arthurseaton

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 😃😃

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.

Was sold for £150000 apparently. Imagine buying that a month before the pandemic. Doh!

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

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

5 points from the last 5 games. You won't be second much longer

First clean sheet of the season. End of the losing run. Can we play you every week? Thank you blades . Thank you

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'.

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 .

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

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.

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?

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

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!)

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

That old Chestnut. Buy to let isn't going to be stopped. We're just going back to a rental model pre btl boom like in the 90's where a small minority of working age people rent for a variety of reasons, and the majority buy. The government have a vested interest in returning to this model and are actively pursuing tax legislation to bring it about. Taxes always change behaviour . Property investment is no different. Don't worry about the streets being full of homeless people. A few over leveraged landlords maybe. The rest of us will be just fine.

The Red Lion in town is a good option. Nice underated pub.

Eh? I've got no idea and even less interest in your personal circumstances. I was simply pointing out that the Tory party has inplemented the necessary tax changes to bring about the end of buy to let as a viable investment option. This will ensure many over leveraged btl investors will be forced to sell their properties or else incur massive tax costs.So, not only will they cease buying up houses that come on to the market by outbidding first text buyers they will actually become providers of such properties thus increasing the number of houses on the market and helping the artificially inflated prices to reduce to something like historical averages. In Sheffield this could mean reductions of up to 40 %. I don't even know if you own btl property. I was simply pointing out that this is not a labour party policy but a Tory one. There isn't a party in Britain that would side with btl landlords on this issue. It would be political suicide. Property as an investment is over and we should all be thankful.

You realise that section 24 is a conservative party idea. A hugely popular one at that. They know that a young electorate that is forced to rent from landlords will not vote Tory. Corbyn is out of the loop on this one so your rant is way off the mark. The party's over and you know it

Love this response to an article in the telegraph about the government initiative to kill off buy to let. "We buy-to-let landlords are business entrepreneurs in the economy, creating huge amounts of wealth by investing in property by highly leveraged borrowing on interest-only mortgages, and then enjoying capital gains from the relentless house price inflation that benefits the economy so much. Now Osbourne's dreadful Section 24 stops us getting full tax relief on our mortgage interest payments and means that we actually have to pay income tax on some of our rental income! The government should take urgent action. There should be an immediate increase in tax subsidies for buy-to-let landlords: restoration of full tax relief on mortgage interest payments, continued availability of special interest-only mortgages, ability to raise a deposit by tax-free withdrawal of equity from the capital gain on an existing property instead of having to save for a deposit out of after-tax income, exemption from council tax for properties which are let to students, etc. This will balance out the enormous financial subsidies that owner-occupier families enjoy, because they do not have to pay a single penny of tax on the imputed rent that they benefit from by living in their own homes. This way, buy-to-let landlords will be able to continue to support the golden age of high house price inflation by buying up more properties to rent out, and provide much-needed homes for those who cannot afford to buy.'' The vast majority of comments were anti btl and pro the oncoming house price crash. Looks like the OP got his wish

Everyone knows how to play against United now. Look at the form table.

That's what I thought until I tried new cod on the block on Commonside. Knocks two steps into a cocked hat. Shame as two steps is my local

Transferring the property into your spouses name will probably just be kicking the can down the road in my opinion. HMRC are aware of the various loopholes and will close them at will in the coming budgets. The S24 tax changes are doing exactly what they were implemented to do, particularly in London, which always leads the market, and the shock the tories got in the election will only further strenghen their resolve. Hammond, like Osborne before him, has been tasked with ending btl as an investment option. The only survivors will be those who put their properties into limited companies, where finances are clear for all to see and taxes are unavoidable, and those landlords who are not leveraged and there are enough in either camp to maintain a healthy supply of properties to the market, although sadly not the op by all accounts

It's an absolute travesty that Chansiri won't allow Wednesday to wear their traditional blue and white stripes. What has the man got against our Identity? The blue Arsenal kit of the sixties was roundly mocked at the time and, from what I can gather from social media, the return to the traditional kit was greeted with roars of approval. When Southampton (Southampton!) attempted to change their kit to fulll red using the same stealth tactics of a season in pin stripes the fans revolted and insisted the club revert to stripes. I can't even imagine how Newcastle would react to the desecration of their kit. But how do Wednesday fans react. They just roll over and allow their master to do as he pleases because we dont want to scare him off do we. Best just to let him carry on making a mockery of the club. Crest designed by a twelve year old(Replacing what was one of the most recognisable and well designed brand logos in English football). Ipswich/Oldham home kit because they look so much better than Wednesday don't they. The whole sorry episode puts this proud club in an extremely poor light in my opinion.

http://http://www.telegraph.co.uk/property/house-prices/revealed-extent-buy-to-let-market-collapse/ I paricularly liked this bit : "The research also found that the number of new tenants looking for homes was down 5.2pc, pushing down average rents. " Whats interesting is that the Telegraph presents this as a shock. The market reacts to measures implemented by the treasury to effectively kill off btl and people are shocked? Some people refuse to smell the coffee. Too much self interest to think clearly I imagine.