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Why are we building flats for foreigners?

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Comments

  • wotsthat
    wotsthat Posts: 11,325 Forumite
    Joeskeppi wrote: »
    Do you not having anything to say about the rest of the post?

    Graham would rather eat his own earwax than agree with Loughton Monkey. Although he probably (and I don't want to put words in his mouth) agrees with 99.5% of what's been said he's programmed to make a big deal about the 0.5%.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    ILW wrote: »
    No free land to build on.

    http://www.rightmove.co.uk/commercial-property-for-sale/property-39691250.html

    Here's a plot in Devon. I think I'm reading this correctly but a plot of land for £525,000 with permission for 13 houses. Leveller can knock them up for £90k so that works out as £130k per house.

    Knock them out for £210k and you've made £1m gross profit. £180k would be a good price for the area and shift them quicker but that's still £650k. Not all planning has been resolved so I bet there's scope to negotiate a reduction.

    If you don't fancy it but someone else does what's the problem? Would it matter where they came from? It's not as if we don't need the houses.
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    I thought you were doing that with the title (and specific post) seemingly against selling houses to "foreigners".

    Really?

    It's not even my title or thread.

    Do keep up!
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    wotsthat wrote: »
    Graham would rather eat his own earwax than agree with Loughton Monkey. Although he probably (and I don't want to put words in his mouth) agrees with 99.5% of what's been said he's programmed to make a big deal about the 0.5%.

    Same old pattern, Graham starts ill-concieved thread, someone blows the argument out of the water, Graham completely ignores the debate and decides to bicker hoping no one will notice.

    Why start a thread if you won't like the answer? Utter waste of oxygen.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Joeskeppi wrote: »
    Same old pattern, Graham starts ill-concieved thread, someone blows the argument out of the water, Graham completely ignores the debate and decides to bicker hoping no one will notice.

    Why start a thread if you won't like the answer? Utter waste of oxygen.

    What's wrong with you people!?
  • Joeskeppi wrote: »
    Same old pattern, Graham starts ill-concieved
    thread, someone blows the argument out of the water, Graham completely ignores
    the debate and decides to bicker hoping no one will notice.





    Why start a thread if you won't like the answer? Utter waste of
    oxygen.



    He didn't start the thread, do keep up Peskijoe.. Why bother posting at all if you can't grasp the basics.......;)

    Strange how its the same old faces Trolling and fishing for a rise....
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    Replace the word thread with debate if you want, monkey's post is still unanswered in favour of bickering. Foolishly my mistake there has given another avenue to pursue and divert attention.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • chucky
    chucky Posts: 15,170 Forumite
    10,000 Posts Combo Breaker
    wotsthat wrote: »
    http://www.rightmove.co.uk/commercial-property-for-sale/property-39691250.html

    Here's a plot in Devon. I think I'm reading this correctly but a plot of land for £525,000 with permission for 13 houses. Leveller can knock them up for £90k so that works out as £130k per house.

    Knock them out for £210k and you've made £1m gross profit. £180k would be a good price for the area and shift them quicker but that's still £650k. Not all planning has been resolved so I bet there's scope to negotiate a reduction.

    If you don't fancy it but someone else does what's the problem? Would it matter where they came from? It's not as if we don't need the houses.
    This well put post also goes unanswered,

    This usually happens when the "bickerer" and in this case the "bickerers" have no leg to stand on. They then decide to muddle the thread/discussion instead of being honest and saying they were wrong.
  • wotsthat
    wotsthat Posts: 11,325 Forumite
    He didn't start the thread, do keep up Peskijoe.. Why bother posting at all if you can't grasp the basics.......;)

    Strange how its the same old faces Trolling and fishing for a rise....

    Out of interest what do you think about that site in Devon? I can't believe it's possible for me as an individual to undercut the big builders (by some margin) whilst still making more profit per house.

    I think the estimated sale price is more than fair. Either you've underestimated your building costs or the total costs (and tax) associated with funding, building and marketing a site. There would surely be a queue to buy this site otherwise.
  • System
    System Posts: 178,377 Community Admin
    10,000 Posts Photogenic Name Dropper
    wotsthat wrote: »
    Out of interest what do you think about that site in Devon? I can't believe it's possible for me as an individual to undercut the big builders (by some margin) whilst still making more profit per house.

    I think the estimated sale price is more than fair. Either you've underestimated your building costs or the total costs (and tax) associated with funding, building and marketing a site. There would surely be a queue to buy this site otherwise.

    I guess you'd need the resources to be able to chuck up multiple houses at once and get it finished. My friend is a builder but I can't imagine him building 13 houses very quickly.

    Plus you'd need to build a road, put gas and water through, electric, phone, etc etc.

    Dunno, I'm no expert. I doubt it's as easy as building one house.
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
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