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CasualBear

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Everything posted by CasualBear

  1. There seems to be a flood of HMOs in Brighton. Keeps on growing. I got bored after copying these, but just put in 5+ beds and you find pages.. http://www.rightmove.co.uk/s6p/35936469 http://www.rightmove.co.uk/s6p/56569379 http://www.rightmove.co.uk/s6p/57564629 http://www.rightmove.co.uk/s6p/56331779 http://www.rightmove.co.uk/s6p/54555272 http://www.rightmove.co.uk/s6p/39487971 http://www.rightmove.co.uk/s6p/53055827 http://www.rightmove.co.uk/s6p/39492606 http://www.rightmove.co.uk/s6p/55980473 Explains what is so toxic about Brighton. For every single room in a family house you have to pay student rent! Hopefully this is the beginning of the end.
  2. Mainly it was just a joke about lll. Fwiw with the anecdotal, chain still broken. I think the point of the anecdotal was that even with slighly below ridiculous valuations I haven't paid anything. Still I won't 'complain' anymore on here. Last post since it has disgusted you all. Apologies for not being true to the faith! Edit spelling
  3. http://www.mouseprice.com/area-guide/house-price-index/bn1 The stats are that bn1 went bonkers from 2013 onwards http://www.mouseprice.com/area-guide/house-price-index/bn1 http://www.home.co.uk/guides/house_prices_report.htm?location=bn1&all=1 I wish it were otherwise.
  4. Forgot to mention the ea claimed that the house had planning permission. They lied that it was permission to put a dormer on the front. I had to look it up, and of course it is only for the permitted dormer on the back. This is just basic errors. Is it really hard to bring a copy of the planning to the viewing?
  5. It's all a bit fishy. The owner is selling 44, owns a plot at 46 (no planning requests open), and has a company registered for 48-50. I therefore wonder if they don't have the finance to carry on the chain anyway. All this made me a bit suspicious. It also had a converted garage that seemed barely legal to me.
  6. I know, im an hpc splitter. I think it is imsane. But you can't really argue where the market actually is. Mortgage would have been 2x salary, but I'm well paid, I think it is priced at 20x local wage. In fact the market is way beyond that as the original buyer was willing to pay 420 ish, but fell through as there London money box had had illegal changes given its listed status. Mostly the houses in the area go to bidding wars between boomers. The only reason this hadn't is its not period.
  7. Got a call from an ea: chain had fallen through and if we could act fast we could replace the buyer. Went to look, reasonably nice house but small. Semi, but owner had removed the side access to try and build on a plot next door. No previous sale price, but (the other semi) next door went for 305000 jan 2013. Coincidentally, that was the lr average price in the postcode where the house is, in that month. Vendor asking 435,000. Offered 380,000, which is the current lr average. Rejected straight away, which is fine, I can wait. Anyway, wife discusses this with her friend who thought my reasoning was very silly. Her response was: 'your supposed to offer 5k less, don't you watch location, location, location?' I despair, this is the research that my generation does, then we're done. Wife considered her advice as from authority, 'she has bought two houses'. Little wonder.
  8. I know everyone here is in full outrage mode, but given this is happening I want to know the best way to take advantage. Like any good hpcer I have around 30% deposit sitting in guns, beans, gold etc. If I could put 5% down and get 20% from the gov and get an offset mortgage, this could work quite nicely with a five year free discount on the mortgage. Unless offset mortgages are exempt?
  9. "And it’s actually really embarrassing having to rent." This is just bs designed to help people justify being in the grip of death to themselves.
  10. The way I see it, unless you are working in some clean room environment, there is almost no reason why you wouldn't have had some exposure to open source. Given this, even the interaction on mailing lists, issue trackers is interesting as in belies the candidates ability to collaborate with people without direction of a manager. In fact, working at a place with a real rockstar & NIH culture I would take any open source involvement as a nice indicator that they can read other peoples code and reuse it, rather than write their own the whole time.
  11. http://www.treehugger.com/modular-design/tata-introduces-flatpack-nano-house-215-square-feet-for-720.html
  12. 'The table is currently set for six but it can seat eight or 10 quite comfortably. We have had some great dinner parties in there with friends from the village.' Etc ad nauseum
  13. Hmmmm try this http://www.rightmove.co.uk/property-for-sale/property-36759862.html/nomsite?premiumA=true
  14. I submit this example of gushing drivel http://m.rightmove.co.uk/quickPage.html?page=8&cc=html5%2Fhomepage.html%3Fgoto%3DHOMEPAGE#description
  15. 331,000 for the over 60s, or 495,000 for the rest of us... Chain Free! PRICE REDUCED FOR THE OVER 60's UNDER A HOME FOR LIFE PLAN subject to property criteria. Call for your personal quote. Sorry we cannot assist those aged under 60. Alternatively this property can be purchased without a Home For Life Plan for the full asking price of £495,000 http://www.rightmove.co.uk/property-for-sale/property-24489696.html/nomsite
  16. MOD EDIT - OFFENSIVE QUOTE REMOVED You know, ad hominems are bad enough, but paired with misogyny.. Stick to the facts, dear boy, not your opinions on queening.
  17. A friend bought 100% IO in N London in 2007. Paid £250,000 and swears he will sell it for £350,000. Told me to 'stop being such a d*ck' when I questioned this (and the fact his family let out places on non BTL mortgages). Current mortgage payments £600 a month. He regularly mocks me for bearish views, and he's right of course if he walks away on a profit having paid almost no money on interest. Also works for a state owned lender. Another bought a place in Clapton for £320,000, just been valued at £400,000 by an agent. Trying to size up but I tried to explain that he would be better off if prices were flat, but wasn't having any of it. Apparently, Clapton is sought after by city workers. I asked how many people on £100,000 a year would want to live in a flat near murder mile, but again this wasn't really going anywhere. I'm not buying, though!
  18. I used to a 4 bed rent in E9 for 1650 PCM. They are now asking £3000 per week. Thank goodness for the Olympic legacy!
  19. I just spoke to my Landlord and they said they would be willing to agree three year terms with fixed rises. The question is: how do you agree the rate for the rises? Also, the break terms are yearly and I would be liable for any rent up until the break or the house is let: is that reasonable?
  20. BTL was a good investment, currently being subsidised massively by low IRS and HB tenants. For example, that report showing the number of tenancies in arrears up by a quarter but BTL mortgages in arrears are down. i.e. they don't really even need to make rent. Govt support for new build is preserving the asset prices as well. So they are not exactly wrong, are they! Plus, as people I know have done. If you start to lose money, you sue the bank for lending to you.
  21. I've been seriously thinking about incorporation over marriage. The tax benefits are way better.
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