1 in 10 owns second home

[Guest]

http://www.bbc.co.uk/news/business-40973859

 

Well there we have it, why housing policy is so f****d upin the UK

[billybong]

Even so owning a second home in the UK is still only owning about one third of a home in the US.

[nome]

''The figure is counted as one owner even if they have multiple properties''... so if it was averaged out it would be considerably higher than 1 in 10.

[Si1]

On the telegraph version of this story, whilst the story itself is objectively reported, the Facebook comments include the wealth=housing=wealth paradigm - 'savvy investors' etc.

They don't get it.

[Venger]

6 hours ago, billybong said:

Even so owning a second home in the UK is still only owning about one third of a home in the US.

You're bringing house size into it? 

Firstly I don't want to buy a home in the USA.   They have more land.

Some parts of USA very expensive (SoCal / San Fran / New York) even for small home.

People owning second homes / multiple homes / BTLs in the UK is a major issue, when you're a priced out renter-saver, and small home in your area is £300K+, and inventory on market scraping lows.

Owning a second home in the UK, is very different to owning a cheaper larger home in the USA.... you make it sound like it's all okay to own multiple homes in UK because of UK houses tend to be smaller.   

For a start it's two sets of council tax/two different locations (someone's rent as renter if it's rented out).  

And its all part of the UK housing financialisation problem.

[winkie]

Is that more than one owned outright, shared with a lender or lenders, shared with another or others, one place or other places?

[Venger]

17 minutes ago, Si1 said:

On the telegraph version of this story, whilst the story itself is objectively reported, the Facebook comments include the wealth=housing=wealth paradigm - 'savvy investors' etc.

They don't get it.

Errrr.... come on.... having we spent the last 10 years recognising that individuals in market all have very different view.

To them you/me are the Rent Forever Losers.....

Welcome to the market.

My family and friends as renters don't exist to keep on renting forever - with many in pure-senior-positions of employment, in a housing bubble... with all the kiss and cuddle concern for the HPIers/BTLers who.. "don't get it.... they must be innocents...".

The HPIers/BTLers can only learn the hard way... although I witnessed the squeal on the HPIers behalf in 2008-09... "They'd didn't know what they were doing"  (all owners).  "Bail the out... the innocents."  (Priced our renter-savers deserve nothing... protect the HPI/BTL).

Quote

Daily Mail

Average UK house price to hit £780,000 by 2040, says leading think tank

Kilo Charlie, My World, 9 hours ago
We purchased a property in 1983 for £72,000.........today it's worth £650,000 plus. It's certainly possible and quite likely.

Sam, Bucks, 3 hours ago
Bought house in ,74 for 16k added extention about £8k now valued at £480k you do the maths?

You're not going to talk them around for a cuddle to your way of thinking.

In general the HPIers/BTLers minds can only be changed via the brunt of the market.... if it ever happens.

Quote

An existing paradigm is seldom dispelled by evidence alone. As Keith Thomas has written, "Such systems of belief possess a resilience which makes them virtually immune to external argument."

A people whose culture grossly misinterprets certain facts will not necessarily reason their way to a more encompassing worldview until forced to do so by the brunt of economic necessity or military defeat. Reason does not alter values.

 

 

[Si1]

11 minutes ago, Venger said:

Errrr.... come on.... having we spent the last 10 years recognising that individuals in market all have very different view.

To them you/me are the Rent Forever Losers.....

Welcome to the market.

My family and friends as renters don't exist to keep on renting forever - with many in pure-senior-positions of employment, in a housing bubble... with all the kiss and cuddle concern for the HPIers/BTLers who.. "don't get it.... they must be innocents...".

The HPIers/BTLers can only learn the hard way... although I witnessed the squeal on the HPIers behalf in 2008-09... "They'd didn't know what they were doing"  (all owners).  "Bail the out... the innocents."  (Priced our renter-savers deserve nothing... protect the HPI/BTL).

You're not going to talk them around for a cuddle to your way of thinking.

In general the HPIers/BTLers minds can only be changed via the brunt of the market.... if it ever happens.

 

Are you implying I can become more abusive?

[Futuroid]

10 hours ago, wotsthat said:

http://www.bbc.co.uk/news/business-40973859

 

Well there we have it, why housing policy is so f****d upin the UK

Nah, it's the immigrants innit! 

[Venger]

4 minutes ago, Si1 said:

Are you implying I can become more abusive?

Wouldn't pitch it that way exactly... simply that there should be no surprise at their HPI/BTL worship, and no sympathy for those who are of that mind as 'uninformed innocents'.  They have chosen their side.

Also I have just read quinster's post on another thread, where he sneers at anyone who dare have any negative thought to those who champion HPI/BTL

On 16/08/2017 at 0:56 PM, quinster said:

"On the contrary, it's good that these t0ssers are pooing their pants. It means that is actually happening"

what a sad attitude to life I feel sorry for anyone who wishes ill on others

When their actions harm others (BTLers)... who is dehumanising who.  We should have no emotion on the other side of things... on the other side of the BTLers own actions against us in a sociatelly destructive housing sitution they themselves have committed to making worse for others.  Want to be owners themselves and to make others their renters/pensions.   **** that.

