hi5lo5
-
Posts
519 -
Joined
-
Last visited
Content Type
Profiles
Forums
Events
Posts posted by hi5lo5
-
-
On 8/4/2017 at 3:03 PM, pricesmad said:
you won't get a 450k house to rent for £1125, more like £1700, therefore what are you talking about? where's the HPC potential coming from?
Of course, you can if someone can afford to pay. Reading average salary is around 30k. BTW you make £1700 from £25200 salary.
-
Is it the beginning of something?
YTD the personal car purchase has fallen 5%.
Also, been to couple of showrooms to see a car for Mrs. First one, the sales guy was very insistent on PCP and pretty much boasting about their track record of selling 85% of cars in PCP for both used and new. Later went to another showroom to hear the same BS. The second one wants to sell some insurance and cover thats costs 2k for a 10k car.
This isn't normal.
-
10 minutes ago, MattW said:
So I believe that there will be a Bank of England decision on the interest rate tomorrow (3rd August). I wonder what will happen???
http://uk.businessinsider.com/analysts-forecasts-ahead-of-bank-of-england-august-meeting-2017-7
predictions from the VI.
-
https://www.property118.com/tell-shelter-think/
TL DR;
Ros :
I have been banned from posting on Shelter's facebook page. I order all of you troll them.
Busta :
I have been banned too. But, I kept quite because we ban lot of people here.
-
http://www.rightmove.co.uk/property-for-sale/property-65617454.html
This one is for you @TheCountOfNowhere Brilliant way to sell the house. The forgot to mention how many calories you can burn. Highlight is 5 minute drive to Thames.
Full description
FOR A LIMITED TIME ONLY!
REDUCED TO SELL – WAS £344,950 NOW £329,950 DUE TO A BROKEN CHAIN
Expect to be impressed with this beautifully presented three bedroom semi-detached Victorian property which is located in this favoured road to the West of Reading town centre. The property is offered to the market in excellent order throughout and in brief comprises entrance hall, bay fronted living room with feature fireplace, spacious light and airy 30ft kitchen/diner with double doors opening to the delightful rear garden, three first floor bedrooms, separate first floor bathroom, gas central heating and sash windows. Internal viewing highly recommended via the vendor sole agents Patrick Williams.
Reading town centre – 25 minute walk
West Reading station – 15 minute walk
Junction 11 & 12 of the M4 – 10-15 minute drive
Local shops and supermarkets – 10 minute walk
The River Thames – 5 minute drive -
12 minutes ago, spyguy said:
Well, average income in YandH is about 26k.
Assuming they mean earnings rather than hoysehold income.
Earnings pretty much follow the mean distribution. 60% of workers earn mean or below. That would point to only the top 5% of earners engaging with the housing market. That does not bode well for selling a house.
I will keep a close eye on the delinquency and repurchases for these RMBS. I believe a simple 0.25% increase tomorrow shall be enough to trigger it.
-
9 minutes ago, Kosmin said:
It says "average income of borrowers though." This will be higher than average earnings as most low earners don't have a mortgage.
I doubt that, ONS is the source.Does ONS publish average income of borrowers?
-
12 minutes ago, ftb_fml said:
Thanks all - some very good points I'd not considered although it's nice to have seen the bearishness balanced out a little towards the end of the thread
I'd not paid that much attention to their previous performance when I first posted, however have had a better look since and 500% growth at peak in six months suggests that, as has been pointed out potential future performance has already been priced in. I'll definitely be keeping an eye on their performance over the coming months though!
Likewise.. I bought gold a while ago when it was basically the most expensive it has been ever (nearly) - anticipating a slow-release Brexit meltdown. It didn't happen in the following months, although I'm confident it'll rise again when the sh*t really hits the fan (providing of course that it's standing as a hedge against economic uncertainty and decline hasn't been replaced by bitcoin).
I guess you must have made about 40% though, so it's not all bad..?Nope - I don't even have a share dealing account tbh.. was just putting it out there to see what the learned people of HPC thought.
Thankfully not - I see they've taken a bit of a pasting recently.. I wonder what's changed? Perhaps prices overshot somewhat due to sentiment and are now correcting.
The price is falling because of two reasons
1. They are being featured negatively I suppose in today's watchdog.
2. Couple of rating agencies downgraded the Outlook
-
This is what I found in the prospectus of one of the RMBS bonds issued by Lloyd's bank. So the bank and the investors of these RMBS have different measures. The average income used in these are considerably high. I am puzzled on how they arrived at this massive figures for average earnings? Is it average couple earnings.
-
-
This is from the investor report of Silverstone RMBS issued by Nationwide. It's a £10b securitization of mortgages with 35% in IO mortgages and combination. Lloyd's have similar numbers but the delinquencies are higher.
-
5 hours ago, Barnsey said:
789 1 & 2 bed flats available to rent in Reading on RM, primed for a mass sell off when the BTL tax relief reductions kick in. As you rightly point out, combine that with Brexit redundancies/relocations and you've got a huge poo-storm brewing. Anyone who believes that drastically falling prices for flats will have no effect whatsoever on 3 bed semi's nearby is kidding themselves.
No doubt Wokingham, Twyford, Woodley/Earley, Henley and Pangbourne will take the hit too.
No surprise there. I live in block of flats in town centre, a BTL hot spot of the town. At least two EU families I know moved back after Brexit. 8 years back there were only hand full of foreign families lived in this area, now more than 50% rented by Indian IT workers. I really doubt these flats will ever be sold as there is a constant flow of non EU immigration will keep the BTLers wheel spinning. Another scary stat, only 25% pupil of the local primary school have English as their primary language.
