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tim123

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Posts posted by tim123

  1. You do need enzymes for some stuff, unless you're going for the "ima fecking bleach teh sheit out of that stain". Tomatos, blood, babyfood and some other stains I've forgotten about.

    Same goes for coffee in coffee cups. The dishwashing machine detergents has more enzymes in it, (certain enzymes target certain things). This is why if you have coffee cups where you can't get the stains out - try some dishwasher detergent (I'm sure there's some old household remedy for it too). But that's one example. But in theory yeah I agree, loads of stuff that probably does the job OK! No doubt these things will have a revival, wartime like.

    I always find that if the DW hasn't actually removed a stain it has softened it enough to be wipped off with a wet/soapy rag - YMMV

    tim

  2. A friend was asking about this:

    http://www.repaymortgage.co.uk/blog/2009/08/26/one-pound-house/

    Any thoughts? (apart from it being rather out of date)

    Assuming there are no hidden contractual surprises, it looks fairly harmless. My only negative thought was that it artificially (at least on paper) maintains the illusion of high prices... Still, £1 for a 3-year guaranteed tenancy looks a pretty good deal...

    This looks like an EA desperation option to me.

    I don't see what's in it for the seller, so why would there be any using it?

    tim

  3. Umm, some people do actually want to live in apartment blocks at some points in their life. A lot of young people just starting out don't have the time to maintain a garden and can benefit from lower cost of housing in an apartment of their own. The same thing with some pensioners. Not everyone wants to live in the same type of housing, especially not for their entire life.

    And bungalows are a waste of space and a blight upon the landscape.

    Yep,

    No 1 on my list of requirements is "lock up and leave" on a weekly basis, that looks anonymous when empty.

    You try that with a house, even one without a garden. (Which is number 2 on my list - no responsibility for a garden, even when I am living there).

    tim

  4. I don't know who's buying them then - it's always seemed impossible to get a deal done with the few repos I've offered on (20-30% off). It's always been - we want the asking price and nothing less. So they stay unsold for months.

    I've looked at two in the past few months, both requiring a full makeover to make them habitable.

    Repo (1) AP 99K, currently SSTC at 91K. Identical (good condition) flat next door, AP OO 110K (I'm told that after several months they eventually have an acceptable offer which I shall be surprised if it's over 105). These flats are "un-lettable" so the BTL brigade can't buy them.

    Repo (2) AP 95K, currently SSTC at 85K. Similar, but larger flats on the same estate AP 100-120K but none of them moving at that price. There are also several available to let at various prices from 575 to 625, this being a fast turnover estate. This particular flat was amongst the smallest 2 bed that I have ever seen in my life. It will be a tough deal to let it.

    In both cases I think the AP was fair for a good condition property, but they aren't. I suspect that they price as a "try on" in case anybody "fell in love" and is prepared to do the work for nothing, but they aren't the sort of property where that is likely and there certainly isn't any "wow" factor when you walk through the door.

    I turned them both down as they were too small. I might have just done a deal at 90 for the first, but the second one is so small I would have only considered it if I took the dividing wall down between the bedrooms and made it a "good size" 1-bed, but then the value would have been, at best, 75K.

    tim

  5. http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9498614/Takeover-talk-boosts-MandS-shares.html

    So the share price jumps on speculation that a leverage buyout might happen which makes no financial sense...

    It appears that this is how the modern economy works.

    I thought that there was no money available for leveraged buyouts at the moment.

    The Banks are holding too many worthless loans (or shares) in buyouts that went wrong, and aren't the slightest bit interested in adding to that portfolio (whoever the victim is)

    tim

  6. Just looked at the village in France twinned with mine. A few startling differences:

    French land prices are about 43 to 100 euro per square meter, compared to local prices of over £500 - if you can find any local building plots. In France, I could find well over a dozen "terrains a batir" in the twin, compared to none in my village. Both my village and it's twin are affluent, close to a local provincial city, good landscapes (although the French one is better). Both about 1 hour from the capital by train.

