stop_the_craziness
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Yes I think this is just another instance of coronavirus pulling forward something that was going to happen anyway. When I first saw the headlines about the Cineworld closures I thought "Bugger, I've still got loads of free vouchers left to go there". Which after a moment made me realise that even going to the cinema for free hasn't been enough of a temptation for me because on the whole it's actually a less pleasant experience to see a film at the cinema now than it is to watch the same film at home for the sort of reasons stated above here - other people and their phones/lack of manners. I think the brinkmanship argument between the cinemas, the film industry and/or the government is a strong one too. It's a drastic thing to announce but it might be more of a threat than an actual plan at this point.
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Countdown to leveraged BTL going bust thread
stop_the_craziness replied to jiltedjen's topic in House prices and the economy
Pamela is furious. I would also wager that she is lying and the "sublet without my knowledge" is BS. My guess is she happily had 3 people in a 2 bed flat and now wants one of them out. And the legal process has now bitten her in the backside. As it should. -
Wealth transfer. Will it turn out that the younger people "buying" the houses in the sub 200k bracket are those whose parents are buying them for them in order that the parents can keep prices artificially high so that they can still escape the ponzi at the top end? And those who don't have those parents don't have those houses. Again.
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My colleague moved recently and this is how her chain stayed intact. The house she was selling was the bottom house and she had two lots of FTBs drop out and the people at the top of her chain (4 house chain) got so twitchy that they bought her house themselves. I can't see it for sale at the moment so presume they have either rented it out or it is empty.
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ONS index is made up ******.
stop_the_craziness replied to TheCountOfNowhere's topic in House prices and the economy
Houseprices.io has started to get really interesting in the last few months for my area. Almost any house that is green (profit made) was last sold prior to 2016. Anything where the last sold date is 2016 or later seems to be red (profit not made). I first wanted to buy in 2016 and thought that prices were so crazy they had to be close to the top if not the actual top. Four years on those thoughts seem to be crystallising into mathematic facts. -
Sentiment turning on mumsnet
stop_the_craziness replied to dougless's topic in House prices and the economy
I looked into Shared Ownership when I was desperate to buy in 2016 and prices were insane. The first question I asked was "Once I've worked my way up to owning 100% does the freehold get transferred to me?" The lady on the phone said "I have no idea. No one has ever asked me that question before so I will have to come back to you". I was stunned. As it was my first question I presumed it would have been everyone's first question. -
Making offer on a house
stop_the_craziness replied to user not found's topic in House prices and the economy
Very informative, I always wondered when I saw those what it was all about and why only on a few, specific houses. -
Ladies and gentlemen please take your seats for tonight's performance. The fat man is warming up and the singing will start in five minutes. It's on. God help anyone with a house to sell in Ashford.
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The Nationwide Building Society
stop_the_craziness replied to TheCountOfNowhere's topic in House prices and the economy
Perfect summary. -
I don't have any insider knowledge I'm afraid, but my experience is the same as yours. I think it's common practice that new build estates will offload any remaining houses to a Housing Association after a particular point because the developer needs the cash flow to move on to the next new build. The Housing Association will bulk-buy the remainder as whatever discount they hammer out with the developer. Around my way the new Shared Ownerships all get sold really quickly. The 2nd hand re-sales are really hard to shift, but no one who is buying the new-build ones seems to take that into account.