Growing Evidence That The Upturn Is Upon Us
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20k - Too True
Spinnaker
When you need it ferrying over the county line let me know, It might be a diesel golf instead of the General Lee but I can paint a confederate flag on the roof.....
YeeeeeeeeeeHahhhhhhhhhh......
Spinnaker
When you need it ferrying over the county line let me know, It might be a diesel golf instead of the General Lee but I can paint a confederate flag on the roof.....
YeeeeeeeeeeHahhhhhhhhhh......
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Well I will say it one last time and then leave you guys to it.
This thread is now irrelevant. It, or least ways ...downturn... was set up to alert wannabes to the approaching storm. Very commendable and very, very relevant. However, the storm is now here. It is headline news and the talk of every pub in the land. Everyone understands that days with multipe bank failures and record drops in stock markets means its not a great time to train.
Should I start a thread entitled "The Pope Is Catholic" or "Bears Sh*t In The Woods"?
Rant over.
This thread is now irrelevant. It, or least ways ...downturn... was set up to alert wannabes to the approaching storm. Very commendable and very, very relevant. However, the storm is now here. It is headline news and the talk of every pub in the land. Everyone understands that days with multipe bank failures and record drops in stock markets means its not a great time to train.
Should I start a thread entitled "The Pope Is Catholic" or "Bears Sh*t In The Woods"?
Rant over.
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At some stage Artie there will be an upturn.... and 12 months ahead of that will be a great time to start training... you may see that the thread is now called "growing evidence the upturn is upon us"...... you never know you might get some evidence that that is just around the corner on this thread in the months ahead given the breadth of experience and different backgrounds of the people that contribute...... might not get that on your "bears sh*t in the woods" thread..... just a thought.
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Artie Fufkin
Nothing wrong with a little banter, no one takes the current crisis more seriously than I do. I am certain that this is true of other posters. I said in a post a while back that its really hard to give a wannabie good solid advice right now, apart from wait. This thread is relevant, maybe there are not that many who want to be up to their knees in chicken poo every morning, but it might spark an idea off with someone to do something to help themselves through very difficult times. Look slightly below the surface of what I write and what I am doing. Skill swapping. That's how you get what you need without money. Yesterday I had £150k's worth of machinery stuck in a peat bog, to make matters worse, I don't even own the kit, or have the money to pay for damage or the two JCB's that I used to dig myself out of the mess. I used my brain to swap myself out of trouble. (Mrs. Spinnaker will be let out of the work house in three months time).
When the interviews start, jobs are going to be hotly contested. The guys that get the first jobs will not necessarily be the ace of the base, but they will be the ones that can think smart and be resourceful. So why wait for a group exercise to demonstrate that resourcefulness, when there is ample opportunity to do it for real, when it really counts.
ChrisLKKB
I hadn't thought of pickling the eggs, a big thank you. I reckon that one will work.
Nothing wrong with a little banter, no one takes the current crisis more seriously than I do. I am certain that this is true of other posters. I said in a post a while back that its really hard to give a wannabie good solid advice right now, apart from wait. This thread is relevant, maybe there are not that many who want to be up to their knees in chicken poo every morning, but it might spark an idea off with someone to do something to help themselves through very difficult times. Look slightly below the surface of what I write and what I am doing. Skill swapping. That's how you get what you need without money. Yesterday I had £150k's worth of machinery stuck in a peat bog, to make matters worse, I don't even own the kit, or have the money to pay for damage or the two JCB's that I used to dig myself out of the mess. I used my brain to swap myself out of trouble. (Mrs. Spinnaker will be let out of the work house in three months time).
When the interviews start, jobs are going to be hotly contested. The guys that get the first jobs will not necessarily be the ace of the base, but they will be the ones that can think smart and be resourceful. So why wait for a group exercise to demonstrate that resourcefulness, when there is ample opportunity to do it for real, when it really counts.
ChrisLKKB
I hadn't thought of pickling the eggs, a big thank you. I reckon that one will work.
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Artie, you will find that some airlines will ask you about current affairs during an interview should you be lucky enough to get one. I would suggest keeping yourself informed of the current situation whether it be on forums like this or from a broadsheet news paper.
Yes it's dull and you'd rather ignore the current situation but it is shaping the future and eventually bad news will give way to something a little more positive and eventually the first few grains of hope of financial recovery will start to appear which will be the seeds of an upturn in the aviation sector.
