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Everything posted by deflation

  1. BBC even mentioned it on Today who are covering the chronic underbuilding of new homes. In other news, 28% of property transactions in 2016 were by Asian investors! http://www.bbc.co.uk/news/business-39732816
  2. Just as house prices slide again too: ONS: UK House prices fall 0.2% in Januaryhttp://www.bbc.co.uk/news/business-32032561
  3. Apologies. There's already a thread: Auntie Advises 20 Year Olds To Flip To Get On The Ladder
  4. I remember this hapopening in 1987/8 just before MIRAS was withdrawn. and puiblicised again at the peak in 2007. Peak indicator? http://www.bbc.co.uk/news/uk-32029804
  5. It's there word for word. Along with a lot of other similar posts too!
  6. Don't you just love the usual caveat - "a sharper than expected slowdown..." Jeez.
  7. That programme doesn't often do fluff. I think it may be live too?? Although with pre-records included.
  8. You maybe haven't seen a truly small house. I reckon all those bedrooms are bigger than average for a new build. You can barely get a double bed and a chest of drawers in them round here. Having a bedroom and living room on the same floor (2nd floor) would put me off. Looks like it overlooks Wellington rugby ground though!
  9. Almost like they took advantage of everyone looking at the news from France. Cynical, me? I've got some of my fund in a 123 account there so I'll pay a bit more attention to this.
  10. Those jobs are all 5 days per week. Still talking £800 p.w. gross! If those builders in London are self employed (if they really exist), they can of course work what hours they want (no working time directive for SE I think) but they're not supposed to be paid by the hour. There was a lot of abuse of the National Insurance / tax rules in the building industry. Registering as SE and then turning up to work on the same site for years with the same firm. A lot of it has been stopped but I bet there's still lots of cash-in-hand bricklaying going on.
  11. I've a car and a motobike in the way that I don't want to shift at 8:00 in the morning just to get my wheelie bin out. So it stays at the front. We've had them about a year round hear and they beat the hell out of the mess caused by foxes and cats ripping open bin liners. Still on weekly collection too.... at the moment.
  12. I was thinking more about the shyster solicitors who will tell the buyers that stamp duty is X under the old rules ('cos you've exchanged innit) , pay the government Y and pocket the difference. Most mortgage fraud required complicit solicitors and I trust them even less than EAs or used car salesmen.
  13. I heard mention on the news that where sales are still 'under process' (I took it to mean contracts have been exchanged) can complete under either rules. Is it cynical of me to think there well be a few nervous buyers eager to complete that may be taken advantage of??
  14. I actually think this is about time. I reckon it will reduce amount that sell for exactly £125k or £250k and the fraudulent 'fixtures and fittings for £5k' guff. Buying a house for £128k (which one sold for near me last year!) will now cost £60 in stamp duty instead of £1280. At the lower end, it will help but I doubt the overall effect will be huge. As said before, outbidding each other by thousands to 'save' few hundred is pointless.
  15. Brewery share slumping this morning. Quelle Surprise. One of my local pubs is Enterprise Inn owned. Excellent real ale but the leaseholder has to buy it through the owners so he is one of the priciest pubs around. It will help him a lot and will actually encourage competition, but some people don't like that!
  16. I've used Aldi and Lidl for years so felt a bit miffed at their quick rise. Almost like everybody else had discovered my favourite Indy band. Recently though, Lidl have set aside a lot of their freezer space for their 'connossieur' i.e. pricey, range of foods. A mistake IMHO. Both Lidl and Aldi have large non-food ranges like wellies, doormats, power tools and so on which dominate the retail space in the shops near me. Now ful of cheap European booze for Christmas that will go well. As above, some meat products are lacking. The Aldi frozen chicken breasts are truly shocking. Lidl often had discounts on their fresh meat at weekends which I indulge in.
  17. 2.3% bond at the Yorkshire BS http://www.ybs.co.uk/savings/online/fr-ebond-31102017.html Fixing for 3 years seems a bit too far to me though.
  18. Just had a week in Spain, the Alicante region. Despite the fact that there are hundreds if not thousands of empty apartments for sale starting at €40k - €50k, they are building new ones across the road from urbanizations and people are buying them, at €80k plus. Apart from the change in style from trad. Spanish / Moorish to more austere cubist / Scandinavian with straight lines, I don't get it. It can't be just 'coz they're better built; can it? From the local press:
  19. http://www.housepricecrash.co.uk/forum/index.php?/topic/201278-l30m-mortgage-fraud-conviction-14-years/
  20. Not seend this posted anywhere yet, someone actually getting a hefty sentence. Bank employees involved too. "A former Virgin Atlantic pilot has been jailed for 14 years for committing a £30m mortgage fraud in Berkshire. Mark Entwistle, 47, of Kensington, west London, recruited corrupt solicitors and accountants to approve his loan applications while he pretended to be a property developer based in Windsor." Full article here: http://www.bbc.co.uk/news/uk-england-berkshire-29605167
  21. It amuses me the way warm / cold / unseasonal weather is blamed by companies for profit falls. Ice cream, maybe, and other consumables but clothes? The idea that that hundreds of thousands of people trot off to buy a new coat every year when the first autumn leaves hit the ground is ludicrous.
  22. I too came here to maybe start a thread on this but beaten to it. As soon as I read it on the BBC, I smelt the vapour of 'IO.' http://www.bbc.co.uk/news/uk-england-nottinghamshire-28459746
  23. If you buy it, why can't you sleep in it? Is it the H & S busybodies stopping you? If it stays in one piece for 2 years, you're probably quits on renting round there. May even get the council tax waived on grounds of unreasonable 'distress.'
  24. Released at 9:30: "UK retail sales rose 2.1% in May from the month before, official figures show, beating expectations." (Expected to be 0.8%) http://www.bbc.co.uk/news/business-22982319 "UK mortgage lending surged to its highest monthly level since October 2008 in May, with activity even surprising lenders." http://www.bbc.co.uk/news/business-22984982 Yet, the FTSE drops even more. now down 2.1%. Oil down. £ up v the €. I don't get it. Something else amiss.
  25. Since the neighbour's house looks tatty in comparison, I doubt it's 'worth' anywhere near what she thinks. And who in their right mind admits in the national press how much you want to annoy your neighbour? Crackers.
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