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Diver Dan

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Posts posted by Diver Dan

  1. The very slight growth in price since 2009 is really only keeping pace with general earnings growth. I feel sorry for the people of Bristol, London etc. I bet their wages haven't shot up by an extra 70% since then.

    ASPC at 5260 for sale, 755 for rent.

    Citylets at 1234 for rent.

    I'm seeing a lot of larger family sized houses coming on ASPC at the moment, in the £300k+ bracket. There seems to be very little at the 1 and 2 bed level that isn't either horrible, overpriced or both, any exceptions go under offer within a few weeks.

  2. 1 hour ago, The Spaniard said:

    I think the £7,500 limit is per property.

    https://www.moneyadviceservice.org.uk/en/articles/rent-a-room-scheme-how-it-works-and-tax-rules

    In practice I would guess that the going rate for a room in a Hendon flat is less than £7,500 p.a. (?)

    Wouldn't put it past some people though, lodger pays each 'landlord' their rent in turn on alternate months or half and the revenue is none the wiser.

  3. 17 minutes ago, Fence said:

    That's rubbish.  If it says it's free then it's free.  Bl**dy boomers could all use their posh cars from all their house gains and stuff but, as usual, can't turn down another free lunch.  It's a habit honed after decades of practice.  Compulsive freeloaders.

    It's free at the point of use for the concession card holder. It really gets (often very) ugly when they turn up without a valud card and expect a free ride. Or they turn up with somebody else's card and expect that to be accepted and not confiscated and a full adult fare charged.

  4. I was taking a shortcut through a Kia garage forecourt the other day, I couldn't believe the number of fairly modest looking cars with sticker prices above £25k. For a poxy Kia!

    I guess if you're only paying for the 'initial rental', the first three years of depreciation plus the finance company and dealer's profit margin, it makes sense for the seller to have the "price" of the car as high as possible because nobody actually spends that amount on a car, certainly not a poxy Kia.

  5. I spoke to one of the manager's about a possible route which I think might be popular with commuters, making use of a new road and linking directly between two towns which currently would require an intermediate stop and change of bus. He said it sounded interesting but we don't have the staff or vehicles to do it currently and that getting them might be tricky. Basically, the company gets enough money from its heavily used urban, suburban and intercity routes and its heavily subsidised rural ones, that there's little incentive to innovate.

  6. 4 minutes ago, Si1 said:

    Using free bus passes

    The bus pass doesn't mean the journey is free. It just means that the local council pays 60% of the standard adult fare on your behalf. It basically ensures that the bus company keeps its standard adult fares as high as possible which has an obvious deterrent effect on casual users.

  7. 8 hours ago, CGS said:

    These type of investments are based on decades of +ve projected economics.

    Aberdeen is wounded but healing - speak to any taxi driver for an indicator of the cities health.

    It probably doesnt take that much investment to set up a car showroom and repair centre. There are loads of likely looking sites all over the town. Besides, the other 'high-end' garages always seem to have dozens of unsold stock parked in front.

    Edit to add: Just because the 1%/Aston-Martin owning classes are doing very for themselves doesn't say very much one way or the other about the general economy.

    With regards to taxis, I believe that any increase in trade is more likely to be as a result of survivor bias as a lot of drivers left the business  (to less lucrative but steadier professions, retirement or emigration) over the last few years leaving more trade for trade for those that remained.

  8. 20 minutes ago, thewig said:

    except its not their home, its some other poor b*stards

    the DEBT though is entirely theirs

    hope these cretins burn

     

    I take your point.

    However, I'm willing to bet it"a mostly the "wing and a prayer" non-incorporated accidental/amateur landlords who are struggling most. If their BTL empire goes down, there's a real chance their main house will go with it.

  9. Not really mortgage mis-selling but related:

    After having a trawl through the local property listings, I was struck by the number of descriptions which had things like "ideal buy-to-let opportunity", usually in places that would be lucky to buy you a round of drinks with your annual profit.

    Could an EA describing somewhere as a good BTL be taken as financial advice and thus make the EA liable for mis-selling if/when it all goes pear-shaped for the hapless buyer?

  10. 1 hour ago, nightowl said:

    and 70% 'on the job'...ie learning to do what I already do instructed by myself :blink:

    I was in a really badly paid data-entry type job when I was much younger and they offered NVQ training in data-entry, basically you'd have to write down what you'd been doing anyway and get it signed off by a manager. I was halfway through my notice to leave for better things anyway when this was introduced, so couldn't have taken part even if I'd wanted to. It does give you an idea of the ridiculous bits of paper that are "qualifications" though.

  11. Never mind Hometrack. Here are some genuine ASPC Q4 Stats

    Quote

    Comment by John MacRae

    The first three quarters of 2017 gave some cause for guarded optimism that perhaps the bottom of our market had been reached in 2016 and, while things were certainly not improving quickly, there had been a slight increase in both volume of sales and total value of sales during the year

    The fourth quarter of 2017 (traditionally, the worst quarter in each year) does show that, despite earlier improvement in 2017, the local market is still at a comparatively low level of activity.
    Overall, however, 2017 saw increased activity compared to the previous year - the figures for total number of sales in 2017 was higher, an increase of 6% compared to 2016. In addition the average value of property sold during 2017 increased by 1%. The increase in volume is the significant matter, I am not expecting much in the way of increase in price for some time yet.

    The national economic background is improving and our local economic background is also showing improvement. There have been, in the last few months, one or two  encouraging reports of increased investment by operators in the North Sea and oil prices have risen. The small improvement, in our local housing market, shown throughout 2017, may grow into something slightly more significant in 2018. There are some signs, at practitioner level, indicating that there is a reasonable prospect that the worst may be behind us. Any improvement will be modest and may take several years. 

    Sellers will need to be realistic for price achieved but will equally be able to purchase at more realistic prices too.[/quote]

    (My emphasis)

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