UK: house prices going down?

Financial Times writes, that there was a small drop in house prices in June. Then they speculate, whether it is the beginning of the end of the UK property boom of the last 10 years.

I personally doubt, that there will be a massive drop in prices (10-20% and more), unless there is some kind of major financial disaster either locally or globally. Otherwise we will probably experience a very slow and annoying market - no one will be ready to sell because of the fear to cause oversupply and to lose the profits they have on paper. Buyers on the other hand will struggle to find anything suitable.


Want a tip from an insider?

Once I read about a rather unusual fraud scheme. In essence, some 1000 random people would receive letters, 500 of which claimed, that stock A would go up, and the other 500 that it would go down during the next NY Stock Exchange trading day - all based on their new ground braking prediction models or insider information. Well, it is not hard to realize, that at least half of the predictions were correct!

No more midnight oil

According to this article, IT students do not waste their precious time on doing their own assignments anymore. Instead they hire cheap developers from India and other places and for just a few pounds have their word done for them.

I can't help recalling all the nights I spent writing code as part of my homework, after exhausting studi


Financial Times writes, that Google is about to launch its own on-line payment service, a rival to PayPal. This is not at all surprising, since Google has been expanding its basket of products recently. Given their powerful advertising base, they are almost doomed to succeed. And this new service wil


I am quite surprised by the fact, that I have not received yet a single spam letter, despite the fact, that my e-mail account appears on every page and is not protected by any kind of fancy JavaScript. The only explanation I can think of is that my site is still too young and the spam crawlers simply haven't discovered it yet. A lot of spam to come in the future, probably.