Credit deflation and the reflation cycle to come (part 6)

[belfastchild]

Sold my Siemens shares off ages ago.

Kept the freebie Siemens energy ones as it would have cost a fair proportion to sell them. Had been doing well recently. Havent checked today but I think if I were to sell them I'd still owe money on the selling fee!

Looks like the whole wind turbine industry just got a huge dose of reality.

Which means the UK is really, really fucked now energy wise.

[Joncrete Cungle]

30 minutes ago, M S E Refugee said:

Is the HMRC running out of cash?

Still waiting for my tax refund from January....

[M S E Refugee]

Just now, Joncrete Cungle said:

Still waiting for my tax refund from January....

Through which provider?

I wonder if I can fine the HMRC for late payment.

[Joncrete Cungle]

7 minutes ago, M S E Refugee said:

Through which provider?

I wonder if I can fine the HMRC for late payment.

From my self employed tax return. If I owed HMRC money I bet they would be all over me. They are useless don't reply to emails and good luck trying to get through on the phone to the workshy twits. The start of the collapse in state / public sector 'services' can't get an appointment at the GP either...

Edited June 23, 2023 by Joncrete Cungle

[Bobthebuilder]

Just now, Joncrete Cungle said:

From my self employed tax return. If I owed HMRC money I bet they would be all over me. They are useless don't reply to emails and good luck trying to get through on the phone to the workshy that's. The start of the collapse in state / public sector 'services' can't get an appointment at the GP either...

HMRC have been complete toss pots since the start of lockdown, I had to make a formal complaint to get anything done, I urge all of you to do the same.

Complain about HMRC - GOV.UK (www.gov.uk)

 

[DurhamBorn]

40 minutes ago, M S E Refugee said:

Is the HMRC running out of cash?

It makes you wonder doesnt it.More likely just another cock up,HMRC doesnt seem to function at all now,they are working through forms from 11 months ago in some cases.Of course most are working from home doing little,but can you blame them?.Like everyone else they will be driving to work past Abdul and his walking curtain wife never working a day in their lives.

[Bobthebuilder]

6 minutes ago, DurhamBorn said:

It makes you wonder doesnt it.More likely just another cock up,HMRC doesnt seem to function at all now,they are working through forms from 11 months ago in some cases.Of course most are working from home doing little,but can you blame them?.Like everyone else they will be driving to work past Abdul and his walking curtain wife never working a day in their lives.

My sister is an accountant, she packed in her job earlier this year to become a civil servant for the department of works and pensions. She gets London waiting money working from her home in Dorset, been in the job 4 weeks, now on a 2 week holiday in Greece.

I did tell her it was a good career move.

[Wight Flight]

48 minutes ago, Plan-b said:

And why not if he's a dodgy fecker and likely to get repo'ed half way through your tenancy you'd be best to know.

It is a good point. Will they offer the same protection to tenants of broke landlords as they do to broke mortgage owners?

[Axeman123]

3 hours ago, Axeman123 said:

I have had a thought: when people ring their mortgage lender to cry poverty, maybe they will be told to take a boat wanker in and kick the rent up to the lender!

Ahem

 

Why the mortgage crisis will turn home offices into rooms for lodgers

https://uk.finance.yahoo.com/news/why-mortgage-crisis-turn-home-190000631.html

[M S E Refugee]

4 minutes ago, Axeman123 said:

Ahem

 

Why the mortgage crisis will turn home offices into rooms for lodgers

https://uk.finance.yahoo.com/news/why-mortgage-crisis-turn-home-190000631.html

I might have to pile into Commercial Real Estate, now that lodgers will force people back into the Office.

[King Penda]

1 hour ago, M S E Refugee said:

Is the HMRC running out of cash?

Hope not I’m waiting for my 5k cheque 

[TNS]

HMRC staff allocation:

payments department: 10,000

refunds/repayments: 100

your call is important to us, please hold…

[King Penda]

30 minutes ago, Axeman123 said:

Ahem

 

Why the mortgage crisis will turn home offices into rooms for lodgers

https://uk.finance.yahoo.com/news/why-mortgage-crisis-turn-home-190000631.html

I’m way ahead of the curve rotfl. Sabastion and Henrietta take in an Abdul what could Possably go wrong . Hector there young boy thinks great Abdul will tuck me up in bed and read me bedtime story’s 

[Axeman123]

9 minutes ago, King Penda said:

Sabastion and Henrietta take in an Abdul what could Possably go wrong .

At least one of them is pretty much gauranteed to get sexually assaulted, 1/10,000 chance they all get their throats slit in their sleep one night.

EDIT: How TF do you background check someone that arrived without documents, and might also be lying about their starting point? Even if they are telling the truth about coming from a war zone, that isn't exactly helpfull for record keeping.

Edited June 23, 2023 by Axeman123

[wherebee]

6 hours ago, JMD said:

As you say there is always another prop - especially if a transfer of wealth is on offer.

I think the incoming Interest only deals from the banks will need an extra sweetener given to the lender. So maybe the new mortgage contracts could have a small print addendum. Perhaps the option of 'giving back' say 1/2/3% of house equity per year to the mortgage lender in return for lower interest rate. Over only 30 years much of this country's housing wealth could be removed from private ownership.

