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needmorespace

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About needmorespace

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  1. Haven't posted on here in a while but amusingly I also rent on Creigton Ave. Big 4-bed for 2600 pcm on 2 year lease. Landlord wanted more but used a hilariously incompetent local EA to market it. I receive 1900 pcm rent for the 2-bed with small mortgage I own in Highgate so it works out OK even though I (well, the Mrs) has to pay some income tax on the rental income. I could not even begin to afford this house that I'm living in if I had to buy it outright. Rent-to-rent definitely working for me right now (one young sprog). Still, I recognise how absurdly lucky I am: 40 this year so was able
  2. Bingo. All of this money as well as the equity from her husband's flat (when he finally sells it) will go to buy a crazily overpriced house somewhere in London. I suggested that they rent for a bit and they laughed at me. It makes me sad that they could genuinely win from HPI by taking some money off the table (rent or buy a more modest house) but instead they feel they have to buy the biggest house possible with all of their HPI-inflated equity.
  3. My part of London and market segment (flat not house) have definitely seen falls in asking prices. I would be only too delighted if London prices (all of them) collapsed even though I own a place. Below is what I posted on the Regional House Prices London forum where probably no-one read it: I own a 2-bed flat in a converted Victorian house in N6 (Highgate side of Archway Rd and not far from the tube so fairly nice) that I bought in 2001. In the "not a billionaire Russian oligarch" sector of N6, things are definitely very slow indeed. My downstairs neighbour in the decent but small 3-bedroom
  4. Sometimes dull is OK! I think it's partly a question of your stage of life etc. We're in nesting mode and plan to have kids soon. Also I have lots of friends in the area and my family are close by. I will miss Highgate though. Even if it doesn't have any proper shops or restaurants.
  5. Er, I meant leeches. My spelling has gone to pot.
  6. I own a 2-bed flat in a converted Victorian house in N6 (Highgate side of Archway Rd and not very far from the tube station so nice-ish) that I bought in early 2001. I am getting married next month and would very much like to move somewhere a bit bigger. In the "non-billionaire Russian oligarch" sector of N6 things are definitely very slow indeed. My downstairs neighbour in the decent but smallish 3-bedroom garden flat tried to sell for about 18 months with very little interest and only accepted an offer just before Xmas after dropping the asking considerably (duh) from 550k to 500k and eventu
  7. A bit of basic googling gives the following: http://en.wikipedia.org/wiki/Royalty_Magazine Interesting.
  8. All I know is the guy in the video needs to stop jabbing his pencil in my direction.
  9. DURING the past decade Britain's housing market has had its most sustained boom in post-war history. Between 1997 and 2006, house prices rose by 175%, one of the biggest increases among developed economies (see first chart). At its peak, in 2002 and 2003, house prices were soaring by over 20% a year. A bubble had emerged, as Gordon Brown, the chancellor of the exchequer, acknowledged last autumn. By then, it was already deflating. In 2005 residential-property sales in England fell below a million for the first time since 1996. House prices stopped rising for several months. On past form the
  10. Try Strathmore Minerals which is on the Toronto Venture Exchange or USEC Inc. which is on the NY Stock Exchange. Two very different companies so do some research if you're thinking of buying and don't just jump in. And if you're not sure how to buy US / Canadian stocks have a look at Internaxx which is a joint-venture brokerage from TD Waterhouse and Fortis (?) based in Luxembourg (but don't let that put you off). NMS
  11. I've been (mostly) stalking this site for a while and have found the posts very useful, especially Bubb and all the others who have recommended precious metals, mining stocks and the Puplava Financial Sense web site which has been really useful for picking up tips. Late last year I decided to dabble and bought 2,500 Aurelian Resources at $0.55 (Canadian) i.e. about £690 total investment. Earlier this week they literally struck gold. My £690 investment has brought me a paper profit of more than three grand! (Actually I sold a few to cover my original investment - the remainder is pure profit
  12. Interesting topic of debate. I decided to do some investing in non-UK markets and so I opened some subscriptions to Changewave Investing, both the regular letter as well as the Microcap and Biotech ones. The driving force behind them is an overblown, stuffed shirt character called Tobin Smith who appears in a regular investing slot on the Fox News Channel. It's coming to a point where I can cancel the subscriptions and get most of my money back. I must admit, though, they have been quite useful. Although they tend to massively overpuff their successful picks and ignore their clunkers I ha
  13. Internaxx (www.internaxx.lu) offers a single platform for trading in equities on markets in London, New York, Toronto, Paris, Frankfurt, Stockholm, Zurich, Amsterdam, Madrid and Brussels. They don't offer Far East markets but I opened my account so that I could buy Canadian energy and commodities companies for reasonable trading costs. I've done quite well with Connacher, an Alberta tar sands play. Interestingly, Internaxx also offer CFD trading on more liquid equities in all of those markets I listed above. I've found that CFDs can sometimes be a better alternative to traded options on No
  14. I agree that it shouldn't in any sane universe. I'm just worried about the intangible positive effect on sentiment of "people doing well out of property". Let's hope so. .Thought that wasn't the case - I'll look it up. Happy to be corrected.
  15. Is it not possible that the govt could change the rules to allow transfer of traditional pension 'pots' in to SIPPS? Depends what you mean by a "traditional pension 'pot'" but I believe that there are no obstacles to moving funds in existing money purchase schemes into a SIPP. I yield to no one in my hatred of this socially corrosive property bubble but the potential 'SIPP effect' on prices has me a bit worried. We had a smarmy leech from a pensions management company come round to our office last week to give us a lecture on the new rules coming into effect in April 2006. Couple of intere
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