bomberbrown Posted July 19, 2008 Share Posted July 19, 2008 http://www.woodshouse.co.uk/index.htm I pass this abomination every day on the train on the way into work. Now lets look at the figures. Typical one bed flat is £360k (25% share is £90k). Minimum wage you need to have in order to qualify, AND be a key worker, is £32k PA. Monthly net wage (no pension payments etc) = £1,980 ------------------------------------------------ Mortgage IO (£525), rent (£550) and monthly service charge (£120) = £1,195 So that leaves you £785 a month to spend on council tax, electric/gas, food and luxuries/holidays. Not ideal but it's doable if you're thrifty. And remember, with an IO mortgage you're simply renting from the bank. However, please don't get any deluded notion of owning ALL of your Luxury UK Slave Box....ohh no. Get that thought right out of your head this moment. The monthly IO mortgage for the typical one bedroomed flat is £2,100 which is £120 more than you earn a month. Welcome to third world Britain 2008. Quote Link to comment Share on other sites More sharing options...
Pindar Posted July 19, 2008 Share Posted July 19, 2008 And all that for the privelege of being a "key" worker. The only sort of key that anybody deserves if they even consider such a ridiculous scheme is the key being thrown away for their padded cell. Quote Link to comment Share on other sites More sharing options...
Tonkers Posted July 19, 2008 Share Posted July 19, 2008 (edited) That place is foul, what is the point of the large body of water next to it? Edited July 19, 2008 by Tonkers Quote Link to comment Share on other sites More sharing options...
Glittery Hoo Haa Posted July 19, 2008 Share Posted July 19, 2008 (edited) I think these are worse: http://www.rightmove.co.uk/viewdetails-192...se&tr_t=buy £157,000 for a 50% share of a shoebox with a view of a tower block and no garden parked on a tiny lot behind Stockwell tube station. They reckon these desperation traps are worth £315,000, in a market where ground floor flats with some outside space nearby in much better, leafier locations are not selling for £230,000. Having walked past it doesn't look like 75% are inhabited like it says on the blurb, however some poor suckers have moved in. Poor poor bar-stewards. Edited July 19, 2008 by Glittery Hoo Haa Quote Link to comment Share on other sites More sharing options...
DementedTuna Posted July 19, 2008 Share Posted July 19, 2008 (edited) I like the website.. the braless model at least makes looking at it a more pleasant waste of time. I'd only be tempted if she was included in the price. Edited July 19, 2008 by DementedTuna Quote Link to comment Share on other sites More sharing options...
Radge Posted July 19, 2008 Share Posted July 19, 2008 (edited) If you download the price list you'll see they've only found 13 @rseholes to sign up so far. Our swish slavebox development on the old Edinburgh Royal Infirmary site is starting to come onto the market and the off-planners are starting to bale out already. Not (yet) on the 'shared ownership' market, these were orginally £250-£300K. Norman Foster may be a great architect, but I wouldn't fancy a glass-walled slave box with the opposite properties <100' away. Edited to add: I don't think I'd fancy the occupants of the flats opposite holding scorecards up to their windaes after witnessing a boudoir gymnastics session. Edited July 19, 2008 by Radge Quote Link to comment Share on other sites More sharing options...
Glittery Hoo Haa Posted July 19, 2008 Share Posted July 19, 2008 What makes buying into these schemes even more ridiculous is that many housing associations run protected rental schemes for keyworkers. I know because I'm in one (£550 for a one bedroom flat in zone 2). Knowing that schemes like my own exist, and are far more sustainable (I hope eventually to have saved a deposit to buy outright when the market returns to normality, and then someone else will have the opportunity to live in my flat) who falls for this nonsense? Quote Link to comment Share on other sites More sharing options...
Sinking Feeling Posted July 19, 2008 Share Posted July 19, 2008 Up here in the North of England, luxury flats have fallen so far over the past year that you can now buy an apartment for the same price that a share would have been in 2006/2007! Quote Link to comment Share on other sites More sharing options...
Pindar Posted July 19, 2008 Share Posted July 19, 2008 (edited) Please click this link to download the price list Presumably they are too ashamed to have the ludicrous prices on public display. Edited July 19, 2008 by BarrelShifter Quote Link to comment Share on other sites More sharing options...
chichi Posted July 19, 2008 Share Posted July 19, 2008 I'm surprised they're not selling them as two bedrom studio apartments. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted July 19, 2008 Share Posted July 19, 2008 they are a screaming buy. will be worth £600K in a decade. what an opportunity to BTL or pension investment Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 19, 2008 Share Posted July 19, 2008 did i see a woman on a cream couch looking at a catalogue ?? i think i did..... Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 19, 2008 Share Posted July 19, 2008 look out. iceberg lettuce being strained from a chrome uber sink....... Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted July 19, 2008 Share Posted July 19, 2008 (edited) She is being strangled - maxed out his credit card again Edited July 19, 2008 by notanewmember Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 19, 2008 Share Posted July 19, 2008 what this needs is a minority sipping white wine at a dinner party. i wont buy unless i see that. Quote Link to comment Share on other sites More sharing options...
Glittery Hoo Haa Posted July 19, 2008 Share Posted July 19, 2008 Actually I was wrong. You get an Indesit washing machine. Sign me up! Quote Link to comment Share on other sites More sharing options...
Pindar Posted July 19, 2008 Share Posted July 19, 2008 I couldn't possibly buy unless it featured a red setter and a posh looking couple wearing barber jackets. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted July 19, 2008 Share Posted July 19, 2008 Looks like a borg spaceship Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted July 19, 2008 Share Posted July 19, 2008 I like the website.. the braless model at least makes looking at it a more pleasant waste of time.I'd only be tempted if she was included in the price. That's something I like about this forum, there's always someone who'll say what I'm thinking but can't quite bring myself to write down. Quote Link to comment Share on other sites More sharing options...
R K Posted July 19, 2008 Share Posted July 19, 2008 Spot the difference Quote Link to comment Share on other sites More sharing options...
Tonkers Posted July 19, 2008 Share Posted July 19, 2008 (edited) Looks like a borg spaceship Shame the video isn't more interactive, we could bust in with a tank and start firing. Edited July 19, 2008 by Tonkers Quote Link to comment Share on other sites More sharing options...
Guest tbatst2000 Posted July 19, 2008 Share Posted July 19, 2008 I don't think I'd fancy the occupants of the flats opposite holding scorecards up to their windaes after witnessing a boudoir gymnastics session. In New York City, telescopes outnumber people by 3 to 1 (they sell more per head of population there than anywhere else in the US apparantly). Quote Link to comment Share on other sites More sharing options...
Pindar Posted July 19, 2008 Share Posted July 19, 2008 Spot the difference Mmm I like it. Move to Woodhouse and end up powering the Heathrow Express... Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 19, 2008 Share Posted July 19, 2008 i wouldnt even consider a viewing if i dont see leisure women spending on credit cards in a purpose built shopping centre. with perky ones. Quote Link to comment Share on other sites More sharing options...
Its time to buy Posted July 19, 2008 Share Posted July 19, 2008 The Borg flats is a good analogy for this one. You are assimilated into the borg collective, a slave. Resistance is futile. Quote Link to comment Share on other sites More sharing options...
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