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House Price Crash Forum


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Everything posted by ShedDweller

  1. Exactly my experience .. I went to four different garages to buy a van, when I asked for the best price I got a lecture on leaseing/HP etc .. ended up giving them my card and telling them to phone me when they had a price. The only ones who did were Citroen and they gave me price but told me they had a demonstrator for significant discount. I told them I would have it and made an appointment .. the chap was a bit phased and after tryingto sell me credit said "Well it's not as if you are just going to make a debit card payment for £9500 is it" I did .. and because I have prewarned the ban
  2. Well he no longer owns the house .. as it was repo'd .. I guess if he bought it before 2002 then I can't really see any defence that would not be laughable ..
  3. You remember, he fought for a United Ireland then claimed it was his human right to declare bankrupcy as a British Subject. Well the silly person forgot to tell the Irish Offical reciever that he had stashed a load of Euro's under the bath, doubtless he will say it was an oversight as 150k is (was) as little to him as a tenner for us (and lets face it who hasn't lost a couple of quid down the back of the sofa). Is there any way he can get out of this one? I would say that regardless of any story he comes up with .. it's beyond reasonable doubt he was trying to cheat the official r
  4. I didn't quite get this .. as the story does not seem to have been told well .. I'm assuming that the landlord refused to cough up the deposit ? I'm assuming as happened the last time I moved out of a property, if the landlord meets you at the property and thanks you for being such good tenants, does the electricity and gas meters .. has a bit of a poke about then exchanges the keys for an envolope of cash containing your deposit he/she is in the clear regardless of wether it was protected or not .. Or am I wrong?
  5. A firiend is a traffic policeman and " I have the bulb and can't change it" is now the no1 Excuse for a dead headlight .. Come back Lucas prince of gloom all is forgiven ..
  6. It's possible that it's only people I know and the area I live in .. But there seems to be a bit of bicycling "Craze" going on at the moment .. and other than the Boardman bikes Halfords has totally missed out on it. There are plenty of people who will happily spend £1000 on a frame, and have a number of bikes "fixed wheel" and "Coggers", There is whole range of these people from the "Occasional weekender" to the obsessive who thinks a decent holiday is doing over 100K a day in the alps .. My experience (I have no data i can quote) is these guys and girls tend to be high earners and happy
  7. And the exception that proves the rule! There is a lady I know who looked after her parents from her 20's (when her mother first became ill) until her mid 40's When her dad finally died after a long illness. She gave the best years of her life and had no career or other interests, which in truth has sent her a little batty (think of a 45 year old with the outlook of a teenager). So yep the fact that she was left the house without mortgage that she can live in in security for the rest of her days strikes me as fair, She has a sister with whom she was left the house 50-50 and sister (A
  8. A friend of mine who has a portfolio of property bought from the mid 60's to middle of the 90's in London told me that he could no longer get bank financing because the banks now have a blanket rule that they will not grant new loans to anyone over 65(I suspect he had IO loans on alot of the property) So he has had to go for bridging finance, which is expensive because he has a very high LTV ratio (he's transfered alot of property to his children without mortgages). So the increase in bridging loans may well not be a positive thing ..
  9. I'm not sure that's true .. I think that the maintainance is included in the rental cost. Another friend (same industry) who wanted a new van was given the super hard sell to lease by the salesman the whole "How much do you spend on your van" chat and make the £300 a month look like a bargain because maintainance was included. But I don't know if you CAN put a dog in it .. My guess would be if you are "Renting to Buy" then it's no problem as there is no inspection at the end of the rental .. but if you do not intend to keep the car then No you can't put a pet in it .. Also do you intend to
  10. Alot of the people I know are like me and their income can vary enormously .. and pay comes in big lumps. Credit has always been to be avoided. A friend of mine had just been paid from a really big job and he wanted to buy his wife a new Audi. The way he tells it (and I have no reason to doubt him) the conversation went like this .. Figures are not exact) Him "What's the price" Salesman "Well the deposit is £4500 and then there are monthly rentals of £350" Him "No what's the cash price?" Salesman "Well the deposit is £4500 and then there are monthly rentals of £350" Him "No wha
  11. I'm not so sure .. obviously the banks were losing deposits but my understanding was that there was 100% certaintly of a bailout which kept alot of the money in place ..
  12. From the BBC .. on the delay of the debate in the Cypriot parliament. "However, his Democratic Rally party - which has 20 seats in the 56-member assembly - needs support from other factions to ratify the bailout." So this is not a "Done Deal" yet ? Or am I missing something ? What I read into that is they need 9 people from other parties to vote for the bailout and think as I might I can't see anyone not in the ruling party WOULD vote for this .. I guess if they don't get a deal the banks will stay closed on tuesday .. edit to add here is the link to that .. http://www.bbc.co.uk/new
  13. I guess that's the difference .. I go to work to feed my family .. you go to work for some higher purpose ..
  14. A quick route around the internet comes up with these figures .. Price of petrol in 1964 5' (25p) Average weekly wage £16 Today it's £505 Which if petrol had gone up in line would make petrol £7.89 a gallon. I wonder how much the price would have to go up to get back to 1964 traffic levels ?
