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House Price Crash Forum

Darby Ram

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About Darby Ram

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  1. Aw, the poor snowflakes, weeping into their cornflakes again because they aren't allowed to make rude comments about Muslim women on a website. Why is there so much injustice in the world? Surely house prices will fall once the BBC rectifies this error.
  2. Aggregate bookings can be up while individual void rates are up at the same time. Without seeing the figures, and being able to disaggregate in the same way AirBnB can, it's impossible to say. But the platform benefits from transactions rather than from the profitability of individual units, so I wouldn't expect AirBnB to publish anything like useful statistics.
  3. Thanks for this. More good anecdotal evidence that, as with BTL, the government is prepared to sacrifice the provision of decent housing to the financial daydreams of people-who-can't-do-basic-maths. I'm glad to see the financials apparently not stacking up but, given how stubborn and delusional Brits can be with property, I think it could take more to shake people out of the market altogether. The council is at least beginning to pay lip-service to the idea that short-term lets are bad for residents and that some sort of rebalancing is required. See the Corporate Policy and Strategy Comm
  4. Fwiw, I ended up buying on the outskirts of Edinburgh for 15% below home report value. The discount was due to a distressed seller (first buyer failed to get finance) and a slightly incompetent estate agent. But I've also seen some of the more obvious kite flying prices in this area reduce recently, so there may be a more general softening too. Time will tell how sensible my decision was but the discount, plus finding the cheapest place I could pleasantly live in, means I have a decent cushion and didn't have to go all in on property - so feeling generally relaxed about it. Will now
  5. Personally, I think @Jurassic Bland is doing the Lord's work by calling out obviously irrelevant posts for what they are. As a mostly lurker it is unbelievably tedious to watch almost every thread get derailed by the same few posters, making exactly the same points every single time. This forum is a goldmine of information. It has an incredibly good collective memory. Disruptive posters do their best to obscure those features to newcomers and outsiders. Not to get all Edward Snowden here, but you couldn't design a better misinformation strategy than debasing the signal-to-noise ratio
  6. Buying a £5 raffle ticket to win a house is incredibly boring. Why not buy a £5 share in a company that helps hard-pressed homeowners set-up raffles and sells £5 tickets to other people instead? It's a goldmine, I tell you, get your shares before they sell out!
  7. Anecdotal: just heard that a London-based friend-of-a-friend is looking to buy an Edinburgh flat to rent on AirBnB. They currently own...a shiny new build in Elephant and Castle. ?
  8. Interesting that it's been that way for a while - thanks for the context. I'd guess the gross yield of the place I'm in now would be about <4% if sold. Things get a bit better, by the looks of it, if you head into the less fashionable suburbs - but not by much. The normies I've spoken seem to think that the centre will be better protected in a downturn. The dynamics being discussed here suggest the opposite, really. Dumb AirBnB money seems to Edinburgh what super prime money was to London a couple of years ago: apparently endless, until the taps turn off.
  9. Thanks for the input folks. Agree on the AirBnB thing and the current bubble has made "up-and-coming" areas off-limits to all but high earners, which is...odd. Feels like a very uncertain time to buy given that credit conditions might worsen, the Edinburgh economy is going to face the same risks as London post-Brexit and there is an anti short-term lets backlash building up. The last place I looked at, and liked, would probably have got a 5% gross yield rented out long term. If they're going to investors, then they're not exactly savvy. So I dunno, not convinced this is a market I wa
  10. Thanks. I think Gorgie feels a bit like Leith: 1-2 bed flats up a lot from last year and going under offer within a few days unless they're total junk. I'm not in any great rush to join in this particular feeding frenzy, given what is happening elsewhere in the country.
  11. Anyone know of any less bubble-tastic areas in Edinburgh or East/West/Mid-Lothian that are (a) not total dives and (b) commutable by bike? The areas I've had my eye on in Edinburgh itself (Leith, mainly) are in a kind of mania phase but I don't know much about the markets elsewhere and info seems much harder to come by than in England.
  12. Great find, this is another cracking piece of legislation. I actually have a hard time believing that our doltish MPs understood the consequences of what they voting on here. As with all measures designed to crack down on financial crime, though, the proof will be in enforcement. So far, the May government has not impressed on that score. But if a government that was interested in this stuff came to power, then they would really have some great tools to work with.
  13. One of two possibilities here: Either Jeremy Hunt is wrong in his register of interests: Or the company has made an incorrect declaration of a Person of Significant Control (potentially a criminal offence!): In the PSC register, a company has to declare everyone who controls > 25% of shares or votes or who has significant influence or control. If there are joint shareholders, all individuals have to be declared. The register of interests implies that he/they own 100% of the company. I'd like to see this investigated further.
  14. Those articles aren't about security concerns, they are about what happens when you try and scale using an architecture where each transaction, rather than each block, changes the state. If you can't understand that then you are buying the PR of Nano, IOTA etc rather than grokking what you are investing in: caveat emptor. The failings, or otherwise, of Lightning Network have nothing to do with the scalability of DAG-based blockchains.
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