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House Price Crash Forum


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About getknk

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  1. great thread and some great replies. I always felt to look into Japan carefully, as they have experienced all the issues 10-15 years before western countries. I'm feeling, this stagnation is the new norm in the West (atleast in europe).
  2. I believe US have a way out as the softpower of USD(dollar) is huge and the countries will trust it whatever the case be. Also the interest rate have been increased few times now. The CARNAGE of UK on other hand have left our country to ruins. Interest was not raised and no tools available. God save the country !
  3. wow. So whom you think is not 100% corrupt? Labout is 100% corrupt + added problem of hypocrisy. That makes then super corrupt and cannot be trusted at all.
  4. great details in there. Didn't know HMRC can go upto 20 years. Do you have a link for it, so can i can share to them? I also feel it is huge risk, but they don't care it seems. many started doing HMO style too with multiple people renting. Hope HMRC comes with full force sooner before the house prices crash and they have nothing left to pay
  5. which part do you think won't come? or you think none of these will come?
  6. I don't think it is necessary. Technology will change it automatically. I can see no reason before landregistry becomes obsolete (eg. Blockchain based exchanges) and online/hybrid estate agencies rule the place, with lot of conveyancing tools automatically available.
  7. I'm still confused how Government will take interest if BTL won't declare? I know lot of landlords, who were doing for 10 years atleast 1. Directly takes rent via direct debit (no agency) 2. Directly takes cash (especially 3 or 4 people living) How will govt. will get tax, in above scenarios?
  8. well.. in one way, the house prices have gone down by 25%+ from 2016 prices. (£ slump of 22% && 4% average reduction in London). Wished we had easy option to keep money in USD or Swiss Francs
  9. I feel, the landlord is planning to sell it. On the contrary, I feel it may be good for you to look for a rented property and start looking for houses in next 6 months. By the 2nd or 3rd month, if you find a good house, it should drop by another 5%. So from a financial point of view, if you are buying a house you will save the moving costs and difficulties which you have experienced or if you want to wait further you will have the comfort of mind to say that you are going to live in a non-shabby renting atleast
  10. Bit of a dilemma, as we liked the North Swindon area and houses are quite good. Please find my analysis, but would like to see if anyone can add it to the list. 1. north of "ThamesDown Drive" (Redhouse, St. Andrew etc) are quite good houses and nice area to live. But travel to Railway station in peak about 35-40mins in the morning !! So london travel is horrible. 2. South of Thamesdown Drive, within North Swindon (Abbey meads, Haydon End, Taw Hill). Seems good. But time to Station and Centre is still bad and prices are higher by 20-30K from north of Thamesdown which makes it north worth sometimes 3. East Swindon -. (dorcan/Covingham/Stratton) => Area has quite higher rate of crime etc as per StreetCheck. Interesting area imo from a travel perspective, but the area doesn't look modern 4. South Swindon/Wroughton/Devizes route => Interesting area. Higher prices of houses and selection is less 5. New Town and central Swindon => Horrible place. Runway.. 6. West Swindon => Still a mystery for me. Some people say it is good, some say it is for older generation and not worth it. Hopefully more of HPC members can enlighten? 7. Old Town => Very strategic location .But tremendously overpriced. North worth money if you can please give other options/view/postcode for me to look into, that would be very kind.
  11. what the.. !! £3250 per month for rent? I hope it is £325 !!
  12. yuck. what a crap house. London/Reading/Oxford, these three places houses should be reduced by atleast 60% to make it atleast near affordable
  13. he doesn't understand how much s88t he is in he won't have money to pay that much captial gains tax by 2020
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