There is a lot of quibbling with @darkage's numbers, but I'm afraid he is broadly correct.
The reality is that the cost of inputs like bricks and glass have gone through the roof - mostly because energy makes up a very high proportion of their cost of manufacture.
With that said: it's worth remembering that house price building costs can go down as well as up. In the event of a house price correction, those materials would likely become cheaper too.
They went through the roof because of the US covid stimulus.
Apologies. I am not an expert in the slightest. Although my Dad was a brickie... How come newbuilds round here are still in five figures? Is that merely a question of size?
Actually, those numbers are about as good as you would hope. Europe can survive this winter, even if it is painful.
Hard to believe europe wont manage at least a 10% reduction given the prices and all the talk of shortages, never mind actual government driven measures on public buildings etc.
I'd like to see what maybe 15% reduction AND a cold winter does though.
Anyone who thinks that there is a forthcoming house price crash needs to answer the 'build cost problem' that I keep repeating, because no one has ever come back to me with any meaningful response.
The cost of building a house is about £2500 per square metre, so a small family home (100sqm) costs £250,000 just to build, because of rapid recent inflation in the cost of materials and labour, and recent expensive regulation.
A house price crash at the levels people envisage will lead to a shutdown of the third biggest industry in the UK (the real estate and development industry). No new build can ever happen because the cheapest these houses can be built and sold for (about £300k) cannot work for buyers. Even if you have a 75k deposit, the cost of servicing the debt on a £225k mortgage is about £15,750 per year (at 7%)- or £24750 if you are in a 25 year repayment mortgage. That is over £2k per month just in mortgage repayments before any other expenses - so double what they might be paying now with rates at 2%.
This means that very little or no housebuilding will take place because housing is unaffordable for people on average incomes, but demand will keep rising anyway due to immigration and new household formation. So rents associated with the existing housing stock will will just increase, and the housing market will be driven by investors exploiting this for good, stable returns.
It is not much to celebrate, just a catastrophe. @pigeon@kyf_100
No way big builders are spending £250k building a identikit house on a new estate.
I have a copy of "Build It" magazine with me, and their calculator has the following as build cot per SqM:
2 bed bungalow (90 SqM £165,700) at £1841 per SqM
3 bed house (160 SqM £223,100) at £1,393 per SqM
4 bed House (200SqM £266, 600) at £1,333 per SqM
These prices are before land and other costs, such as section 106 requirements etc.
I think @darkage is in the right ball park on costs. House building is a highly geared business, but that gearing works the other way in a sinking market.
Those are prices for single bespoke houses though.
Materials/labour/plant/scaffolding etc. For a straightforward design of standard quality. Before architects and site managers costs.
And there are economies of scale once you start building multiple ones on the same site.
I despise Southgate so much I’m not sure I can be arsed to watch the World Cup
He's not doing a great job at the mo, but "despise"?
Yes. Something about his earnest workmanlike decent-bloke waistcoaty dull dull dull persona just fucks me off. And no it’s not just the Knee and the Woke
There are plenty of super Woke people I find perfectly likeable
It’s probably, in the main, anger. I think he was given the best possible chance to win a major trophy - it was basically given to him at the Euros. At home. Feeble oppo. And he fucked it up because he’s a narrow minded mediocrity of a defensive loser, and always will be, and he blew it. Twat
England should sack him tomorrow and gamble on a wildcard coach
Just to muse on the train journey from London to Cornwall it did use to be something special when they had a proper dining car. In First Class, they would ask which sitting you wanted - two sittings, one for those getting off at Exeter and they'd offer second sitting for those travelling further down (I was going to St Erth).
They do still do proper at-seat three-course meals in a kind of half-dining car, if you pick the right train: https://www.gwr.com/travelling-with-us/pullman-dining -- I did that last year on my way back from a holiday in Cornwall.
Yes but it's not what it was on the old 125s with a full dining car. It's also a much more limited service whereas in the old days you'd get dining on the Royal Duchy, the Golden Hind and of course the Cornish Riviera.
I do hear good things about the Night Sleeper - train down and breakfast overlooking the sea in St Ives has a lot going for it.
