InlikeFlynn
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Everything posted by InlikeFlynn
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House Prices vs Salaries
InlikeFlynn replied to HPC Pollster's topic in House prices and the economy
dd -
HM House Price stats Jun 2019
InlikeFlynn replied to user not found's topic in House prices and the economy
This is good news - let's hope it continues and accelerates. -
Tiny sample size, therefore lots of statistical noise. These monthly figures are not significant, indeed the Halifax and Nationwide indices are deeply flawed. Try acadadata or the ONS for a more dependable view of the market.
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EA Just told me to wait to buy
InlikeFlynn replied to crazypabs's topic in House prices and the economy
Last proper crash was early 90s.... he would have been a teenager! -
Supersized mortgages are back
InlikeFlynn replied to Pebbles's topic in House prices and the economy
He will probably have a mortgage term of 35 years or more, to get the monthly payment down to comply with MMR rules. Welcome to the new "interest only".... -
Interest Hike Aug 2nd - Will They / Won't They?
InlikeFlynn replied to rantnrave's topic in House prices and the economy
Best news for years. Let's hope more rises follow later this year/early next. -
The Nationwide is an invalid and statistically noisy index.
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I used an online-only fixed fee agent when I sold my house 7 years ago. Worked like a charm. I took all the photos and wrote my own particulars etc. saved 6 grand, however a good agent would probably have got a bit more in the negotiations so it's swings and roundabouts.
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Thanks for this. Clearly lending for both moving and remortgaging is up. Bit of a downer for those of us hoping for a price drop. There's some really interesting data on average income multiples, LTV, affordability etc. on the UKFinance website, from which the article you cite is drawn. https://www.ukfinance.org.uk/winter-blues-beaten-by-best-february-for-homeowner-house-purchases-in-a-decade/
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Two quick facts for the record. 1. Martin Armstrong is a convicted criminal who has spent several years behind bars for conspiracy to commit fraud. He orchestrated a a $3 billion Ponzi scheme through his investment fund, Princeton Economics International. See here and here for details 2. The UK currently pays out only 6% of its tax receipts as debt interest. A large part of this comes straight back to the government as it holds a significant proportion of the public debt from its QE programme, therefore the true figure is even lower. source
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That's very true for most new landlords funding their "investments" with IO mortgages however there are also a lot of "accidental" landlords who have held on to and let their existing flat/house when buying their new home. I'm sure this is one of the main reasons for the lack of market supply. Many of these properties do not have much or any mortgage on them and will have generated a significant income over the years, which has often not been declared. Because these folk are often flying "under the radar" of the HMRC and their lenders, they may well not have configured their affairs in the most tax efficient way so there could be large tax bills to pay.
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Margin Calls On Buy To Let Properties
InlikeFlynn replied to Paddles's topic in House prices and the economy
I wonder if there really is a thesis.... -
Margin Calls On Buy To Let Properties
InlikeFlynn replied to Paddles's topic in House prices and the economy
I'm always slightly suspicious of those that use their PhD title outside their original field. Smacks of self-agrandisement. I wonder if her PhD is real. -
What/who will collapse first in 2018
InlikeFlynn replied to TheCountOfNowhere's topic in House prices and the economy
same could be said of PC World. Their prices for USB sticks etc. are extortionate. -
The Bubbly Bitcoin Thread -- Merged Threads
InlikeFlynn replied to NatterJackToad's topic in House prices and the economy
The CPI figures for December are released on Tuesday (16th). I'll be surprised if CPI starts to come down in the next few months: oil and food prices are rising sharply. I mention this as an aside as I don't want to take the thread off topic. -
The Bubbly Bitcoin Thread -- Merged Threads
InlikeFlynn replied to NatterJackToad's topic in House prices and the economy
Congratulations and well done. You have been wise to hedge your position, locking in a profit but still with the option for further gains. Whatever happens you will sleep well at night. -
The Bubbly Bitcoin Thread -- Merged Threads
InlikeFlynn replied to NatterJackToad's topic in House prices and the economy
are you sure? I haven't spent any bitcoin for a while but it cost me a few quid when I did. -
The Bubbly Bitcoin Thread -- Merged Threads
InlikeFlynn replied to NatterJackToad's topic in House prices and the economy
Ah, you must mean Workington -
The Bubbly Bitcoin Thread -- Merged Threads
InlikeFlynn replied to NatterJackToad's topic in House prices and the economy
Cross-posted from ToS: bitcoin's dark secret is not being discussed. Y axis is transaction cost in dollars. -
The "handyman" is taking the pss. Ridiculous price for a straightforward job.