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dragging boot straps

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Everything posted by dragging boot straps

  1. Hi all, I think this should either be renamed to a cryptocurrency thread or XRP should have an individual one if we are going to discuss that here.
  2. I felt like XRP deserves an individual thread as Bitcoin has self combusted. Primarily due to transaction times, fees and no one using it as a currency. The one being used by banks and with low transaction fees (thousandth of a pence) and settlement time of 4 seconds is XRP. It has made a real stir in the crypto world. It is expected by me to become the world's next reserve currency and if you want to know more then look here: https://ripple.com/xrp/ Also this year the price has gone up from $0.006 to over $1 today. Anyway I believe we`ll all be using XRP in the years to come so let's see what happens.....
  3. Tip of the iceberg youngster on me and my money. She seems to get it, skip to the housing part: http://www.thisismoney.co.uk/money/meandmymoney/article-4569056/Stop-propping-oil-firms-says-Springwatch-star.html
  4. People renting out a room for a lodger on a short term basis are not really the problem relating to Airbnb. The gains for HMRC will be so small that it will prove hardly worth focussing on. Meantime I have noted a sharp increase in houses/flats in Manchester being used solely for Airbnb purposes. For me the UK as a whole has some significant gaps in legislation relating to how the councils can react to this. Using a property for Airbnb purposes DOES NOT count as a change of use for a premises under present legislation, nor are there limitations on whether the owner has to be present or limitations on how often a property can be used in this fashion over the course of the year. Recently, in London, the Deregulation Bill has been discussed and sits with the Lords awaiting approval. In this bill London is limiting Airbnb/short term lets to a maximum of 3 months per year. The downsides to Airbnb are quite significant particularly in relation to the number of long term residences remaining available for locals to buy, impact on the hospitality industry and indeed nuisance issues. For example in relation to nuisance issues a house near me was able to change from a 3 bedroom house into an Airbnb residence with the potential for an UNLIMITED number of people to reside there temporarily. I have noted myself up to 8 people in there at any one time. This is clearly going to lead to problems. Having contacted Manchester City Council Planning department then I find that they are powerless under present regulation, fortunately I became aware that the building was leasehold and shut it down through that means. I can see Airbnb getting similar maximum limitations imposed in cities other than in London quite soon due to the issues mentioned above.
  5. A single 18 yo WAS getting paid to remain in their house but from 2018 won't. Back to being fair. Every little helps no? I`m all for death by a thousand cuts!
  6. Hello everyone. I listened to the budget intently and was very impressed overall. In particular I noticed the changing of SMI from a benefit to a loan from 2018 and thought about the frequent occasions that SMI was complained about on here.......... and then no thread! Your Standards really are slipping HPCers! SMI costs approx £500million a year and so will amount to a significant cut for those who should really sell their house as it is no longer commensurate with the living standards they can afford. I`m really starting to like the Conservatives and may even vote for them next time out! Summary of SMI as it stands..... If you qualify for Support for Mortgage Interest (SMI), you’ll get help paying the interest on up to £200,000 of your loan or mortgage. If you’re getting pension credit this figure is £100,000. How SMI is paidSMI is normally paid direct to your lender after a waiting period, which is 13 weeks after you’ve claimed benefit. The standard interest rate used to calculate SMI is 3.12%. What’s not includedSMI can’t help you pay: the amount you borrowed - only the interest on your mortgage anything towards insurance policies you have missed mortgage payments (arrears) Further Links http://www.mortgagefinancegazette.com/arrears/budget-smi-to-become-a-loan-not-a-benefit/ Mentioned as far back as Mar 2014 : http://www.thisismoney.co.uk/money/mortgageshome/article-2569205/Is-DWP-planning-SMI.html
  7. Durham born, interesting post. Could you contact me private to discuss further.
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