zak

40 minutes ago, rodders0223 said:

I have a question, I have started trying to look at a few properties.

Is it normal for estate agents to have a single day where you book a slot to view the property (usually when I am at work and very short notice as the property went up few days prior)
What is this rubbish? I thought I am a buyer looking to spend £££s, can you not take the time out to let me view the **** after work or a weekend?
 

Open Days. Usually a sign of a large market with high demand.

I was looking at Croydon 2 years ago and they used to have 30 min long open days on Saturdays. You ended up joining them for like 4 of the properties. There would be maybe around 70 people at each. Then they would go to sealed and final bids by lunch time the following Monday. Always went for like 10% over asking price. An absolutely crazy market but why would agents do any differently. they couldn't cater for all 70 people.

Never heard of them doing them during usual working hours though, maybe if its a property with serious renovation needs and thus would be more catered for serious developers.

Auctions are also different.

FYI, i run a small resi property fund and manage a few properties. Mostly SW London, but also Oxfordshire and soon to be Sutton Coldfield

1 minute ago, NoelVilla said:

 

Sums up what inflated prices there are in the Premier League. Sigurdsson is a good player but Douglas Costa is better.

I Dont know if this is just due to Premier League or due to it being a very good player going from and too clubs that are unlikely to find another player anyway near as good. Can you name a players who would be as influential as Sigy who would go to Everton for Less?

3 hours ago, omariqy said:

You only need to apply basic economics of supply and demand to know that prices won't fall 40% across the board. There are more willing and able buyers then there are houses. Until that changes you won't see a rapid shift in prices. Maybe a stabilisation. 

This!

People predict a housing crash every year but until supply outgrows demand, how and why would prices drop? To reduce demand, you would have to change the British viewpoint that one needs to own a house, which iif it does happen it wont be in a year. This would also lead to a higher demand and thus prices for rent. are peoples beliefs still going to be you dont need to own a house if rent goes up and house prices go down?

7 hours ago, TheAuthority said:

Completely disagree. He's done. His legs have gone, his head and his heart haven't been in it for a good while.

It's a terrible signing for Everton if they are serious about being competitive.

Replacing a striker who is (a) approaching his prime (b) scored 25 goals last season and (c) seems to only want to improve and looks like he will with Rooney & Giroud? Jesus wept. I think it's a disastrous plan.

I know Giroud is the but end of jokes etc but is he really that bad signing. This past season he has the best goals per minute ratio in the premier league. Fine he didnt play as many minutes as alot of the players he has beaten but you can only score when on the field. I also understand the argument that goal scoring is only one aspect of whats needed from a forward but it is obviously the most important one in most cases.

11 hours ago, omariqy said:

IHT is very complicated when multiple gifts are involved so need to be careful. Seek legal advice if not sure.

Yeah, if going down this route you should seek legal advice. 

16 hours ago, Xela said:

I was thinking that. If its a transaction based on commercial market value then surely it is no different to buying it off anyone?

Yeah, there shouldnt be an issue if buying at market value, although i dont know what you would have to do to confirm it is market value, I presume just get a valuation from a surveyor and pay that price. However, again seek legal advice as you never know what laws will be in place for this, probably something stupid like you have to have the property up for sale with a  local estate at that price for 2 weeks before you can sell it to a relative or who knows what.

22 minutes ago, Rodders said:

so how does it work? forgive my ignorance.

If parents bequeathed a fully owned house to their kid, what do the children have to pay tax on? Is the house valued independently and then they have to pay a tax at a certain threshold?

No Tax to pay if parents no longer live in it and child is going to live in it and parents live for more than 7 years afterwards.

Inheritance Tax comes in if Parents dont live for another 7 years.

Maket rate rent would need to be paid by parents if staying in property or it would be designated as still part of parents estate. Children would have to pay tax on the rental income

 If the child does not live in the property and sells it at a later date, they will need to pay capital gains tax on profits

22 minutes ago, omariqy said:

Well if he is buying for full market value then inheritance tax doesn't come into it.

Of course, sorry, you are right.

If you buy a house for market price, should be no issues with tax or anything like that, just your mortgage provider may not allow it, they often don't like sales between related people.

If they give you the house ("gift") what i said above is true.

If you buy for below market value, i.e 50% it is considered the difference (50%) is gifted to you and that is eligible to inheritance tax in the same manor as above

5 hours ago, leemond2008 said:

I moved into my flat back in December, it got me off Erdington High Street and all the noise and trouble that came with it.

Only problem is that there is some sort of crack den over the road and there is always **** trouble out there, 8 kids rowing from 4:30am till 6:30am, I wouldn't mind if they just had a scrap and sorted it out but they ponce about bouncing around like rubbish football hooligans and do nothing.

Just have a **** straightener and let me get back to sleep.

From Erdington High Street to Henley, very Swanky!

20 minutes ago, ender4 said:

as long as they don't die within 7 years...

Such a weird rule. thought it was 5 but either way.

However you arnt taxed on anything below £325,000 if one parent and £650,000 if both parents.

So for example if your buying it off both your parents, and god forbid they both passed away in the next 7 years, you would only be taxed on any values over £650,000 so if the house is less than that you woulndnt be taxed on it.