Even without the Bank of England pushing up rates today, it seems likely that the standard rate on new mortgages and refinanced mortgages will be 5% by next week. This will have a big negative effect on the volume of housing market transactions and the value of houses, which...
in turn will have a significant negative impact on the economy and our general prosperity. In other words, it is the market that is already putting the brakes on the stimulus announced on Friday by the Chancellor, even without action by Bank of England - because markets are...
setting interest rates on the basis of where they assume the Bank of England will set its benchmark Bank Rate in coming weeks (the next rate setting meeting isn't till 3 November). This is one of the worst backdrops I can imagine for next week's Tory conference, the first...
to be addressed by Liz Truss as prime minister and Kwasi Kwarteng as chancellor. Both of them are supremely confident, but this mess would test anyone
At least the long range forecasts are showing more rain than they were before, which may bring wind with it and top up our sorely depleted water sources.
I despise Southgate so much I’m not sure I can be arsed to watch the World Cup
He's not doing a great job at the mo, but "despise"?
Yes. Something about his earnest workmanlike decent-bloke waistcoaty dull dull dull persona just fucks me off. And no it’s not just the Knee and the Woke
There are plenty of super Woke people I find perfectly likeable
It’s probably, in the main, anger. I think he was given the best possible chance to win a major trophy - it was basically given to him at the Euros. At home. Feeble oppo. And he fucked it up because he’s a narrow minded mediocrity of a defensive loser, and always will be, and he blew it. Twat
England should sack him tomorrow and gamble on a wildcard coach
For me, it's the waistcoats. Without them he would be in the dreary arse category, but they propel him to utter c--t status.
I despise Southgate so much I’m not sure I can be arsed to watch the World Cup
He's not doing a great job at the mo, but "despise"?
Yes. Something about his earnest workmanlike decent-bloke waistcoaty dull dull dull persona just fucks me off. And no it’s not just the Knee and the Woke
There are plenty of super Woke people I find perfectly likeable
It’s probably, in the main, anger. I think he was given the best possible chance to win a major trophy - it was basically given to him at the Euros. At home. Feeble oppo. And he fucked it up because he’s a narrow minded mediocrity of a defensive loser, and always will be, and he blew it. Twat
England should sack him tomorrow and gamble on a wildcard coach
Even without the Bank of England pushing up rates today, it seems likely that the standard rate on new mortgages and refinanced mortgages will be 5% by next week. This will have a big negative effect on the volume of housing market transactions and the value of houses, which...
in turn will have a significant negative impact on the economy and our general prosperity. In other words, it is the market that is already putting the brakes on the stimulus announced on Friday by the Chancellor, even without action by Bank of England - because markets are...
setting interest rates on the basis of where they assume the Bank of England will set its benchmark Bank Rate in coming weeks (the next rate setting meeting isn't till 3 November). This is one of the worst backdrops I can imagine for next week's Tory conference, the first...
to be addressed by Liz Truss as prime minister and Kwasi Kwarteng as chancellor. Both of them are supremely confident, but this mess would test anyone
I despise Southgate so much I’m not sure I can be arsed to watch the World Cup
He's not doing a great job at the mo, but "despise"?
theres no buzz about the world cup is there. Its only 2 months away but noone seems enthused. Maybe there are such big things happening in the world football doesnt seem so important
Just to muse on the train journey from London to Cornwall it did use to be something special when they had a proper dining car. In First Class, they would ask which sitting you wanted - two sittings, one for those getting off at Exeter and they'd offer second sitting for those travelling further down (I was going to St Erth).
I'll confess - you didn't eat on that train for the food but for the views which were, especially past Exeter, stunning.
The modern trains are comfortable enough and tailor to the current age - if you have your laptop, phone or tablet you can ride in comfort but it's not the same...
To be fair, the at-seat service, if you get on the right train, starts in the far west of Cornwall and you can enjoy it all for nothing right up to Reading.
Memories of KX to/from Edinburgh in the late 1960s. Proper stuff, Deltics and kitchen cars, and silver service in the dining car while galloping up Lincolnshire and Yorkshire. But there is something to be said for GNER/LNER and their First Class - which has meals and refreshments included.
