dkujsbap
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Posts posted by dkujsbap
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mis-read the title and was hoping it was an article stating that only 5% of rentals are PROFITABLE i.e. a reduction in HB would see the stack of cards collapse further
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Interestingly we had a period from around January to May where were were getting around 5 new and 5 reductions a week from ~180-200 properties on market of which 100 were SSTC.
Now we've had about 3 weeks of barely anything. No new ones, no reductions. The new ones that do come on are just with different agents.
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Good way to get the population working longer, too.
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1 hour ago, Armus said:
£2k / month isn’t hard to come by? Isn’t that about the entire take home amount for the median UK salary? In additional mortgage costs alone….
2 people working minimum wage will be bringing in £2.5k a month and you can be sure there's a raft of benefits to top that up. I didn't mean an extra £2k was easy though so apologies for the confusion!
On the median salary, "company directors" on £12k a year and salary sacrificers down to £50,269 will be hugely suppressing the actual figures. There's a lot of money out there. Worthless, but a lot of it.
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Going to take years for this to unravel. Are we really going to see repo's with the velocity needed? Let's face it, £2k a month isn't exactly hard to come by unless benefits are completely reigned in. And they'll just have to eat beans and stop buying twigs in vases, but they'll be prisoners. Still not exactly a new house on the market is it.
My preference would be to leave (or have left) the country but alas my wife says no.
So we're buying. Fortunately we're DINK with a hefty deposit and some cash/stocks/crypto left over. If I'm spending £2500 on mortgage payments I hope these all have to as well. Makes me sick thinking I'm crystallising gains for someone like this.
But I just can't see how this ends in a crash worth anything, the majority are still . These sob stories feel like 1-1000 rather than something that's actually widespread... right?
EDIT: Plus you'd think that being in a relatively strong position would allow us to get building work done when others are presumably pulling out.
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Not really related to house prices, or the economy, is it.
Reported.
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Getting antsy about my mortgage application from when rates were sub-4%.
Feels like they're doing everything they can to find something wrong with the application just so that I have to reapply at 5%.
I'm 65% LTV with the remainder in the bank as well, thought they'd be biting my hand off.
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Single storey extensions are six figures, I think the focus of this forum has been the cost of land for too long.
The actual building has value that has increased too (as long as it's structurally sound)
Not saying this justifies a £400k increase or that it'd be realistic to find a buyer, but there is a rapidly growing intrinsic value for houses that don't require work whereas in previous years doer-uppers were seen as great opportunities.
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57 minutes ago, captainb said:
The headline inflation figure is always a year on year comparison which explains the often conflicting headlines.
So just taking your energy example.
In year 1 price £100 a unit pre war say.
In year 2 price £300 a unit
200% inflation reported
In year 3 price £200 a unit
Deflation of 50% reported despite it being 100% higher than prior to the war or whatever.
Hence inflation will almost certainly come down substially this year but prices for most goods will remain at heavily elevated levels compared to 2021
Worse still year 3 could be £500 and the headline would read "inflation drops by 33%"
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Four pages about something that literally every dutch town or city has had since the 70s. Nothing to do with house prices or the economy. This forum is ridiculous and I can't believe I allowed it to influence ten years of my financial views.
Its about removing polluting speeding cars from residential streets and making them go the long way round if they really have to drive. Nobody in their right mind would ask for their cul-de-sac to become a through route so why there is so much pushback to the opposite is beyond me.
If you can walk it in 15 minutes then it rarely needs a car. If it does need a car, then when everyone else is walking you won't have any traffic to contend with.
Doesnt mean they put you in jail for leaving your imaginary cell 30472
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Of all corners on the Internet you'd have thought this place might identify the link between deteriorating communities and the shite housing scene. Why partake in and improve a community when your efforts will end up wasted when you're kicked or priced out?
Nothing to do with smartphones.
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13 minutes ago, mynamehere said:
I suspect he meant AIP?
Paying the booking fee to secure the rate doesn't really make it a more secure offer as once you have an offer accepted, you still have to go through all the earnings proof and mortgage valuation stuff afterwards, so it's not a real offer in that sense
So I'd be surprised if the agent meant that
Possibly. Sounded young. I queried but wanted to move on with the conversation!
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31 minutes ago, mynamehere said:
Some lenders will let you pay the booking fee and secure the rate, even before the offer is accepted. you will have to choose a house to put on the application but this can be changed.
Doesn't seem worth the faff right now, however, imo.
Thanks. Was just thrown off a bit as an agent was asking if I had a mortgage (not just an AIP)
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Should I be applying for a mortgage now? I have a decision in principal and will look to move in the next six months as FTB. Haven't actually found a house, mind.
Suddenly dawned on me that I could potentially lock in a lowish rate now? Is that a thing?