22 hours ago, Si1 said:

Don't feel sorry for me Mr passive aggressive.

Exactly.  This housing situation is serious.

Lifes are being ***** up by HPIers/BTLers HPI worshippers... the complacent (£750K houses they expect to treble)... when they bought them for next to nothing already and should be more reasonable about the housing position of others.

Quote

 

Disagreeing forcefully is not quashing dissent - it is engagement. Gently taking the mickey out of Mark Alexander, with a little satire, using the forum as a megaphone, is not taunting a fellow poster. He only tipped up to pimp his Portal, and many of us feel we could do with a bloody laugh after knocking on twenty years of this madness.

There are no limbs being blown off in the war that I am fighting, but I keep being forced to piss 30%-35% of my earned income up a wall because the great unwashed have their imaginations captured by idiocy. If they can keep this up long enough, I'll have to leave my job in the South East and a job somewhere where housing is cheaper simply in order to make adequate provision for a time when I can no longer support myself with earned income.

I don't take what people say to me or about me at all personally - though when I feel the bonds of friendship are being shredded, it's an unpleasant surprise.

The war itself however is deeply personal. It is an economic war being waged against me by crap banks and idiots and they've been winning since 1996 - every bloody day of my working life! Hence, when I'm on deck, I intend to prosecute it mercilessly.

 

 

[nnails]

Who would want money in the bank. It's not safe

[Venger]

Just now, nnails said:

Who would want money in the bank. It's not safe

That's your point of view, as a house-buyer of about 2 years ago.

I disagree about money not being safe in banks, and not going to listen to any homeowner about that, for it often seems their REAL VI is to try and worry renter-savers, to ry and get everyone else to buy into the bubble, and support the value of their own home.

HPC.

[Guest]

48 minutes ago, Venger said:

You're bringing house size into it? 

Firstly I don't want to buy a home in the USA.   They have more land.

Some parts of USA very expensive (SoCal / San Fran / New York) even for small home.

People owning second homes / multiple homes / BTLs in the UK is a major issue, when you're a priced out renter-saver, and small home in your area is £300K+, and inventory on market scraping lows.

Owning a second home in the UK, is very different to owning a cheaper larger home in the USA.... you make it sound like it's all okay to own multiple homes in UK because of UK houses tend to be smaller.   

For a start it's two sets of council tax/two different locations (someone's rent as renter if it's rented out).  

And its all part of the UK housing financialisation problem.

Yes, large parts of the USA are still wilderness,  I tend to travel to various parts outside the usual tourists traps, the Southern states being my favourite. It still always gets to me how far neighbouring towns are apart  that you might see on a map. You say you will just pop over to so and so and you are driving for longer than you would imagine through dense forest and swamps etc to get to the next functional town with all its life support.

In the UK today, and I am not just talking London or the big cities, one minute you are in a town with all the usual Banks, shops etc and 10 minutes down the motorway you are in another substantial town with all the same banks and shops.

I am not against 2nd homeownership in the UK, but it should be something like it was in the past where it was only for those with deep pockets willing to pay all the expenses that should be thrown at people who want such luxury, the UK just does not have the space.

[Guest]

13 minutes ago, nnails said:

Who would want money in the bank. It's not safe

Where do you suggest money is safe?

Serious question.

If you do think homeownership with the fact that in most cases you have to take on huge mortgages along side the fact that as a taxpayer and voter I will want you hounded to the end of the earth for repayment of monies should it all go wrong in the next few years, I will be amazed.

Nothing personal 

[crashmonitor]

17 minutes ago, wotsthat said:

Where do you suggest money is safe?

Serious question.

If you do think homeownership with the fact that in most cases you have to take on huge mortgages along side the fact that as a taxpayer and voter I will want you hounded to the end of the earth for repayment of monies should it all go wrong in the next few years, I will be amazed.

Nothing personal 

You probably have a point as HPI has cross party support, but most especially the alt left Metro elite, so whoever is in power it seems savings and Equity investments will be up for grabs ( AND NOT PROPERTY) so we can continue to live beyond our means. Personally I think landlords have destroyed the social cohesion of the country and are immoral wealth extractors; I would 100% never own two properties.

 

Edited August 19, 2017 by crashmonitor

[spyguy]

25 minutes ago, wotsthat said:

Yes, large parts of the USA are still wilderness,  I tend to travel to various parts outside the usual tourists traps, the Southern states being my favourite. It still always gets to me how far neighbouring towns are apart  that you might see on a map. You say you will just pop over to so and so and you are driving for longer than you would imagine through dense forest and swamps etc to get to the next functional town with all its life support.

In the UK today, and I am not just talking London or the big cities, one minute you are in a town with all the usual Banks, shops etc and 10 minutes down the motorway you are in another substantial town with all the same banks and shops.

