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April 24 2024 12.48am

Buying a house.

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View Penge Eagle's Profile Penge Eagle Flag Beckenham 05 Feb 16 8.07pm Send a Private Message to Penge Eagle Holmesdale Online Elite Member Add Penge Eagle as a friend

Originally posted by -TUX-

1. These people should be taxed to the hilt to make +2 property ownership not worth the effort,
imo.

This is the point you responded to.

Of course there will always be a bloody rental market but the clue/emphasis is on 'not making it worth the effort'. Jeez!
For many years, renting was an option for the majority to leave home, gain some independence while saving a deposit for a mortgage. Today, similar people are paying for somebody else's mortgage (for very little effort on the part of the owner!) and have absolutely no chance of saving.


That's just wrong.

"Very little effort on the part of the owner" Really? Do you know how much financial risk is involved? Do you know any landlords? I doubt they would agree it is easy and would have shared horror stories with tenants or the hard work and hassle involved.

What about people owning multiple properties for their retirement? Do you have an issue with that?

Just because you have no aspiration, doesn't mean nobody else should.

I speak to people in their 30s and they complain they cannot get on the housing ladder but made no effort to save any money in their 20s and expect a deposit to magically appear out of nowhere, but doesn't arrive and it's the market's fault!

Edited by Penge Eagle (05 Feb 2016 8.11pm)

 

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Tom-the-eagle Flag Croydon 05 Feb 16 8.17pm

Originally posted by Penge Eagle

"Very little effort on the part of the owner" Really? Do you know how much financial risk is involved? Do you know any landlords? I doubt they would agree it is easy and would have shared horror stories with tenants or the hard work and hassle involved.

What about people owning multiple properties for their retirement? Do you have an issue with that?

Just because you have no aspiration, doesn't mean nobody else should.

I speak to people in their 30s and they complain they cannot get on the housing ladder but made no effort to save any money in their 20s and expect a deposit to magically appear out of nowhere, but doesn't arrive and it's the market's fault!

Edited by Penge Eagle (05 Feb 2016 8.11pm)


Great post

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View -TUX-'s Profile -TUX- Flag Alphabettispaghetti 05 Feb 16 8.30pm Send a Private Message to -TUX- Add -TUX- as a friend

Originally posted by Penge Eagle

"Very little effort on the part of the owner" Really? Do you know how much financial risk is involved? Do you know any landlords? I doubt they would agree it is easy and would have shared horror stories with tenants or the hard work and hassle involved.

What about people owning multiple properties for their retirement? Do you have an issue with that?

Just because you have no aspiration, doesn't mean nobody else should.

I speak to people in their 30s and they complain they cannot get on the housing ladder but made no effort to save any money in their 20s and expect a deposit to magically appear out of nowhere, but doesn't arrive and it's the market's fault!

Edited by Penge Eagle (05 Feb 2016 8.11pm)

1. I know 3. None of them have taken 'a risk' due to their mortgage being paid. Get it?

2. When it's at the expense of others trying to make a future for themselves then yes, i do. Don't you?

3. You know nothing about me.

As for your last paragraph, zzzzzzzzzzzzzzzz


Edit: Despite making yourself look like a tool, you've made a friend in 'Tom'. Good work

Edited by -TUX- (05 Feb 2016 8.33pm)

 


Time to move forward together.

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Tom-the-eagle Flag Croydon 05 Feb 16 8.53pm

Originally posted by -TUX-

1. I know 3. None of them have taken 'a risk' due to their mortgage being paid. Get it?

2. When it's at the expense of others trying to make a future for themselves then yes, i do. Don't you?

3. You know nothing about me.

As for your last paragraph, zzzzzzzzzzzzzzzz


Edit: Despite making yourself look like a tool, you've made a friend in 'Tom'. Good work

Edited by -TUX- (05 Feb 2016 8.33pm)

