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Everything posted by longtomsilverunderwater

  1. This is what we did with our new Mercedes. Purchased via PCP to take advantage of the dealer contribution (18% off RRP) then converted to a traditional loan @3% over 7 years. Overpaying so should be cleared by year 4.
  2. Heard that advert on the radio for the first time yesterday. Can’t remember the exact figures but it was something along the lines of £160 a month over 3 years with a £3k deposit for an A class. Remind me I need to get a new back tyre for my gixer1000
  3. One of my bookface friends is married to a full-time property developer and BTL investor. He tags her in all his nauseating successs and one of them popped up today and what struck me is the methodology in marketing the property. Basically, if you need to ask the price you can’t afford it lol working backwards £525p/month 6.6% yield means you can win this delightful investment opportunity for only £95,500 in Telford - what a bargain :sigh: http://www.mannleysproperty.co.uk/properties-for-sale/property/8309128-richmond-court-wellington-telford
  4. Detached coach house get on the same page as the poor sap who swallowed the brochure. As an aside it’s worth noting that the company managing the leases Fairthatch ultimate owner is the John Lewis Partnership Pension Trust. Wasn’t there once an old wise man who asked for and was promised a grain of rice on the first square of a chessboard doubling for each subsequent square ending up with a mountain of the stuff. Agreed, most certainly HTB with very little or no equity - if it was me I’d walk away and post the keys through the letter box of my mortgage company. Refuse to partici
  5. In most companies nowadays the employees pension fund are run separately to the directors ones. Patronisingly, it’s either a woefully funded people’s (pauper) pension for the masses or the generously funded executive scheme for the fat cats. When companies fail spectacularly like here these things need to be looked at as I doubt the BoD will be holding out for the crumbs from a PFF rescue. The Phoenix four are a shining example leaving with multi-million pound pots for putting £10 each of their own money into Rover. The rules haven’t changed neither has the game.
  6. I bought @ ~£2.10 and sold ~£1.40 how I managed to exit with such a meteoric fall anyway it’s cathartic to see to say the least. I bought this for the dividends and never received one lol it’s the suspension of the dividend that saves me from losing it all on here as the rational head overruled my gamblers confidence to hold. Enronesque indeed.
  7. I had considered doing this after cutting my losses at ~50p however, once bitten twice shy. Sadly, I visited my godfather (still farming at 81) over Christmas and he told me of the size of his Carillion holding (x10 what I had) I wanted to tell him to take what’s left of his money and run but not qualified to offer advice I refrained from doing so. He reasoned that they’d go back up ?
  8. You linked me in that post and that came across as a dig. Only clarifying that not everyone who drives a merc is doing so by living beyond their means. It’s not a status symbol - truth be told the exterior is rather bland.
  9. Balfour Beatty shares are up this week to ‘almost’ a five year high. The recent rise here correlated nicely with Carillions demise it’s a given that they’ll benefit from the redistribution of works as will others in the construction services sector. The net of job losses will be minimised as others take up the slack and recruit. The tax payer should only bail out the pension funds (PPF) and allow this gravy train to die.
  10. We have the new E-class (66) and it’s not on lease, paid for with a £25,000 loan (£16,000 left to pay @3%apr) using cash in lieu of company car that’ll be cleared in two years and run for a further year as a company car then put out to pasture as a 100,000 mile second car. Entirely rational purchase and in effect FREE.
  11. Rubbish! Mercedes, Audi and BMW are a world away from your Hyundai or Vauxhall in terms of quality and refinement. That is their USP and justifies their premium price and status. We had a Vauxhall hire car on a few occasions and they are nasty, underpowered clattery machines with poor real world fuel economy. Hyundai’s aren’t much better but nowhere near as good as the German marques.
  12. I lost £14,000 on this turd. Hopefully in light of this investigation there’ll be a shareholders action group. The board of directors have gotten away scot-free to date. Blatant fraud. Thankfully I’m no longer underwater in other areas and can take this one on the chin.
  13. I worked as an interventionist at my then local job centre many moons ago signing people on and it was so common to see a woman in her mid-40s turn up pregnant and as you say the age gap between the younger siblings and the new addition went right across the school age spectrum. Some were unemployed for so long that the original payment system had been superseded twice and their original date of perpetual dosserhood had been lost in the porting. This was back in 2003 and as I remember the LMS (labour market system) held records back to the 80s.
  14. BMWs that are 2 or 3 generations old maybe but not anything that’s come to market in the last decade. Past performance isn’t necessary a guide to future bangonomics gains.
  15. A used BMW out of warranty is possibly the worse choice of car. The only thing reliable about them is that they come last in JD Power reliability surveys. MrsLTS has had dozens of salesmen driving clichéd BMW repmobiles and there was always one or two back at the dealership being repaired to the extent they had an additional pool car (a ford) to take the slack.
  16. This. Five years ago to the day (Christmas Eve) I wrote off a 4 day old Mercedes SLK (3+23 @ £307) however it took four months for the insurance assessor to write the car off so that was an expensive 4 days and 200 miles of leaseeship (£2.5k). They settled with Mercedes Finance but my payment had to clear all the same.
  17. For the millions of childless couples scraping by on 30x2 zero hour contracts or other gig economy participants this 6% rise represents 20%-40% of their combined net disposable monthly income. I work and have worked with many of these people and they have nothing other than £50-£150 at the end of the month which isn’t even much of a rainy day contingency. One girl I know was unable to afford £60 for an emergency dental extraction and suffered toothache for two months. I barely lasted a week when my wisdom tooth induced cracked one had to go. £10 is a fortune to many, sadly, except those i
  18. The debt will be proportional to the house value and it’ll be higher lower down the chain. Most houses over £250,000 are mortgage free to the odd mega mortgage self-cert here and there will only add a statistically blip.
  19. I'd rather sleep/live in a tent than one of these microhomes. My brother-in-law is a mediocre architect who mostly does interior design and is trying to get my mother to build one of them on her garden in Shropshire. The cost of the project he proposes is £150,000 for a 3 bed which is a damn sight more than what it'd cost to put up a traditional bricks and mortar house. It's a money spinner.
  20. I'd consider a motor home or even a caravan as an extra room on our drive in perpetuity or make use of one of those gliding club pitches that fall into the grey area where I know people live practically all year around for circa £500 plus club membership fees. You get shower facilities, a cafe and the chance to get towed into the air on good days if you happen to be around. Out of season the people living on-site claim to be carrying out maintenance on their gliders or instruments.
  21. Isn't that brave of them after all their outsourcing to India debacle and the system breakages including people not being able to access their money.
  22. The rental yield on farm land is dismal (<1.5%) so one can only assume prices have risen because of the IHT exemption, so bubbletastic wouldn't it have made more sense for these millionaire bankers and farmers to leave an inheritance in liquid assets and let the heirs take the 40% hit on anything that doesn't fall within the allowance. I remember when my uncle bought a sizeable plot of land (20 acres) in Hertfordshire for ~£40,000 must be 30 years ago, two thirds were woodland and he was pretty much self-sufficient for logs, we'd go collecting in his battered Land Rover. It was so much
  23. Looking back the 35,000 shares I no longer hold ? IQE are doing very well at least I have a little skin in the game here.
  24. I live in a rural area and indeed is crime is well up, especially theft of agricultural equipment. The tree surgeon across the road had his wood chipper stolen last month that meant a loss of income plus the £10-12k replacement. Insurance won't pay out either.
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