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Dweller

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  1. Couple ground rent/lease and add management fees , and the somewhat laughable "affordable" element of a lot of new build housing estate flats becomes the most unaffordable on the estate. The no bed studio flats paying £500 + a year in management fees with the unaffordable homes with the drives etc., paying nothing at all !
  2. Would the fines have any connection with what people earn? Can only wealthy people afford to not have a TV license and speed on the motorway? How are people going to pay 300% increases in fines? Already, most can't afford a solicitor to represent them at £250 + vat an hour!
  3. I wonder if not having a "brain" is the problem, or whether it is working out how to use the brain then combing that skill with using the heart and foresight coupled with a whole lot less self-interest perhaps. But maybe even the self-interest part shifts when using the mind wisely, increasingly seeing that a whole lot more equality serves self and others interests rather than living in a serious lopsided system, not even on the verge of bankruptcy, more beyond the realms of straightforward bankruptcy where there would have been a chance of something which existed pre crash existing post crash....
  4. My first response to this is the same as my response to EVERYTHING related to building new housing, that is, if it happens I hope someone will oversee build quality and this country doesn't see a pile of badly built timber framed properties which will not last 50 years! And then there is cost of maintenance along the way due to bad build quality. The UK went through a terrible time in the 60's 70's with bad build quality Council housing, but the standards of new builds is appalling, so Councils will not just be financing housing and reducing rents etc., but at the current standards of house building a never ending maintenance bill, but I guess it is all employment! And anything HAS to be better than £9b in private landlord's coffers. But why oh why can't we build quality homes with quality plumbing, quality windows, quality roofing, is quality impossible to build in in current systems? If property had not been allowed to bubble, a house now valued at £200000 would probably (depending on where we are looking in the UK) be valued at £120,000, so how would someone build a property to include the cost of land, for £120,000, if property had not bubbled? Of course I realise everything else has bubble too, but before anyone builds any more properties, I wish someone would address the build quality of new builds!
  5. Dweller

    The Answer Is Not To Build More Homes.

    I wouldn't like to think that all road lead back to the James Andrews article Property is a Bubble we Need to Burst https://uk.finance.yahoo.com/news/property-is-a-bubble-we-need-to-burst-this-is-how-153525355.html And the 4% e-petition http://www.housepricecrash.co.uk/forum/index.php?showtopic=198924&p=1102527755 But was James Andrews saying something worthwhile and possible, or was the whole article badly written and misinformed? " And it’s not just existing landlords. Anyone with some spare cash for a deposit is looking at house price growth and rental returns pretty seriously at the moment – with savings rates still tiny, annuities paying very little and record numbers of people retiring (where you can access a large chunk of your pension tax-free) there’s a lot of cash around looking for decent returns. These people aren’t trying to find somewhere to live, they’re trying to make money. Don’t believe me? Well, buy-to-let mortgage lending soared 69% in the past 12 months according to the Council of Mortgage Lenders - to a total of £2.2billion. Between 2002/3 and 2013 the number of people living in private rented accommodation more than doubled to 3.9million, with more people in privately rented homes than socially rented homes for the first time. Home ownership is at 25-year lows, and falling. If you’re a landlord and want a decent return of, say, 4% on your £500,000 two bed flat in Brixton, you’d need to charge about £385-a-week in rent. Which is not far off what many people are charging for these properties. What we need to control isn’t mortgage lending, or house prices, it’s the cost of living somewhere decent. Make buy-to-let a bad investment and a lot of properties will come onto the market. How about taxing people 4%-a-year of the value of any home they don’t live in? That hits landlords and foreign investors alike. It also means Britain’s 600,000 empty homes would be back on the market pretty sharpish – increasing housing supply rather quickly. ?" Personally I am not against new development, what I am VERY VERY MUCH AGAINST is terrible new builds being built by unscrupulous developers with little building control and more often than not without any due regard to planning conditions. I would however love to see some quality building taking place something people would enjoy living in, but presently it is hard to imagine that many of the new builds will still be standing like our beautiful rural villages, in 50 let alone 500 years !!
  6. Could this e-petition be worded in a way that author of the original article meant ? What was the James Andrews article Property is a Bubble we Need to Burst , trying to say?
  7. Was this the e-petition that sprung from this thread? http://www.housepricecrash.co.uk/forum/index.php?showtopic=198750&hl= Or is it a coincidence that they speak of a 4% tax? Yes it is the e-petition which sprung from the James Andrews article Property is a Bubble we Need to Burst. So did the Hiace Drifter slip up by naming the 4% CGT , was James Andrews suggesting a completely new tax? https://uk.finance.yahoo.com/news/property-is-a-bubble-we-need-to-burst-this-is-how-153525355.html
  8. New Government-backed Pensioner Bonds that will launch in January could create havoc for banks and building societies, according to the head of Nationwide Building Society. Brian Morris, head of savings policy at the Building Society Association, said: ‘It is inevitable that we are going to see several billions of pounds transferred by savers from building societies and banks to NS&I when the pensioner bonds hit the market early next year. 'The Government has signalled the pensioner bonds will be offering interest rates which the private sector is unlikely to be able to match. ‘Whilst it is helpful that the Chancellor has given the industry ten months’ notice of the introduction of NS&I's pensioner bonds, and these savings outflows may well be offset by inflows into new cash Isas later this year, the bonds will nonetheless impact building societies' funding plans and, in turn, could affect their ability to lend to homebuyers around the turn of this year and into early 2015.’ Read more: http://www.thisismoney.co.uk/money/saving/article-2642905/NS-I-Pensioner-Bonds-create-savings-stampede-banks.html#ixzz33CDH3pdR Follow us: @MailOnline on Twitter | DailyMail on Facebook http://www.thisismoney.co.uk/money/saving/article-2642905/NS-I-Pensioner-Bonds-create-savings-stampede-banks.html?ito=email-tim_savingsnewsletter-20140530115301
  9. Dweller

