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House Price Crash Forum


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About futurepaul

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  1. In Switzerland there are limits to what a property owner can make from a property. I sublet to someone else there and the rent in registered with the authorities my contract had rent rise limits of 1.3% above inflation The deposits can be 3 months plus 1 months rent (over 9000 chf on my first place) There are many private landlords but there are also professional companies renting, this is the way I did it. If you buy there no one pays off their mortgage because this attracts additional tax
  2. Some thoughts: It may be a tax on foreigners. If memory serves about 20% of the Swiss population is foreign and therefore I guess would not be eligable for said money. It takes 10 years to become Swiss and you need to pass a citizen test. Even if your kids are born in Switzerland they are not automatically Swiss. In Switzerland politics is taken seriously and very slowly referenda for everything etc. etc. As a Middle Eastern Shahk or Russian Oligark, I would be wondering who is paying for this and what the weather and flight time to the Camain islands is Apologies for the spelling
  3. Where am I now: In 1998 my best mate bought a house, I went to a Russell Group Uni (late) By 2002 I had secured a successful career path and I have survived all the mergers and redundancies of the Engineering industry Always not quite enough money to buy even with 20% and 30% regular pay rises, meanwhile my best mate was paying off his mortgage quickly. 2004 moved in with ex-bankers ex-wife with a very small mortgage. She was getting a lot (2k/month I think) of money from the Government prior to me moving in for being low paid and three kids. Where asset values and 30k p.a plus in child maintenance is not assessed as “wealth”, insane. I moved in, it effectively cost her 1k a month as my wage was assessed. Checked out of the whole housing issue but started to get jumpy about the kids affording and was starting think about “investments” for them. Repeatedly I recall saying “but someone has to pay the money back eventually” and “I don’t get it this is crazy” 2007 I started with HPC, after seeing an interview on the TV. Now single realized I was well off the mark as I was not financially in a good place, but I was debt free with 3k in my pocket 2007 and recall chatting to a lady just about to upsize. She described how she would really have to tighten the belt to pay the mortgage I said “I think house prices are about to come down a bit” this turned out to be an understatement on my part 2009 managed to get out of UK and move to Switzerland riding some of the exchange rate benefit. I thought three years and the crash would be over and prices would be “normal-ish” I could come in a buy something with about 50-60% mortgage and be roughly where my best mate was Now its 2013, I have saved quite a good deposit and the craziness has started again, I could come back but I think the UK has lost its way. I did not save hard just my Bonuses and 13th Month I have a good life in Switzerland. Living here has given me perspective and I know it is pointless to try and return to the UK. My money is mostly in Shares and I am starting to get nervous as things seem to be changing, but I feel I would rather get robbed by the market than the banks and government in savings My best mate has a good business and has upsized massively, he knows he taking some risks, but has his wife’s parents will back him if TSHTF. He’s worked hard and been lucky; I think I worked hard and have been unlucky I am getting older I am starting to need roots more than a fair price, I cannot wait forever. I am moving to Sydney next month I have looked at property prices, they are high but I can get 3.5/4x income, just I will have to wait 2 years let’s hope they are in my favour I am being told it’s a bubble too but it looks better value than the UK
  4. In Zurich these comunal dumps are burred in the pavement and look really good just a silver shoot. A vehicle comes once a week and empties them. Expensive but effective
  5. Just seen this add today and I doubted the three week claim. So i installed property Bee (excellent) http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=POSTCODE^202153&insId=1&radius=3.0&index=280 * * * * * * * * * * SOLD BY REEDS RAINS, LEAMINGTON SPA IN JUST 3 WEEKS! - MORE PROPERTIES URGENTLY REQUIRED. FOR A FREE VALUATION, CALL 01926 311 431! * * * * * * * * * * * * A LARGE DUPLEX APARTMENT IN STUNNING CHARACTER BUILDING BOASTING AN ENVIABLE SETTING RIGHT ON THE GRAND UNION CANA.. Property Bee says first listed 28th Jul 2010 What are they trying to achieve by advertising sold buildings in the for sale section, any ideas? Lets see what they write back
  6. About time too. In Switzerland where i live deposits are kept in special account which a signature from the tenant and the landlord can release the money or you can just buy insurance and have no deposit at all. Plus a whole independent ombudsman to deal with fairness on relatively minor issues The six month short hold tenancy agreement contract is a farce in England
  7. Good pay, safe, clean and low tax. Housing is is just as stupidly over inflated and rent demand is high in Zurich But the long term rental system is very good Works for me :-)
  8. Only is you dont have flowers and a buffet :-) Funeral VAT liability: Selling coffins, urns, shrouds or embalming fluid Standard-rated (unless provided by an undertaker as part of a funeral package – see paragraph 3.1) Flowers, wreaths, announcement cards and other commemorative items Standard-rated Newspaper announcements Standard-rated Hire of hearse with driver from one undertaker to another Exempt Hire of limousine with driver from one undertaker to another for the transport of mourners as part of the funeral Exempt Hire of vehicle with driver to an undertaker by someone who is not an undertaker Standard-rated The hire of a hearse or limousine without a driver Standard-rated Catering Standard-rated (see Notice 709/3 Hotels and holiday accommodation) Fees payable to Registrars for certified copies of death certificates Outside the scope of VAT Fees payable to churches for ministers' services Outside the scope of VAT Orders of service for use in funeral commemorative services Zero-rated (see Notice 701/10 Printed and similar matter) Agency services Standard-rated Services aimed at checking customer satisfaction Standard-rated
  9. Read all the student posts it seems sad they cant see beyond there current debt crisis to focus on the next one. Hey housing might be affordable (if they can get a job) by the time they want to buy a home. I have been talking to my teenage step siblings, apparently the schools are not encouraging kids to go to Uni any more. My friends teenage child wants to be a Hairdresser, this will probably end up being economically more viable then being a scientist
  10. My 17 yo Step brother works part time for the local council leisure centre putting out crsh mats etc. (not even life guard) completly unskilled. £7 / hour I couldn't believe it I thought it would be minimum wage.
  11. Plus maintenance from husband to wife is not a taxable income so is not included in the calc. I know first hand One of my exes had 3 kids a part ime job, 80% equity house and 30k pa plus in maintenance. Her income was more that mine with all the bolt ons. When I went to live with her it cost her nearly a grand a month in lost benefit due to my wage being a accountable income. Absolute F-ing madness that one women could claim so much she didn't need. She was a bit embarissed but somehow managed to live with the guilt
  12. Kurt do you know which plants are on outage and which have overrun their Service outage period?
  13. Looks like your right looks like the traders run the plants not the engineers, is this explained in the Spark and Dark spreads?
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