January 2019 Archive

Monday, January 14, 2019

Have landlords forgotten to implement threatened rent rises?

Graniard: Has the Brexit vote saved London tenants 1,800 pa in rent?

“Many landlords will have been looking to offset the government’s punitive tax regime by raising rents. However, the uncertainty surrounding Brexit has forced the vast majority to forfeit this to maintain a steady income.” Time to look at ratcheting up recurring property taxes in general now that the grown-ups' predictions of no adverse effect on prices have come to pass? ARLA et al are strangely quiet on this one. Imagine if they do manage to get the tax rise overturned, will they immediately drop rents? Luckily there's no political will to do this for the foreseeable future, who are landlords going to vote for - Corbyn?

Posted by mombers @ 10:24 AM 1 Comments

Tuesday, January 8, 2019

Wilsons threaten to sell up (again)

Property Eye: Fergus Wilson ‘set to put portfolio of properties up for sale today’

Fergus Wilson is understood to be putting all of his properties on the sales market today. The portfolio, in and around Ashford, Kent, is thought to consist of 300 homes. Wilson has long-threatened to sell off his portfolio

Posted by little professor @ 03:39 PM 2 Comments

Friday, January 4, 2019

Houses actually cost money last year

BBC: House price growth slowest for almost six years, says Nationwide

Overall Annual Growth was 0.5%, so money in the bank might actually have outperformed houses. I like the way all the "experts" are predicting rises will start going up again. I wonder how many "experts" predicted that at the end of the great Japanese property bubble. Being an engineer I keep thinking of one simple principle https://en.wikipedia.org/wiki/Positive_feedback I like the way Wikipedia illustrates it with cattle stampeding

Posted by tenyearstogetmymoneyback @ 06:36 PM 3 Comments

Thursday, January 3, 2019

Another house raffle scam busted

Guardian: Couple forced to close raffle for their £500,000 North Yorkshire home

The same old story. Greedy baby boomer couple who bought their home for sub-£100k back in the day try and fail to flog it for £550k. When it doesn't sell, rather than reducing the price they turn to a house lottery, aiming to sell 60,000 tickets at £10 each for a chance to win the house. As always this got copious local media attention and free publicity despite being a well known scam. Gambling Commission have now shut them down. Entrants will be refunded (minus administrative costs of course)

Posted by little professor @ 05:30 PM 3 Comments

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