Debate House Prices


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Liz Jones is Credit Crunched in the end.....

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Comments

  • sss555s
    sss555s Posts: 3,175 Forumite
    vivatifosi wrote: »
    :rotfl:Damn you alll the ssssss.... Just laughed so much I spat coffee down my nice clean white top.

    Tut, someone needs a bib.

    :A
  • treliac
    treliac Posts: 4,524 Forumite
    dopester wrote: »
    Here are two previous owners of her farm.

    I bet they seldom complained about their circumstances.

    upcottfarm.jpg

    http://www.brushfordparish.com/Brushford%20History.html


    Ah!, baby boomers? Did they make a nice little profit?
  • I quite fancy Liz Jones.

    Sorry 'bout that.
  • fc123
    fc123 Posts: 6,573 Forumite
    treliac wrote: »
    Ah!, baby boomers? Did they make a nice little profit?

    I am guessing (from the date) that they died before benefitting from serious baby boomer wealth.

    Actually, thinking about this, could you run a farm of that size (by growing/rearing and selling the produce) and make enough to service a mortage debt of 1.6 million?....I am taking off 100k discount and 200k deposit.
    Tomterm and LIR would know for sure but I guess no way at all esp if it's hay and cabbages.

    Combo of holiday let, a nich organic farm then making a luxe product, selling direct to customer. Could that income service 1.6 mill of mortgage?

    Maybe a couple, one is a well paid writer, the other runs the farm, holiday let and making the niche product.....could add up then.
  • lemonjelly
    lemonjelly Posts: 8,014 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    I quite fancy Liz Jones.

    Sorry 'bout that.

    :eek:

    Where's the vomiting smiley?
    It's getting harder & harder to keep the government in the manner to which they have become accustomed.
  • wageslave
    wageslave Posts: 2,638 Forumite
    If I was the caring sort (which I am not) I would worry about Ms Jones.

    She is what, a carefully preserved 50 odd without chick or child. Where does she go from here?

    Old age is leering at her from the sidelines and her particular style of writing is already looking a bit tired.

    It's not the lack of money that will do for Liz, it's the lack of real friends and any sort of family.

    And for that she only has herself to blame.
    Retail is the only therapy that works
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    lemonjelly wrote: »
    :eek:

    Where's the vomiting smiley?
    vomit-smiley-9529.gif
    poppy10
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    poppy10 wrote: »
    Fab EPC graphs .... I'd want to see much better readings than that before I considered an isolated house on the moors..... I bet it's a draughty, damp, dismal hole in winter.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    wageslave wrote: »
    If I was the caring sort (which I am not) I would worry about Ms Jones.

    She is what, a carefully preserved 50 odd without chick or child. Where does she go from here?

    Old age is leering at her from the sidelines and her particular style of writing is already looking a bit tired.

    It's not the lack of money that will do for Liz, it's the lack of real friends and any sort of family.

    And for that she only has herself to blame.
    Oh dear... there goes my life ... except I don't write and don't have the income and don't have her assets.

    Her birthdate was in the article linked to a few posts back: 5 September 1958, so she's just about to meet 52.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    fc123 wrote: »

    Actually, thinking about this, could you run a farm of that size (by growing/rearing and selling the produce) and make enough to service a mortage debt of 1.6 million?....I am taking off 100k discount and 200k deposit.
    I'd expect a bigger deposit than £200k ... that'd be chicken feed to the sort of person that could consider buying such a house.

    I'd expect anybody buying a house for £1.8 million or so to be putting down more like £800k minimum.

    A £1million repayment mortgage, over 25 years, at 4.75% (I think that's a bandied about figure for an average at the moment) is:
    £3333 interest per month
    £1945 principal
    ======
    £5278/month
    ======
    So call it £7k/month including posh bills.

    That's a lot of cabbages....
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