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flatbread

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  1. flatbread

    Edinbugh Latest

    We saw a listing http://www.espc.com/buying/306878.html Called up agent and had a strange conversation. Apparently an offer has been made, but not accepted. But they will not let us view. How does this benefit the seller? Surely they do not want to accept the first offer made...I wonder if there is some dodgy insider deal going on...
  2. http://online.wsj.com/article/SB10001424052748704187604576289180500195292.html?mod=WSJEurope_hpp_MIDDLETopStories Mr. Draghi's qualifications for the job are, of course, unparalleled. Like the incumbent, Jean-Claude Trichet, his whole résumé seems to have been a preparation for this job, peppered as it is with work in government, international organizations such as the OECD and World Bank and, most recently, the Financial Stability Board. He has a couple of assets that even Mr. Trichet can't boast, in his 10 years as professor of economics at the University of Florence and his private-sector experience with Goldman Sachs, where he was a member of the firm's management committee for more than three years. Mr. Trichet's private-sector experience—two years as an engineer in the 1960s—makes an interesting comparison (Axel Weber, Germany's former front runner, has none). Sounds like a planted piece in the WSJ, to promote the Wall Street boys...no guesses that GS will be favored and first to know of ECB decisions. They already rule the US Treasury and are infiltrating European financial decision-making bodies. How do we stop them?
  3. flatbread

    Edinbugh Latest

    How does McEwan get the funding to do this...and what is their business model? * For developers it makes sense, they sell an overpriced house, and even if they take a bit of a hit in selling on the property they got in part-exchange, well, the loss is covered by the profit from the sale of the new development * For buy-to-let folks, hoovering up properties might make sense if the cash flow numbers work from the rental income, even if the property is losing value. What does McEwan investments do...is it a REIT? How does it make money? Obviously this "part-exchange" thingy is propping up the market a bit - otherwise people who need to move would probably have to sell at a lower price in the open market
  4. flatbread

    Edinbugh Latest

    A bit of a change in topic. I've been seeing these "part exchange available" on sale signs in Edinburgh and West Lothian. These signs are on older and period properties. How does it work? Who 'holds' the unwanted exchanged properties? I can understand 'part-exchange' for a used car dealership, but who is the equivalent of the car dealer in the part-exchange property market?
  5. flatbread

    Preparing To Move - Protecting Our Deposit!

    Thanks for your reply. I should just find a used plate at a charity shop and replace...else I might get charged for the plate and agents time in going out to buy a replacement. I guess I am not feeling that charitable towards the LL because they have been 'easy going' (aka lazy) about fixing things for us, but are suddenly all uptight now about how we leave the place... :angry: I do have a place I let out abroad on long-term rentals, and I am so careful about making sure things are in working order for tenants. I have yet to deduct anything from a deposit- I've never charged for small breakages as I consider these normal wear and tear. The stuff LLs can get away with in this country is crazy! No wonder we all obsess about owning our own place here and not having to deal with lazy landlords and agents
  6. Hello, We are in Scotland and preparing to move houses. We are on an AST for a furnished rental, and unlike England and Wales, there is no TDS. The check-out terms mention that we should paint over any scratches/ marks on walls, and replace any broken plates etc. We will get our place professionally cleaned, but I am thinking, no way, will I look for any scratches/ scuff marks on walls (we have not put up any paintings/posters on the walls) - this should be normal wear and tear. Nor do want to go on a hunt to find a replacement for the one plate we have broken in the year and a half we have been here..this should be considered normal wear and tear...no? But just in case the LL wants to nickel and dime us, any idea what are our rights as tenants. We have two complaints which were not resolved 1) the cooker hood/vent did not work when we moved in, and despite our pointing it out at the start, no one has fixed it 2) The fridge/freezer was not working properly when we moved it. A couple of months after we were in, the LL replaced it with just a fridge, so we didn't have a freezer during most of our time - quite irritating as we couldn't make ice or buy ice-cream etc. to keep at home What are our rights as tenants regarding these two things...? Thanks!
  7. flatbread

    Edinbugh Latest

    We looked at a few places and one of the vendors asked us how much would we offer if we were interested...w gave a sum that was 20k below their home report val (hr was 180k, i think) and their selling agent called us the next day to see if we wanted to go ahead...we got cold feet as we are not sure whether we wanted the extra space in Livingston, or whether we could live in a smaller place in the city... Granted, this is very anecdotal, but my sense is that there is quite a bit of negotiating room for some properties, depending on the vendor's circumstances. This was in Livingston village, btw. I personally would not choose Livingston, if we worked in the city. Much nicer to walk to work, no...? We considered West Lothian because my OH works in that area and would be a shorter commute as compared to traveling from the city But, if you do want to look in west lothian because of price... i think there are cheaper places than livingston. e.g. http://www.globrix.com/property-details/28601232-atlas_court-armadale-eh48-4_bed-house?from_results=1&hit=45 (I know nothing about this area at all...)
  8. flatbread

