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House Price Crash Forum


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Posts posted by Jugador

  1. 13 hours ago, longgone said:

    20 years ago the employees of the shop where given free digs upstairs. 

    it is a disgrace really it is.  700k though  is insane 350k is insane 250k is insane. 

    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. 52 minutes ago, GrizzlyDave said:

    My general view is that there is widespread support for the EU across Europe, from the people's of Europe. But, it is not 100%.

    It ranges from country to country and is highest in Germany (say 80% support), and lowest in the Netherlands and Sweden (65% support).

    Maybe these numbers are a bit off, but let's just say for arguments sake that across Europe 25% of people are anti EU. That sounds reasonable to me.

    My question is - where is that voice being heard, where are the 25% I can't hear them. It's not that they are silent, it's that the meeja don't report it.

    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. 

  3. 1 hour ago, ccc said:

    When you live in a country surrounded by EU funded infrastructure projects that enhance your daily life you will generally be rather positive about it.

    Funnily enough - our contributions per year are about the same as the benefits Spain gets per year.

    And our outlooks on it are so different. Who would have thought.

    I can't quite put my finger on it but there could be some link there...



    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.

  4. 55 minutes ago, GrizzlyDave said:

    You need to lift the polished bonnet of the EU and look under the hood.

    On the surface - it's all against the UK - the UK are deluded, etc

    What about citizens in Greece, Spain, France. Let's hear from the suppressed voice that supports Brexit.


    because the media doesn't agree with it.

    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.

  5. 3 hours ago, sideysid said:


    Mum has bought two BTL properties each for the kids (following in the footsteps of their father - whos most likely been financially shafted in a divorce settlement) that are hardly even paying for themselves, no mention of S24 changes.

    Kids have some liberal utopian dream of starting some socialist project in Cambodia, while building a property empire.

    Mum is worried that they're leeching off of her 'fruits of hard labour'.

    I hope S24 slaps them in the face.

    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.

  6. 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.

  7. 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.

  8. 24 minutes ago, flb said:

    The figures in the pdf I linked speak loudly.

    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. 

  9. 1 hour ago, Greg Bowman said:

    Yeah yeah and I want to buy a Ferrari for the price of a Focus ST. Not really the point is it, I actually said prepared to take quite a bit less as probably is all the chain. HPC sometimes feels like a left wing media agency who can't quite believe Brexit happened. There are hundreds of thousands of couples probably millions who have no gripe with how the property market has worked, understand that the property bubble was insane but having 'won' that game there has to be the right conditions to help resolve it because quite probably  we are the only ones who can.

    Otherwise the market will just be stuck which can only favour the older generations

    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. 

  10. 8 hours ago, Si1 said:

    I have received a perfectly (on the surface) pleasant letter from my landlord, indicating that at the end of my annual contract to rent my family house from an agency, he will end the involvement of the agency and rent to me direct....

    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.


  11. 43 minutes ago, papag said:

    They still did the right thing tho in the main, unlike most of today's buy now pay later society , now then whats my Credit Score :)


    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.

  12. On 23/01/2017 at 4:54 PM, Greg Bowman said:

    I think online in a high value asset arena won't impact as much as you think....

    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.

  13. On 10/02/2017 at 9:22 AM, xiox said:

    You can also already buy some investment trusts which do P2P in a stocks and shares ISA, for example P2P Global Investments (P2P) and Funding Circle SME Income Fund (FCIF). These have the advantage of being liquid and more diversified. I haven't investigated how much property lending is bundled up into these, though.

    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.


  14. 26 minutes ago, mrtickle said:

    Oh, superb! That's wonderful. How did he break the news? Was he resigned to his fate admitting he'd been committing fraud and now has to pay? Details please! :)



    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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