My name is TUX and life is so unfair… blar blar blar

I’m not very successful and I resent people who are… blar blar blar

I’m not very intelligent but I think I am… blar blar blar

I don’t have any ambition but I hate others who do… blar blar blar

Everything is everybody else’s fault… blar blar blar

I live in Redhill… blar blar blar

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View -TUX-'s Profile -TUX- Flag Alphabettispaghetti 05 Feb 16 9.01pm Send a Private Message to -TUX- Add -TUX- as a friend

Originally posted by Tom-the-eagle

My name is TUX and life is so unfair… blar blar blar

I’m not very successful and I resent people who are… blar blar blar

I’m not very intelligent but I think I am… blar blar blar

I don’t have any ambition but I hate others who do… blar blar blar

Everything is everybody else’s fault… blar blar blar

I live in Redhill… blar blar blar

OK

 


Time to move forward together.

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View Penge Eagle's Profile Penge Eagle Flag Beckenham 05 Feb 16 11.18pm Send a Private Message to Penge Eagle Holmesdale Online Elite Member Add Penge Eagle as a friend

Originally posted by -TUX-

1. I know 3. None of them have taken 'a risk' due to their mortgage being paid. Get it?

2. When it's at the expense of others trying to make a future for themselves then yes, i do. Don't you?

3. You know nothing about me.

As for your last paragraph, zzzzzzzzzzzzzzzz


Edit: Despite making yourself look like a tool, you've made a friend in 'Tom'. Good work

Edited by -TUX- (05 Feb 2016 8.33pm)

Out of interest, why don't you become a landlord if there's "very little effort on the part of the owner", no financial "risk" and you get the mortgage paid by tenants?

To imply that the buy to let sector is significantly responsible for the housing crisis is rubbish as the figures show...

The National Housing and Planning Advice Unit said just 7% out of a total increase in house prices of 150% between 1996 and 2007 was due to increased lending to landlords. The broad consensus among economists is still that rising incomes, lower interest rates, a growing population, and the wider increase in credit availability more readily explains rising prices.

Edited by Penge Eagle (05 Feb 2016 11.34pm)

 

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View Ketteridge's Profile Ketteridge Flag Brighton 06 Feb 16 8.40am Send a Private Message to Ketteridge Add Ketteridge as a friend

Originally posted by Penge Eagle

I agree that immigration (and with it higher birth rate) isn't the ONLY reason as an ageing population, increase in families splitting up impacts things from the demand side, while there are many, many issues with the supply side, some of which you mention.

However, my point is that immigration is a factor and we need to be able to control our borders. Reducing net migration to half that amount would definitely help (though not solve the problem entirely). Why can't the left posters agree?

The problem is it is a small fraction of the of extra demand on pressure, it's like blaming Geoff Thomas penalty miss at Anfield for the 9-0. Using the census link you provided average house size has dropped from 2.4 to 2.3, so living in the filthy over crowded conditions we had in the dark dim early 2000s would would cover an additional 2.7m population.

Of the net migration only a third come from EU in the last ten years, although that proportion is growing and was just under half last year. The majority of migrants are from 'controlled' migration not open border Europe.

The right it has never has true debate about Europe and migration, the conservative Parlimentary party understand it is needed, good for business and the economy but know this is a difficult sell to the general conservative voters.

 


One supporter of hacking argued that without it "you will do away with the courage and pluck of the game, and I will be bound to bring over a lot of Frenchmen who would beat you with a week's practice -Blackheath secretary at first meeting of the F.A

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View Ketteridge's Profile Ketteridge Flag Brighton 06 Feb 16 9.08am Send a Private Message to Ketteridge Add Ketteridge as a friend

Originally posted by Mapletree

I have noticed an amazing amount of suitable building land all over London. I have absolutely no idea why it doesn't get used, often it's just abandoned buildings with shrubs growing out of them. Truly I don't believe we have to build on green field site, it's just easier.

Having had a job preventing Sri Lanka from flooding - involving trying to control building in flood plains - it is clear that has to be managed very tightly. It can be done but you need better dredging, allocated run-off sites etc. But I don't see why London can't grow upwards rather than outwards.


Land speculation is often the reason good land is not being built on, the price of land is going up as quickly as property, if you have land in London you are likely to get a good return for it with out having to do anything to it.

