richmondtw
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Posts posted by richmondtw
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who cares ? Who listens to any so called expert ? It is just one person's opinion. Just wait and see what happens.
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3 hours ago, Si1 said:
If house builders conduct fire sales. Where does that leave Help to Buy?
It still means buyers are buying 80% and the govt own 20%. whatever price a house is sold at.
Builders will just stop building if the market falls when the existing sites are old out.
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I work in the AI industry. The recent situation has prompted a deluge in enquiries from businesses whose owners are looking at way to cut costs.
Admin jobs which are low skilled will be all but disappeared within 20 years.Anyone who is not skilled in a sphere for which there is demand will be unemployed or very very poorly paid.
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2 hours ago, Roman Roady said:
We have COVID and BREXIT so HMRC are kinda busy at the moment.
Why KINDA ?????????????????
No one is KINDA anything - they are or they are not
I do not understand why so many people say KINDA - LIKE and do that idiotic thing of raising their voice at the end of a semtence so that it sounds like a question
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On 6/6/2020 at 1:08 AM, MonsieurCopperCrutch said:
This is welcome news for those renters on here and just confirms that all that irrational ire over mortgage holidays (when you could always get a mortage holiday anyway) was badly misplaced and ill-judged.
OMG heresy on this site !
Was not misplaced or ill judged just and spiteful
On 6/8/2020 at 7:01 AM, regprentice said:As I understand most contact tracers are a 'work from home' opportunity being done by single mums, sitting in front of 10 year old laptops in their dressing gowns watching Jeremy Kyle out of the corner of their eye while taking your notes.
Do you have any evidence for that
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18 hours ago, gruffydd said:
It doesn't alarm me because I see total collapse in my sector right now (digital/tech)
my co does AI + robotics we are busier than ever before
12 hours ago, Social Justice League said:Don't waste your life working for 2020 fiat.
Waste it working to pay rent
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26 minutes ago, Si1 said:
Still gives them a roof over their head.
If they want a roof they should work
6 minutes ago, Simhadri said:If Labour had been in power during this time, I can imagine the horror with commies messing up economy.
If Labour were in they would have offered a free house eot everyone in Palestine which is corbyn obsession
24 minutes ago, Si1 said:ost of it goes to the tradesman.
Yes
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On 7/2/2020 at 11:36 AM, rantnrave said:
So, for every £156k vendors are initially listing their properties for, they are achieving £100k...
Put differently, a property first marketed at £312k is currently selling for £200k. Or, for every £78k asked for at the outset, only £50k is realised.
LOL yea ok then
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10 hours ago, Social Justice League said:
Either the Chinese become the number one super power or the US will nukes them and takes the whole country out.
LOL
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On 7/3/2020 at 10:54 PM, Simhadri said:
Confirms my suspicion that Starmer is Corbyn 2.0.
Kiss Labour a goodbye. They never change.
Yes but after the next election they will say - the public loved our policies - they just do not understand what we are saying - they are too stupid to get the message - they are all racist
Same old Same old
As the saying is to keep on doing the same thing and expect a different result is a sure sign of insanity
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16 hours ago, Oki said:
Naturally the communist Guardian thinks the creation of more private housing is a bad thing. b*****ds.
Certainly leftist and socialist. They hate the idea that some people have more money than others and think that anyone who earns a good living should be looked at with contempt.
16 hours ago, winkie said:People tend to buy homes only if they think someone will later buy it from them for more....
I do not think so. I think going back to 2014-16 a lot of folk bought then as prices were incensing rapidly and it was a defensive move to buy something before prices rose to a level where they would not be able to do so.
Since 2016 prices have not gone up so very few will have bought thinking they are going to see huge capital growth. Indeed if the price of the home goes up so will the price of the next one so there is not any real gain at all.
I think most people who buy would just prefer to own their own home and prefer not to pay money to a landlord.
14 hours ago, PeanutButter said:But do go ahead and buy one of the office conversions. I’d love to see inside!
If you do not like then do not buy one.
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18 hours ago, Odysseus said:
Same here - local village pub is dead. Average customer age is about 75 so I guess their core customer base are too scared to venture out. The landlords must be hanging on by their finger nails.
Totally the opposite where I am - I go to a local which is a drinking pub - very mixed age group from 18 year old footballers and cricketers to a few people well into their 80's - does not do food everyone knows everyone in the place. Was steady all day with a great atmosphere and people genuinely pleased to see people they have not seen for months.
Yes we had to sit and no standing was allowed at the bar but that is fine we were able to meet and chat and have loads of banter.
18 hours ago, shlomo said:It is also programming, 3 months of not going somewhere you come to the realisation it was not important, I went to the barbershop I was the only customer I was surprised as I thought it would have been packed, we have changed as a people
Again different to my experience I was going to go for a haircut but the the local ones to me had a huge queue outside so I left it.
