Author Topic: Sad: Rightmove shows increasing number of B&Bs, Bunkhouses etc up for sale  (Read 3686 times)

Online ttxela2

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Up until the 1960s most people expected to live with their parents until they could afford their own place (or qualify for council housing).

Prior to buying my first house (for which I got the deposit by working days with a surveying crew on the construction of the Spalding bypass and nights in various tunnels under London) I put my name down on the list for council housing with my then girlfriend I was 19 at the time. She had a younger sister who also wanted to set up home with her boyfriend and declared her intention to get pregnant in order to jump the queue for council accomodation. This she did and was duly awarded a flat in Haverhill (a dubious prize by any measure) within a few months.

Many years later when I was in my mid 30's and with that girlfriend long gone, my parents had a message left on their answerphone from the council for said girlfriend and myself (we lived with them at the time of applying) we had come to the top of the list and qualified, not for a house or flat to rent but for a shared ownership scheme on a new development.

I didn't take them up on it.......

Offline Fjell

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It’s actually now a million for a couple where the family home is being left to children. 2 x £500k. Along with triple-lock pensions, it forms the heart of the Tory pensioner package.

So yes, best to downsize to grannyflat by about 75. If anyone wants one in Kirkby Lonsdale, let me know. The market is dead, possibly along with some prospective buyers. I’m hoping for more cheer when they have all had their second jabs.

Other top tips:

1. If you die under 75, pension pots are inherited tax free. Over 75 inheritor pays income tax, but you don’t have to take it all at once, you can treat it as a pension (taking a single lump sum will get hammered for income tax). This latter point is not obvious to many. You could keep it until you retire yourself, pension funds that last for ever through families. You too could be the Duke of Westminster.
2. EIS investments and trees pay no tax. Ditto, Duke of Westminster. And Dyson, who seems to own half the farmland in England these days.
3. A QNUPS pension abroad pays no tax on death in the UK. You can have one when resident in the UK. This is well into the world of hard core legal tax avoidance, and useful for people who exceed the lifetime pot limits (doctors etc). Pros only.



Online ttxela2

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I've told both my daughters when I die they can equally share responsibility for my remaining debt's. It's not all bad though, one can have my camping stove and the other will get my moped  :thumbsup:

Offline Paul Marvin

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When we started out our expectations were the same as everybody's a two up two down mid terrace and if you were very lucky an end terrace , this coupled with high interest rates kept your feet firmly on the ground . However the expectations from a first time buyer these days is much different and coupled with ridiculously low interest rates has caused the problem nowadays . Money is just to cheap to borrow ! hence the house inflation prices .
I dont know where I am going, but will know where I am when I get there.

Online sinker

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When we started out our expectations were the same as everybody's a two up two down mid terrace and if you were very lucky an end terrace , this coupled with high interest rates kept your feet firmly on the ground . However the expectations from a first time buyer these days is much different and coupled with ridiculously low interest rates has caused the problem nowadays . Money is just to cheap to borrow ! hence the house inflation prices .

We had a small house to sell in Bethesda last year; it had been rented out for a few years and empty for two so it was tarted up and put on the market for £70k. That's right, a two-up / two-down terrace for £70k. Bargain of the century right?

What a hassle! A load of spoilt kids in their early twenties coming to look at it with mum and dad in tow.
All driving Audi's and Range Rovers.
It soon becomes obvious that mum and dad are stumping up most of the cash.
The kids are turning their noses up at it; too small, too narrow, we've got two cars and there's only room for one, don't like the kitchen, don't like the bathroom, there's no "outdoor living space" (garden) no "entertaining space" (WTF...??), no en-suite master bedroom, no "guest" bedroom. One even complained that it had no outdoor tap!!
FFS it's a Victorian quarryman's terrace house. It didn't have electricity until 1950 and it didn't have an indoor bog until 1976!!

"I don't like it dad, there's NO WAY that I could live here!"

Spoilt ba$tard$ don't know they're born!!

12 months of these to$$ers turning their noses up at it and it eventually went for £67k. Gave it away.

Ah, well, now, you see...erm...

Offline Fulk

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Did it go to a tosser (for aweek-end 'retreat') or to someone who's actually going to make a life there?

Online Down and beyond

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That is a bargain ! Couldn’t buy a front lawn here for that ! A private job I am working on their entrance is between 2 neighbours lawns the land layout is stupid everyone owns random Patches not even really near their house , anyway the lady I working for wants to buy one it’s probaly 6-4m square they turned 47k down !!