    But you are missing the difference that:

    In the UK people will consider that 1 hour trip as a reasonable (in fact short) daily commute

    In France, they won't

    tim

  7. I have had stuff in storage due to relocating internationally. For example, did not want to take a old 17th century oak table to a humid, hot country where it might warp or be eaten by bugs.

    but yes, storing IKEA stuff would be madness....

    Not really.

    The "new" IKEA stuff does not magically tun up at your new abode the day that youy want it (like the stuff from store can).

    You have to order it, wait for delivery and then put it all together. This doesn't sound like a difficult task when you are adding one item at a time, but it's shed load of work when a whole housefull of kit furniture turns up at the same time.

    tim

  8. that implies that you do not understand economics, in the long run

    No it doesn't.

    If a person can afford the lifestyle that they currently have, for the rest of their likely lifespan, they have no economic incentive to liquidate any assets that they may have, regardless of any third party’s long term estimate of that asset value changing.

    After all, shares can go up as well as down.

    tim

  9. This is what is wrong with rental, landlords with a mindset like this. It really is NOTHING to do with the landlord, the tenants relationship with the other people in the community.

    You might think that, but there *are* a lot of "other people in the community" who think otherwise

    tim

  10. the thing is that the LR is up to date according to solicitor (and my paperwork) so RM and Zoopla would have received the data whenever they download/pay from the LR database. It is almost as if they are cherry picking what gets reported on their websites. Or am I being cynical...

    Yep!

    any cherry picking or mistake will be with the LR, RM/Zoopla will just be showing everything that is reported

    tim

  11. Where I live affordable housing will soon cost more than unaffordable housing. Then again for a secure tenancy I expect a small premium. :rolleyes:

    Successive governments have deemed that affordable housing should be subject to inflation busting rent rises, presumably to make it unaffordable.

    But not beyond local "market" rents, only until they reach them. (As in that's what the national policy is, whether it is being implemented like that locally is another matter)

    tim

  12. Posted this in the other post regarding Shnapps..

    The Montague report is promoting a new crap called Build to Rent..

    Too afraid of calling it to BTL and too afraid to include any serious proposals that would improve tenants lifes. Yes, long term tenancies are mentioned but there is no mention at all about Rent Controls..

    And in the end, why are we discussing about Build to Rent when we have not fixed Build to Own/Live yet?

    For this goverment tenants are 2nd class citizens.

    Anybody who thinks that there's a market in "build to rent" just doesn't understand how business works.

    No commercial organisation is going to get involved in long term rental properties at 5% yield before operating costs. It just doesn't make sense to invest at that point on the risk/profit profile.

    tim

  13. So, house that I found in my rightmove trawl has following information - I wont post the ID as I don't want to encourage anyone :-)

    Entry codes

    Parking area - 654321E

    Access door to right of apartment door - press "Codelock 1963"

    Alarm - not set 3112

    External cupboard with WARNING notice on it for electric meter: 1863

  14. Let me guess .... it was when more people searched in the papers than online?

    When local papers everywhere made a huge chunk of their revenue from the house ads, and consequently were forever ramping property. The bubble that finally stopped inflating only when their market moved online so press and property became less of a one-way-only story.

    Of course newspapers used to be full of LLs advertising their properties directly.

    Now with the demise of classified ads for property it’s all internet sites and they only allow agencies to post.

    And the real problem here is the agencies complete unwillingness to be flexible about the terms of the lease. You used to be able to negotiate direct with the LL for whatever period suited you. Now it’s a fixed term 6 or 12 months, take it or leave it, even for a room in a shared house

    tim

  15. ITV Wales just covered this story. Although they are not saying they will actually do anything, it is a start.

    Read More http://www.walesonline.co.uk/news/wales-news/2012/08/21/welsh-government-to-consider-action-to-protect-leaseholders-91466-31662821/#ixzz24Cca1PDc

    I still think that this is an over reaction. I really don't think that the people who see the problem cases have ever lived in and certainly never been involved in the management of a shared block.