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5 hours ago, scottbeard said:
If you really believed in HYPERinflation coming would t you leave the U.K.?
Hyperinflation is quite rare and the countries it has ravaged m like Zimbabwe and Venezuela aren’t places you’d dare even set foot?
Or do you just mean “high” inflation…?
Yep good point probably mean high inflation.
Personally I'd love to leave the UK but my wife wants to be near both families since nobody is getting any younger. I suspect we'd actually spend more time with them overall as visits would be for 48 hours instead of 4, but alas we're stuck here for hopefully the longest time as it would mean our parents are in good health and quite honestly spending the time with them is worth far more.
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Just had a mortgage AIP for 7x single / 4x joint income, 25 year term. Probably could have asked for more money, longer term so that might not even touch the sides of what they consider maximum lending.
In fairness there are no dependents but our ages suggest there could be soon. I don't think this is going to be done for a while.
EDIT: After 11 years on this site we're actually considering buying. I just can't see any way past hyperinflation.
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Getting very mixed messaging from the letting agent about how much landlord wants us to stay but also needs to put the rent up. I really distrust this new agent representative.
I have his home address from the tenancy agreement. Would it be legal/unethical/unhelpful to drop round and just ask face to face "what is it you actually want?".
He's dropped in unannounced before to let us know he wanted to get a tradesman in to do some work - and certainly didn't insist that we let him in, was a doorstep conversation until I invited him in.
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9 minutes ago, rantnrave said:
Eh?
If wages rise 5% and rents rise 5%, the ratio of household income spent on rent remains the same.
Did the personal allowance increase by 5%?
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Noticing in my area the massive, frequent reductions are the doer uppers.
Thats right up my street but I suspected it'd be to do with difficulty or cost of getting builders.
Having said that once it filters into the stats, even better.
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8 hours ago, debtlessmanc said:
If I had said "foreign language speakers" I would have been lambasted for hating "furreners" I can speak French (and quebecois) and okay some spanish, German and Japanese. I can certainly identify many European languages. The people I walked past in Manchester last night were speaking a variety ot languages. Certainly Spanish ( I think catalan for one couple) and French and German, some sounded Eastern European ( not my speciality) and I think Romanian (Latin language close to French).
Many were in bars and restaurants drinking alcohol so not likely to be Muslim. Just a deduction, not a statement on that section of society.
the point is I was making was that it was just like I experienced before lockdown. Hence, anecdotally, Manchester has not suddenly reverted to being a monoculture. would you like to share your linguistic skills with us?You mentioned people looking (not sounding) European and I asked what that meant as it didn't really add any context to your post. I don't really care what languages you can understand as that's nothing to do with it.
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2 hours ago, debtlessmanc said:
I was out in manchester last night- heaving. Struggled to book a restaurant. That was my experience
also first time out late there since lockdown. Huge range of languages being spoken by european looking people as before, people who have settled here do not seem to have gone anywhere.
What do european looking people look like?
I'd like to remain vigilant
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7 hours ago, athom said:
conspiracy theories about automation? ******ing hell mate you think automation isn't happening??
Its not like anyones job was just full time BS job only pricing, its about the creeping march of automation taking bits of jobs away until none of its left. Shelves stacked by robots, prices changed remotely and adjusted by AI using data from self service checkouts. That's about a million people unemployed if automation of that sector is fully implemented. This small co-op already has a self service checkout. You might have moved on from a supermarket job but for many its their lot in life and might not be good for much more skilled work. Doris is going to be even sadder looking when she's not had to get out of her sofa for 10 years. People need these menial jobs.
Not denying that automation isn't happening but the coop replacing paper and plastic with a cheap electronic display isn't a conspiracy worthy of its own thread.
Im not sure I buy the OPs story about people being given reduced hours for this specific upgrade, do they also cancel all overtime when the freezer packs in?
Doris probably can't get off the sofa anyway after a lifetime of hunching over banging crates of Dettol on the shelves.
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2 hours ago, fellow said:
Halifax YoY +1.6%.
Nationwide YoY -3.1%.
One of these figures is wrong and I know which one I believe.
I agree with you, problem is if 90% of people believe the other.
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What a non-thread. Short term cost for a long term gain? No conspiracy theories about automation really needed (having worked in a supermarket when younger the price label change was one of the worst bits...) we're just getting rid of tasks that expend energy both in terms of printing, delivery, person-hours.
Lots of hate on this forum for public sector non-jobs, well a private entity has just got rid of a couple too.
Council ‘workers’ told to stop skiving on Fridays
in House prices and the economy
Posted
Having spent approximately ten years in both the public and private sector I can guarantee that the private sector employees are just as bad if not worse when it comes to efficiency or slacking off.
An experiment is exactly the right way to go about shifting to a four day week and their data backs that up.
MPs are the worst for getting something for nothing.