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House Price Crash Forum

Diver Dan

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Posts posted by Diver Dan

  1. 19 hours ago, Patient London FTB said:

    We already have a tax on foreign buyers in the form of the 3% additional stamp duty for second homes (you pay it if you already own a home anywhere else in the world, which the majority of foreign buyers will do). 

    How can they possibly know for sure that somebody doesn't own a property elsewhere in the world? It surely relies on people being honest with their conveyancing solicitor. 

  2. 11 hours ago, Saving For a Space Ship said:

    So hard working folks were robbed of $200k their saving by Wall st, had to give up the house, then exploited by Amazon for a lowly $11.75 / hr for gruelling warehouse work ( well documented ) as transient low cost workers camper van livers 

     

    The winter van living tips really took the biscuit 

     

    The free pain-killers doled out by Amazon sound scary.

  3. 16 hours ago, Oily said:

    I think you're right!

     

    I think some sort of 'Bull Trap' (See the lifecycle of a bubble) would be a fair assessment of the current state of play.

    The argument that one person I know made is that if interest rates (central or mortgage) go up, the amount you would save by waiting while paying rent would be less than buying now and benefiting from low mortgage interest and no tent payments. I'm not sure I agree but I can see it being a reason for 2015 price-10k to seem like an attractive deal.

  4. 3 hours ago, shortbread said:

    Spoke to someone working with RBS Home Loans, says there's a lot of difference between buyers and sellers at the moment. Many sellers who can afford their mortgages prefer to wait it out for a better price!

    Also the general public have very little visibility of actual selling prices as compared to what's on sites like ASPC! 

    I guess if you bought your flat/house years ago under right to buy or before hpi+++and didn't MEW as much as you could have, you could probably wait almost indefinitely at current asking prices.

  5. 22 hours ago, shortbread said:

    10 more to reach the 5,500 Milestone on ASPC!!

    I'd love to know the reasoning behind the prices that of properties that are currently coming in the market. They all seem to be appearing with similarly unattractive prices to similar places nearby which also haven't sold yet, so why do they think theirs will achieve what their neighbours have clearly failed to do - that is to sell.

     

  6. 17 minutes ago, shortbread said:

    With the city's rents falling every passing month, all the best trying to entice prospective tenants in moving to Torry!

    Hopefully it will get to a point where it will be economically viable to merge adjacent tenement flats together to create larger spaces.

    If a single 70m2 flat still costs less than two 35m2 ones, plus the renovation costs, that still isn't the case yet.

  7. 2 hours ago, shackleford said:

    Okay, I'll have a shot.  On the Future Property Auctions website there are a suspicious number of flats (a job lot?) in Torry "sold with sitting tenant...... you could achieve 9-10% gross yield".  It'll be interesting to see if anyone plunges in on those.  I suspect not.  These "sitting tenants" could be in the last month of their lease with no intention of renewing or at least with the intention of requesting a massive reduction.  

    And isn't it weird that the fortunes of our fitba team seem to be inversely proportionate to the health of the dominant local industry?  

    That's all I got.  Sorry.  

    Blurb like that is an obvious red-flag. If it's such a great investment opportunity, why are you selling it?

    As for AFC, perhaps their current run of good luck is because they're  excited about getting a new stadium.

  8. 1 hour ago, TheCountOfNowhere said:

    Have you seen those locker auction type program where they all bid silly money for a heap of sh*t.

     

    Now and again someone will just try and push up the price to annoy the other bidders, because they can and can afford it.

    Always good to see when they get stuck with it.

    For as long as I can remember, house prices have been whizzing past what i would consider to be fair and reasonable values often purchased as a btl or a seldom-visited holiday home.

    Maybe it's a form of catharsis when somebody (several boomer relatives) gets stuck with a house that they can't sell or rent out and is costing them a fortune for it not to fall apart.

  9. 1 hour ago, fru-gal said:

    I think a lot of people have seen the politicians saying one thing and doing another and they just think "if I can't beat them, I'll join them". Even on this forum you see members saying they are going to jack it and work minimum hours to not go over the tax threshold, even Durhamborn has said this. Can't blame them when the system is so stacked against anyone trying to do the "right thing". 

    The system as designed seems to fail to differentiate between those who can't work hard and those who won't.

    A friend of mine (from a British Overseas Territory, works a 9-5 + overtime, single, massive student loan payments to a bank back home, above benefits thresholds etc) had his appendix out at the weekend and was told that he is not to go back to his office job for two weeks. His work say that he's only entitled to statutory sick pay of £89.35 per week. No help with his rent or anything. He's facing the decision to defy medical advice and struggle into work and risk complications or staying at home and going into debt.

    I'm feeling very cross about the excessive benefits provisions for some but when others need help, they get not much more than a token gesture.

  10. 47 minutes ago, Riedquat said:

    The Mock Tudor bit might be a bit cheesy but at least it isn't as dreadfully ugly as most modern buildings, doesn't look too bad from the outside. Fully agree with the earlier poster about the lack of character in the interior, but even that's better than the ghastly overcompensation they've done with the furnishings, that one's just laughable. Give me the twigs over that.

    French rococo would be a fine choice in a Loire Valley chateau, but in an English (mock) Tudor mansion, it sticks out like a sore thumb.

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