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[Job]

Well it's not for nothing, he provides a service to 150 people/families.
If house prices don"t go up he'll have fuk all after paying back the bank.

 

[Raven]

Ah, so he is doing it to help people.

I see.

 

[Moriath]

My mates got 6 million worth of mortgage...interest only as well...so he'll be taxed on every penny he get's off tenants' which is around 70 grand a month...leaves him around 37 grand a month to pay the mortgage, his 6 staff, upkeep, insurance, endless payments for certificates etc.
Losing the tax relief on the interest is a huge hit and is going to leave him struggling, he actually allready pays himself only 40g a year for that kind of outlay.
It's a long game, but he can go tits up amytime.

Interest only mortgages he deserves it

 

[Moriath]

Well it's not for nothing, he provides a service to 150 people/families.
If house prices don"t go up he'll have fuk all after paying back the bank.

Ose 150 ppl might have been able to afford their own house if the buy to letters watching homes under the hammer hadnt pushed the market so high.

My house was 80k in 1999. Its now 320 ish. Totally stupid.

 

[Lamp]

I love this colour dark red hair. Very attractive

 

[Scouse]

Ah, so he is doing it to help people.

I see.

Whilst I have similar sympathy to you regarding interest-only buy to let landlords this isn't going to hit the incredibly wealthy. I do wonder why you hate people who are trying to become wealthy when any suggestion of action to be taken against the already-rich gets greeted with derision and accusations of communism from you.

You're simply not consistent in your views.

 

[Raven]

I have a problem with anyone profiting from other people's misery...

 

[Scouse]

I have a problem with anyone profiting from other people's misery...

The nature of business under the current ruleset is the creation of massive inequality of wealth which of itself is the biggest driver of misery.

Nice to see you're becoming anti-capitalist.

 

[Raven]

I am not a capitalist, comrade.

I believe everyone should work (if capable) for their stuff though. Slackers should be left behind.

 

[Job]

Just watched that new Pixar movie about the little people in your head...I'm just going to say my opinion, but I'll spoiler it for Scouse.

Spoiler

Starts off really well, then I got a bit bored in the middle, seems to lose it's way, but at the end it all comes together and I proper had my eyes swelling up, superb movie, clever, no cliche references...just relys on the situation for the jokes...another Pixar classic

I loved it.

 

[DaGaffer]

I have a problem with anyone profiting from other people's misery...

How is buy to let profiteering from other people's misery? We all know pensions are worth shit for most people, the stock market is volatile and an insider club, so property is one of the few ways the "average" person with a few quid can invest enough to get a return. People buy to let because the alternatives are worse. Don't blame the player, blame the game. Now, the problem with Osborne's latest little stunt is that he's created an entirely new tax burden that people haven't accounted for. This isn't loophole closing; no-one was doing anything that skirted the rules, he's just come in grabbed some free cash for the exchequer. Its not unreasonable to argue that a tax regime gets rid of mortgage interest as a deductible, but it is unreasonable to do it people (including lenders) who've built their financial plan on the basis that it is deductible. When I had my flat in London (mortgage free), I was advised to remortgage it because it would have been the best way to invest in the flat; the money I freed up could be invested in another flat. I didn't do it because I always knew I was going to sell up and I'm basically lazy, but that's the advice given to hundreds of thousands of people.

Also, let'd put to bed this shite about price inflation; buy to let isn't what's driving house inflation, lack of house building in the right areas is. If you're being outbid, its not just buy to let landlords, its everybody. I just went through the same thing over here where house prices in my range went up 35% in less than 8 months; because there weren't enough houses.

 

[dysfunction]

The house price hike is also due to overseas buyers snapping up houses for cash.

 

[DaGaffer]

The house price hike is also due to overseas buyers snapping up houses for cash.

Only at the top end. In London and the South-East its the issue that's been an ongoing problem for 20 years, not enough houses being built in the right places.

 

[Gwadien]

Whilst I have similar sympathy to you regarding interest-only buy to let landlords this isn't going to hit the incredibly wealthy. I do wonder why you hate people who are trying to become wealthy when any suggestion of action to be taken against the already-rich gets greeted with derision and accusations of communism from you.

You're simply not consistent in your views.

Raven has a problem with people living out of their means and then complaining about it.

If you're a multi billionaire but you're still treating people like shit. It's fine =D

 

[Job]

My mate isn't putting up house prices and actually most of the property he buys was serious run down shit that he has the capital to do up, and he often saves roads from descending into slums, the last 3 story Victorian house he renovated (90 grand he paid) turned the road around, the neighbours were delighted, he even did up the adjoining property, windows and paint for free, so it would not pull his down.
There are so many amazing houses in Liverpool that are left to rot, they would be multimillion pound properties down south and he has saved at least 30 from basically turning into squats.

This is the house he did up and put windows and new door in for the neighbour, the one on the left, it was totally clapped out, he got it for 90g and spent 50 doing it up, the neighbour told me it had made her house saleable again.
And yes he got the whole thing, four flats at top spec for 140k.

 

[Trem]

I love this colour dark red hair. Very attractive

 

[fettoken]

F*cking stocks today. Dropped like a stone. You guys think the situation will stabilize or time to panic sell everything?

I mean, with the Ukraine situation, Chinese market, South/North Korea, Russia etc and now the election in Usa.

