bear.getting.old
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Posts posted by bear.getting.old
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I'll stick to my 'overpriced' 3 bed in suburbia, thanks, with my nice garden, restaurants, pubs and shops on the high street, a ten minute walk to the station and 5 to the town centre, surrounded by friends and family.
Genuinely can't see the obsession with life in the country, especially not in the 21st century. From where I'm standing it's mostly driven by people in the big cities with no real knowledge of the country or people brought up in the sticks who are too small minded to consider anything else.
I'm not surprised that rural property is struggling. I can think of several couples I know in my area who moved to the sticks chasing the good life and are desperate to move back to town.
Back in the good old days of sensible prices, living outside the town say 7-12 miles was considered an inconvience. You were away from everything and jobs so therefore house prices were a lot cheaper than in the towns. Now the villages are posh and la di da, and commanding a premium. Take Towcester in Northants for example. Pain in the **** for driving to work but more expensive than Milton Keynes or Northampton, which have the jobs. That goes for just about any village in Herts, Beds, Bucks, or Northants. Mad
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I haven't heard any of the brexit camp making this case, not even Farage. Gove could have done last night on Sky debate when challenged about the £ falling but he missed a trick. He also failed to point out that falling house prices are nothing to do with a brexit or not, instead saying that they will fall in some areas.
As a HPCer this is the logical conclustion I've come to:
The scaremongering comments from the likes of Goldman Sachs saying that Sterling could fall by up to 20% against the Euro if Britain votes to leave the EU, are very misleading and incorrect. On the contrary - if the UK leaves the EU, it will lead ultimately to the EU collapsing without the UKs payments of £350 million a week and as other countries also start to leave the union. This will have dire effect on the value of the euro currency, it will more like 2 euro to the £ by then. Countries will return to their old currencies when the EU collapses, eg Lira etc. These old currencies are likely to be devalued by at least 20% compared to the current Euro value. People will queuing like mad to get their money out of the euro banks, there will be a run on the euro for sure. These commentators have not considered this scenerio. Therefore if one is waiting to change their £ into Euros it would be best to wait until the collapse of the EU. The £ sterling by then will be a reserve currency against the former EU countries currencies. If however the UK does not vote to leave the EU, then the £ will still rise some as the uncertainty will have vanished. Either way, if you can afford to, waiting until after the referendum is over is the best idea. If you really need to exchange £ to Euros now, take a punt....
If you want to buy £ with euro, buy some while the euro is still worth something...Do you agree or disagree with me?
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Watch out for tax grabs
And the tax cost of just owning tne propery in Spain if not renting it out is rather high plus many other taxes. It put me right off Spain.
http://www.spanishpropertyinsight.com/buying-property-in-spain/costs/
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Hasn't anyone here thought sod it if you can't beat them join them>? If all goes tits up we saw how they were all bailed out last time so we will be ok...?
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Pricesmad needs to do one. Someone who comes here preaching because they've sold their own house and then extrapolates that to whole market across the UK needs to be gone.
I think you are being unfair. This forum needs different viewpoints and debate from all angles. He has sold his house, well good on him. There are people here who bought in 2009 and have recently sold and done well despite at the time of 2009 - it didn't look like the bottom. Good luck to them. I missed that opportunity myself as I was strong to my own crash convictions but I'm not bitter about it!
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Something off with the numbers/earnings. £50k 'earnings' would be about £30k take home. Yet he has £2800 every month spare. Hmmm. Even if his take home is £50k after tax, I doubt he'd have that. And £35k in a savings account? Hmm. Either he spends nothing at all, literally, or he's not being fully honest.
Whats he got 35k in the bank for if he has a mortgage on these houses
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Was shopping today, noticed Asda have put the price of 4 pints of milk up to 95p! When did this go up? not widely publicised was it?, its creeping up from the old 89p it used to be. Tesco worse -£1.
I don't see how cpi can be only 0.3% when there are so many things going up now. Petrol up to 105.9 from 95.9, cost of eating out up,. Even Toby carveries midweek are up to nearly £8 crown ones not much cheaper, hotels up, airfares not any cheaper even though fuel has fallen..... -
And yet some polls are putting Leave ahead by 2-3%. I'm still in awe that the Remain votes are so high, I genuinely don't know anyone voting to Remain.
