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Habitationi Bulla

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Posts posted by Habitationi Bulla

  1. Just now, Option5 said:

    Shame :D

    I drove past it recently, it sold at auction for 145K so he'd have got 135k approx. Land alone must have cost in the region of 100k. Claimed once completed it'd be a 300k house, may have been correct if built properly in the first place.

    He was a well spoken and seemingly intelligent man, why the #### he flew over an Indian he sourced on the internet is beyond belief.

  2. 13 minutes ago, Wayward said:

    This relates to commercial property investment...its not clear what this means for everyday Chinese middle classes buying housing in the UK.  My Chinese neighbours had the monks around yesterday to bless their new extension.  I have never seen a building contractor consisting entirely of Chinese workers but they managed to find one (in fact I have never met a Chinese builder before).

    I looked at buying an almost new build house near to Soton a few years ago ...developer couldnt get it signed off by the council as the building work was not up to scratch ... such things as the ceiling going up the stairs was too low and you'd bang your head on it, floors were lopsided and felt like you were going to fall over ... and much much more.

    Anyway the amateur developer had flown in an Indian building team (obviously working illegally) Turned out the Indians were cowboys!

    Developer must have lost a fortune.

  3. 3 hours ago, TheCountOfNowhere said:

    It's just starting as far as I can tell.

    They couldnt give Spanish pwopatee away 2 years ago, now the agents i've spoken  to recently are very very very bullish.

    All the ECB QE has to go somewhere, guess where it's going....

    Is already been going up significantly for some time in Barcelona and Madird, and places where there are jobs.

    Cant find the original sourse, but this link states 20%
    https://www.spanishpropertyinsight.com/2017/07/13/spain-barcelona-property-prices-tinsa/

     

  4. 2 minutes ago, adarmo said:

    Whats interesting to me is that the ratio has held as stable from the crash in the early 1980s to today. If the Chinese buyers were the explanation then they'd have had to be doing it a while. Japan has a notoriously restrictive immigration policy and is a fairly closed border country. Of course Chinese, and other foreign, investors will have an impact but I'm not so sure that explains the relationship of prices to incomes. For example the Chinese have crazy house price to income ratios. The highest in the world in fact. Who is investing there? Is it circular to suggest the Chinese are blowing bubbles in other markets, and their own? If that's the case then there's either something about the Chinese buying houses that causes prices to go crazy, or there's more to it than just Chinese investors if you see what I mean?

    https://www.numbeo.com/property-investment/rankings.jsp

    Maybe im wrong who knows, should have said Asian buyers as from what i've seen they love nothing more than to buy an apartment to leave it empty.

    But there is no doubt that the Chinese with a population of 1.5bln and a sudden cash windfall from a country where the govt can quite easily take everything you've got would look to hide their money elsewhere. And as many would have made money in property stands to reason theyd want to continue with this "cant go wrong" investment.

    According to this foreigners can buy both land and property in Japan, thought only we were so stupid -
    http://www.realestate-tokyo.com/news/can-a-foreigner-buy-property-in-japan/

  5. 1 minute ago, adarmo said:

    But the ratio of prices to incomes is as much of a surprise as the inability of said 'stimulus' to ignite inflation. 

    Said stimulus must have stopped property prices deflating further if approx 6 times salary is what it takes to buy one of their slave boxes.

    Its probably Chinese buying vast swathes of new build flats thats boosting prices, same all over Asia, at one time Bangkok was cheap in Sukhumvit and central areas, but prices ave gone through the roof in 5 years due to Chinese hiding their money.

  6. 53 minutes ago, wotsthat said:

    You obviously have no idea what you are talking about, rates were raised as a knee jerk reaction of  our membership of ERM going badly wrong for John Major and trying to peg the DM, it was forced on us and nobody in their right mind knew it would last, except someone like you probably. Pre BOE you could guarantee a rate cut on budget day just like you could count of Fags or booze going up, it was political ploy that everyone enentually saw through,

    Taking the decision out of political hands was a great idea, that is not the same as saying that all BOE governors post Brown decision were up to the job, still better than politicians though IMO.

    Contradicting yourself in the same sentence, well done.

  7. 33 minutes ago, ThePrufeshanul said:

    Whether it was believed or not is an entirely separate point to the one we are discussing. 

    However much you or I see the benefits or likelihood of a house price crash - expecting the Tories to deliberately engineer one in order to *improve* their chances of winning the next election is, at best, wildly naive not to mention ignorant of how politics in this country works. 

     

    We'll see wont we, i don't suppose you've any more inside information than I.

    Politics is about winning the next election, and they'll do whatever it takes to win.

  8. 2 hours ago, wotsthat said:

    It never ceases to amazes just because there is safely in being behind being behind a laptop screen never to see  the person you are saying is "talking clap".

    You don;t speak to people like that in real life, don't speak to me like that on here.

    Right, where was we .. SO YOU DISAGREE do you............................................