 

[Job]

Just a blip...the Chinese seem unconcerned

 

[Raven]

Good time to buy, not sell.

 

[old.user4556]

Its not his outlay though, is it? Its the banks.

He is making money for nothing while pushing up house prices.

0 sympathy.

How is buy to let profiteering from other people's misery? We all know pensions are worth shit for most people, the stock market is volatile and an insider club, so property is one of the few ways the "average" person with a few quid can invest enough to get a return. People buy to let because the alternatives are worse. Don't blame the player, blame the game.

I see this from two angles.

I don't have a problem with those that have the cash to invest in properties - fair play to them. As Gaff says pensions are worth jack, so buying a property for a buy-to-let is a good way to make a solid return. My sister invested £100k cash into a property in Scotland and got it let out for several years no problem, making a very tidy return that even the highest returning ISA / pension pot couldn't come near. In addition, several contractors came and went (6 month leases per time) so the local economy was supported, it provided housing to contractors who needed housing short term, and she ended up selling it to a nice Polish man who worked in Edinburgh. What I do have a problem with (sympathising with Raven) are those that moan if their massive stack of cash, or their investments, don't turn out the way they expected. In the case of my sister, she bought at the height of the boom and ended up losing money on the overall sale of that property given the glut of new build flats in the area. I didn't have sympathy for her because she made around 50% on her £100k investment.

Thems the breaks, so dry your eyes. If you're gambling big, you can lose big. Nice problem to have.

 

[Job]

Good time to buy, not sell.

But on the other hand...wtf is this eddiot thinking...and does he know something we should.

http://www.express.co.uk/finance/ci...r-tinned-goods-over-China-black-monday-crisis

 

[Gwadien]

But on the other hand...wtf is this eddiot thinking...and does he know something we should.

http://www.express.co.uk/finance/ci...r-tinned-goods-over-China-black-monday-crisis

Haha, that's funny.

I was saying to someone the other day how has Gordon Brown suddenly become the greatest speaker of our generation when he was an absolute shite PM?

His response was 'Shit aides/advisors'

'Maybe'

This.

LOL

 

[old.user4556]

View: https://youtu.be/talcxVuHfNY

 

[Job]

I give Amazon 10/10 for blue sky thinking, but sometimes I can't grasp how some things get past R&D, the drone shipping?
Or a dedicated button for around the house that orders some big branded goods?

http://www.engadget.com/2015/08/23/...sign-for-amazon-bad-design-for-everyone-else/

 

[old.user4556]

I like the idea in principal, it's like an automated 'Tesco shop'. It goes one step further where you push a button when you're out of bum wipes and - POOF - you get a load of bog roll in your next order.

 

[Gwadien]

I like the idea in principal, it's like an automated 'Tesco shop'. It goes one step further where you push a button when you're out of bum wipes and - POOF - you get a load of bog roll in your next order.

Yeah, same, I quite like the idea too, but you'll have them fucking -everywhere- and you'll still forget stuff.

 

[Job]

It's kinda intoxicating, like the brand logos on this page, makes you realise the power of the brand, probably millions of middleclass brandzombies will have them all over the house advertising what they buy.
Presumably you buy the buttons with dedicated logo, or maybe you can get some stick on alternatives, people are hacking them allready for other stuff, makes me think about automation, where does it stop, surely you can write a script to log and and fill in your taxes, or buy your car tax once a year.
I mean direct debits auto pay your bills, why can't , and I'm sure they will, have scripts to search for cheaper insurance/utilities automatically and sign up for you, even order people birthday presents depending on trends.
No doubt Google are all over this.

http://www.amazon.com/b/?node=10667898011&lo=digital-text

 

[DaGaffer]

I give Amazon 10/10 for blue sky thinking, but sometimes I can't grasp how some things get past R&D, the drone shipping?
Or a dedicated button for around the house that orders some big branded goods?

http://www.engadget.com/2015/08/23/...sign-for-amazon-bad-design-for-everyone-else/

Internet of Things, and its been bandied about for at least 15 years. Definitely not Amazon's idea, although I'm sure they're busy patenting it.

 

[DaGaffer]

I see this from two angles.

I don't have a problem with those that have the cash to invest in properties - fair play to them. As Gaff says pensions are worth jack, so buying a property for a buy-to-let is a good way to make a solid return. My sister invested £100k cash into a property in Scotland and got it let out for several years no problem, making a very tidy return that even the highest returning ISA / pension pot couldn't come near. In addition, several contractors came and went (6 month leases per time) so the local economy was supported, it provided housing to contractors who needed housing short term, and she ended up selling it to a nice Polish man who worked in Edinburgh. What I do have a problem with (sympathising with Raven) are those that moan if their massive stack of cash, or their investments, don't turn out the way they expected. In the case of my sister, she bought at the height of the boom and ended up losing money on the overall sale of that property given the glut of new build flats in the area. I didn't have sympathy for her because she made around 50% on her £100k investment.

Thems the breaks, so dry your eyes. If you're gambling big, you can lose big. Nice problem to have.

I don't have a problem with any of that; but that's not what this is; its a no-consultation tax raid, which was impossible to plan for.

 

[Job]

Landlords with cash are a very important part of renovating run down properties into housing, who else is going to do it?
The council won't get involved in buying up decrepid buildings, there are too many legal barriers for them, the only upside is my mate's going to move into do up and sell, but that will push up prices, cos he's going to want an instant profit.