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Tim Miller

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About Tim Miller

  • Rank
    HPC Regular

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  • Location
    Caribbean
  • About Me
    Retired from own property investment company, mainly commercial property. Still watch the market, think prices are just so over the top. I had hoped there would be a crash, well there is now and in my opinion a big one. I always thought BTL mortgages were a bad thing for the UK market.
  1. Tim Miller

    We Really Like The House....

    I have to agree with renting for now and possibly notselling in the UK. I am also looking to live in the Canneries after looking atmain land Spain. Maybe you already know all the islands and which one you likebest, I don't. What I have learnt is that there are so many Brits returning forvarious reasons who all wishing they had not sold up in the UK. Many say itwould have been wiser to rent in Spain and not buy, I have been told so manytimes that the sound people have gone back to Blighty leaving a lot of thedross living there. I would not rush in to buying in Spain, and prices willkeep falling for years to come. There may well be financial changes there whichI doubt will be good for you, Spain is in deep dodo and the squeeze will onlyget worse and worse. I wish UK prices would crash, however I think they willdecline at maybe 5% a year for a few years, there is simply a shortage of housingin the south and probably the south west. The simple fact is that you can getquite high rents for a property in the UK. If you have towork then I should think getting work in the Canneries is not going to be easy,that's if you need to work of course. I am also told that the authorities inSpain are insisting you can show you are in good health and you can look afteryourself. There is pressure to make you pay for medical treatments even thoughthis is illegal within the EU. I totally understand anyone leaving the UK, notleast because of the weather, but having lived abroad from 2004 until last yearit’s not easy to find nirvana, do rent first to check everything out first.
  2. Tim Miller

    We Really Like The House....

    I have to agree with renting for now and possibly notselling in the UK. I am also looking to live in the Canneries after looking atmain land Spain. Maybe you already know all the islands and which one you likebest, I don't. What I have learnt is that there are so many Brits returning forvarious reasons who all wishing they had not sold up in the UK. Many say itwould have been wiser to rent in Spain and not buy, I have been told so manytimes that the sound people have gone back to Blighty leaving a lot of thedross living there. I would not rush in to buying in Spain, and prices willkeep falling for years to come. There may well be financial changes there whichI doubt will be good for you, Spain is in deep dodo and the squeeze will onlyget worse and worse. I wish UK prices would crash, however I think they willdecline at maybe 5% a year for a few years, there is simply a shortage of housingin the south and probably the south west. The simple fact is that you can getquite high rents for a property in the UK. If you have towork then I should think getting work in the Canneries is not going to be easy,that's if you need to work of course. I am also told that the authorities inSpain are insisting you can show you are in good health and you can look afteryourself. There is pressure to make you pay for medical treatments even thoughthis is illegal within the EU. I totally understand anyone leaving the UK, notleast because of the weather, but having lived abroad from 2004 until last yearit’s not easy to find nirvana, do rent first to check everything out first.
  3. Indeed, very close friends of mine have put there 5 bed semi in South Croydon property up for sale for 500k, the highest valuation was 625k by the way. They ignored the highest valuation as you can buy a detached for that and have change! After 2 months with no offers they reduced it to 460k - 500k although on RM it says 460k in the heading. Still no takers after two viewings. They started telling me back in July that "properties always sell in their road...bla...bla...bla....you can't buy...bla...bla...bla. Interestingly the next door (adjoining) neighbour has not extended their 3 bed semi. It was up for 385k, went under offer for 375k within 2 weeks and the deal just blew out as the valuation came in at 350k. On the other side, another friend of mine a single lady is about to exchange on a very nice detached house in Eastbourne for 575k, the asking price was 575k and that was her first offer. She told me the agents said...bla....bla bla.....I despair!
  4. + 1.... I agree totally with General Melchett ........but I would add prices will only go down from now, so do not be afraid to keep saving a deposit and buy cheaper in a year or two.
  5. Tim Miller

    The Media Are Lying To Us

    I follow the classic car market and I can tell you only the cream, the very best of RARE and original cars are going up, the rest are not. I particularly look at Jaguars and especially e-types and dealers thought they would cash in on the 50th anniversary, most have been badly caught out I am delighted to say. Guide prices are down for virtually all e-types and even rare cars ( 1961 out side bonnet latches) failed to sell at auction. You can ask what you like, but buyers are scarce and becoming scarcer. For what it is worth I just came back from Spain, house sales in the 1st quarter of 2011 are down 30% against 2010 levels with the 2nd quarter down 40%. In my opinion we are heading for part two of a crash.
  6. My understanding is they don't deal with the roots system thus it keeps growing back.
  7. Tim Miller

    Narrowboat Living?

    If you buy a boat you might regret it, if you don't buy a boat you will probably always regret it. Having had a steel boat, don't buy a rust bucket and remember it's the inside rust that matters, not the outside rust. .
  8. Tim Miller

    Narrowboat Living?

