Energy price cap

[Sutton]

1 hour ago, Big J said:

I think it's generally always been understood that the Conservatives are nasty, but they are financially prudent. A necessary evil.

 

But with Truss's bonanza for the rich tax-cut giveaway, where is the prudency? It just leaves nasty....

 

I know I've never been the UKs cheerleader, but now I'm on the outside looking in, it seems more f*cked than ever. I genuinely have no idea how the public debt or deficit will ever be tackled. How can the government justify continuing to borrow on our children's future?

As our resident rationalist, and given your well known views on our housing stock, how would you advise someone caught in Eggsie's dilemma?

And remembering, bricks and mortar in the UK are "safe as houses" in times of trouble, lets try and be practicial? 🤣

He has to watch inflation, interest rates, the media mood for Liz Truss, the local economy and lord knopws what else.

What does he do?

(Only an irredeemable cynic would say he has to wait for the repossessions to start and scoup up something nice at a bargain price at auction)

[Retired Climber]

1 hour ago, Sutton said:

As our resident rationalist, and given your well known views on our housing stock, how would you advise someone caught in Eggsie's dilemma?

And remembering, bricks and mortar in the UK are "safe as houses" in times of trouble, lets try and be practicial? 🤣

He has to watch inflation, interest rates, the media mood for Liz Truss, the local economy and lord knopws what else.

What does he do?

(Only an irredeemable cynic would say he has to wait for the repossessions to start and scoup up something nice at a bargain price at auction)

A lot of auctioned properties are cash only. You can't get a look in if you are skint. 

[eggsarascal]

17 minutes ago, Retired Climber said:

A lot of auctioned properties are cash only. You can't get a look in if you are skint. 

What he said was, someone in my dilemma. I've got some money from the sale of my last place, and I can get a mortgage for the rest, but I'm not getting back on the housing ladder atm. Waiting for others to go nap isn't a bad idea.

[coppice cutter]

2 minutes ago, Big J said:

 

 Yes, old cars are beautifully designed and of historic importance, but you certainly wouldn't want to 'daily' them and you definitely don't want to be anywhere near it in a crash.

Equally, some older cars will still be going long after lots of the stuff sitting in the showrooms today has gone in the crusher.

 

The 'quality' of some newbuilds is atrocious.

[Steve Bullman]

3 minutes ago, coppice cutter said:

The 'quality' of some newbuilds is atrocious.

We plan on moving about a year before our 10 year nhbc warranty expires 

[coppice cutter]

13 minutes ago, Big J said:

 

As regards Eggs' dilemma, I'd suggest self build if possible.

Self-build mortgages were almost impossible to obtain even before the latest carry-on.

 

Daughter and Son-in-law are nearing the end of their own build which they've had to do without a mortgage, and that despite having over £70k of savings to begin with and owning the site.

 

Every application they made for self-build finance was refused.

 

There's been a lot of juggling and gathering up to get them to the end of the build.

Edited October 2, 2022 by coppice cutter

[Steve Bullman]

5 minutes ago, Big J said:

 

All credit to them for seeing it through. They can be very proud of themselves.

 

How depressing is it though that the government is only too happy to throw money at us (help to buy) so that we can buy shitty, mass-produced new builds but there is no support for people wanting to do it themselves. It's almost like the housing companies lobby the government to enact policy that makes them more money..... 🤔

Help to buy has to be a massive money earner for the government. New house prices are at a premium anyway, and they know full well that most people won’t pay off the help to buy within the lifetime of the mortgage. They’ve seen to that by stipulating it can only be repaid in either 1 or 2 lump payments. So most people are going to end up paying the government £100 a month interest for a number of years, then when they eventually sell the government make a nice bit of profit from their percentage stake in the house 

[coppice cutter]

11 minutes ago, Steve Bullman said:

We plan on moving about a year before our 10 year nhbc warranty expires 

That bad?

[Steve Bullman]

Just now, coppice cutter said:

That bad?

There’s bits and pieces we aren’t happy with. The general quality of everything is poor. If you look at the skirting board funny then lumps fall off. Kitchen might have another 3 years in it before it starts looking pretty tatty. Our outside wall round the garden is falling over. Building company have been aware of it for nearly 2 years ago and it’s apparently ‘in hand’…will get a pic later. House itself is rendered which makes me wonder what the brickwork beneath is like.

 

overall it’s just the unknown 

[coppice cutter]

6 minutes ago, Big J said:

 

All credit to them for seeing it through. They can be very proud of themselves.

 

How depressing is it though that the government is only too happy to throw money at us (help to buy) so that we can buy shitty, mass-produced new builds but there is no support for people wanting to do it themselves. It's almost like the housing companies lobby the government to enact policy that makes them more money..... 🤔

Thanks, and yes it is a credit to them.

 

I take your point about government supporting the building of shitty mass-produced new builds, but then what is the alternative.

 

Can you ever begin to imagine the waste and inefficiency of a public house building body nowadays.

 

No easy answers I'm afraid.