four-wheel-drive Posted January 2, 2014 Report Share Posted January 2, 2014 (edited) zzzzzzzzzzzzz Edited January 2, 2014 by four-wheel-drive Quote Link to comment Share on other sites More sharing options...
mark@mbb Posted January 2, 2014 Report Share Posted January 2, 2014 Catweazle they cannot throw the keys back there was a fella in spain, who did that with a 200k villa the bank then sold ,it for 40k at auction and sent a court order to the Uk to the fella, for the rest of the money and the court in the uk accepted. it he had to raise the money sell his house but he had to pay it he thought he could just give them back and walk away Quote Link to comment Share on other sites More sharing options...
Catweazle Posted January 2, 2014 Report Share Posted January 2, 2014 Catweazle they cannot throw the keys back there was a fella in spain, who did that with a 200k villa the bank then sold ,it for 40k at auction and sent a court order to the Uk to the fella, for the rest of the money and the court in the uk accepted. it he had to raise the money sell his house but he had to pay it he thought he could just give them back and walk away Plenty of people have done it before. If house prices crash, and rents go down as a result, there will be many people paying huge mortgages who decide they will be better off just throwing the keys back at the bank, renting a house, and declaring themselves bankrupt to get the debts cancelled. If enough people did it the banks would crash, who knows what would happen next. Quote Link to comment Share on other sites More sharing options...
Fisherman Mike Posted January 2, 2014 Report Share Posted January 2, 2014 Developers who build thousands of new homes have ZERO issues getting planning - they can afford to pay off the councillors on the planning committee… or give overpaid work to the architects and land agents among them. The only people who can't get planning are private individuals - those wanting to build a nice detached house in a nice semi rural spot they bought for a few k. They won't get permission because then we'd all just buy an acre and get builders to fire up a nice detached house cheaply. This would have disastrous consequences. Not owing a huge sum to mortgage lender, you will probably retire earlier, and wouldn't accept rubbish pay and conditions. Who wants that? Your home would also seriously devalue the (artificially high) value of nice homes owned by the very demographic who refuse permission. Planning policy is more concerned about preserving the value of expensive detached homes in good sized plots/land, not the ones most mortgages are lent for that the working classes live in... AND they do it to keep the working classes bound by the property trap to work harder for less pay. Besides, those banks are the same ones lending money to developers so its all swings and roundabouts to them - the working class majority are the losers every time. That was a party political broadcast on behalf of the UK Independence Party Quote Link to comment Share on other sites More sharing options...
mememe Posted January 3, 2014 Report Share Posted January 3, 2014 Developers who build thousands of new homes have ZERO issues getting planning - they can afford to pay off the councillors on the planning committee… or give overpaid work to the architects and land agents among them. The only people who can't get planning are private individuals - those wanting to build a nice detached house in a nice semi rural spot they bought for a few k. They won't get permission because then we'd all just buy an acre and get builders to fire up a nice detached house cheaply. This would have disastrous consequences. Not owing a huge sum to mortgage lender, you will probably retire earlier, and wouldn't accept rubbish pay and conditions. Who wants that? Your home would also seriously devalue the (artificially high) value of nice homes owned by the very demographic who refuse permission. Planning policy is more concerned about preserving the value of expensive detached homes in good sized plots/land, not the ones most mortgages are lent for that the working classes live in... AND they do it to keep the working classes bound by the property trap to work harder for less pay. Besides, those banks are the same ones lending money to developers so its all swings and roundabouts to them - the working class majority are the losers every time. That was a party political broadcast on behalf of the UK Independence Party sorry bout that lol ..a few glasses of prosecco and I'm citizen smith Quote Link to comment Share on other sites More sharing options...
Steve_in_Devon Posted January 3, 2014 Report Share Posted January 3, 2014 There's a reason why restrictive planning regulations are keeping house prices high, the banks have lent huge amounts as mortgages and count the houses as assets. If house prices crash, or should we say "become realistic", then thousands of people will throw the keys back at the banks who will then be left holding houses worth a fraction of what they have claimed they are. The banks will become insolvent overnight, and we can't allow that can we. If house prices crash, I think it will be more likely when they crash. There is no way they can carry on like they are. We a single income family, I earn above average salary and we still cant afford to buy a house, let alone save for a deposit. Quote Link to comment Share on other sites More sharing options...
