Author Topic: Sad: Rightmove shows increasing number of B&Bs, Bunkhouses etc up for sale  (Read 3712 times)

Offline Paul Marvin

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Inheritance tax is the third rail in the UK, it evokes primal fear that it would apply to the majority.

People think it's just "the rich" that get stung by it but these days with house prices, you can easily find an estate going over the threshold if you're not mindful of it. Since we've mentioned Ranmoor and property, my Gran owns a very nice 5-bed semi there close to the parks that's been home since well before I was born, and a few years ago she looked at its value and considered what would happen to her children if she died suddenly. She went for equity release (in the form of an interest-only mortgage) to reduce the value of the property and hence the net value of the estate, and I guess that will be continued if the term is up while she's still with us.

Are you and your gran happy with that form of equity release ?
I dont know where I am going, but will know where I am when I get there.


Offline Paul Marvin

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Welsh policy decisions must complicate maters even further

https://www.dailymail.co.uk/news/article-9587281/Plans-six-family-homes-North-Wales-blocked-fears-harmful-Welsh.html

I,m sure there are wealthy welsh speaking people as well as other UK nationals ?
I dont know where I am going, but will know where I am when I get there.

Offline Carbide1

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Agree that there must be many wealthy Welsh speakers but I suspect there are many times more wealthy non Welsh speakers doing their best to retire to Wales. It seems counter intuitive to use planning legislation to override 'market forces' in a country running a serious financial deficit.

Offline Speleofish

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I have quite a lot of sympathy with the Welsh planners. The reality is that most of the likely buyers will be relatively wealthy migrants or properly wealthy second-homers from Cheshire, Liverpool and Manchester (rather like the influx into Abersoch). I accept there may be a financial argument that supports building and selling second homes for high prices. I'm not convinced the local community (or the country at large) will see much benefit.

The village where I used to live in Cornwall is half empty outside school holidays because people from up-country have bought many of the prettier cottages. I went back last week and it was rather depressing. Even though most of the holiday rentals were full, much of the community spirit has gone. There are affordable homes where many of the locals live: generally they're small, ugly and poorly built. There were some fairly nice new houses: guess who's bought them?

Offline PeteHall

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In a capitalist country, work hard, earn money, spend it on what you like? Isn't that how it's supposed to work?  :shrug:

I'm pretty sure local authorities do have various levers they can pull to reduce the number of 2nd homes/ holiday lets in a region, but preventing quality development because an 'outsider' is more likely to buy it really is scraping the nimby barrel. In fact, it is blatant and open racism. It is also says a lot of their view of Welsh speakers that they think they can't afford a nice house.

If the schools are Welsh language, or at least teach Welsh language, the kids of the 'wealthy incomers' will learn Welsh and likely the parents will pick it up too. I have a Polish mate in South Wales, who speaks better Welsh than most Welsh people, having learnt since moving there. Should he have been blocked from moving by local planning policy???

Offline Paul Marvin

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In a capitalist country, work hard, earn money, spend it on what you like? Isn't that how it's supposed to work?  :shrug:

I'm pretty sure local authorities do have various levers they can pull to reduce the number of 2nd homes/ holiday lets in a region, but preventing quality development because an 'outsider' is more likely to buy it really is scraping the nimby barrel. In fact, it is blatant and open racism. It is also says a lot of their view of Welsh speakers that they think they can't afford a nice house.

If the schools are Welsh language, or at least teach Welsh language, the kids of the 'wealthy incomers' will learn Welsh and likely the parents will pick it up too. I have a Polish mate in South Wales, who speaks better Welsh than most Welsh people, having learnt since moving there. Should he have been blocked from moving by local planning policy???

I thought just that Pete about what they think of Welsh speakers , my view on life now is if your healthy then your wealthy !  :thumbsup:
I dont know where I am going, but will know where I am when I get there.

Offline Speleofish

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It's difficult. I understand the argument that limiting development that may be exploited by wealthy incomers is nimbyist (therefore bad). On the other hand, allowing an existing (fragile) community to be diluted by large numbers of people from outside may be deleterious.
What would you say about a proposed holiday development in the upper Amazon among the Yanomami? I accept that the is an extreme example, but it illustrates the point.

Offline mikem

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Some Native American tribes have done quite well from casino developments...

Offline Carbide1

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It's difficult. I understand the argument that limiting development that may be exploited by wealthy incomers is nimbyist (therefore bad). On the other hand, allowing an existing (fragile) community to be diluted by large numbers of people from outside may be deleterious.
What would you say about a proposed holiday development in the upper Amazon among the Yanomami? I accept that the is an extreme example, but it illustrates the point.

A complicated question if you look what happened during the 'Welsh Klondike'

I suspect any contact with the outside world will ultimately destroy the Yanomami.

Offline mikem

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Yanomami have already had to deal with gold prospecting for at least 30-40 years.

 

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