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Posts posted by deflation
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I heard this mentioned on BBC news, and they stated that it excluded cash buyers. 🤔 BBC often a cheerleader for increases being' good' so it was nice to hear the disclaimer.
So anybody getting a good deal and not in a chain doesn't count? I sold a house in 2008 and waited a good 6 months in rental (like any good HPCer) and bought my house cash. I expect Nationwide think it skews figures downwards but it would also be more accurate.
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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!
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Just as house prices slide again too:
ONS: UK House prices fall 0.2% in January -
Apologies. There's already a thread:
Auntie Advises 20 Year Olds To Flip To Get On The Ladder -
I remember this hapopening in 1987/8 just before MIRAS was withdrawn. and puiblicised again at the peak in 2007.
Peak indicator?
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http://news.sky.com/story/1436932/political-parties-wake-up-to-housing-crisis
My comment, lets see if it is posted:
"Yeah right, if they were that bothered they'd have let prices continue collapsing in 2007 instead we got....Q.E. HTB1, HTB2, (HTB3 as of yest ) , FLS, State backed sub-prime lending, mass immigration, ultra low interest rates, support of foreign buyers/investors unconditional support of the banking system and mass pro house price propaganda.
To try and pretend they will do something about this two months BEFORE an election is a slap in the face for every hard working decent young person or familly in the country.
The bankers have robbed us blind and the government have been loading up the van for them.
I am ashamed to have voted tory at the last election, ashamed."
It's there word for word.
Along with a lot of other similar posts too!
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Don't you just love the usual caveat - "a sharper than expected slowdown..." Jeez.
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That programme doesn't often do fluff. I think it may be live too?? Although with pre-records included.
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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!
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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.
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so £1000 a week based on 9hr a day 7 days a week is about right. I was just looking and a good brickie 600 bricks a day 60 bricks per meter squared. sounds cheap when you think of the value of the house he is building. I would happily pay £200 to have 10 square meters of brick work.
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.
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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.
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Yes, I heard Osborne say this. And I'm sure you're right. I just hope a few of those buyers turn around and tell the estate agent to go and **** themselves, and that they've decided not to bother after all. Slim hope, I guess.
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.
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I was under the impression the new rules came in tomorrow.
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??
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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.
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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!
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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.
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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.
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"Why are more people buying abroad"? Because they've been indoctrinated in the belief that they are nothing unless they are property owners and abroad is all they can afford.
Here, in Southern Spain, property is easily affordable but no one wants to buy because although it is worth half what it was a few years ago, prices are still falling. The apartment we rent for €500 per month, with heated pool and overlooking the marina and beach, was offered to us for €130K three years ago, this year we could buy it for about €90K. six or seven years ago they were changing hands for about €250K, but why would we want to buy when we can rent for not much more than the owner has to pay in community charges?
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:
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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:
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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.
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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
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Right next to the "buy by phone" ex-policewoman's house.
£25k but you aren't allowed to sleep in it.
It's in great nick so it's not as though they stopped maintaining it.
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.'
Nationwide HPI December 2023: 0.0% MoM -1.8% YoY
in House prices and the economy
Posted
And as usual from a mortgage provider, it excludes all cash sales. 🙄