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deadasadodo

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About deadasadodo

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  1. We've been buying/ selling - Hove to a greener part of Sussex. Listings have generally been coming on at peak of the market+ prices, due both to estate agents competing for business and sellers expecting what their neighbour got in 2017 plus a bit more. The house then generally sticks around until either the price is cut significantly or its withdrawn from the market. From a buying perspective it's just frustrating, as you have to wait for 3-6 months after a house is first listed before the seller is willing to consider a realistic offer. Chains are also difficult to create as a seller will sa
  2. Risk is the word here. If you don't know the area(s) very well renting for a year or so is a really good idea, as you'll reduce the risk of finding you hate the area and having to stump up a second fortune in stamp duty and fees. Investing all of your equity is a big risk though. If house prices fall and your portfolio does well you'll look like a hero, but if the opposite happens you're in trouble. You'll also commit to years of obsessively checking stock and house prices. Ultimately if it's your wife's money I guess she has final say. Personally I'd suggest renting for a year to
  3. The obvious financial risk of renting is costs incurred when your landlord kicks you out, so fees, removals, new furniture and deposit deductions. However, if you can afford to buy (and intend to) your main financial risk is the market moving against you and needing to find more money when you buy. The main financial risks of buying is being forced to crystallise a loss of you're forced to sell in a falling market, and the enormous cost of an unforseen move (stamp duty, estate agents fees, legal fees, etc). From a security perspective though you're way more likely to get kicked out
  4. Analysing the impact of working women on house prices is a bit like analysing the impact of the Earth going round the sun. Aside from the Incels and their ilk (who seem to think women as shrew like creatures to be used for sex and child rearing) the vast majority of people would agree that denying women the rights to work and have an independent financial existance was a huge historic wrong. This isn't going to change. What can change is how 2 salaries are judged in a mortgage application. But this involves banks making judgements. Should two mates or a homosexual couple buying together b
  5. Except it's not is it? We live in a welfare state, which is what this thread is about. Currently there's some support from the state should we lose our jobs or get ill, which helps mitigate some of the financial and personal risks we take in life. People have different views on who should get what. Sorry you don't like me telling stories. Personally I think our stories provide context for our views and concerns, and in a policy context sobby stories well told have a lot of power. But I'll hold back on them when I reply to you again.
  6. Thanks all. So views are that any support should either be a loan secured against the house, or on the proviso that the state comes in as a partner to share in any future HPI. Yes it would, it would also encourage the banks to step in before things got too out of hand for fear their security would be eroded to nothing. Like I said, giving our background this year for context - our position is lucky and I've always been quite debt adverse/ savings focused. My mind likes to jump to worst case scenarios and project the current situation into the far flung future, hence I started
  7. I went to the local Toys R Us a few months ago to get a grow bag for the youngest. Dreary, deserted warehouse is how I'd describe it. Ours is quite central and has free parking - I can't understand why they don't put in a soft play and a cafe to make it more of a destination for kids and parents. As it is they're just waiting for Amazon and co to put them out of business.
  8. Venger, politely can I ask how you'd structure the benefit system for housing support - for tenants and homeowners - and also your line on mortgage or rent forbearance? One reason why this thread has struck a chord with me is my wife lost her job earlier in the year. We can just about get by on my wage without drastic cutbacks, but there was a bit of 'drip drip' into our savings - unexpected car repairs and that kind of thing. Made me think about when we'd pull the rip chord so to speak and flog the house. Would I keep holding hope that things would turn around, even when the bank was th
  9. Just out of interest does your partner own/ mortgage the house or is she renting? I know several people who have kept their flat/ house when they've moved in with their partner - starts off as an insurance policy against the relationship going bad then stays on because they like the rent coming in. Mainly seems to be Londoners. Aside from the obvious 'one more rented house' thing it's not a great idea in my mind, as if there's an easy escape route there's a temptation to use it prematurely if the relationship goes through a rocky patch. Good luck to you - hope living with your partne
  10. Yeah, this. Plus properties haven't been revalued since the early 90s, so the huge in increace in wealth in some areas hasn't been reflected in the tax levied - round here expensive town center flats frequently pay less than council houses because they were grotty in the early 90s. Also the percentage increace cap encourages Councils to go for the maximum increace. If they don't they can't catch up with the 'lost' income if they need more cash in thr future. A badly designed tax that's been poorly implemented.
  11. I think the analogy is that, if someone could opt out of the NHS, they probably wouldn't be left to die in the street because their alternative medical provision (if any) didn't work out. The cost of saving that person's life would fall back on the taxpayer. Relating that to pension choices if a person made some poor investment decisions and hit retirement without any cash the tax payer would probably end up supporting that person through the benefits system rather than let them live in poverty. That said, your suggestion of broadening pension investment options out makes a lot of sense a
  12. I've shamelessly stolen this link from a poster on the FT, who thought it's a good analogy for trading Bitcoin:
  13. I manage a geographically distributed team and things have been dead as a dodo for the last week or so - once a few key people knock off it's hard to get anything done and everything goes flat. So I'm left with not a great deal to do (hence posting here at 9.30) with the nagging fear that a client will ask for something important NOW and they'll be no way of getting it done.
  14. Venger, I have been reflecting on Beary's comments whilst on a long drive. As I've said, I've been lurking here for a long time and feel I know posters, but obviously I haven't been posting for long and forum regulars don't know me from Adam. Looking at what Beary said I thought "what would people think of me from my posting history?" - the answer is a angry person who wants to pick a fight, mainly with you. So, I apologise - sorry. I still think the best laid plans can come unstuck despite our attempts to build a safety net, and life frequently kicks people in the guts for no good reason
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