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Debate House Prices
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Nationwide "Real" House Price Index rose 1.6% in June
Comments
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whilst i agree with your comments here i'd just like to add that there is a balance that is required. not the total focus of money, money, money...
also, some people do actually do these things to look after their future and their families future and security.
Exactly.
And when I give my kids the property it is unlikely they will both want to live in it together forever, and that would lead to 2 options...........
1. they sell it to provide themselves a decent deposit on a house of their choosing, or
2. one buys the other out
Either way it would be better for them all round if prices were reasonably low."The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
See, this is the problem with Hamish and his like, they think money is everything, trust me it isn't and the likes of yourself prove the point. When you use money to buy things from anything from a CD to a Porsche, it has a novelty factor, which only lasts a finite amount of time, once the novelty has worn off, the only way for these kind of people to replace the novelty is to buy something else......... the cycle continues and you basically get nowhere, always chasing something that you will never catch........ NOW..
Poppycock.
Money isn't everything at all. But I've been relatively poor, and I've been relatively wealthy. And I can assure you, wealthy is better....;)
I'd agree with you to a point about toys and getting bored of them, but I'd rather have the capability to do so than not. At least then it's my choice, rather than a choice imposed on me by lack of resources. And eventually of course, people find things that interest them for the long term, and which they don't get bored of when the novelty factor wears off. For me it's classic cars or bikes, fine wines or antique watches, things of lasting beauty and intrinsic quality.
I'm not big into the whole consumer culture, but I have a fondness for quality.
Money does not buy happiness. But having an abundance of it sure as hell makes life a lot easier and less stressful. And allows people to explore interests and pursuits that most people cannot. Which may be a shame, but it's reality.when you help someone out, whether it be a minor thing or something bigger, like yourself with your children, you get a good feeling that can last a lifetime.... and that is the key to fulfilment.
I'd agree with that. But again, the capacity to do so increases with wealth.....“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Correct
I am flattered by your interest in my affairs, and, whilst I do not want to go into too much detail I will tell you this..............
I have been a homeowner for over 20 years and during that time I became an accidental landlord of the first house I ever bought and then bought another one to live in.
On moving to my present home in 1997, I rented out the second.
That is the one I sold in 2007.
I am now mortgage free on the property I live in and on the original rented property.
A position which you would like to be in in a few years time.
Maybe your animosity is a result of your envy.
Or maybe you are just confused that someone in my position would want prices to fall?
No animosity, just your inconsistancy in your stories means what you say must be taken with a pinch of salt
"On moving to my present home in 1997, I rented out the second.
That is the one I sold in 2007.
I am now mortgage free on the property I live in and on the original rented property."
I thought you sold the rented property
As for being a LL for 10 years :rolleyes:, if you were you wouldn't have been asking about renting the inherited property out in your stick or twist thread.
Admit it, you've made some things up and now are trying to back track.
P.S. Do you prefer my interest or posting links from the bbc website
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
No. But it can buy happiness.HAMISH_MCTAVISH wrote: »Money does not buy happyness.0 -
Indeed. But it was short and coherent.
Half there and half baked is more like it..:p“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
No. But it can buy happiness.
Oh Noes, the speeling polize is gonna geet mees.....:rolleyes:“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
IveSeenTheLight wrote: »No animosity, just your inconsistancy in your stories means what you say must be taken with a pinch of salt
"On moving to my present home in 1997, I rented out the second.
That is the one I sold in 2007.
I am now mortgage free on the property I live in and on the original rented property."
I thought you sold the rented property
As for being a LL for 10 years :rolleyes:, if you were you wouldn't have been asking about renting the inherited property out in your stick or twist thread.
Admit it, you've made some things up and now are trying to back track.
What are you talking about?
Have you actually read what I have written?"The problem with quotes on the internet is that you never know whether they are genuine or not" -
Albert Einstein0 -
What are you talking about?
Have you actually read what I have written?
Probably not. Worth just ignoring in all honesty. Dragging posts up is one thing, but getting them totally wrong and then going on a stupid internet warrior witch hunt and then thanking hamish....well thats pure desperation taking hold!0 -
What are you talking about?
Have you actually read what I have written?
Well, lets see.
You've been a homeowner for over 20 years (1 Property - Lets say bought in 1987)
Then bought and moved to your present home in 1997 with the first becoming a rented property (2 properties - 1 bought in 1987 and the other in 1997)I have been a homeowner for over 20 years and during that time I became an accidental landlord of the first house I ever bought and then bought another one to live in.
On moving to my present home in 1997, I rented out the second.
You then sold the rented property in 2007 to a BTL muppet (even though you were a LL for 10 years :rolleyes:I rented out the second.
That is the one I sold in 2007.I sold a further house in august 2007 - at the peak, to a BTL mug
So back to 1 property, but wait, you say here you are mortgage free on the property you live in and on the original rented property.
I thought you said you sold the original rented property in 2007
Where has this additional property appeared from?I am now mortgage free on the property I live in and on the original rented property.
Since then you've inherited a property put on the market with one offer (from which you claim to have sold in the last 6 weeks and why you are now mortgage free)I have inherited a house which has been valued by a few estate agents for 100k and I have put it on the market for 95k. I have had one offer so far after 3 weeks for 90k
But then you say you didn't market it
I'm wondering if this LL mate of yours is also a BTL mug.There was no marketing because I sold it privately to a landlord mate of mine for 90k (about 25% off "peak value")
It took just over 4 weeks from agreeing the price to completion
You've also queried if you would have to pay taxes on the inherited property, I would have thought a BTL LL of 10 years should know about legislation and what taxes are applicablethanks for that.
will i have to pay any tax then?
I would have thought as a LL of 10 years, you would personally know the issues with renting out a property, not only knowing from friends and aquantencesI know what a hassle renting out a property can be having heard some horror stories from friends and aquaintences so that puts me off straight away.
I think the problem about telling porkies is that it can be hard to remember which stories you've spun
P.S. Have I read you correctly
:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Jeez.
It's quite clear there were 3 properties.
Renting out one, while living in a home, then buying another home, rented out the one he had been living in. 2 rentals, 1 home. Simples. Though I have to say ISTL, your spinning here is something to be commended.
Secondly, getting valuations does NOT mean marketing it with estate agents. I would say your spinning is to be commended, but actually, its really quite desperate to act quite so thick in order to make it look like someone else is lying.
Thirdly, not every landlord is a business landlord. My dad wasn't, and didnt know anything about the taxes. Not everyone is professionaly involved and the poster has quite clearly stated he wasnt. Same goes for many business's across the country who hire someone in to do their taxes.
Have you read him correctly? Yes, probably. Are you trying to act insanely thick to libel another poster? Certainly.
These I must say, are levels I aint seen before.0
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