13 hours ago, moonriver said:I too have learnt to love the outdoors plants, birds etc so much more, and I can't even be bothered now with my usual necessity of having to apply make up every time I step outdoors, and it feels like freedom. ?
Agree I have spent a lot of time with bird feeders etc
11 hours ago, simon49 said:You have to book to go in, give your personal details to go into some sort of an app, you can only pay by card in many, even using the loos isnt straightforward. When I go out for a drink, I like to leave my phone and glasses at home. I cant see who on earth wants to put themselves through all this.
Same in my local I registered and gave details when I arrived. It took 20 seconds I do not see it as a big deal and clearly nor did the other regulars who were there. I will give 20 seconds of my time to meet people whose company I enjoy and to enjoy the pub atmosphere.
My local used to be cash only now they prefer a card payments bit that is no great hardship to me. I also want to support local business of which this is one.
Similarly if I go for breakfast I go to the local independent places rather than the big chains.
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1 minute ago, Bruce Banner said:
And if you've made more money with the capital that you would otherwise have had tied up in a house than you've paid out in rent?
If you have good luck.
Personally I am not obsessed with money. My house is my home for me and my family not a financial investment. Money in the bank has no emotional attachment, for me.
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On 6/27/2020 at 3:28 PM, Mikhail Liebenstein said:
Yes, very much so. They also don't want to pay their fare share of anything. And expect special protection from COVID at great expense to the young.
I do not know 1 older person who has that attitude. It is not older people who are out protesting in the middle of a pandemic they respected the lockdown. It is not older people who were getting drink and fighting on beaches in Bournemouth.
On 6/27/2020 at 3:28 PM, Mikhail Liebenstein said:I have little sympathy for those who are 52+ with type 2 diabetes and obesity - walking is cheap and effective.
There is an epidemic of obesity in young people as so many eat rubbish and do no sport and for them I have zero sympathy.
On 6/27/2020 at 3:36 PM, winkie said:luck of the draw, luck of life,
Totally
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On 6/27/2020 at 12:25 PM, Speed1987 said:
I was a socialist in my late teens and early 20s, then the world woke me up.
Same - I was a socialist until I started earning good money and understood what happens to tax.
On 6/27/2020 at 12:34 PM, shlomo said:Do we want an affordable home, or do we want a super bargain, sometimes the line is very blurred
Agreed – there are many people who seem to have a hatred of others who have bought a house that has gone up in value whilst at the same time saying that they want to buy at the bottom of the market at a very cheap price and think that this makes them very clever.
On 6/27/2020 at 12:39 PM, Speed1987 said:The shoe box comparison in London, is at the top of the bubble, out of reach for the majority. Similar to a Ferrari, there will always be a demand for them. Convenience & location underpins that's price.
There is no delusion here, you are failing to incorporate yourself within the game.
While some have rented on here years, others have paid down their mortgages.
Rent money is dead money right? So even if a house loses 50% value who lost?
For the majority of sensible buyers, they will win from buying a house.
Agreed anyone who bought a house on 2008 would now be about halfway through the mortgage term. Irrespective of the value of said property they are halfway to owning their own home.
On 6/27/2020 at 12:58 PM, scottbeard said:The first mistake is to assume that all 6,000 HPCers have identical beliefs, and that the 150,000 mumsnetters also do.
The second mistake is to take it as a self-evident fact that you're right and 150,000 people are all wrong.
Agreed
On 6/27/2020 at 1:02 PM, xxxx said:Rent is not dead money in a falling market. When the SE house prices fall 50%, I will receive all my rent back, and more.
You will not get your money back it has gone into a LL pocket.
On 6/27/2020 at 1:02 PM, xxxx said:would much rather be a renter right now, than a oo who has brought in the last 10 years. HPI in the last 10 years does not encompass sensible buyers. A sensible buyer equals buying a house for value for money and reasonable house price/salary ratios.
What is reasonable price/salary is subjective opinion.
A sensible buyer buys a house to be a home and a place of security and comfort for themselves and their family - not an investment.
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On 7/1/2020 at 4:57 PM, dugsbody said:
No amount of patience is going to take that property back to 2010 levels.
If it is a home and not a financial investment it does not really matter.
If I had a mortgage I would rather pay that off than pay a LL mortgage for him.
I think too many folk think of a property purchase as a financial investment rather than a home for themselves and their family
41 minutes ago, dugsbody said:Basically this. You have stamp duty fees, moving costs, lawyers, then the rent costs more than the interest you pay on the mortgage, and what do you do with the money you have just gained from the sale? Risk it in equities while waiting for a house price crash, knowing that in all likelihood equities will also crash if houses crash. Or do you put it in a bank account earning nothing?
If you actually did the maths instead of using gut feel, I think you'd find you'd need something like a 15% crash after a year just to break even. And this just keeps getting higher the longer you wait. You better be very, very certain of that house price crash.
Agreed - a load of hassle and time spent - worrying about property prices - lining a LL pocket - all for what?
To save a few £££ !!!
