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Faithman

Are You Payng Too Much Rent

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I have calculated that if the construction costs for a house are £60k and maintenance £1000 per year, then the cost of ownership, using a negative amortisation mortgage (ie not acquiring capital value) is approximately £3000 per year.

Hence anyone (outside of London or other city centre) paying more than £250 per month for a 3 bed property is supporting the BTL landlords.

At best a mug!!

There is plenty of land out there for only a few thousand per acre and planning permission is simply a matter of agreeing the correct use!!

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No the cost of a small plot of land is negligible - about £2000-£3000.

That is unless you wish to buy land from some rich land owner who has falsly increased the value of the tiny bit he will sell you to £1000000 per acre.

Any fool who buys that land deserves negative equity.

When will people learn that planning has only just come in over the last 3 to 4 decades and can be pushed out just as quickly.

Why work all your life to pay a mortgage when you can use the increased number of non home owners to release land.

IF YOU PAY MORE THAN £250 RENT PER MONTH FOR A FAMILY HOME, SOMEONE IS LIVING OFF YOUR WORK.

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No the cost of a small plot of land is negligible - about £2000-£3000.

That is unless you wish to buy land from some rich land owner who has falsly increased the value of the tiny bit he will sell you to £1000000 per acre.

Any fool who buys that land deserves negative equity.

When will people learn that planning has only just come in over the last 3 to 4 decades and can be pushed out just as quickly.

Why work all your life to pay a mortgage when you can use the increased number of non home owners to release land.

IF YOU PAY MORE THAN £250 RENT PER MONTH FOR A FAMILY HOME, SOMEONE IS LIVING OFF YOUR WORK.

Well Im paying 300 quid per month for a 4-bed house, including council tax and water rates in deepest Wiltshire... so it is possible; Not available to the general public though

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No the cost of a small plot of land is negligible - about £2000-£3000.

Hmm. Interesting theory, with no relation to fact. Plots with planning permission, even in the country, go for five/six figure sums. Finding such a plot is a major mission.

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Hmm. Interesting theory, with no relation to fact. Plots with planning permission, even in the country, go for five/six figure sums. Finding such a plot is a major mission.

In this buffoons defence, you CAN apply for planning permission on land you dont own, as a measure to see whether your future plans are likely. So, in theory, if you found a good plot of land, applied for permission and got it, you Could possibly buy it for as little as this. However, Nu-Lab in their infinite wisdom have set quotas defining the number of properties per acre, and state that any planning application has to be socially inclusive, meaning generally you have to live with the serfs.

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No the cost of a small plot of land is negligible - about £2000-£3000.

Dude, my bro-in-law buys and sells land. I can't remember him buying any plot suitable for housing over the last few years for less than 100k. Maybe you should call him, as if you can find plots of land for building on in the UK for those prices you are about to make yourself a very rich man. :o

Nomadd

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if you can find plots of land for building on in the UK for those prices you are about to make yourself a very rich man. 

I agree. I reckon we could be witnessing the birth of Faithman Homes LTD.

Quite a catchy name.

And sure to get a lot of punters (who want a house built on sticks on a marsh)

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Hence anyone (outside of London or other city centre) paying more than £250 per month for a 3 bed property is supporting the BTL landlords.

At best a mug!

There is plenty of land out there for only a few thousand per acre and planning permission is simply a matter of agreeing the correct use!!

This is poppycock and clearly intended to incite a reaction.Faithman is either :

1 Someone who knows what he's doing property/land-wise and is laughing inanely at the responses of people who he/she knows can't afford to buy

2 A complete knob handle

Edited by Homebird

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Dude, my bro-in-law buys and sells land. I can't remember him buying any plot suitable for housing over the last few years for less than 100k. Maybe you should call him, as if you can find plots of land for building on in the UK for those prices you are about to make yourself a very rich man.  :o

Nomadd

Have Faith Man! :P

Edited by Boom'n'Bust

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I have calculated that if the construction costs for a house are £60k and maintenance £1000 per year, then the cost of ownership, using a negative amortisation mortgage (ie not acquiring capital value) is approximately £3000 per year.

Hence anyone (outside of London or other city centre) paying more than £250 per month for a 3 bed property is supporting the BTL landlords.

At best a mug!!

There is plenty of land out there for only a few thousand per acre and planning permission is simply a matter of agreeing the correct use!!

ROFL!

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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