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/biz/ - Business & Finance

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22049439 No.22049439 [Reply] [Original]

Is this a good deal /biz/? 500k bong bux

>> No.22049456

>>22049439
UK housing market is a fucking bubble

>> No.22049472

>>22049439
>detached home
>next house is like 1 meter away

kek

>> No.22049503
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22049503

>>22049456
How can I become a London slum landlord?

3 million hong kong chinks are going to flood in to the country soon.

>> No.22049506

>>22049439
Even if the bubble doesn't burst that's a fucking shit place to live. No character, no soul, atrocious build quality. Not to mention the braindead neighbours. Move up north and buy a house with a bit of history in the countryside for half the price and double the bedrooms

>> No.22049557

>>22049472
https://www.rightmove.co.uk/property-for-sale/property-93596327.html

Good enough for someone to buy it

>> No.22049574

with the no stamp duty charge at the moment i think buying multiple shit places to do up and rent is a better shout.

>> No.22049656

>>22049456
This. You'd think niggers involved in crypto would be able to clearly recognize bubbles. The real estate shitcoin is pumped with tether-like money made from thin air by retail banks at tiny interest rates set by central banks.

>> No.22049689

>>22049656
They're never going to let it collapse.

>> No.22049691

god i fucking hate the housing jew in london

>> No.22049708

>>22049689
Ok boomer.

>> No.22049799
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22049799

>>22049439
Don't do anything until the new year OP, furlough scheme is ending End of October, so a lot of people will default on their mortgage payments. It may take some months but COVID has sped up the inevitable housing crash like we saw in 2008 "credit crunch" as they called it.

I myself actually threw half my house deposit into Link for a year, fuck having some jew bank hold onto it.

>> No.22049833

that probably doesn't even cover an interest only mortgage in rental

>> No.22049911

>>22049799
>so a lot of people will default on their mortgage payments
How long will it take for evictions to start happening?

>> No.22049961

>>22049503
is it confirmed that hk is moving to london?

i also heard a us senator said they should go to usa....

>> No.22049976

>>22049911
Q2 or Q3 next year

>> No.22050024

>>22049439
Getting a 404 on the image but where the hell is that worth 500k? That’s insane.

>> No.22050027

>>22049961
are the burgers handing out visas like candy to them yet?

>> No.22050073

Dude you can find good houses in relatively big cities like derby or newcastle for 80k-120k£

>> No.22050074

>>22050024
see: https://www.rightmove.co.uk/property-for-sale/property-93596327.html

>> No.22050078

>>22050027
was in thing in the news while back of uk/usa vying for hk-ers
personally, i'd worry that the chinks will imprison all hk-ers and send rural changs to act as commie infiltration army. immediately have all 3m apply for welfare + gibs + kill all dogs + spit on street

>> No.22050109

>>22049911

>>22049976 is right, but it could be even sooner as there's been 3 month Mortgage holidays which will expire soon too.

>> No.22050377

>Most people wfh so no need to commute
>Can buy anything you need online
>Can buy any food you want through delivery

Why the fuck are cities still needed and why are the rent/mortgage prices so high?

>> No.22050401

>>22049456
>UK housing market

There is no such thing as the "UK housing market".

There are several different markets within the UK.

>> No.22050462

>buying property in an Islamic nanny state

LOL

>> No.22050500

>>22049439
>paying money to live in the UK
kek

>> No.22050739

I'm a bong aswell and cannot make sense of the prices here. It's a clown country. house prices doubled in 20 years even after correcting for inflation. and you get, what? a narrow box with low ceilings and a garden overlooked by neighbours in every direction you can look. what is the point of the big garden? to sit out there and get watched by nosey gremlins next door? too cold for a pool. you need fucking MAKE IT money to buy a NORMAL SMALL BOX SHELTER. EXPLAIN THAT SHIT TO ME NOW

>> No.22050841

>>22050739
And don't even think about trying to make money through investing tax cattle, we're raising capital gains tax to 40%! (possibly)

>> No.22050904

>>22049472
Not sharing a wall is the main thing.
>>22049439
Hampshire
Ok
>3 bed
It had better have a diamond encrusted fireplace for 500k

>> No.22050960

>>22050841
It really is a disgusting situation, isn't it? The best I can think of is a victorian style flat up north. Bigger living space than the new build box houses and cheaper. But then you're stuck in a flat forever. Bit depressing. This whole country is depressing. Buy land up in Scottish highlands near the cost for 50k gbp and then you have to pay builders 300k to build a small box. I should go to Asia or something, I guess, but I'm a neet....... ah FUCK i hate my life

>> No.22050975

>>22049557
Doesn't necessarily mean they paid asking, most likely didn't. Check back in a few months when it shows up on the areas sale history for the actual price.