I think this is right anyway, happy to be corrected

18 hours ago, Jimzk5 said:

Vettel to face no further punishment after admitting the charge and saying sorry.

what a ridiculous decision, I look forward to another driver crashing into someone on purpose and saying sorry to get away with it.

no surprises the head of the FIA is former Ferrari boss jean todt.

Im looking at this as the way football look at incidents after they occur. If the ref is believed to have seen it and given punishment for it, that punishment stands, if not then one can be given.

The Stewards obviously saw the incident and gave a (too lenient) punishment for the action.

1 minute ago, BOF said:

I never spotted the oddity, because I'm used to that phrasing  

I presumed that was the case.

As an Irishman who grew up in England who then moved back for University at UCD and with a gf from Waterford, i am very used to it as well and often will use alot of the terms which probably sound very wrong with my English accent.

your one and you know yourself probably being the worst.

2 minutes ago, BOF said:

We say "amn't"

yes and use the word after in the context i presented, which is not usual outside of Ireland

16 minutes ago, mjmooney said:

What's the Spanish pronunciation? 

I assume it's 'yama'? 

This is weird, i literally wondered the same on Sunday.

Girlfriend said: they probably just use a different word, which after checking, they do not.

Must be ''yama" same as to call

34 minutes ago, BOF said:

I amn't bothered by that.

you're after making a mockery of the language.

On 2017-7-2 at 09:40, TrentVilla said:

Prices might stop going up but they are pretty unlikely to go down.

This,

People have talked about the bubble bursting for decades.

The way i see it, is back to basic economics. Demand for housing grows faster than supply in housing. This makes prices go up. When i say prices thats the combination of rental prices and house prices. People need places to live and are either buying houses (house price increase) or renting houses (rental prices increase) or a mixture of both.

Untill supply matches demand overall prices are likely to keep rising.

My viewpoint is mainly from greater London though where the disparity between demand and supply is large

4 hours ago, BOF said:

Clinkety lickings

Nurmagobblelobble.

 

Nah, dont see it. If he does go back to UFC which im not even sure he will, this doesnt seem the one to have.

He would have alot to lose but not alot to gain from it (especially now money for these fights wont be a big deal)

If he goes back to UFC its to get the 3rd (170) belt. (IMO)

Hes got a big Ego but has never made the wrong decision for his future, losing another fight at 170 wouldnt really cause much harm to his legacy, losing to Nurma would.

Well i **** love it. Good on ya Seb. I feel like it is something MS would have done and adds some flavour to the very bland recent F1 seasons.

I also might be biased as i hate that little cockwomble Hamilton. IMO he has always acted like a spoilt brat.

BTW iv just read some things briefly, does hamilton talk/incur about being the bigger man, then also say "Lets take this outside"?

Mine is meant to arrive today. Iv had the 1 and then the 3 which broke 2 months ago

2 minutes ago, Rugeley Villa said:

Going back to the hedonistic days of the early naughties I used to drink turbo shandy. Half pint of Stella in a pint glass with a bottle of Smirnoff ice tipped in to make the pint up. By god after five of them you were smashed. I couldn't drink them now mind, think I'd throw up after one mouthful.

Ah, i used to have the old triple vodka with WKD as a mixer, back in my days.

Also Fat Frogs which is a very irish thing: Blue WKD, Smirnoff Ice and Orange Bacardi Breezer pored into 2 pint glasses and shared with a friend

Well i found that information mildly interesting . @BOF, dont listen to the begrudgers.

What other alcohol based titbits do you have to share?

The question is, if you believe in afterlife, what do you believe you are like in that afterlife?

your "spirit"? does it have any mass? what does it involve.

Everyone talks of a place with loved ones etc, but your love for those people and your memories of them are all in your brain:

"After consolidation, long-term memories are stored throughout the brain as groups of neurons that are primed to fire together in the same pattern that created the original experience, and each component of a memory is stored in the brain area that initiated it"

When you die, your brain stays in your decaying body and these reactions no longer occur.

Thus even if there is an afterlife, you have no memories or love or anything which at all resembles you now.

1 minute ago, Demitri_C said:

Wby would not want a afterlife? If you could be reunited with your loved ones wouldn't we all want that?

Hes not saying he doesnt want an afterlife, just saying you shouldnt be terrified of nothing, as you wont even know about it.

26 minutes ago, Demitri_C said:

its just the dismissive attitude I dont agree with. Comments like I can't believe  x amount of people a story, or it's made up etc. believe or not to believe that's everyone's choice I just don't agree with the belittling of those who choose to believe.

Im just playing Devils Advocate here and im not actually saying this is a comparable belief to believing in God but:

Would you belittle someone who believes the earth is flat, honestly? 

56 minutes ago, blandy said:

He could have gone down a line of appealing to people with empty property / rooms in the area to help out, to show altruism and generosity to the people, while mentioning that the law currently prevents forced requisitioning and that he thinks that needs to change.

My Sister and BIL live very close to the Tower, they had debris falling in their garden and getting into their house. They offered their spare room for housing as soon they could, havnt heard anything back. I would suggest alot of spare rooms would have been offered maybe even more than needed if the other types of help and support is anything to go by.... I know families need houses etc but that's difficult

10 minutes ago, magnkarl said:

Not underwear but swimwear, budgie smugglers is the brand.