I once had breakfast on a train going to Sheffield - late 70s or early 80s. I was amazed how the stewards (not waiters) kept their feet and the coffee (mostly) in the cups.
Anyone who thinks that there is a forthcoming house price crash needs to answer the 'build cost problem' that I keep repeating, because no one has ever come back to me with any meaningful response.
The cost of building a house is about £2500 per square metre, so a small family home (100sqm) costs £250,000 just to build, because of rapid recent inflation in the cost of materials and labour, and recent expensive regulation.
A house price crash at the levels people envisage will lead to a shutdown of the third biggest industry in the UK (the real estate and development industry). No new build can ever happen because the cheapest these houses can be built and sold for (about £300k) cannot work for buyers. Even if you have a 75k deposit, the cost of servicing the debt on a £225k mortgage is about £15,750 per year (at 7%)- or £24750 if you are in a 25 year repayment mortgage. That is over £2k per month just in mortgage repayments before any other expenses - so double what they might be paying now with rates at 2%.
This means that very little or no housebuilding will take place because housing is unaffordable for people on average incomes, but demand will keep rising anyway due to immigration and new household formation. So rents associated with the existing housing stock will will just increase, and the housing market will be driven by investors exploiting this for good, stable returns.
It is not much to celebrate, just a catastrophe. @pigeon@kyf_100
No way big builders are spending £250k building a identikit house on a new estate.
I have a copy of "Build It" magazine with me, and their calculator has the following as build cot per SqM:
2 bed bungalow (90 SqM £165,700) at £1841 per SqM
3 bed house (160 SqM £223,100) at £1,393 per SqM
4 bed House (200SqM £266, 600) at £1,333 per SqM
These prices are before land and other costs, such as section 106 requirements etc.
I think @darkage is in the right ball park on costs. House building is a highly geared business, but that gearing works the other way in a sinking market.
Those are prices for single bespoke houses though.
Materials/labour/plant/scaffolding etc. For a straightforward design of standard quality. Before architects and site managers costs.
Yes you can run the calculations on the Build it online calculator. But actually the ones reported by surveyors are regarded as being more accurate, but you can't access them without paying a subscription; they generally come out around the £2k sqm mark in the south east, as I understand it.
The figures also assume that a serviced plot exists with roads, utility connections etc all in place - but obviously all that costs extra money, not to mention the land itself.
I despise Southgate so much I’m not sure I can be arsed to watch the World Cup
He's not doing a great job at the mo, but "despise"?
He would probably get more sympathy if he hadn’t given it all the “I will pick players on form not the clubs they play for and who they are” crap. Luke Shaw….. Harry McGuire - the monster they left out of “Where the wild things are” because no monster is that clumsy so kids would never believe.
He could have a back three of James/Walker, Stones and Dier/Coady with wingers of trippier and Trent creating things for Kane and Toney up front whilst Rice holds and allows Foden and Belingham to run the midfield ragged or create but he is clueless.
Solid defensive middle, wingers/defenders for their clubs who are creative but also have defending skills, a dynamic young fast midfield who can block it out and Kane can stop playing “quarterback” and have a man up front to play off like Shearer and Sutton/Sheringham.
They do still do proper at-seat three-course meals in a kind of half-dining car, if you pick the right train: https://www.gwr.com/travelling-with-us/pullman-dining -- I did that last year on my way back from a holiday in Cornwall.
Yes but it's not what it was on the old 125s with a full dining car. It's also a much more limited service whereas in the old days you'd get dining on the Royal Duchy, the Golden Hind and of course the Cornish Riviera.
I do hear good things about the Night Sleeper - train down and breakfast overlooking the sea in St Ives has a lot going for it.
The Night Sleeper was what I did on the way *to* that Cornish holiday :-) And yes, I thought it was pretty good. For me the romantic idea of sleeper train travel usually wins out over the practical fact that I have difficulty getting to sleep on one, when I'm planning travel...
Apologies. I am not an expert in the slightest. Although my Dad was a brickie... How come newbuilds round here are still in five figures? Is that merely a question of size?
size, economies of scale and the minimal cost of London...
