Sad: Rightmove shows increasing number of B&Bs, Bunkhouses etc up for sale
- Thread starter Cantclimbtom
- Start date
sinker
New member
2xw said:A recurring theme among those complaining about young people doing this and that is that they neglect to consider who raised them.
I bet your parents griped about you spending all that money on the new fangled cassette player and Austin Allegro
I haven't moaned about my own kids. The young people that I complain about are products of their parents who are also to$$ers on the whole.
Cantclimbtom
Well-known member
"It pays to be rich"
ttxela2
Active member
2xw said:A recurring theme among those complaining about young people doing this and that is that they neglect to consider who raised them.
I bet your parents griped about you spending all that money on the new fangled cassette player and Austin Allegro
Funnily enough my parents mostly complained about me filling their driveway with rusty decades old hulks of vehicles and I'm sure would have preferred I spent a bit more on something more current. :doubt:
Cantclimbtom
Well-known member
To go back to your original gripe, about a house sale and ****rs coming to view. What role does an Estate Agent play in this? Sounds like they were sending over people for viewings who would never want it (because not enough space to park several Range Rover Sports or whatever). Sounds just as much like the agent was playing a game to force you to drop the price? Seen it before where they over-value to get the business, then play games to get the seller to drop the price if it doesn't shift, then it gets sold.sinker said:
sinker
New member
Cantclimbtom said:
Strange one this; the Estate Agent is actually an old friend of over 30 years standing. Yes yes yes I know, no such thing as a friendly honest estate agent;actually he is as honest as the day is long and the ONLY one I would trust.
I had told him to keep the price realistic (?70k??!??!) and the interest local, which to be fair, he did both. Just so happens that a LOT of the local first-time buyers are spoilt to$$ers.
He advertised it as 1 bedroom when it technically does have 2; you just need to walk through one to get to the bathroom. ON-STREET PARKING. No garden. He played it right down.
Slightly off-topic sorry but an interesting angle on a bigger problem.
pwhole
Well-known member
'Location, Location...sigh...Location' is on now, and it's in Sheffield, and is even more cringeworthy than usual now it's somewhere I know - I couldn't watch it past ten minutes in. Those poor saps. A young couple, with a budget of only ?450,000, looking for a fixer-upper in Fulwood. Hahahahah. There's plenty for that money.
Paul Marvin
Member
pwhole said:
Yes I always wonder where the budget comes from as well . Fulwood is a nice area though. I originate from Ridgeway what use to be a tiny little hamlet , it now joins up to Mosborough
pwhole
Well-known member
Well they were both bright and shiny and probably not yet 35, soI assume it was from their parents. But as I mentioned, I couldn't watch it, they were so annoying. Funnily enough I've been all over your area lately, checking out lots of the ancient woodland and the old collieries down the Moss Valley. Also the remains of Norton aerodrome/driving track has just been demolished last week.
Like many things in English society, Jane Austen is always your first port of call for top tips. We are in an age of intense concern about the preservation and distribution of capital, wholly caused by elevated house values that inflate rather than depreciate (they get older, right?).
The penny that is slowly dropping is that if you have kids then you have to pass on the house value or they will fall backwards. That means you can't actually spend it in your old age, it is just held in trust. All those prices increases were pointless. Japan has multi-generational mortgages, and the UK is just started going down that road. Inheritance tax is the third rail in the UK, it evokes primal fear that it would apply to the majority.
I don't actually think it is so bad in the North, where possibly a majority of houses are valued at less than rebuild cost (we bought ours at about 70%) and rents are fairly low (we have rented out a house up here, it's house sitting, not a viable business). And there does seem to be a surprising amount of new build going on all over the place. Probably the worst thing would be solutions for the SE being applied up here (higher interest rates for instance).
The penny that is slowly dropping is that if you have kids then you have to pass on the house value or they will fall backwards. That means you can't actually spend it in your old age, it is just held in trust. All those prices increases were pointless. Japan has multi-generational mortgages, and the UK is just started going down that road. Inheritance tax is the third rail in the UK, it evokes primal fear that it would apply to the majority.
I don't actually think it is so bad in the North, where possibly a majority of houses are valued at less than rebuild cost (we bought ours at about 70%) and rents are fairly low (we have rented out a house up here, it's house sitting, not a viable business). And there does seem to be a surprising amount of new build going on all over the place. Probably the worst thing would be solutions for the SE being applied up here (higher interest rates for instance).
AR
Well-known member
Fjell said:
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.
Paul Marvin
Member
AR said:
Are you and your gran happy with that form of equity release ?
Paul Marvin
Member
Carbide1 said:
I,m sure there are wealthy welsh speaking people as well as other UK nationals ?
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.
Speleofish
Active member
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?
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?
