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arthurseaton

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About arthurseaton

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  1. From dreams of European glory to plans for a bigger academy in a matter of weeks. That's football! Oh well, best make plans for the future if you don't want to end up like the other one season wonders whose achievements are now all but forgotten. Remember when Reading finished 8th in their first season in 2007. Sunderland 7th in 2000 and Ipswich 5th in 2001? No? Me neither. Anyway, enjoy mid table mediocrity. For you guys it really doesn't get any better 😃😃
  2. Well I agree they shouldn't be building on a high risk flood area if that's the case. However, your other objections seem a bit flimsy to me. The local environment would be improved immeasurably by replacing the derelict buildings with a large housing development, exclusive or otherwise. The buyers would no doubt be aware of the limited public transport but that could be implemented if the need were there. Good quality housing is urgently needed in Sheffield and this brownfield site looks to be a perfect location for it.
  3. Was sold for £150000 apparently. Imagine buying that a month before the pandemic. Doh!
  4. I'd imagine there'll be a knock on effect though surely? Crookes,Walkley don't exist in a bubble and they are similar areas to Meersbrook in many ways. Also, I mention Meersbrook as the OP is looking to buy in the south of the city and I think in a year or two their money will go much further there as it will undoubtedly in the really high density student suburbs
  5. If I were you I'd rent somewhere around Sharrow Vale or Meersbrook for at least a year. Then, with your budget, you'll be in a good position to pick up one of the many bargains that will soon be appearing in these big buy to let, student rental areas. The impact on this market will be seismic but it's not going to change overnight. So if you can be patient and sit things out on the sidelines you'll be able to take your pick from a host of decent properties that would previously be out of your budget. Good luck
  6. 5 points from the last 5 games. You won't be second much longer
  7. First clean sheet of the season. End of the losing run. Can we play you every week? Thank you blades . Thank you
  8. The agent doesn't need to take a risk. It only takes one buyer with a wildly misguided idea of the value of the property to make a bid and the need for any fraud in the legal sense to take place is negated. eBay auctions don't work like this because if the buyers were ripped off to this extent eBay would cease to exist overnight. The fact that this is the model for property should really make the ,ahem, 'buyer beware'.
  9. Not true. In the example given in this thread there may be two or three people who have a wildly inflated perception of the true value of a property. There may be hundreds of other prospective buyers who believe the price to be way out of line with it's true value. Of course we don't hear from them as they are don't make an offer or else their offer is rejected. The house goes to sealed bids and is sold for a price which is above it's real value. The reason? They have paid more than what MOST people would be prepared to pay for it. http://www.arpeggioadvisors.com/value-is-what-someone-is-willing-to-pay-the-most-toxic-phrase-in-business/ Of course, the idea that a property is worth what people are willing to pay for it is so widespread that those who don't prescribe to this view struggle to buy in a rising market. In a falling market such as London those who use reason to value a house are foiled because, surprise surprise, the sellers, when forced with offers well below their perceived value of their property, simply withdraw the house from the market. 50 % of properties in London are now withdrawn from the market having failed to sell. Seems the theory only works one way doesn't it .
  10. 0-3 in front of less than 20k. Chansiri Out to be chanted at full time for the first, but not the last, time this season. You heard it here first
  11. I hope the op takes note that the only investment you choose to compare that could possibly be worse than investing in property right now is the stock market where losses can in theory be 100%. Investing in property is safer than investing in a single high risk no portfolio gamble on the stock market you say? Sounds a safe investment. Where do I sign up? ---------- Post added 03-08-2018 at 11:36 ---------- Risking in 30 % isn't bad you say. Maybe when the risk is minimal. Is the risk minimal. Carney says it's a real possibility. Like I say, he could be wrong but he's already upping interestt rates so the anticipated 4% we'll be getting after a hard brexit doesn't come overnight so he's not just talking the talk.
  12. Carney mentioned it in his speech this morning. Also mentioned interset rates going up to 4% and 9% unemployment. He could of course be wrong. But in a thread entitled best area to invest I would hope the op factors this information into his investment decision. ---------- Post added 03-08-2018 at 10:33 ---------- You are commenting from the position of an established landlord who could have bought property at maybe a quarter of current value. As such your argument is valid. It's a viewpoint I would hold if I were you. I'd have no choice! The thread , however, concerns a prospective new investor. Wether or not they are cash buyers or are thinking of borrowing a percentage is immaterial. They risk losing a third of their investment if they proceed. To imply that doing so is anything but a huge and potentially disatrous financial risk is I think disingenuous. I wouldnt think the few grand in rent they receive over the next few years would provide much comfort do you?
  13. BTL also refers to borrow to let. With today's news that the BOE have made plans for house prices to fall 30% in the event of a no deal brexit and possibility of said no deal being uncomfortably high it would appear those buying with no mortgage would only lose 30% of their equity. Not the wisest investment to have made recently I would say. Of course everything could all work out for the best
  14. Checked on rightmove today and saw SIX new listings of btl student properties around Hunters Bar and Sharrow Vale. All listed today. Obviously an over leveraged borrow to letter running for the exit. Hope he sells them quick. Wouldn't want to be paying for the mortgage on six empty properties. Oh well, judging by some of the responses in the thread he won't be short of greater fools willing to take them off his hands. With interest rates rising today and the London and South East market tanking it looks like it won't be long before we find out who's going to be left holding the baby. (Gulp!)
  15. Yes, it's the house price inflation- not at all the same thing as RPI or CPI- that's the problem. But nobody has any real clue how to remedy it by lawful means. I think you'll find the lawful means by which this is being remedied in London and the South East is proving pretty effective. Governments in capitalist societies don't change behaviour by banning things. Far more profitable to tax behaviour out of existence. Buy to let is finished in the south east as it only worked when the investor could count on capital growth as I'm sure you're aware. With falling property prices even the banks pitiful interest rates look a better bet. As for foreign investment, Even Abramavich can't get his Visa so his cronies are going to be feeling a little worried don't you think. All lawful. All popular with the voting public. And all lucrative for the treasury. The government certainly 'has a real clue' I reckon
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