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plummet expert

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Everything posted by plummet expert

  1. He does think we are thick. He is nothing more than a man set on trying to win the next election. No thought for the future, the price of living under a roof, the competitiveness f the economy and the pressure on wages and inflation to keep up. It is actually really selfish. He will regret it and will be seen for the idiot he obviously is. The Conservatives are no better than Labour. The 'growth' based on ultra low and mad interest rates, together with crazy oublic borrowing - itself at likely unsustainable rates and building an unpayable national debt - is going to turn out illusory as usual. This country has no one with any vision, balls or even common sense for the future. No long term thoughts in their heads. Really disheartening.
  2. Definitely asking price increases and a few actual increases, but patchy - some homes are coming on and some months or weeks later being reduced. Lots just sitting there. Still homes that are in the right place at the right price sell fast - some new ones going, but I suspect more slowly than developers wish to pretend. The help to buy scheme can't help if your income multiple wont let you buy something for £375-500k which should be about £240-300k - http://www.rightmove.co.uk/developer/branch/Barratt-Homes/The-Fieldings-93880.html
  3. History will reflect on the extraordinary lengths the Western economies went to just to keep the whole balloon inflated. History won't be kind if it all pops with even worse consequences than having simply 'got on with the pain' post 2008 then follow. It is just as incredible just how long this financial theatre show is playing out. Are we on Act iii of V yet? Or is it still Act ii ?
  4. These games do happen. offer what you want to pay and no more.
  5. Because no one else has made a better offer? You cannot believe EA's. They may or may not be telling the truth about any price or offer.
  6. The cost of cheque clearing is simple overcharging - an outrage. I should ask where you signed for it. If its in small print somewhere inconspicuous it may well fall foul of the Unfair Contract Terms Act. See Citizens Advice! Point 2. Why id the Landlord having to give 'the rest of the money' to the agent. A deposit should have been placed in the Deposit Scheme BY LAW. If that's been done wrong tell them you will report if all not returned and you dont expect to be charged for the cheque clearing either.
  7. The 'tools other than interest rates' he refers to are lending rules - thse common sense things - 'you can have up to 2.25 your income sir'......At present it is still 4x without batting an eyelid.... WHY OH WHY? IT IS MADNESS. It is causing house prices to fit the lending multiples plus deposit and on two incomes aswell.
  8. Rents did squeeze up in 20011-12 in SUSSEX but have stabilised and possibly siftening since people are buying a little more - 10% yes, in the last 4 yrs.
  9. The top 10% of earners are £50k pa and above. It's surprising. An income of £50k will barely buy a 2 up 2 down in the South. That's on 4 x income. In fact many 2 bed homes are £250k and above in Sussex. Homes you can hardly swing a cat in.
  10. The keywords are 'Affordable Housing'. There is very little in the UK and virtually none in the South. The Coalition are masters of their own idiocy in causing the housing market to stay anchored in cuckoo land. This is then followed by the 'Help to buy' schemes which have nothing to do with helping anyone to buy at an 'affordable' price - just all about having nearly no interest rate payment on a massive loan dreamt up in Fairy Land so the Conservatives can say there is a GROWING ECONOMY!! Where is the rebalancing of the economy? They would have had a more balanced and growing economy by now if rates had returned to near normal and house prices had fallen gently but persistently. It would have been better to find ourselves helping people who had bought at the last couple of years of 'top' than paying all this extra HB for ever and ever. There is NO COMMON SENSE in British Politics right now. Labour have no clue either. They are all so afraid of the truth and a long term policy. They can't see that our international competitiveness is severely damaged by high living costs. Frankly it is blindingly obvious. SAD
  11. I doubt its a rend at the moment. At any given time there are homes having price adjustments. There are some in Sussex which have dropped £30k or more in recent weeks, but overall you can see more house sale activity and probably the beginning of rising prices here and there. There is a bit of hype in the news because more FTB are back. How long for at these prices and with falling real wages is anybodys guess. You would need a minimum 10 x average uk wages to buy a 3 bed semi in most of Sussex.
