The grumpy thread

[GrumpiusMaximus]

Jealousy can be an ugly emotion. They're driving 7 and 8 year old cars... So what?

 

Just be happy with your home.

 

 

I'm very happy with my home and I've no desire for a BMW or a Merc.

 

I'm just irritated at how much they want to let it out for.  It's eye-watering, even for around here.  For a small three-bedroom house they're asking for over a grand.  We're under the auspices of Dover District Council, which isn't usually regarded as particularly affluent...

 

On the one hand, it demonstrates that our house is worth more now than we're paying for it.  Apart from the inevitable housing bubble burst, it genuinely upsets me that people that should be able to afford to buy their own homes are conned out of being able to save for a deposit by money-grubbers asking for just shy of twice the monthly mortgage repayment.  I think it's disgusting.

 

Lady Grumpius and I have said in the past that if we ever were landlords, we'd let out for a profit but certainly not anything excessive like next door are trying.

 

You make a good point there, Chase.

 

I'm also fucked off because my car is in one of the pictures of the house because of the shared drive.

[New POD]

Fucked off.

 

New build house in an area where there's a housing shortage, particularly for small houses because there isn't anything Council any more.  We've bought ours.

 

Turns out the house next door (that sort-of-shares our drive, we have half, they have half it's between the houses) that have literally just bought are letting their one out.

 

For nearly twice the monthly mortgage payment.  It's essentially identical to our's, bar one minor detail.

 

Gouging.fucking.bastards.

 

Plus I have no idea who our new neighbours will be.  Why the fuck is this allowed?

 

To qualify for Interest only Buy to let mortgage requires 25% deposit, EXTRA 3% Stamp duty and Income of £25K not related to letting at somewhere between 3% and 3.6% interest rate. 

 

It's allowed because savings rates are SHITE, the stock market is over heated due to savings rates and will burst post brexit and people need houses to rent, and they haven't saved a 10% deposit or/and don't have the credit rating. 

 

£200K house, Mortage intersest is about £450 a month, rent is £900, so profit is about £4500 a year with a £60K investment, or 7.5% return on investment. Now house prices can go down and on new builds usually drop for 5 or 6 years, but always seem to go up long term, so they'd make more long term. 

[New POD]

You never know, the new neighbours may turn out to be top folks who like chod.

 

The people I have rented a nice house to, have been very nice.  

[GrumpiusMaximus]

To qualify for Interest only Buy to let mortgage requires 25% deposit, EXTRA 3% Stamp duty and Income of £25K not related to letting at somewhere between 3% and 3.6% interest rate. 

 

It's allowed because savings rates are SHITE, the stock market is over heated due to savings rates and will burst post brexit and people need houses to rent, and they haven't saved a 10% deposit or/and don't have the credit rating. 

 

£200K house, Mortage intersest is about £450 a month, rent is £900, so profit is about £4500 a year with a £60K investment, or 7.5% return on investment. Now house prices can go down and on new builds usually drop for 5 or 6 years, but always seem to go up long term, so they'd make more long term. 

 

 

Interest-only buy-to-lets aren't usually advised by decent mortgage brokers for a damn good reason.  Subsequently the interest rates are eye-watering compared to even a basic repayment mortgage at 5% deposit.  Ours is well below 2%.  Also, there is a major stamp duty exemption for first-time buyers.  Ask me how I know.

 

Deposits are impossible to get because of money-grubbing gits asking twice the monthly repayment.  I've been bloody lucky to have been gifted a large sum from elderly relatives and that's how I've been able to afford my house with Lady Grumpius - who earns decent money.

[GrumpiusMaximus]

Who is being conned? People will be making up their own minds whether they want to pay it or not.

 

And theres a picture of your car on the internet? Heaven forbid. The same one you put a video of on the internet?

 

 

Sure.  I don't mind there being a video of my car on the Internet.

