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Parkwell

Is This What's Considered Normal These Days? (Offplan Shell, Htb, So)

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If so I've had enough.

A small 3 bed terrace.
You have to buy it through Help To Buy.
It's shared ownership.
And it's a shell.

http://www.rightmove.co.uk/property-for-sale/property-48467230.html

By March 2015, each of the 16 homes will have been completed to a watertight shell standard.

At this point, the future owners will be allowed to work on the homes for the next three / four months to undertake tasks such as plaster boarding, installation of kitchen units and decoration under construction manager's supervision before they can move in.

In exchange for the work, residents will receive a £10,000 discount on their share of the property. All material and training will be provided and it is expected the first residents will move into their homes from July 2015 onwards.

http://www.cherwell.gov.uk/index.cfm?articleid=10221

That's right, for all that money and two complicated government schemes - You will be allowed to work on your shell.

I pity us as a society. And I'm pissed off.

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If so I've had enough.

A small 3 bed terrace.

You have to buy it through Help To Buy.

It's shared ownership.

And it's a shell.

http://www.rightmove.co.uk/property-for-sale/property-48467230.html

http://www.cherwell.gov.uk/index.cfm?articleid=10221

That's right, for all that money and two complicated government schemes - You will be allowed to work on your shell.

I pity us as a society. And I'm pissed off.

Ahhh. I saw this in 2007...people were selling shell flats in London...I guess cause they couldnt get finance or borrow to finish the builds.

so, read as: "Financially we are screwed and are trying to find the greater fool to bail us out". Best avoided.

Edited by TheCountOfNowhere

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Ahhh. I saw this in 2007...people were selling shell plats in London...I guess cause they couldnt get finance or borrow to finish the builds.

so, read as: "Financially we are screwed and are trying to find the greater fool to bail us out". Best avoided.

:lol:

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compare (also primarily english speaking country, same road rules, drive on same side of the road, infinitely better weather)

Note: distinct lack of estage-agents wide-angled lenses as used in every Rightmove photo. Not needed

a tad bit more...£5k extra

http://www.privateproperty.co.za/anchor-ridge-clansthal-z22333.htm

indoor jacuzzi, double garage, full air-conditioned, short walk to private beach, gated community blah blah, very nice area too

cheaper:

http://www.privateproperty.co.za/pennington-s557681.htm

310m2 living space, pool, comes with granny flat

cheaper:

http://www.privateproperty.co.za/clansthal-s840534.htm

4000m2 land, pool, granny flat (which is probably bigger than this house for £150k which I have to finish myself like a damn airfix model), built in pub and loads of other mod cons

cheaper:

http://www.privateproperty.co.za/elysium-s928262.htm

I dont even know where to start with this one...is it (by comparison) 4 x terraced houses and one detached house...or just a massive double storied 10 bedroom palace with pool and a direct unobstructed sea view with massive balcony....and another house for good measure..

cheaper:

http://www.privateproperty.co.za/elyssium-s867440.htm

a damn nice big 2 bed place with lovely pool and 7000m2 of land (almost 2 acres) on the seafront (aka your own golf course)

tag this to the houses in bulgaria thread to show the madness..

Edited by madmax2

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Yeah, it's shit, but what are you going to do about it?

Apart from storming the government, killing them all and changing the planning laws this country will never have better or more affordable housing.

The market's rigged by those in power.

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That's the most depressing thing. They describe them as affordable housing. Affordable if you buy it shared ownership, and with help to buy, and then do the plastering yourself. And it still costs loads per square metre or by salary ratio. Seeing all these things in one development looks shockingly bad. How anyone thinks it's a good idea is beyond me now.

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That's the most depressing thing. They describe them as affordable housing. Affordable if you buy it shared ownership, and with help to buy, and then do the plastering yourself. And it still costs loads per square metre or by salary ratio. Seeing all these things in one development looks shockingly bad. How anyone thinks it's a good idea is beyond me now.

Its a sure sign the elastic band has been stretched to breaking point.

nothing depressing here. Time to sit back and watch it all unfold.

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Its a sure sign the elastic band has been stretched to breaking point.

nothing depressing here. Time to sit back and watch it all unfold.

I totally agree but then I was saying that back in 2006 with 120% and IO mortgages!

General public (and family) think I'm mad not buying at crazy SE prices and paying my LL's mortgage etc, they don't see this elastic band, 'That is just the way it is' they say. The new normal... 40 year mortgages at 0.5% interest!

I've lost all sympathy for anyone buying into the game now, as with HTB, shared ownership, etc, the Ponzi is clear for anyone to see!

Daily rant over! :P

#UKHousingPonzi

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