  12. Yes, that's the point - the cost of living in Britain was massively less even allowing for inflation generally - these programmes can mislead because the relative price of goods can change a great deal over 70 yrs. Chicken was very expensive while beef was the cheap meat back then. You cannot just fast foward and apply inflation to it. Wages would have been a lot lower then too!
  13. It's all about old mud. Land prices are rising because of Govt policies - so many policy errors that yet again we are heading towards an unsustainable period of phoney growth with consequences. There are real signs down south that the speed of house sales is actually frighteningly fast in some cases. Its not a good sign - not when nothing has been done to sort out social housing; wages are often stagnant or falling AND borrowing multiples are rising.
  14. The problems are coming by a persistent fall in living standards due to wage freezes, or cuts, or lack of job security and rising food prices- plus nil hours contracts. Problems with enormous delays in benefits for people going in and out of short term employment - problems with incredibly low wages for the vast majority of ordinary jobs and ENORMOUS INCREASING RENTS DUE TO THE SUPPLY CRISIS AND MASSIVE HOUSE PRICES. Our housing costs are making a large number of people poor - now Osborne is following his moronic housing pump prime for the next election policy, it's getting worse. He might find less popular support for this policy than he thought out there come 2015. It's not going to rebalance the economy either - the reverse. Banks and lending policy need proper regulation - not people. Funny how all the talk of enforcing a sensible lending policy has disappeared. Hard working families as well as those on benefits being required to stump up for the bedroom tax are finding ends not meeting. Most people cannot move to avoid it because actually there isn't anywhere to go. If they swapped with others needing extra room - fine. So often there are children and schools to consider and they can't move away - catchment rules etc.
  15. It's a great shame. Houses area actually well above the price level reached when the Property market burst in 1989-91. There is no doubt that this govt wants to change the laws of economics. Mark Carney is the gravest threat to long term balanced growth. He is simply encouraging unbalanced growth fuelled by borrowing and asset pumping - mainly property. It was this Govts mantra that they would 'rebalance the economy.' They are far from doing that although it did begin...before rediculous house stimulus policies were put in place. We will all pay for this. The generation of rent will have to grow and be very angry they could not buy or even live as their parents did. It is all wrong. Savers are being shafted and effectively taxed by punitively low returns. Pensioners are being fleeced; those saving for a pension or expecting one soon are being fleeced; those want to buy a home are being fleeced. The fact that rates are so low is NOT the answer. The fact that a mortgage may be serviceable is no answer either. On any measure of price comparison, this bubble never properly deflated. The lax control on lending is still present. Our Govt and now Mr Carney are all clueless. This Osborn led housing measure mess, is nothing more than a cynical effort to buy votes. It will backfire medium term.
  16. That's ok. If the LL did not instruct for the S21 notice to be served (as I now understand is the case) then IMO it is a sham and for deriving fees only. Your friend should refuse to pay the the agent and offer the rent as usual - if refused ask for the address of LL or his bank details to pay it direct - tee hee!
  17. I am a lawyer, so you can check this out: There is provision in law for an ASSURED SHORTHOLD CONTRACT to become a periodic assured shorthold automatically. It does this by neither side doing anything and the rent being accepted after the fixed term has expired. Unfortunately, as rental agencies want to charge fees every 6 months to tenants and Landlords, they are trying to cause a 'rollover' periodic tenancy to be unavailable. That is why they start saying things which are plainly untrue. They have deliberately served a S21 notice to circumvent the legislation's purpose. A periodic AST still gives the right for LL to serve 2 months notice and the T one months notice. If your friend is being offered a new tenancy, then that is tantamount to the admission the S21 notice is nothing but a device for the agent to collect fees. I would ask for a copy of the LL written instruction to serve him with a S21 notice. Query why it was done if a new tenancy is being offered. It cannot be just to put up the rent either, as that can be done by other notice within the same Tenancy. What we need is a brave T to refuse to sign a new agreement in these circs, then refuse to move out in response to the S21 notice stating it is a sham - and offer to pay the rent each month (keeping it for later payment if refused by the agent). If brought to Court, then all correspondence and answers to the Q's I pose should be made available to the Court. If the Court decided the S21 Notice was a sham and device to justify fees, then it would be the case that a periodic Tenancy had been created under the legislation. The Agent may not be acting on the LL instructions, strictly speaking, and probably only interested in their fee. That's why u have heard about regulating these agencies - they do need to make some money to be there atall of course! Lots of T's are very time consuming and tiresome. Lot's of LL's do nothing to maintain premises. Your friend should take his own legal advice as this is just a website.