Online pwhole

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My parents live on the outskirts of Rotherham in what is rapidly becoming the most desirable area in town - it's on the edge of open fields, and planning permission is being given to build new housing. Unfortunately it's all being given to tuppenny millionaires building toytown mansions. I suspect the land may be part of one of the large estates that have traditionally owned most of this area (possibly the Sitwells). A friend of my parents owned a field down the road, presumably a last inherited remnant from a farm that was once in her family, and she recently sold it to a building developer for £6 million, to build (I think) 36 houses on, but they won't be 'affordable'.

My parents' house is a bungalow with a big and lovely garden (all done by them, it was clay, rubble and weeds when they bought it) and it's put on £100K in the last ten years, based on what the neighbours have sold theirs for, and without lovely gardens.

Online sinker

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Did it go to a tosser (for aweek-end 'retreat') or to someone who's actually going to make a life there?

Newly qualified teacher who had just landed her first job in the local primary.
She'll be off again in a couple of years I suppose, climbing the ladder on her way to being a head teacher (or 'school manager' as they will probably soon be called....) by the age of 30. That's the dynamic career path in teaching these days; but I think it went to the best person in the end  :)

I think Covid 19 must have got to me over the last year or so....I never used to be so cynical or miserable.... :lol:

Ah, well, now, you see...erm...

Online pwhole

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I've always been cynical but never miserable. Nothing to do with Covid, though that has made me slightly more miserable, but that's only as it's ruined my life and career for a year so far - and I've realised the world's population is far more retarded than I'd hoped it was at this stage of the game. Oh well. Staying cheerful is very important, no matter what happens. I emptied my parents' garage into a skip the other day, but they said they'll save the loft clearance for us to sort out 'When they're both gone'. Ulp. When I asked what was up there my mum said 'It's all in cardboard boxes'. Ulp..

Offline Cantclimbtom

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That is a bargain ! Couldn’t buy a front lawn here for that ! A private job I am working on their entrance is between 2 neighbours lawns the land layout is stupid everyone owns random Patches not even really near their house , anyway the lady I working for wants to buy one it’s probaly 6-4m square they turned 47k down !!
maybe you could get a business mortgage and buy a bunkhouse in Betws? Job and home all in one, small lottery win for the deposit would help matters greatly
Expert in incompetent tomfoolery

Offline Paul Marvin

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When we started out our expectations were the same as everybody's a two up two down mid terrace and if you were very lucky an end terrace , this coupled with high interest rates kept your feet firmly on the ground . However the expectations from a first time buyer these days is much different and coupled with ridiculously low interest rates has caused the problem nowadays . Money is just to cheap to borrow ! hence the house inflation prices .

We had a small house to sell in Bethesda last year; it had been rented out for a few years and empty for two so it was tarted up and put on the market for £70k. That's right, a two-up / two-down terrace for £70k. Bargain of the century right?

What a hassle! A load of spoilt kids in their early twenties coming to look at it with mum and dad in tow.
All driving Audi's and Range Rovers.
It soon becomes obvious that mum and dad are stumping up most of the cash.
The kids are turning their noses up at it; too small, too narrow, we've got two cars and there's only room for one, don't like the kitchen, don't like the bathroom, there's no "outdoor living space" (garden) no "entertaining space" (WTF...??), no en-suite master bedroom, no "guest" bedroom. One even complained that it had no outdoor tap!!
FFS it's a Victorian quarryman's terrace house. It didn't have electricity until 1950 and it didn't have an indoor bog until 1976!!

"I don't like it dad, there's NO WAY that I could live here!"

Spoilt ba$tard$ don't know they're born!!

12 months of these to$$ers turning their noses up at it and it eventually went for £67k. Gave it away.
I have a friend like that cant afford a house BUT has a Audi Q 3 on tick of course chopped in a 17 plate for a brand new one because ..... " there was a squeak somewhere inside  " has all the gizmos and gadgets very best of cave and dive equipment cant use the Audi to go caving in case it gets dirty and goes and hires a car for the weekend they hemorrhage money . Best of all the Q3 does 4.2 miles per day for his mrs to go to work and back , she has a better car than the pharmacist. Never heard of a thermos flask that I recommended to him when he told me the ridiculous amount he spends on coffee per week , over £100 just on bloomin coffee !!!  :wall:
I dont know where I am going, but will know where I am when I get there.

