The Quant's House Price Diary

Roundabouts

thequant wrote: »

There's a lot of renters on this forum who are missing out on the joy & excitement of the current house price rises. So as a public service I'm going to keep a diary of my own HPI, so they can share in my success.


I've been tracking my own property price and believe it to be worth £415k , the estimate was verified when the house next door sold a few weeks ago for the same price.


So as a base figure March will be £415K


Hope you renters enjoy the ride with me.


Choo-choo all aboard

thequant wrote: »

Having sex with someone whose on benefit I have a lodger who is on benefit and occasionally we have had sex, however over time we have gradually fallen for each other and now want to declare our relationship. As a higher rate tax payer I know that he will not be entitled to benefit anymore.

What we want to know,is that when we declare our relationship will we be accused of being in a relationship previously (we have been living together for a year) and hence have been committing benefit ? How do we prove we wern't previously in a relationship ?

thequant wrote: »

Since this thread was a source of amusement for so many at the time I thought I would update it. We declared our relationship to the benefits people and they just ignored us. After about 3 months of sending letter/emails they finally contacted to collect details. i.e. how long we been living together, how long we'd been in a relationship etc.

By this point we were very spooked as they had not stopped our benefits for 3 months and we were definetly in a relationship for that time. Then recieved a letter for something else, which said if we didn't return it in 14 days our benefit would be stopped. Fearing prying into the previous nature of our relationship and just wanting the benefit payments to stop, we failed to return the form and the benefit payments were duly stopped.

Without the stress and our new found happiness, we are now like a pair of bunny rabbits.

thequant wrote: »

yeah we got married, my accountant said it would be more tax efficient now I put my earnings through my company.

Oh dear, someone's been telling porkies! houses, massive HPI, lovers, running one's own company all while on benefits, yes indeedy!

thequant

Roundabouts wrote: »

Oh dear, someone's been telling porkies! houses, massive HPI, lovers, running one's own company all while on benefits, yes indeedy!

Any chance you could put up some dates with those quotes ?


If you have been following my posts you will see I have only just bought a place.


If you are really that interested in my personal life, let me pull the strings together for you.


I met someone on benefits, we decided to maximise our income from benefits.


In the meantime after building up some moolah, we have started a company and bought a property.


Since benefits is no longer an option for us to maximise our household income, we are now joint shareholders in our company to make full use of our personal allowances.


This is a money saving site, can't believe I am being disbelieved or discredited for making the most of my personal circumstances.

BillJones

thequant wrote: »

can't believe I am being disbelieved or discredited for making the most of my personal circumstances.

I'm more curious as to why a quant (expected earnings £250k - £750k p.a.) has bought a £450k house, especially if you believe that the market is going to go up.

You presumably work in central London, so why not leverage up properly, and spend a couple of million on something spectacular which is close to the office?

chucky

Percy1983 wrote: »

Yep you got me, as a never got chance to on bulls eye I can't wait for HPI to get me a speed boat...

I really do like how me consistantly repeating I don't want house prices to rise makes me a HPI junkie... :rotfl::rotfl::rotfl::rotfl::rotfl::rotfl::rotfl:

That's not what I said.

You don't want house prices to rise because you want to be able to afford your next house, it's perfectly normal.

But... Please don't pretend that you want it for the greater good for society and you care about the children, world peace and famine in Africa etc...

The real reason is because you're just as selfish as the next person.

purch

BillJones wrote: »

I'm more curious as to why a quant

When he was making up user name #1,342 he forgot to include an i.

Generali

purch wrote: »

When he was making up user name #1,342 he forgot to include an i.

Apparently (s)he's a self employed quant.

Must be doing something right. I couldn't afford the exchange margins myself.

BillJones

Generali wrote: »

Apparently (s)he's a self employed quant.

Must be doing something right. I couldn't afford the exchange margins myself.

It's a bit strange, really. I've never known a bank that would empoy a quant as a contractor, and as you say, it's not the sort of job that you can do externally.

Quants also tend to be far too rational that to post a thread based on some made-up daily valuation of an illiquid asset such as a single house. If anything they understand fully the problems inherent in marking to model (which is all our OP can be doing), and would be leading the charge against such an iffy practice if it were done at work.

It's as though I walked into the weekly management meetings, reported £10m profit each time, and then explained that I was basing this upon my mate at the bank across the street's actual P+L figures, multiplied up by the difference in balance sheet usage between the two of us.

smartn

thequant wrote: »

Any chance you could put up some dates with those quotes ?


If you have been following my posts you will see I have only just bought a place.


If you are really that interested in my personal life, let me pull the strings together for you.


I met someone on benefits, we decided to maximise our income from benefits.


In the meantime after building up some moolah, we have started a company and bought a property.


Since benefits is no longer an option for us to maximise our household income, we are now joint shareholders in our company to make full use of our personal allowances.


This is a money saving site, can't believe I am being disbelieved or discredited for making the most of my personal circumstances.

Is it just me or does this sentence in bold really say it all about this persons attitude?

mayonnaise

thequant wrote: »

This is a money saving site, can't believe I am being disbelieved or discredited for making the most of my personal circumstances.

Don't worry.
It's quite common on this board.
Anyone doing well financially and having the audacity to say so on this forum is immediately jumped on by the same bunch of individuals who are not as successful in life as we are.
I got used to it.

Generali

BillJones wrote: »

It's a bit strange, really. I've never known a bank that would empoy a quant as a contractor, and as you say, it's not the sort of job that you can do externally.

Quants also tend to be far too rational that to post a thread based on some made-up daily valuation of an illiquid asset such as a single house. If anything they understand fully the problems inherent in marking to model (which is all our OP can be doing), and would be leading the charge against such an iffy practice if it were done at work.

It's as though I walked into the weekly management meetings, reported £10m profit each time, and then explained that I was basing this upon my mate at the bank across the street's actual P+L figures, multiplied up by the difference in balance sheet usage between the two of us.

There are plenty of self employed quants, after all there are plenty of quant hedge funds.

The bit in bold is the part that is very odd if the poster is what they seem to claim. That they want to end up owning a house worth a million quid and then downsizing seems weird too. Aiming a bit low really.