Agreed. I only know two people at work who are on the remain side, this is out of a company of 100. Csn't undrstand the polls and anyone else I speak to also are going to vote leave
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Which part is wrong?
If not the case now it was 16 years ago since it was one of the main reasons I got married. (And they don't call me romantic for nothing!)
I've always been dead against marriage due to the fact the bloke gets screwed in divorce. But I once took leave of my senses and proposed to an ex who I'd started seeing again. She didn't trust me anymore and I thought marriage would be the only way to get the trust back. I will spare you the long story but she turned me down. I probably had a lucky escape. A rash decision like that to prove something instead of a natural progession towards it, is probably not a good reason to get married. She always was a drama queen though, best off out of it.
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Are you saying when the money runs out love flies out the window.......what became of in sickness and in health, richer or poorer?
I've met a lot of women whose main motive for being with a man is what they can get from him, be it a nice house, standard of living and a father and provider for their children. Once any of those things go be it from hard times, sickness, job loss.... the women are off like a shot screwing another man and wanting a divorce.
I read somewhere that a woman as she ages has different needs from a man. In the younger days she is after a good looking jack the lad exciting type. As she ages is all about financial stability and her being looked after, reliable , nice honest guy, - read boring!
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Interesting I see the theoretical link to the UK but what happened to SF prices during the USA national housing crash of 2006/7?
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Was talking to a mates missus the other week. They have got married recently but thery are not going to live together until she has lived in her current house for a year or so to declare it as her main residence otherwise she will be hit with a load of CGT. She has another BTL and bullied my mate to get one as well as the cash does nothing in the bank. Says you can't loose with property. That old saying. I just kept quiet about 1989-1996.
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Isn't the real problem an overly generous welfare state and state/corporate collusion to prop up low wages? You can't really blame EU immigrants for making a rational economic decision to take advantage of that.
BREXIT seems like a bit of a sledgehammer approach to deal with that given the other risks involved (a market crash and short term economic turbulence is pretty much a nailed on certainty - whatever the longer term outcome might be)
How about just having the guts to reform the overly generous tax credits system for everyone?
I say this as someone who is on the fence btw- I can see the arguments on both sides, although I have a natural aversion to the cynical project fear tactics being employed by the Bremainers
Tories have tried this, look at the backlash they get for doing so. Single Mums pleading poverty, yet they still have the full Sky TV package and other wasteful luxuries. They say they can't afford to eat them go down to the local food bank. This is what we are up against. We need a government with balls, but I doubt we will get that until the country has to be bailed out again on its kness like in the 70s.
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This is actually something good that the EU have done for a change. I think the bank lending rules in Ireland are also an EU idea?
Lars Frisell, adviser to Central Bank governor Philip Lane"“One thing is clear – allowing lending and prices to spiral off again is not a solution, and would be a betrayal to the next generation of Irish home buyers,” he said. “Higher deposit requirements slow individual households’ entry into the property market, but. . . they prevent us from overbidding each other with ever-increasing amounts of borrowed money.”
People are moaning that they can't borrow enough to afford property in Dublin. Eventually prices will have to come down then!
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No no no Dave & George &co said mortgage rates would go up if we leave the EU ...now they wouldn't be trying to scare people whilst lying through their teeth at the same time would they knowing full well they will be going up for many anyway
Thats about what they are doing yes. They are a disgrace.
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The daily express are really pro brexit, but they are also pro massive HPI, will be interesting to see how they handle this story.
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The government (well the remain supporting half of it) seem to now be using the 'Brexit will cause falling house prices' as their trump card, knowing that the Daily Wail is a pro HPI paper like most and that this seems to overide and corrupt most normal intelligent thinking when faced with the prospect of falling prices.
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There are so many flaws to Osbornes BS arguements on ITV with Peston:
"The two major hits would be:
1. House prices would crash — This is particularly bad for those owning a home already because it likely means that they would be in negative equity and would either need to sell their home at a loss if they wanted to move or as an investor, the value of their asset would slump.
