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Buying a House? Why Wait?

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Buying a House? Why Wait?

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Old Nov 1st 2011 | 9:51 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by JLFS
Either you are exagerating or she is. I have never been to Hull, and to be honest it is not on my Bucket List, but to say that the people of hulllive like gypsies is a bit much to lump them all together.

Are there no middle classes or ,dare I suggest it, well off peeps in Hull, are there not educated folk, professionals at all, are there no wannabees?

And of course you did not try to ask the questions I asked did you?
no of course not you probably agreed wholeheartedly and gave her more negative points about Hull, in a sickeningly ar.se licking,brown nosing way, just as I would expect you to-

I bet that went down very well, you being a real crowd pleaser to the BILS SILS MILS FILS and well off Spanish professionals with good unidegrees.


Obviously your "working class friend" did not have any sort of social life, or I am sure she would have seen some good in the people and the place.

Your distain is showing big time.
What are BILS MILS FILS etc.?
 
Old Nov 1st 2011 | 9:54 pm
  #107  
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Default Re: Buying a House? Why Wait?

Originally Posted by JLFS
Why are you asking the first question if you are saying that you dont believe anyone who claims to know all what will happen?

I just dont get your logic.

And if you think that properties are more of a bargain right now when it is expected that things will get worse, you must be mad-
Well if I'm mad, what does make you if you choose to keep replying to my posts?

As for things getting worse - all economists now agree that the situation got better for the UK when they were forced out of the ERM mechanism in the 90s. At the time it seemed like a disaster. Which is not to say that we're in exactly the same position now. But if someone really think things will only ever get worse, then perhaps they should be put on suicide watch.

At some point there will be a bottom of the market. Now it may not be for a few months yet (who knows?), but I don't follow the argument "keep away for several years". As Lenox points out, in the long run we're all dead anyway. I agree that you'd have to be very brave/foolhardy to buy property as an investment, but as somewhere to live for a long time? I'd even consider Grimsby at such low prices - unlike CM I have family links with the place and wouldn't write off a whole area.
 
Old Nov 1st 2011 | 9:56 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by jackytoo
I think they would still call it the peseta. Even after all these years many companies, utilities etc. still give the equivalent price in the peseta. Our gardener used to add up his monthly hours and multiply in pesetas then convert the total into euro
It's precisely because people still price things in the old peseta, that they would give a new name to the currency. IMO.
 
Old Nov 1st 2011 | 10:03 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by steviedeluxe
Well if I'm mad, what does make you if you choose to keep replying to my posts?

As for things getting worse - all economists now agree that the situation got better for the UK when they were forced out of the ERM mechanism in the 90s. At the time it seemed like a disaster. Which is not to say that we're in exactly the same position now. But if someone really think things will only ever get worse, then perhaps they should be put on suicide watch.

At some point there will be a bottom of the market. Now it may not be for a few months yet (who knows?), but I don't follow the argument "keep away for several years". As Lenox points out, in the long run we're all dead anyway. I agree that you'd have to be very brave/foolhardy to buy property as an investment, but as somewhere to live for a long time? I'd even consider Grimsby at such low prices - unlike CM I have family links with the place and wouldn't write off a whole area.
Dont be a big kid, daft comment.

And I thought we were talking about Spain, well I was when talking about investment in property.
 
Old Nov 1st 2011 | 10:04 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by JLFS
Of course he is.

Why would someone not from London buy a flat there to rent out, to be successful people buy from the areas they know.
I lived in London for 5 years, I bought it to live in

My friend who worked in Hull was obviously only talking about the parents of the school she worked in. She didnt know everyone in Hull obviously, but she was shocked that people like this existed - and so many at one school

Anyway, she married someone from Castleford so I think she is grounded in reality

As for megmet, sorry, but in the town I grew up in, in the North, only people with real problems or students lived in 1 bed flats because it was so cheap to live in a house. In London it depends on the area, you can find drug dealers or millionnaires living in 1 bed flats.
 
Old Nov 1st 2011 | 10:16 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by cricketman
I lived in London for 5 years, I bought it to live in

My friend who worked in Hull was obviously only talking about the parents of the school she worked in. She didnt know everyone in Hull obviously, but she was shocked that people like this existed - and so many at one school

Anyway, she married someone from Castleford so I think she is grounded in reality

As for megmet, sorry, but in the town I grew up in, in the North, only people with real problems or students lived in 1 bed flats because it was so cheap to live in a house. In London it depends on the area, you can find drug dealers or millionnaires living in 1 bed flats.

So you are a "incidental" landlord as opposed to one that chooses to make a living from rentals


That is why you have the opinion that you do. 1 bed flats are the bain of landlords in many cases, due to long void periods, service charges, and the people that are attracted to live there, usually transient, going through divorce,tempory job.

Families are a much better bet and houses are what they want.
 
Old Nov 1st 2011 | 10:17 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by steviedeluxe
Don't you arrange the payments directly with the council nowadays? Surely you're in more danger of students trashinhg the place, than with a single mother and her kids?
We let our house in England and we were advised to collect rent from the tenant rather than from the social security. If you collect from the SS and it turns out that the tenant wasn't in fact eligible for benefit - you the landlord would have to pay it back.
 
Old Nov 1st 2011 | 10:27 pm
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Default Re: Buying a House? Why Wait?

