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badsector

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Everything posted by badsector

  1. I can't directly comment on this thread, but YouTuber (and Apple repair business owner and Right To Repair advocate) Louis Rossmann has done a number of videos showing multiple empty shop units in various parts of New York. Cost per square foot is stupidly expensive. He did a back of the fag packet calculation that a small (still open) tourist trinkett shop in NY (which he walked through while videoing) would likely be paying $55,000 per month in rent. How on earth do they sell enough, especially now with much reduced footfall, to afford this? He explained that 30% of the $70 billion budget of New York City comes from property taxes. The income is officially predicted to go up over the next few years. NY can't afford to lose this income. So NY can't afford for buildings, i.e. empty buildings to have their value reduced, otherwise they lost tax income. So rental costs are unlikely to come down, even with all the empty units. He moved his business in NY back in 2020 and did a number of videos on the cost of rental units and the real estate market. These videos were very popular. Turns out it is very common to market retail units with inflated square foot figures. When he used an electronic measuring hand held unit, some units were actually only 50%(ish) of the quoted area. Even big companies have abandoned units in New York. Of course the pandemic is partly to blame, but apparently the rot had set in well before 2020.
  2. As a football fan, who is very pleased to finally see England play competitive matches, I consider football a special case. As long as the VIPs stay in their bubble so can only infect each other and no-one in the general population, I have no problem. They are only going to be in the country for a very short time, as others have explained. Given the mental misery over the past 12 plus months, having something to look forward to is probably a really positive thing for many of the population as a whole. If England do well it could actually improve the mental health of the nation, and help bring us more together. BTW have you noticed how everytime someone want to justify something, they trot out the "mental health" card. 🙂 Not saying mental health is a real issue which we have been ignorant to for some time, but there are genuine cases where people suffer from mental health issues, which should not be confused with the chavs who say "I want a foreign holiday for me and my family because of olur mental health".
  3. I also used to live in Bristol, Clifton to be exact, and I do miss the place, and the buzz around Whitelasies Road, and the Downs...however the last time I was there I noted that the 20mph zone had expanded like a cancer virtually to the edge of the city.
  4. My god! Half a million for that piece of garbage. Are some buyers mad???
  5. My daily commute takes me through Rampton. It seems a nice enough village. There is a pub and a garage, but no shops that I am aware of. When I first relocated to the area there was an interesting property here on Rightmove, but it was too soon for me. It was on for a quite a while until after summer when quite a number of properties on RM which I was interested in seemed to sell at once. It is about a 20 minute drive to the Science Park. So a reasonable choice of location if you don't have half a mil to buy in Cambridge itself . Over the past few months there has been a new build being built. It is finally completed. It seems reasonable large, possibly has a garage (I can't tell from the road) and a rear and side garden. It looks quite smart and the style is in keeping with the area. So I was nosey to find out how much it was on the market for. £425K and only 3 bedrooms, WTF!!! http://www.rightmove.co.uk/new-homes-for-sale/property-50480425.html The garden looks really large in the photos, but it is quite small. I see that it does have a garage.
  6. I use Bar Hill Tesco for my weekly shop and petrol fill up. During the time I have been looking at Rightmove (past 3 months) I have seen very few properties appear in Bar Hill.
  7. I'm both worried and annoyed that the politicos just talk about numbers. No mention of quality. No mention of density. Having seen a number of recent developments both in person and on RightMove, I am disgusted at just how squeezed together the houses are. Consequently the gardens are mis-shapen and horribly overlooked, some gardens just being corridors between the brick walls of the left and right hand side garages. Nevertheless the politicos and builders will point to the fact that joe public is snapping up these "qwality" homes.
