Nabby81
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Posts posted by Nabby81
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Luton , clearly
When you can get this lovely ''penthouse '' overlooking a main road and outside carpark ..
https://www.rightmove.co.uk/property-to-rent/property-58285410.html
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Was just outside the local Connells big signs up advertising BIG SALE
Every house on the window has a sale sign and a reduction
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Look at the comments they all want lower prices I like this one especially
Quotehowterriblystrange
3 MINUTES AGO
I'm a committed Remainer. But I'm also a loving father. I would wet myself with delight if house prices dropped by 35% - my son could afford a house then.
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1 hour ago, mattyboy1973 said:
Can't say I often agree with The Sun but..
Agreed and its something like this Labour /Corbyn will sieze on the grab a large share of younger voters !!
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So the average increase on a mortgage a month is about the price of a large Pizza from Dominoes and yet people are acting like its the end of the world !!
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19 minutes ago, spyguy said:
I hope they are not lowering the tone too much for chicken shacks and drug laundering FOBT bookies.
Least the chicken shops / bookies don't cover the town with signs advertising their services to sell your home to London buyers on their books ..
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I have the opposite where I am, loads of them opening up they are rivalling chicken shops and betting shops for volume on the high streets
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Up to 2mil customers and only 26k left is still not bad considering how bad the issues were , I would have thought there would have been a far higher amount .Financially though they have taken a big hit as has their reputation
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Reductions still happening but the pace of new flats ie investment opportunities springing up shows no sign of stopping
Luton apparantly is the one area bucking trend on BTL returns so people still piling in .HTB shows its very obvious price inflation here
2 bed flats around 180-200 , a new build 2 build is 280 plus .
As well as flats alot of new developments of new build 4/5 bed houses ranging from 500-800k again HTB heavily advertised
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Lost 26k customers , gained 20k ..so could of been alot worse
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I would agree that another vote is needed based on what Gov agree's , how that works is anyone's guess though ..another ref or GE based on Parties campaigning on stay or leave ?
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39 minutes ago, Cryptotrader said:
Do these companies actually believe this drivel or are they paid up members of the Tory Propaganda machine?
On same day 6000 jobs are going at HOF and Poundworld looks like going bust with more job loss's but yeah the labour market is just great at moment ....
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Just got a letter from Halifax informing me HTB Isa rate is dropping from 3.5% to 2.25% from August ..
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Again with CPW there are cheaper alternatives on line and next day delivery , my most recent phone I ordered Friday afternoon I had it Saturday Morning no need for me to go into a branch. I hate going into phone stores as the assistants jump on you as soon as you get in there another reason I prefer to buy online
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1 hour ago, MARTINX9 said:
Based on the latest census data – which is five years out of date now – there were nearly as many foreign born residents in the Irish republic as there were protestants north of the border. In the 1960s there were less than 3 million residents in the Republic – now its nearly 5 million over period when large number of young Irish people have emigrated on a large scale.
Its amazing we still have this historic dispute between Irish protestants and Irish Catholics when due to large scale immigration the island is becoming less ‘Irish’ every year anyway so the argument becomes increasingly irrelevant. The Irish government is planning for another 1million people by 2040 – and it won’t be from a rising birth rate amongst the Irish but migration from developing nations and eastern Europe.
You also have the Ireland 2040 proposals that aim to grow the population by a million
"Given the demographic structure of Ireland and fertility and mortality trends, faster population growth would require higher international net immigration into Ireland. This would only arise if Ireland were sufficiently attractive economically and if migrants could find accommodation at affordable prices.
This implies that the average age across the population will increase more rapidly than has been the case and that unless immigration increases, overall population growth will slow.
https://www.esri.ie/pubs/RS70.pdf
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7 hours ago, burk said:
Had an interesting conversation over the BBQ last weekend with my brother and his wife; they've been umming and arring about whether to extend their current property or move to one with more space, (kinda ties in with the above poll - affordability & consequences) turns out its cheaper for my bro and his family to move to something bigger than extend. Problem is his wife (my SIL) isn't having any of it - lists of demands regarding location, spec etc has started causing problems between them, reading between the lines its clear to me she doesn't wanna move, and talking to her one on one shows she doesn't want to extend the property because of "all the hassle".
