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House Price Crash Forum


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Posts posted by cbathpc

  1. 1 hour ago, skinnylattej said:

    Town centres are dying because local government is determined to kill town centres.

    Local government uses the following methods;

    1. Extremely high rates on small shops.

    2. Outrageous parking charges,

    3. Abysmal traffic management, I live 1.7 miles from the town centre.  Usually I walk into town, but if it is raining heavily I drive.  It usually takes 45 - 50 minutes during term time, slightly less when schools are shut.

    4. Since getting into my local town centre is so frustrating, I now drive to Plymouth, 37 miles away, once a month, for anything other than basic goods.

    5. When I challenged my village idiot local councilor I was told that the council aims to develop 'car free shopping'.

    If you want to see the future, then visit Barrow in Furness!  If you want town centres to thrive, get local government out of the process. 


    I always laugh at the 'car free shopping' spiel. Ok you're making it difficult to drive in, but you've also added no other methods for getting in. My local town is the same, you can't drive, there is no where to park your bike without it getting stolen, bus service is shite and just as expensive as driving.

    I'd be all for car free shopping if they gave literally any good alternative. Waiting an hour for a bus, or getting your bike nicked because you've tied it to a tree is not a good alternative! 

  2. Just seems like another “what’s the point” to me. The only thing Scottish Independence will do is line the pockets of politicians and their mates. 

    Scotland will have to increase tax and will inevitably face brain drain. 

    As an earlier poster said, another referendum on the topic has to have clearly defined lines on what independence actually means. No more we’ll sort it after the fact. 

  3. 2 hours ago, Timm said:

    Went to my parents for Father's day.

    They live in a four bed house. He retired at 55, my Mum left work at 27.

    But to be fair, they have always been very frugal.

    My parents whole estate is the same. It started off as a family estate, full of people with kids and the like. Now every family is priced out and all thats left is empty nesters sitting in large 4 bed detached houses wondering what to blow their cash on next. 

  4. My first mortgage was a 40 year term around 8 years ago. We remortgaged when the initial fix was up and due to the crazy bubble were able to reduce the term to 18(ish I cant remember) years with a lower monthly payment. 

    Obviously doesn't work as well if house prices go the other way, but our politicians and the BoE have shown they'll risk it all to keep house prices up.

    We moved and put the term back up until I'm 67.. even with the increased rates thanks to the insane bubble at the moment we could do the exact same thing again. 

  5. 1 hour ago, Nomadd said:

    Nope. North London and South Manchester.

    Prices are kite-flying territory for decent detached family homes. Some reductions in recent weeks, but still a million miles away from any form of reset. 

    Listing numbers improving, however. And "stuck" properties hanging around for quite some time. Definitely a change from six months ago when any old dross was selling within days.

    Will take at least another six months I feel before home sellers across the board realise that the long party of QE-driven asset inflation is over. Then, well..  :)

    South Manchester defied logic pre this bubble, it's insane now. Anything liveable will sell instantly at insane prices. 

  6. Only tangentially related but do the government care? I'm starting to see more and more people on those electric scooters that are illegal. Why not legalise them, and back them? 

    They're cheap, green, super effective for short journeys, and would reduce costs. 

    Have a campaign advertising them, come up with some that have a seat on and maybe a way to carry things in, would do wonders for health, the roads, the environment..

    It seems like there are so many obvious solutions and we just look past them. We're never going to have good public transport outside of major areas, why don't we try and come up with some actual solutions? 

  7. 43 minutes ago, iamnumerate said:

    Be careful people will start insulting you.

    Seriously I think wfh is something for a business to think about.

    Part of the problem in the UK is that housing is so expensive that people have to travel long distances (I have suffered like this so I sympathize). Stamp duty makes this worse. I would solve this by changing the tax system (increase council tax on empty homes, scrap stamp duty for residential properties, get rid of housing benefit in expensive areas, build more homes etc).

    Sadly lots of people like the status quo, we should have done this things 25 years ago.

    CopperCrutch has already called me a bootlicker earlier in the thread for this viewpoint ha!

  8. On 08/06/2022 at 22:02, iamnumerate said:

    Google is very keen on people being in the office 3 days a week - do people live that Google is run by Brexiters?

    https://www.washingtonpost.com/technology/2022/03/02/google-back-to-work/#:~:text=Google was one of the,adopted by many other companies.


    I know people whose boss is from a Southern Europe country and I am pretty sure he is not a Brexiter - and is trying to force them back (the tube are of course helping them resist!!)

    Software is hard. Onboarding new people is really hard. Knowing what another team is really difficult when you're in the natural silos that wfh creates.

    My place is still fully remote, and its a nightmare. It works really well when everything is running smoothly, second you need anything out of the ordinary, or things start going wrong, it's hard to know who to even to get in touch with. 

    I personally think hybrid is the best business and employee option, as in everyone gets a bit of what they want. 

    Long term though, not sure how any of this plays out.. we still have an office that is 90% empty every day. Even if we went hybrid it would be mostly empty. How sustainable is that?

  9. 4 minutes ago, adarmo said:

    Quickly running numbers. 

    I pay £1,045 on a £371K mortgage fixed for 5 years at 0.99%. 35 year term.

    In 5 years time it's been paid down to £321K

    5% on £321K on a 30 year term takes it to £1,745.

    I don't expect the best rate in 4.5 years to be 5%... but even if it is.... my pay rise this year added just under £400 to my take home. Reason for such a raise? Inflation. 

    Another year of this and I'm pretty comfortable the increase in salary would more than cover the increase in rates as would most people.

    With inflation eroding the debt it makes sense (in real terms at least). This possibly also explains why people are just buying up houses like crazy right now. Saving for a house with low inflation is one thing, but trying to maintain your real value of savings at say £50K with interest rates at best at 1.5% (Chase Bank) then you need to be saving £400 a month just to stand still..... or you could buy a house and flip the tables and have your £370K debt pile get eroded at 10% a year instead......

    All in real terms of course. 

    You've done well to get a £400pcm pay increase.

    A lot of people this will effect, will have student loans and already be in the upper tax rate. If you're mortgage is going up £300 per month, you need a £7.5k pay increase just to cover it.. hard work

  10. It feels like the response to covid has broken the world. Nothing seems to work properly anymore, everywhere you go is a total mess. If you step foot out of nicer areas it feels like the world has changed and you're never far from trouble.

    Society is just broken. You see heating or eating on the news, they can't find a none obese person to even interview. Monkey pox from orgies, i think western decadence is going to be the end of us. 

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