At last, Joy 4 MEGA

[Mega]

http://www.guardian.co.uk/money/2011...ll-20-per-cent

Having had 5-10 years of F.I.R.E, having had every stinking lowlife being given WHATEVER they asked for so long as they had credit (& simple having a pulse would cover that) there is light @ the end of the tunnel...& for the over leveraged Buy 2 let leasehire BMW scum bag the light is another train coming.

"They" (the Goverment)have now backed off a numbers of things, the sale of all British woodlands has been dropped, the cutting back of housing benafits & quite a few other things have been dropped.

Meantime "They" have got MSM to start to "inform the sheep" that rates are going to START to rise. Now no way "They" can do a "Volker", but they do intend to pay lip service because they can't simply say "They watching" the bulsh*t inflation figs will NOT cut it anymore.

"They" know that a crash in house values are now on the cards, "They" like to have a controled reduction of 20-30% but frankly with the "fire" out in the F.I.R.E econermy & the MASSIVE tidel wave of unemployment & Large wave of inflation now forcing price higher everyday a crash is what its going to be.

Personaly i am delighted, the real joy for me is when petrol (Gas) hits £1.50....£1.75..Then £2.00 a litre. All those knuggleheads who bought cars that can't return more than 30 MPG are in effect going to be driving 10 MPG cars.....which is impossable.

Nope, this is the big change i prayed for, thank God (& the Fed) its almost here.
Mike

[GRG55]

Re: At last, Joy 4 MEGA

Meanwhile back in London...

[It ain't over until it's over, Mega. And it ain't over yet ].

Consultants warns bank bonuses could push up London property prices

by Ray Clancy on January 18, 2011

The first few months of this year are likely to be the best time for buyers in central London before those with big bonuses, according to consultants, snap up the best properties.

There has been a flurry of activity during the first two weeks of January, as buyers who started to look at the end of last year return to the market, keen to secure a home before cash-rich bankers are in a position to proceed with purchases, says a report from real estate consultants Cluttons.

Values of quality property in prime Central London continue to perform well, ensuring it remains an attractive, relatively low-risk investment during the downturn, the report points out.

‘It looks like big bonuses will be paid this year despite the Government’s attempts to intervene in the case of the state owned banks. Bankers are already starting to look for property ahead of their bonuses being paid, and buyers know it will only be a few weeks before this cash starts flooding into the market, creating fiercer competition and forcing sales to sealed bids,’ said James Hyman, partner for residential sales at Cluttons.

‘The first quarter of this year will offer the best window of opportunity for sellers, as buyers spending upwards of £1million will be keen to avoid the additional 1% rise in stamp duty tax coming into force in April, which will take their stamp duty bill to 5%. The limited amount of property for sale also presents excellent opportunities for sellers over the next few months,’ he added...

[don]

Re: At last, Joy 4 MEGA

I thought you were engaged

[Mega]

Re: At last, Joy 4 MEGA

I discount "The City" i mean the rest of Blighty