Owning your own home

👌 and sub-£300 but not brass. Do u even read the brief bro?

I'd have thought that inflationary pressure is going to be high?

There will be some inflationary pressure. But my gut reaction is that it will be more than counteracted by reduced spending due to lockdown and reduced discretionary expenditure due to people feeling financially insecure, added to the deflationary effects of a truly epic recession. If I was the BoE Chairperson I'd be inclined to say 'fuck it, go big or go home'. I'm not, however, which is probably just as well.

I'd normally say that turkeys don't vote for Christmas

Over 100 years of mostly Tory governments suggests fairly strongly that they do. Cheerfully, happily and in some cases vehemently.

Just think if they did.
They'd invest in the infrastructure of the NHS, get a green Revolution going, ease inequity, tackle poverty (of thought, food, and broadband).

Wouldn't they?
I mean. They wouldn't piss the money up a friend's wall would they?

Given how well the UK's sovereign wealth fund is doing compared to Norway's, I'm sure you're right. Wouldn't be spent on tax cuts for the wealthy. No siree. Or spent covering up the collective self-harm project that is Brexit.

Exactly, I for one can't wait to be given free education and a brilliant health care system. Right after classic Dom gets the data nerds involved in managing the money.

Third valuation last night much nearer to the higher end of the first. Which is now making me wonder why the first valuation so much lower in the first place.

Confused.

Also have valuations booked in today, how exciting.

Go with your gut on what the place is actually worth - you can use land reg / Rightmove etc to figure it out.

so much this.

and just go with the EA that seemed like the lesser cunt.

There will be some inflationary pressure. But my gut reaction is that it will be more than counteracted by reduced spending due to lockdown and reduced discretionary expenditure due to people feeling financially insecure, added to the deflationary effects of a truly epic recession. If I was the BoE Chairperson I'd be inclined to say 'fuck it, go big or go home'. I'm not, however, which is probably just as well.

Be interesting to see (although being in the middle of the Petri dish is uncomfortable), food will be more expensive, fuel (albeit at historic lows at the moment is dollar denominated, and when $1=£1 that's going to be painful) will be more expensive, energy will be more expensive, raw materials will be more expensive.

And, into this, the clear intention is to allow employers to drive down wages and benefits for workers.

I had a pretty good sense of what my place was worth by just looking on Zoopla/RM

Briefs are for peasants and philistines, Sir...

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Wow.

From the picture I wouldn't have been surprised if it was Sainsbury's Home or Dunelm.

I'd be curious as to whether it works 10x better than my toilet roll holders.

It's pretty unremarkable, isn't it? Classic Modernist design has been eaten up by the mainstream...

My toilet roll holder is a rip off of this...

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One important thing about Joint Tenancy that hasn't already been made clear is that each of the joint tenants technically owns the entire property, so in the event of the death of another JT not only does ownership revert, the property does not form part of the estate and cannot therefore be included in any inheritance tax calculations.

You want JT unless you're buying with mates rather than a partner and want each person's ownership to be completely defined.

For surveys, if it's a freehold house get at least a survey done, and ask for estimates of any work needed. I was very pleased with these guys: https://goldcrestsurveyors.com/. As has been said NHBC is a club for builders, not a guarantee.

The tip may be a source of methane, but it probably isn't.

The French do this and their housing market has been stagnant/falling for 12 years.
The side effect is that people produce a lot of receipts proving they have spent more on the work to bring it up to the selling price than any profit, and they usually flog the wardrobes and beds to the buyer for €10,000 euros to reduce the headline selling price.

This seems a good result to me. Why should the value of property continually rise 100x faster than GDP or wages??

There's two things going on here:

1. as BQ says, people just expense the shit out of everything and the tax take drops

2. The French don't let anyone in* and they don't like foreign buyers; the cost of housing is largely defined by demand and there isn't any, by design, except for the obvious hot spots

The two aren't related, the policy on charging CGT on property profits does not contribute to lowering demand, it just lowers the tax take.

* in comparison to our historically liberal immigration policies

in the event of the death of another JT not only does ownership revert, the property does not form part of the estate and cannot therefore be included in any inheritance tax calculations.

I'm no tax specialist, but this is definitely not correct. If it was, half of the elaborate IHT avoidance schemes out there would be unnecessary.

I'd have thought that inflationary pressure is going to be high?

Nah KitKat chunky is just going to get even smaller.

Plasterers are struggling a bit.

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There's so much data out there that if your property is pretty standard you can come up with a decent valuation yourself.

I'd choose the estate agent based on how communicative they are, how pro-active at getting people in, fees, etc rather than valuation.

You can still put it on at whatever price you see fit regardless of who you go with.

One important thing about Joint Tenancy that hasn't already been made clear is that each of the joint tenants technically owns the entire property, so in the event of the death of another JT not only does ownership revert, the property does not form part of the estate and cannot therefore be included in any inheritance tax calculations.

This isn't correct, it's still subject to IHT.

You may be getting mixed up with no IHT payable if it's left to a husband or wife.

Oh, it's the husband and wife thing I was thinking of. forget I posted.