Just to muse on the train journey from London to Cornwall it did use to be something special when they had a proper dining car. In First Class, they would ask which sitting you wanted - two sittings, one for those getting off at Exeter and they'd offer second sitting for those travelling further down (I was going to St Erth).
I'll confess - you didn't eat on that train for the food but for the views which were, especially past Exeter, stunning.
The modern trains are comfortable enough and tailor to the current age - if you have your laptop, phone or tablet you can ride in comfort but it's not the same...
To be fair, the at-seat service, if you get on the right train, starts in the far west of Cornwall and you can enjoy it all for nothing right up to Reading.
Memories of KX to/from Edinburgh in the late 1960s. Proper stuff, Deltics and kitchen cars, and silver service in the dining car while galloping up Lincolnshire and Yorkshire. But there is something to be said for GNER/LNER and their First Class - which has meals and refreshments included.
I once had breakfast on a train going to Sheffield - late 70s or early 80s. I was amazed how the stewards (not waiters) kept their feet and the coffee (mostly) in the cups.
I used to have breakfast regularly on the train from Colwyn Bay to Euston and dinner on the way back with wine and it was first class service and made the journey a pleasure
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
A fascinating day politically - Rachel Reeves gave what I thought was a reasonable considered speech at the Labour Conference. I was slightly puzzled on one aspect - if you're going to condemn Truss and Kwarteng for irresponsible borrowing, fine but if you're still going to borrow the same and just spend it on something different (nurses) to what extent is that any more responsible?
I would have liked Reeves to have said more about reducing borrowing and thereby the deficit. That would give her more credibility on spending - it now seems expected Kwarteng is going for a savage round next year. Given current inflation, a freeze on current spending levels will be a near 10% real terms cut.
Unfortunately, if Labour choose to oppose the spending plans, they'll have to explain themselves how to square the borrowing circle. Reeves spoke of a windfall tax from energy companies - that will be popular of course though I have my doubts. Even so, to what extent would it plug a £45 billion gap?
The abolition of the NI levy has left a £12 billion funding gap for the provision of care for vulnerable adults and children. Put that on top of a severely tight spending round and you may see any number of authorities heading down the Section 114 route.
It's not 1980 - we don't have North Sea Oil or privatisation receipts to help fund the supply side revolution. We are also tight on labour capacity - how will the new growth be achieved if we can't fill the shortages of workers irrespective of how much fruit is in the shops?
A bit surprisingly I don't find Rachel Reeves particularly impressive, Though I would like to. Generally CoEs and wannabes sound as if they actually understand what they are talking about, and sound as if they understand all sorts of complicated stuff as well as being able to simplify it for the plebs. Clarke, Lawson, Gordon Brown (supreme at this), Howe in his sheepish prime, Darling (a fabulous politician, much under rated), Healey.
All of course met their various Waterloos - that's politics.
Bur Reeves doesn't sound as if she understands a word of it, and doesn't sound as if she is as clever as clever but good at talking to the rabble as well. I think it's a weak point in Labour's armour.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
Well they can fuck off
I suggest we ask them to “stop having coups” because they are frightening the horses
Anyone who thinks that there is a forthcoming house price crash needs to answer the 'build cost problem' that I keep repeating, because no one has ever come back to me with any meaningful response.
The cost of building a house is about £2500 per square metre, so a small family home (100sqm) costs £250,000 just to build, because of rapid recent inflation in the cost of materials and labour, and recent expensive regulation.
A house price crash at the levels people envisage will lead to a shutdown of the third biggest industry in the UK (the real estate and development industry). No new build can ever happen because the cheapest these houses can be built and sold for (about £300k) cannot work for buyers. Even if you have a 75k deposit, the cost of servicing the debt on a £225k mortgage is about £15,750 per year (at 7%)- or £24750 if you are in a 25 year repayment mortgage. That is over £2k per month just in mortgage repayments before any other expenses - so double what they might be paying now with rates at 2%.
This means that very little or no housebuilding will take place because housing is unaffordable for people on average incomes, but demand will keep rising anyway due to immigration and new household formation. So rents associated with the existing housing stock will will just increase, and the housing market will be driven by investors exploiting this for good, stable returns.
