Hold Fast
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Everything posted by Hold Fast
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Lord save us all from group viewings. Fortunately I've only had to put up with one in the last couple years. Well, I sat in the car sulking while the missus went in and wasted five minutes of her life. Fortunately she now agrees with me on that front @renter - seem to remember seeing a web page once for a tenant referencing service. I think they were quoting about £30 per person. No doubt a company doing large volumes can negotiate that downwards.
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Surprisingly honest really, the responder is basically admitiing that they participate in a local cartel. We all charge it, what are you going to do? Definitely an area of the economy crying out for stronger regulation.
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Pure fantasy isn't it, no chance that price is real. The sale price underneath it has to be bogus as well looking at the road it is on. I wonder how many other prices LR get wrong.
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Just been looking at sold prices on RightMove. Just out of interest I tried all Plymouth area sales sorted by highest price first: http://www.rightmove.co.uk/house-prices/detail.html?originalIncode=&outcode=&incode=&country=england&locality=&buildType=1&propertyType=0&landRegTenureType=ANY&year=30&radius=0.0&sortOrder=descending&locationIdentifier=REGION^1073&referrer=detailPage&columnToSort=PRICE_DESC According to that, the two most expensive sales on record in Plymouth are : Someone got a good price for that flat in Lipson! Is this the LandReg with their extra zeros again?
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For some reason I'm reminded of this: http://en.wikipedia.org/wiki/The_North_Wind_and_the_Sun
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Shared Ownership And Mortgage Options
Hold Fast replied to Butts76's topic in All about buying, selling and mortgages
I'd be interested to know the percentage of people who sign up for shared ownership who eventually upgrade to full ownership. I bet it isn't very high. That aside, shared ownership on a flat sounds like a bad idea to me. A flat is generally lease hold so you are getting a part share of no land at all and probably a full share of a hefty annual maintenance charge (especially if there is a lift). I expect the contract also has some nice clauses that limit the potential upside for you and guarantee a future selling price for the vendor. Generally a way of booking a peak price sale when there is no current ability to pay, IMHO. -
Can we import this guy instead of Mark Carney? http://www.youtube.com/watch?v=51-Jfh6ADH0 Edit: embed video rather than link
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Mark Carney: I Will Inflate And Destroy The Pound
Hold Fast replied to punter's topic in House prices and the economy
Had C4 on it the background - heard the bit about 2008 revisited but didn't catch the inflation part. BBC has some of his comments now: http://www.bbc.co.uk/news/business-21211789 -
What with having their finger on the pulse and all that, the BofE are apparently keen to prevent housing bubbles forming. Usual trick with FT, google the title and all will be revealed - google search Here's the highlight: "However, the BoE was concerned that limits on people’s borrowing could provoke a political backlash. " Nice to know we have a top team of financial experts looking out for our interests,
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If At First You Don't Succeed ....
Hold Fast replied to porca misèria's topic in House prices and the economy
Yeah agreed the story is upbeat, I meant the comments underneath. Just for entertainment value for anyone familiar with the area - have a guess at how much the most expensive flat on the market is. £400K? £500K? http://www.rightmove.co.uk/property-for-sale/property-33781408.html http://www.rightmove.co.uk/new-homes-for-sale/property-34571389.html Maybe I'm a tight b*stard but that seems a touch on the high side to me. -
If At First You Don't Succeed ....
