Price increases across the board.

[ChrisB]

Simple answer is we all need to buy food,pay the mortgage and the bills but we dont have to buy RC heli related stuff.

I remember my LHS saying there was little margin in the 600NSP kit anyway so a price hike is understandable.The other Align heli kits are around the same price as before and as i always say,if you shop around you will get a deal rather than just keep aimlessly buying from the same shop all the time.Make them fight for your custom.If you get good service and a good deal all the time then fair enough but do your homework and keep them on their toes.

It seems some stuff is going up and other stuff isnt so a bit of wise research and shopping around should do it.

[Ashley Davis]

The 600NSP is still 499.99 at Skyline and they are doing 5% discount and double discount online, so that makes them cheaper than fastlad were last week.

[ChrisB]

Midlands are dear on the 600NSP also but all the other Align kits are about the same

T Rex 600 belt £200

Nitro Pro £308

Nitro Pro 700 £439

And all the 500`s are cheaper than when i got mine when they came out.

[robgt]

Midlands 600NSP is the same price as FastLad...

Just FYI
Cheers,
Rob

[Tim Procter]

The 600NSP is still 499.99 at Skyline and they are doing 5% discount and double discount online, so that makes them cheaper than fastlad were last week.

Yes of course and Leeds Models still have old stock at £464.86 but as quoted all new stock will retail at £599 or very near.

Sad but true Ashley.

I reckon mid summer prices will start to drop again like they did before, Look back this time last year, Prices were higher than they have been recently, Something had to give.

[TimmyB]

I jist butled my latst bach of homebruuw and drink thr leftovrs soo i domt reely carre lolllloll.

[Stuart]

Yeah right Dave it makes all the difference

£1000x17.5% VAT = £175
£1000x15% VAT = £150
=£25 difference on £1000

Not a lot of difference to Joe Normal in the real world

The whole VAT thing for me was what should have been part of a much bigger picture.
Rant coming

At the end of the day the position we are all ending up in is in my view, because still the banks won't lend. They'd rather horde the cash.

20+ years ago people saved and then bought stuff, yes a mortgage and maybe a car on finance but that was it. But people generally used saving accounts to build up the cash for a rainy day or buy bigger things.

Then the credit card Ind came to life and you could borrow like crazy on the never never, so people stopped saving and just used the cards. It was easy, the knock on effect was people stopped saving and bank's liquidity started slipping so they needed more mortgages with good equity in that they at the time believed would bolster their book's. Never thinking for a second that the bubble might burst in the property market. So these mortgages became security for the bank to borrow for the interbank system to fund their growth. Then the sub-prime market was even more appealing why.

Take your average Joe, with good credit - pay's his bills all day long on time every time. = great payer but poor profit margins. Hit the average Joe's brother with a poor credit, charge him 4 times the rate he only needs to 1/4 of his payments to make the same profit, but if he paid all of it - the cash register is bursting with loads of money!!! - take the bad debt effect of say 30% being defaulted but as the bank you have the house now with loads of equity and then his ass too for those nice fee's and arrears. The 70% that have paid way over the odds have covered the 30% bad debt by miles, plus they still had the security on the property with loads of equity. So they had even more equity to borrow against to fund even more growth and their cash reserves are now building back up.

So were else can they make some more money…because they have bog bonuses to gain by showing the city massive profits and shareholders are happy. Hmm…Insurance!!. This soon became an even bigger money maker for the banks than lending in fact I did a deal once with an advance of £1.2m and netted the bank nearly 100k , about 90% of it came from insurance profit. But the amount of insurance they could sell meant they could dictate shared profit scheme’s with the underwriting insurance company advancing the clients in effect 100% of the premiums to the ins co and in the event that they cancelled a claw back was built in.

So when the bubble burst equity in properties dried up, these securities became worthless and huge gapping caverns in the banking funding system appeared out of the blue. Shares dropped, pensions scheme’s with values now way way below what they should be and right-off’s in balance sheet’s the size of Calcutta.
But bank’s couldn’t stop themselves from trying to clear their book’s as quick as possible by repossessing houses as soon as possible, creating a change in the direction from house values increasing to decreasing. This then meant their equity was dis-appearing even faster so they started repossessions faster. Catch 22 had arrived. They grew the bubble, borrowed against it in essence based on false profits and over exposed themselves and now were the catalyst for causing the bubble to burst. Ironically they themselves preaching and demanding good money practices were in effect the worst of them all.

So why did it happen....