 

I do mind when it's my house it's in front of, the address is listed and can be found easily on a search ranking.  If I still worked in mental health, I'd be tearing the agents a new one over my right to privacy.  As it is, I'm still fucked off because I don't want anyone at work finding my address.

 

And Nyphur, a lot of the time people don't have the choice over how much they pay because the housing market is all manners of fucked by artificial value - and I say that as a new home owner.

[Eddie Honda]

Glad you're ok.

 

for some reason I popped the bonnet!

 

Well done.

[New POD]

 

 

Lady Grumpius and I have said in the past that if we ever were landlords, we'd let out for a profit but certainly not anything excessive like next door are trying.

 

 

Your wife sound like mine.  Going rate is £725, through an agent. We don't use an agent, and charge £675. 

Interest is £300, Insurance is £25 so we pay tax on £350, my 10% share costs me  £14 in tax and my Wifes 90% share costs her £63  in tax.  

Then I pay £350 toward paying off the mortgage so in the short term we are loosing £78 every month. Long term, we will own it with no mortgage. I am also budgetting £1000 in maintenance and repairs as an average per year. 

[New POD]

Money-grubbing gits 

 

No offence taken   

 

In reality, if you'd paid off your own mortgage, saved up enough for a deposit and were getting 2 tenths of feck all in an ISA wouldn't you think about it? 

[GrumpiusMaximus]

Your wife sound like mine.  Going rate is £725, through an agent. We don't use an agent, and charge £675. 

Interest is £300, Insurance is £25 so we pay tax on £350, my 10% share costs me  £14 in tax and my Wifes 90% share costs her £63  in tax.  

Then I pay £350 toward paying off the mortgage so in the short term we are loosing £78 every month. Long term, we will own it with no mortgage. I am also budgetting £1000 in maintenance and repairs as an average per year. 

 

 

I have no problem with people making money on letting out houses.  That's quite reasonable and of course it's going to cost a landlord more than just the mortgage repayment.  In your position, I'd probably put the rent up to £750 or so but that's none of my business.

 

The last landlord I had was a great chap who had converted some outbuildings into a small house.  It was absolutely lovely and he couldn't sell it separately as it was attached to his house.  Any time I had a problem, he was straight round to fix it, no questions asked.  He also kept vintage motorbikes and invited me to shows.  He charged us £700 a month.

 

For that money, I could have just about let out something half the size in Ashford with on-street parking and a view of an industrial estate.  Instead I had parking and views of fields for miles around.

 

Not all landlords are bastards and I would expect a return on my investment, of course I would.  It's better than sticking it into an ISA - I quite agree.

 

Their mortgage will be around £560, tops.  They're asking for £1,050 a month for it.

[GrumpiusMaximus]

Hah!  I know the search you've done.  It's fair enough.

 

I am getting riled about it, I know.  I also know that most of the kids at work know whose car it is because I park in a separate, 'special' car park...

[GrumpiusMaximus]

Surely there's a market?

 

The market will set the rent. If it is excessive, they won't let it.

 

 

The market is speculative as much as anything.  People will pay 75%+ of their monthly income to rent around the South-East sometimes.  So it might get let out but potentially at huge cost to the tenant.  The 'affordability' checks they do on tenants are an absolute joke and around here, options are limited.

 

I get what you're saying but it just serves to further stratify the housing market.

 

Then again, I am quite a long way to the left, politically speaking so of course I have an inherent bias to my thinking.

[GrumpiusMaximus]

A long way to the left, but have just bought your own new build three bed house, further "stratsifying" - whatever the fuck that is - the housing market.

 

Fuck off

 

 

And I've fully admitted to this.  Security and to save money, if you're actually interested.

 

No need for that at all.  Not sure why you've decided to resort to playground insults.

[chaseracer]

No need for that, BR...

[GrumpiusMaximus]

Don't give us all this "long way to the left" shite, then.

 

 

What's it to you?  Really?  Why do you even care?

 

Just because I happen to be a socialist doesn't mean that I can't own my own home.

