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House Price Crash Forum


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About Upabove

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  1. If you get on with the landlord and they've treated you well (meaning actively doing good things for you not just the absence of bad which is the low bar we normally set them), then sure. However why should you be reasonable with someone who has zero legal right to come into your home? (and has probably already profitted handsomely off you during your tenancy). Frugal git, I'm going to be coming round tomorrow to have a BBQ in your garden, do you mind? Being reasonable I'll give you £40 as it'll only be about 2 hours disruption to you....
  2. The LL or EA has zero rights to access your flat for viewings. It is your home! How would a owner occupier respond if a random interior decorator asked to show clients round their home? They'd say pay me or F off. The LL or EA has just as much right as that hypothetical decorator. Be polite, but firm. State the law, state you're always happy to help, but also state you see no reason why you should have your life and home disrupted for no compensation.
  3. The banks only purpose should be maintain monetary stability. Given they only have monetary policy under their control doing anything else will be (and is) a failure though unfortunately over a long timescale. The joke is trying to maintain monetary stability by only maintaining the pounds value relative to consumer goods is a joke. Our currency has been massively devalued, to all our detriment, as even though its held its value against consumables and other (devaluing) currencies, its value against assets such as housing, shares or gold has plummeted. Bizarre policies like this are just making the bank more of a mess. Just get a proper measure of inflation that actually works and then only target that!
  4. This is the true danger of ZIRP, lower interest rates are supposed to encourage investors to move there money into risker investments (e.g. business loans) to get the economy moving, but past a certain point and you remove the incentive for fund managers to invest their funds at all, just park it in a super safe low tax property investment your investors won't mind as you at least ain't losing money like Joe Bloggs invested in a negative interest rate treasury bond.
  5. Are all these unsold newbuild flats paying council tax? If not why not? Is there a way to get this data through FOI requests to the council?
  6. I still don't see the appeal versus shared flats. Regardless of how efficiently they pack the space it's still less efficient than sharing a kitchen and bathroom between a number of rooms. What's driving these versus flatshares? Are we becoming more solitary? Or are these for those who struggle to find flatshares e.g. recent divorcees?
  7. Haha brilliant And for more comedy gold have you seen their website? https://www.barratthomes.co.uk/new-homes/greater-london/H680701-lombard-road/ I love how their default "affordability calculator" when you load shows at household income of £55k AND a whopping £180k equity loan from the taxpayer YOU STILL CAN'T EVEN AFFORD A 1 BED FLAT! but you can apparently get a 2.6% rental yeild... below inflation... whoop
  8. I have a search alert on the shared ownership portal sharetobuy for a 40min commute radius round Victoria station. Been seeing some strange activity recently, typically my budget limit has only thrown up 1 breeders, but 2 bidders seem to be coming up thick and fast now. And also the first time I have seen rent drops so prominently advertised: https://www.sharetobuy.com/sharedownershippropertydetails?id=22942&utm_source=property_details&utm_medium=showcase_properties_email&utm_campaign=Rent+reduction!+First+come+first+served!+-+2017%2F08%2F09+05%3A38%3A26 Wonder what the previous buyers in the development will think about paying a higher level of rent than newcomers? Has anyone seen anything similar in the shared ownership market? And does anyone have any tools they use to track it? So hard comparing things with the interplay of cost, rent and service charges
  9. Upabove

    Kitchen in the living room?

    I agree for a house, but personally seeing cramped tiny new build flats where half the space is then lost to dark pointless hallways drives me mad! You already have a communal hallway! You don't need a hallway off a hallway just open into the lounge and have the rooms off that, would be so much more efficient
  10. Simply unify council tax and business rates. Why should businesses pay based on the value of the property while a high powered exec for Amazon could work remotely from a million pound penthouse and pay a pittance in council tax. Ground floor of one Hyde Park place but saw iness rates = 250k. The top floor with single occupancy discount £2k in council tax... If people had to pay business rate levels by golly they'd make sure they were making use of the property
  11. The luxury of a "power shower" for over half a mil? AHAHAHAHAHA I expect a hell of alot more luxury for that amount of money than a f***ing shower! it might just be me but I always thought those things were normally considered basic necessities!
  12. Constantly coming up with new ways to keep the bubble inflated... This just came up on fb feed: https://joinstepladder.com/how-it-works.php Seems like a bizarre co-op type saving scheme. However by pooling everyone's default risk it seems Ponzi esque. If your the last one to get a deposit your potentially left holding the baby! Suprised it got FCA approval...
  13. Everything is a double tax. I earn an income and pay 40% I decide to hire an accountant and pay 40% again on the salary I have to pay them, Argh double tax! I earn an income and pay 40% I decide to use it to buy shares and have to pay stamp duty, Argh double tax! I then receive dividends on my investment and pay income tax again Argh triple tax! I sell in a year and then have to pay capital gains tax, Argh quadruple tax! I then I tears go to buy some handkerchiefs and have to pay VAT, Argh quintuple tax! Etc. Etc. Also I think this is a really interesting area of discussion, and though I disagree completely understand and sympathise with the criticisms of my viewpoint. Hence I find the hyperbole at the end of your post a bit distasteful. No need for moving into hostile territory please
  14. By 2020 you will have a 1 million allowance if transferring your property to your children. 325k in cash, 675k house to your kids would = 0 IHt Completely agree with you on the capital transfer tax though.
  15. On this site would we at least agree that housing shouldn't be given any special exemption from IHT? Continuing just distorts the market and encourages people to live in houses that are far too big for them to maintain and unsuitable for their needs while depriving them from those who need them more. Doing so would be equivalent to a significant increase in the %rate of IHT.

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