adarmo

Sounds like a good way of getting people back out there. My sister lives in the USA. She and her husband each received a $1200 stimulus cheque early on in the pandemic. I Think she received another lower value one more recently. They're saving for a house so.....

Amen brother.

Unreal isn't it? Real terms getting paid to have debt.

Depends on the interst rate but i saw some smashing fixes when i was looking yesterday. 7 years for 1.49% with only 25%deposit. Crazy.

I think the original point was does a bond or debt have intrinsic value? Your next question is a bigger question but there are strong arguments against a fixed money supply, at least 7 billion reasons in fact. A fixed money supply creates a deflationary spiral. Great if you happen to have a huge stash of cash when this starts (original bitcoin miners lets say) but terrible for everyone else. There are limits to a flexible money supply expansion though. People would start to use other items as a medium of exchange, or even other currencies that are more stable in value. On this point it explains why Zimbabwae would use us dollars ans not Bitcoin. Bitcoin isn't a currency.

Www.google.com

Lol. Wrong as usual.

Errr, it has intrinsic value. It's a record of debt owed for goods or services delivered. Whereas bitcoin is backed by nothing delivered. Swapping fiat currency for a prend currency doesn't make it a currency. Someone, somewhere has made an absolute fortune out of the scheme.

Haha point well made.

Haha point well made.

Good advice.

So you'd offer for the building plot less 20k for demolition and site clearance? If the boilers screwed its 2k. If the CH system is pressurised it is sound and not leaking. Rest of system is an easy fix but hold back another 2k. Biggest concern would be drains not working so turn up with a few massive water bottles and pour them down the bogs and sinks. Digging up drains to play 'find the blockage' is expensive, messy and time consuming. I'm surprised they've not had any heating on though with the cold snap. If pipes freeze you're looking at bigger repair bills.

I'm good with killing sdlt for single home owners (not multiple) and making up the difference with cgt. Never understood why unearned revenue is taxed at a higher rate. To the argument it will detract entrepreneurs i don't buy it. Most don't do it for the money. But, can still give them entrepreneur relief if we think it would stop 'wealth creation'.

It's a scam. Literally a pyramid scheme mind trick.

Because there's no hidden agenda and houses are not unaffordable to most people since most people own a house. I've so many friends who thought they had to move to London because its so exciting and that's where the action is. My other friends all bought houses at a fairly normal age because they hadn't moved to a global city to compete with the world's richest. People are buying houses later in life than they used to and there's a lot of reasons for that. Partly You now need two incomes (the price of equality but household income to house prices ratio is much more stable over time than some here would like to admit). Partly more go to uni (needlessly) and go travelling. All takes time and all costs money. High house prices are not the cost of civilisation, taxation is, though I'd bet a house in a stable democracy is worth much more than one in a failed state. Back to the OP, how will they repay the debt? Allow covid to shuffle the golden oldies off to save on their longer-term pension and health liabilities?

Exactly. Simply a tax on moving.

Interesting summary there. I do remember though that when you told everyone you'd made 20k on oil shares what actually happened was oil stocks fell. I thought you must have done it some other way but now you quote oil stocks as spat goggle as evidence you made some money. Where's the real evidence? Then you use inflation adjusted house prices as a comparison against nominal returns in other assets. That level of analysis isn't comparable. Finally, if you'd bought a house you'd also be rent free until you die. Pretending you made enough money to rent until you die makers either some incredible assumptions about rent increases and your life expectancy or you made soooooo much money it'll clearly do you forever. Meanwhile, in the real world, if you'd bought a house in mid 2017 for a good price (say an elderly couple needing to move into care in a hurry) and places a 15% deposit of 65k down you'd Hagee not only saved about 15k in rent a year, you'd also be looking at a 15% increase in value. So doubling up on the deposit AND saving about 52k so far in rent. Take off 11k sdlt about about 6k spent on some improvements and DIY It still doesn't look too bad.

Agreed. Better to take it slow and ensure this is the last one than rush it and have over a thousand dying per day and the ICUs clogged up again.

A pandemic is not a war lol. Wars are easy in comparison and we've centuries of experience in fighting them. Covid hitting the UK wasn't just about PPE. Just sit back a minute and think of everything that needed to be considered........ and everything that didn't need to be considered for Falklands. If the NHS is so great at procurement (believe me it isn't... we sell into multiple govt agencies and it takes them weeks if not months to sign a PO even for covid related orders) then why did the govt need to get involved? During world war 2 did the country order 5,000 spitfires on day one and expect them delivered the next day? Like it or not all those checks and balances slow things down so much it's like wading through treacle so explain how it would have worked out had the government not got involved?

Well said

Wouldn't touch it. No legal pack and you lose 5% should it not complete. Guess who gets to keep that fee? (Pssst, it's not the vendor).

Bring back interest only 8 times salary as written in the box by the applicant

Why?

Now, now. The good count has predicted 25 of the last 1 property crashes.

A mate of mine is getting these grants. Somehow though the 80% Isn't eigh to keep things going for him despite having no travel..... something doesn't quite stack up. I suspect he's got (used to have) a fair bit of undeclared income.