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House Price Crash Forum

Dr Elk

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Posts posted by Dr Elk

  1. I have now paid in a cheque from the High Court Enforcement Officers closing my claim :) In the end we settled for approximately half the total award because the landlord was going bankrupt as a result of his accumulated debts. Quite how someone with several BTL flats gets into so much debt is of course a different question.

    Anyway, it feels good to get it over and done with :)

    Great news Chris, well done.

  2. Hey all, I'm new here, but I came across some interesting data when building a widget for Gartoo called How Tipsy is Your Town, which suggested that on a national level areas with a large number of pubs tend to have lower house prices due to the general increase in crime rate. However, I was thinking that in some respects pubs should increase the value of houses as they retain British Culture, add community spirit, and provide recreational activity. What do people here think?

    I guess it depends if its a nice place serving proper well kept beer with a friendly atmosphere, or a grotty chav infested chain pub with no soul and plenty of vomit.

  3. On my morning able to the train station this morning, I saw a groty clapped out double decker bus causing no end of problems down some crowded backstreets. Blue as a baboon's **** it was, with no passengers at all. Very odd, I thought. It turned a corner and low and behold it was an advertising bus for my tayor and wimpey dream home. A rather noisy, diesel spewing, filth encrusted advert mind. They look quite desperate.

  4. Pro: Negotiation could be quicker

    Con: Some people might feel uncomfortable dealing directly

    Either way the EA get's his commission.

    The scenario I'm imaging is one where you seem a place through rightmove, so the agent would get a cut whatever. I would have thought people would be more comfortable with dealing direct, than a slimy high pressure salesman. Although there is something to be said for making the negotiations detached via a 3rd party.

  5. they cant demand a "paid for" service...they can demand a like for like cleanliness on leaving...

    All they are doing is **** covering...look landlord we got them to clean it..here is the receipt.

    In my view, if its clean, its clean...the payment is my affair. the result is the passing inventory.

    What constitutes professional cleaning anyway? If you paid a mate £1 to run round the place with a feather duster, does that count? Cleaned (albeit badly), professional in the strictest sense of the word. I think come the revolution, letting agents will be 5th against the wall.

  6. Hi,

    I am looking at this 3 bedroom property in Birmingham

    228 Cotterills Lane,Ward End,BIRMINGHAM

    I am a first time cash buyer and would like your advice on how to proceed and how much should i offer?

    Thanks

    look at the land registry to see what they sell for, factor in how much they've fallen since the last sale, then knock 10% of that figure so they can feel they've argued you up. If you're not embarrassed by your first offer, it was too high.

  7. You are in effect saying that people want houses too much, as someone pointed out above the price of goods is determined by how much people want them.

    How would you make people want houses less? A significant property tax I suppose would do it but are there other ways?

    Lots of people want ferrari's but that doesn't push the price up. Economic demand means someone being willing and able to pay for a good or service. It's easy credit that has increased the economic demand for houses and pushed up the price.

  8. I'm currently a postdoc at a russel group uni in the north of england, and to be honest I think my pay is pretty good considering its a job I actually enjoy doing. The real kicker is the complete lack of job security. I don't want to move round the country (or even the globe) every 3 years, I would like to settle down in one place, put down roots and raise a family.

  9. If an agent was to ask to see proof of funds from me, (say a bank statement) my main worry is that they might see I have additional money in the account.

    What is to stop them coming back after a fake conversation with the seller, to then say to me "well the seller wants another 20K, they just won't budge", (with the subtext being that they know I can "afford" it?)

    This is the main reason I woulnd't do it, say that proof of funds will only be given after an offer has been accepted.

  10. Thanks for the info. If I get an agreement in principal will that effect my credit score?

    A formal application defiantly does, I don't think an agreement in principle will but its best to confirm these things with the people you're applying for the mortgage with. I don't think AIP are important, as long as your realisitic about how much you can borrow, as it will still come down to what the surveyor says.

  11. Maybe a stupid question but it's been a while since I bought a house. The missus and I are looking to buy this autumn or next year when we have a 25% deposit saved. We have seen an ideal property in a good location, which is 15% over our max. The wife wants to view it, I'm not so fussed as I'm confident other properties will come down to our level in the coming months. If we did contact the agent for a viewing do we need to show any evidence of our position to buy? We are interested in the house but not to buy now.

    You don't even need to show anything when you make an offer.

  12. Maybe a stupid question but it's been a while since I bought a house. The missus and I are looking to buy this autumn or next year when we have a 25% deposit saved. We have seen an ideal property in a good location, which is 15% over our max. The wife wants to view it, I'm not so fussed as I'm confident other properties will come down to our level in the coming months. If we did contact the agent for a viewing do we need to show any evidence of our position to buy? We are interested in the house but not to buy now.

    Short answer, no.

    long answer, nooooooooooooooooooooooo.

  13. I'm a FTB with 40% deposit.

    I'll think i'll have a chat with an IFA as the market has changed alot in the last week but was wondering if anyone knew if any good rates.

    I've been looking into this too, its still First direct and HSBC (for good LTV). I think the First direct one is slightly better in terms of letting you do unlimited overpayments, whereas the HSBC one is only 20% overpayments.

  14. The bad alcohols are usually from the first cuts, wood distiller etc etc and are actually fairly harmless on their own it is in fact our STUPID STUPID liver that converts this stuff into nasties like formaldehyde and other acids. This is why the Russians can get punch drunk on the stuff and not get blinded as they drink copious amounts of proper vodka with it and the liver processes this while all the bad stuff just goes straight through the body. The british drinking habits are different and I do recall a case where a northern towns residents poisoned themselves on cheap bootleg flavoured to taste ok for £2, if you do drink this methyl alcohol mix it with the good stuff and you'll be fine.

    For God's sake don't try it, but I'm pretty sure the antidote for methanol poisoning is indeed ethanol. Its preferentially processed in the livers metabolic pathways, so all the nasty products of methanol processing don't get made in the first place.

  15. Until the states succeed again. :lol:

    From what I've read, the states actually voted to create a Federal government; it didn't exist originally.

    Be careful what you vote for!

    The origional 13 colonies created the federal government after an earlier confederation didn't have enough central power to do anything, the current US constitution replaced the earlier articles of confederation. During the 1812-1814 war several of the coastal states who's trade was being decimated by the british navel blockade raised the issue of leaving the union, and it was mainly the southern states who told them no they can't. Certainly backfired for them a generation later.

  16. In the USA, is it the case that ultimate theoretical sovereignty resides with the authorities of each individual state. So whereas in UK, the land is ultimately owned by the Crown, in US the land is ultimately owned by the state in which it's located - apart from Washington DC, which is US Federal territory. Correct me if I'm wrong!

    Events 1861-1865 established that the federal government has sole sovereignty.

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