Sunday, 01 February 2015

Realist,Surrey

Realist,Surrey

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Comments (2005)

  • Comment on: Landlord to sell homes 'left empty by the bedroom tax'

    Realist,Surrey's comment | 30/01/2015 4:32 pm

    Another issue is that ownership presumably means paying full CT @ circa £1500 pa at a guess.

    Private 2 bed lets in the area start at circa £400 monthly - and are impliedly in far better condition than these empty homes needing a complete refurb - and from friends locally I understand social rents are in excess of £400 monthly.

    That same £400 monthly covers a 100% Repayment Mortgage at 5% interest for the sum of say £68,000. You can even get a semi within that price point.

    In Horden today Rightmove has 2/3 bed houses from 30k upwards (27k being auction reserve on a couple of others)

  • Comment on: Landlord to sell homes 'left empty by the bedroom tax'

    Realist,Surrey's comment | 30/01/2015 9:55 am

    I suspect also that in a deprived general area such as the Horden surrounds - that many of the younger adults with "get up and go" have literally done that in past years and left the area in search of better opportunities - thus maybe leaving a rather older demographic in their wake.

    One sees a similar outcome in Eire and Wales - with young adults in Eire especially seeing emigration as the sole opportunity once they finish their education - and that has been the case for centuries.

  • Comment on: Landlord to sell homes 'left empty by the bedroom tax'

    Realist,Surrey's comment | 29/01/2015 4:36 pm

    A quick look on line at property prices in Horden suggests a 3 bed terrace can be bought for around £27k - so £20k refurb costs make them virtually worthless.

    The commercial value suggests that there is little paid work available in the area - though as suggested above London councils could find them useful to house the homeless who can not afford to be in London.

  • Comment on: Blaming the victim

    Realist,Surrey's comment | 29/01/2015 12:25 pm

    One can only conclude that the "dinner guest" was not a parent - since otherwise the relative extra difficulty for today's young aduts would be all too apparent.

    Even so - the attitude was singularly uninformed - especially so on incomes - where the average wage today - in REAL TERMS - is maybe a quarter of what it was say 40 years ago - in relation to cost of housing and pensions.

  • Comment on: Blaming the victim

    Realist,Surrey's comment | 29/01/2015 12:25 pm

    One can only conclude that the "dinner guest" was not a parent - since otherwise the relative extra difficulty for today's young aduts would be all too apparent.

    Even so - the attitude was singularly uninformed - especially so on incomes - where the average wage today - in REAL TERMS - is maybe a quarter of what it was say 40 years ago - in relation to cost of housing and pensions.

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