[sierraman]

I'm not sure where you expect people who can't afford to buy a house to live. If its all the same we'll stop in a tower block then.

[BavarianRetro]

You're right. I don't.

[GrumpiusMaximus]

You're right. I don't.

 

 

You evidently do because you keep harping on about it.

[chaseracer]

Let's stop this here, shall we, gents?

[GrumpiusMaximus]

Let's stop this here, shall we, gents?

Fair enough. Dropping it now.

[Kiltox]

Fucked off.

 

New build house in an area where there's a housing shortage, particularly for small houses because there isn't anything Council any more. We've bought ours.

 

Turns out the house next door (that sort-of-shares our drive, we have half, they have half it's between the houses) that have literally just bought are letting their one out.

 

For nearly twice the monthly mortgage payment. It's essentially identical to our's, bar one minor detail.

 

Gouging.fucking.bastards.

 

Plus I have no idea who our new neighbours will be. Why the fuck is this allowed?

Sorry but as a (previously called on here) cunt bag landlord, you should’ve researched that beforehand. The flat I’m buying in Gloucester wouldn’t rent because the rent would need to be 1.5x what is acceptable.

 

Your tenants will more than likely be respectable professionals as I have been for my past 6 years renting BTW - renting high end properties that are only available to good earners with good history of paying their bills (and in my case, improving the landlord’s property at my own expense)

 

EDIT - I didn’t read previous posts. There’s no hate here;

I’m trying to see positive in your situation as per my second paragraph.

 

PM me if you need help with difficulties because I’m well versed in both tenant and landlord.

[New POD]

Let's stop this here, shall we, gents?

 

Anyway, I'm staying in a Hotel in Bradford.  The place is empty because it's not really a hotel but the Bradford University Management Centre conference centre, and when I decided I needed to stay tonight, I went on Hotels.com and booked the nearest place that had carpet. It's empty. There's probably 50 rooms and 4 cars in the car park.  That means that 40 plus rooms are empty. What about the Homeless ? They could have a shower and a bed for the night. 

 

I'll get my coat

[cros]

I went into a camping shop today and there was a big display of hot tubs. I've never looked at such things before, but not only were they were hugely expensive but some had little tables to rest a plate on and glass holders for your booze. Am I to understand that people still have an appetite as they bob about in a bubbling vat of other folks bodily fluids? Different strokes and all that.

[somewhatfoolish]

This is why the water in hot tubs is filled with chemicals that remove your skin and turn hair a funny green colour, to avoid sharing exotic bacteria and other exciting flora and fauna. 

[Tadhg Tiogar]

....Not all landlords are bastards...

...and not all tenants are harmless.

[yes oui si]

Different strokes and all that.

Keep that until you get out the tub.

[omegod]

This morning at 7 AM I began preparation for a colonoscopy by way of Nuclear strength laxative potions, nothing has happened as yet, it feels like knowing I'm going to get mugged in the next hour but not being quite sure when or where. Next dose is due at 11     

[cros]

Keep that until you get out the tub.

Dont worry, I wouldn't be getting in. I've got it, the real reason for the growing popularity of hot tubs is that, like hippos, many humans can only copulate in water these days.

[cort16]

Glad you escaped the Volvo fire okay what a pisser. I’ll be scratching them of the list then

[fairkens]

This morning at 7 AM I began preparation for a colonoscopy by way of Nuclear strength laxative potions, nothing has happened as yet, it feels like knowing I'm going to get mugged in the next hour but not being quite sure when or where. Next dose is due at 11

Been there, I'd like to say this is the worst bit but....

 

Aloe vera bog roll and those weird washlet things are def your friends for the next 12 hours

[yes oui si]

This morning at 7 AM I began preparation for a colonoscopy by way of Nuclear strength laxative potions, nothing has happened as yet, it feels

 

like knowing I'm going to get mugged in the next hour but not being quite sure when or where. Next dose is due at 11

Picolax?

 

They could have sent a BBC Natural History crew up me after that and I would never have noticed.