It is not much to celebrate, just a catastrophe. @pigeon@kyf_100
First time buyers make up a fraction of buyers. New-build homes make up a fraction of sales. You can still have a functioning market in which new-build homes are aspirational and out of the reach of most first time buyers.
If this kind of market doesn't work for the type of housebuilders (and land bankers) who build the kind of estates that generate opposition to building, then maybe we would be better off with fewer of them, and we could have a more continental market structure.
And it's at this stage that we should remind ourselves of how loose building regs have become and how shite many new build homes therefore are. Tiny little poky boxes full of tiny little poky rooms that people only think of buying because they're so desperate to escape the rental trap.
Council houses. Fucktons of em. Built to decent standards. If the state invests in enough good homes it'll put a lid on house prices, liberate chunks of people's incomes from being wasted on vastly overinflated rents and mortgages, and therefore pay for itself through investment and consumption in the remainder of the economy.
Ridiculous house prices are the great disease of the British economy, social rentals are the cure. Labour should snap to it.
There's already Birmingham if that model worked, but it appears people instead prefer to compete to live in desirable areas.
The entire point is that a large fraction of the populace can't "compete to live in desirable areas." They can barely afford to live full stop.
Besides which, much post-war public housing is desirable. Yes, some of it is in grotty tower blocks and sink estates, but well-constructed, low rise, spacious Sixties apartments, for example, often retail for a bloody fortune.
The aim of housing policy should be to prioritise quality, security and affordability of good homes over their commoditisation. Let us have an end to the attitude that all houses must be an investment designed to make their owners rich at everyone else's expense.
If there were sufficient, decent quality, affordable housing to go around then of course people who really wanted to live in swanky abodes - old manor houses in Oxfordshire, chocolate box cottages in Dorset, pieds-a-terre in Belgravia - could still "compete" for the privilege. It would just absolve the rest of us of having to waste our lives on this needless treadmill if we didn't want to. Decent, run-of-the-mill homes should be available to people at decent, run-of-the-mill prices, and not feel like unobtainable luxuries.
By and large, people who can "barely afford to live" are provided subsidised housing by the state or charities. Market housing costs affect people who can, in fact, afford to live; having done so, they devote much of their remaining income to the housing amenity from which they benefit every day of their lives, thereby competing with each other for it, and settling at a point where they can afford an acceptable balance of housing and everything else. I'm sure you can make new build standards very good and sell cheap if you tax other people enough for the subsidy, but once it comes to market again, it will cost whatever workers want to pay for it.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
Probably useful for Trussteng, being told to fall into line and do as we are told by globalists will get some backs up
I despise Southgate so much I’m not sure I can be arsed to watch the World Cup
I really don't like the World Cup being in Qatar, so getting knocked out early would suit me, as then I won't be torn about paying attention to it.
I don't want to be in the pub three days before xmas watching world cup footy. Fecking stupid idea.
Blatant corruption, sportswashing, and making mockery of all the values footballers and teams claim to stand for nowadays. And at a bloody stupid time of the season as you righly say. I'd love to see England win a world cup, but I'd hate it to be in Qatar.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
I have had difficulty getting a small trolley when I shop at Asda, even from the trolley parks, and I asked the customer service desk and believe or not they source their trolleys from Russia and have had to arrange alternative sources, and expect a supply by the 30th September
There is a lot of quibbling with @darkage's numbers, but I'm afraid he is broadly correct.
The reality is that the cost of inputs like bricks and glass have gone through the roof - mostly because energy makes up a very high proportion of their cost of manufacture.
With that said: it's worth remembering that house price building costs can go down as well as up. In the event of a house price correction, those materials would likely become cheaper too.
They went through the roof because of the US covid stimulus.
I'm sure that played a role with some things, but it can't explain why the price of bricks has risen so much in the UK, given the fact that bricks are not used in US construction.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
Well they can fuck off
I suggest we ask them to “stop having coups” because they are frightening the horses
Raphael W. Bostic is a wacky looking fucker, but I am sure we can all adhere to his proposals.
