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Reddit discusses UK House prices


Durabo

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12 minutes ago, spygirl said:

That 900/m and 47k will means hes paying 450/m of tax on that 900/m rent.

Probably on PAYE and doesn't declare the additional income.

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Chewing Grass
40 minutes ago, spygirl said:

The Other Site.

 

44 minutes ago, Durabo said:

What does ToS stand for?

Most don't go there anymore...

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Wight Flight
6 hours ago, Durabo said:

I wonder if this is playing out across the wider economy, and in what numbers?

Someone is paying £900 per month for a £230k house?

The LL is an idiot. Clearly at that rent the house is worth £500k + and he should tell his uneducated bankers that.

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ninjaborrower

Theres definitely something in the air,, poringland just south of Norwich has been a construction site for the last 8 odd years, major sites going in,

 The largest one on going at the moment is only half complete and the developer has parceled off the remaining site and trying to offload the land

 They dont seem to keen on completing it

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19 hours ago, ninjaborrower said:

Theres definitely something in the air,, poringland just south of Norwich has been a construction site for the last 8 odd years, major sites going in,

 The largest one on going at the moment is only half complete and the developer has parceled off the remaining site and trying to offload the land

 They dont seem to keen on completing it

there's houses being built on brownfield in Failsworth where they've changed owners several times. It's about four years since they started and still they're not quite finished. A local PC suspects it's some money laundering thing.

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4 hours ago, sarahbell said:

there's houses being built on brownfield in Failsworth where they've changed owners several times. It's about four years since they started and still they're not quite finished. A local PC suspects it's some money laundering thing.

How many houses are they building? IIRC they never build more than 150 a year max per large site as an average, so a 600 house development (fairly large) takes 4 years. They do this to keep the supply low, despite the fact that the government has increased housebuilding rates markedly, to up supply.

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