2. Household's would be poorer — Even though lower house prices would signal more people would be able to afford to get on the housing ladder, Osborne warns that mortgage products would rise and therefore people wouldn't necessarily be able to afford to buy a home anyway."
1. He is either thick or trying to mislead the public. If you are trading up (as most people wll be doing) yes your house will have fallen in value but the bigger house you are buying will have fallen too, and BY MORE! What an idiot!
2. He doesn't know that. Is he saying that he knows interest rates will rise or that the bank margins will rise on borrowing as they raise rates to do so?
Anyhow, brexit will not cause any kind of crash. If a crash happens it will be down to his irresponsible HTB, FLS, ZIRP and an economy built on housing ponzi and BTL scum. One wonders if he want us to exit so he has an excuse to blame it all on when it goes down, he can say I told you so. This guy is starting to make Gordon Brown look good.
Anyhow all these scare stories he and Cameron are putting about are complete BS. The level of deceit is astounding. I'm only glad I voted UKIP. The pair are a disgrace to real conservatives.
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Osbourne is such a t__t.
He now plays the house price card after pumping up prices for the last 2 years with his preposterious ponzi HTB scheme, Now he scares people who have bought in at skyhigh prices with negative equity. He should be stood in front of a firing squad and shot.
Absolutely agree
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I'm looking for the £ to recover against the Euro then.
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Good topic. Of course its a no. Even in the North. You can be sure that with a downturn in the south, the north will also go down. With the steelworks etc closing things are bad there now.
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May I refer my learned friend to exhibit A. http://moneyweek.com/merryns-blog/the-truth-about-tax-credits/
One parent, 24 hours a week, 3 kids get equivalent gross of £40,500, even thought their wage is <£9000. All you have to do to qualify is walk each other dogs/kids in a pretend job with no commute costs. Pick up a cash job on the quiet and you can get that £45,000 gross equivalent.
My subconscious is still coming to terms with that article....
I don't understand this.....
"Here are several other examples (thanks to our web researcher, Marina Gerner). A family, again with one parent working for 24 hours a week on £7 an hour, and the other parent not working at all, would earn the following:
With no kids: Pay is £8,700 (take-home pay is £8,623 after NI). Council tax help £492.19. Housing benefit £6,706.26. Total benefits (£7,198.45 per year/ £138.38 a week) plus actual earned money comes to a net £15,821.45. If it were earned by a single earner, non-benefit recipient, this would equate to a pre-tax income of about £18,750.
With two kids: Pay is £8,700 (take-home pay is £8,623 after NI). Total tax credits £9,114.06. Council tax help £432.91. Housing benefit £6,472.35. Child benefit £1,788.80. So total benefits (£17,813.12 per year/ £342.52 a week) plus actual earned money comes to a net £26,436.12. If earned by a single earner, non-benefit recipient, this would equate to a pre-tax income of about £34,500."
Why is a 'family' especially one with no kids - eligible for council tax benefit and housing benefiit of nearly 7k ?? Surely this can't be right? Is it just because they are working less than 25 hours a week? If I quit my job and take up part time working does that mean I can claim these benefits too>??
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As for the actual subject of this thread, sure, it's got problems (idiotic house prices is a very real one) but we don't seem to have huge numbers of starving people.
That's because they are taken in, given hotel accomodation or a flat or house especially if they have kids, benefits with which to buy food etc with change left over for Sky TV. The bill sent to taxpayers. Thats oen reason that living in the UK is so expensive.
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I'm not sure about this theory, he will only get 3% off if most of the buyers of the houses you are looking at are being bought by BTL vultures.
- I may have persuaded him to wait until April as he might get 3% off... The one saving grace here is that he may not get permission to let.
Australia Faces Its Demons
in House prices and the economy
Posted
I fancied moving to Oz. Went there 2006, CV in hand. Without a work visa no recruitment agency will talk even to you. Even if its to see if there are any jobs in your field for which to obtain a work visa!
House prices were crazy anyway. Oz $ too strong, sun too strong - suncream all the bloody time, too many flies. Not for me, its about time their overpriced houses took a return to reality,.