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Resource Consumer
06-07-2005, 12:54:38
Can't trust them :(

Now I have to suffer 7 years of chaos, disruption and taxation followed by years of municipal debt as London gets the fucking Sebastian Coe Grandstand Month....:(

Tizzy
06-07-2005, 12:56:25
Originally posted by Resource Consumer
7 years of chaos, disruption and taxation

How will you tell the difference to how it is now?

fp
06-07-2005, 12:56:42
Obviously we weren't able to bribe the IOC members enough to give it to somebody else.

Apparently we're told the games will make a 10 million profit. Whoop-de-bloody-doo.

*End Is Forever*
06-07-2005, 13:06:28
...and it's crashed the BBC website. Scandalous!

King_Ghidra
06-07-2005, 13:12:38
Originally posted by fp
Apparently we're told the games will make a 10 million profit. Whoop-de-bloody-doo.

so that's a 1bn loss then

Gary
06-07-2005, 13:16:46
:D

Funko
06-07-2005, 13:22:55
Originally posted by King_Ghidra
so that's a 1bn loss then

Good thing you aren't in finance.

mr.G
06-07-2005, 13:31:55
shall i do the finance?

King_Ghidra
06-07-2005, 13:32:06
well in testing, there's a lot of risk analysis, and if a 10m profit (on a 2.375bn project) is our best estimate, by the three-point estimating concpet you would be looking at something like:

best estimate 10m profit
likely estimate 200m loss
worst case scenario 1bn loss

i don't think thse are unrealistic sums (apart from the best estimate :lol: )

fp
06-07-2005, 13:35:43
I saw that 10 million figure on a BBC article. Possibly it was a typo and they meant 100 million.

Funko
06-07-2005, 13:36:46
Maybe the 10 million is the worst estimate. :)

King_Ghidra
06-07-2005, 13:39:45
maybe, let's bookmark the thread for review at the end of the project :cute:

Beta1
06-07-2005, 13:40:22
yaaaay

so now there will be no municipal development projects outside the stratford area for the next 7 years so we can forget about the wimbledon link etc..

still crossrail might actually be built now

Funko
06-07-2005, 13:41:06
Why?
Time won't change that you said 10million = -1billion

:hmm:

I'm not making any money making predictions.

Funko
06-07-2005, 13:42:04
Apparently property in the 'influenced area' probably extending as far as Reading faces an almost immediate 20k price rise! :eek:

King_Ghidra
06-07-2005, 13:44:24
someone was telling me the other day that a dedicated heathrow - reading fast rail link had been given the all clear recently anyway which will be boosting prices too

Funko
06-07-2005, 13:47:54
Interesting. It's already very quick to Heathrow.

Stupid south east. You bought at a good time.

King_Ghidra
06-07-2005, 13:54:48
bwahahahah!

i sincerely doubt it will be an immediate price rise, just get your skates on :D

The Norks
06-07-2005, 13:56:31
its exciting having the olympics

King_Ghidra
06-07-2005, 13:57:43
when are you having them? can i come round?

Funko
06-07-2005, 13:58:17
Originally posted by King_Ghidra
bwahahahah!

i sincerely doubt it will be an immediate price rise, just get your skates on :D

Gonna be at least 8 months. *shrug*

King_Ghidra
06-07-2005, 13:59:43
oh really...hmm...thought you were planning on making it sooner than that

or you want to rent together first huh

Greg W
06-07-2005, 14:02:22
Living together before buying = gud.

protein
06-07-2005, 14:03:47
yup.

Funko
06-07-2005, 14:05:05
Originally posted by King_Ghidra
oh really...hmm...thought you were planning on making it sooner than that

or you want to rent together first huh

Yeah, not enough time to buy before the contract's up on this place but definitely want to make sure we try living together before buying together. Just in case...

And neither of us can afford to buy on our own because it's pretty much impossible on one salary.

Greg W
06-07-2005, 14:09:01
Out of curiosity - what's going to be the "main" stadium? I'm not aware of any "major" oval stadiums in London. Not that I claim to be an expert on London Stadiums or anything... :cute:

Funko
06-07-2005, 14:09:42
They're building a new one.

