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crazypabs

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Everything posted by crazypabs

  1. Northern rocks business model was to lend money as cheaply as possible to as many people as possible but make money from the fees charged. We remember how that worked out!
  2. Slightly sarcastic headline but then this is a man who helped bolster the housing market to it's current rediculous levels. https://www.express.co.uk/life-style/property/1798926/Phil-Spencer-why-property-wont-sell/amp
  3. If you make an offer the agent is legally required to pass on the offer. You however haven't made an offer. Stand firm and make an offer, they can only refuse. You are in a strong position at the moment as it has become a buyer's market.
  4. I love this site and enjoy reading everyone's posts, unfortunately there's nowhere to put this post. Is it me or is the rest of the world getting hotter right now and we're getting wetter. Have we, (the world currently going through the ai revolution) royally messed the world. So now the rest of the world is burning up is everyone going to attempt to escape the heat and apply for refugee status from the heat at a lush moist (wet) country. Consequently are we going to have to change our country's economy from a service/tourism industry back to a manufacturing economy because there won't be enough other countries with the staff that can work during the day without ending up like one of Blade's victim's... Just a Sunday morning rambling... happy Sunday.
  5. This is what is happening in the PRS. Don't pay your rent, then on the last month before eviction can start, pay 1months rent and the stopwatch is reset.
  6. So am I understanding this correctly? You don't pay your mortgage for 11months, no effect on credit score, then make one payment in month 12, that then resets the 12 grace period, rinse and repeat... I'm going out to but a 10 million pound home and pay one payment a year...and there's nothing you can do about it!!! Not corrupt at all!??
  7. A blog in Bloomberg discussing the issues on the UK housing market Where Next for a ‘Teetering’ UK Housing Market? Use of Archive.ph to avoid the paywall... https://archive.ph/Fx3Kb
  8. Also here from the Times: https://archive.ph/mAjVK Ps. Bypasses the paywall
  9. 2.4m btl'ers doesn't equal 2.4m BTL houses, each btl'er has a few houses, so more like 5 to 10 million houses
  10. https://www.landlordtoday.co.uk/breaking-news/2022/10/beware--hmrc-tracking-down-landlords-with-undisclosed-income Financial consultant says HMRC is cracking down on undeclared income.
  11. Booming, the Rightmove competitor, has gone bust https://news.sky.com/story/amp/purplebricks-founders-property-portal-boomin-turns-to-bust-12735048
  12. Hsbc a UK bank? Last I checked it stood for Hong Kong Shanghai Banking Corporation!
  13. So now that no-one in UK wants to buy a house or can't afford to buy a house due to the high interest rates, what do readers think is the possibility that foreign money is going to flood the UK and start buying 'cheap' properties due to the low value pound thus propping up the house prices? Discuss...
  14. https://www.mumsnet.com/talk/am_i_being_unreasonable/4642782-to-be-terrified-about-mortgage Yum
  15. With Amazon prime its the seller who pays for the shipping but absorbs it in the selling price.
  16. If you nationalise the water, then you'll open the floodgates to unions striking and cutting off water because no-one is working and it's apparently unsafe to run the water plants. Win win all round.
  17. Also found here on Bloomberg https://www.bloomberg.com/news/articles/2022-07-22/china-evergrande-ceo-haijun-resigns-shawn-named-successor Huge Ponzi scheme, using customer deposits to loan to new customers!!!
  18. Chinese developers are now so desperate that they are letting people use farm produce as a deposit for a house. https://www.bbc.co.uk/news/business-62046282
  19. Property developers lead campaign effort to stop new homes in Amesbury https://www.salisburyjournal.co.uk/news/20210875.property-developers-lead-campaign-effort-stop-new-homes-amesbury/
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