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House Price Crash Forum


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Everything posted by 2buyornot2buy

  1. Fantastic. VW will be at 330k BEV in about 6 months. Took Tesla what? 6-7 years? The established autos don't need to learn how to mass produce.
  2. They've been trying to sell this on and off for 5 years. It's been rented and now back one https://www.propertypal.com/84-balmoral-avenue-malone-belfast/456058 Started at 750k now down to 599k.
  3. Vw is already starting to blow them away in Europe. Tesla will always be a niche, but the big boys will show them how to make big volumes and more importantly make money. The whole thing reminds me of the ecig shock to big tobacco.
  4. Exactly. This is a property company selling drinks. The debt, it to mostly service the santander 400k a quarter debt. Looks like they have loaned them money to pay the interest on the existing loans.
  5. I see NI as a case study. The same could be said about not picking houses up on my street and the ones around for less than a couple of mill from 2005 > 2009. People would be queueing once they dropped 20%. But that's not what happened. Once the falls started people with the money to spend sat back. Plenty could afford the price 10% off, but why buy when you could save 200k when they dropped another 10%. Transactions fell off a cliff, surveyor's valuations were reflecting the new market.
  6. Have to say I don't agree. Perhaps NI is different but when prices crashed, the top end was hit more than the bottom. Here's an example, Sold in 2007 for £3.5 million, dropped to 825k in 2013. This is probably the most expensive street in NI but there are countless of examples of the same happening throughout the city. My own street is an expensive street. I bought after 60% falls, along with several others. https://www.bbc.co.uk/news/uk-northern-ireland-21277512
  7. Yep, good luck getting a possession hearing and enforcement in <12 months.
  8. I bought in 2013 with a 60% discount on 2007 prices. Why I'm telling you this now... its important to remember what I believed would happen and what did happen over the last 15 years
  9. Definitely an interesting one to think about. So many variables and obviously the sums will be different for multinational vs smaller manufacturers. Contract manufacturing or not etc. I expect the tradeoff will be this. If you're going to go to the effort of relocating across the Irish Sea, what's the difference between tariff and non tariff barriers vs corporation tax savings. I.e. is it cheaper to manufacture in NI and ship to UK Europe or pay the tariff and manufacture in IE.
  10. I'm not from Belfast and live here. My OH also isn't from Belfast. My next-door neighbour is from Dublin. Several people on my street aren't from around here. But sure, lots of people from outside NI are going to view your house in Carrick. They've "escaped" to Shoreditch and are now desperately trying to find a spot in Carrick to move too. Now, this is a forum. If you want to play the man and not the ball, then fair enough, but it's better not to state something as fact when it's easily checked and shown to be guff. You've had me saying the stats show your talking guff, a developer say your talking guff based on their sales figure and a poster saying you're having a wet dream. Perhaps something residual from your previous career. If you don't like reply on public forum, I'd suggest you move on.
  11. Its absolutely riddled with anecdotes and assumptions. They aren't "mainly part timers" "Most" aren't from retail and hospitality going by the published statistics. You've now changed from "mainly" and "most" to a lot. And "the biggest sales" are from people returning from London... you haven't a clue either way.
  12. And potentially dropping more with the liquidation of Arcadia, Debenhams and Bon Marche.
  13. Absolutely filled with assumptions there and most wrong. The majority on furlough aren't in retail and hospitality. Retail and hospitality are big percentages but less than the others combined. You have no way of knowing if they are part time. You also have no idea if the sales are people returning from London
  14. You might have lost a couple of sales. I can assure you, the majority with a product application or an offer, went through.
  15. I agree with everything you're saying BTW. If I really wanted an accountant to do what the OP friend is clearing doing I would seek them out. I haven't. I'm comfortable paying the tax I do.
  16. I'm in the same boat. Slightly larger company than your mate. No debt. Small salary and dividends, CT and income tax on the lot. I think the height of my tax planning us paying the spouse 2k dividend and taking a company car (soon to be an EV). We need new accountants.
  17. Many who already started the conveyancing process were able to be assessed under older requirements. I.e. no negative impact due to furlough. True that they now have to worry... several thousand of completions later. The 30+% in the public sector also won't have to worry obviously.
  18. I'd be tempted to stick a fiver on the brothers who bought ASDA going bust in the next 10 years. Looks like a mammoth debt binge.
  19. People have been locked down, can't travel, won't be paying parking, lunches, petrol etc etc, they have added to the deposits. And as we can all appreciate here, ever £10 added is another £100 someone is happy to borrow...while they can. Add the stamp duty savings (not really any savings for FTBers) and boom. 2007 has taught us there are always large numbers who will borrow to the max.
  20. Essentially because the government has paid everyone's wages this year and next.
  21. There will be leases in big centres tied to an arcadia presence. Break clauses where if they go I go.
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