/biz/ - Business & Finance

>>51647385
but but what will happen to all that sandia oil money that bought houses over the last 10 years?

I live in a small town of around 5000 people and there isn’t a single property to let right now. In the neighbouring “city” of Dunfermline with a population of 45,000 there are only about twenty properties to let. I’m shitting myself that my landlord will decide to sell my flat and I’ll end up homeless. It’s not so easy as going to the council as homeless, I’d have to pay through the nose for a scatter flat and I wouldn’t be entitled to housing benefit. I don’t have enough to pay for a mortgage deposit.

Seriously, fuck this.

>>51647592
>living in Scotland
I'm so sorry.

>>51647643
It isn’t so bad. I live right next to Edinburgh which is a lovely city for the most part.

Covid rules protect me to a large degree as a tenant and my rent is cheap. But if the landlord decides to move back in that would allow them to evict me.

>>51647785
If your rent is cheap you must have managed to save enough to get through hardship? You're not a consoomer are you?

>>51647592
>Dunfermline
Do bri’ishes really?

>>51647592

>tfw still living with my parents in my thirties

should have taken the cosy pill

I have a mortgage meeting booked for the 6th.

Ffs ;;

>>51647846
I was a full-time masters student until three weeks ago when I started my first graduate job. I worked in a call centre over weekends to finance that. I’m in the black and I have a few grand saved up but not nearly enough for a deposit. I do need to do better about consooming though, I’ve made up my mind it’s time to tighten my belt.

>>51647939
Based. Fuck jews.

>>51647939
Nice reaction image.

My parents are split up. My mum lives in a flat you couldn’t swing a cat in and my dad’s girlfriend wouldn’t be best chuffed with me moving in.

>>51647984
Damn haha what

>>51647385
if people are getting taxed less don't they have more money to pay interest payments on homes? what am I missing here

>>51647592
Greetings Inverkeithinger. My mother is selling all her rentals because it makes no sense to keep them. Rental laws are much better in England.

Normies that sold themselves to the usury jew are about to get rekt.

I love this timeline.

>>51648106
>Greetings Inverkeithinger
Greetings, it is indeed Inverkeithing.

>rental laws are much better in England
For the tenant or the landlord?

>>51647984
Time to get tight as fuck, at least for the next year. Save money where you can on subscription etc No more coffee/food out unless it is a treat. Food for work is now prepared from your bulk buys from Aldi or similar. Only essential items. If you do this and still fail well you gave it your best shot and you'll bounce back faster when things turn.

>>51648248
Cheers man. I’ll do my best.

>>51648283
You can do it, it's easy once you start
Some people I work with will spend £5 or more some days on lunch, I roll my eyes so fucking hard that they do a full spin when they complain about having no money or that they can't have food out because it's near end of month and they need to get paid, also when some say they're spending £60 a month on a new phone or whatever, I struggle to understand how they don't see why they are always strapped for cash

>>51648397
Aye, I’ve been good about lunches lately. Working from home the majority of the time makes it very easy to prepare cheap lunches. I also can’t fathom people paying £60 a month for a phone, the bulk of the younger people I worked with in the call centre were doing that and we were on shit pay.

>>51648397
don't have nice things goy eat sawdust and buy a google pixel

>>51648517
Aye m8 da fackin inflaytion has really put my knickers in a bungle

>>51647385
>>lenders unwilling to lend money
>>mortgage rates shooting up to 5%+
That's why they lifted stamp duty. It's to entice BTLers and private equity cash buyers to scoop up all the repossessions, thus propping-up prices.

>>51648640
which won't work because UK housing was always going to tank the second the USA force them to raise rates. This is why Bailey is delaying, he knows

>>51648165
Based

>>51647385
I should have sold 3months ago when prices where high, and rented for a while.

Oh well.

>>51648246
For the landlord. Tenants can leave any time within a month, agents are awful, more bureaucracy than 5 years ago. If a tenant doesn't pay there isn't much you can do. My mother would have been better off working at Greggs full time than dealing with 4 properties.

Gotta love Fife though. Would never go close to Glasgow.

>>51648027
gah another victim of divorce, suddenly options wittle away because there's no strong family bond
I know it all too well

>>51647385
no buyers neither, not many kids wanting to get their feet wet in this market
many will probably hold out until covid is well passed us and we claw back one iota of normalcy pre-covid (which is a fair bit optimistic)

>>51648106
fuck all parasitic landlords

>>51648919
Yeah, I worked for Fife Council contact centre, hearing what the worst tenants get up to first hand put me off ever letting out property if I was to ever be in a position to afford it. All it takes is for some mad cunt to trash or flood the place and you’re out thousands.

>>51647385
If something happens to the Deanos i'm gonna kill everyone in this country.

>>51648397
For every one saver there are ten breakeveners and 100 debtors

>>51648397
cost of living is high and pay is low for most people, but yeah the biggest problem is that financial soundness is something the UK hasn't had since before the great wars
the public and private psyco-borrowing is all a giant game of hot potato and >>51649087
it's so easy to save money but most people are financially illiterate, compulsive spenders, and live for the moment and never within their means

but it's systemic and HS2 is the most perfect example of it
>never built one and we aren't contracting out to those who have
>not building it from south-to-north where it'd be cheaper to learn and fix problems early
>from hundred millions to a few billions, and in a decade or so, a billion or two
>public money to finance it; then handed over free of charge to a private company to operate it
>most of the public won't be able to afford to ride the fucking thing
HS2 is a project done in bad faith and the aim is purely to allow politicians to excuse themselves when they piss the coffers dry; you can bet your ass politicians are getting kickbacks from all this
but this is indicative of broken britain, and the electorate loves it for some reason

>>51648590
Lol. I have plenty nice things bro, actual nice things like my home, my marble fireplace, art, PM's, BTC, all my good quality tools, my non financed car, I could go on. I attribute all of this to.. not spending it on stupid shit. That's all.

>>51649262
>my marble fireplace
Sounds comfy anon. My parents were briefly rich when I was a kid, we stayed in a flat in Edinburgh’s west end that would set you back well over £800k now. That had two marble fireplaces and the biggest living room I have ever seen. I miss it.

>>51648397
shove your slave morality up your arse

>>51649370
>flat
>sharing walls with other people
>nowhere to park your bmw, merc or audi

>>51647385
Russia is not having any gas issues.
https://www.youtube.com/watch?v=NbSONCdOrNs