    Property Cannot Possibly Drop 50% - Can It?

    My other daughter (one lives in Grenoble) lives in Ireland. I would say that property in many parts of Ireland has fallen more than 50%, indeed appears to have no market at all ! Property in Mayo has always hung around for a while before selling but the last few years VERY VERY little sells. Take a look on Daft and keep watching... The market is slow in many parts of the UK but it is pretty non-existent in large areas of Eire. I often think about how it is only relatively very recently that people in Eire had access to anything like "affordable" mortgages, most properties were built on parents land, slowly over years whilst young lived with mum and dad and even the whole extended family, aunts/uncles. Nobody expected a 3 bed detached with all mod cons and a forever changing decor to match the latest fads in B&Q, even 50 short years ago.
  10. Dweller

    Property Cannot Possibly Drop 50% - Can It?

    My daughter lives in Grenoble so I have been pondering Grenoble a lot recently in relation to London and in relation to the argument that it is a housing shortage which pushes up prices. Grenoble is surrounded by mountains (I believe I am correct) and therefore cannot flow out and spill over as many cities can. I thought this would put the upward pressure on prices so I was surprised to hear that in 6 years the perceived value (which I feel is different from the value which remains undefined, uncertain and fluid) has not increased beyond what they paid and the value of what the work they have done. What a WOW property you have linked...makes me wonder why I stay in the UK tbh. If it wasn't limited pension and the fluctuating euro who knows. ...
  11. Nothing is as powerful as an idea whose time has come.
  12. Obviously just of NO interest but thanks for trying a change of title. You can sell a two bedroom flat in Brixton for more than £500,000 right now – throw in even a tiny garden and we’re talking £650,000 and up. Brixton. And not even central or on the high street. That’s 19 times the average salary in the UK. Assuming you don’t want any outside space. Or parking....So who’s buying these homes then? Partly it’s overseas buyers – especially in London – but mostly it’s private landlords. These people can use capital gains from one home as a deposit on another, and have mortgages linked to the property’s rental potential, not their own earnings.And it’s not just existing landlords. Anyone with some spare cash for a deposit is looking at house price growth and rental returns pretty seriously at the moment – with savings rates still tiny, annuities paying very little and record numbers of people retiring (where you can access a large chunk of your pension tax-free) there’s a lot of cash around looking for decent returns. These people aren’t trying to find somewhere to live, they’re trying to make money. Don’t believe me? Well, buy-to-let mortgage lending soared 69% in the past 12 months according to the Council of Mortgage Lenders - to a total of £2.2billion.Between 2002/3 and 2013 the number of people living in private rented accommodation more than doubled to 3.9million, with more people in privately rented homes than socially rented homes for the first time. Home ownership is at 25-year lows, and falling. If you’re a landlord and want a decent return of, say, 4% on your £500,000 two bed flat in Brixton, you’d need to charge about £385-a-week in rent. Which is not far off what many people are charging for these properties. What we need to control isn’t mortgage lending, or house prices, it’s the cost of living somewhere decent. Make buy-to-let a bad investment and a lot of properties will come onto the market. How about taxing people 4%-a-year of the value of any home they don’t live in? That hits landlords and foreign investors alike. It also means Britain’s 600,000 empty homes would be back on the market pretty sharpish – increasing housing supply rather quickly.
  13. Ah, I thought I had to earn it? I was on this site years ago, and then when I tried to return last year, got muddled up with passwords and registering and found myself unable to edit, and unable to start a new thread or post any News etc without long delays. I thought perhaps I have a reputation for posting too much or something, so the mods were seeking to limit my participation or something. I will have a look and see how I request an upgrade, thanks.
  14. I thought this was a really interesting article yesterday, I posted it in the NEWS but it hasn't shown up yet. I wanted to post it as a thread, but I knew it would take forever, so I asked on another thread if someone could post it. I am surprised that more people have not commented, but perhaps it is so unlikely that anyone could be man/woman enough to bring about such changes that HP-Crashers are not that excited. I wonder if the title of the thread does not really capture what is being said. If I saw a thread titled Tax Btl and 2nd Home Owners, I may not bother to click. But if I saw a title that said: Property is a bubble we need to burst, this is how We have to stop kidding ourselves and stop house prices now, or we risk creating a generation that will never be able to afford to buy and struggle to even rentI might just click ...
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