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Everything posted by the_duke_of_hazzard
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Barnard Marcus Auction 25 July
the_duke_of_hazzard replied to Bankside's topic in House prices and the economy
32 Flat 2, 234 Dalston Lane, Hackney, London, E8 1LA London £135,000 This one caught my eye - 90+years lease remaining, and income claimed to be 11,350 (nearly 10%pa). What's up with that one? -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
http://www.rightmove.co.uk/property-for-sale/property-48479493.html Gaywood street is under offer. -
Halifax June 17: MINUS 1%
the_duke_of_hazzard replied to rantnrave's topic in House prices and the economy
Pompous ass. I miss him. 'Crash cruise speed' was Realistbear's coinage if I recall correctly. He was an excitable fellow, wasn't he? -
Canaries in the Coal Mine
the_duke_of_hazzard replied to anonlymouse's topic in House prices and the economy
Almost at much as some of my shares return. And the boiler doesn't break down in my shares or fail to pay up when it promises. -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
It's not even 'nice' brixton. That area is rough as a tub of guts. -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
Agreed, but as a judge I'd expect both parties to behave reasonably and try and accommodate each others' wishes. It's reasonable for a landlord to want access to their property, it's reasonable for this to the tenant to be given 24 hours' notice at minimum. -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
I think I wouldn't regard it as 'interference', and would take a tenant's lack of co-operation without good reason as a mark against them. I am neither judge nor lawyer. -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
I think this drop in rents is the real story in London. I'm seeing rents crater in Dulwich since Brexit, drops of 20-30% by my reckoning. Income from my savings is more than covering rent, but no way can I afford to buy the same places. I make them overpriced by about 30-40% to buy. -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
That's very interesting, thanks. -
I think all councils have areas where they're more willing to impose their will than others, for various reasons. To take a completely different example, the entirely sensible removal of lollipop persons from the school run (there are two of them on traffic-lit crossings, ffs), saving the taxpayer dozens of thousands of pounds was backed out of by the actions of a phalanx of entitled middle-class parents apparently incapable of seeing their own lack of perspective. Meanwhile the library in a slightly poorer area was closed to be sold as a gym.
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For example: 6 apples are like 63p in tesco, bananas 10p. I get them next to work. A jar of good quality pesto is about 2.50. Good for a few meals with some pasta. Porridge is cheap. Yes, they are fine with it, tho they have three meals a day, one of them is a piddly little school one. We make tubs of ice cream with yoghurt, berries and honey. I make seedy bread in the breadmaker for less than quid for a loaf that's about 800g - and fresh. Stuff like that.
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I don't buy this. I've recently cut back on the number of meals I have. Most days I have two, some three. The occasional blowout. I eat a lot of fruit, which is easy (no prep, very cheap, good quality at Tesco). Cooking meals can be done simply and quickly if you buy good quality basics. Pasta and pesto, for example. Sugar-free baked beans and home made bread. The result is actually _less_ spent on better quality stuff, and less time thinking about food. If you're working, then use the money to buy better quality food. Processed crap does not fill you up. And accept the feeling of occasionally being a bit hungry.
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LIBOR - London InterBank Offered Rate
the_duke_of_hazzard replied to maverick73's topic in House prices and the economy
Useful chart: http://www.macrotrends.net/1433/historical-libor-rates-chart -
Is Prime London Crashing? - Merged Threads
the_duke_of_hazzard replied to Damik's topic in House prices and the economy
If you think about it, this is a massive increase in net supply. Masses of flats are coming online as investors flee. Demand is cratering and supply is going up. Those that might have bought in the suburbs a while back will now buy in areas like SW8, leaving a big hole for everyone else.