Here in Victoria, the state gvt has a cunning scheme where they give you 15% of your borrowing at near 0% interest.  Catch is they own 15% of the property and any repayment off the mortgage have to come off their bit first.  If the house goes up in nominal value, you owe them 15% of the new value.

Over time I expect them to grow that 15% up (for good reasons, of course, what are your heartless?) and then bundle all those loans into bonds to sell to the private sector.  

Utter cunts.

[leonardratso]

hm m ds smith took a dive last few days, looks like the 75% increase in pre tax profits doesnt make up for a 40% slump in demand, which reminds me, ive got a load of cradboard to burn.

[Axeman123]

1 minute ago, wherebee said:

Here in Victoria, the state gvt has a cunning scheme where they give you 15% of your borrowing at near 0% interest.  Catch is they own 15% of the property and any repayment off the mortgage have to come off their bit first.  If the house goes up in nominal value, you owe them 15% of the new value.

Over time I expect them to grow that 15% up (for good reasons, of course, what are your heartless?) and then bundle all those loans into bonds to sell to the private sector.  

Utter cunts.

Shared ownership in effect.

I doubt that any banks etc will be seeking price exposure in this current sinking market though, unless they have a nominal floor on the value of their share as well.

[Option5]

5 minutes ago, wherebee said:

Here in Victoria, the state gvt has a cunning scheme where they give you 15% of your borrowing at near 0% interest.  Catch is they own 15% of the property and any repayment off the mortgage have to come off their bit first.  If the house goes up in nominal value, you owe them 15% of the new value.

Over time I expect them to grow that 15% up (for good reasons, of course, what are your heartless?) and then bundle all those loans into bonds to sell to the private sector.  

Utter cunts.

Equity release 

[King Penda]

17 minutes ago, Axeman123 said:

At least one of them is pretty much gauranteed to get sexually assaulted, 1/10,000 chance they all get their throats slit in their sleep one night.

EDIT: How TF do you background check someone that arrived without documents, and might also be lying about their starting point? Even if they are telling the truth about coming from a war zone, that isn't exactly helpfull for record keeping.

I had it with a previous inhabitant of next door ie the safe house.it’s got 2 Kurds in it at the moment. The one before was an African the kids were in the back garden and I heard him say something surgestive im wtf straight outside and I’m like get here you black cunt . I never saw him again . A week later the owner of the house (I’ve got his number now and the Kurds social workers number ) was around cleaning for his next tenants .I was like why do you rent it to fucking scum he is I want to give something back to society I’m like fuck off it’s for the money . He is from London lol.he kept a straight face and said honest I’m like where’s the wog gone .he said I was rang and told by one of his neighbours if he ain’t moved out he will be battered senseless . I’m like o you think it’s me do you . He is like no it’s the other side ie my phyco next door but one neighbour he must have been in his back garden and heard everthing fuck 

Edited June 23, 2023 by King Penda

[King Penda]

Living next door to a safe house for youngsters might sound like a horror story . But it has its funny moments it’s often empty . Unbelievably it’s normaly quiet the Kurds seem to have stoped their call to prayers . The best was 2 girls maybe 16 /17 that used to walk around topless in the back yard to attract my lodgers attention he fucked both of them twat . But they would stand there topless wearing thongs talking to us with zero shame . Fantastic lol.the most proud moment was a young lad lad from a difficult back ground he was having a party from university but some twats had said they were gatecrashing .he came and told me and phyco neighbour he was terrified of upsetting us . What he did not expect was me and phyco neighbour to say great carry on with your party but tell the twats you’ve hired door staff they can bring it . He did they came and er changed there mind about gatecrashing he got kudos has everyone believed he had actually hired doorstaff for the night 

[Bus Stop Boxer]

2 hours ago, Axeman123 said:

Ahem

 

Why the mortgage crisis will turn home offices into rooms for lodgers

https://uk.finance.yahoo.com/news/why-mortgage-crisis-turn-home-190000631.html

This is what the WEF get embiggened over.

[King Penda]

13 minutes ago, Bus Stop Boxer said:

This is what the WEF get embiggened over.

Yep and those with 2 spare bedrooms will soon be vilified and taxed accordingly I’ve warned you this is coming under not yet introduced green  taxes 

[Bus Stop Boxer]

2 minutes ago, King Penda said:

Yep and those with 2 spare bedrooms will soon be vilified and taxed accordingly I’ve warned you this is coming under not yet introduced green  taxes 

According to the WEF your spare bed room will be used for business meetings while you're out.

Thoughts?

[Wight Flight]

1 hour ago, leonardratso said:

hm m ds smith took a dive last few days, looks like the 75% increase in pre tax profits doesnt make up for a 40% slump in demand, which reminds me, ive got a load of cradboard to burn.

Can Antalis please fuck off and die as well?

[leonardratso]

16 minutes ago, Wight Flight said:

Can Antalis please fuck off and die as well?

never heard of them, still that will teach me for putting money into a boring product that i go to great lengths to avoid buying. Suppose its got lots of uses but its all invisible to me, it just exists, like mould.