money does not give you brains or the ability to effectively control said money. You were born in the greatest generation ever, have built up that portfolio, but have to work at 77?! How dumb must these people be. Still, people like this wasting their money on things like cars on finance or unable to structure their leverage efficiently is what keeps the economy running. Now shut up and get back to work John and Julie.

If you are married you will be paying additional rate SDLT on any new purchases

Yep 4.47 on the 2yr and a 1 bip spread in 2-10 year. At last, the free lunch has presented itself!!

GODDAM Phil Bowman liked the comment! I thought he was exclusive to me Seems like he got a thiiiiiiiiiiing gooooing oooooooooooon with other posters. Yeh 'we are all a drain' is proper lazy guff. Kids and old people are a drain, but your man in his 40s at the height of his earnings capacity working non stop is not a comparative drain

Biden called Trump supporters garbage. McDonald's man best friend called Puerto Rico a floating Island of garbage. I think that is a direct enough comparison. The whole advent of false equivalence has now been taken so out of hand since someone latched on to it that no one seems to know what it is anymore. On this forum you'd have someone stealing a twix and stealing a snickers and claiming false equivalence if compared, because it was not the EXACT equivalent action. That is not what false equivalence means. Biden 'probably' shouldn't have said it? That is extremely dangerous. Calling half of the electorate that you represent 'garbage' should NEVER be said, in any context, by a sitting president.

This is so untrue that you actually deserve the incoming Phil Bowman emoji

This was genuinely brilliant. And a decent outlook into both campaigns. The same unacceptable slur was made by both sides. Harris - rant and holler and demand Puerto Ricans vote for her Trump - Put on a high vis, do an interview from a bin truck and hoot the horn.

Yeh good point. I have no idea of what old school Methodist culture prescriptively says but death isn't really dealt with in the West. When my grandparents died (all above 80) I remember lots of condolences coming in. Dude, they're over 80, this is natural life, it's to be celebrated not mourned. Covid response was also interesting, we took every step possible to avoid death at all cost, never mind the collateral damage. PS before Phil Bowman weighs in, I fully agreed with the lockdown at the time

Problem is, much like warming, you can wait but by then the damage could be irreversible

Good post, and we can see what will develop if an ageing population continues, see Japan and v low growth/productivity. There's an ageing population crisis and we have designed our world for people to live even longer, probably down to the deep rooted religious belief that death is the worst thing imaginable and must be avoided at all costs. There's an inflection point coming. Only so long the old can build high walls around themselves and dominate resources before the young revolt. Much like warming, there's a pretty obvious way to resolve this crisis that people won't talk about until it's too late, again prob due to religious beliefs. That's democracy and its the best of all the bad options IMO.

Yes an in joke from the previous days trump back n forth posts. Relax dude, Phil and I got a thing

You have to order a bottle at the yacht club and jimmy’z. After that life is complete

Yeh that is crap, you wanna see where everyone is coming from

I do like pudding, and you’re right, but the budget has created some easy headlines. Ie lots of Phil bowman types will now be thinking employer NI going up will have an impact on their pay tomorrow. It MIGHT affect your pay rise but you weren’t getting one anyway Phil. Wait and see, like you said

Ok just read further down the thread, that quote is not entirely true. Bloody Phil Bowman scaremongering again, the guy needs to chill out!!

When did the OBR say that?! How have I completely missed that bombshell, what context? That's huge news if so, shatters the whole pre-messaging tbf. Wonder what reaction this will have on Gilts..

Great post, although I fear Phil Bowman is going to read this and have a severe panic attack

Basic is the word. Listen to what the candidates are saying, read their policy intentions and assess what they've done in their previous terms. Life will not end on Nov 5 Phil Bowman.