Something i'd be concerned about right now if you are a pilot in the system hoping to fly for the airlines is Flybe taking on the MPL scheme, if this proves sucsessful then young new wannabees might want to consider how they can make themselves as eligable as possible for this scheme in terms of their education. I suspect other airlines have at the least considered this option and will be monitoring flybe closely. It could change the way most large airlines recruit altogether.
Spinnaker, try half white and half brown vinegar
Yes it's dull and you'd rather ignore the current situation but it is shaping the future and eventually bad news will give way to something a little more positive and eventually the first few grains of hope of financial recovery will start to appear which will be the seeds of an upturn in the aviation sector.
Something i'd be concerned about right now if you are a pilot in the system hoping to fly for the airlines is Flybe taking on the MPL scheme, if this proves sucsessful then young new wannabees might want to consider how they can make themselves as eligable as possible for this scheme in terms of their education. I suspect other airlines have at the least considered this option and will be monitoring flybe closely. It could change the way most large airlines recruit altogether.
Spinnaker, try half white and half brown vinegar
Don't worry about the MPL. Its a dead end license. Some say that Flybe like having the contrarian fleet because all their type rated pilots have no other airline to leave to without incurring a new type rating. Being an MPL holder would fit that model.
The thread title and its content don't have to match up too closely when they get this big so, Artie, please stop worrying and leave the forum management to me. Thanks,
WWW
The thread title and its content don't have to match up too closely when they get this big so, Artie, please stop worrying and leave the forum management to me. Thanks,
WWW
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Originally Posted by WWW
The thread also stays as a monument to all the people such as myself and GSB and several others.......
Originally Posted by WWW
please stop worrying and leave the forum management to me
Any chance of some moderate moderating then, or are you going to continue on your ego trip?
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Any chance of some moderate moderating then, or are you going to continue on your ego trip?
Baffles me why so many people get on his back, a constant source of proven good advice from a seasoned professional pilot... and it's free
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I've never met WWW but I doubt very much he intended those phrases to come accross in the way you've perceived them to.
WWW, as you've probably seen elsewhere I reckon the MPL could potentially become a very neat crewing solution if it were to be widely adopted, particularly if airlines introduced conversion courses when recruiting for experienced MPL pilots looking to jump ship.
WWW, as you've probably seen elsewhere I reckon the MPL could potentially become a very neat crewing solution if it were to be widely adopted, particularly if airlines introduced conversion courses when recruiting for experienced MPL pilots looking to jump ship.
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Nationwide says house prices fall at record pace
Natiownide house prices fell 1.7 per cent last month to post their biggest annual drop since records began.
Prices sank for the 11th consecutive month and are now 12.4 per cent lower than a year ago, with the average property worth £167,797, the lowest since February 2006
Prices sank for the 11th consecutive month and are now 12.4 per cent lower than a year ago, with the average property worth £167,797, the lowest since February 2006
Lurking123 wrote;
Yes I had noticed that. Looking back there's barely been a month gone by on this thread where you haven't popped up and criticized either my tone, my arrogance or my message. I get it. I got it a while ago actually.
Why don't you do me a favour instead and ring up A and C and ask him if he's ready to pay up on our bet about a major house price crash?
WWW
Dan, I have no problems at all with any of the information, analysis and guidance that WWW and other have put forward. I just have an issue with the delivery.
Yes I had noticed that. Looking back there's barely been a month gone by on this thread where you haven't popped up and criticized either my tone, my arrogance or my message. I get it. I got it a while ago actually.
Why don't you do me a favour instead and ring up A and C and ask him if he's ready to pay up on our bet about a major house price crash?
WWW
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Talking of a housing crash and just to illustrate how bad it is and how back it will become.
My best friend over a 5 year period bought 29 house's to rent out. He is now in a situation, due totally to his own mis reading of the market and the property price demise in a situation of having to sell all the houses or face bankruptcy.
He put all but a few on the market in March this year, and sold none. He has now put them on the market at basically cost price, Ie the mortgage he owes on them, In most cases this the value of the house/flat - 20% deposit and 10-15% rise in the house price since the last re-mortgage. Ie he is selling them 30-35% lower than the he had them on for 7 months ago!!
And they are still not selling..
He is with B&B and no chance in 18 months time of getting a new mortgage with them and facing a hike in interest rates as he goes on to their tracker rate, assuming he can!
