blackhole
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Posts posted by blackhole
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2 minutes ago, Man of Kent said:
Sorry, but your imagination (and mine) is a poor guide to what would happen in court. I've been to court often enough to know that very little is clear cut.
True enough, but given my particular situation (served notice already - which is shorter than the 2 months notice), it didn't result in any threats or court action. They were getting the place back empty within 4 weeks...
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5 minutes ago, Man of Kent said:
So, there were things that the landlord could have done, but he chose not to do them.
We made it very clear that viewings would have disrupted our young family (genuinely was causing stress) and on that basis, we couldn't proceed to let viewings take place till we vacated. If that went to court, I'd imagine it would be pretty clear cut. Had no pressure once we explained the situation.
Should add, at that point we had already served notice, so in reality there wasn't much they could do in return.
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Just now, Man of Kent said:
So, on what grounds did the court refuse the landord's application for an injunction? And on what grounds did the Court of Appeal reject his judgment against that judgment?
What does my post have to do with an injunction?
I simply stated that on the grounds quiet peaceful enjoyment, I denied all viewings till we left the property. It really was that simple.
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Can confirm from own experience of having the landlord try to sell from under our feet, that it was entirely within my powers to deny ALL viewings whilst resident, till we left. There was absolutely nothing the EA or landlord could do.
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11 minutes ago, Simhadri said:
Property prices won't drop.
https://www.channel4.com/news/factcheck/almost-one-in-five-mps-are-landlords
They'll make sure money will be available. If property crashes, it'll impact elite as well.
I gave up in 2017 after waiting for 7 years.
Will be scary for next generation if they want to buy in 20 years time.
Too many corporates and international investor goddling up property in coming years.
Political landscape is really shifting. As discussed in another thread, housing cost is seriously impacting talent retention despite paying more much than average salaries. Rent-seeking ad infinitum is starting to crumble.
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Ah Life on Hold once again. Somehow renting prevents you from living.
Sure.
Rather rent for a few more years than participate in this
banana republic/lifetime of crippling debt/ housing ladder. With things as they are right now and a skill set that's in global demand, I'm feeling rather good about having my "life on hold" :-) -
HTB accounts for easily 20%+ raises alone.
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15 minutes ago, Simhadri said:
We will see a repeat of 1992 in next general election. Corbyn is following footsteps of Kinnock. Too late for Labour. Its just a party of feminists, anti-semite, ethnic minorities and miners. Working class white can't afford another recession. Shy tories are always a great wall which only Blair managed to breach. Most of my friends switched to tories in their mid thirties. Most of them not interested to pay more taxes under corbyn. I am still stuck with Labour in safe tory seat. Here I'm an alien as Labour are not even campaigning in local elections in my place as they have slim chances. Every 10 years, I'm seeing 25+ year labour voters gradually turning blue in their mid to late thirties. Labour has to reinvent itself. Blair is not the solution, but the way he demolished tory machinery is a lesson labour could emulate.
Are most of your friends who switched to tories, homeowners? That's whats significantly different this time around. I doubt any tax cuts or holds will help priced out renters as things stand.
But yes I do agree, reflecting on Blair's win may help here.
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Good luck to you; ultimately its your choice, and you need to do what is right for your own circumstances.
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5 minutes ago, Thorn said:
BBC Radio 2 news just quoted this from the Resolution Foundation and said...wait for it... it’s because Houses Are Too Expensive.
BBC staff might be reading HPC and starting to get it...!
I suspect there's now enough workers at the BBC that are priced out themselves... critical mass so to speak.
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13 hours ago, BuyToLeech said:
Disparaging landlords has nothing whatsoever to do with Identity politics. Capitalist economic theory makes it very clear that landlords are economic parasites, they are a relic of the feudal system that need to be done away with.
Absolutely. Rent-seeking behaviours doesn't enable economies to advance. Especially when the masses think this is the "road to riches".
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The real problem IMHO is that many rely on housing for equity, but in reality most are unable to materialise it.
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This is such an odd article. Who can actually pay these prop-tastic prices to sustain such insane valuations? Can't even get the oldies to move out and downsize most the time due to costs + hassles.
I know a few who simply can't downsize due to not being able to rid themselves of their grown kids.
Puff piece more like.
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Given we are living in some strange times to say the least (state props all over the place, unbelievable amounts of QE, populism to name a few), how can the OBR's forecasting be taken seriously?
How can many forecasts be taken seriously for that matter.
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I've been lingering on here for over 10 years now. I've taken some advice from here and good friends and family, which essentially boiled down to "do something niche, do it well" which combined with being in a super-niche sector has worked out very well.
