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richc

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About richc

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  1. It's a bargain! You'd make a fortune renting it out as an AirBnB brothel.
  2. Wow, there are some seriously thick BtLers out there.
  3. I finally post this news because no one else had, then someone makes the same post at exactly the same time. It's certainly worth repeating.
  4. http://metro.co.uk/2017/03/13/rents-fall-for-the-first-time-in-six-years-6505839/ Average London rent down 5% in past year. I thought all the BtLers were raising rents just about now to cover the costs of the "tenant tax"?
  5. Are you saying that immigrants don't cause higher levels of traffic congestion?
  6. Having enriched themselves through Human Rights Law and Housing Benefit, this is the Blair family's latest effort to enrich themselves by using their government contacts and over-meddling government interference: Tony Blair's son working in apprenticeships For a "small fee", Euan helps his corporate clients avoid the legal pitfalls set up by his father's cronies.
  7. Just some feedback from another immigrant to the UK: you sound like a walking argument for Brexit. You're not helping,
  8. I feel like I need to take a shower just after looking at those pictures. I generally think that property flippers are scum of the earth, but the current owners have done humanity a favour by redecorating that place.
  9. http://pdf.euro.savills.co.uk/uk/rural---other/uk-agricultural-land-2016-lr.pdf Prime arable land goes for just under £10k an acre. For someone with such strong opinions, you sure do seem uninformed.
  10. Saying that farming without subsidies is not profitable is a completely load of horse sh!t. Farmland sells for £10k an acre in the UK. No one is buying farmland at £10k an acre to lose money.
  11. It's interesting that rents are falling almost as quickly as sale prices in these areas. Clearly, there's a very big drop in demand for housing in central London.
  12. Great investment there. 3% rental yield, with capital values and rents falling by 10% a year. "Completion expected March/April 2017." It's time to start panicking.
  13. A two bed, at the higher end of the range of rents for the area. A lot of flats are coming onto the market from the One Tower Bridge development, all at very high asking rents, and none of them seem to be rented. This appears to be pushing rents down for other flats that were previously viewed as the top end for the area. Honestly, I'm not really sure who the market is for these flats. They are mostly set up for single people or for sharers, but if you're making enough money to pay the rent that they're asking, you're probably also old enough to be fed up living with housemates or you're married/partnered, having kids, and need more space. We're getting this flat as a second-house, as it's a two minute walk from my partner's office. We also have a big house outside London. I can't imagine that there are so many people out there looking for a similar arrangement to sustain demand at current asking prices. In my email this morning was an alert from Rightmove with 9 new listings. 4 of the 9 are reductions in asking rent.
  14. I just rented a flat in a nice part of SE1 and the landlord seemed pretty desperate to rent it. It had been on the market for 6 weeks with one reduction already. We really liked it so didn't bargain too much. I would think that this has to be prime territory for bankers and corporate clients (5 minute walk to the City), and nothing seemed to be moving.
  15. I like how the BTL supplies are all stored in the old garage in pictures 13 and 14 -- knackered wardrobes, stained mattress and To Let sign.
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