Believe me, he has gone from making a profit to making a loss over night. Had planned on keeping these for term of the mortgage but now is finding that he is having to cover the rate increases himself.
Stupid yes.. Reason the housing market is in trouble probably. likely to get better soon.. not a chance..
Just trying to give a real life example of how and why this is all happening.
My best friend over a 5 year period bought 29 house's to rent out. He is now in a situation, due totally to his own mis reading of the market and the property price demise in a situation of having to sell all the houses or face bankruptcy.
He put all but a few on the market in March this year, and sold none. He has now put them on the market at basically cost price, Ie the mortgage he owes on them, In most cases this the value of the house/flat - 20% deposit and 10-15% rise in the house price since the last re-mortgage. Ie he is selling them 30-35% lower than the he had them on for 7 months ago!!
And they are still not selling..
He is with B&B and no chance in 18 months time of getting a new mortgage with them and facing a hike in interest rates as he goes on to their tracker rate, assuming he can!
Believe me, he has gone from making a profit to making a loss over night. Had planned on keeping these for term of the mortgage but now is finding that he is having to cover the rate increases himself.
Stupid yes.. Reason the housing market is in trouble probably. likely to get better soon.. not a chance..
Just trying to give a real life example of how and why this is all happening.
Thanks for that. I've read dozens of similar tales but I suspect many here won't have. The BTL aspect of this particular crash is going to be highly accelerative.
Never before has Joe Sixpack been allowed - actively encouraged - to make highly geared speculative investments, many times his income, on credit, with lax regulation.
WWW
Never before has Joe Sixpack been allowed - actively encouraged - to make highly geared speculative investments, many times his income, on credit, with lax regulation.
WWW
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WWW, I totally agree and let's not forget about commercial property. There have been alot of amateur investors enter this sector over the last 5 years and benefiting from strong growth. When Banks start repricing their risk and start revaluing commercial portfolios the s*1t is really going to hit the fan!
This is going to effect everyone.
This is going to effect everyone.
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Originally Posted by Shlarm47
the s*1t is really going to hit the fan!
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I got a head of steam on the other post and decided it needed to separate posts for the whole rant ;-)
Again, everyone’s getting bent out of shape at falling property values; it’s only relevant if you’ve trying to move!
They had a guy on the radio moaning about his 2 year old house with negative equity, 95% LTV and now the end of his fixed rate… with no option but std. variable. They were interviewing him ‘cos he’s had to get a second job’… ahh didums!
I wonder if he’s canceled his sky TV, mobile, gym membership, sold his 42” plasma TV etc? (I suspect not by the radio station, accent and location).
So now they say property is down 12% p.a. and the media are all over it. Where were they (the media) when it was up 10% p.a. for the last 3 or 4 years? (bar the last few months of last year) We are well into the media creating a self fulfilling prophecy in creating worry and instability.
Last summer some pundits suggested we needed a correction in the market of some 25%. Now the main stream press are saying we’re heading for a 25% overall drop and it’s the end of the world... NO ITS NOT! It’s only a problem if you try to sell! You took a mortgage with a short term discount and agreed to pay the rest for the next 22 years at SVR, so keep paying and in 5 years time you’ll be back into equity and you can move.
Rant over.
iX
Again, everyone’s getting bent out of shape at falling property values; it’s only relevant if you’ve trying to move!
They had a guy on the radio moaning about his 2 year old house with negative equity, 95% LTV and now the end of his fixed rate… with no option but std. variable. They were interviewing him ‘cos he’s had to get a second job’… ahh didums!
I wonder if he’s canceled his sky TV, mobile, gym membership, sold his 42” plasma TV etc? (I suspect not by the radio station, accent and location).
So now they say property is down 12% p.a. and the media are all over it. Where were they (the media) when it was up 10% p.a. for the last 3 or 4 years? (bar the last few months of last year) We are well into the media creating a self fulfilling prophecy in creating worry and instability.
Last summer some pundits suggested we needed a correction in the market of some 25%. Now the main stream press are saying we’re heading for a 25% overall drop and it’s the end of the world... NO ITS NOT! It’s only a problem if you try to sell! You took a mortgage with a short term discount and agreed to pay the rest for the next 22 years at SVR, so keep paying and in 5 years time you’ll be back into equity and you can move.
Rant over.
iX