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House Price Crash Forum

kilroy

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Everything posted by kilroy

  1. You can always buy an old pig sty for best part of a million.... http://www.rightmove.co.uk/property-for-sale/property-33683529.html
  2. ooh, I do like Frank Field. One of the only Labourites who it appears can actually do sums....
  3. I think a better way to phrase the question is "why doesn't everybody avoid tax?". That way we can start looking at someone earning 10k on PAYE vs someone earning 10k as a self employed person and work up from there, instead of going straight for the "millionaires are insufferable pricks" line..........
  4. What will you do with your profit when you sell? Most people will upsize to 2 bed or maybe a house when kids come along. In this circumstance, I suggest that your £240k "profit" becomes part of your vendor's even bigger "profit", who in turn passes it up the chain. Unless of course, you intend to downsize to a bedsit.....
  5. Scots happy to be the beneficiary of numerous ransom demands ? Say it ain't so.....
  6. The old "sell EURCHF put option and collect risk less premium" crowd just got fked big time
  7. I think the 20+% move in the CHF is more the story here. I sense a bunch of hedgies queuing up to go bust......
  8. plus the loan is attached to the property, not the individual. I believe you can also apply as a renter, subject to landlord consent
  9. Doctors are perfect for this type of thing, earn good money but have little time for due diligence.....
  10. On average, -2.271280677213% per annum for a fixed term deposit of 30.17 years....
  11. Wouldn't surprise me if George only allowed it for defined contribution schemes i.e. if you want to withdraw from a defined benefit (DB) scheme, you first have to transfer it to a DC scheme. It just so happens that this also transfers the DB risk from government.....pretty smart if true
  12. Depends on how the valuation is done. On a cashflow basis, If the ground rent is more than the rent you would receive then the present value of the cashflows would be negative, thus the valuation is indeed (or should be) negative......
  13. I thought Europe deemed it illegal to net savings against mortgage principal ...
  14. Not to mention it makes UK property more expensive to foreigners.......
  15. My conveyancer just informed me she has had 2 clients gazundered in the past week. This is in London ........
  16. Apparently it's not money laundering, it's worse; it's state sponsored..... http://www.businessweek.com/news/2014-07-13/secret-path-revealed-for-chinese-billions-overseas
  17. We mustn't forget the gbpusd exchange rate which has moved from 1.50 to 1.70 over the past year. This has made London property increase a further 14% when expressed in dollars.
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