Exactly as foretold, they would only report it once it was too late.
Up until now, it's been 'record house prices!' on repeat every month, pushing the unsuspecting into this trap.
Intentionally or not, the media plays a huge part in this problem.
https://t.co/zGA76yyIg2
Back in 1990, when my wife and I were buying our first flat in London, I was writing advertising copy for a little-known American software company. The people seemed remarkably impressive and I considered buying shares in them.
A banker friend advised caution, however, arguing that overseas stock exposed you to exchange rate fluctuations.
The company was called Microsoft. Had I put the £68,000 I used to buy that flat into Microsoft stock, it would now be worth £54 million.
Naturally, every time I meet my friend, I thank him for his helpful advice. But in truth my jibe is unfair.
✍️ Rory Sutherland
Article | https://t.co/Jw9VTEPTQX | @rorysutherland
Una vivienda nueva de 400.000 €:
-IVA (10%): 40.000 €,
-AJD del comprador: 6.000 €
-Licencia, ICIO y tasas municipales: 10k €.
-AJD de la obra nueva y la división horizontal 6.000 €.
-Suelo: cesión del 10% del aprovechamiento al ayuntamiento, plusvalía,!IRPF/IS de quien vendió el terreno: 20k €.
-Impuesto de Sociedades del promotor: el 25% sobre un margen del 12%, unos 12.000 €.
-Cotizaciones e IRPF de la mano de obra: 35.000 €.
En total el estado se lleva 140.000 € que es casi el 40% del coste de la vivienda.
El verdadero fondo buitre es el estado.
You’d take Sesame Street more seriously than Ireland’s police. That’s An Garda Síochána, laughing at the Irish people in plain sight. #Ernie#RubberDucky#Limerick
A monument to Donald Trump has been unveiled in front of the European Parliament building, in recognition of his numerous contributions to European partners. The sculptural composition is titled "The Orange Plague" and is the work of Danish artist Jens Galsboe.
🇺🇸🇪🇺 A naked, gold-plated Trump has made it into the European Parliament.
The statue, titled "Orange Plague," shows Trump sitting on the shoulders of a much smaller man, completely naked, holding a golf club and covered in 23-karat gold.
A Danish left-wing MEP invited it in and said anyone too thin-skinned to handle it probably shouldn't be on the world stage.
Somewhere in Washington, caps lock is being activated 😂
Source: dpa / Writer: Julie
What a disgrace. A gold-plated, naked Donald Trump on a starving man’s back, branded “The Orange Plague,” is on show in the European Parliament in Strasbourg under the guise of “art”. The people who lecture the world on dignity can’t even manage basic respect for the president of a friendly nation. @realDonaldTrump@WhiteHouse
Yet more British decline. Royal Mail to cut 2,500 jobs. The consequence of digitalisation and governments who are letting our national assets turn to dust.
🚨NEW: HSBC is planning major job cuts across its UK wealth management division after replacing staff with AI
More than half of managers and specialists are set to go, alongside 70% of wealth managers
I handed in my notice today. Finishing next Friday. I've no notion of working like a dog through another winter in construction it's simply not worth it. Signing on selling the van and reducing my costs to nothing. I've had enough of being screwed by the government.
Imagine getting up in the morning and doing that to your hair with loads of hairspray.. And then thinking it looked class and walking outside... fukk me like🤣🤣