Your house may never be worth as much again

TRUSt_NO_1_2

Building costs...3 bed semi..materials + labour ...in truth £30k-£40k ?

Land Value.......without the building...what other value does it have...

farming ..buttons..

A means to earn as it is near to your employer.How much is that really worth ?

With the public sector going in to crisis mode in next 2 years,the major source of revenue for many companies and individuals will dry up.
It will be a downward spiral.

Certain areas will be hit hard .Low income areas.
Some now valued in £10's of thousands will become almost worthless..as has happened before.

House prices will fall..everywhere.

Rural areas ,that don't rely so much on government expenditure will probably be least effected.These might be presented as safe havens away from the madding crowd if things turn nasty.

London will be affected.
Once the rot sets in, nowhere will escape.

The worst is yet to come.

It's a global economy.House prices are no different.The UK house prices are a joke.


Q.Who can afford to buy a £500,000 house ?
A. A primary school teacher on £220,000 /year

(what's the chance on him getting his £145,000 pension for the next 30 years ?)

A._Badger

TRUSt_NO_1 wrote: »

Building costs...3 bed semi..materials + labour ...in truth £30k-£40k ?

Land Value.......without the building...what other value does it have...

farming ..buttons..

A means to earn as it is near to your employer.How much is that really worth ?

With the public sector going in to crisis mode in next 2 years,the major source of revenue for many companies and individuals will dry up.
It will be a downward spiral.

Certain areas will be hit hard .Low income areas.
Some now valued in £10's of thousands will become almost worthless..as has happened before.

House prices will fall..everywhere.

Rural areas ,that don't rely so much on government expenditure will probably be least effected.These might be presented as safe havens away from the madding crowd if things turn nasty.

London will be affected.
Once the rot sets in, nowhere will escape.

The worst is yet to come.

It's a global economy.House prices are no different.The UK house prices are a joke.


Q.Who can afford to buy a £500,000 house ?
A. A primary school teacher on £220,000 /year

(what's the chance on him getting his £145,000 pension for the next 30 years ?)

Golly, yes! And just wait till the plague of zombies marches in!

There's some pretty pathological doomsaying around on these threads. You could get an amusing dissertation out of them.

TRUSt_NO_1_2

A._Badger wrote: »

Golly, yes! And just wait till the plague of zombies marches in!

There's some pretty pathological doomsaying around on these threads. You could get an amusing dissertation out of them.

And just wait till the plague of zombies marches in!

You've arrived !

diable

Hmmmm I may move to the garage at the end of the garden and then let the house out for the maximum allowed for housing benefit, should be quids in ;o)))

TRUSt_NO_1_2

diable wrote: »

Hmmmm I may move to the garage at the end of the garden and then let the house out for the maximum allowed for housing benefit, should be quids in ;o)))

I'm sure your wife will be pleased.

Or has she left you already ?

A._Badger

TRUSt_NO_1 wrote: »

And just wait till the plague of zombies marches in!

You've arrived !

On the contrary, I said something. You're just too dumb to understand what it was.

HAMISH_MCTAVISH

macaque wrote: »

Six months I was assured that we could rent our house for another 3 years. Three weeks ago our 'hobby landlord' changed his plans and wants the house back immediately. I am dismayed, my family are dismayed and our neighbours are dismayed. The move will cost us huge disruption and £thousands. Our lives have been turned upside down on the whim of an idiot. Letting houses is not for amateurs.

Gorgeous_George

macaque wrote: »

Six months I was assured that we could rent our house for another 3 years. Three weeks ago our 'hobby landlord' changed his plans and wants the house back immediately. I am dismayed...

Maybe your Landlord is a regular on these forums and has worked out who his tenant is.

GG

macaque_2

HAMISH_MCTAVISH wrote: »

For you it might be Schadenfreude. For me it is vindication of my long running protest againts property speculation and amateur landlords.

Georgeous George somewhat patronisingly told me to pick my landlord with more care. Unfortunately that is more easily said than done. I am virtually forced into the hands of the hobby Landlords. In recent years they have squeezed out the professional landlords by pushing yields down to unrealistic levels.

Its all a big mess and a lot people are getting hurt.

JonnyBravo

macaque wrote: »

For you it might be Schadenfreude. For me it is vindication of my long running protest againts property speculation and amateur landlords.

Georgeous George somewhat patronisingly told me to pick my landlord with more care. Unfortunately that is more easily said than done. I am virtually forced into the hands of the hobby Landlords. In recent years they have squeezed out the professional landlords by pushing yields down to unrealistic levels.

Its all a big mess and a lot people are getting hurt.

Are you here expecting sympathy?
A mocking laugh to confirm that all bulls/hobby landlords are vicious swines?
To amuse?

Tis real life and hardly the worst fate anyone can suffer.

Just thank your landlord for kindly providing a roof over your head and laugh to yourself about how you'll now be paying for another landlords champagne and not his! That'll show 'im!