Think of a house as home not a financial investment
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1 hour ago, Killer Bunny said:
This will exacerbate / elongate the HPC. Bring. It. On!
If people are unable to get a larger mortgage they will just not move and stocks will be low so prices will not fall
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7 hours ago, RomfordDon said:
Let’s say prices fall 60% would you be tempted? Do it as a limited company or some other model?
No chance they will fall 60%
8 minutes ago, sammersmith said:My personal of experience of BTLers was that they are low self esteem losers wanting to pretend they are successful in life,
LOL utter gibberish LOL
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20 hours ago, GregBowman said:
I wanted to marry under the auspices of my god the piece of paper from the government was irrelevant
That is fine each to their own - personally I am an atheist I and my partner are very happy with no bit of paper or god
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On 4/17/2020 at 10:39 AM, markyh said:
I would let a judge make that decision, unfair T&C are not legally enforceable. If their T&C said if the sale fell through they had to give up their first born child to the builder, would that also mean there is nothing they can do? Junior now belongs to the housebuilder!!
It is not unfair it is a standard house-builders clause and has been for many years. If they want to take that to court they will lose more money.
On 4/17/2020 at 8:04 PM, dryrot said:But what were the buyers thinking; making commitments on their propeosed purchase before they had exchanged on their own property?
Exactly
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35 minutes ago, Speed1987 said:
the number of new homes being built, with 85,000 predicted to be lost this financial year, according to a study by the property agency Savills with the housing charity Shelter."
Good news, the free market has spoken.
Supply and demand ! Less houses will stabilise prices
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12 hours ago, Warlord said:
Both parties are commuted to HPI forever and have been for 20 odd years
Yes
12 hours ago, Bruce Banner said:12 hours ago, HovelinHove said:Mate, not sure if you know this, but the election is over...6 months ago.
So they are beyond scrutiny?
There is no election for 4.5 years - they have a huge majority - no point whinging about it
11 hours ago, Dorkins said:That wasn't the last ever election mate, there's another one coming. Tick tock.
In 4.5 years
11 hours ago, iamnumerate said:They supported HTB and wanted to increase immigration and housing benefit.
I don't think they were attacked relentlessly the BBC didn't even report Naz Shah's comments about raped girls not going to the police. I think if she had been a UKIP member's hairdresser saying something like that it would have been reported (an exaggeration but not much).
Nor was the anti-Semitism in the party mentioned much or the fact that Corbyn has given support to terrorist groups such as the IRA Hamas and Hezbollah. The fact that he said the terrorist killed at London Bridge should have been arrested when no one knew what weapons or bombs he may have had rather than killed.
11 hours ago, MARTINX9 said:Exactly under the last Labour government house prices quadrupled - from affordable even in London to those on an average wage - to unaffordable across much of the country. Buy to let landlord numbers rose ten fold - pre 1997 buy to let was what you did at your local bathroom store!
Blair and Brown also delivered fewer new council houses in 13 years than even Mrs Thatcher managed in just one! And she wasn’t even trying.
The thought that a party which is run by an MP from Camden is ever going to deliver lower house prices either voluntarily is just laughable!
I know many newer posters on year are a bit young to remember the last Labour government but their housing policies totally destroyed the chances of millions of young people ever owning a home today.
Not saying the Tories are any better but even Corbyn backed help to buy!
· The Labour voters do not understand the basic concept of supply and demand. The uncontrolled migration allowed by Blair hugely increased the demand for housing.
· The 3 M EU migrants increased rents hugely in areas they gravitated to. It attracted people who would otherwise never have bought a BTL as they saw a huge rental market/income. It attracted buyers therefore to but homes that would normally have been bought by FTB who would otherwise not have been in the market increasing process. The deluge on people increased rents.
I feel for people who cannot afford to buy a home but for those who espouse mass migration and then compIain about high property prices/rents I have zero sympathy.
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On 6/24/2020 at 10:53 AM, Riedquat said:
I'd like to hope you're right but I'm sceptical. Out of town centres hit high streets and the internet was starting to hit out of town centres even before Covid-19 came along. Town centres also suffered badly from councils trying to bleed them dry but even if that changed I think the horse bolted long ago.
Exactly.
Every time there are problems in the retail sector some people herald it is the forthcoming Armageddon
On
Line
Shopping
Has
Taken
A
Lot
Of
Business
From
High
Street
Shops
DUH
Stamp duty holiday for 6 months for properties up to £500K
in House prices and the economy
Posted
We should but teaching attracts housewives who just want a long holiday. Teaching used to be a vocation now it is a job. Also the way teachers cannot discipline pupils who misbehave and in a culture where it is very difficult to exclude very disruptive and anti social kids makes it an unattractive job choice.
Now.................. funny you say that..............behind me in the street on Sunday 2 BAME folk one of whom was saying he had just been refused a mortgage because of his colour!
No the market was ticking over there was no need at all for H2B it changed it from a stable market to one that shot up.