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It's easy to look for the enemy without, it's much harder to accept that it is ordinary folks in your own towns doing the damage.
I know someone who lives in Wales and is hoovering up BTL in Wales as fast as he can to provide a retirement.(says he needs 15 or so properties). It's a national disease that trancends borders, class etc. I'm from the northern province and it's exactly the same there- people shafting their neighbours, day after day.
Come Home To A Real Fire – Buy A House In Wales Welsh house prices and holiday homes
#16
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Posted 16 March 2011 - 12:05 PM
delusion, de.lu.sion; defn: A typical housing VI's assessment of the current state of the market, eg:
Added by Chris on 2012-03-17 11:46:02
I'm not saying that the market WILL pick up this year, but in my opinion 2012 is the last year of low house prices....
Added by Chris on 2012-03-17 11:46:02
I'm not saying that the market WILL pick up this year, but in my opinion 2012 is the last year of low house prices....
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#17
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Posted 16 March 2011 - 12:11 PM
winkie, on 16 March 2011 - 12:03 PM, said:
....all sales are to cash buyers surely, an agreed mortgage subject to survey is exactly the same as cash....a strong reliable chain if you have one helps also. 
Two very big "ifs" there
[color="#4169E1"]2013 Predictions (as at January 2013)
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
#18
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Posted 16 March 2011 - 12:18 PM
I am currently in Wales - at The Celtic Manor, for those who know it. First time back in 9 years, the restaurant was rammed last night and it ain't cheap. I also went back to my alma mater in Swansea, boy has the housing landscape of that place changed in the last 15 or so years. Funny thing is, as TMT observes, the average Joe there has as little cash as he did 20 years ago, so where is all the money coming from?
I also had a conspiratorial thought about the Wales situation. If it is true that most of the Welsh have a huge disdain for the English (and, based on my experience as an English student in Wales, that is an understatement) and if it is true that the majority of the population rely on the public purse for income, either via benefits or public sector employment, surely they are merely milking the (English-dominated and funded) system for all they can before it goes down and/or are helping to bring down that same (English) system from within?
I also had a conspiratorial thought about the Wales situation. If it is true that most of the Welsh have a huge disdain for the English (and, based on my experience as an English student in Wales, that is an understatement) and if it is true that the majority of the population rely on the public purse for income, either via benefits or public sector employment, surely they are merely milking the (English-dominated and funded) system for all they can before it goes down and/or are helping to bring down that same (English) system from within?
#19
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Posted 16 March 2011 - 12:32 PM
7clubs, on 16 March 2011 - 12:18 PM, said:
I also had a conspiratorial thought about the Wales situation. If it is true that most of the Welsh have a huge disdain for the English (and, based on my experience as an English student in Wales, that is an understatement)...
Considered studying at Aberystwyth Uni. At the open day, the student showing us round told us to make sure that if we didn't want to live in a Welsh speaking hall of residence that we state that on our application form. My enthusiasm to study there melted away at that point.
2012 Predictions - made January 1st 2012
- Inflation to drop sharply and to a level that makes pay rises and savings account rates seem half decent
- BTL to be revealed as the next financial disaster in the making as potential tenants buy lower priced houses
- Progress to be made toward the market bottoming out from 2015, so more falls but not as seen in 08-09
#20
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Posted 16 March 2011 - 12:45 PM
silver surfer, on 16 March 2011 - 11:59 AM, said:
I STR'd in 2005 and am now trying to buy a detached family house in Lymington, Hampshire. As a cash buyer I thought it would be pretty straightforward. I asked the EA what percentage of detached houses went to cash buyers? She looked a bit surprised at the question, "virtually all of course".
You didn't think that may be a brazen lie to stop you thinking you had any negotiating power for being a cash buyer?
it is, until it isn't tm
#21
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Posted 16 March 2011 - 12:50 PM
hotairmail, on 16 March 2011 - 12:45 PM, said:
You didn't think that may be a brazen lie to stop you thinking you had any negotiating power for being a cash buyer?Good point, except this particular EA is dense to the point of pathological honesty!
[color="#4169E1"]2013 Predictions (as at January 2013)
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
#22
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Posted 16 March 2011 - 12:52 PM
leicestersq, on 16 March 2011 - 12:03 PM, said:
It is a problem, rich people can in theory outbid poorer people and buy all the housing.