Catweazle Posted January 3, 2014 Report Share Posted January 3, 2014 If house prices crash, I think it will be more likely when they crash. There is no way they can carry on like they are. We a single income family, I earn above average salary and we still cant afford to buy a house, let alone save for a deposit. I have to agree, I expect a big price correction in the next year or two. Quote Link to comment Share on other sites More sharing options...
johnbaz Posted January 3, 2014 Report Share Posted January 3, 2014 Hi all Our lease holders used to be the Friendly Druids society, they sold all the leases to some property developers, they then offered the leases to all the homeowners company, ours was offered to us for around £1,200, we thought it was too much and offered around £800, they declined so we forgot about it!! A couple of years later they contacted us saying that the sell off was so successful that it wasn't worth them collection ground rent! they offered us the lease for slightly under £500 so that was the price we paid plus our solicitors fees to complete the deal which was less than our original offer!! Our land is around 53 metres by around 10 metres at the widest.. John Quote Link to comment Share on other sites More sharing options...
figgy Posted January 3, 2014 Report Share Posted January 3, 2014 (edited) Four wheel drive your blaming the rich for the house prices and lack of housing at affordable prices. What about the government right to buy your councill house selling them all off. Most first timers years ago rented not bought and then started in a small terrace. In most places terraced houses are still affordable but most younger buyers want the full nine yards semi or detatched with a new car and hollidays, that it took there parents years to work to get. It's not much different now to times in the past apart from social housing, as plenty couldn't ever afford to buy there own home. Simple economics if you don't earn enough to buy a house you rent one you can. Tough old world ain't it. But to have a go at people fortunate and savvy enough to be able to buy and make money seems odd to me. Figgy Edited January 3, 2014 by figgy Quote Link to comment Share on other sites More sharing options...
four-wheel-drive Posted January 3, 2014 Report Share Posted January 3, 2014 Four wheel drive your blaming the rich for the house prices and lack of housing at affordable prices. What about the government right to buy your councill house selling them all off. Most first timers years ago rented not bought and then started in a small terrace. In most places terraced houses are still affordable but most younger buyers want the full nine yards semi or detatched with a new car and hollidays, that it took there parents years to work to get. It's not much different now to times in the past apart from social housing, as plenty couldn't ever afford to buy there own home. Simple economics if you don't earn enough to buy a house you rent one you can. Tough old world ain't it. But to have a go at people fortunate and savvy enough to be able to buy and make money seems odd to me. Figgy I have nothing against the sale of council houses but and it is a big but why oh why did they not let the councils use the money that they got selling the houses to build new ones. As for renting I have nothing against people renting houses like people do in most of Europe the problem is from what I have been told in other countries first people wen renting have security of tenure not short six month leases. Secondly the rent that people pay is nothing like what people have to pay in this country the thing that gets up my nose is people who just happen to have the deposit can get a mortgage and then rent the place out and the person renting ends up paying more that the bloody mortgage payments are that can never be rite. Quote Link to comment Share on other sites More sharing options...
figgy Posted January 3, 2014 Report Share Posted January 3, 2014 It's is right and has been that way for years with renting someone has to buy it in the first place. I can see what you mean about renters paying more than the mortgage may seem wrong but that's how there trying to build a nest egg. The selling off of council houses reduced the available rental properties causing the trend of buy to let. Figgy Quote Link to comment Share on other sites More sharing options...
RED BEARD Posted January 4, 2014 Report Share Posted January 4, 2014 the rent on a house should be more than the mortgage.the person with the mortgage has all the risk and long term commitment,if the area suddenly becomes a crime filled doss hole the home owner is stuck with a house there,but the tenant can up sticks and rent somewhere nicer.a tenant doesn't have to bother if the roof needs replacing,house needs rewiring/plumbing or any other structural work,thats the perks of being a tenant. Quote Link to comment Share on other sites More sharing options...
Catweazle Posted January 4, 2014 Report Share Posted January 4, 2014 I have nothing against the sale of council houses but and it is a big but why oh why did they not let the councils use the money that they got selling the houses to build new ones. Because they'd already decided to give the money raised to the rich in the form of tax cuts. It was the same as all the other privatization schemes - rob the country to give money to their friends. Quote Link to comment Share on other sites More sharing options...
four-wheel-drive Posted January 4, 2014 Report Share Posted January 4, 2014 (edited) the rent on a house should be more than the mortgage.the person with the mortgage has all the risk and long term commitment,if the area suddenly becomes a crime filled doss hole the home owner is stuck with a house there,but the tenant can up sticks and rent somewhere nicer.a tenant doesn't have to bother if the roof needs replacing,house needs rewiring/plumbing or any other structural work,thats the perks of being a tenant. I think that you are living in a different country to me if you buy an ex council flat in a rough estate you are plane stupid for most of this country the chance of a house going down in value if you believe that can happen I have got some cheep hens teeth for sale I found a box of them in my attic only £200 each. Edited January 4, 2014 by four-wheel-drive Quote Link to comment Share on other sites More sharing options...
RED BEARD Posted January 4, 2014 Report Share Posted January 4, 2014 I think that you are living in a different country to me if you buy an ex council flat in a rough estate you are plane stupid for most of this country the chance of a house going down in value if you believe that can happen I have got some cheep hens teeth for sale I found a box of them in my attic only £200 each. so just to make sure i've understood what you've wrote. you don't believe an area can become less desirable to tenants then? and are you also saying house prices will never fall or fluctuate? Quote Link to comment Share on other sites More sharing options...
