CVs - again.

bring back the Breton Woods agreement!!

 

I would concur. A large proportion of the new build houses in Cardiff
Bay were bought as BTL. It's gone a bit tits-up with some developments
being mothballed or cancelled as there are loads of empty apartments.
Many landlords are resorting to letting them to students which gives
good cash flow but has high overheads and drives away the DINKYs. Give
it a few years and they'll be social housing as a) maintenance costs
will be too high for private owners b) they are too far from the city
centre for those that want central apartments and c) not far enough out
for those that want to live in suburbia. JD Sports, Argos, Asda &
Morrisons have built shops nearby which suggests they have come to the
same conclusion as me...

 

slightly embarrassingly, the nearest "big shop" to me (as opposed to
the Somerfield in the petrol station down the road) is now a Lidl.
Fortunately it's only another 2 minutes further to get to M&S and
Waitrose.

 

More fool them, then, for buying themselves into VERY expensive and long-
term contracts for things they didn't understand.

Should there be an exam before a mortgage is paid out?

 

Odd demographics associated with Lidl & Aldi. Very popular with the tight
fisted middle classes. Often see them next to Sainsburys & Waitrose

 

I'd class anybody who takes out a mortgage for more than the current
value of the house they're purchasing as a speculator. They're hoping
that within 24 months that house will be worth more than they've
borrowed and they can go and do it all again.

Before the bubble burst it was common to see two almost new cars
outside every starter home and nobody will ever persuade me that a
high percentage of those cars hadn't been paid for with money borrowed
against the house.

Btw, I don't see a problem with people buying a house with a view to
renting it out because there'll always be people who need rented
accommodation but I do see a problem with people ending up with debt
they can't service because of it. I'd disqualify them from ever having
a mortgage again and let them pay the stupidly high rents they'd been
charging before they fucked up.

 

No. Just make sure that the purchaser stumps up a sensible deposit and
stop lending more than the value of the property.

Hang on, they've done that since the last big **** up.

 

I notice you make no note about his "principles".

Or the motives of many MPs.

 

Well, given they're elected to run the fucking country - yes.

Don't look at me, sunshine.

 

By a chancellor who had pledged to end boom and bust.

Lloyds wasn't fucked until its CEO got conned into bailing HBOS.

If HBOS' loan book had been valued at a realistic carrying value,
rather than using their own somewhat optimistic view of loan loss
provisioning, then Lloyds wouldn't have touched them with a
barge-pole.

Very few, if any. Then again, many did very well out it, thank you
very much. As did many fund management organisations.

 

I think it probably does.

While plenty of people would move to a decent area and commute into
London the house prices where you live stay low. Go figure.

 

While we're on the subject, if you and the missus are heading west at
the weekend, could you stick a copy of the local rag in a pannier for
me?

TIA.

 

You want to be careful where you're waving that, sweetie.

 

Practice makes perfect.

 

not sure I am yet but drop me a mail with your address and I'll put
one in the post.
--
Adie
(replace spam with nickname to reply)

UKRM FAQ: http://www.ukrm.info/faq/

YZF-R1 : FZ1N : RD350LC
(anyone would think I was partial to Yamahas)
keeper of the FAQ for my sins
MRO#11 BOTAFOF#7 BOTAFOT#130 DIAABTCOD#17 MIB#24 YTC#16
BOB#15 ex-UKRMMA#22 BOMB#11

 

I would but I'm staying up north at the stinky power station until
Sunday evening and then I'm heading for Muscat on Monday so we'll not
be crossing paths.

Email a snail mail address to either myself or Adie and we'll pop
something in the post to you.

NP.

 

Do you really think so? Well you carry on living the dream.

 

<fx: shuffles feet nervously>

I prefer to think of them as having an excellent price/quality ratio.

 

snobbishness aside, the main problem I have with Lidl is that their
stock is fairly random. Plus they only ever seem to have one till (out
of 4) open. Their fresh produce is perfectly OK, mind - way better
than the likes of Morrisons or Asda.

 

Indeed. You couldn't rely on them for a "big shop" for a week of groceries.
Great for a top-up shop where you want something for that evening without
being to fussy what that might be. As Ace's bottle recycling bin will
testify, they stock some reasonable plonk, although the 2 bottles of decent
burgundy were sourced in LeClerc.