The only solution to this issue is for a highly progressive tax on property. Second homes should attract a vastly higher council tax than a single property, making the costs of ownership much higher for second home owners.
To get around fraud, it would make sense to have a register of all UK citizens. All properties would attract a very high rate of tax. You can get a discount against the tax by letting them know your citizens number (NI no perhaps). You get a bigger discount if you are a couple living in said property.
Get the numbers right, and you can put all of this tax on to the shoulders of people that buy larger properties and more than one property, giving people with less means more power in the housing market, at the expense of richer people.
At the moment, the tax system in housing is very regressive, meaning the richer pay less, and as a result are pricing out poorer people, part of what this website is trying to oppose. That has to change.
The only solution to this issue is for a highly progressive tax on property. Second homes should attract a vastly higher council tax than a single property, making the costs of ownership much higher for second home owners.
To get around fraud, it would make sense to have a register of all UK citizens. All properties would attract a very high rate of tax. You can get a discount against the tax by letting them know your citizens number (NI no perhaps). You get a bigger discount if you are a couple living in said property.
Get the numbers right, and you can put all of this tax on to the shoulders of people that buy larger properties and more than one property, giving people with less means more power in the housing market, at the expense of richer people.
At the moment, the tax system in housing is very regressive, meaning the richer pay less, and as a result are pricing out poorer people, part of what this website is trying to oppose. That has to change.
Yes, that has to change......but the powerful and rich will resist that change......the 'squeezed middle' and the young will soon see it for what it is....resentment is slowly building up...the cushioned and comfy will soon have to both listen AND act.
What you don't owe won't worry you.
Less can be more.
Less can be more.
#23
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Posted 16 March 2011 - 01:03 PM
silver surfer, on 16 March 2011 - 12:50 PM, said:
Good point, except this particular EA is dense to the point of pathological honesty!
Maybe they misunderstood the question and thought you meant people bartering live stock?
Buy my book "All the Way Home"
#24
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Posted 16 March 2011 - 01:24 PM
silver surfer, on 16 March 2011 - 12:50 PM, said:
Good point, except this particular EA is dense to the point of pathological honesty!
Beware the cunning of stupidity!
it is, until it isn't tm
#25
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Posted 16 March 2011 - 02:25 PM
hotairmail, on 16 March 2011 - 01:24 PM, said:
Beware the cunning of stupidity!
I'll BEAR it in mind.
[color="#4169E1"]2013 Predictions (as at January 2013)
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
1. Nationwide & Halifax will show a nominal house price decline of 3% or less across 2013. Falls will be steeper for flats, starter homes, unemployment blackspots and in the North and Wales. Falls will be shallower for 3+ bedroom family homes and in London and the South East.
2. Land Registry and Acadametrics declines will be less than Nationwide and Halifax because they also include cash purchases, which will constitute a growing share of total house buying.
3. The base rate will remain exceptionally low in 2013.
4. RPI will be higher in 2013 than 2012, but by the end of the 2013 will be about 3-4%.
5. FTSE will be over 6500 by the end of 2013, corporate profits will grow, but driven by cost cutting and overseas earnings rather than domestic demand.
6. Owner occupancy rates in Britain will decline further as <25% deposit mortgages remain restricted.
7. Greece will still be in Europe by the end of 2013, but the underlying problems won't have gone away and at some later point they'll have to abandon the Euro.
8. Unemployment will finish the year at about 2.5 million. Median pay will fall further behind average pay as inequality continues to grow.
#26
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Posted 16 March 2011 - 02:51 PM
Not stupid. Just good at acting?
All of my posts are a work of fiction. Any resemblance between real life entities, events or persons (living or dead) mentioned within them is purely coincidental.
Typozay Find auction spelling mistakes
Typozay Find auction spelling mistakes
#27
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Posted 16 March 2011 - 03:23 PM
The Masked Tulip, on 16 March 2011 - 11:41 AM, said:
That post by that Yachydda man/woman is fascinating. It reads like a Hollywood movie.
It reminds me of Monty Python.
"Bl**dy English coming here and nicking our water. We'll show them. Blow up the dam! Doh!"