  8. I am aware of the guided bus - a nice idea. I have visited the web site and I am left competely puzzled as to how much it costs. There are 3 different services to confuse matters. I think I saw a price of £6.20 but even then it wasn't clear if that was a single or return. If so it seems expensive and is still cheaper to drive. I now know where the Swavesey guided bus stop is, and it looks a fair walk from where I am staying. I t might have been doable in the summer but now that the weather has turned I'll be sticking to the car. Nevertheless it is one my list of thing to do when I have a free weekend. At the moment I'm still sorting things out having relocated. I recently heard about the new "new town" development on the golf course at Longstanton - Northstowe. I fully expect this development to be even more densly packed than many of the developments I have seen recently on RightMove. I saw some houses for sale in Cambourne and it looked like there was only enough room to drive a single car between both rows of "houses". I can't figure out why if councils want massively dense housing they don't get builders to build new high rise blocks of flats.
  9. I have moved away from Bristol but on a recent visit I drove down the link road between the A38 and the Mall. I was disgusted at just how messy and crammed in all the new builds are. I did look at some of these houses last year and inside they are OK, but the developers have crammed them together so close that many have tiny gardens and are badly overlooked. Some of the more recently built houses are lined up so close together that they might as well be built as terrace houses. The roads are not very wide, so not great when vans or visitors park. Then again the garages are not big enough to fit modern cars and driveways are limited. There are no grass verges or front gardens. As I have posted before this estate makes Coronation Street seem spacious in comparison. When I last checked you can't even get VirginMedia broadband, but some other broadband outfit I have never heard of. I googled this company and the reviews were not favourable.
  10. Sorry - wrong topic. Now moved to "Cambridge". How do I delete?
  11. I have recently relocated from Bristol to Cambridge (now working at the Science Park). I am renting in Swavesey. During Jul/Aug the commute along the A14 was OK, but come Sep It became just a big traffic jam where the A14/M11 splits. I tried the commute going through the village route, but this was very variable with a bad queue back through Histon one morning. I am wanting to buy to the NW, outside of Cambridge (as prices in Cambridge are even more silly than Bristol!). Unfortunately this probably means living with the A14 until the road works complete (next year???). The NW location is important as I need to get up north via the A1. For the past 2 months I have spent every lunchtime on Rightmove. I had my eye on a few properties which stuck around for a while, but then the nicer ones started going SSTC a few weeks ago. Certainly if you are OK with a commute of 30 minutes (without traffic) then even to the NW you are getting better value for your money than an equivalent property on the outskirts of Bristol. One nice thing of this area is that quite a few villages have VirginMedia (for high speed broadband) which includes Swavesey. I have seen Cambourne properties on RM, but I have not yet had time to visit. Strangely only the central part is wired up for VM.
  12. I have recently relocated from Bristol to Cambridge (now working at the Science Park). I am renting in Swavesey. During Jul/Aug the commute along the A14 was OK, but come Sep It became just a big traffic jam where the A14/M11 splits. I tried the commute going through the village route, but this was very variable with a bad queue back through Histon one morning. I am wanting to buy to the NW, outside of Cambridge (as prices in Cambridge are even more silly than Bristol!). Unfortunately this probably means living with the A14 until the road works complete (next year???). The NW location is important as I need to get up north via the A1. For the past 2 months I have spent every lunchtime on Rightmove. I had my eye on a few properties which stuck around for a while, but then the nicer ones started going SSTC a few weeks ago. Certainly if you are OK with a commute of 30 minutes (without traffic) then even to the NW you are getting better value for your money than an equivalent property on the outskirts of Bristol. One nice thing of this area is that quite a few villages have VirginMedia (for high speed broadband) which includes Swavesey. I have seen Cambourne properties on RM, but I have not yet had time to visit. Strangely only the central part is wired up for VM.
