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numpty

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About numpty

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  1. It is a pity that the view of the public could not have been found out before Cameron went to renegotiate. If the question posed to us was along the lines of “do you authorize the Prime Minister to envoke clause 50 within the next three months” then our Dave would have had serious ammunition to help get better terms
  2. Its a massive pile of victorian spender, untouched for years i am pretty certain its worth that or thereabouts The frustrating thing is that she has absolutly no idea how fortunate she and her partner are, their friends are in very well paid professional jobs and believe that as their income is modest they are doing well to survive. The money they receive quite regularly and the comfort of knowing there is several millions in reserve is not appreciated. She believes that most of her friends are in receipt of parental support/trust funds and that is why it is not recognised I do know that some of my daughter mutual friends are jealous of them and bitch about there hippy style existence
  3. My eldest daughter has a friend who is a beneficiary of a discretionary trust (i.e. she has no absolute right to capital or income but the trustees look after her at their discretion ) the trust fund is worth around £15m ( I know for certain that one asset in the trust is worth around £5m and the trustees are well established professionals doing it for fees) and there are three beneficiaries. This rather pretty young thing lives in Balham in a £2m house with her partner (a self employed harpist teaching in the private sector) she makes bespoke birthday cards and that sort of thing. They have two girls around 5-6 years of age whose school fees are paid by the trust They pay no tax, receive working tax credits and significant bundles of cash from the trust to enable them to renovate their house. For example "The morning room" (as she refers to it) has curtains where the material price alone was £250 per meter. There is currently a "vote labour" sticker in the window. They drive that electric car from Toyota, shop at Waitress and buy designer clothes from small independent boutiques. When her and her tribe descend on us she is utterly charming but has no understanding of the real world whatsoever
  4. The point to remember is that those who go through the "poor door" pay considerably less in service charges than the others. I am sure those "unfortunate" poor who are able to buy in central London at reduced prices would be complaining if they had to pay £3000 per annum plus in service charges if they had the right to walk through the main entrance.
  5. Attlee was I think our best But in our greatest hour of need I think Churchill was the best as a leader as distinct from a prime minister
  6. In all seriousness, what about a confiscation of say 3% on bank accounts and a charge of 3% on all property values where if you don't pay then interest is applied until eventual sale?
  7. So with all the walls being a giant screen displaying an image to camouflage the building the occupants will be working under artificial light. Will the rents for such accommodation make what must be a very expensive project worthwhile
  8. Buy to let works only if you are heavily geared and can have the displine to exit. The rental income of a one bed flat is say £600 a month around my area and to buy such a flat would cost £120k. The rental income is therefore £20 per day and from that you have expenses of the building ground rent service charges boiler repairs new kitchen every 15 -20 years new bathroom every 15 years carpets curtains etc etc . So out of that £20 I suggest possibly £10 is the profit . WOULD YOU LASH OUT £120k TO RECEIVE A TENNER A DAY!! Clearly no - but gearing can make it worthwhile if you can borrow heavily against the property. But gearing comes with risk and if you are 90% geared and the property falls by 20% you have lost all your capital and if you want out you will have to come up with 10% out of your own resources . In my experience few investors in BTL understand the risk of gearing and fail to adjust their investment return to reflect the risks. The other mistake BTL investors make is failing to take into account the CGT on the gain. When they think of selling they then realise the tax and they see it as so unfair and unjust that they put off selling in the hope the property will rise a bit to pay the tax. This often happens when the market is falling which is why they want to sell. If they always factored in the CGT then making the decision to sell would be easier and getting the timing right a bit easier
  9. Don't forget that throughout most of the 20% tax band there is 12% NIC Graduates from next year have a further 9% student loan to repay on earnings above £21k Finally don't forget the compulsory pension scheme could take a few more percentage points from you but in reality you need to save a great deal more All this should get house price inflation off to a good start as most young graduates will have a marginal rate for deductions on earnings over £21k of around 44% If they climb into higher rate tax whilst NIC contributions drop away the student loan and pension contributions won't so they will be paying over 50% in deductions
  10. Don't forget that throughout most of the 20% tax band there is 12% NIC Graduates from next year have a further 9% student loan to repay on earnings above £21k Finally don't forget the compulsory pension scheme could take a few more percentage points from you but in reality you need to save a great deal more All this should get house price inflation off to a good start
  11. Ideal for those who have a colostomy bag,. The bag can be emptied when our shopping or at a friends house, or if push comes to shove down the sink or behind a hedge in a nearby park for those who are not so handicapped a chemical toilet would do the trick. As for the lack of a shower surly a large bucket on the floor and a jug from the kitchen sink would enable you to have a wash to include all of ones private parts.
  12. People who receive compensation whee people who are nor adverse to borrowing So if the receive a lump sum it could well be augmented with a loan to buy a car, it seems logical
  13. OMG I will give MacD's a miss until I get hypnosis to help take away the memory of that video clip Superb post... Truly superb
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