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Guest_James Toney_*

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Posts posted by Guest_James Toney_*

  1. Yeah, you could make yourself king of the world and decide who lives and who dies.

    you not think it is a good idea, do you like the fact that they produce kids and watch them starve? personally i would think this would have to be the first thing they stopped.

    i only had one child because i knew i could not afford to have more.

    and yes king of the world sounds great. i would star with a HPC :)

  2. Yes I had that "the government won't let them crash" conversation a few times. It's becoming such an orthodoxy now I'm wondering whether it's actually true or no big event has happened to test it.

    to be honest i thought there would be nothing they could do to stop a HPC this was about 2008 when prices started falling, i thought by 2012 would have been able to buy and a HPC would have happened, it has still not really happened, so unless it starts now and we have IR back to 5% soon then realistically think it will be a few % falls per year for 10 years. i cant wait that long as i am too old.

  3. Heard in the Lake District (conversation between 2 women in their seventies) - Holiday homes destroy villages round here; they're empty 8 months of the year and now the last shop in the village is about to close. The village primary school is under threat too but families with young children just can't afford to rent or buy anything around here. People these days just don't have the chances we did.

    it is true people dont have the chances now,

    how many people have put their lives on hold to hope to buy a house, quite a few i know have, really is shocking what has happened to people in this country,

  4. It makes sense to pay claimants their LHA direct to them. The landlord should not be the benefit claimant. It's up to the claimant to be financially responsible, and the landlord to have some risk.

    Not sure I believe landlords can reclaim any payments not made by the tenant from gov without consequence for the tenant.

    For non LHA claimants, should landlords be able to file claims against all employers ensuring rent is paid to them direct out of your monthly wage, before you are paid? No it's the individual's own responsibility and the landlord has some commercial risk.

    landlords can get the money paid direct to them, if the tenant is in arrears over 8 weeks

  5. My housing benefit is paid direct to my so called 'social landlord'. They jacked up the housing benefit eligible service charges by 37% this year. Social pays it like, and the annual RPI inflation busting rent increases!

    I had a bit of a problem having it set up like this. The council wanted to pay me direct, so I had to write a letter to explain why I was vulnerable. I just wrote;

    Dole is very low and not enough to live on, if housing benefit was paid to me direct, there would be a great danger of me spending this moneys on food, perhaps even some heating and clothing appropriate for job interviews. I would then be at risk of becoming homeless. Do not give me the money, I will spend it on food. Yours sincerely, underemployed youth.

    They pay it direct to my landlord.

    i will have to tell my tenants to say this when i start my BTL empire :)

  6. most of my friends have BTL, most with only a couple of houses, and who bought about 2005. the ones with just 1 or 2 or 3 houses are doing just fine, but another with about 18 houses (bought about 2002 so not anywhere near NE) is always saying he is p!$t off with it and wishes he never went to far and got so many , as another poster said it is the greed that gets to them,

    but the ones with just 1 or 2 houses and IMO sitting pretty and was an excellent investment,

  7. I think the first three months of the year will tell us where we are going.

    If a lot of hold up stuff, ie repos, sitting tenants, etc ,etc start going to market we will see falls.

    If not stand off continues.

    I for one have seen enough and will be buying early next year.

    same for me too, i have seen enough now,

  8. BOE to do more QE (not sure how much) making shares rise to give the feeling of some of the people getting richer,

    IR to stay the same throughout the whole year, (possible rise in 2014)

    house prices to to fall 2-5% (same for 2014)

    what i would love to happen....

    IR to rise 1% every month for the whole of 2013 :)

    house price to fall 50% :)

  9. You may joke but this is quite scary. I could get to 2035 and still not have bought a house. Yes I could have spent my life holding off from buying something that should under normal circumstances fall, but due to corrupt government mass meddling in the market never did. All that putting life on hold, and worry and no better off I might as well jion the herd? And by then you are OLD and your life has passed you by.

    It even effects my relationships, as every girl wants to buy a house to nest in. If I do that I will have to leave my cheap rent shared ownership house and buy an overpriced shoe box, then even if I'm not taken for half if it all goes wrong I'll have to buy again at crazy prices.

    Right now then only solution I see is to move abroad to a place that has had the needed property crash

    sadly this is all i can see, think it will be decision time for the future in a few months time,

  10. Got to say that doing the sums, I would end up better off buying than renting and keeping a large sum of cash in the bank. That's assuming I buy a better house than I'm currently renting - if I bought the same kind of place I'm currently renting I'd have change from my savings and a massively better return on the investment.

    I anticipate buying in the New Year.

    good luck with buying sour mash, i too will be looking to buy next year, or moving out of the country, time has just run out for me, so next year is my last year,

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