Offline AR

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At least Sinker's place went to someone who's going to put back into the local community, rather than use it as a second home because booking a holiday cottage/B&B/hotel for a weekend is so difficult and you're entitled to your little luxuries. I recall years ago being darkly amused by a Grauniad piece where Polly Toynbee was tying herself in knots trying to make out it wasn't really wrong that her and all her rich friends had their little place in the Cotswolds and it wasn't hurting anyone and they were really giving back something to the villages. Yes, I'm sure all the people displaced to grotty estates round Gloucester  because they haven't the slightest chance of finding a house somewhere near the villages they grew up in are consoled by that.

Alternatively, it could have been bought by townies who move to the countryside and then spend all their time whinging because the reality of rural life doesn't fit in with their idealised vision.

I've made a point of not looking up how much my parents' house is worth even though as a 4-bed semi in a national park it could well fetch a packet right now, because I don't regard it as "my" asset but their home, and having seen the money from my wife's grandmother's house go on care home fees after she developed dementia, I'm aware that inheritance isn't guaranteed...
Dirty old mines need love too....

Offline droid

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I come from Hathersage.

At a school reunion, the only people that still lived in the Hope Valley and surrounds were those that inherited houses/were gifted them by parents/relatives.

That was no more than 10% of those present.

2up2down on Ranmoor Lane thick end of £350k.... >:(
No longer 'Exceptionally antagonistic' 'Deliberately inflammatory'

Offline Fulk

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I agree that house-price inflation is a disaster, and  equally so is the business of rich townees moving into the countryside to buy up property there. However . . . it takes two to make a sale – a buyer and a seller. Could it be that some part of the reason for the ludicrous prices that houses in ‘desirable areas’ can fetch is greed on the part of (local) sellers?

Offline Paul Marvin

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I think Covid 19 must have got to me over the last year or so....I never used to be so cynical or miserable.... :lol:
[/quote]

 :down: :down: :lol:
I dont know where I am going, but will know where I am when I get there.

Online pwhole

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Could it be that some part of the reason for the ludicrous prices that houses in ‘desirable areas’ can fetch is greed on the part of (local) sellers?

Well when you've got adverts like these on TV it's hardly surprising - these three are running concurrently right now. They are funny, but pretty grim at the same time as it's true. And, Diane Morgan, if you're reading this by any chance, you're a bloody sell-out as well! Got to pay her North London mortgage now I guess :halo:






Offline Speleofish

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It's hard to accuse a seller of being greedy if they accept the going rate for a house - very few people are saintly enough to turn down the highest offer (unless they suspect the sale may fall through). In addition, most people who sell a house need to buy another one in the same inflated market. If they aren't using all the proceeds to trade up, it's usually because they're freeing up cash to support their pensions or helping their kids buy something.


Offline Fulk

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I'm sure that you're right, for the most part, Speleofish, but it does occasionally happen; my first wife was able to buy a house in Dent largely becasue the sellers – a Quaker couple – sold up for less than the 'going rate' simply becasue it was the right thing to do. But I guess people like that are rare. (And yeah, pwhole, those adverts suck.)

Offline PaulW

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To keep it vaguely on track there were at least 2 bunkhouse in the Betws y Coed area on the market at the same time in 2018

Offline cavemanmike

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I used to work with a chap that always complained about "the fuckin English" buying up all the properties in my village. (waunfawr North Wales) and then sold his house to a fookin English man and hear endith the lesson.
True story

Online Down and beyond

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That is a bargain ! Couldn’t buy a front lawn here for that ! A private job I am working on their entrance is between 2 neighbours lawns the land layout is stupid everyone owns random Patches not even really near their house , anyway the lady I working for wants to buy one it’s probaly 6-4m square they turned 47k down !!
maybe you could get a business mortgage and buy a bunkhouse in Betws? Job and home all in one, small lottery win for the deposit would help matters greatly

I would defo need the lottery win I ent got a pot to p**s in mate but I am still as happy as ever  :lol:

Offline Paul Marvin

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I used to work with a chap that always complained about "the fuckin English" buying up all the properties in my village. (waunfawr North Wales) and then sold his house to a fookin English man and hear endith the lesson.
True story


If I remember right there is a nice chip shop there that cooks to order ?
I dont know where I am going, but will know where I am when I get there.

Online pwhole

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Hahah - is that the deal-clincher for buying a Welsh property then?  ;)

Offline Paul Marvin

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Hahah - is that the deal-clincher for buying a Welsh property then?  ;)

No but the one in Corwen is also very nice after a trip in Cambrian, we have fav,s all over the UK not just Wales . You remember them because there are so many shit ones . The top one is Steels in Cleethorpes ... Now we are talking  !!   :thumbsup:
I dont know where I am going, but will know where I am when I get there.

 

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