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Mr. Wapkaplett

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About Mr. Wapkaplett

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  1. Mr. Wapkaplett

    Rural Exetption Policy - Housing

    Thanks, I think this is likely to be a policy that runs, even with a left wing government as it makes sense to fee up more land, wherever it is, but as pointed out it may have to go to appeal and then higher, which is a ballache. I may have a chat with my Parish Council and see what their views are. I do prefer a well written EU law which has very defined articles, but the UK seems to like it grey for the lawyers to get a good payday. Still, these policies are worth exploring.
  2. Mr. Wapkaplett

    Trailer Parks In The Uk

    The caravan act of the late sixties is worth a look at, with some amendments it's pretty much the same. Ok for the times. Now, the parks are slowly being purchased by well financed companies and the high ground rent, rules and the replacement of old caravans are all very much a reality for all year round parks. The concept of a mobile home is sound, from about 2005 the main manufacturers started to improve design with insulation, c/h, d/g etc. The trouble is, the concept of renting a pitch, putting a 5k ten year old van on and then living well is just not possible legally or practically. So, you have to think outside the box. Break the rules?, if all fails, you still have an asset worth almost as much so the capital loss is minimal. Not easy, but doable if you have some contacts or are prepared to do the groundwork of speaking to farmers, landowners, friends with big gardens etc. The trouble is getting planning for any NEW parks, even though we have loads of space for them. I would also suggest looking at the concept of buying a few acres of agricultural land and with like minded people or just on your own just do it. It is NOT illegal to put one anywhere as long as it's not a dwelling, so make sure it is technically not a dwelling. The law is largely still in place to prevent the traveling community setting up new sites, but lets be honest, they have to live somewhere too. My view is that a big trailer park, if built now with relaxed rules would end up being a slum, but with the possibility of going off grid, a little one at the back of a field, well shielded, would not be beyond the realms of possibility. You can still pull birds, trust me.
  3. Hi All I have not posted for years but follow the forum from time to time. Naturally I agree with the sentiment that the housing market is way overvalued especially in the south. It will of course correct, like always but rarely have we seem the state intervene so much in a market since the New Deal in the US. Now Osbourne is a slippery fellow but it seems he has made or will make changes to the rural exception policy on housing. It will go from allowing "social" housing outside of a development framework to extend to "affordable" housing, which has to be sold at a 20% reduction to market value. The reason I bring this up is actually that I have recently bought an old dog kennels about a quarter of a mile outside a village in the home counties. The kennels were not running and were so bad, we tore them down as regs were too expensive to comply with. Well, naturally I am skint, big investment, but lucky to have reasonable equity. I would like to know if this change to the Exception is law or simply a plan/guidance for local planning authorities. I would love to build some starter homes for local families, I am a builder, but not sure where to get proper information on this policy. I do not get on well with my local planning authority...don't ask, long story, so rather not ask them. While the policy does, like others help prop up a market, the principle is sound enough, bust or boom. Any guidance or answers greatly appreciated.
  4. Mr. Wapkaplett

    Question

    If I owned a property outright and let it, would I be able to look at the following scenario? Take advantage of an equity release scheme, giving me say 50% (75k) of the value of the property. I then invest that in ING getting £3750 gross. The rent is say £600pcm so that is an annual total of £10,950 gross. I am 40, not 65, which might be a problem. All sounds nice at the top of a market, but what are the pitfalls and problems. Is it actually possible? PS: Unfortunately it is hypothetical at the moment. WapKap
  5. Mr. Wapkaplett

    Lots Of Sold Boards

    I am seeing quite a few SSTC boads going up and friends recently had an asking price offer on a two bed semi. There are some properties which are obviously overpriced and not shifting, but it seems ones at sensible prices are getting interest. Sensible being a subjective word. The bottom end of the market seems to bit a bit quieter, flats & small houses seem quite highly priced to me and perhaps need to be dropped to sell. I agree that property is overpriced in general, but south of Cambridge in real terms prices have been fairly stagnant for 18 months. I would suggest that places like Swansea would take the brunt of any downturn but who knows?
  6. Mr. Wapkaplett

    Social Shift

    About 15 years ago, Scandinavia began an interesting social shift, which is still noticeable today. What happened is that good value childcare became widely available, allowing both partners the ability to work. Women in western societies generally begun to consider careers etc. My personal experience of this is from colleagues of 10 years ago, who were very pleased at the progressive nature of their country, but amazed that the cost of living slowly rose so that two incomes were the norm'. I am sure this is what has happened in the UK, generally two incomes are required for setting up home. Interesting that this occurs when more and more people live alone, presumably skint. Whether this situation is to be factored in with the other issues keeping prices high remains to be seen, but I believe it is a natural thing. Imagine if you could have six wives, all working, earning 20k each (140k salary inc' you), would house prices stay at an average of 170ish or move higher because of affordability. As this has never happened before (women working in increasing numbers) we have no way of knowing if prices adjust upwards naturally. Interesting times.
  7. Mr. Wapkaplett