    Edinbugh Latest

    I think there was one on the same street for 155k a few months back. It is not a good part of Livingston, imo. The village area is a bit nicer, and a pleasant stroll along river almond gets you to the outlets. We got a sense that you can go 20k below asking price for the ones listed around 170-180k.
  9. flatbread

    Edinbugh Latest

    Hi Guitarman, We have looked at Livingston. Problem is that the houses are packed like sardines in a can and are sooo boring. What is with these developers? Can't they come up with interesting, modern designs? .
  10. flatbread

    Edinbugh Latest

    Hi Guitarman, We have looked at Livingston. Problem is that the houses are packed like sardines in a can and are sooo boring. What is with these developers? Can't they come up with interesting, modern designs? .
  11. flatbread

    Edinbugh Latest

    With hindsight, probably...there was a nice one in Eglinton crescent that I should definitely have gone for. Well, live and learn.
  12. flatbread

    Edinbugh Latest

    Well, I do kinda like the flat...it is a bit grotty, but I like that...(Georgian meets Grotty type of feel). But true, I don't love it, which is why I made the offer I did - with my head. At 190k, an interest only mortgage (assuming a 5% rate) would just about cover the rent such a place could fetch...so I think my offer was rational. Do surveyors actually calculate a price per sq foot? I don't think so...I have seen one beds and two beds with roughly same sq footage have significantly different prices. I know of well decorated two bed in nicer West End Georgian crescents with a proper kitchen/diner that sold for 250k last autumn - so why are flats being priced by surveyors at 280k and higher now? How do they come up with their numbers...? I think the system is just ripe for abuse, as sellers pay for the home report eval, and the surveyor is not bound by his/her analysis to independent scrutiny. This is just such a shoddy system...no wonder the market is at a standstill, as sellers have unrealistic expectations based on 'expert' input. BTW, the owner has had this flat for 18 years, so he is just a greedy bugger, in my opinion.
  13. flatbread

    Edinbugh Latest

    The flat is pretty much at the edge of West End, akin to best area, worst street. I have been keeping a look-out in the WE for the last year, and can say this is definitely overpriced. In other WE conversions, this would be a one bed, with the kitchen in one of the bedrooms and the current kitchen as an under stair large storage closet. I know what you mean about ground floor commanding a premium, bu this does not have a nice entrance hall and is not a maindoor either. Nor does it have nice views, front or back. Recently, a one bed in Coates (one street over) was on for fp 210k, and a proper two bed (with a real kitchen) for oa 230k. Other than that, there a lot of silly prices in the area, but I remember from last year, that really good, proper two beds with decent kitchens were asking around 250k on good crescents. I think this is just home price inflation with prices being jacked up by bogus Home report evaluations.
  14. flatbread

    Edinbugh Latest

    Went to see http://www.espc.com/buying/293574.html Decent living room - small internal kitchen under the stairs. Read the home report evaluation of £280k. A joke! In the home report there are 2s for the roof, external stone work, electrics and central heating - so all these will need spending on in the near future. Also, the flat above, 4/2 which has an additional room, sold for £180k in 2005. I called up the agents and asked on what basis the flat had been valued at £280k and offered £190k for the flat. The lady tried to tell me that £260k was a great 'discount' on the home report valuation. She couldn't answer why this is so much more expensive than the one above (which is larger and had sold for £180k in 2005). The EA said that the vendor would not entertain my offer and we ended it there. I am quite upset at the whole home report farce - is there anyone whom we can complain to regarding inflated home report valuations?
  15. flatbread

    Moving To Edinburgh Next Summer '11

    We are renting a two bed in the Albany street area for a little over £800 a month...think it is a bit overpriced, but is close to some lovely shops - Crombie's, arguably one of the best butchers in town, Artisan coffee (really good coffee), Urban Angels, Real Foods and loads of other small independent shops, cafes and restaurants. It is 10 minutes walking to Waverly station and Princess street, and 20 minutes to Stockbridge, Old Town and Holyrood Park. The biggest problem you might face is the dog - lots of flats do not allow dogs, and for the ones which do, you might want a garden flat (often basement) for the dog... Edinburgh is a wonderful city and we too, moved from the US and absolutely love it!
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