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Posts posted by barrabus

  1. 6 hours ago, winkie said:

    British gas have not been competitive....they have lost many customers because of this, actually gas and electricity has some kind of competition built in within market choice. If can be bothered to search it is possible to reduce the cost of both therm prices and SC.....collective groups and smaller companies, shopping around......it is water that has the monopoly, why is that?....like the trains, must be the highest priced utility in the whole of Europe.?

    Do not pay your water bill they cannot turn you off by law, tell them you do not need thier service  they dare not take you to court for enforcment  plus nearly all the water companys are owned by the French and German 

  2. On 16/10/2016 at 11:00 PM, GreenDevil said:

    There needs to be away to enable Joe public to buy a piece of land build a home and live off the land if he wants to. That just isnt poosible despite as you say vast swathes of green.

    It can be done ,by a buying 11 acres of agricultural land and follow the information in the book from Field to Farm think outside the box. Don't be a slave.

  3. Some very good and imaginative replies, but i am still perplexed as to whether the government  or government departments, social ,tax consider crypto-currency an asset ,I have asked an accountant about this ,his reply was what is Bitcoin .Is it only an asset when it is sold and would you get the same capital gain tax allowance ?

  4. 4 hours ago, Sour Mash said:

    You couldn't buy a second property to dodge having benefits docked but you can certainly buy a primary residence to 'ringfence' your money if you don't already own a house.  Of course, if there's a HPC you could stand to lose a chunk of that should you end up forced to sell during the crash.

    You can also prepare by cutting down on using credit/debit cards and instead withdraw amounts of cash regularly over a period of time, paying for living costs with cash.  Who's to say that you took out an extra few hundred quid more than you needed for cost of living every month and put that towards gold and silver coins, or secondhand high end watches or the like?  (Of course, you would declare anything that you are required to.)

    Another thing you could do if you own a house or are sure you can stay where you are renting (thanks to housing benefit), is to buy and store a lot of long shelf-life food in anticipation of having to live off benefits later on.  That's going to cut your living expenses considerably when you use it.  If you owned a house with a suitable south facing roof area, you could also buy a solar/battery setup and reduce costly energy bills down the line later on when your income is restricted.  Maybe even get a secondhand electric vehicle and you can retain cheap to run personal transport later on (some can also augment battery storage for the house).  Again if you have a house, buying selected secondhand designer furniture to kit out your home is a good way to store some wealth as well as improving your personal comfort.  You can always sell it for cash and go to Ikea (or Gumtree) for replacements if you need funds down the line.


    The key is not to be caught unemployed with a bunch of bank savings/ premium bonds/ equities/ investment funds representing your wealth that you were saving to buy a house when prices normalised .. only to find that an economic crisis comes along and you lose your job.  You will be expected to divest yourself of most of what you have saved, to support yourself before you can access benefits, vs someone who has pissed away everything they had and not bothered to save for a rainy day who gets everything instantly.




  5. 6 hours ago, wotsthat said:

    Sorry to butt into a gold thread chaps :)

    But are any of you into Bitcoin yet?

    I have a rule of thumb  that I like to invest between 5 and 15% in something high risk, more than anything for the fun of doing it to making myself feel alive. But after a good year with bitcoin I have recently upped my stake from 6% to closer to 15% and might even go a little higher, not too much.

    I am not trying sell the idea, just interested, I know bitcoin has been volitile on it's way up.

    I have just sold my small amount of Bitcoin ,the main reason is all the talk wash trading,(large holders selling to each other at a bigger and bigger price) I will invest my profit in sovereigns.

  6. Yep. It's the next bubble. Lots of rich landowners have no intention of ever selling. What does change hands has been inflated a whole lot more than houses by bankers' bonuses. Propped up by public money (agricultural subsidies, etc) and by lots of speculator sentiment.

    Agreed, but even when the bubble does burst, you will still have the land,and any enhanced value you have obtained getting round planning,plus rent from land and single farm payment.Better than fiat money,but i am a peasant at hart.

  7. Been saving for a few years now and have bit saved up. It's time for my annual planning session so was wondering, Where are you guys going to put it this year?

    I have cash and some stocks but wondering what to do with the additional savings this year. All suggestions welcome.

    I thought the interest rate on cash was bad but stocks last year have been even worse and I keep hearing bonds are knackered too.

    If no one has any money just now I must be the richest poor person going.

    Buy good quality agri land,and if you can afford more than 12,5 acres buy the book field to farm.and try to push it as far as poss on the planning front.

  8. A neighbour of mine has just managed to use the latest Permitted Development laws to get an old outbuilding classed as a new dwelling. There was no chance this would have got through under the normal planning process as it is contrary to local policies.

    These rights are summarised well on http://www.farrer.co.uk/News/Briefings/New-Permitted-Development-Rights-for-Agricultural-Buildings/

    Basically, if the building was solely for agricultural use, you can turn it into a dwelling, no planning permission needed. The council can affect appearance but nothing else. One key thing is that you are restricted to the original dimensions. After 10 years, you can use other PD rights to extend or go through the planning process as normal.

    A neighbour of mine has a huge storage building and an acre that he would sell for £200K. If I had the cash, I would be all over this. He doesn't know the rules changes means that plot is now worth £600K+.

