Reply to: Property Snake

[threaded]

Shed? Luxury! In Doncaster there's at least one landlord with tents in the garden. Has friends in the council so doesn't worry about bothersome stuff like fire-precautions in the houses, like what they make me do, so they're almost certainly safer out there.

[Troll]

Time to buy to let. You can cover 75% of the mortgage costs, don't worry if interest rates rise further, you can put the payments shortfall on a credit card. Don't worry about the glut of rental properties and falling real term rents. It will all be made up in the equity rises which will go on forever.

Meanwhile people live in these over priced houses at subsidised rents, you couldn't make it up!

Yeah!!!

Worried about minimal returns from your btl... answer: pack 'em in!

So many migrant workers are entering Britain that they are being housed in garden sheds.

Brick-built sheds have begun springing up in areas such as Slough, Berks, which attract high numbers of immigrants, predominantly Polish, because of the availability of jobs.
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Council inspectors found that an "alarming number" of sheds began to be erected in the back gardens of landlords who were already renting the properties to immigrants.

With no running water, lavatory or cooking facilities they represent the most basic accommodation, yet such is the shortage of housing and willingness of workers to save every penny they earn that up to eight people are living in a shed at a time.

Andrew Blake-Herbert, director of finance and property at Slough Borough Council, said: "It's pretty desperate stuff but people choose to live like this.

"The only thing we can do is close them down but we have found some unscrupulous landlords simply wait for a bit then open them up again.

"There are no facilities at all. It's the cheapest accommodation they can find."

About 50 sheds have been found in Slough, either existing ones that have been adapted or purpose-built ones. It is a problem thought to be replicated around the London area where there is a high density of immigrants matched with a shortage of cheap and available housing

http://www.telegraph.co.uk/news/main...2/nsheds02.xml

[wendigo100]

Good return

If they get anything like 365K

[monkeyboy]

My next door neighbour has just put there house on the market


bought feb2006 for 275k on market for 365K it was a wreck but they have not actually spent any money on it. IE still needs new boiler windows kitchen bathroom

Good return

[Troll]

I'm going to set up sham marriage and legal aid companies to fight deportation. If you can't beat em, join em.

I did read that there is a problem with new arrivals maintaining traditions of polygamy.Might be a good way to get more in & extra wonga - one bloke many wives & scream cultural abuse should the authorities protest

[GreenerGrass]

The Thames Gateway is being developed for them. Essex and Kent. That should be far enough away from civilisation.

Don't forget it had Prescott in charge, most of the plan is barely nearer to being developed than it was 5 years ago.

[wendigo100]

More immigrants please, but only in and around London.

The Thames Gateway is being developed for them. Essex and Kent. That should be far enough away from civilisation.

[GreenerGrass]

Good site, those city folk wanting to downvalue to a place in the country in a few years need prices near London to remain buoyant while the rest of the country faces utter collapse. There is a reasonable chance this could happen as long as the city jobs boom continues, the Olympics and related regeneration etc.
Here's for the ridiculous regional disparity to get even greater.

More immigrants please, but only in and around London.
I'm going to set up sham marriage and legal aid companies to fight deportation. If you can't beat em, join em.

[Bagpuss]

Flood Noah? what fookin flood?

[scooterscot]

This is great news...

1) Mortgage approvals fell so we're not borrowing from the banks to buy our property as much

2) Consumer debt rose by only £498m, so we've got our finances under control at last.

Good news all round, statistics where would we be without them?

[DimPrawn]

http://news.bbc.co.uk/1/hi/business/6707157.stm

The number of new mortgage approvals in the UK fell to a 12-month low in April, Bank of England figures show.
Mortgage approvals totalled 107,000 in April, down from 111,000 in March and the third monthly decline in a row.

In a further indication of weakening buyer demand mortgage lending rose by £8.9bn, much less than expected and the weakest rise since September

Consumer debt rose by only £498m - half what was expected and the smallest increase since March 1997.


Doomed!

[scooterscot]

According to the Land Registry figures quoted in today's Mail in most regions of England house prices are at best static or falling. Only London & the SE are they rising
http://www.dailymail.co.uk/pages/liv...e_id=1770&ct=5

Oddly, the Express today has a completely different take and everywhere is booming

I have a mother in Law who speaks Daily mail, it must be true.

[pickle]

Time to buy to let. You can cover 75% of the mortgage costs, don't worry if interest rates rise further, you can put the payments shortfall on a credit card. Don't worry about the glut of rental properties and falling real term rents. It will all be made up in the equity rises which will go on forever.

Meanwhile people live in these over priced houses at subsidised rents, you couldn't make it up!

And when you've finished making a pile out of that pretty tale, I have an inside scoop on some tulip bulbs that are set to be the next big thing.....

[Bagpuss]

Time to buy to let. You can cover 75% of the mortgage costs, don't worry if interest rates rise further, you can put the payments shortfall on a credit card. Don't worry about the glut of rental properties and falling real term rents. It will all be made up in the equity rises which will go on forever.

Meanwhile people live in these over priced houses at subsidised rents, you couldn't make it up!

[Hart-floot]

Someone reducing an inflated asking price down to a realistic one proves absolutely nothing.

Only actual selling prices are useable in determining which way the market is going. And then only for like to like houses.

tim

According to the Land Registry figures quoted in today's Mail in most regions of England house prices are at best static or falling. Only London & the SE are they rising
http://www.dailymail.co.uk/pages/liv...e_id=1770&ct=5

Oddly, the Express today has a completely different take and everywhere is booming