In my view a whole host of reasons the use of computers and credit reference systems to make quick automated decisions at the front end to feed in the volume and agree the quick unsecured lending. Taking the decisions away from people on the ground and losing touch of the customers in the true sense and looking at them as a pure commodity. Commercial lending took in some cases the same process, but on larger deals credit depts, became more akin to security merchants only doing deal’s based on minimal risk rather than the ability to pay. So now they won’t lend to businesses or the average person and as a result the companies are downsizing rapidly as there working capital is running out at a rate of knot’s and without a downsized business model to match the demand it’s only a matter of time before lot’s more hit the wall.
The Bank’s got greedy to feed the fat bonuses, keep the stock brokers and city happy they felt un-stoppable. Nothing else.

Now with inter-banking lending system (LIBOR) is still grinding to a halt still after billions have been provided. I think it’s time to turn the system on its head I think the state has missed a golden opportunity to turn HBOS & RBS into a 100% state pure bank akin to the PO, with a clear mandate to fund business growth and housing sector.
The others won’t do it….take the billions offered to them and fund it into a state bank. Then let the bank’s that fail to lend let them go to the wall you don’t see any other business that’s about to go bust like Woolworths or MFI equally household names getting saved by the state. They have become in my view too big and nations have are beholden to small group of glorified loan sharks that are reluctant to budge.
So back to the VAT – in my view VAT reduced yes, but also with income tax, tax on fuel, rfl reduction put more money into the pockets of people and they will save and buy products, matched with a state bank it can in my view kick start the system in the right direction. For the bank’s that are left that didn’t support the economy when it needed it most, I would strip them of their ability to sell finance products other than pure banking and savings.

Suggest that and you’ll see how quick they start lending.


Apologies for the rather long post having met a bloke yesterday who was refused a nominal incease in his business o/d by his bank unless he guaranteed it I'm rather peeved at they way they are behaving in these times. I really don't see why we should help them when they won't help those that need it.

[TimmyB]

myy hed hurtts int his spose to be a helicoper forrum?? Thers enuf of this crudd onthe newws. Wanna do sumthin bout it? REVOLTT!! Helis arrr spose to be an escape fom ths sh***

[Made2Fade]

Well i learned summit there thats for sure. Sounds like you have a plan Stu.

Cheers
Lee

[TimmyB]

Well i learned summit there thats for sure. Sounds like you have a plan Stu.

Cheers
Lee

Ye hes ginna rite to his mp. how can yoiu winge when you got enufh spare cash to blows on ridichuludsdly exopenive toy helicopters? count yousel lucy yiuo dint livbe in zimbasbwe.

[pompeyjohn]

Ye hes ginna rite to his mp. how can yoiu winge when you got enufh spare cash to blows on ridichuludsdly exopenive toy helicopters? count yousel lucy yiuo dint livbe in zimbasbwe.

I am stunned.

How can you even type that?

edit: Oh I get it. You are pretending you are drunk. Very funny. Well done.

[pompeyjohn]

If the banks broke the law then they need to be held accountable. The way I see it, they did not.

Sure they behaved in a way that we consider to be irresponsible but what we think doesnt matter. They behaved responsibly towards their shareholders by doing all they could each year to provide a high dividend.

The folks I blame here...

The Government
The banks should have been allowed to go bust. Clearly, all companies are created equal, but some are more equal than others. It chills me that the opposition party favour even less regulation.

The BBC
Most of the media bought into the myth of 'property development'. The BBC however has an obligation to behave more responsibily than The Sun or The Daily Mail.

Yet on most days they ran four or five hours of tv shows which completely mis-represented the concepts of profit and investment. I have lost count of the times I swore at the screen whilst some moron model talked into the camera about the 'profit' grandma's house had made.

The Morons
Anyone who bought a mortgage they could not afford should lose their house. Why should I [or anyone else] pay for their ignorance and stupidity?

Regrettably the majority of the UK is now in debt, and so they are the ones that are appeased by the Govt. And this will continue to be the case... until we get a government with backbone, or a new a form of government.

Factor in the pitiful Interest rate and it just makes no sense to be financially prudent in the UK. It is both tragic and absurd.

[ChrisB]

Could not have worded that any better.

[inpar]

What about nearly £100 for 8915's
Yes I do feel sick
This could kill it for some people in the hobby

Cheers

Mark

Couldn't agree more, my LHS owner tells me his takings have dropped from 6k per month to £1,600, luckily he owns the building and all the stock so he's fairly safe ...

[robgt]

The banks should have been allowed to go bust

I believe you are wrong there.
If this happened millions of people would have lost everything.
I don't agree that what the banks did was right, but under the system with a lack of regulation, greed took over and we are where we are. It's not right or just, but it's better than millions of innocent people losing everything.

In my opinion

I agree with your BBC and Morons sections though
Cheers,
Rob