DovertheRoad

Whatever you think of Green I don't think he bought BHS to kill it. Like Austin Reid it was a classic example of a business that failed to move and change with the times...and by the time they realised they'd lost most of the brand goodwill and alienated the younger generation, it was too late.

Agree with you Jah....looks like 5-6 months more work at least to me. Feck knows who's managing the works but i've seen projects of this scale move a lot quicker....

Buying in 2013-14...that was a mad time and terrible to buy. Buy in a market when everyone else is shitting themselves and prices have dipped. Like 2010-11 for example.

It sold for ?1.65M I believe...wont be the easiest of sales because of the sellers circumstances so doesn't surprise me if it has dragged out. I'd strongly bet on conversion back to houses over a hostel but you never know...

I understand your pain but truth is there is always another house and quite often better than the one you were set on. The emotional pull of a new home quite often colours others rational buying behaviour but easy to understand why. We went to sealed bids back in 2011 as buyers, great house, close to village and all the original tiled mosaics yadda yadda. Four of us all over the asking price. Ours was second best bid but we were still outbid by a whopping ?70k. Two days later we found our current place, bargain price, great street and we were the only interested party...saw it in the morning and had offer accepted by 5pm. Point being that if you keep at it will work out in the end and often for the better.

In for EU. Out for ED. Probably for Vancouver to keep the missus happy.

Surely we've all wangled expenses with the mini bar at some point in time. Couldn't ever bring myself to do the pay per view adult channel though...

Lose majority over some pringles,a cheeky Toblerone and a G&T? And handover to the well organised machine that is Labour under Corbyn? Lol.

Nice to see The Lordship now getting steady trade midweek and pulling a decent crowd at weekends. Unpretentious, friendly bar staff and casual but really decent food space at the back. I went last night and had the half price burger (every Wednesday). Rare breed meat etc etc ?6 and was lovely. Good ales too. Hats off to them...

Jeremy Wrote: ------------------------------------------------------- > DovertheRoad Wrote: > -------------------------------------------------- > ----- > 5% within the next 10 years? Unthinkable. Unthinkable? Really? Millions would have said about 15% in 1992 (ERM...Europe anyone?). And it's a refusal to accept the eminently possible amongst millions of hocked home owners that is a concern. First time buyer millenials who know no different especially.

Just making the earth shattering, tentative suggestion that base rates will revert to their 100 year average at some point in the next decade RD. And that wage inflation is unlikely to compensate or support a gentle deleveraging of household debt. Many of the evil remnants of 2008 are still deep within the global economy and the next one wont bring down the banks...more likely the people. Total mess at the moment. If you had a spare ?100k hard to know where you'd invest it without taking a hit or barely keeping up with inflation....

enjoy Wrote: ------------------------------------------------------- > http://m.roybrooks.co.uk/property/choumert-road-pe > ckham-se15/royb-007400/1 > > This one hasn't too many room for clutter but an > ambitious price... Nice period building and with a workshop in the back. But when you see stuff like this with only 1300 sq ft internal living space max going for ?1.2M...in Peckham. You know you're firmly in massive bubble / future implosion territory. Although someone hocked to the eyeballs themselves...and not geared up for a 5% + mortgage rate will now vociferously claim otherwise. Time to get the glasses on, fix your rate for 5 years and ride out the coming recession...

I'm always partial to a 1980's font can of WD40..

Pedler

Pass the Ferrero Rocher to Michael will you Andrew?

That's great...thanks for posting Jah

No 10 completely messed up the handling of the revelations. They've pretty much admitted they've fumbled the PR and DC has carried the can. I agree with Loz it would still have been big. It might whiff for other reasons but technically (in a legal tax sense) no evidence suggests DC has broken the law. And I'm no Tory...

Rah - once again, read above, I didn't once say "everyone is at it". But with 80% of home owners admitting paying cash to avoid vat or get a better deal with their builder (same thing really) and it all thought to cost ?2B + per year it grates that many of those people are up in arms on twitter etc about Cameron's IHT planning. That's the public declaration vs private action hypocrisy...

I thought my points were clear but basically: - There is massive hypocrisy in all of this generally when it comes to the "moral" argument. Well written law is clear but issues of morality are often a grey area which in this case has society failing to arrive at a consensus. - Many people whose tax affairs comprise a solely salary with a PAYEE deduction each month don't understand legitimate options in personal finance that allow for choices as to how and when you pay tax. - On the subject of paying tradesmen etc cash and pleading ignorance I disagree with you that this absolves the purchaser from any moral hazard. It's down with a wink and a nudge and everyone knows it's unlikely to be fully declared to HMRC. Morally I view that as worse than legitimate tax planning for IHT as it is outright evasion.

Not what I said though is it Rah...and whilst in theory you are right HMRC now have powers to hit cash payers if it looks like they are complicit (knowing) in the fraud. "I didn't know...not my problem" now doesn't wash so well...

Personally I've been waiting for the morality vs legality question to be brought to a head and now quite enjoying the ensuing debate. As per Quids previous postings most don't get evasion versus tax planning (legitimate avoidance)....lots of sensible personal finance areas where you can legitimately choose how much tax to pay across certain range...splitting CGT allowance as a married couple, IHT planning etc. Tbh I don't know anyone who voluntarily pays the maximum amount of tax at all times if (i) they don't have to and (ii) as some kind of personal statement for the greater societal moral cause. Then there is small time cash declared fraud that millions indulge in daily from cabbies to shop owners... Ever done cash deals with a builder or handyman? Fiddled a work expense or taxi receipt? No real moral difference in my book. Interesting that George and Dave, whose absolute net worth is considerably higher than their salaries reflect, have clearly agreed that ?200k ish is the publicly acceptable limit whilst in the corridors of power... FTSE 250 execs, bankers, Hedge Fund guys all earning 7 fig packages and doing much worse. The whole thing is a misfiring mess that's forcing us to address a base moral issue. Looking fwd to see where it will end....

Seabag Wrote: --------------------------------------------- > It's medlar jelly in our house DoverTheRoad..... Hipster.

Lol.(and yawn) Brief summary is that it's all screwed. Buy to let is now effectively finished as an attractive proposition for amateurs and flats not shifting and falling. Massive bubble for London prices.Bigger global economy due another massive correction, no real safe haven unless you like gold and that's up 20%. Did you hear we had our place valued at ?1.5M? I know...mad isn't it. And are you all ready for negative interest rates? Pass me the quince jelly Andrew...

And Country Spray up by the Plough is decent too...really helpful and friendly people.

I was just talking purely about the sourdough....