    I was planning in mooring up the boat for the two coldest months of the year and travel to warmer climates. I am interested in talking to your mate, there might be a deal to be had for both of us. Could you arrange this?
  9. Tim Miller

    Narrowboat Living?

    I am thinking of doing exactly the same, but I am looking at spending time here and in France over the next few years. I am lucky, I have retired so I won't be wanting to stay in one place. I would strongly advise you to join http://www.canalworld.net/ and use there forum. A wide beam narrow boat is I feel better than just a narrow boat, however you must check that you can pass through all the locks etc. There are plenty of boats for sale on http://narrowboats.apolloduck.co.uk/ with wide beams on http://narrowboats.apolloduck.co.uk/listings.phtml?cid=72 . I lived on a steel sailing boat for 7 years, steel boats rust on the inside mainly; and that's hard to treat without ripping the insides apart. Living costs are covered on http://www.canaljunction.com/boat/liveaboard3.htm which is also a very good site. You only get one lif, go for it.
  10. Tim Miller

    Caption Comp

    "We had all the numbers including the bonus ball Mable,........ we spent the lot on our very first home!"
  11. Tim Miller

    U.s. Housing?

    I think you will find the pharmaceutical companies have the USA by the balls and are very happy with the situation as is. According to the film Sicko, they spend $300,000,000 every year on lobbing congress to keep it where it is today. Obama failed so far in making the changes he promised, I guarantee you he won't get anywhere in his promises to re-jig the system. It's criminal what goes on, but too much money is made running it how it is now.
  12. Tim Miller

    U.s. Housing?

    Very well written especially about stepping out of line!
  13. Tim Miller

    U.s. Housing?

    I have given correct and genuine actual examples more as warning on what to look out for, not to put you off. Yes I found the medical side of America it's worst fault. Maybe it affects me more as I do not have good health, but we are all getting older and you may settle there. It's always best to rent before you buy if you go. There is of course those benefits of very cheap housing, potential bigger pay packets and lower outgoings and as I said, the weather! They speak English (in the main) which is also a bonus and when you arrive with a work permit you are accepted as one of them unlike so many countries. Do not treat too lightly the unemployment situation, it's pretty grim out there and in my opinion getting worse, but then again it's not exactly great here! I will reiterate, if I were young I would not live in the UK, not now, we lost what was great about being British. I spent the last 7 years abroad mostly in the Caribbean wearing shorts and t-shirts.......I loved it.
  14. Tim Miller

    U.s. Housing?

    When looking at insurance costs you must look at the deductibles (how much you pay per claim). I know one family who said the insurance cost for the whole family was only $8,000 per annum, however he had to pay the first $20,000 of each and every claim! Basically, the lower the premium, the higher the deductible. You may easily find you pay a high deductible to see your GP. When you look into the fine print of health insurance there are loads of shocks.
  15. Tim Miller

    U.s. Housing?

    Arnold Schwarzenegger broke a leg skiing in 2007, his bill was over $50,000 and that was not even everything! I am sure you can google that. My brother lives in Chicago, he trained as a doctor and he tells me the medical costs! Just 3 days in intensive care is $15,000. The problem with insurance for health care is the companies are there to make a profit, they do not like paying claims and will drop you given any reason. If your obese; you might even get insurance, that is what happened to my brothers partner. They obviously will not want to insure pre-existing conditions. My brothers former partners father had a stroke, he was covered by insurance for precisely a year, then the insurance finished and he lost his house! He needed to be in a care home. If you have seen Michael Moore Sicko http://en.wikipedia.org/wiki/Sicko in that film a spray for asthma cost $200 and in Cuba 5 cents, I guess you can buy it anywhere else for $10 or so. I use a GTN spray, when I was in the Caribbean it costs $8.75 in the BVI's and in the next island in the USVI's it cost $187.50 I kid you not. In a US hospital you get charged for everything, a box of tissues will not be cheap, my friend who was knocked of his bike showed me his hospital bill, he got charged $175 for a Dr popping his head around the door and asking "How are you today" listening to "OK" and then replying "Good"! I think and I am not 100% sure of this an ambulance ride is at least $1,500. As for the UK health system, well I have had both heart attacks and two strokes, I can tell you I have no complaints at all. I had a triple by-pass within 4 days of needing one. I fully accept if you have cancer there are many examples where delays are utterly unacceptable, having said that you can have insurance here. For what it's worth we have a system worth defending here. Chicago is a wonderful place but check out winter temperatures, it can go below -20 when tyres can come of their rims and it's not called the windy city for nothing. I lived abroad for 7 years and will live abroad again because it's too cold here for me with my failing heart, as I stated before I encourage the young to investigate living abroad, the UK quite frankly has many issues that have ruined this country, add the @rap weather and it's not the best place to live anymore. America is not on the top of my list to live in, but that's just my opinion and I have lived there, we all look for different things. I do not mean to be negative about America, I simply wish to make a few important points known. The states is certainly cheaper for many items including food, eating out etc. The top city to live in as voted year after year is Vancouver! I just love Canada.
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