Thing is i was chatting to my brother a few weeks previous and told him "you know your kids are probably never leaving home" its just an impossibility given house prices, (as much i would love them to collapse) I think hes realised this and to give him some credit i think hes trying to sort something out for the longer term. Hence the move to a bigger place where his two kids are out of their box rooms t but his (stay at home) wife has her head in the sand seeing as i was told "when they finish their education they can bloody well move out". She just doesn't have a clue and the worry on my brothers face is actually quite noticeable now.
FWIW i voted for "they never will" as much as i would love to believe otherwise, but i just cant see anything changing and it really pisses me off although i'm slightly conflicted insofar as i work in the building trade so if there ever was a downturn i'm pretty much f@*ked.
Guy at my work just remortgaged to extend house as needed more space as kids still at home and doesn't look they they will be moving out anytime soon
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52 minutes ago, Freki said:
Enjoy the luxury of a 50 sqft master bedroom, with open plan kitchen giving into your 40 sqft reception room.
Indeed , when did it become Luxury to not have a separate Kitchen !!
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4 hours ago, maffo in oxford said:
I work for one of the major developers.
Sales have had to reduce asking prices, I know that the last remaining plot in the initial phase of a site in Bedfordshire has been reduced from £550k to £500k to get a sale ( 5 bed detached). The other plots in that phase were H.A. and shared ownership, so not a great reflection on private sales figures.
Afaik only 30% of the next phase have been bought off plan so far, all are private ownership and HTB, again afaik.Bedfordshire is chock full of developments and some of the prices I have seen are insane , from my house alone within about 500meters there are 2 new developments a further mile or so down the road there is a huge development on the old vauxhall site.
I live in Luton but work in Hemel / Bracknell and in those 3 areas if you told me there is a lack of building I would imagine you are blind , as you can't move without seeing some kind of development going on especially ''luxury '' apartments
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17 minutes ago, TheCountOfNowhere said:
Happening now AFAICT.
Harpendown and St Falbans are toast.
MK and Luton Struggling.
Saw a 300K drop in Northants last week.I wouldn't say Luton is struggling yet , have seen some reductions but plenty still selling , new EA offices opening .Luton is still picking up the London people moving out or london workers just deciding to commute from further away.
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Which means the Government is staring at a massive funding disaster in years to come as there is millions who won't have that much or even close to it
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Yeah on 17k a year pointless working when childcare fee's are not far off 1k a month even if she did stay in work MMR would stop them as MMR takes into account the child care fees for affordability
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41 minutes ago, hurlerontheditch said:
now at $1.34 and falling
Now at a 4 month low $1.33
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Well done , managed to Tank the pound again ..
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9 hours ago, oatbake said:
Another gem from the UK Landlords Facebook group:
https://www.facebook.com/groups/LandlordsNetworkUK/permalink/2147921081901582/
"I live down near London and have a property in Bradford.
Rent is currently £775 pcm and mortgage is just under £400
Just double checking come around 2020 I will be earning after tax and insurances around £20 a month..
I think it’s time to sell.."
Reading this, I was absolutely staggered... How is he managing to get nearly 800 quid a month rent in Bradford?!
If those numbers (twice as much rent as mortgage) don't add up then it's obvious that S24 really is going to be a game-changer. Still interesting that many landlords are only just starting to get their.heads around this...
A lot of London types recently started "investing" up here in the north too, nearly all of whom will already be higher rate taxpayers...
Going to be brutal...
Another way to look at this is these jokers repeatedly claim those renting can't afford to own when actually it seems the renters are paying double the monthly costs to rent over owning ..
Want your own home, have wealthy parents
in House prices and the economy
Posted
Mine weren't feckless they just all died young , same as grandparents