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Confusion of VIs

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Everything posted by Confusion of VIs

  1. You are free to disagree but that doesn't change the facts. Are you really old enough and widely travelled enough to have an informed (by your personal experiences) view on this.
  2. That would make for an interesting debate, although you could make a counter arguments, such as offsetting damage from: resulting overvaluation of the £ or if you are a bit left wing: oil money keeping the Tories in power However all we know for sure is that, contrary to general perceptions, our time in the EU has been good for the UK
  3. I don't know if the figures are publically available, but from talking to people who are interested in new-builds trade in deals are pretty common and the excess paid over the true value can be very large.
  4. Probably the most common dodgy practice is over paying for a trade in - colleague recently offered a trade in deal at full kite flying price for his existing house. This is despite 3 months on the market with no offers and little interest. Killed two birds with one stone, old house sale goes through at probably £60K over its true value and new build goes through at full asking price - great for comparables all round.
  5. The problem with this argument is that its not true. One of the reasons the UK joined the Common market was we were in long term decline relative to the rest of Europe. That decline was reversed after we joined the EEC as you can see from long term GDP stats. http://www.edmundconway.com/2015/02/the-uk-germany-and-france-gdp-over-history/ Unless you are happy playing people for fools, there was nothing unconditional in the leave vote - expectations were set of what Brexit would look like and it is now up to May to deliver that. I will be happy to become a Brexit supporter if the much touted have cake and eat it deal is available but fear it may not be.
  6. Believe me in Blackpool they did. The EU is a large part of the world we live in so of course lots of our problems derive from it being a far from perfect, but that doesn't mean that any alternative is better - when you make a leap into the dark things always can and often do get worse.
  7. I visited 118 and now keep getting BTL mortgage/opportunity ads.
  8. In the run up to the vote, it was clear that the reason many people would vote leave as they wanted their life to get better and were convinced that the EU was at the root of all their problems. Most of the quoted problems didn't have anything to do with the EU but pointing this out didn't change any opinions. I could see the result coming and put a bet on Brexit The actual root of these problems seemed to be the world had moved on and they hadn't, and no flavour of Brexit is going to fix that.
  9. Its also pretty arrogant to say that democracy stopped with the vote. Quite possibly article 50 will not be triggered for another year and what Brexit means may not become apparent for another 2 years after that (possibly much longer). More than enough time for opinions to change and justify a second vote, especially if the promised have cake and eat it option cannot be delivered.
  10. As what Brexit is was undefined in the referendum question, the Brexiteers are almost bound to turn on themselves as the detailed options become known, probably starting with Boris and Fox. My guess is that EEA membership, with free movement restricted to free movement of labor and citizenship rights only after 5 years residence will be offered. Accepting this would be fully compatible with the referendum question and outcome. Wouldn't go down well with Fox and the other hardliners but hey-ho that's democracy for you.
  11. ???? I thought it was just surveyors trying to cover their arses - how does VI nonsense come into it.
  12. It's the last line that cracked me up, translates as - I am going to hang my hat on my valuation being right, or maybe wrong.
  13. I suppose this is Brexit what happens next, but could have equally well posted it in comedy central. From our friends at 118: https://www.property118.com/possible-brexit-clause-for-valuations/89856/ The Royal Institution of Chartered Surveyors (RICS) has suggested a possible Brexit clause that can be added by member surveyors to be added to Valuation reports. This is intended to offer protection for Surveyors against the uncertainty of future house price movements while the issue of Brexit and its repercussions are still uncertain. The RICS website says, “As the process for exiting the EU is a long one, markets may remain uncertain for a protracted period of time, in which case valuers must continue to sound a cautionary note about the potential for longer term outcome uncertainty. “At this point it’s important to give thought to wording that might be appropriate for your reports in this immediate post-referendum period.” RICS stated to members that until more data about the effects of Brexit are known, Valuers should consider using the clause below: “Following the EU referendum held on 23 June 2016 concerning the UK’s membership of the EU, a decision was taken to exit. We are now in a period of uncertainty in relation to many factors that impact the property investment and letting markets. “Since the referendum date it has not been possible to gauge the effect of this decision by reference to transactions in the marketplace. “The probability of our opinion of value exactly coinciding with the price achieved, were there to be a sale, has reduced. “We would, therefore, recommend that the valuation is kept under regular review and that specific market advice is obtained should you wish to effect a disposal.” RICS is leaving it to its members to decide whether or not to use the clause and that it will not be compulsory. Colleys surveyors have confirmed that they are not yet using the above clause, but will consider the option in the future. Valuation director Fiona Haggett said “The feedback I had from the lenders was they did not like this. I can see why. I had one lender say ‘I can’t sue a valuer on this’. ​ “It isn’t valuers trying to watch their backs and not be sued, it’s them taking responsibility and saying ‘I am still going to hang my hat on my valuation’.”
  14. From statshow.com theguardian.com has a global rank of #149 which puts itself among the top 1,000 most popular websites worldwide. theguardian.com rank has decreased -9% over the last 3 months. theguardian.com was launched at July 6, 1994 and is 22 years and 54 days. It reaches roughly 50,335,800 users and delivers about 211,410,360 pageviews each month.
  15. A lot of the public sector have already had their promises reneged upon: change from RPI to CPI inflation linking pension age moved from 60 to 66/67 final salary replaced by career average
  16. How it's paid for is not relevant, if it was part of the employment contract it should be honoured. As the earlier poster explained for him and most public sector employees all their pension achieves is to match the means tested benefits that would be provided if no pension was paid (same is true for most private sector employees).
  17. There was one where I used to live. Next door neighbour was a single mum with 3 kids worked as a part time teaching assistant, council provided and maintained house (currently worth around £500k. Oh and her next door neighbour, single mum 2 kids also worked as a teaching assistant in the same school.
  18. He will probably post the plan on 118. Failing that, if he submits a claim for a Kayak as a business expense we will know it is on.
  19. We haven't actually managed to Brexit yet, in fact we haven't even managed to decide what Brexit is yet.
  20. I wasn't really making a point about housing prices. The places I was talking about were built to a good European standard, lots of space big rooms, high ceilings, 8 inches of insulation all round and in a great area (probably similar to a nice place in St Albans) so nothing like the new build garbage you get here. The local market in most areas is much cheaper, £10,000-40,000 would cover most of it.
  21. I have never worked anywhere that wanted the auditors to do their job, they were employed on the understanding they wouldn't. Anyway doesn't change the reality of no margin calls.
  22. , You could have worse rulers - anyone for President Trump Edited because then new software is playing up duplicates and doesn't like smileys
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