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BoredTrainBuilder

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Everything posted by BoredTrainBuilder

  1. No, because it's prohibited by statute making the Royal Mail a state-protected monoply leading inevitably to the abuses we see. Fortunately the cosy arrangement contains the seeds of its own eventual destruction - but not before imposing a severe rent on all the other citizens - as with all other similar situations throughout history.
  2. These days you can get you own back by lending to the bank, not only forcibly as a tax payer or a current account holder, or derisorily as a depositor, but voluntarily as an investor. Look at ticker RB53 (5.3%pa RBS Bond).
  3. Some hate the English. I don't. They're just *****ers. We, on the other hand, are COLONIZED by *****ers. Can't even find a decent culture to be colonized BY. We're ruled by effete assholes.
  4. Want something a bit racier. Otherwise how can I get back on the property ladder considerably further up than I stepped off it? Of course there's a risk I'll never get back on . . .
  5. So to bring the story bang up to date (if anyone's interested) the sale completed today at £480k and I've moved into the rented place (£1650pcm). Already a kitchen drawer has come off in my hand but it's a pleasure to phone the landlord's agents and put the problem onto them. No more trips to the local Wickes for a while. And the garden's lovely. But . . . what to do with the money (£250k)? Plan is to buy in this area or maybe a bit nearer to London in 2 years.
  6. Sorry I haven't been on the site for a while. http://www.crystal-claims.co.uk/Motorway-a...statistics.html http://www.dft.gov.uk/pgr/statistics/datat...gchgvfsheet.pdf http://www.freightonrail.org.uk/FactsFigures.htm In summary HGVs have a lower accident rate per km than cars (not what I said) but a much higher fatality rate which is what I was getting at.
  7. Seems like killing people comes easily to truckers. Not content with thinning out the ranks of prostitutes, killing around 600 a year in accidents (far out of proportion compared to cars to miles driven) and deaths caused by particulates and poor air quality - 1000s a year, now they regret not starving us. Thanks.
  8. All of this stuff about SW London somehow being different because its upper middle class citizens are immune to the new economic situation the country finds itself doesn't cut it for me. I concede that the area remains affluent and a decline in house prices will probably pan out over a longer time but there are just as many shut-up pubs/shops as anywhere else. All we are seeing is a lag effect, which also happened in other economic slides (as far as I know). It remains the case that, despite being in the very fortunate position of having a salary in the top few % of the UK population, and subs
  9. PP = 490 + 14.7 + 1 + 0.3 = 506 SC = 4.8 + 1 (legal) + 0.6 (physical move) + 1.5 (allowance to buyer - damp works) = 7.9 result = (480 - 7.9) - 506 = 34k loss Offset against this the mortgage was about £700/month cheaper than equivalent rental for 30 months = 21k brings loss down to 13k (not counting what I spent in Wickes doing the place up!!). But remember, as I pointed out in an earlier post, I put £200k capital into the purchase, which would otherwise have been in the stockmarket where it would have lost more.
  10. Nothing out of the ordinary. In my mind they were effectively zero, since I was planning to upsize at some point in the future anyway. I managed to cut good deals with the EA and solicitor bringing down the costs down. At the very most 1.5-2%.
  11. You really are a silly person. The marginal transactions costs are only those associated with the rental. At some point in the future I would have moved upmarket anyway and would have incurred all those transactions costs at that point. I really thought that was clear.
  12. I've already learnt the hard way on the score, the first we ever had, missus chosen, was double-sized and chosen, unlike everything else in the house, precisely for lack of aesthetic quality . . . now fortunately the internet makes the whole exercise more 'democratic'.
