Land Reg.. fall of 0.8%

Generali

wotsthat wrote: »

According to Generali & Danothy one months incomplete data is just one months incomplete data or just noise.

I think they're suggesting you've ignored your poor predictive history to make a statement based on nothing more than a mix of confirmation bias and a desire to find meaning in randomness.

You probably ought to have a 'chat' with them.

No need. You summed it up very nicely.

purch

I'm still trying to work out what a "smoking Great" is :eek:

fordcapri2000

wotsthat wrote: »

A thread based on the release of a house price index - I didn't think we still did those. How retro.

Retro as if in relative to the timescale and volume people post on this board, sadly not many of us have posted enough to have any clue what you are talking about.

Loughton_Monkey

wotsthat wrote: »

According to Generali & Danothy one months incomplete data is just one months incomplete data or just noise.....

It's a bit like "Yes Prime Minister" isn't it?

When the data is incomplete it's just nonsense.

Most of us round here insist that the data is complete. That way, our discussions about true house prices becomes "complete nonsense".

michaels

chucknorris wrote: »

EDIT: I don't often try and 'time the market' but with Greece and the election in the background, I think that there is every chance of some volatility. My portfolio was very light in cash anyway, so it isn't necessarily a bad thing for me to move part of it into cash.

Ooops - I sold my BTL last autumn on the back of the upcoming election and property is hardly a liquid market with low transaction costs :rotfl:

chucknorris

michaels wrote: »

Ooops - I sold my BTL last autumn on the back of the upcoming election and property is hardly a liquid market with low transaction costs :rotfl:

Surely there was more reasons than just the forthcoming election? It is a major decision to sell up, do you have any regrets? Was it something to do with Labour's proposals for rent control? Personally I don't think that they look that bad, unless it is the thin end of the wedge of course.

Selling is something that we will probably do in the next decade, I don't think that it will be an easy decision for us, we may end up only partially selling, the way I see it is:

Advantages of us selling:
I wouldn't miss the hassle and management (I don't like using agents), especially at a tenancy change.
It would free up our time to spend winters in Spain and/or the Algarve.
I'm beginning to think that there isn't any more capital gain (above inflation) to be made in London.
We need to get to the equity to spend it (we don't have children to leave it to).

Advantages of retaining:
Seems to be the best return for income.
I won't feel entirely happy putting so much of the equity released into equities, particularly if the market looks on the high side.

Actually now that I have written that down, I can see that the argument for hanging on isn't particularly strong. So it should just be about picking the right moment, before the next downturn and attempting to mitigate capital gains tax. But what to do with the equity is the question that needs careful thought.

Generali

purch wrote: »

I'm still trying to work out what a "smoking Great" is :eek:

George Burns.

chucknorris

Generali wrote: »

George Burns.

I used to smoke the odd cigar (after more than a few drinks), now I wonder why the hell I ever did that.

michaels

chucknorris wrote: »

Surely there was more reasons than just the forthcoming election? It is a major decision to sell up, do you have any regrets? Was it something to do with Labour's proposals for rent control? Personally I don't think that they look that bad, unless it is the thin end of the wedge of course.

Selling is something that we will probably do in the next decade, I don't think that it will be an easy decision for us, we may end up only partially selling, the way I see it is:

Advantages of us selling:
I wouldn't miss the hassle and management (I don't like using agents), especially at a tenancy change.
It would free up our time to spend winters in Spain and/or the Algarve.
I'm beginning to think that there isn't any more capital gain (above inflation) to be made in London.
We need to get to the equity to spend it (we don't have children to leave it to).

Advantages of retaining:
Seems to be the best return for income.
I won't feel entirely happy putting so much of the equity released into equities, particularly if the market looks on the high side.

Actually now that I have written that down, I can see that the argument for hanging on isn't particularly strong. So it should just be about picking the right moment, before the next downturn and attempting to mitigate capital gains tax. But what to do with the equity is the question that needs careful thought.

Ours was special circumstances tbh, it wasn't bought for yield entirely as this is very poor on the size of property locally but with the intention of getting planning and making a capital gain. It became clear this was going to be a long and costly battle so we decided to see if we could lock in the market rise instead and find better opportunities elsewhere. Given the paucity of other options though part of me thinks I should just have remortgaged to a lower rate but there is always risk with a low variable rate, when we decided to sell rates were looking like increasing much earlier than they are now.

chucknorris

michaels wrote: »

Ours was special circumstances tbh, it wasn't bought for yield entirely as this is very poor on the size of property locally but with the intention of getting planning and making a capital gain. It became clear this was going to be a long and costly battle so we decided to see if we could lock in the market rise instead and find better opportunities elsewhere. Given the paucity of other options though part of me thinks I should just have remortgaged to a lower rate but there is always risk with a low variable rate, when we decided to sell rates were looking like increasing much earlier than they are now.

Well nobody ever went skint taking a profit. Yeah the mortgage rate is very important (even at my low LTV ratios), it is certainly by far the major factor of why my properties are much more profitable than the alternatives. When rates go back up, with the lifestyle advantages of selling, it will be a 'no brainer' for me to sell. We might even sell with the base rate still low, if it goes on at this level for much longer.