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steve99

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  1. Yep. Very much the case. Also no mention ever of your deflated deposit savings vs HPInflation. ie the ever widened gap.
  2. They will definitely take a few of the thicker and more racist Tory votes. A bit like brexit again, offering the real sunlit uplands and unicorns and this time real unicorns rather than donkeys with dildos on their heads (becausetheyknowtheywillneverhavetodeliver) . Less chance of them getting the Wetherspoon warriors off their arses to vote this time as their promise of executive jobs for all is looking a bit empty right now.
  3. Not for at least half the population of the UK. Most EU countries and especially Ireland, definitely.
  4. Ours is 9 years old. We never hear our neighbour. The walls between are super thick and insulated. When we had our flat in London, a converted terrace, we heard everything, had to wear earplugs at night.
  5. If by some reverse miracle, ie extreme bad luck, the Tory filth wins the next election and by equal bad luck Trump wins, think of the bad trade deal the tories will lumber us with. NHS fully American privatised, hormone flavoured meat and all our farms flattened down, joined up into mega farms and planted with Monsanto franken crops. Meanwhile we would get a concession on brown beer and digestive biscuits (provided we charge the name to "Digestive cookies"
  6. That is the only safe way to own a flat. You are the freeholder and managing agent. Not too many like this avaliable. No parasites in the mix.
  7. And just like ULEZ we know who will get the blame. People stupid enough to believe it, if its in the RWNJ rags.
  8. The UK has some of the highest property taxes in the world on the cheapest and smallest homes and just about the cheapest in the western world for the biggest and most expensive homes. Also in most countries renters don't pay the equivalent of council tax, as we didn't here before Thatcher invented the poll tax.
  9. We know 3 current leaseholders and several in the past, all have the same recurring complaints. There is a massive and growing "Leasehold reform" collective that has become a lobby group petitioning parliament for the last few years. The evidence is massive. Also to note, leaseholders nearly always are stuck with open ended contracts with the freeholder re costs and management. Some articles on the basics. https://www.thetimes.co.uk/money-mentor/columns-blogs/have-pay-service-charge-increase-inflation#:~:text=Millions of leaseholders face a,according to the HomeOwners Alliance. https://www.google.com/amp/s/www.thisismoney.co.uk/money/markets/article-9858043/amp/Meet-growing-numbers-home-owners-victims-sky-high-service-charges.html
  10. On the contrary, most leaseholders do pay rip-off fees. The average is about £1600 if there is no lift in the building. The management company will provide almost nothing for that fee, that is just a gift to them because they believe they deserve it. The tiny bits of grass might be cut once a month. The interior cleaning of communal spaces might be 15 minutes every 2 weeks etc. Anything beyond that is charged over and above. eg, another leaseholder we know pays almost no ground rent and almost sensible management fees, however they all had to have their doors painted and a few extra accessible outside bits done. Cost per flat £1200. I bought a tin of the best outdoor gloss paint for my door 3 years ago for £16. I will redcoat it this spring and it will take me, a total amateur, less than an hour with prep and cleaning up. This is how ALL leaseholders are treated, ie someones cash cow. If it wasn't a money churning rip off, the entire industry of leasehold building management and the entire "asset class" of freehold ownership of such freehold flats would not exist.
  11. We know someone who is trying to sell a flat she bought in 2006/7 for just over the price she paid for it and just had the only potential buyer drop out thanks to the rip off service fees. She has also been ripped off for circa £50k above the service fees for things like a new roof (on a 15 year old building) a new security entrance, numerous new carpets and painting etc. All at 3x the real price of course.
  12. 10. Transformation of all State companies into public limited companies for subsequent privatization. Starting to look like the oligarchising of Russia. Everything will end up in a handful of cronies pockets.
  13. Yes because the government, the banks, the land bankers, the building companies, the NIMBY voters and councils very much want to restrict new housing supply and keep rents obscene. Same with the lack of requisite infrastructure. The government wants us to take it up the bum and fight like dogs for school places or medial appointments. Meantime they laugh at us. They could cure half of the problem overnight with a mega tax on vacant property that is not properly rented out, and within a year if they forced builders to use the land they've got stashed away, or if not tax the sh*t out of it. As for prices the banks could be restricted to 3x wage for eg and rents could be controlled. The government could also set up a building company, keeping the layers of spivs out of the equation, then build masses of social housing on government land or cheaply bought, unused farming land. Its all a matter of will and choice and to date we have not had that for nearly 50 years from any government.
  14. Why do these things never happen in the UK? 10% is a crash lasting a week and then back to the races with some government intervention or other magic money initiative.
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