-
15 minutes ago, adarmo said:
I agree with your sentiment here.
The liar loans and 125% mortgages were only one side of the coin. It was the collatorisation of these mortgages into CDOs that enabled a constant source of funding to the banks. These were those risk free 10% yielding investments ?
Really it was a catalogue of regulatory, ratings agency and investor behaviour.
The ABS investor report is open. I follow a bunch of them in particular Nationwide and Leeds building society. A traunch of ABS called "Guildford No1" from Leeds consists of over 85% buy to let loan contracts and the deliquency rates are stable. It would be interesting to see if they go up in the next few months. Also we would be absolutely sure about the BTLers selling if the number of contracts are declining due to early repayments.
-
They don't backup with enough data. However the figures for post crash seems to be more inline affordability of a couple with the local median wages
-
Buy-to-let
Paragon's application flows remain strong reflecting market share gains in an otherwise subdued UK buy-to-let market. The Group's growth reflects increasing demand from more complex and professional customers. The proportion of these customers in the pipeline has risen to 70.0% during the quarter, up from 61.8% at the start of the year. The pipeline (58.5% of which is for remortgage) continues to be healthy at £699.8 million at the end of the quarter. Paragon launched its updated complex lending proposition on 17 July 2017, well in advance of the PRA's 1 October 2017 deadline.
96% of lending in the quarter took place through Paragon Bank, reflecting its increasingly important role in financing the Group's new lending flows.
Redemption levels rose on the new BTL portfolio as it continues to mature, taking the annualised redemption rate for 2017 to 20.6% for the new book and 10.9% for the total portfolio.
-
It's all about greedy builders trying to keep control on people's life. As a first step cap the leasehold fee and bring in LVT. You will see most of these greedy bunch will loose everything.
-
14 minutes ago, spyguy said:
Ahh.
Never had a problem letting it out before..... usually to working mums .....
Ahh, you mean it was withing the LHA allowance then. Very few mums work. Tax credit city here we go....
Time constraints... letting agent.... Romanians .... herad problems .... dint tar people with same brush.
Heres what i think happened.
Bought io btl (long term investment my ****, overleveraged lunacy)
Coin in it letting to single parents on benefits.
LHA is cut and/and or rent increase.
Poof! Noone wants it anymore. Cant let it, so get an agent in, they cant find anyone, sit empty. Enter Roma ganstas stage left...
The rest is the usual list of LL bs,
LL should be protected - What from ? Their stupidity and greed?
Pile pressurefor soneone to do something ... Er its your house business, its your fcking problem ffs!
We have now sold this house and gone back to managing our other houses ourselves... So thus useless fcktard is still solvent.
She was left fuming because her "long-term investment" is under threat. Typical BTLers, takes no moral responsibility to address the human trafficking. It's always someone else's problem.
-
59 minutes ago, Lavalas said:
Stupid question, possibly, and don't be concerned about patronising me with the answer
Could you clarify how a house get in the database? By appearing in a users search or by a user actually clicking into the listing or something else?
I'm going to download Chrome today and start using.
search results is sufficient to get into the database. At the moment we track only the price and the status.
-
33 minutes ago, ExiledMatty said:
Does it track properties that have been relisted, and if so, even if the gap between listings has been months? Think this would be a really cool feature.
I am not on Chrome as I don't use it, but would install it for this kind of thing.
Yes, we don't delete any properties from our system. It stays forever.
-
Just a quick update on the new extension.
Approximately 21k properties (about 2.5% of listed for sale) is in the db to track the prices. This is quite significant numbers for 4 days and still in closed beta.
I expect a continual support from the forum members.
-
If the deliquency rate on unsecured lending is raising. It's a matter of time for the secured lending to catch up.
For sure banks can't sell the kidney of the borrowers of unsecured lending.
-
7 hours ago, Bruce Banner said:
Forever hopefully. The day that Property Bee required users to register with an account was the day I stopped using it.
Our aim is not to harvest user data. We may enable a login in future to protect the data from misuse or being contaminated.
-
1 hour ago, GreenDevil said:
Have you thought about implementing the data from land reg to show last sold prices are you browse, for a kite flying %, ie the figure per year rise over the last years since the last sale?
That would give you a headstart over the others and a clear reason to get people on board and build your database of price reductions.
Thanks @GreenDevil
One of the advantage with the home buyer extension is you don't need to setup an account unlike property bee. We plan to keep it the same for considerable period of time.
@Bear Hug Thanks for giving it a go. We are starting a clean slate as we don't have much data eventually we will get to see more changes when we have more users.
-
6 minutes ago, crooksook said:
Interesting. How is this different from property bee or property tracker? Are you logging prices from each participating client back to a server to track history? If so, presumably you'll need a reasonable number of users to start building up a good history: and to justify that I'd imagine you'd need something different from the existing two options.
I'd like to see a site with derived data built from the numbers you collect, e.g. a reboot of property snake but maybe with some more interesting analytics. But I could imagine that might have some issues with the RM T&Cs.
Is the code hosted anywhere public? Good luck though - the existing two options are a little basic, it'd be great to see something more ambitious built - and hopefully very timely.
Thanks @crooksook
It may look a bit different but given that 43% of web traffic from the UK originates in desktop chrome and the only available extension for chrome doesn't give the insights in the search page. I know it is an uphill task to get some traction.
No the code is not hosted in the public. however, we are trying augment more sources of data to equip the buyers.
The one that got away...
in House prices and the economy
Posted
Estimated yield of 8% are not shifting... LOL