  18. I have every sympathy with the post! The latest policy to prevent property falling to a sensible price is the 'Help To Buy' Scheme. It has been described as 'moronic' by the head of Societe General. I agree with him! But, yet again our idiot politicians who only have an eye on the next election, have to pump up the property market - which never really corrected. The pump up began when houses were, after a slight fall, still on average at the price reached ( adjusted) in 1988 when they crashed good and proper. No one - NO ONE - who takes out a 4x inc mortgage today could possibly pay it if rates returned to 7 or 8 % base. Lots of people are only surviving because of these very low rates - and all at the expense of savers who now get negative returns. It's so wrong and damaging - it will damage our long term competitiveness because people need to ern such a lot just to put a roof over their heads. :angry:
  19. The fear propaganda has begun. The vested interests are busy priming. pre-EU unemployment = 1 million. After 41 yrs being in it = 2.45 million. They only have one argument and that is fear of losing out with either investment or jobs. All of it is pure baloney. Nobody will stop a full trade agreement being in place so the Eu can carry on sending us 60% of our imports in exchange for only 40% of our exports. If you said to the average member of public, "so long as you can carry on trading with Europe, would you prefer to come out and avoid being opart of the United States of Europe?" A large majority would say, lets leave. BRITISH POLITICS IS BROKEN OVER THE EU. BOTH LABOUR AND CONS HAVE HALF THEIR PARTY FOR AND AGAINST.
  20. we have shopped in a number of supermarkets with exactly the same list of weeks shopping to see price, quality and therefore value comparison. We set off thinking Morrisons may be cheaper than Tesco - it wasn't - about 2.5% more than Tesco. Sainsburys was about 1.5% more but a few products like meat were a little better overall - but fish much more than tescos and no quality difference. Lidl and Aldi are hard to compare. They both have some quality products but others are certainly not good. We could not buy everything there so comparison is difficult . On the products we could buy, they were a mixed bad of very good to poor. In all not much difference in price for a basket to tesco - although some very good like jam (and lobster - but not in my basket) . Waitrose was a good deal more unless you buy all 'basic' products. Some very good quality though. About 4% more than Sainsburys. The main attraction of Tesco is the reward scheme which does produce worthwhile gifts - I buy petrol, phones and about 50% of of our annual food there - using their credit card for points in other shops too - set to pay off each month - we get £500+ of restaurant/day out tickets etc for nothing on top. The Sainsbury Nectar card produces about £60 worth of spend a yr by comparison, although I dont buy more than 25% of our petrol there. So there it is - you take a choice and all of it has pros and cons.
  21. I don't think you understand Farage atall if you say that! He is no racist in any way. In fact the comment that you cannot discuss immigration easily without someone deciding to speak in the way you are is proved true. The party called UKIP believ that we should have borders and not allow anyone to arrive here from EU countries - they should be subject to the same requirements of Americans, Austrakians, canadians or indeed anyone else. We are the second most populated country on earth and cannot absorb endless people. I don't find people are racist in this country - just concerned about space, resources etc.
  22. The arrogant govts of Europe are not seeing the erupting south creeping north Euro crisis. UKIP is not just a filler of political vacuum; it is actually reflecting a large % of peoples real views. In this case, the Tories have failed to be Tory, the LibDems have just failed, period. There is no confidence in any old mainstream party. Therefore it is possible to see a change in British politics emerge. Otherwise we are heading towards a hung parliament again. I suspect the British public may not actually bring themselves to vote for Ed Milliband in large enough numbers when they actually have the pencil in their hands.
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