  15. I think Legislation is unlikely .. but I can see that car purchase may become a thing of the past .. A friend of mine was looking for a new BMW for his wife, he runs a small buisness so he would not take out a loan for a car. He asked the sales person again and again for the price of the car and kept being told .. Well the advace rental is £6405 and then you pay 240 a month and a final payment of .. He left the salesman his card and asked him to phone him when he had a price .. The salesman called back and told him .. "They don't like it but you can pay all the payments in six months
  16. I think this is the ethical dilemma of our generation, not just the medical profession but for all of us .. do we spend a million pounds keeping a baby alive who would not have survived a day in 1980 and will always be 100% dependant on medical intervention ? Who decides when to withdraw medical care? What medical care should be give to people at the "end of life" who decides when "End of life" is ? Should we spend more keeping Dr Steven Hawking alive than someone with the same physical problems but with learning disabilities as well ? I've no idea what the answers are here .. and p
  17. Oddly at a hospital that I have a (Loose) connection with they had a new catering manager, and for six months he cooked up the most astonishing and varied meals, not expensive but lots of fresh veg and interesting. Some of the staff were getting takeout boxes usually reserved for staff who could not get into the canteen and taking them home to their families, which was initially frowned upon until it was revealed that the canteen was running at a profit for the first time ever .. At one point there were more lawyers eating in the canteen than doctors .. Then there was an NHS reorganisa
  18. Yep from 15-17.5% I think the total cost to the nation of the polltax was 10billion someone once told me that because of the non-payment campaign it would have been cheaper to just wipe off the moneys owing and return the money of anyone who had paid .. However I found this .. felt a bit dirty .. http://www.express.co.uk/posts/view/342223/Poll-tax-dodgers-to-get-away-with-debt-that-totals-320m I think it was the least sucessfull tax in history Here is a very learned paper on it (written in 1991 so the full cost had not appeared yet) http://www.google.co.uk/url?sa=t&rct=j&q=&e
  19. It seems to me that we could have 100% compliance for a fraction of the present cost if we simply charged the Council Tax to the owner of the property, you have this slightly mad situation that in some places were people are sharing a house the council has to go after each of them individually ... and in places like Hackney where there is a high turnover of tenants .. some foreign it's going to be a nightmare .. Much better to hold the owner liable for the CT, the only difference for the tenant is that they pay the CT as part of the rent .. Change the law so that the CT is the first charge
  20. I was never sure why these places existed in the first place. About five years ago the tumble dryer packed up, in truth it was only a bearing but I was going away and I could not arsed to repair it, also I wanted one that automatically shut off when the clothes were dry. I went to comet and was pounced on instantly by a rather nervous kid, I told him what I wanted and he told me they didn't have any that would shut off .. I took a look at the display and there were plainly at least three or four. Then he told me about the "extended warantee" and i told him politely that was not goi
  21. That is a huge scam in the Land Rover/ Range Rover market .. Search on Ebay for Land Rover 2a .. most of the cars you will see are series 3's that have had a 2A chassis plate put on them .. I have only heard one one person getting nicked for this (from a Policeman) and it was a 1988 RangeRover with a 1970 plate on it . The driver got nicked for no insurance and an "Improperly displayed number plate" and the registration was cancelled(apparently they "Did a deal" as neither of them wanted to get involved in fraud proceedings).
  22. I don't know .. My reading is there are two bubbles here .. the cheap money driven "Premium" asset bubble and the "Canny Investor" bubble. I'm not sure about the "premium" bubble but certainly the "canny investor" bubble is about three years old .. If you drive a Moggie as a daily driver .. all sorts of people come and talk to you .. and it used to be that they would say things like "I learn't to drive in one of these .." Or "I see you drive it every day isn't it a bit unreliable?" .. about three years ago it started to change to "I bet you have done well out of that" and then ask lots of
  23. An old boy came over to talk to me when I was waiting for one fo the children the other day (I have a Morris Minor Traveller), he was telling me that he was thinking of selling his TR3 because the club scene has changed so much. Apparently in the old days it was a bunch of chaps in overalls who would chat about oil pumps, now however most of the cars that appear at shows are restored and maintained by professionals and last years concours winner was boasting that the win had cost him £40,000. Sadly I could not tell him what the minor club is like as i don't get involved .. but from the s
  24. As I understand it the loans are "rolled up" so the interest is added to the principal. So as long as the asset exists then the loan is not in default. Assume that the price remains the same then in four years time (assuming 8% interest) = £32,000 a year (keep this as simple interest for the example) the cost of redeeming the loan is £528,000. If the car is only worth £400,000 you simply leave the loan running .. Everyones a winner .. The only danger is the cost of storage .. which is about £100 a week and that HAS to be paid ..
  25. I went to school with a chap who was obsessed with Aston Martins. When his granddad died in 1991 (we were both 21) he spunked the whole of his inheritance (£25,000) buying a DB4. His dad went MENTAL there was a whole heap of screaming and shouting and his dad pointed out lots of really important stuff like "Where will you keep it" "How will you insure it?" etc etc He first managed to insure it in about 97 or so and last year he could no longer afford the insurance, It has been in storage since last September and he has just sold it. The buyers are of course a hedge fund and they sen
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