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Switch625

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  1. 2004, fifteen years and counting and perhaps the doctor may finally be right after all. FIFTEEN YEARS! I never once thought this madness could possibly go on for so long. Truly never have so few profited so much by fleecing so many.
  2. Or as the BBC is now spouting wageS. "I feel refreshed: Brits embrace multiple careers" and they have even coined a cool new term for it "Slashies" 🙄 https://www.bbc.co.uk/news/business-47984295]
  3. "Never attribute to malice that which is adequately explained by stupidity." Hanlon's razor
  4. If the sheeple ever work that one out, the powers that be should be very worried, there will be torches and pitchforks ... or the modern day equivalent .... which would be mobiles and plastic spawks I guess?! ... So perhaps are Overlords are sadly safe after all? 🤔
  5. Just listened to "property expert" Paul Shamplina giving his views on this. https://www.propertyindustryeye.com/government-announcing-intention-to-abolish-section-21-today/ Has a wonderful insight into the murky waters of his mind at 9 minutes and 30 seconds. "When there is rent arrears and money orders judges ... err .... err .....err ..... landlords" So there you have it. Straight from the horses mouth, being a landlord makes you a judge 😂😂😂
  6. Correct. Thus the Scottish system LL's thinking they can just "Whack the rents up init" (sorry Wig) will be in for a nasty surprise.
  7. All grist to the mill, Lets hope they follow the Scottish model which has been in place since 2017. https://www.gov.scot/policies/private-renting/private-tenancy-reform/ Key elements; Open-ended tenancies Rents can't go up more than once a year and you must get at least three months' notice of any increase Referral of rent increase to a rent officer, who can decide if they're fair If you've lived in a property for more than six months, landlords have to give 84 days' notice Meaningful arbitration for wrongful termination orders which can award up to six months' rent in compensation Possible caps on rents
  8. This has the smell of the Iceland banking crisis all over again. Now how did that one play out again .....?
  9. Thanks so much for that article! When what has been talked about on this site for years as inevitable truths finally hits the main stream, you know it's just the start. The comments are very interesting, still plenty of people in denial, comments like "I will just buy more properties", "we are considering selling in a few years" and that old chestnut about houses not held by a landlord somehow magically vanishing from the housing stock, so I don't expect immediate changes. But if this starts a mortgaged landlords sweating then happy days. I tend to agree with those that have mentioned that the major problem is not landlords alone, but mortgaged landlords. In some local areas, like Cornwall, this isn't the whole problem. In Cornwall a lot of houses are second/holiday homes and this has a radical effect on driving up prices in what is a poor area of the UK, how many of those have been purchased with debt? Probably quite a few, but before all this madness was inflated by the red, blue, yellow house price obsessed parties, there was already a problem, so sadly even if this causes those mortgaged landlords to face the effects of their toxic financial decisions, I still don't see it resolving the local housing issues in my county. One of the biggest financial bits of news to hit the main stream media in decades, but funny thing I haven't seen it mentioned on the BBC, go figure
  10. Agreed! And yet just when everyone had finally thrown in the towel and accepted the new "normal" along came a black swan and around we went again. I threw my hat in the ring last year and declared I thought the time was now ... errr .... then, if you see what I mean. Looks like I was right for London and the surrounds, to a limited degree, which is what I was basing my view on, but spoke too soon for the rest of the UK, at least for now. Anecdotally my sister just sold her flat in Maidenhead and bemoaned that she had lost money. On questioning, she didn't actually lose anything, she made a tiny profit after fees etc. she just didn't get the original asking price and effectively lived rent free for a couple of years. Few of the other properties nearby are selling and those that are have all discounted markedly from the original asking price to the stage where people in Maidenhead at least, are beginning to realise loses, small ones admittedly, but loses are becoming the new norm in the M4 London commuter belt.
  11. You are not alone bro! On the same mission as you, I found a pair in my waist size, couldn't even get the legs past my calf!! Clearly not the shop for me
  12. Nice one Spy. I am seriously looking at getting in over the next year or so ... market and finances dependent. Handy looking site.
  13. Sorry to be a pedant, but I hope you meant "deprived" .... but then I don't know the area well so perhaps you are right.
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