A UKRM retreat

Sorted. I only put it for certain people who couldn't understand the
difference between an opinion and a verified fact.

 

0.5% according to the BBC, which is essentially flat.

"At the same time, the number of mortgage approvals fell in January to
a near 10-year low, official Bank of England figures have shown."

So, slowdown, flatten, whatever you want to call it. But not a crash.
Probably need a big external event to push us into that.

 

Oh, I understand why you had it in there - my attitude to such people
would be "**** them", and I found it a bit of a poor show that you were
pandering to such lackwits.

 

Yeah. That rent was set in 2001. I was a good tenant, so I imagine
he was happy to get perhaps a little less than market rate. In fact,
a letter telling me the rent would go up to £810pm crossed with my
letter giving them notice

In every sense :-/

 

Increasing bankruptcies mind you.

 

cheer up, it probably won't happen unless something like, you know, a
major terrorist attack happens in the UK.

What are the chances of that, though.

 

I can think of two:

1) Several potentially cheap sources of foreign labour are joining the
EU, pushing more manufacturing jobs abroad.

2) This tax year the US IRS are allowing companies to "repatriate" funds
from foreign subsidiaries without paying tax on it... oops there goes a
lot of spare funding, in a lot of corporates.. The effect cascades
through the market place, leading to a general slowdown.

But I could be wrong.

 

About the same as a bloke being cut from his sternum to his navel and
allowed to die in front of an entire pub full of people?
I'll hold off on house purchase until after this May election!

'Hog

 

Bedroom 1: Our bedroom
Bedroom 2: Study
Bedroom 3: Library
Lounge: Lounge
Dining room: Workshop
Garage: Workshop
Conservatory: Pool table

 

It does seem that way.

Of course, to get back to the original point that was
'property as a pension fund', it doesn't really matter
whether my rental income covers the cost of the mortgage
for that particular property[1].

As long as (Mn + Mr - R) <= Mo
where:
Mn = new mortgage on my flat
Mr = mortgage on 2nd flat
R = rental income
Mo = old mortgage on my flat

then I'm OK.

[1] The mortgage on the rental property is 400/month.

 

You've shown me the error of my ways.

 

Does anyone else know what Hog is talking about?

 

With our Government's new security laws - I'll be fine!

 

Almost never.

 

IRA you Chumps and the murder in Belfast last week! sheesh don't you
guys read the Oirish Times?
I'm thinking that as Bertie and Tony have cast them adrift our May
election will be looking kinda tempting for them (1).
Then again they are shit scared of Bush in the wider world.

(1) no really

'Hog

 

well, exactly - which is the reason we want to get into property
development/buy-to-rent.

Normal pensions strike me as a mug's game at this point.

"show me the money".

 

That's what *you* think...

 

I'm paying for it. It's what I *know*.

 

It was somewhere around Barstow, on the edge of the desert, when the

Kitchen: Beer and food.


Nice to see you have your priorities right.

--

Dave

GS 850 x2 / SE 6a
SbS#6 DIAABTCOD#16 APOSTLE#6 FUB#3
FUB KotL OSOS#12? UKRMMA#19 COSOC#10

 

DR says...

Essex, Kent and Central London.

Bonzer, that means I'll be down there building a stand and merchandising
it for them soon.