Greg W
06-07-2005, 14:11:40
Any ideas what it'll be used for afterwards? Aka has anything specific been decided, like soom football club will take it over?

Funko
06-07-2005, 14:11:49
Which'll look like this:

http://www.london.gov.uk/images/mayor/olympics/slides/stadium_external.jpg

Greg W
06-07-2005, 14:13:21
Jeese. Ah. Hmm. Bit airy fairy...

mr.G
06-07-2005, 14:13:22
koel

Funko
06-07-2005, 14:14:02
Originally posted by Greg W
Any ideas what it'll be used for afterwards? Aka has anything specific been decided, like soom football club will take it over?

No idea sorry. It didn't seem to matter for the Dome.

I assume that (at least) they'll move some of the athletics meetings there.

Could also bid for a World Athletics Championship.

Funko
06-07-2005, 14:15:15
Originally posted by Greg W
Jeese. Ah. Hmm. Bit airy fairy...

I really like it, think it looks ultra modern but also soft and organic.

Greg W
06-07-2005, 14:15:18
Fair enough. Or Fairynough as seems more appropriate after looking at that artist's impression.

protein
06-07-2005, 14:16:52
We could put on the 200th Screwball Cabaret there Funko!

Funko
06-07-2005, 14:18:02
all the new stadia are linked from here:

http://www.london.gov.uk/mayor/olympics/slideshow/index.jsp

I think inside of this swimming pool looks a bit Albert Speer...

http://www.london.gov.uk/images/mayor/olympics/slides/aquatic_centre_internal.jpg

Venom
06-07-2005, 14:21:57
Only because you like the airy fairy things. Queer.

Funko
06-07-2005, 14:24:25
Maroule is here!! :beer: :lol:

Greg W
06-07-2005, 14:24:27
To be fair, the interior of the olympic stadium looks better:
http://www.london.gov.uk/images/mayor/olympics/slides/stadium_internal.jpg

Beta1
06-07-2005, 14:26:00
come on maroule, you know you want to post something

The Norks
06-07-2005, 14:33:22
Originally posted by King_Ghidra
when are you having them? can i come round?

I am hosting the world hamster Olympics

Main events include:

Speediest retreat under a bookcase
Plastic sphere racing
Toilet roll assault course
Climbing the bars
hamster wrestling

it will be a fun day for all :)

Greg W
06-07-2005, 14:34:56
Originally posted by The Norks
I am hosting the world hamster Olympics

Main events include:

Climbing the bars
:hmm:

The Norks
06-07-2005, 14:36:04
Originally posted by Greg W
Any ideas what it'll be used for afterwards? Aka has anything specific been decided, like soom football club will take it over?


as you know being a Sydneyite, most Olympic villages end up under used and rarely make a profit. It will probably be used for tramps wee and vandalism.

Greg W
06-07-2005, 14:39:17
Well, the Sydney village itself was sold off as housing. The stadium itself gets reasonable usage. Though probably not compared to some other stadiums in the world.

Funko
06-07-2005, 14:40:26
I think they are planning to build the village so they can sell it off as housing too. Good model.

Greg W
06-07-2005, 14:41:36
Yeah, makes sense really. Also means that the athletes should get proper housing, not just hotel room style accomodation.

Nills Lagerbaak
06-07-2005, 15:25:42
Hmm, I wonder what Londoners are going to think about even higher house prices...

Also this means that probably the best development in London (the extension of the East London line) will no longer happen. Ha ha ha serves them right, damn property speculators.

Still the east west link should be sweet.

Provost Harrison
06-07-2005, 15:29:49
Oh Christ, not only am I going to be paying through the nose in council tax for this but also I am now being told to expect another surge in property prices...fan-fucking-tastic I'm sure :rolleyes:

Funko
06-07-2005, 15:30:38
38p a week is hardly "through the nose". 19 a year.

Provost Harrison
06-07-2005, 15:30:42
And what benefit will I get being where I am. None! None whatsoever! There is next to no chance there will be any improvement to the public transport down this way...

Provost Harrison
06-07-2005, 15:31:09
Originally posted by Funko
38p a week is hardly "through the nose". 19 a year.

It's more the property price issue about what I am concerned...