It reminds me of Monty Python.
"Bl**dy English coming here and nicking our water. We'll show them. Blow up the dam! Doh!"
Well, I remember me uncle standing with a cudgel near Sennybridge to stop them flooding his valley with water - it was as much to do with eviction as anything else.
#28
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Posted 16 March 2011 - 03:28 PM
7clubs, on 16 March 2011 - 12:18 PM, said:
I am currently in Wales - at The Celtic Manor, for those who know it. First time back in 9 years, the restaurant was rammed last night and it ain't cheap. I also went back to my alma mater in Swansea, boy has the housing landscape of that place changed in the last 15 or so years. Funny thing is, as TMT observes, the average Joe there has as little cash as he did 20 years ago, so where is all the money coming from?
I also had a conspiratorial thought about the Wales situation. If it is true that most of the Welsh have a huge disdain for the English (and, based on my experience as an English student in Wales, that is an understatement) and if it is true that the majority of the population rely on the public purse for income, either via benefits or public sector employment, surely they are merely milking the (English-dominated and funded) system for all they can before it goes down and/or are helping to bring down that same (English) system from within?
I also had a conspiratorial thought about the Wales situation. If it is true that most of the Welsh have a huge disdain for the English (and, based on my experience as an English student in Wales, that is an understatement) and if it is true that the majority of the population rely on the public purse for income, either via benefits or public sector employment, surely they are merely milking the (English-dominated and funded) system for all they can before it goes down and/or are helping to bring down that same (English) system from within?
Yes, there's so much deep hostillity it can shock. Weird thing is many English people don't even notice what people are doing / saying about them, or perhaps it's easier to ignore it. My view is that Wales needs to grow up, and the only way we'll ever do that is by being cut free from Mother England. We need to be forced to stand on our own 2 feet. To be forced into independence. No more subsidies from Westminster thanks. Then we can make a go of it and start blaming ourselves rather than our neighbours.
This post has been edited by gruffydd: 16 March 2011 - 03:30 PM
#29
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Posted 16 March 2011 - 04:13 PM
gruffydd, on 16 March 2011 - 03:28 PM, said:
Yes, there's so much deep hostillity it can shock. Weird thing is many English people don't even notice what people are doing / saying about them, or perhaps it's easier to ignore it. My view is that Wales needs to grow up, and the only way we'll ever do that is by being cut free from Mother England. We need to be forced to stand on our own 2 feet. To be forced into independence. No more subsidies from Westminster thanks. Then we can make a go of it and start blaming ourselves rather than our neighbours.
Scotland too.
Thing is, they can't survive alone. As a Scot living in England, I've no idea why the English are not chomping at the bit to be shot of them both. At present they're just cash sinks, with little or no appreciation or benefit in return. The Scottish imposition of Uni fees on England via the Scottish Labour majority was an unforgivable act of partisan politics at its worst.
I think independence would enhance both countries in the end, as you say it would force a maturing of thought. It's easy to be left wing when it's other people's money, especially those a grudge is borne against.
delusion, de.lu.sion; defn: A typical housing VI's assessment of the current state of the market, eg:
Added by Chris on 2012-03-17 11:46:02
I'm not saying that the market WILL pick up this year, but in my opinion 2012 is the last year of low house prices....
Added by Chris on 2012-03-17 11:46:02
I'm not saying that the market WILL pick up this year, but in my opinion 2012 is the last year of low house prices....
#30
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Posted 16 March 2011 - 05:13 PM
Just spent an hour talking with a former banker for HSBC who gave up London, sold his house and bought one in Tenby, semi-retired, got bored and so he retrained as a gas engineer. Says most of his neighbours in Pembs are similar from London.
The success or failure of your deeds does not add up to the sum of your life. Your spirit cannot be weighed. Judge yourself by the intention of your actions and by the strength you faced the challenges that have stood in your way.
The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.
The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.
The people closest to you have been trying to tell you that you have made a difference. That you did change things for the better. The Universe is vast and we are so small. There is really only one thing that we can ever truly control - whether we are good or evil.
The political triumph of the American Right has been to advance relentlessly the economic interests of the country's richest people, while emphasising a swath of moral, social and foreign policy issues that motivate and certainly distract middle-class and poor voters.