  13. You're not right. The extra transaction costs are minimal compared to selling and buying another house: - 1 x extra physical move, say £600 - 1 x odds and sods associated with tenancy say £500 tops - (at very worst) 1 x costs at end of tenancy eg cleaning etc, partial loss of deposit say £500 So at the very most say £1500. Granted there's the extra hassle of one extra move. But I'd say all of that and a lot, lot more would be recouped by the extra bargain-power, come buying time, of not being in a chain. I have undoubtedly been foolish and mad, but that was when I bought the house in 2007
  14. The thought crosses my mind frequently. Like every day. But sadly not hers or the missus'!
  15. Agree with all of that, but I did look into rental prices quite closely. I've got four children plus an au-pair so need at least 4 bedrooms even with children sharing. Some places of the right size in Teddington were upwards of £3000pcm. However since renting in Twickenham a couple of years ago I'd say that rents are down maybe 10%. Hope you find what you're looking for in the end but I do think this area is a bit 'sticky' and sooner or later will catch up with the rest of the country on the way down.
  16. Thanks - that's amazing. How come I couldn't do it?? I've never had that trouble before.
  17. I thought I should come back and update my post of Feb/March 09 where I explained how I had recieved an offer for £480k on my house in Hampton Hill bought for £490k in Jan 07. This was in the context of wondering how low an offer I should accept based on going STR for a few years to ride out the HPC. I had originally bought in 2007 despite having been a reasonably firm HPC believer. Anyway my post earlier this year explaining how a pregnant woman had fallen in love with the place and offered a near-peak price attracted waves of derision including someone who called me 'stupid' and many who
  18. Thanks, that's helpful. But I'm still trying to foresee what would have to happen to force the government away from ultra-low interest rates. Since just about everything calamitous that could happen has, I can't see any event that would force a change of policy unless inflation were to start rising. But with mass unemployment round the corner this seems particularly unlikely.
  19. But why would the conservatives want to increase interest rates? Apart from anything it would increase the government's own costs of servicing what will be by then be a massive national debt, and a strenghtened pound would strangle any manufacturing recovery that might have begun to emerge by then.
  20. But, other than a collapsing pound, where is inflation going to come from? In my industry I can see sudden dramatic evidence of deflation all around - but before this we have always had costs rising at faster rate than RPI in the whole of living memory. It won't be long before they come after me for a pay cut. I don't see a mechanism by which inflation will happen.
  21. About to sell up and move to rented accomodation. But is it the right move? The rental cost per month, whilst down on previous years, is much higher than the costs of a variable rate mortgage on a similar house at today's ultra-low interest rates. So what would cause interest rates to go back up, how likely is it, and when might it happen? After the crash in Japan interest rates fell to zero and have stayed there for nearly two decades. Is that not the likely scenario here? And if so isn't that likely to strangle HPC at birth? After all that's the desired effect of the policy from HM gov
  22. Have to accept this is possible or maybe even likely but EA claims the buyers are set. She (the EA) sounded as surprised as me. We'll see. Since I've already forked out for the HIP etc the costs of proceeding are minimal and I'll be going into rental so no big deal if the buyer can't raise the cash.
  23. You lot still doing that after all this time? Amazing. But seriously - now I'm getting cold feet. When the fix ends in Dec 09 my cost of occupation (ie interest on £300k at say about 3%) will be around £750 month but for a rental it seems that comparable is now around £2300 (this is coming down compared to my last check). So, assuming I put my released capital under the mattress, to 'break even' the rate of HPC must be say £1550/month or £18600/year. Around 4%/year on my house. Not much, but prices around here seem barely to have budged at all! (At least based on my surprise today). In this
  24. You might try reading the start of the thread, which was actually provoked by an enthusiastic viewing which has now turned into an offer. The thread was started well before 0921 yesterday. I'm happy to accept that you hadn't bothered reading the beginning. I'm extremely surprised indeed at the price: apparently the woman is pregant and nesting. Maybe the AGA helped. My strategy was always to wait until someone came along with hormones sufficiently strong to befuddle their judgment: it's only the 4th viewing in 8 months. However EA and solictors do report a sharp upsurge in interest. I seem t
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