Funko
06-07-2005, 15:31:29
Where do you live? Aren't you in South East London, pretty much the area that'll benefit most?

Provost Harrison
06-07-2005, 15:34:56
Benefit most? How on earth did you figure that one out? I'm not close enough to get any benefit from Crossrail or the olympic facilities yet close enough (I am in one of the host boroughs) to feel the sharp end of price rises and council tax rises. My sentiments reflect RC's pretty much...

*End Is Forever*
06-07-2005, 15:35:23
Stop whining and buy a house before the prices rise... ;)

Provost Harrison
06-07-2005, 15:36:26
They're already too damn high!

*End Is Forever*
06-07-2005, 15:37:32
Incidentally, Rich, for the last five years Livingstone has been robbing outer south-east and south-west London of their Council Tax to pay for his Keningrad projects in Zone 1. It's nothing new.

It is somewhat ironic that you start complaining about the one thing which does provide a greater benefit.

Nills Lagerbaak
06-07-2005, 15:38:43
Originally posted by Provost Harrison
And what benefit will I get being where I am. None! None whatsoever! There is next to no chance there will be any improvement to the public transport down this way...



He he he, my point exactly, the East London line extension was the best thing that could have happened to South London, but no longer.

I'm glad I don't live there any more. That place is so rediculously more expensive than anywhere else I wonder how long it can sustain itself.

The Higgelhoff
06-07-2005, 15:39:01
There are loads of benefits:

Positive Media Attention
Attract More Businesses
Attract More Tourism
More Money Invested Into the Area
Improved Transport Infastructure
Etc...

Tizzy
06-07-2005, 15:39:34
Additional Capital Letters?

Funko
06-07-2005, 15:39:51
I think you just like whinging about stuff.

You'll be really close to all the stadiums to go to events you lucky bastard!

Funko
06-07-2005, 15:40:34
Oh about a million x-posts.

Provost Harrison
06-07-2005, 15:40:42
Originally posted by Nills Lagerbaak
He he he, my point exactly, the East London line extension was the best thing that could have happened to South London, but no longer.

I'm glad I don't live there any more. That place is so rediculously more expensive than anywhere else I wonder how long it can sustain itself.

I'm hoping for that 'sharp readjustment'...now I don't do bad for money nowadays but without a missus on at least the same income I am going to struggle. If I had a missus on a similar income I would have no problem buying a decent house...bah!

Nills Lagerbaak
06-07-2005, 15:41:04
I wonder how much tickets will be! Bet there'll be no discount for locals :)

Provost Harrison
06-07-2005, 15:41:42
I'm sure it's lovely if you own around here as your price is already fixed but to be faced with another steep climb in prices is too much...

Funko
06-07-2005, 15:42:04
Originally posted by Provost Harrison
I'm hoping for that 'sharp readjustment'...now I don't do bad for money nowadays but without a missus on at least the same income I am going to struggle. If I had a missus on a similar income I would have no problem buying a decent house...bah!

Get out there and find one then!

*End Is Forever*
06-07-2005, 15:42:55
Fine. Ignore my post. :mad: :D :nervous:

Provost Harrison
06-07-2005, 15:42:57
Originally posted by Nills Lagerbaak
I wonder how much tickets will be! Bet there'll be no discount for locals :)

Very likely, especially seeing as I live in a borough that will host 9 of the 21 events :mad:

Nills Lagerbaak
06-07-2005, 15:43:08
No! Stop encouraging the trend for dual home ownership. If it wasn't for you lot the market would have settled down ages ago and not continued rising!

Provost Harrison
06-07-2005, 15:43:38
Originally posted by *End Is Forever*
Incidentally, Rich, for the last five years Livingstone has been robbing outer south-east and south-west London of their Council Tax to pay for his Keningrad projects in Zone 1. It's nothing new.

It is somewhat ironic that you start complaining about the one thing which does provide a greater benefit.

I got your post ;)

The Higgelhoff
06-07-2005, 15:45:33
Originally posted by Tizzy
Additional Capital Letters?

It makes each point more hard-hitting/substantial! I am the law maker when it comes to English.