  13. I subscribe to a daily Rightmove email summary of new properties which come onto the market in Bristol in the price range £250 to £500k. Between 5 and 15 normally appear each day. I am shocked at several things. Three bedroom houses appearing in the 400-500k range. Four bedroom houses for nearly £500k with outdated pink bathrooms, a dreadful kitchen, and dubious decoration. I can't believe that anyone is prepared to pay the asking prices for what in my opinion are pretty s****y houses. Then there are the new builds at Filton. The properties seem nice inside, but forget about front gardens - they are a thing of the past. Back gardens are tiny and horribly overlooked. Garages are laughable as they are too small to take a reasonably sized car. The roads are very narrow so you wouldn't really want to park there. That leaves only one space in the drive (as the garage is probably unusable). Ironically it makes Coronation Street seem luxurious with the houses further apart front to front across the road than the new builds. Forget about a grass verge as they too are a thing of the past. Even the back yards in Coronation Street (with outside kazi) are bigger than you get in one of these new builds. And a bargain at £300-400k. And they are being snapped up (if we are to believe the sales staff as they point to all the stickers on their site map). I use the Filton link road to get from the Mall to the A38. One of the new builds is side on and again I am just shocked at how thin (back to front) the houses are. Now that this link road has got really busy, is living right next to it a good idea? And of course the headline price is the 20% "discount" price thanks to the Governments "Right to get into debt / help the bankers" scheme. No sign of HPC in the Bristol area.
  14. Well it possibly depends where you live... I live in Bristol and my bathroom (similar size) cost £4400 all-in (the DAB radio mirror was £400 of the total). Installation cost £2500 which included removal of old suite and tiles. I bought the new floor and wall tiles in a bank holiday sale for £330. All walls were fully tiled. Removal of the old suite and tiling took the first week. The installer sourced the suite, shower and taps, but his communication by email was excellent. FWIW the installer was assisted by a Polish chap. Afterwards the flat was covered in dust, presumably from the tile cutting - not a big deal. I had previously got a quote from a nearby high street shop, but was shocked at the £5000 installation cost. I also got a quote from B&Q, which was better than that, but still prompted me to phone around. I was happy with the quality of the work and the cost. Perhaps I just got lucky in my choice of installer. Interestingly I was asked by a neighbour to see the finished bathroom and I think that fairly recently he must have done their bathroom too, as I saw his van parked outside for a couple of weeks.
  15. I could be going crazy but... while browsing properties in BS32 and adjoining areas, I'm sure that I've seen a few properties which have been on the market for a couple of months or so, have the asking price raised by 5 or £10k. So at least the sellers are confident of the spring bounce I'm also still surprised at the properties which are SSTC, especially some in the >£400k price bracket. Just north-east of the M4/M5 interchange is some new "village". One SSTC property is £450k, the garden is tiny, and only a disapponingly single garage. Perhaps I have unusually high expectations as to what you get for £450k! OTOH it was nice inside, and appeared spacious.
  16. I've been checking Rightmove quite often recently in the BS32 area (and nearby). I usually have a look in the range £500k to £250k. You only seem to get something which I think is reasonable as you get to the upper limit. I've also been looking at newbuilds, but the gardens are microscopic, resulting in very overlooked gardens. Judging by the birds eye view on Google maps, plots sizes have been miniscule for the past 10 years or more. I've noticed quite a few houses, especially in the £400k+ price bracket appear to be going SSTC quite quickly. I admit that some properties look great, others OK, and yet more I can't understand why anyone would want to buy unless they were £100k cheaper. In the offices of the new builds (Charlton Hayes & Cheswick Village) the maps of plots are full of sold stickers. No wonder that the sales people laugh at you when you ask if there is any movement on the price. So still no sniff of HPC in Bristol.
  17. Amazed. He also admitted that the government were fiddling the interest rate (keeping it artificially low) to avoid foreclosures, in order to avoid losing votes. Great government - always putting the best interests of the country first
  18. Well this only appears to help the banks and builders. I really can't understand it. It isn't going to help home buyers. In my area this will no doubt push up the cost of new builds by 20% which will mean that you need to take the 20% loan to even afford what you previously could. Madness.
  19. Harsh. Have you seen the prices on RightMove? It's not Sadly Broke any more. It's also not my personal taste for an area to live, but I for one am getting fed up of the commute from the centre. Every year there are more traffic lights to wait at - usually added for new developments. The latest are for the Mall link road on the A38. We should blame the planners on the counceil. They allow this **** to be built.