I am not against 2nd homeownership in the UK, but it should be something like it was in the past where it was only for those with deep pockets willing to pay all the expenses that should be thrown at people who want such luxury, the UK just does not have the space.

Have you been to the North? Or East Anglia? Or Wiltshire? Or anywhere outsuse of London SE?

Vast tracts of land are used fir farming, which require vast tax payer subs to be viable.

Kick out the farmers, remove subs.

[spyguy]

23 minutes ago, wotsthat said:

Where do you suggest money is safe?

Serious question.

If you do think homeownership with the fact that in most cases you have to take on huge mortgages along side the fact that as a taxpayer and voter I will want you hounded to the end of the earth for repayment of monies should it all go wrong in the next few years, I will be amazed.

Nothing personal 

Without sounding too flatearther, theres gold and swiss swiss francs.

Then theres Andrexs, sorry, sterling.

Edited August 19, 2017 by spyguy

[nnails]

Yep I acknowledge that it's bad to think this way. I brought a house two years ago. About 8 months ago I lost my job. If I had money in bank I would not have been able to claim anything after six months. Because I had no money in bank. I got dole money , council tax help and cover for my mortgage.  If I did not own a house I would have had to burn though my savings for my house.

Before anyone says dole scrounger I had my job for 9 years.

I start my new job September 

[spyguy]

11 minutes ago, nnails said:

Yep I acknowledge that it's bad to think this way. I brought a house two years ago. About 8 months ago I lost my job. If I had money in bank I would not have been able to claim anything after six months. Because I had no money in bank. I got dole money , council tax help and cover for my mortgage.  If I did not own a house I would have had to burn though my savings for my house.

Before anyone says dole scrounger I had my job for 9 years.

I start my new job September 

Not sure. SMI is a charge now.

[Guest]

10 minutes ago, spyguy said:

Have you been to the North? Or East Anglia? Or Wiltshire? Or anywhere outsuse of London SE?

Vast tracts of land are used fir farming, which require vast tax payer subs to be viable.

Kick out the farmers, remove subs.

Just got back from the far North West highlands, I know Suffolk very well have friends in Lavenham and Hadleigh and relative to the rest of the UK it is pretty under populated, I could take you to places only 45 miles from the hell that is the Mile end road into south cambs and you would not believe vast difference in how peacefull it is . But the fact is the UK does not even get any near to close to the size of the wilderness and land that you can still find in the States

[winkie]

10 minutes ago, nnails said:

Yep I acknowledge that it's bad to think this way. I brought a house two years ago. About 8 months ago I lost my job. If I had money in bank I would not have been able to claim anything after six months. Because I had no money in bank. I got dole money , council tax help and cover for my mortgage.  If I did not own a house I would have had to burn though my savings for my house.

Before anyone says dole scrounger I had my job for 9 years.

I start my new job September 

Good point......I know someone who through no fault of their own is using their savings  to pay the rent and live on.......who will pay the rent, that is far more than a mortgage would have been if they could have got one, when all the savings have gone?

[Guest]

14 minutes ago, nnails said:

Yep I acknowledge that it's bad to think this way. I brought a house two years ago. About 8 months ago I lost my job. If I had money in bank I would not have been able to claim anything after six months. Because I had no money in bank. I got dole money , council tax help and cover for my mortgage.  If I did not own a house I would have had to burn though my savings for my house.

Before anyone says dole scrounger I had my job for 9 years.

I start my new job September 

So you never needed a mortgage then, must have had a nice cash pile then 

Good luck to you, I can see your logic

[advicewelcome]

1 hour ago, nnails said:

Yep I acknowledge that it's bad to think this way. I brought a house two years ago. About 8 months ago I lost my job. If I had money in bank I would not have been able to claim anything after six months. Because I had no money in bank. I got dole money , council tax help and cover for my mortgage.  If I did not own a house I would have had to burn though my savings for my house.

Before anyone says dole scrounger I had my job for 9 years.

I start my new job September 

Do I have this right, if you have cash in bank over approx 16k = no benefits

No cash cause you bought property instead = can claim benefits to live and fund the mortgage?

If so, does this safety net partly explain the lack of savings and HPI UK culture? 

 

 

 

 

 

[longgone]

27 minutes ago, advicewelcome said:

Do I have this right, if you have cash in bank over approx 16k = no benefits

No cash cause you bought property instead = can claim benefits to live and fund the mortgage?

If so, does this safety net partly explain the lack of savings and HPI UK culture? 

 

 

 

 

 

correct i should have bought a house 6 years ago , what a mug 

[VeryMeanReversion]

40 minutes ago, advicewelcome said:

Do I have this right, if you have cash in bank over approx 16k = no benefits

No cash cause you bought property instead = can claim benefits to live and fund the mortgage?

If so, does this safety net partly explain the lack of savings and HPI UK culture? 

 

That's the way it works.