I have had difficulty getting a small trolley when I shop at Asda, even from the trolley parks, and I asked the customer service desk and believe or not they source their trolleys from Russia and have had to arrange alternative sources, and expect a supply by the 30th September
Amazing how this war interferes with so much
Crikey - how many do they get through? I recognise old friends at Waitrose, such as mr squeaky wheel…
Unless you pass a law criminalising certain bids, workers will use income and accumulated assets to bid for houses against each other. You can tax people to build two million nice council flats on fields across the country, but you will never convince them to compete less for desirable housing because some other fellow is getting a subsidised council flat.
Samuel Tombs @samueltombs · 4h If mortgage rates rise to 6%—as implied by markets’ current expectations for Bank Rate—the average household refinancing a 2yr fixed rate mortgage in the first half of 2023 will see *monthly* repayments jump to £1,490, from £863. Many simply won’t be able to afford this
There is a lot of quibbling with @darkage's numbers, but I'm afraid he is broadly correct.
The reality is that the cost of inputs like bricks and glass have gone through the roof - mostly because energy makes up a very high proportion of their cost of manufacture.
With that said: it's worth remembering that house price building costs can go down as well as up. In the event of a house price correction, those materials would likely become cheaper too.
They went through the roof because of the US covid stimulus.
I'm sure that played a role with some things, but it can't explain why the price of bricks has risen so much in the UK, given the fact that bricks are not used in US construction.
Well there is possibly a reason to ask, Why the fuck not? Necessity is the mother of invention, and there is no doubt we can work out a way of making houses more cheaply out of compressed straw or used coffee grounds or whatever.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
That's nice. I think 'Go fuck yourself' works as a response here.
Samuel Tombs @samueltombs · 4h If mortgage rates rise to 6%—as implied by markets’ current expectations for Bank Rate—the average household refinancing a 2yr fixed rate mortgage in the first half of 2023 will see *monthly* repayments jump to £1,490, from £863. Many simply won’t be able to afford this
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
That's nice. I think 'Go fuck yourself' works as a response here.
Why do you even bother to post? You're a pathetic poster.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
Well they can fuck off
I suggest we ask them to “stop having coups” because they are frightening the horses
US sticking their beak in is the Brexit style wedge she needs. 'Who are the US or anyone else to tell us how to grow our economy?'
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
That's nice. I think 'Go fuck yourself' works as a response here.
Why do you even bother to post? You're a pathetic poster.
Could you do your "20 points ahead" post more? I don't think I've seen it enough today.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
Well they can fuck off
I suggest we ask them to “stop having coups” because they are frightening the horses
We must be pretty significant after all, if even a non-budget can cause a global crisis.
Regarding build costs, I think that the rule of thumb is that the costs are 70% labour and 30% materials. There is some efficiency working at scale. As some people have pointed out, there are some new developments in the north of England where houses are being sold at a cost of £2000/sqm (so £125 k for a 2 bed house) I think this can be explained by very low labour costs, and economies of scale with materials - in these cases the actual build costs are likely to be something like £1000 per sqm. It may also be the case that these newbuild houses were built before the current rise in material costs.
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
That's nice. I think 'Go fuck yourself' works as a response here.
Why do you even bother to post? You're a pathetic poster.
Could you do your "20 points ahead" post more? I don't think I've seen it enough today.
Samuel Tombs @samueltombs · 4h If mortgage rates rise to 6%—as implied by markets’ current expectations for Bank Rate—the average household refinancing a 2yr fixed rate mortgage in the first half of 2023 will see *monthly* repayments jump to £1,490, from £863. Many simply won’t be able to afford this
Blimey indeed. Extraordinary intervention. A senior US Fed official effectively calling on Truss and Kwarteng to abandon their budget plan to avoid sparking a global crisis. Shades of Suez. https://twitter.com/faisalislam/status/1574470381733384195
Well they can fuck off
I suggest we ask them to “stop having coups” because they are frightening the horses
US sticking their beak in is the Brexit style wedge she needs. 'Who are the US or anyone else to tell us how to grow our economy?'
Quite right. Who in the hell should tell me not to saw through the gas pipes whilst smoking? Bloody cheek of it.
Comments
How come newbuilds round here are still in five figures?
Is that merely a question of size?