    Winners & Losers

    Hi all As you all know the international property market is pretty dead and possibly heading south, so why do you still come to this site? I would suggest that it is for a laugh, good argument and mainly because you want house prices to drop so you can have a chance at the easy buck. Making money, real, serious money out of property since 95 has been a ridiculously easy thing to do, so much so that so many never cottoned on until 2001. Anyway, now it's gone, it may go up or go down but investment will be unattractive for a few years so why don't you chaps look elsewhere, lots of 12-15% opportunities for sensible risk in the world, big world, lots of fun but all I see here is misery and upset, while a decent salaried UK citizen should be looking at global opportunities, Markets come and go, no points are given for predicting them, or waiting fore them. You would be reasonably advised to follow the crowd mid market madness the bail early. Oh dear what do we do, well I don't know but cash is good and I have one question for all the people on this site. What do you do for fun? I like a beer, play guitar in a band, have a fat but loyal wife, a great 14 month old daughter who rocks my world, FJ1200 Motorcycle which gets me the closest to freedom this side of naked meetings with the parish council (who are *****ers obviously). Still got a mortgage, still got headaches at 38, still got a revolutionary streak. You young guys don't sound any different to me.
  8. Mr. Wapkaplett

    Who Owns Britian

    The thing is, what are we intending on doing about it?
  9. Mr. Wapkaplett

    Who Owns Britian

    I would suugest writing to Prescott about this in the first instance as he is old labour stock, and he may well be cretin but does have real power. The redistribution of land does seem essential if we want a society that is not beholden to 1000 years of oppression by the upper class. Obviously the government pay them for their land, and sell it to the masses. How does one go about this without invasion/revolution? No idea, but popular opinion would be swayed if people realised how much they could gain, however the middle classes have small vested interests now (house) so if the price of land dropped 50% they would feel the pinch initially, although their kids get a stake in our country. The think I find most offensive is that in two world wars fighing to protect our green & plesant land, 70% of those killled did not even have so much as a blade of grass to call their own. Now, that is criminal.
  10. Mr. Wapkaplett

    Who Owns Britian

    I have just read Kevin Cahill's Who owns Britain, a book I found recommended on this site. If you have not read it, read it. Essentially the book is a history of the titled classes control over land, law making and their ultimate wealth & power. It compared the UK to Ireland, where a redistribution of land followed the potato famine in 1845. In Ireland now, there are no real "landowners" of the scale in the UK. The average farm has about 64 acres and is family owned. As a result of the majority of the population owning the land and political vested interests being less, they pay ZERO council tax and water is free. The book argues for doubling in the land available for development in the UK with interesting consequences. Buy it, borrow it, steal it off your landlord. Just read it.
  11. Mr. Wapkaplett

    The Last Crash

    Baic 70's flats in Royston, Herts - 2 beds 1989 - 64k 1994 - 32lk Now - 115k Ex local 6th floor 3 bed, bad block in Hackney. 1995 -38k Now 130k 2 bed ground floor flat newbuild Cambdidge 1988 - 64k 1994- 40k Now - 120-140
  12. Mr. Wapkaplett

    Question

    Thanks for replies. So if we have a situation where the market dips and people buy their fist place, that is good news for them. As educated and seemingly pretty sharp people you would no doubt consider buying two at near bottom of the market as this makes sound financial sense, as property is the ideal investment vehicle, it is tangible, has steady and sometimes remarkable capital growth and a good monthly dividend. We all work for our cash and it is nice to get a little help from investments so my point is, fine buy your flat/house at the bottom of the market, great fundamentals, but only a fool would not consider the upside of the next five-ten years at this stage. If we do get a 30/40% drop, you would probably see anyone will ability to raise cash jumping in, and the next boom would see a greater have/have not scenario than now with more rented accommodation and less about to buy. Markets eh!
  13. Mr. Wapkaplett

    Question

    If house prices fell by 30-40% or even more, I imagine most of you ftb would buy. The question is would you buy if HPI was linked to inflation, say 2-4% a year and not dependant on market forces, therfore no upturn after the crash. Do you look at property as a place to live or that plus a nice little earner. Honest answers appreciated.
  14. Mr. Wapkaplett

    It's Insane

    As a profiteer of property over the past 10 years and slowly digesting all comments from this forum and other sources I have formed an opinion. Anyone thinking of buying in the next five years is insane. Stack up the evidence, look at sentiment and think logic. BTl is a complete waste of time now, and I have been involved since 94. The North is about to enter the abyss bigtime. TV property programs are soon to be gone, no doubt replaiced by a new fad. Think about our situation in the UK. It's over for property for the short term. Smart money will be hedging or selling. Now lets all calm down and wait.
  15. Mr. Wapkaplett

    noisy neighbours

    I used to have a similar problem and found that extreme physical violence was an excellent solution, however I suggest you do move instead as once you have peace, you are a much happier bunny.
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