We have some terrace houses in the North East. Never seen them, myself and my Brother inherited them. They are rented on contract to the local authority. I think they are used for problem families and asylum seekers. The LA takes full responsibility for everything eg. damage, painting, cleaning etc. and there are no voids. We are satisfied with the return.
 
Old Nov 1st 2011 | 10:32 pm
  #114  
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Default Re: Buying a House? Why Wait?

Originally Posted by stuboy
What are BILS MILS FILS etc.?
Brother in law,mother in laws, sister in laws, father in laws, grandfathers in laws.

We have abbreviated them as we feel we know Cmans SILS and BILS and all the friends and extended family personally, we know their eduction level, how much they earn, their travelling experience, their dietry habits-all excellent, drinking habits-again very good, dress preference-all in the best possible taste, views on Brits-all scum, ways of eductaing children-text book perfect, careers-all high flyers
height-all tall.

We are so familiar with them all, I can actually feel their presence every time CMANs fingers hit the keys.
 
Old Nov 1st 2011 | 10:36 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by jackytoo
We have some terrace houses in the North East. Never seen them, myself and my Brother inherited them. They are rented on contract to the local authority. I think they are used for problem families and asylum seekers. The LA takes full responsibility for everything eg. damage, painting, cleaning etc. and there are no voids. We are satisfied with the return.
Lots of cases like this, mental health agencies do the same, they keep a close eye on their clients, and often there are care workers with them 24/7 in their own home. The properties are well looked after and rent is constant.

Doing homework, and making contacts is an important part of being a landlord.
 
Old Nov 1st 2011 | 10:38 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by JLFS
1 bed flats are the bain of landlords in many cases, due to long void periods, service charges, and the people that are attracted to live there, usually transient, going through divorce,tempory job.
Yes now you are backing up what I said earlier. This is normally the case for 1bed flats, but not in the good parts of London. In 5 years I've not had 1 voild day or missed payment for 2 different sets of tenants. And of course, 1 bed flats are easily maintained.

As for my Spanish relatives, I have to bring up examples because my experience is so different to yours, just as it is in this case. Oh and they dont hate Brits unless they hate me, because I'm the only one they know

Maybe we should just accept that we live in different worlds but that both of them exist?
 
Old Nov 1st 2011 | 10:48 pm
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Default Re: Buying a House? Why Wait?

We bought a 1 bed flat in Battersea for Daughter when she got her first job. We rented it when she was sent overseas. We thought it would be OK as they were friends of friends. It was a mansion flat with lots of rules and the couple broke nearly all of them. We were being hassled by the community. They bought a German Shepherd dog (no dogs) The flat had white carpets and they were ruined with dog pee. We sold it, although how prices have risen since at times I wish we had put up with the hassle
 
Old Nov 1st 2011 | 10:51 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by cricketman
Yes now you are backing up what I said earlier. This is normally the case for 1bed flats, but not in the good parts of London. In 5 years I've not had 1 voild day or missed payment for 2 different sets of tenants. And of course, 1 bed flats are easily maintained.

As for my Spanish relatives, I have to bring up examples because my experience is so different to yours, just as it is in this case. Oh and they dont hate Brits unless they hate me, because I'm the only one they know

Maybe we should just accept that we live in different worlds but that both of them exist?
My experience is only different from yours because not all my friends and family are doing well.

I dress well, eat well,live well, trave, and enjoy life.

I lived a poor life in Spain till the age of 7(although I did not know it at the time) as I was never hungry, and I dont remembermy family going to bed hungry.

Whereas you claim to have lived a poor life in the UK untill the 80s, and your family members went to bed hungry by your own admission, you did not get a TV till the 80s.

Our experiences are not so different and our lifestyles today are not, the biggest difference is our opinion of the "less" affluent, wheras you dont know any, I do, whereas you go out of your way to erase all your old life,with the and ridicule of everything working class and British, I dont.

You ooze superiority, and the scorn you poor out about the country and the people you left behind is rather sickening.

You sound like a puppet dancing to the inlaws tune, I really believe that they think you are the bees knees, as they can also feel superior ridiculing all British and all things -British, and you enthusiasically nodding in agreement.

My Fil and MIL would have loved such a son in law too, but they got me instead, with my own opinions and faults, and not a YES man.

Last edited by JLFS; Nov 1st 2011 at 11:19 pm.
 
Old Nov 1st 2011 | 10:53 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by jackytoo
We bought a 1 bed flat in Battersea for Daughter when she got her first job. We rented it when she was sent overseas. We thought it would be OK as they were friends of friends. It was a mansion flat with lots of rules and the couple broke nearly all of them. We were being hassled by the community. They bought a German Shepherd dog (no dogs) The flat had white carpets and they were ruined with dog pee. We sold it, although how prices have risen since at times I wish we had put up with the hassle
I nearly bought a mansion flat in Battersea on Prince of Wales Drive overlooking the park. But we opted for Putney because there are more ammenities

Back then Battersea was gentrifying and housing the spillover from Chelsea. Still some nasty estates around there though
 
Old Nov 1st 2011 | 10:56 pm
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Default Re: Buying a House? Why Wait?

Originally Posted by JLFS

You sound like a puppet dancing to the inlaws tune, I really believe that they think you are the bees knees, as they can also feel superior ridiculing all British and all things -British, and you enthusiasically nodding in agreement.
.
Not at all because they know hardly anything about Britain and are not interested in the slightest.

Seems like you have drawn up quite the fantasy figure of me
 


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