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danlee74

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Everything posted by danlee74

  1. Yeh, I saw that too ... ex-deputy governer Sir Charles Bean ... annoyingly she kept cutting him off as he was making good points like "yes, not good for borrowers but benefits savers" and the point you have already highlighted when she asked "should the government bail households out" he said "that would be pushing things too far" ... interesting times.
  2. +1. And David Cameron and George Osborne decided to keep the debt party going too.
  3. Hopefully something along those lines. Once houses I am looking at fall from £300k-ish to £200k-ish then I am in. I still think that is overpaying by all historical standards but I need to finally get out of rented.
  4. 111% agreed (I put on an extra 1% against Mike above as the BoE will be doing later to equalise our base rate to the US).
  5. Still going down ... could it end the day +4c down:
  6. I thought house ownership was something along the lines of 1/3 owner occupied without mortgage, 1/3 rented, 1/3 bank owned via mortgages? I am sure I read that somewhere?! So 1/3 have no debt against their pile of bricks, 1/3 can sit on their own thumb and swivel as far as I am concerned (scumlords) and I hope they are taught a valuable lesson about denying affordable housing to others, and the 1/3 with mortgages most of which would be far, far in to their 25 years repayment so I would guess that only those who have stretched in the past 5 years would be in financial danger so 1/3 * 5/25 equals about 6%, although I would expect that to be the higher end. I'd also argue that in this ridiculously low interest rate climate if you have not been making overpayments to get your debts down as far and as fast as possible then you, along with the scumlords, need to be taught a financial lesson. This low rate economy could not last forever, they have had it good for 15 years now ... it is now time to pay the piper.
  7. Can we not pay for imported stuff with overpriced houses?
  8. Company I work for is currently installing software and training it to receive invoices via email and post it to our accounting system automatically. Also system should receive our bank statement and automatically post it to the correct nominal. All the accounting employee needs to do is to check and correct any "errors" and the manager needs to authorise the imported invoices. I put the management accounts together and review them, I can see a time when the system will have developed further and I will be less busy!
  9. I guess that this was a 'wish' question and not an actual question that was asked?!
  10. Would be great if this happens, but I would be surprised if any rise was above the "tried and tested safe enough not to break the housing market but enough to look like they are doing something" 0.5%.
  11. How fantastic would that be, imagine the debtards faces?! But I would guess at 0.5% as well.
  12. +1 ... hope there is plenty of scumlord screaming and enough pain seen and heard to put "property investment" as a 'job' in the bin for more than a few generations. BTL is a cancer on society.
  13. So much rubbish in there I cannot be bothered to argue any more. Half a million unoccupied properties is not the same as 5.2 million being second home owners as was reported in Aug 2017. I have done my own research. If you think that only 1 bedroomed flats have been built then I cannot help you. I just know that Wimborne where I actually grew up has had hundreds if not thousands of new build family properties, look it up if you can be bothered. I have a friend who lives in a Purbeck village with about 30 properties of which only 2 are lived in all year round. Multiply that across the country and you will see the actual problem. There is no property shortage. There is a massive existing resource misallocation.
  14. It is disgusting what some rich are allowed to do to deny others affordable and secure housing. It is a cancer on society and the sooner a mainstream political party gets to grip with the actual problem the better.
  15. No, we don't. Get under- and unoccupied properties fully utilised and the problem is solved. For decades the number of properties per population has not changed. Do your own research, as I have.
  16. Yeh, millions of properties being forced onto the market wouldn't have that much effect, would it? https://www.theguardian.com/money/2017/aug/19/second-home-ownership-up-30-since-2000-research-finds (Aug 2017 figures, I'd bet good money that even more houses are now owned by opportunity deniers now).
  17. Not going full extreme on anybody, I am just skeptical as to the full story. 17 years of living and paying, how on Earth have they not got a decent level of equity by now? If as suggested above their rate and payments reduced at times (they must have since 2005, surely?) then why weren't they making overpayments to lessen the outstanding debt? I always expect, probably incorrectly given the seemingly YOLO mantra of today's adults, that first you pay back debts before spending on discretionaries, within reason (i.e. still live your life and enjoy the occasional treat but cut back on new cars, holidays, personal grooming expenses etc). Is there evidence to suggest that this 250k did that, or is there evidence that suggests that they have been living a champagne lifestyle on a lemonade budget?
  18. Return to parents? Rent the cheapest she can? Slum it in a HMO? Something doesn't smell right about any of these mortgagees ... 17 years of paying a mortgage as house prices have risen should give some breathing room unless something daft has been going on.
  19. So 2 persons extra for each new property (300k / 150k) per annum. Big whoop.
  20. You state that not enough property has been built. Facts are that there has been plenty of property built to house the increased population but many of them have been bought by rich people for selfish reasons either profit or an occasional weekend bolthole a few times per year but there is enough property, just in the wrong hands for the wrong reasons. I state that if multiple house ownership was properly taxed as the societal ill that it is then the housing 'crisis' could be solved overnight without building on any NIMBY green belt (for another argument). The VI's know this so they do not want to enact the necessary policies. Property "investment" for profit is a cancer on society. I live in Bournemouth, over 7,000 reported empty properties according to research reported on in CityAM recently and countless underutilised second/airbnb's but the average property price to average income is around 14x. It does not mean that there is not enough property, it means that the available property is in the wrong hands foir the wrong reasons.
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