LondonLuke Posted January 4, 2014 Report Share Posted January 4, 2014 I think that you are living in a different country to me if you buy an ex council flat in a rough estate you are plane stupidfor most of this country the chance of a house going down in value if you believe that can happen I have got some cheep hens teeth for sale I found a box of them in my attic only £200 each. The irony Quote Link to comment Share on other sites More sharing options...
mememe Posted January 4, 2014 Report Share Posted January 4, 2014 (edited) Of course its the rich to blame - they have the power to abuse so who else can you blame? …just don't go confusing the marginally better off with them! Its only the richest 5% who screw the rest of us - they keep property values, unemployment and taxes high, and they keep wages, and standard of living for the masses low. They get away with it because the only ones among us smart enough to know whats going on know they can't change it and get their snouts in the trough! Maybe if you let yourself be farmed like sheep, you should be - law of the jungle. No, it isn't fair, life ain't so good luck. Edited January 4, 2014 by mememe Quote Link to comment Share on other sites More sharing options...
four-wheel-drive Posted January 4, 2014 Report Share Posted January 4, 2014 so just to make sure i've understood what you've wrote. you don't believe an area can become less desirable to tenants then? and are you also saying house prices will never fall or fluctuate? The problem is to many people to few houses yes the cost of houses could go down all that it needs is a good world war or a good killer flue epidemic just kill loads of people off and down will come the price of houses simple my friend as well as solving the housing problem it would also solve a lot of other problems like global worming there are just to many people for the world to cope with like it or not. Quote Link to comment Share on other sites More sharing options...
RED BEARD Posted January 4, 2014 Report Share Posted January 4, 2014 The irony i love it Quote Link to comment Share on other sites More sharing options...
Hamster Posted January 4, 2014 Author Report Share Posted January 4, 2014 The problem is to many people to few houses yes the cost of houses could go down all that it needs is a good world war or a good killer flue epidemic just kill loads of people off and down will come the price of houses simple my friend as well as solving the housing problem it would also solve a lot of other problems like global worming there are just to many people for the world to cope with like it or not. Me no like the sound of that one bit. Quote Link to comment Share on other sites More sharing options...
mememe Posted January 5, 2014 Report Share Posted January 5, 2014 The problem is to many people to few houses yes the cost of houses could go down all that it needs is a good world war or a good killer flue epidemic just kill loads of people off and down will come the price of houses simple my friend as well as solving the housing problem it would also solve a lot of other problems like global worming there are just to many people for the world to cope with like it or not. You'l be volunteering for that then will you? I shall thank you now then as I don't intend to among you Cheers Quote Link to comment Share on other sites More sharing options...
shaun4860 Posted January 5, 2014 Report Share Posted January 5, 2014 Figgy has a point regarding what the first time buyers are after, Terraced housing where I live is still available from £35k upwards My niece wants to buy but won't buy one of these, she wants the semi, new build type. What has happened to the terraces is that people are snapping them up and renting them out, They are not bothered who rents them so the area starts to deteriorate therefore making people who CAN afford to buy not want to live there, Case in point, couple 5 doors down from me moved in, not the nicest couple. As in noisy, didn't care about the house, loud music etc Didn't pay rent got evicted, moved into the next street down,......will they start to pay rent now? Council failed to reinvest the money they got from selling stock, just sat on the money. Our council have now sold of all of their housing stock to a housing association, The young first time buyers of today have more disposal income than our parents did and live in the "we want it now" culture Who can blame them Quote Link to comment Share on other sites More sharing options...
Catweazle Posted January 5, 2014 Report Share Posted January 5, 2014 Council failed to reinvest the money they got from selling stock, just sat on the money. Councils were not allowed to reinvest in building housing, they were forced to use the money in lieu of money that would normally come from central funds, but which had been given away in tax cuts to the rich friends of the Tories. Quote Link to comment Share on other sites More sharing options...
leeds chimp Posted January 5, 2014 Report Share Posted January 5, 2014 Figgy has a point regarding what the first time buyers are after, Terraced housing where I live is still available from £35k upwards My niece wants to buy but won't buy one of these, she wants the semi, new build type. What has happened to the terraces is that people are snapping them up and renting them out, They are not bothered who rents them so the area starts to deteriorate therefore making people who CAN afford to buy not want to live there, Case in point, couple 5 doors down from me moved in, not the nicest couple. As in noisy, didn't care about the house, loud music etc Didn't pay rent got evicted, moved into the next street down,......will they start to pay rent now? Council failed to reinvest the money they got from selling stock, just sat on the money. Our council have now sold of all of their housing stock to a housing association, The young first time buyers of today have more disposal income than our parents did and live in the "we want it now" culture Who can blame them True as when we started to look as a first time buyer we had the choice of living near the city centre but all the trouble that comes with that...or paying a few more £££ nd living in a "Better" area Quote Link to comment Share on other sites More sharing options...
four-wheel-drive Posted January 5, 2014 Report Share Posted January 5, 2014 You'l be volunteering for that then will you? I shall thank you now then as I don't intend to among you Cheers I am getting on a bit now so not that much bothered ether way. Quote Link to comment Share on other sites More sharing options...
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