*End Is Forever*
06-07-2005, 15:45:51
No You Are Not

Funko
06-07-2005, 15:47:06
Originally posted by Nills Lagerbaak
No! Stop encouraging the trend for dual home ownership. If it wasn't for you lot the market would have settled down ages ago and not continued rising!

Huh? People have always bought as couples. Because you tend to have both partners working more often than you used to their combined income is higher so they can spend more.

There isn't enough space for everyone to have their own house anyway...

The Higgelhoff
06-07-2005, 15:47:20
Yes I, bloody well, am!

Provost Harrison
06-07-2005, 15:52:58
Originally posted by Funko
Get out there and find one then!

:hmm:

The Higgelhoff
06-07-2005, 15:54:22
Originally posted by Nills Lagerbaak
No! Stop encouraging the trend for dual home ownership. If it wasn't for you lot the market would have settled down ages ago and not continued rising!

The trend for dual home ownership?

How can couples be blamed for the rise in house prices. It's blindingly obvious that two people on average will always have more spending power than one person. It makes sense. It's supply and demand.

fp
06-07-2005, 15:59:30
By "dual home ownership" I thought he meant one person buying two houses, not two people buying one house. The post doesn't make any sense otherwise.

Provost Harrison
06-07-2005, 16:01:17
He may mean the other. This is where equality has, in many ways, shot us in the foot. Because two people earn, prices have adjusted themselves accordingly too. To a point where it is very, very hard to manage if two people don't work! I suspect this is why so few young professionals are having children...

fp
06-07-2005, 16:05:40
Yes he could mean that. But then he didn't explain it very well. :D

Nills Lagerbaak
06-07-2005, 16:06:04
Originally posted by Funko
Huh? People have always bought as couples. Because you tend to have both partners working more often than you used to their combined income is higher so they can spend more.

There isn't enough space for everyone to have their own house anyway...

I meant two people buying together.

Mostly it has been married people who buy together. But now people are forming buying "cartels" to be able to afford houses.

Single people on the whole used to be able to purchase houses with the standard 3.5 (or whatever it was) times their salary.

Now 3.5 times the single person's salary won't generally buy you squat, hence the frigging "cartels"

King_Ghidra
06-07-2005, 16:20:01
Don't worry about these cartels, nils, from what i hear:

After the destruction of both the Cali and Medellin cartels, the cocaine business began to fragment.

the problem has been solved

Funko
06-07-2005, 16:34:32
That's a consequence of the market, not the cause of it.

Single people are having to change the way they work to compete with the purchase power of couples.

Nills Lagerbaak
06-07-2005, 16:40:40
Yeah but demand side behaviour can also drive the market. I know too many people who instead of waiting a bit / staying at home with their folks (who didn't mind) suddenly went "ooh if we club together we can affors the already rip-off price of a new house" Thus pushing it up further, when by careful choice of new location / timing, they could have got somewhere on their own.

Now I know job availability / desirable location considerations have to be taken into account.... but it's still an annoying trend, that people seem to be taking more and more risks to buy things, thus forcing others to follow suit. (I know someone who borrowed 8 times their salary!!)

Provost Harrison
06-07-2005, 16:42:28
8 times?! How on earth did he afford the repayments?!

Funko
06-07-2005, 16:42:38
That's just sensible, good for them. Why should they stick at home with their parents when they can get out there and get on the housing ladder.

King_Ghidra
06-07-2005, 16:45:02
Originally posted by Nills Lagerbaak
(I know someone who borrowed 8 times their salary!!)

if i had been borrowing through my bank rather than a mortgage lender that's roughly what my bank were prepared to lend me, which is insane, because i could never afford the repayments on that

Funko
06-07-2005, 16:45:08
Originally posted by Provost Harrison
8 times?! How on earth did he afford the repayments?!

Just quickly calculated that... it must be almost all his take home bar a few pounds.

Funko
06-07-2005, 16:46:18
on the plus side, at 8 times my salary I could afford to buy somewhere. I just couldn't afford to repay it. :beer:

Nills Lagerbaak
06-07-2005, 16:46:50
Because they are taking a massive risk, what happens when all these people who have bought houses together fall out / split up. One will have to buy the other out, but may not be able to.