Hold Fast replied to porca misèria's topic in House prices and the economy
The agent listing that seems to specialise in taking over properties that have failed to shift. I've seen several hang around for ages, listed with two or three of the usual suspects at once and then dump them all for those guys. I think they are relatively new so they probably have lots of enthusiasm. Another agency "nova homes" seems to be following the same pattern, although I think they offer a 0.75% fee which is probably what is winning them "business". If comments in the local rag are anything to go by, sentiment seems to be very negative in the area: http://www.thisisplymouth.co.uk/Plymouth-property-price-slump-city-largest/story-17756363-detail/story.html http://www.thisisplymouth.co.uk/Housing-expert-predicts-confident-2013/story-17723628-detail/story.html Mind you, most things on there tend to be very negative :-) -
World Economy Will Collapse By 2030
Hold Fast replied to cashinmattress's topic in House prices and the economy
I've had this book on my "wish list" for a while now: http://www.amazon.co.uk/The-Limits-Growth-30-Year-Update/dp/193149858X Anyone read it? I'm guessing it is related to this subject. -
I've seen one recently that was listed as being on the EA's "confidential" property list which you had to sign up to find out about. It doesn make you wonder who gets sucked in by it all. How about a schizophrenic listing which can't seem to decide what sort of house it is: 03 November 2012 Subtitle changed: 5 bedroom character property detached house 02 November 2012 Subtitle changed: 5 bedroom detached house character property 01 November 2012 Subtitle changed: 5 bedroom character property detached house 31 October 2012 Subtitle changed: 5 bedroom detached house character property http://www.rightmove.co.uk/property-for-sale/property-36199240.html?premiumA=true I know for a fact the place isn't detatched. Someone needs to make their mind up though. EDIT: speeling
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No Real Austerity In Public Sector Pay
Hold Fast replied to easy2012's topic in House prices and the economy
Fair play to you mate, I'm sure it can't be easy. I just wanted to get that surgeon joke in to lighten the mood a bit :-) TBH, I'm sure we'd all be fed up in your position, nobody like having things taken from them. It's just hard for people earning a lot less to be sympathetic with doctors/surgeons/consultants who are complaining about pensions that far exceed the average man's working salary. -
No Real Austerity In Public Sector Pay
Hold Fast replied to easy2012's topic in House prices and the economy
@uro_who Q: What's the difference between God and a surgeon? 1)God doesn't think he's a surgeon 2)God doesn't exist 3)God would leave and get another job, the market will serve his needs -
Pension Pots To Plunge Under New Rules .....
Hold Fast replied to LuckyOne's topic in House prices and the economy
Fair play to you mate, hope it works out for you. The point I was trying to make is that if you say you don't believe in them people immediately want to change your mind. I'm gradually finding it is better to say nothing, even in places such as this. -
Pension Pots To Plunge Under New Rules .....
Hold Fast replied to LuckyOne's topic in House prices and the economy
Funnily enough, most people see it the other way around. Personally, I look at is as complete loss of control of YOUR MONEY. But that's just my opinion, such as it is. One thing I have noticed since opting out of mine is that people tend to have a highly polarised view on the subject. Some can get very agitated if you tell them you don't believe in them, as though you are stitching them up by not having one. Definitely don't mention it to anyone in the industry, they look at you like you have got three heads. -
So, we spend the last 5 years propping up house prices to keep the older generation happy (they vote). Then it turns out they need to sell in order to pay off their IO mortgages in retirement. But they can't sell because prices are too high? How about that then, unintended consequences right in the ****.
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At Least Interest Rates Can't Get Any Lower...
Hold Fast replied to rantnrave's topic in House prices and the economy
Keep the masses working, if your money is no longer a long term store of value then you have no choice. I suppose the trick is to not let people catch on what is happening, the loss of value must be subtle and sustained. Nice little side benefit of keeping consumer demand up as well maybe. -
Nice, be interesting to see if you get a reply which isn't a canned response. Normally these things elicit a reply that skirts around the issue rather than engaging you on your specific question.
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What would stop the current forbearance from continuing? Genuine question BTW.
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Very Aggressive Ea Tactics - Sign Of Fear ?
Hold Fast replied to thefruits's topic in House prices and the economy
Perhaps we need a HPC version of those profile interpretations you see on dating sites. You know, "bubbly" = fat, "fun loving" = alcoholic etc. Offers in excess of = dreaming of the days prices were bid up over asking Fixed price = please stop offering us less than what we want Guide price = we know we won't get this but we don't want to admit what we think it is worth No offers = Hopefully if we sound stern people will do what we tell them Although you could probably just boil it down to: Offers in excess of = delusional Fixed price = delusional Guide price = delusional No offers = delusional For sale = delusional -
Maybe they could take a lump sum out of their pension to use as a deposit on the house which they bought as a pension........ or something. At least we know what the next bubble will be in - I/O mortgage mis-selling cases.
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Vince Cable Announces New Bank For Business..
Hold Fast replied to fluffy666's topic in House prices and the economy
+1 risk versus return