You do realise that we have for literally the first time in history a government where the PM has been buggered by the chancellor?
And, yes, I know what literally means.
I'd like to see what maybe 15% reduction AND a cold winter does though.
Time for the manager to be sacked
There are plenty of super Woke people I find perfectly likeable
It’s probably, in the main, anger. I think he was given the best possible chance to win a major trophy - it was basically given to him at the Euros. At home. Feeble oppo. And he fucked it up because he’s a narrow minded mediocrity of a defensive loser, and always will be, and he blew it. Twat
England should sack him tomorrow and gamble on a wildcard coach
THINGS...
I do hear good things about the Night Sleeper - train down and breakfast overlooking the sea in St Ives has a lot going for it.
in turn will have a significant negative impact on the economy and our general prosperity. In other words, it is the market that is already putting the brakes on the stimulus announced on Friday by the Chancellor, even without action by Bank of England - because markets are...
setting interest rates on the basis of where they assume the Bank of England will set its benchmark Bank Rate in coming weeks (the next rate setting meeting isn't till 3 November). This is one of the worst backdrops I can imagine for next week's Tory conference, the first...
to be addressed by Liz Truss as prime minister and Kwasi Kwarteng as chancellor. Both of them are supremely confident, but this mess would test anyone
https://twitter.com/Peston/status/1574486885145026560
At least the long range forecasts are showing more rain than they were before, which may bring wind with it and top up our sorely depleted water sources.
After we lose to Iran and Wales.
He should book a local hotel conference room and do his "I told you fucking so" speech.
The figures also assume that a serviced plot exists with roads, utility connections etc all in place - but obviously all that costs extra money, not to mention the land itself.
He could have a back three of James/Walker, Stones and Dier/Coady with wingers of trippier and Trent creating things for Kane and Toney up front whilst Rice holds and allows Foden and Belingham to run the midfield ragged or create but he is clueless.
Solid defensive middle, wingers/defenders for their clubs who are creative but also have defending skills, a dynamic young fast midfield who can block it out and Kane can stop playing “quarterback” and have a man up front to play off like Shearer and Sutton/Sheringham.
Even Tiger Woods isn't that energetic.
It's hardly a self-inflicted run on the pound.
bonus tip: she prefers it unlubed.
All of course met their various Waterloos - that's politics.
Bur Reeves doesn't sound as if she understands a word of it, and doesn't sound as if she is as clever as clever but good at talking to the rabble as well. I think it's a weak point in Labour's armour.
I suggest we ask them to “stop having coups” because they are frightening the horses
Now it will be lost in the usual xmas boost.
Or maybe not this year as everyone stays at home around a candle and nibbles on dried rat.
Ooh. Suit you.
Amazing how this war interferes with so much
Southgate for PM.
Pound worth 2 dollars by October!
Samuel Tombs
@samueltombs
·
4h
If mortgage rates rise to 6%—as implied by markets’ current expectations for Bank Rate—the average household refinancing a 2yr fixed rate mortgage in the first half of 2023 will see *monthly* repayments jump to £1,490, from £863. Many simply won’t be able to afford this
https://twitter.com/samueltombs
I guess two years is a long time in politics, but at moment it looks like heading to a once in a generation electoral pounding.
'Who are the US or anyone else to tell us how to grow our economy?'
The quiet gent in the waistcoat. Uniting the nation, slowly building to victory. Respect
As some people have pointed out, there are some new developments in the north of England where houses are being sold at a cost of £2000/sqm (so £125 k for a 2 bed house) I think this can be explained by very low labour costs, and economies of scale with materials - in these cases the actual build costs are likely to be something like £1000 per sqm. It may also be the case that these newbuild houses were built before the current rise in material costs.
THINGS CAN ONLY GET BETTER
So nice to have another fan, stay well friend!
But he did make a pizza hut advert
Who in the hell should tell me not to saw through the gas pipes whilst smoking?
Bloody cheek of it.
Labour has a **17 point** lead over the Tories, Yougov poll for The Times finds
It's the biggest lead since Yougov started polling in 2001
Six in 10 voters think Kwarteng's budget was unfair - the worst rating of any fiscal event since 2010
20 point lead NAILED ON