I predict in a few years you'll have a market for people looking to form the other half of their mortgage

Nills Lagerbaak
06-07-2005, 16:48:31
Originally posted by Funko
on the plus side, at 8 times my salary I could afford to buy somewhere. I just couldn't afford to repay it. :beer:

My point exaclty. This guy had gambled on a pay rise, meaning he could just afford the repayments. Suffice to say when the interest rates went up and he didn't get the pay rise goodbye housie.

Funko
06-07-2005, 16:48:35
Doing it over 30+ years rather than 25 makes the repayments a lot more reasonable.

Funko
06-07-2005, 16:49:59
Originally posted by Nills Lagerbaak
Because they are taking a massive risk, what happens when all these people who have bought houses together fall out / split up. One will have to buy the other out, but may not be able to.

I predict in a few years you'll have a market for people looking to form the other half of their mortgage

You have to put what the selling clauses are explicitally in a contract when you buy the house, just the same as if you are an unmarried couple doing the same.

eg. if one person wants to sell the house has to be sold etc.

Provost Harrison
06-07-2005, 16:50:44
To buy the roof over my head would require about 5.5x at the moment which is still ridiculous...

Provost Harrison
06-07-2005, 16:51:05
I do want to save up a deposit first though...

Funko
06-07-2005, 16:51:42
Rich Rich

Right, I'm off to look at flats to rent. Bye!

Nills Lagerbaak
06-07-2005, 16:52:42
Originally posted by Funko
You have to put what the selling clauses are explicitally in a contract when you buy the house, just the same as if you are an unmarried couple doing the same.

eg. if one person wants to sell the house has to be sold etc.

Good luck to all those who bought together! (without sarcasm)

I just foresee, the market soon being flooded with failed "cartel" purchases.

(That's two predictions in as many hours. Just call me Aurther C. Clarke)

Spartak
06-07-2005, 19:16:47
*Ahem*
SPORTSFORUM

Oerdin
06-07-2005, 20:30:45
I think it is kind of funny that so many media sources here in the states were saying that Paris had wrapped the 2012 Olympics up. It appears the English were able to pull another rabbit out of the hat.

Oerdin
06-07-2005, 20:41:04
Originally posted by Funko
Get out there and find one then!

That "sharp readjustment" isn't going to happen. It is just more doom and gloom from the media people. Economic growth and population growth have underpinned the price rises so they are very real and very perminent. PH, get thee out and buy a house!

Provost Harrison
06-07-2005, 20:56:20
Because of course, property markets don't go down. If you believe it won't, you are living in a dream world...

Gary
07-07-2005, 08:29:34
I waited years for the drop, thought others buying in were acting foolish. Eventually had to give up and buy. Been expecting the crash for the last 18 months now.

The Higgelhoff
07-07-2005, 08:44:07
I can't see a crash in the market at the moment, there is just too much demand and the banks are still prepared to throw money at people. :(

The Higgelhoff
07-07-2005, 08:44:46
I've been waiting 2 years to get on the housing ladder but I've just not got a chance. At the moment we're renting a two bedroom terrace.

Nills Lagerbaak
07-07-2005, 09:13:44
Banks cannot throw money at people indefinitely.

One day a rain will come at wash the indebted off the street.

No longer Trippin
07-07-2005, 09:48:51
Okay, since when was ice green?

http://www.london.gov.uk/mayor/olympics/slideshow/slideshow05.jsp

Hockey Stadium for the Summer Olympics? That looks like football to me. Someone FUBARed that caption.

The main stadium looks awful from the outside in that rendering - though from the inside it looks to be a good deal more acceptable. Just it all looks like it'll stick out like a sore thumb - kinda like the millenial building or whatever the hell that thing is I'm thinking of. Big white? thing on the Thames.

I never got the whole Olympic prestige deal - or any sport prestige deal. So you take a huge loss just so you can have prestige? That sounds like an excuse to give some friends healthy contracts to me. If you haven't guessed, I'm an optimist.

Thanks for beating NY - I'm sure they'd have gotten "some" federal funding which would have meant my money would have been wasted. Now it won't.

Funko
07-07-2005, 09:58:46
I know hockey is played over the winter but normally on astroturf which doesn't freeze as easily as normal grass.