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House Price Crash Forum


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Everything posted by bomberbrown

  1. A handy FOI request here with info on deprivation of capital/assets. https://www.whatdotheyknow.com/request/deprivation_of_capitalincome_rul They mention that capital can include jewellery, though not sure how they would know you owned a couple of £50k Rolex watches. Basically, the whole means tested benefit system is fundamentally a joke.
  2. No. Not if you used it to house yourself. Yes, if you used it to go on a round the world cruise. The rules all fall under 'deprivation of assets' for qualifying for benefits. I'm sure there's a section on the Gov website on it.
  3. It's for this reason and ZIRP I've been seriously thinking about taking all my stored wealth 'off grid'. It's no use as a house deposit at the moment and When the economic SHTF, and it will, I'll be throwing my self at the state like everyone else.
  4. I bought his book over 10 years ago https://www.amazon.co.uk/Boom-Bust-Prices-Banking-Depression/dp/0856831891/ref=sr_1_3?s=books&ie=UTF8&qid=1502972937&sr=1-3 I don't think even he imagined that successive governments would do absolutely ANYTHING in order to prop house prices up. I know I didn't.
  5. This single sentence epitomises for me all that's wrong with amateur BTL *****s!
  6. Currently rented on 3 year leases indicates a renting to the council deal???
  7. I hope she is going to be one of many new blood MPs to come.
  8. What's more depressing is it's a new build, so it was designed as a tiny 2 bed rather than a conversion (assuming that is not a stud wall that the current owners have put up after) That's a 39.4 sq metres 2 bed and my 1 bed flat is 53 sq metres!
  9. Every tenancy agreement in U.K. must by law contain the landlords address. Not sure if this can be the letting agencies address mind you.
  10. Indeed. I've a feeling that might turn out to backfire on the Grenfell Tower Action Group. I mean, come on, seriously, dumping all types of crap on you own doorstep is not very sociable. That said, it still shouldn't detract from the idiots that thought it was a good idea to encapsule a residential tower block in flammable cladding. They didn't stand a chance.
  11. Classic! Kitchen turned into 2nd bedroom. Hey presto! 1 bed turned into 2 bed.
  12. Easy affordability here in Lambeth. I might buy two! http://www.rightmove.co.uk/property-for-sale/property-57809575.html Seriously, median wage won't even get you a shoe box above a kebab house here in Lambeth http://www.rightmove.co.uk/property-for-sale/property-63732482.html And an ex council house is a dream even further away http://www.rightmove.co.uk/property-for-sale/property-47340303.html
  13. How many BTLs are declaring tax to HMRC in the first place? That's what I'd like to know as that's how many it will actually affect.
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