    IME for every block that is receiving (claimed) unjustified charges from their MA there is another properly run block with an urgent need to do some (majority) resident agreed repairs who can't do so because one tenant is refusing to pay the bill for his share of the work.

    If you're going to try to fix the first you can't do so in a way that gives Mister "I don't see why I should have to pay for the roof to be fixed because I'm on the ground floor" a right of veto over the needs of the tenants who flats are being flooded. If Mister Ground Floor didn't want to have to pay for roof repairs, he shouldn't have bought a flat!

    As to some specific points:

    "Leaseholders wishing to change their managing agent or challenge a service charge must approach a Leasehold Valuation Tribunal (LVT)" As to the first this is factually incorrect. All that you have to do is organise (and win) a vote for an RTM. an LVT hearing will come nowhere in the process. As to the second, if the LVT process is too long winded then simplify it, this doesn't need primary legislation.

    "2.5m such properties and spend around £2.5bn a year on service charges". So that's a thousand pound per flat. Have you/they ever lived in a block with a properly run (and fair) management committee? By the time you have paid for: communal cleaning/lighting/heating/gardening, property insurance and general maintenance, plus the cost of paying someone a reasonable hourly rate to make all the arrangements and paying for end of year accounts, it is rare to find a block run for under 700 pounds per flat, and if the block has a lift, 1200 is a starting point. A 1000 pound average seems about right. What’s the problem?

    "threat of forfeiture of properties for failure to pay charges” is removed and replaced with a small claims court". Yeah, and what about the rights of Mister "I'm not going to pay"'s co-tenants? If they don't have the rights of forfeiture for non-payers and this is a debt that can be avoided by going bankrupt who will pick up the bill? The commercial MA and their shareholders? - No chance it will simply have to come out of the pockets of all of the residents who do pay, in the form of higher maintenance bills to them. Once again you can’t fix this (apparent) unfairness to one tenant without harming others, in this case innocent others.

    "They further want freeholders to no longer be able to charge for permission for developments to leasehold properties" Most leaseholders don't do this. But they do make charges to cover the costs of checking that the work is done to standard that does not materially affect their (or other tenant's) interest in the property. Which all seems fair and reasonable to me and is not something that should be legislated away.

    This is not a simple problem of rogue MAs that can be fixed by taking away MA's rights, the current rules protect the rights of co-tenants and this needs to be considered as well

    tim

  16. I don't know if anyone has raised this point but with the charges on some rental properties sitting at £2K+

    Round Northampton way that's 5 months rent on some places.

    Renting is the future.

    This is the worst that I know of:

    http://www.rightmove.co.uk/property-for-sale/property-34364254.html

    3700pa in an area where a 2 bed flat rents for about 550.

    There aren't any available ATM but here's a 1 bed at 550 (which I think is optimistic)

    http://www.rightmove.co.uk/property-to-rent/property-23797476.html.

    (and they're sold with share of freehold, so there's no rip off company making it expensive, it's all down to the owner-managers)

  17. Thanks for these thoughts - yes they are being stupid - I think they dont trust the agencies, are are trying to be mean with fees? I dont know or care. But I want to be able to make practical suggestions.

    If the no.1 practical suggestion is "get an agent to put it on Rightmove" then that is fine.

    Sign in the garden is a great idea.

    Is it a waste of my time going round alternative online sites listing there? What about ebay property? Give us some clues!

    Online agents, such as the one you have been given will put the property on rightmove (and other web sites), and apart from fielding phone calls, that is all that they will do you you.

    Whether you will sell a property this way will depend upon it being priced correctly for its market.

    tim

  18. AEP in the Telegraph agrees with you on the Finns, but points out that Russia is the problem for them - no chance they'll go back to that sphere of influence.

    The break up would mean two extra currencies, leaving far fewer than there where 13 years ago. So the EU can carry on, just not as ambitiously as before.

    I think the idea that Finland leaving the Euro would leave it liable to a "take over" by Russia complete nonsense

    tim

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