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About ursa

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    HPC Newbie
  1. My parents taught me the value of hard work and self-reliance. If, by the time I reach 50, I have been unable to make my own place in the world I shouldn't feel entitled to an unearned windfall. But equally, I work hard and save so that I can offer any offspring the best possible start in life (at the risk that that spoils them). That's the conflict.
  2. It's income from the perspective of the estate owner, but to the inheritor it's unearned wealth, which like capital gains is unearned wealth, and unearned wealth should have the shit taxed out of it. Having said that I'm deeply conflicted on this issue. I think it's on the grounds of feasibility, a general objection to state interference into private affairs, and the left as usual being unable to understand the motivations and incentives that drive human beings. The better solution as always would be reduction/cessation of income tax and the implementation of Land Value Tax.
  3. National Residential are basically like an ebay for selling property, so they set the initial 'asking' prices unrealistically low to generate interest. I was drawn in to a flat in SE4 asking £200k that ended going for £256k (and probably would have been more but they ended the auction early.)
  4. In any normal context I'd say it sounds completely absurd, but welcome to modern London. Any more details, what type of property, whereabouts in Hackney, lease remaining, etc...?
  5. Very appropriate, isn't the legend that the only ones who get rich from the gold rush are the shovel sellers?
  6. Sent this to my local LD candidate, I'm in one of the safest labour seats in the country so it doesn't really mean anything but anyway. I've never felt compelled to write to a pol before. "I've been a Lib Dem supporter for over a decade now, following what I think is the fairly common path of disaffection with the 'left' as represented by Labour about the time of the Iraq invasion. I've agreed with the party's stance on civil liberties, deficit reduction, and I've even defended the principle of student fees. In a sense I think there's a strong libertarian streak in me that is appalled by the
  7. Hey guys, don't forget we've also got this where all the general BBC paranoia can be filed, so we don't get these boring bi-weekly threads: http://www.housepricecrash.co.uk/forum/index.php?/topic/200349-the-big-bbc-bias-thread-merged/ Or the other 23,400 threads on the subject https://www.google.co.uk/search?q=bbc+bias+housepricecrash&ie=utf-8&oe=utf-8&gws_rd=cr&ei=bX_PVLWPFOKR7Aa20oHgDg#q=bbc+site:housepricecrash.co.uk
  8. The idea is that you repoint the mortar when it gets to that sort of state--it's meant to a sacrificial element to protect the brick. And people generally underestimate, or just ignore the fact that all buildings need periodic maintenance. Lime mortar (ie the type they used to use) is an incredibly clever material, and perfectly suited to holding bricks together. It's breathable and hygroscopic, and the fact that it never truly 'cures' means that it rests and 'melts' back together when buildings settle over time. Compare this with cement mortar used today--incredibly tough, but unfortunately h
  9. Usual DM misrepresentation and outrage. Extension isn't "built without planning permission", it was applied for and granted. Chap then builds the rear roof slightly higher and with a gable rather than ridge. The footprint, layout and arrangement don't differ substantially from the consented drawings (there's a shoddy picture reproduction in the story but all planning apps are amatter of public record and you can view them online if you wish to do so). This is a nothing story, typical sad faces of wronged readers stuff, I'd put money on it being a neighbourly dispute that has escalated, hence
  10. Me too. "spam or misleading--->mass advertising" seems to describe it perfectly.
  11. Thanks. Architecture is not as well paid as most people think, and the long training means you can reach your career development is behind most of your peers'. I'm 32 but only qualified 18 months ago, and I make 33k. I take your point about market distortion but still think it's only a small part of the picture. If as most BTLers do, you have a big deposit, you mortgage costs are going to be easily covered by rents attainable. Let's say you buy a 200k one bed or studio, like the ones I've been looking at, with 50% down. Your 100k is going to cost you £500, even allowing for broken boilers and
  12. Not really. Went down to see a place on Saturday, seemed like a fairly anonymous place, lively-ish town centre with standard issue chain shopping, nice housing stock dotted around. Mate who grew up there has just bought a place and likes it, conversely my boss who also grew up there hated it and thought i'd probably feel pretty isolated. But there's pretty good transport links, I got a train from Bromley South which got me into Victoria in about 15 minutes. Not terribly informative HPC thread: http://www.housepricecrash.co.uk/forum/index.php?showtopic=189443 Suggest you go down and check it
  13. Here are a few on Rightmove. With an offer of 10-15% under asking they would be places I could live. Admittedly I haven't viewed any of them. http://www.rightmove.co.uk/property-for-sale/property-38765419.html http://www.rightmove.co.uk/property-for-sale/property-22803219.html http://www.rightmove.co.uk/property-for-sale/property-37641523.html
  14. Thank you all for your comments. Wisdom of crowds seems to be saying 'don't do it', but that's largely what I was expecting (and hoping) from posting. Just to be clear, the BOMAD money is a loan—he's said he'll begin to want it back in about 10 years, so I don't really feel guilty about that. If things go t1ts up then I'm still on the hook for it. He's charging me 2% interest, and in classic HPC boomer-bash rhetoric, he's been the recipient of 25 years of HPI. He bought our last house in 1986 for 80k, and sold it last year for 400k. I don’t see it as a sacrifice in those terms, any more tha
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