Much like yourself OP, I'm just not going to play this "game" either.
Anyway, thanks to being in this niche which has global demand, and many recent trips abroad related to said niche, I've come to the conclusion that perhaps staying in the UK isn't all that after all. Wife is onboard with the idea too.
I mean, what's so good about a place where basically mind-numbing fictionalisation is practised, often no-questions-asked, till it blows up in their face? Even then, they're not learning due to state intervention.
I've been so much happier since!!
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Sure it appears angry and repetitive at times, but sometimes you do need to challenge the concept of "human shields" and what-not in hopefully a balanced conversation.
Unfortunately as said, it turns into a sniping match as a way to deflect from the actual conversation being had (i.e. maybe human shield model isn't so good for us renters...).
On the plus side Venger is rather good at highlighting this, which in itself acts as an indicator in a set of indicators.
Fun times ahead.
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Make the move. It's not worth it anymore. Kids adapt. That kind of income goes a long way outside of london/brighton. No need to struggle, you just have to make a choice.
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Perhaps they should go further and offer rental favouring longer tenancy agreements a standard option (i.e. 5yrs tenancy with exemption from no-fault evictions, with flexibility for tenant to move on if required).
Would also help to kerb speculation at the same time (unless you want to sell with tenants in-situ, not attractive I hear).
I get the impression that AST isn't quite the right tool when generations have been priced out and forced into rental. At the same time, one wonders whether AST is an enabler of HPI craziness.
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7 minutes ago, UnconventionalWisdom said:
A one bedroom flat where I live (SE, outside M25, 40 min train ride to London) was up for 220k. Average salery 28k. You've got to be mad to be a young person and think that's a good deal- especially when you also have to include the service charge (which could increase at any time). That purchase could ruin your life
Indeed, good luck to the buyer at those prices, they'll need it. The priced out truly are gifted, they'll realise with time.
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1 hour ago, LittlePig said:
As a young(ish) person I don't want to own a house. I just want a secure, protected tenancy that is affordable on a average/below-average wage.
A very reasonable ask; for the UK to move towards a far more productive mindset (not this crazy rent-seeker extreme model we currently have), this is a basic requirement.
I don't think money markets honestly believe that the public + private debt consumption levels - especially in the face of QE being reversed - can be sustained, which may well lead to less financial liquidity to rent-seeking types of activities. Though risk pricing appears to be faulty, for now at least.
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15 minutes ago, UnconventionalWisdom said:
I agree with this as I think that (when it was possible) too many people get tied down too early and may not explore other opportunities as there's added faff when selling. But the situation now is that there's no chance of putting down roots even if young people wanted to. If the situation continues or gets worst, I can see a way out for young people other than mass emigration.
The priced out are currently the gifted ones. What kind of political system enables the general public to get into so much debt for basic housing needs? ... yeah, exactly.
Brace yourselves, winter has arrived.
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7 hours ago, DarkHorseWaits-NoMore said:
What, you mean those kind hearted upstanding survents of the people are unwilling to take the hit for the nations needy, are really only in it for the bottom line after all.
Shocking!
+1000.
BTL is supposedly treated on commercial terms. Even if you do get a tenant who's not on universal credit, there's no saying they'll necessarily be any more solvent. Plan accordingly, or expect some pain.
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2 hours ago, anonlymouse said:
It's the inwards ripple. Why move somewhere which adds 250hrs a year to your commute if you can now afford somewhere in Zone 5.
Why move out to Zone 5 if you can now afford a house in Zone 3.
Etc etc. As the inner London boroughs get cheaper people aren't pushed outwards like they used to be, which in turn deflates outer London boroughs, which in turn deflates the commuter belt.
Agreed. Bring it on.
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53 minutes ago, stuckin2up2down said:
It's not just the south east this is happening in.
People seem to think their house is worth the highest price ever paid for a similar house or even more, to sell it for anything less than the best price it could have achieved at the right time is exactly the same as burning money
Yes the entitlement "programming" as @thewig mentioned is off the charts. I'm always a bit amazed that the masses are OK with literal unearned gains and often don't question how its possible. Till it bites them in the backside, that is.
Stuck in Leasehold House
in House prices and the economy
Posted
IIRC there was an article discussing the solicitors views on people signing the dotted line when properties involved leaseholds. During legal contract reviews and whatnot related to the property and the mortgages themselves, the solicitors made it very very clear to the buyers that there were implications such as the above mentioned. Buyers chose to continue and ignore their advice.
What was interesting about that article is a group of solicitors came together in a forum and concluded this behaviour had become common practice as buyers were so so desparate to proceed, whatever it took.
Behaving responsibly doesn't seem to reap much rewards these days, does it?