 


One supporter of hacking argued that without it "you will do away with the courage and pluck of the game, and I will be bound to bring over a lot of Frenchmen who would beat you with a week's practice -Blackheath secretary at first meeting of the F.A

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View orpingtoneagle's Profile orpingtoneagle Flag Orpington 06 Feb 16 9.11am Send a Private Message to orpingtoneagle Add orpingtoneagle as a friend

Originally posted by Casual

You must be up near me mate.
Although try the white hart down the bottom of the high street on a Friday night. Not the most tranquil.

You wouldn't catch me down that end of the high street at night.

The Woodman in Farnborough Village maybe or aa I am fond of proper beer we have the CAMRA Greater London pub (One in the Wood by Petts Wood station,) and club (Orpington Liberal Club,) in the area.

 

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View Penge Eagle's Profile Penge Eagle Flag Beckenham 06 Feb 16 2.58pm Send a Private Message to Penge Eagle Holmesdale Online Elite Member Add Penge Eagle as a friend

Originally posted by Ketteridge

The problem is it is a small fraction of the of extra demand on pressure, it's like blaming Geoff Thomas penalty miss at Anfield for the 9-0. Using the census link you provided average house size has dropped from 2.4 to 2.3, so living in the filthy over crowded conditions we had in the dark dim early 2000s would would cover an additional 2.7m population.

Of the net migration only a third come from EU in the last ten years, although that proportion is growing and was just under half last year. The majority of migrants are from 'controlled' migration not open border Europe.

The right it has never has true debate about Europe and migration, the conservative Parlimentary party understand it is needed, good for business and the economy but know this is a difficult sell to the general conservative voters.

I'm not so sure that it's small demand - I'd say net 'legal' migration of 330,000 is a big demand when you compare it to the number of new houses being built and not the population as a whole. And we have loads of catching up to do, ie 100,000 to make up each year from last 20 years. It's also a strain on the NHS, local schools and infrastructure too.

Slashing immigration won't solve the housing problem but it will go a long way in helping.

Edited by Penge Eagle (06 Feb 2016 3.07pm)

 

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View cb1969's Profile cb1969 Flag Back in the 'hood 06 Feb 16 3.11pm Send a Private Message to cb1969 Add cb1969 as a friend

Originally posted by Hoof Hearted

I could make that easily and more.

See the investment trust thread.

I invest through Hargreaves Lansdown and their tips and recommendations are worth taking note of. For a start their 5 shares to follow in 2015 made 65%. They've made a 2016 prediction too which is already off to a flyer in this bear market. They also have "wealth funds" which are recommended for growth and/or income... all doing well.

So you can yield a 25% return monthly? I am very impressed, starting with 200 quid and reinvesting your profits every month (assuming 25%) you would have made over £130 million in 5 years. Where do i send my £200?


 

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View -TUX-'s Profile -TUX- Flag Alphabettispaghetti 06 Feb 16 5.03pm Send a Private Message to -TUX- Add -TUX- as a friend

Originally posted by Penge Eagle

Out of interest, why don't you become a landlord if there's "very little effort on the part of the owner", no financial "risk" and you get the mortgage paid by tenants?

To imply that the buy to let sector is significantly responsible for the housing crisis is rubbish as the figures show...

The National Housing and Planning Advice Unit said just 7% out of a total increase in house prices of 150% between 1996 and 2007 was due to increased lending to landlords. The broad consensus among economists is still that rising incomes, lower interest rates, a growing population, and the wider increase in credit availability more readily explains rising prices.

Edited by Penge Eagle (05 Feb 2016 11.34pm)

1. I don't need or want to.
2. You equate the 'housing crisis' to house prices. I equate the 'housing crisis' to those who can easily afford to pay extortionate rents (for many years in many instances) yet aren't given a mortgage due to being unable to save an absurd deposit to due paying extortionate rents etc etc............

That's where we differ.
That's also why the reference you took the time to source and then post is irrelevant. But well done, it obviously made you happy for a while.


 


Time to move forward together.

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