Today, by the PNE, a for sale sign.. and it posted the price too! 1st time Ive seen that.

Naah, not buying.. what if it burns down? Oh.. there is a thought, will we have more house fires now? Insurance money.

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Good post…LOL

BTW cheap sugar coated chinese food is the best…and I know how to make it too.

YOU sound like you have had an intersting life as well as the rest of us…good on ya.

I highly doubt many, if any, VCI posters haven't been in the " REAL world" and for a LOONNGG time with the rat race /war wounds to show for it. I highly doubt what is posted is sanitized fiction drafted by the vivid imagination of an Englsh Lit student.

Each of us gets something different out of this VCI blog…I just happened to stumble across it via a "link", but once I started reading I was sorry I hadn't found it sooner.

I have had suspicions re the RE market for years, since the late 1970's early 1980's… none of it made any real sense, especially seeing the lemmings dive into the market say every 6-8 years when in between cycles the product was cheaper.

I make no bones about criticizing the Olympics… but its more symbolic of how our so-called democracy is run…it is more a soft dictatorship. Our leaders actually fear, if not outright detest their constituents.

DEMOCRACY? We, the General Public are simply ATM's for the politicians and their "cling -ons entourages" agendas, and they kiss our asses just before the elections to re-load for the next go around.

We VCI posters may be future leaders or lead the charge to provide the enema our leaders and their cling -ons desperately need, in my view they have been exposed as "Emperors with NO Clothes" as they twist in the wind…..clearly the paths we have been on, or lead onto even on a global front , were not in anyone's long -term best interest.

RE market is often the THE key indicator in any given economy, and looks what has happened…question is was the collapse a passive reflection of the global ecomomy or an active manipulation that created a global tanking of all else ?

You chose the handle "brokerealtor"…

I guess we can read into that something…but maybe that handle may have been different if things had been done differently.

You seem to be an upbeat person….and I think most of the VCI posters are as well , and very content with our personal lives. However it's not "doom and gloom" as an objective .., its reporting on the global crash and burn which many of us had feelings was not a matter of IF but WHEN.

If our leaders hadn't failed us and failed us miserably, maybe VCI wouldn't even exist…but recall VCI was kept going by popular demand. It's an info and opinion swap,and most posters back up their opinions with FACTS and FIGURES etc .

Knowledge IS Power.

I have learned a lot from VCI and I thank my fellow posters for that valuable gift of their contributions and hope I can reciprocate.

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I think he used it correctly.

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C'mon 'succinct'ridiculous, bad word, not the right meaning

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" Try to get away from your computer for a few hours a day"

What???? Are you kidding me? How can I do that? Is it done at all? Where? How?

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Thanks for the good info, its very succinct.

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Ps Beware of that cheap sugar coated chinese food you like so much!

OK I'm ready for the name calling

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Cost of 2012 Olympics 'up £900m'

The costs of the games have gone up 38% in just over a year

The expected cost of the 2012 London Olympic park has risen 40% since the games were won in July 2005, Culture Secretary Tessa Jowell has told MPs.

http://news.bbc.co.uk/2/hi/uk_news/politics/61675…

QUOTE:

Asked who would meet the extra £900m cost, Ms Jowell said discussions were on-going, but the earlier "memorandum of understanding" had been for overspends to be met by a mix of London council tax payers, and lottery games.

'Entirely predictable'

QUOTE:

Shadow Olympics minister Hugh Robertson said: "The secretary of state has admitted to a 40% increase.

"She has failed to disclose the true cost of VAT, contingency, building cost inflation and security, much of which was entirely predictable at the time of the bid.

================================================

Same Olympic Shite, different City

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I still believe that China single-handedly delayed the financial crisis by a few months, just so that they can have the last party in at least a decade. Once the Olympics is over and the hype cools a bit, they gave up holding back the tide. I would call that the true cost of the Beijing Olympics. As far as I know, it's 100 billion+ USA, and they don't even have white elephants to show for it.

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Right on, and so polite to, such restraint. Admirable.

I have been thinking about this rent-buy ratio all day. I seem to rememeber as a student that the average historically was below 10. I just did a quick calc off the current median of 640K and got 44!!!!!!!. This market is so out of whack with reality it's insane. I read that this ratio was the second highest in the world and that got me thinking. Timberrrrrrrrrrrr !!!!!

http://en.wikipedia.org/wiki/Real_estate_bubble

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