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Debate House Prices


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House prices surge......

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Comments

  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Sibley wrote: »
    He added: “Even accounting for the housing market down-turn, the average homeowner has seen their home increase in value by 75 per cent in the past 10 years.

    Talk about putting spin on a declining %.........
  • RenovationMan
    RenovationMan Posts: 4,227 Forumite
    andybenw wrote: »
    in the last year, my landlord has had to do the following work on the house i'm renting
    - new roof, including all soffit boards
    - new boiler
    - external painting
    - internal painting
    - repointing rear wall
    - new shed
    - relaid patio due to frost damage


    All sound like long term maintenance jobs which will not require doing for a number of years. Doing them can only at worst improved saleability/rentability and at best will have strongly improved the re-sale value.

    I rented my home out when I worked abroad for a year. We had a load of work done on the house and all of it was offset against the rental income. In the end we had no tax to pay on the rental because the work we had done reduced the rental income down to below our personal tax free allowance.

    When we came back and sold the house, it went quickly because of the 'free' work we had done on it. Not a bad deal really, plus our tenants were really nice.
  • MrRee_2
    MrRee_2 Posts: 2,389 Forumite
    abaxas wrote: »
    lol!

    You do know what everyone rents their home from the queen? Or didnt you know that?

    Well, yes, maybe on your planet that is the case ....... now, back down to earth - I will sell my house for £xxx,xxx and spend that money having a rather marvellous retirement.

    Renters will be, well, they will STILL be renting ....... Ha Ha Ha!!
    Bringing Happiness where there is Gloom!
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    abaxas wrote: »
    lol!

    You do know what everyone rents their home from the queen? Or didnt you know that?

    :rotfl::rotfl::rotfl::rotfl:I've heard some great excuses why renting is better then buying but this is the best one yet!

    Top marks abaxas!
  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    There is no such thing as THE housing market.

    There are hundreds in the UK. Unsurprisingly some will be doing better than others.
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
  • reweird
    reweird Posts: 281 Forumite
    I prefer to look on the differences between home owners, and renters as a modern day class system. People who have more than 1 home and rent out the others are the upper class, those who own a single home are the middle class, and those who rent are the lower classes. Let's not beat about the bush and kid ourselves here, anyone who rents or still lives at mummies while approaching their 30's does not take pleasure from their situation.
  • geneer
    geneer Posts: 4,220 Forumite
    Better hope its not a tidal surge Sibley.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    robin_banks wrote: »
    There is no such thing as THE housing market.

    There are hundreds in the UK. Unsurprisingly some will be doing better than others.

    robin you are not allowed to post senisble stuff on this board.
  • bingobob777
    bingobob777 Posts: 67 Forumite
    RenovationMan wrote: »
    I rented my home out when I worked abroad for a year. We had a load of work done on the house and all of it was offset against the rental income. In the end we had no tax to pay on the rental because the work we had done reduced the rental income down to below our personal tax free allowance.

    When we came back and sold the house, it went quickly because of the 'free' work we had done on it. Not a bad deal really, plus our tenants were really nice.

    don't think those sums add up somehow unless by free you mean 20% cheaper than normal.
  • robin_banks
    robin_banks Posts: 15,778 Forumite
    Part of the Furniture Combo Breaker
    Dan: wrote: »
    robin you are not allowed to post senisble stuff on this board.

    I usen't to.
    "An arrogant and self-righteous Guardian reading tvv@t".

    !!!!!! is all that about?
This discussion has been closed.
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