>> No.22051028

>>22050401

This.

South of England is not worth buying at all when there's other options on the menu. Timing wise, I'm holding off buying any property until Q4 2021 at the earliest. Need to let the recession play out first.

>> No.22051078

>>22050960
Been looking at houses with land in Wales, £500k minimum, but at least you get 5-10 acres. Really want to start a smallholding with my Link (staking) profits and leave this gay dying world.

>> No.22051111

>>22050960
You'd get a decent self build for 300k if you know how to cut a deal. Probably have to project manage yourself which is daunting and stressful if you're inexperienced.

>> No.22051117

Fuck, you England Bros get it rough. This is what a half million budget gets me here in Belfast
https://www.propertypal.com/the-praeger-ardavon-park-ardavon-estate-cultra-holywood/590115

Cheaper living expenses and pretty comparable wages to the rest of the UK (outside London), 6 figures for software engineer with 10+ years experience

>> No.22051156

>>22049503
More likely a few thousand

>> No.22051211

>>22050841
>we're raising capital gains tax to 40%! (possibly)
Source pls
And I'll sell my cryptos ASAP

>> No.22051224

>>22049911
You do realise that the last thing a bank wants to do is evict someone? The costs involved aren't worth it if there even a fucking slight chance the lender can repay. Don't count of getting some foreclosed house, they'll be snapped up by investors before you even see it hit Zoopla.

>> No.22051225

>>22051117
Probably not worth getting kneecapped by the IRA twice a year

>> No.22051254

>not just getting rich off link and buying a 200 acre farm in yorkshire
ngmi

>> No.22051280

>>22051211
There were a couple of threads about it yesterday, it's just a rumour at this point and might just apply to second houses. But knowing the UK government expect to be fucked in the ass.

>> No.22051355

>>22049456
Mass immigration will keep it going forever

Soon a flat within a complex will be 2 million

>> No.22051358

>>22050841
They can't raise things past about a third of income. Otherwise tax avoidance schemes increases past a certain limit. It becomes financially viable to uproot your life and go live somewhere else and cash out there instead. Something like £800bn a year total tax revenue, is their max for now.

>> No.22051399

>>22051358
I'm aware it's possibly just a rumour, I simply have no hope of this (or any) government not trying to leech as much wealth as possible from anyone slightly successful.

>> No.22051407

>>22051225
kek, probably safer than London

>> No.22051453

>>22051225
I'm English and I lived in Belfast 4 years. You'd be surprised, living standards, coat of living etc is way fucking better. I fucking hate England. Fuck all sandniggers there too, if you learn to get along with the locals and not be a flag waving low iq /Pol/ tard it's the best place in the UK personally

>> No.22051548

>>22051280
I feel like they have some sense left. I think the one thing I can rely on bullingdon club Boris to do is to make sure capital gains stay competitive. Because at this point they are literally no different to corbyns labour with the Gibs and taxes.

>> No.22051829

>>22049456
Yep, but these prices are here to stay [<-15% max]

>> No.22052517

>>22050377
People in the US are emptying out of denser cities for the suburbs or rural areas near a city. Whats funny is all these new "urban mixed-use apartments" in my area are still charging high rent. Yeah I live in a desirable city but even online the vacancies are getting higher and higher

>> No.22052622

>>22049911
Not sure how it works over in bongland, but in the US it differs from state to state and depending on the city itself. Since the 07/08 subprime mortgage collapse, banks have to be a lot more careful when it comes to evicting tenants, slowing the moveout process. If you're in a major city though, it's infinitely slower and painful with all the red tape involved. General rule of thumb though is the more left the city is, the more difficult the eviction process.

My ex's aunt bought a rowhome in DC and was planning on renting out a 2 bed, 2 bath basement apt with its own private entrance until she read up on the renting rules. The laws were heavily stacked in the renters' favor and evicting someone would take months. Apparently you can get away with only paying 10% of the contract rent without breaking the lease and if it did get to a point where you could legally evict them, it would take months before you could use police force to get them off the premises. Which even then, there were strict rules they'd have to follow. She ultimately decided to just put it up on Airbnb, making less money overall, but still the better alternative knowing your payments were guaranteed and she wouldn't have to deal with any deadbeats who refused to pay rent and decided to squat.

>> No.22052729

>>22050027
They've been doing it for chinks, pajeets and joggers for the last 55 years. It's only been since Trump came into office that he started slowing down the H1B visas and has grinded immigration to a near halt since Corona.