  20. What about management fees? Do they apply to this development? If so you could end up with ******* deciding how much they want you to pay regardless of how good a job they do. No guarantee on future fee rises either. Needs to be factored in if it applies. I have visitied new build sites in Bristol. The properties and garden (what there is of it) is freehold, but you still get stung paying to a management company for upkeep of the streets (naively I thought that this was what the council tax was for!). Apologies for the spelling (can't find the spell checker).
  21. I saw this property when it was on Rightmove. Can't recall the asking price. I too am puzzled why it hasn't sold. The back garden is a bit naff, but at least there is some outside space, and easy access to it (it backs onto a road, so in theory you could build a garage [subject to planning permission] ). AFAIK its a very good area, unless this particular road plummets in value as you cross Kellerway Avenue? The garage could be pulled down, and then there is plenty of room to extend the property or build a better garage. Or as usual the plot could be sold off for someone to build a new home on.
  22. I took another look at this 4 bedroom property, built on someones (ex)garden, 3 feet from the ajoining property, with an access road at the the side, a not so pleasant view/property at the rear, and built over a railway tunnel. Still no idea why no stampede of buyers It apears that the 4th bedroom can also be used as the dining room, or vice-versa. So is this a 3 or 4 bed property? I have seen this in other older properties where the "4th bedroom" on the ground floor was likely originally the dining room. Seems like an easy way (in Bristol) to add £100K pounds to the asking price. Is this another EA dirty trick? In this case being a bungalow, perhaps it really is a 4th bedroom, but for the older properties I have seen, it seems like a wheeze to squeeze up the price. Even so at £360k there must still be plenty of profit in it for the builder. I would like to know how much money the next-door neighbour got for selling the "plot". I have seen this done so many times when looking at properties on RightMove. Anyone any idea how much the likely building cost of the building (and landscaping of the outside space) alone would be?
  23. I found an interesting property during my daily stroll through RightMove. Unfortunately the wrong part of Bristol for me, but much nicer than the c**p sent to me by an estate agent yesterday for the same price. http://www.rightmove.co.uk/new-homes-for-sale/property-38659712.html Looks very nice inside. After a bit of Googling, the rear view seems to look over a bit of a dump. It's actually built on what was next doors side garden (hence why it is so close), and right on the top of a railway line (i.e. on top of a tunnel). There is an access road to the property to the rear at the side. The price seemed low for a 4 bed, normally at £100k per bedroom anywhere in the Bristol area. Property Bee revealed some interesting claims. I only searched for properties put on in the last 7 days, so I now assume this includes ones with changed details. 13 July 2012 Initial entry found. 20 October 2012 Brief Description changed: OPULENCE AND GRANDEUR Brand New Home.....In the process of being built, this Home..... This uniquely designed detached bungalow will have people queing to see it and more people fighting for the chance to own this 3/4 three/four bedroom dormer bungalow with a view just as breaktaking as it's interior! 22 November 2012 Price changed: from '£400,000' to '£380,000' 07 February 2013 Price changed: from '£380,000' to '£360,000' So not quite the queue the builder had hoped for. Perhaps they are keen to sell and might accept a reduced offer? I don't know whether the trains would be a nuisance, but I also have found new build properties in Pill built over a railway tunnel in the same way (perhaps this is the tunnel for the Portishead line which currently isn't in use?).
  24. Well I was surprised to find the following property on Kellaway Avenue (is this such a desirable location?) for £540K... http://www.rightmove.co.uk/property-for-sale/property-36669461.html Looks pretty uninspiring to me. Perhaps I am being picky for my 540K? The garage/workshop looks a decent size, and the garden is certainly very large, but I suspect most people look at the house first and the garden and outbuildings are bonuses? Nevertheless the sellers are keen to help potential buyers - "VENDORS WILL CONTRIBUTE TO STAMP DUTY". I suspect this means they want over 500K. Perhaps they will also allow vendors to keep the internal furnishings I would have advised dropping the price to £250K
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