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  1. I live in Chelmsford and rentals are just stupid here now. The fact that you are considering it kind of explains it.
  2. I was at university in Leeds, left in ’95. Lived in Headingley and Hyde park. We had bars on our ground floor windows and doors back then. The grim-ness isn’t new. Rent was only £35 a week though.
  3. The guy in question is an alcoholic who will never work again, it’s fair to say he isn’t worried about his credit rating. He has nothing lose by refusing to move. I don’t know the nature of the mortgage, however it’s useful to know that there may be an option in tenants in common. The advice is appreciated.
  4. So all roads lead to repossession if he continues to refuse to sell.
  5. Friend of mine has a joint mortgage with a former partner. Still both living in the same house, he’s not working, she is and effectively paying for everything. She wants out, wants to sell the house and move on. He doesn’t, as given his age he’s unlikely to work again. Some equity in the property, but not a vast amount, after costs they’re likely to pull a few K each. Also it looks like she’s going to lose her job. Employer is downsizing the company and pulling all the tricks to make peoples life difficult and get them to leave, so they can minimise any redundancy they have to pay. She knows she could find better work elsewhere, but would have to move but with being tied to the house can’t. Also doesn’t have any spare capital to run two houses whilst she gets set up elsewhere. So… Really needs to force the sale on the house and start over. So looking for advice on forcing a sale on a joint mortgage when one party refuses
  6. So what is it that old people buy? Is it time to go long on werther's original.
  7. You’re right that the initial sale of the vehicle isn’t the profitable part, it’s a cost for the most part. But you’re wrong to say that more money comes from Finance. It’s part of the equation sure, but most profit comes from after sales parts and service.
  8. Sure, doesn’t matter to me either way really, and I’m sure he’ll be able to service the debt for long enough, whatever. But £300k on £50k over 30 years. Just wow.
  9. Just found out a colleague has taken up with the new build FTB HTB. Single Mid 30’s guy, on £50kish, £65k deposit. £300k house price, 30 year mortgage. Of course I’m the badguy for thinking he’s batshit crazy.
  10. To be fair, it’s not just the government or local council in this case. The colleges/university own masses of land in and around Cambridge and they are the ultimate rent seekers.
  11. For parcels, I think it’s worse than just pricing. Opening hours and parking. All of the post offices around here are on the high street with standard opening hours, and queues out the door at lunch time. All of my >1kg go courier, I can drop them off at a store on my way to work.
  12. The technology is viable now. Self-parking (parallel and reverse), lane and distance adjustment/control are in vehicle today. Google have had fully automated self-drive operational for some time. It’s legislation and consumer acceptance that’s lagging. You’re right it will take a few years. But not due to the tech limits.
  13. Same here only put the grey bin out once a month. Then it’s only half full. End up with more in the brown bin / garden waste March to October. That's hardly urgent. Occasionally put a few glass bottles/jars out for the recycling if theyre no good for the homebrew + a bit of junk mail. Besides what goes in the bins that rats would want? Surely no one here has any food waste that doesn’t go in the compost.
  14. Warranties aren’t always portable, but could be. The BMW deal may well be terrible, no idea. But car companies have moved away from large scale lease plans to corporates due to the discounts they needed. But they still need a way to supply the secondary market with low usage newish vehicles. There are some stunning lease deals out there now, if you hunt around. Sure you can buy a cheaper car, for less. But maybe you could lease it for less over the total contract period, by deferring cost into the final years. And that end of contract fee. Walk away. And obviously opportunity cost on the initial investment. Personally I tend to avoid capital investment into a deprecating asset if I can help it. But like you say, you pays yer money. Nothing to show for it? Sounds awfully like renting is dead money to me.
  15. Sure, that's just price and contract negotiation. You can say that about any product. It just amuses me that every-time one of these car lease threads comes up, there are always half a dozen posts stating how people bought their car, how leasing is a con. And maybe those people here have done a ROI calc on the ownership vs lease on their vehicle for them. But it doesn’t mean that leasing a vehicle is always a poor strategy.
  16. So renting a house is fine, but renting a car isn’t?
  17. And on the other side of the story, we’re going in Oct for a competition. Struggled to find a B&B as everywhere near the winter gardens was already booked.
  18. It’s a nonsense. This isn’t about getting people working until they're 70. It’s about getting the non-working over 55s on JSA and sanctioning / workfaring them. If you’re under 40 and expecting to work until 70 forget it, I know two people at 45/46 who are already facing serious age discrimination in employment. Add another 20 years of drones/bot improvement, increased low cost automation, wage arbitrage and unpredicted tech changes.
  19. My corner of Essex has gone mental. This is really close to me, http://www.rightmove.co.uk/property-for-sale/property-41758345.html I expected it to go up at £400k maybe £425K to push an above £400k sale. It’s on at £499k. Insane, time will tell if it goes at that, if it breaches £450 I’d be shocked. But generally asking has gone to the moon, and completions are following. Anecdotally I’m hearing it’s another wave of money moving out of London. And as a friend just sold in Islington to move to Suffolk, that ripple seems to be moving further. Not surprised Norwich has seen some increases. I lived in Norwich 1999-2001, when you could pick up a 2 bed terrace for £55k.. Sadly I didn't.
  20. Not just the young doing unpaid interns. Friend of mine self-funded an MBA and then had completed a nine month unpaid intern at a large US financial (London based), 4 years ago at the age of 35. It paid off for him as he’s on stupid money now, but unpaid are seen as a “rite of passage” to certain careers now.
  21. They really are clueless. I give it two weeks before people aligned to anonymous attack Conservative party sites, and start to post these documents drawing attention to how far from their pre-election promises they really are. The one thing you absolutely never do if you’re trying to hide something, is try to delete it from the internet.
  22. Council tax re-banding was too much of a political liability, 10% on private wealth including residential property seems unlikely. A few points on other asset classes seems more likely i.e. those not held by current key voters – elderly. However, if any tax (on property wealth) gains any real viability in the EU currency regions, UK property will gain even more of a safe haven status. Opportunity for the UK government to run this as another pre-election HPI driver. #DailyMail: EU proposes 10% tax on Spanish Villas, ExPat Horror. Edit: They could even hint at tax on bank savings, driving cash into other assets. Don’t need to worry about avoidance risk, it’s the behaviour wanted…
  23. feed

    My 2012 Accounts

    Good Man, then you can tell if your 2012 costs are being elevated by purchases of items with long lifespans the value of which will be actualised in later years.
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