    What you wrote was complete crap, and when people talk crap they get told in my world.

    We aren't all from delicate snowflake worlds where everyone around them has a breakdown, for being told how it is.

  9. 3 hours ago, wotsthat said:

    That is the only one thing I think Gordon Brown got right. I am not saying the BOE are whiter than white, but when interest rates were left for political bribing it was much worse.

    That is just complete and utter crap.

    When the govt were in charge they put interest rates up to circa 15%, who the hell were they bribing?????

    The govt never put rates at 0.5% or better still 0.25%. NEVER

  10. 50 minutes ago, Noallegiance said:

    Does this article not miss the following:

    Raise minimum wage requirements and you may get capital relocation, but we would have far fewer people employed as businesses could not afford them. Cue more automation and/or more businesses going bust, more jobless, and even less ability for society to service debt.

    'Ka' followed by an unhealthy 'boom'.

    For the record, I believe there is no way out other than a painful one.

     

    You mustn't have got the memo, Brown ended the "bust" part of boom & bust.

    Recessions are not allowed anymore we now have growth guaranteed from now until eternity, as if it looks like falling they'll print or give money to the banks for fook all to lend to anyone with a shopping habit.

    Besides the Tory party are already raising the minimum wage to £9 by 2020 .. though i do wonder what that will be in dollar terms by then.

  11. Within 10yr of he BoE fully controlling things they'd destoyed the banking system to the point it needed bailing out with printed money.

    Then we've seen the chaos and destruction this has caused hence why we are sat reading this website.

    The govt would never get away with keeping rates so low for so long as if nothing else itd be hurting boomer savings.

  12. I dont think a LVT will solve everything but it'd enable rent/ land cheaper as people wouldnt want to hold on to it unless it was used for productive use ...   it'd certainly open door to a more productive society with the wealthy/banks having to earn money in other ways ..  like forming actual companies that make stuff!

    I'm going round supermarkets and the price of food seems closer to 10-15% higher in a matter of  few months, could be wrong just my perception. With leccy and insurance bills going sky high for varying reasons, if the Tory party are going to be hunting for money it would seem land/houses is where all the money is at the moment so presumably theyll be raiding this money tree come the next budget ... as opposed to NI on the self employed.

  13. 3 minutes ago, adarmo said:

    If any party of any colour proposed to reduce income tax to zero for everyone under £80k, and replace the lost tax revenue with an LVT they'd get my vote. 

    Funny how its Corbyns gang of so called crazy marxists who are the only people to have suggested such a capitalist policy.

    Neolib/Tory press went into over drive when they saw their way of exploiting the plebs was being mentioned.

    I never understand how its so acceptable to take half of someones wages in one of the varying forms of income tax, yet mention the above and its worse than swearing. 

  14. 1 minute ago, Orsino said:

    How would that work for renters? I rent in London partly because I cannot afford the ludicrous house prices in my area. It's a modest one-bedroom flat with affordable (for me) rent, but would cost over £600k to buy. Why should my council tax be increased further because my landlord has benefited from a dramatic rise in his property wealth? His capital gains should be taxed like many other forms of assets already are. If that discourages the questionable high-paced dynamism of London's property casino, so much the better.

    Good point,obviously i was suggesting this for wealthy owner occupiers as obviously CGT only hits those who move.

    But LL's already pay capital gains tax if they sell, and as many buy to use property for a pension that tells me they don't intend selling.

    Though if council tax was high on such a property theyd have to drop the rent to attract people.

    Maybe some form of LVT so it hits the land owner and not the renter.

    Best policy i think is to raise interest rates, end IO BTL mortgages, max 3.5 times salary mortgages,  bring in S24 for all taxpayers in April 2018 and spend the next few months watching them all run to the exit..

  15. 25 minutes ago, ExiledMatty said:

    Probably.

    The point is that the UK being out of the EU will give movements like Canzuk real  impetus. After all, we have the largest economy by some margin and the biggest population.

    Exactly that.

    Most Brits would prefer to have simple access to go work in NZ. OZ, Canada or the US as opposed to Europe. 

    Couldn't imagine a British bricklayer making a new life in Holland (i work there most years) but they most definitely could in the aforementioned as cultural similarities and language make it far easier. 

  16. 4 hours ago, Patient London FTB said:

    Interesting that Gallagher sold up recently (article has more detail on this). Did he think land market had topped? 

    I'm amazed such an article is in the DT, clearly came from Tory HQ.

    He must think the markets reached its peak if he sold up, and he clearly has insider information.

    Without such complex ways of getting planning permission there isn't much of a business there.

  17. 9 minutes ago, wotsthat said:

    This Ros chick, she really does seem to see herself as a victim up there with some of the worst injustices. Can you imagine being in a relationship with someone that narcissistic, I assume she is single?

    Come on we all know you're trying to find out if she's single so you can get a bit, attracted to her business acumen and entrepreneurial genius no doubt!

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