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A17

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  1. Not saying its a bad thing - it's quite nostalgic inducing!
  2. Place looks like a time capsule. I don't think it has been redecorated since it has been built.
  3. If the world warming opens up vast swathes of Canada and Russia for agriculture, isn't it a good thing?
  4. No easy way of getting to London - the nearest railway station is miles away. The town is too ugly to be a chocolate box village, too small to be interesting and have things to do, but too large to be peaceful. Worst of everything really.
  5. Whilst it is decent, a 2% pa return is hardly riding the boom, and making a huge profit
  6. Ramping article from the BTLegraph However, lets look at the numbers in more detail. Purchased 7 years ago (2014) for £675,000, marketed in 2021 for £875,000. Net profit - £200,000. Lets assume that the purchase was before December 2014, and so they are liable for 4% stamp duty: £27,000. (Actually checked - sold December 2013 so close to 8 years) They say that they have had an extension and renovations. I am going to be very conservative and say £50,000 spent as I can't see any extension. Let's also say a 1.5% estate agent fee to sell it: £13,000. So net profit is a not insignificant £110,000. But over 8 years that is a 16% return on investment, under 2% pa compounded (and that is ignoring any post COVID countryside boom) And the photos don't do it justice - the front of the house is on an A road! https://www.rightmove.co.uk/properties/109274231#/?channel=RES_BUY
  7. https://www.telegraph.co.uk/news/2021/07/15/dream-south-africa-now-tatters/
  8. The problem is the same with any form of "Independence Party", whose origin was to lead the opposition and fight against one-party authoritarian rule. They tend to slip very nicely into the position of the authoritarian party they replace. After all, they fought for your freedom, why would you oppose them?
  9. One of the reasons I have been told that South Africa has been more successful than other countries in that part of the world is that it has avoided some of the tribal divisions that other countries suffer from. You are South African first, and Zulu/Xhosa/Tswana second, rather than the other way around. It allows for somewhat more stability, and perhaps takes some of the edge off the corruption that is seen otherwise. Maybe it is changing.
  10. Not many people seem to bother with a dropped kerb on that road. You can see the pavement kerb crumbling in some places. Always a sign of a bad neighborhood. People break the rules, and the council are not intervening for whatever reason.
  11. It's not a driveway - it's a patio with aspirations.
  12. I seem to remember by the time he left office things were looking up economy wise. Old style Tory boom and bust at least gave some boom times, and an end to the bust times. A recession every 10 years isn't necessarily a bad thing, as long as we recover from it after a year or so. A wildfire clearing away the deadwood, but fertilizing the ground for the next growth. And after 18 years in office, a change in leadership is needed regardless of what side of the political spectrum you are on. People mentioned the introduction of the Assured Shorthold Tenancy and Private Finance Initiatives as the cause of our problems today. My understanding that before ASTs there was a dire shortage of rented accommodation - it was either local authority or student digs. ASTs filled a gap. Similarly for PFI, it was a somewhat good idea if used correctly. It was Blair and Brown who took it to the extreme.
  13. I'd love to hear the full story. It has holes large enough that you could drive a steam train through. Helping a local family sounds ridiculous. The comment about working harder is strange too. My guess, trying to cut out the emotion. Self employed with a somewhat inconsistent income stream, and a mortgage application written with the caveat "based on a true story". You don't often hear of forced moves, so they must have been desperate. Not sure about the new place - is it mortgaged, or did they buy it outright? I am guessing if they had cash flow problems earlier they have purchased with the equity of their previous home without a mortgage. Conclusion - no sympathy.
  14. Anecdotally I hear of fewer people retiring to Florida, and more people retiring to states further north such as Georgia and South Carolina. The climate of Florida is too much - people are willing to sacrifice the winter warmth for a break from the oppressive summers. And the prices and taxes in Florida are much higher than they were 30 years ago.
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