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Godzilla Premium is £11.8k - what did I miss?

I suppose I'm lucky, I have a natural way to stop me buying any NIB.....I know my crown jewels would be removed with a blunt pair of bolt croppers courtesy of the boss....😂😜
 
Interest rates go up, government debt becomes even more expensive. It’s more a case of the London bankers making money from nothing. Betting against currencies etc. meanwhile many industries are left exposed..
 
johnwhitfield said:
Young people are currently properly ****ed in the U.K.
my old starter flat is currently on the market for 3/4 of a million 😱 how the hell is anyone going to afford that.? Commuting in for a low paying starter job isn’t financially feasible with the size of train fares.

Students have 30-50k of loans and are now being charged 12% interest.

My son’s rent at uni is 8 grand. The total he can borrow is £5k. Guess who’s paying the shortfall? (In his defence he already works 3 days a week on top of his studying)

Beer is £7 a pint. (I now know so many young people who hardly drink)

The idea that people working full time need to resort to food banks in order to eat is obscene.

I’m honestly not surprised a lot of them are really going to struggle with even minor changes in interest rates. Even then a mortgage is likely to be cheaper than rent.

Just counting my blessings that I’m an old *******. I’ll also be ****ed if I’m going to pay over 10k for a game 😂
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Student debt interest is currently capped at 7.3%. Beer is not £7 a pint outside London. Less than 4 quid in my local and less than 2 at spoons. My sons both at uni hardly drink but not because of price as cheap supermarket booze is always available it's just that socialising no longer revolves around the pub.
Flats can be bought for just over £200k in places like stevenage - not too far to commute.
Most of what you describe is a London problem but governments keep insisting on pumping more money and people into London rather than levelling up.
Student rents are expensive. My sons pay 7k Inc bills in York and 7k plus bills in Exeter.

When I bought my first flat in London docklands 1991 it was 70k. Despite high salary I struggled to pay the high interest and at end of month would end up walking the 2 miles in and out of work as I would run out of money. Flat was furnished with second hand furniture and I redecorated myself to save money and didn't go out much as I couldn't afford it.

The young today face different problems and our expectations for them are so much higher. Both my sons are very positive about their futures and see a world of opportunity. They don't compare with how it used to be as they didn't know that time.

John you should read what Martin Lewis has to say about student debt. It shouldn't be seen as traditional debt but more as a tax on the rich and successful ex students who can afford to pay.
 
Anyhow, back to the important matter: nib prices!

usd/gbp rate seems to be the biggest influence on uk prices. it’s the only factor i can see that could reduce prices. i cant see sterns factory gate prices coming down (unless usa recession really bit deep).

so sterns prices march upwards due to inflation (wages, parts, energy, transport)
usa to uk transport costs also increase with inflation. uk main distributor and retailers all need more margin to cover their own inflationary cost rises.

Plus: rarity. higher nib prices mean less nib sales - meaning increased rarity of limited run titles. that pushes up secondary market prices.

gbp/usd back to 1.30-1.40 would maybe mostly eroded by the inflation increases in the interim, unless it happens fast (ie intervention)
 
Shows how much prices have risen, I paid £7.1k for my Pro delivered a year ago yesterday. £1,500 increase :eek:
 
Well GBPUSD is back up to 1.21 at the minute. That means the MSRP of a Stern prem at $9700 works out to just over £8000, or £9600 with VAT. Of course there's shipping & handling to be added on top.

Another data point: in Germany they seem to retail for around €11000 (incl. VAT) which at the current exchange rate is about £9500.

So is the extra £2000 we pay here the fabled "electrocoin tax" ?
 
I have the misfortune of buying a variety of building products.

What is plainly obvious to me is that the "genuine" inflation and covid-response induced supply constraints created a world where suppliers could say "sorry, it's the covid mate, prices are up [pick a number] percent".

All manner of prices may have been inflated well above a natural level by folk gouging and taking advantage of fearful/ poorly informed customers. Look at the PPE scandals engulfing the government or how quickly petrol prices go up v how slowly they come down

I heard an excellent economist saying that one of the greatest costs of inflation is the time wasted by folk having to recalibrate their purchase prices/ going round the market/ trying new suppliers.

This guy explains what he believes is going on with egg prices....

https://twitter.com/x/status/1595711790738022400
 
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