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As was I, Mortgage rates had been on a steady rise months before the mini budget. We historically follow the Feds rates, do you think Liz crashed the US economy too? As people have said here she certainly didn't help in the short term but what has been happening had been baked in for years. In addition the billions pumped into economies worldwide while everyone sat at home was the cherry on the cake. There are many more people to blame for the current climate than Liz Truss.
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I'm no fan of Liz truss or the conservatives but I do find the whole Liz Truss crashed the economy/Thanks to Liz truss my mortgage is £500 higher thing funny. Maybe if you were unlucky enough to have remortgaged during the 6 month period after the mini budget there is a chance you paid 0.5% to 1% more on your mortgage due to the sentiment of the mini budget.
I've heard it too many times now from intelligent people, if someone wants prove me wrong i'm happy to hear the arguement but in my mind its just people bleating on what they've been told by the media. -
Is there a travel cup out there that will keep my coffee warm for an hrs commute but not make it taste awful. I currently have a kinto but its still scalding when I want to drink it and I find the metal/plastic combo taints the taste.
Ideally it would be a Porcelain internal with some protective outer casing if such a thing existed. -
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Wave curtains?
I've just had some made for a window which fitted inside the window frame. I used the the cheap rails available from ebay - https://www.ebay.co.uk/itm/185815651023?itmmeta=01HSGF6592TWXX5JYT5SGXY7BZ&hash=item2b4379d2cf:g:HRgAAOSwk4NkEe3R&itmprp=enc%3AAQAJAAAA4EcktYscc%2FOPteSOMy3mrvV3rI9Mxm1XzFdQZeJetMHPRr6xQWUexAzTVvb3Lj9lLiEJIbatuXEGAFX%2BMMBYp1Wb3Lv%2FOkpmhrNawbfusDxdJPiWITm6dTFQuWvZs%2BRDYvFY%2BM5AQVhKC39lVYKSa4pUyA3OnAtYIF%2FD28QskxXo7kBPMZIijE1aMpv1El%2BElq0ZtVYBsxB8eJwKzfQ%2BkBt20HAsyh4uK2hJiKiB7%2FFFY0ycKg8zaRUqch1uVUB1rcFk25M3trYn51zl6pqZm8Djoq5bbM8fhqO1EecqUmj7%7Ctkp%3ABFBM2tSYj8xj
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I've recently done ours which was about 600sqf of maple. I used this - https://restorate.co.uk/products/jenkins-gel-joint-gap-filler which you mix with the finest grade leftover dust. Its holding up so far but hasn't been done long.
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As much as Covid hasn't exactly helped this is the end of a cycle, this has been bedded in long before covid and this is happening over much of the developed world. This is a copy and paste but a good summary of what is happening. It was written about 4 or 5 years ago -
The great deflation cycle that started around 35 years ago is about to end with a deflationary collapse.During those 35 years interest rates have fallen to lower lows and made investing in equity/property very easy (they have always gone to higher highs).However that has also caused people to go way way along the risk curve for yield.The leverage on the system is beyond extreme.The Fed (and other central banks) missed out an entire tightening cycle,and in doing so have already made sure the recession dead ahead will see massive un-voluntary debt liquidation,a financial system in free fall and wealth destruction on a scale few can even imagine.Leverage is going to destroy business and individuals on a scale not seen since the late 1920s.Once this does hit the central banks will be slow to react with the right response as they themselves will be shocked at the speed and scale.They will panic and print direct into the economy by passing money/debt to governments at 0.1% or zero coupons.This is what will kick in the first reflation cycle since the 70s.Inflation will appear,rising slowly at first but increasing for perhaps a decade until it reaches double figures.Interest rates will follow,but being behind the curve perhaps through the whole cycle.The leveraged who survived the deflationary collapse will then suffer increasing interest rates for a decade.
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I bought my only house in 2007 a year or so later it was worth about 30% less. I think rates were 5.5% when I bought it for £125k (norwich). I Sold it 5 years ago when I thought the market had topped for about £185k. Terraces in the area are now £200 to £230k.
I've been saying the housing market is unsustainable for about 6 years but its got more and more out of control and continued to surprise me.
I think a lot of people are in for a shock over the next few years but having said that i'm in the process of trying to buy again, what could possibly go wrong! If I didn't think this one could potentially be a house for life i'd be sitting well and truly on the sidelines for a year or so. -
Hey, I'm just curious if any of you consider that rates are finally getting back to normal? It feels like a risky time to be taking a punt on them going low again. I imagine there will be a pivot at some point but i'm not sure how long it will last and you might be lucky to catch it.
History tells us inflation nearly always comes in two waves so IR's could go much higher at some point. -
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Has anyone got any experience of the nothing phone (2a) vs pixel 8. For context I currently have a 4a which is dying and can get a 6 month old pristine pixel 8 for £270 and a new NP 2a for £280. There seems to be a lot about issues with the pixel 8 but i'm assuming the amount of them in the world swamps the amount of NP's.