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House Price Crash Forum

Jugador

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Everything posted by Jugador

  1. 20 years ago nobody liked living above a commercial let which was at the time a shop but could become many things. I have a feeling they still don't, but have been priced out of houses.
  2. I can't remember ever understanding why anybody would want to live above a shop in zone 6, at any price.
  3. The north is dreadful. I aspire to live in London. Even when HS2 gets here.
  4. Michael Flynn down in the comments section under the article is convinced he has it all worked out.
  5. I did like this comment.... "So they made £160k or so. Plus they got to live in Vietnam (oh the irony), off the income."
  6. I'd go along with those numbers. Not sure about the media though, in the place I am most familiar with it is reported. I don't see much of the media from other countries so can't comment.
  7. Absolutely right, which is why I am surprised when people think there is anti-eu sentiment being kept quiet by the press. In the same poll, % of Spaniards who believe EU has benefited them over the last 30 years, 78. Hardly surprising. I'm sure the results would be different in Greece, but to suggest Spain would want out is somewhat wide of the mark.
  8. That should be without exception (mods... why no edit capability?)
  9. I live in Spain. Spaniards hardly mentioned Brexit at the time of the vote but since Article 50 I've been asked for my opinion at least 3 times at every social gathering I've been to. Almost with exception (one of my friends is from Barcelona... he's the exception) they can't understand the decision and think we're crazy. At the time of the vote a poll of Spaniards found: 64% thought we'd vote remain, 25% thought we'd vote leave Asked, "if you were voting, what would you vote": 80% would vote remain, 12% would vote leave. Printed in El Pais but I don't know which polling company was involved.
  10. Oops. Just spotted there's the other thread. I have no delete or edit buttons so can't remove it.
  11. Never mind S24 slapping them in the face, their Mum should get in there first with a good hard one. Then again, she brought it upon herself when.... "we supported their learning throughout school and university; we have never pressured them towards any particular career". This is why kids arrive at 30+k of debt with no chance of earning it back after studying a pointless degree for 3 or more years. She should have seen it coming. She's also missed the point that a BTL property empire is supposed to deliver a life leeching off the 'fruits of hard labour' of others, not her. Thankfully it seems that's not working out well, with or without S24. I'd buy them their tickets to Cambodia and move house.
  12. I see IT jobs advertised today at similar rates to well over 10 years ago. It's outsourcing and importing people that has resulted in the situation. My son works in IT for a London-based financial services company and the last dozen or so recruits have been non-UK people. I'm just catching up on the thread.... in answer to the question about uni debt, the reason to go is to get the absolutely necessary degree needed to work in many parts of the world. If people manage to get into a job and get some experience they can go off and ply their trade elsewhere, or stay here and be part of the long term decline.
  13. I've lived in a few countries and would call-out the UAE and Spain for awful new builds. It's easy to have a poke about what the government should be doing but in fact a lot has been done to raise standards. A friend of mine was thrown across a room in his Spanish villa last week due to poor wiring and the failure of the circuit breakers. What's sad about housing is that if you gave 100 average people an hour with an architect to work out and draw a home that would be the ideal living space for them, precisely none would draw the house the live in, or houses they will in the future live in. And they enter 30 years of debt to buy something that really doesn't suit them.
  14. The 2nd paragraph in section 2, the FAQ's speaks loudly to me. "Consequently there is no complete picture of the number of migrants to the UK or foreign nationals in the UK who receive UK social security benefits and tax credits, or the cost of this." This is what happens when you pay people public money to give away public money. They don't cease to give a s**t, they never actually give a s**t. They just dole it out.
  15. Would be interesting to see the numbers claiming vs. resident by each nationality.
  16. I'm in Birmingham and most of what goes on sale is being bought very quickly, but prices seem to be levelling. An EA I met recently thinks the growth is at an end but as you might expect was predicting that prices hold rather than crash.
  17. Agreed with all you have said in this thread so far. Being in a similar position I don't feel I am one of those who can fix anything. In the past I've sold a house for less than I bought it for but it wasn't any kind of grand gesture on my part, I needed to relocate and needed to shift it within about 3 months, and took what I could get. Others, like down-sizers, for example, aren't in such a hurry and might then hold out, or rent out. The reason for the sale is an influence on the decision, it's not always solely about the price. I'm one of those who has no gripe about how the market has worked despite having been hopeless at predicting it. Well, one gripe which is how BTL has royally screwed it up by removing so much FTB stock.
  18. Probably wants to stop handing the agent 10%, or whatever it is. A couple of things I can think of for you to consider: What's going to happen to the deposit, if you gave it to the agent you should get it back and then ask the landlord where he is going to hold it. You're probably going to have to sign a new contract if the current one mentions the agency, so ask if you can see the one he intends to present to you, or at least get confirmation that it's not going to be different from current T&Cs.
  19. I dunno. I'm 50+ and after getting a mortgage at 14.5% I then bought the sofa on a 33% credit deal. Years earlier (when I was living at home) my mum installed central heating in our house on credit. But I do stress to my kids that they should never use credit that isn't immediately paid off.
  20. Heck, they're going to be feasting on each other. Almost makes me want to head over to meetup.com and attend one of their gloating sessions. Violence might break out.
  21. I agree. I think the online agents will do very well but there will always be a place for local agencies. I think we'd be seeing many more closing already, were it not for the amount of rentals going on. A couple of points from recent experience: I was thinking of either selling or renting my place recently so I had a chat with one, and in his one high street office he claimed to be managing 3500 rentals. Astonishing and at 8% very good business for him. He makes more from managing lettings than from sales. Also, a friend was looking to buy and saw something come onto the market at a price that raised the question, "what's wrong with it?" Clearly a case of it being undervalued by an online agent who didn't know the local market. It had 30+ people looking at it on the first weekend, and this is in a location where the market has slowed in the last few months. The seller would have been better putting it with a local agent who we are sure would have got more for it. But, were I to sell I'd go online, but I'd set the price.
  22. I know Funding Circle lends to property developers and has recently changed how they assess the risk of those loans. I guess some HPCers might want to avoid such investments but p2p is a real pain unless you click the auto invest button, because otherwise it takes so much time. The downside is that you might invest in something you're morally against. But then who keeps an eye on exactly where their pension goes, or their union subs! It seems even unions are doing BTL these days.
  23. Well yes. Well almost. There was smoke, and not a few mirrors. Family ownership apparently obscuring responsibilities. Such was the level of obfuscation that I was looking for strings, believing that my mate was in fact a puppet manipulated before my very eyes for so many years without me even realising it. That's ****** actually, he did in fact take it on the chin. Sadly, I must report, because he is in receipt of a gold-plated public sector pension the like of which most are better off not receiving for it may fatten their bodies and sozzle their brains, given little need for any effort in their later years. Were it not for infra red he might occasionally get some exercise. Still, a victory for the HMRC and small but welcome consolation for PAYE types who never get the opportunity the delay their contribution for even a month. It shows they are looking, and long may that continue, especially now that these BTL types are shifting to the much more visible LTD structures.
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