    I live in an old smallholding (land sold off years ago) with such a building so I will look at doing this. I was going to use class E, keep it as a garage for a few years then go for change of use. This new law may be better.

    If any of your know of any such opportunities, it is worth investigating.

    I've been surprised by the opportunities offered by PD rights. The government seem to be opening it up all the time, bypassing the normal planning requirements.

    In your opion would a 45 foot shipping container that has been in sited for 7 years (council has accepted it now cannot be moved)be considered to be converted under permitted development ?

  9. I am not a customer of Vodafone......they have no impact on my life whatsoever......my water company does but they hold the monopoly I have no choice in who I buy my water from......they used to be British, they are no longer, I had no choice in that either......they can and do increase rates over and above inflation.....I have to pay or no water for now...........except there is a ground well a few yards away that has not been used for many years, there comes a point when it might be worth opening that up again for the people to use......always an alternative. ;)

    Good luck with that,try to cancel your water and say i no longer want your service ,they just do not listen and still send the bills out.As far as they are concerned you cannot live without mains water,even if you have your own supply.

  10. I am struggling to think how to articulate this, which makes starting a topic a strange idea, but what are other people seeing that we don't?

    What has bought this to prominence in my mind is the recent house sale by a friend of a friend.

    The small terraced house in Mill Road, Cambridge they bought for £130k in the early 2000's has just sold for over £500k with a bidding war and several "name your price" offers.

    Who can think that is a good deal? What are their expectations for their earnings? How can a tiny terraced house with no garden or parking be worth £500k? What are these people thinking?

    Money no long has any value,people with cash want hard assets.

  11. Before I left the UK for Canada I was much worse off than my parents. By 40 they had paid off half a mortgage on 3 bed detached and had gold plated pensions to look forward to on retirement. I rented a two bed flat and had a few grand in savings and some awful defined contribution pensions.

    Since moving to Canada, I now own a 4 bed detached house, with a pool, a basement apartment in a lovely neighbourhood. I will pay the mortgage off by the time I am 52, and with the investments I have been able to make, should retire around 60...all going to plan. On top of that my wife doesn't work.

    Moral of the story...get the hell out of the UK!

    I managed to do the same i moved to Burnley

  12. The mineral rights belong to the crown, The land owners just get the lease money for the pad.


    Given the cost of housing in those areas I'm guessing extracting the reserves won't be economically viable.

    Surely if you "own" the home it's your land especially if it's freehold so the company should be buying the rights from you? Or does this only work if you are landed gentry?

  13. A couple of questions relating to uplift clauses imposed on sales of land that, at present, have no planning permission for residential or other development - included in sale agreements so as to protect the vendors interests and ensure they get a slice of the financial pie if and when said land ever does get approval for development.

    1) Is there any typical rule of thumb formula that is commonly accepted in respect of specifying the percentage of value increase the vendor can claim AND the time duration applicable.

    Consider the following from a plot for sale:

    "should planning consent be granted upon the site, this would trigger a claw back payment to our vendor clients of 50% of the uplift in value, with a time limit of 21 years."

    Presumably the 'value' being that of the land AND new property erected on it?

    Or is it something that, just like deciding on what your car is worth in your own mind regardless of what everyone else may well be selling the same model for elsewhere, is entirely at the whim/greed of the vendor - and thus open to haggling/negotiation between buyer and vendor. For example offering greater than the asking price in return for a reduction of either/both uplift percentage and duration, is not unreasonable?

    2) Presumably a vendor selling land with a conditional clause such as the above attached to it is unlikely to oppose any speculative application for planning permission, as it would not be in their financial interests to do so - but of course they reserve the right to oppose if the development applied for is, in their minds, to garish or unacceptable.

    BUT.....once said period had elapsed and no permission been granted or deliberately not been applied for at all during that time, and the buyer THEN applied for permission from local authority....the vendor could, vindictively, oppose any such development?

    3) Consider a large plot of, say, 2 acres. Obviously a house erected on a 2 acre site would result in a new valuation that would be significantly higher than the same house being erected on a 1/4 acre site in the same area?

    Thus....could the buyer, in an attempt to get one up on the vendor and ensure only having to pay the smallest uplift possible to the vendor, deliberately have the plot 'subdivided' into smaller plots? Then, whilst still being the legal owner of all the individual new plots, build on just one of these smaller plots? The new valuation, as per the terms of the uplift clause, would only apply to that new smaller plot? BUT.....the buyer continues to 'enjoy' the benefits of the use of the remaining adjacent land?

    Never Never buy land with a uplift clause and only ever buy freehold,they are ether selling it or keeping it.Uplifts are pure greed from people needing cash flow and running out of life,do not encourage them.

  14. Hi,

    I'm from Lancaster originally, but wanting to move to elsewhere in Lancashire (though if nowhere's that special, I'll consider otherwise, ha). More interested in something close to a city/big town rather than a small village. Not big on Preston, Blackburn, Blackpool, but I've done a bit of research and found these places. I'd appreciate some opinions on which are ok, which are terrible, and if anywhere else is considerable in Lancashire... want to know what my options are really if any:

    Nelson, Bacup, Leyland, Brierfield, Colne, Chorley, Clitheroe, Clayton Le Moor, Haslingden.

    Look at the Market town of Garstang on the lovely Lancaster canal with the Trough of Bowland on your doorstep, or Lytham St Annes.both gems.l could live happily in both.


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