1. avatar Estrella Ojos
    Can anyone explain this:
    http://belfast.gumtree.com/belfast/35/7568935.html
    Sorry I didn't put this up any sooner as someone could be 400 quid better for it.


    For those real men with hot bodies:
    http://belfast.gumtree.com/belfast/46/7693046.html
    Let me know if you end up going for it.

    Gumtree... hours of entertainment.
  2. avatar chrisjedijane
    [quote:e73149a4b0="Estrella Ojos"]Can anyone explain this:
    http://belfast.gumtree.com/belfast/35/7568935.html
    Sorry I didn't put this up any sooner as someone could be 400 quid better for it.
    [/quote:e73149a4b0]

    I think they pay people to wait outside the estate agents' for a couple of days prior to the release of a development so that they can get the best houses or whatever. When I was coming out of the pavilion at about 12:30am on sunday there was about 25-30 people camping outside the estate agent's across from it, so I presume that's what it was.
  3. avatar gl2200
    [quote:f488da8ce4="Estrella Ojos"]For those real men with hot bodies:
    http://belfast.gumtree.com/belfast/46/7693046.html
    Let me know if you end up going for it.

    Gumtree... hours of entertainment.[/quote:f488da8ce4]

    'genitalia in subtle location'?
  4. avatar Estrella Ojos
    [quote:b5e6adadc4="chrisjedijane"][quote:b5e6adadc4="Estrella Ojos"]Can anyone explain this:
    http://belfast.gumtree.com/belfast/35/7568935.html
    Sorry I didn't put this up any sooner as someone could be 400 quid better for it.
    [/quote:b5e6adadc4]

    I think they pay people to wait outside the estate agents' for a couple of days prior to the release of a development so that they can get the best houses or whatever. When I was coming out of the pavilion at about 12:30am on sunday there was about 25-30 people camping outside the estate agent's across from it, so I presume that's what it was.[/quote:b5e6adadc4]

    I suspected such things. I like the bit: "I will bring you a warm meal each evening." Such a sweetheart. After sitting around day & night for 5 days, such a considerate thing to do. LOL.
  5. avatar Pete
    Without wanting to start a conversation more suited to a middle-aged, middle-class dinner party... is the property market that screwed up that people have to queue for developments like they would for Westlife tickets??

    I saw them all camped outside the Halifax opposite the Pavilion on Friday and thought they must be protesting about something. The truth is more bizarre.
  6. avatar my-angel-rocks
    Yes, its fucked.
    a grand a day the prices are going up they say
    With NI being the biggest increase.

    I blame the english property developers myself
  7. avatar Ratoot
    Andytown Halifax is the same.

    Madness. Sheer madness.
  8. avatar LittlrockAx
    This isn't a new thing. I remember friends of mine having to queue for the pick of sites on a development and that was maybe 12 years ago. I think you just have to queue longer now. I also suspect that "property developers" are now doing anything to get the initial purchases so they can resell at a mark-up to the people who actually want to live in the feckin thing.

    I know at least one person who engages in this practice. They buy a new development house and just sit on it for a month or two. Spend a few hundred painting it and carpeting it. With the market here the way it is there is always gonna be someone who will sink themselves to buy it at the new inflated price.

    For someone like that it's much easier to pay someone £400 to stand for a week in the cold than do it yourself (not that you should be doing it at all imo, but that's the way of the world)

    When I bought my last house (2 years ago) it wasn't a concern cos I simply couldn't afford anywhere near the price of a new development house. To give you an idea they were looking for £350,000 for a semi-detached 3 bedroom house near me (not much gardens, smallish rooms - nothing special - 2 years ago!!) If you wanted the luxury of not having anyone nextdoor then you didn't get much change out of 0.5 million. Now that's just insane. God only knows what they are asking for them now. Even if I did have that kind of money I wouldn't pay it for a poxy semi in a local "Brookside".


    Ax
  9. avatar Ratoot
    [quote:b7c2894b03]but that's the way of the world[/quote:b7c2894b03]

    Well it shouldn't be. There should be legislation brought in to stop property profiteering, especially regarding once social housing being used by devolopers as private rented accomidation and then selling said properties at inflatted prices.

    There is an almost epidemic need for social housing in the north of Ireland.
  10. avatar tenrabbits
    Don't even start me on houses round Belfast. It's farcical enough tryin to buy without them human turds 'estate agents' getting involved.

    A large part of the problem I had was competing with southern investors, who think houses here are a bargain.
  11. avatar tenrabbits
    [quote:4f634fa8ad="my-angel-rocks"]a grand a day the prices are going up they say
    With NI being the biggest increase.[/quote:4f634fa8ad]

    I think that's slightly misheard.. a grand a day would mean a third of a million a year. If you bought a house in 2002 for 50 quid it would now be worth 1.4 million!
  12. avatar zebulon
    [quote:c5bdbff07c="tenrabbits"][quote:c5bdbff07c="my-angel-rocks"]a grand a day the prices are going up they say
    With NI being the biggest increase.[/quote:c5bdbff07c]
    I think that's slightly misheard.. a grand a day would mean a third of a million a year. If you bought a house in 2002 for 50 quid it would now be worth 1.4 million![/quote:c5bdbff07c]
    I think it's an increase of around a grand a day for the first phase of each new development, which is why people camp out to try and get them as soon as they're released for sale, as each one subsequent house completed is more expensive than the last.
  13. avatar remedy malahide
    [quote:43fa425ebe="my-angel-rocks"]Yes, its <img src='http://www.fastfude.org/forums/images/smiles/013.gif' />.
    a grand a day the prices are going up they say
    With NI being the biggest increase.

    I blame the english property developers myself[/quote:43fa425ebe]

    Myself and my fiance tried to buy this pokey wee one bedroomed flat at the turn of last year. Went on the market at £115,000 and by the time the bid was over (1.5 days exactly) we got the flat for £151,000!! Fer f u c k s sake!
    What you probably find is its the investors that pay people to queue for these properties, but we nearly had to send my fiances mum down to queue for us! Its nuts.

    By the way w.t.f. is this supposed to mean,
    "I blame the english property developers myself"
    This is ballacks! All of the investors that I've come across while viewing properties we're Irish, northern and southern. They stroll into the house, no matter what state its in, talk to the estate agent and stroll out, and the next day of business if its not sold then theres hefty bidding on it.
    Its their job to do it, and they can make a lot of money in a short period of time.
  14. avatar RAAP Management
    I always enjoy the moronic smugness of people who bought a house / flat before the last insane price surge...completely carried away with all the 'money we've made'.
    YOU'RE NOT ANY BETTER OFF UNLESS YOU PLAN TO DIE OR EMIGRATE ANY TIME SOON, DEAR.
    You're just marginally less badly off than any poor f*cker trying to get in there now.
    The only people doing well out of this are the developers and the already wealthy.
  15. avatar Zwaddap_deep_doo
    [quote:1bfccc7da8="gl2200"][quote:1bfccc7da8="Estrella Ojos"]For those real men with hot bodies:
    http://belfast.gumtree.com/belfast/46/7693046.html
    Let me know if you end up going for it.

    Gumtree... hours of entertainment.[/quote:1bfccc7da8]

    'genitalia in subtle location'?[/quote:1bfccc7da8]

    Perfect! I keep mine partially obscured behind a mauve futon.
  16. avatar JennyHill
    [quote:8fc6ebde4a="RAAP Management"]I always enjoy the moronic smugness of people who bought a house / flat before the last insane price surge...completely carried away with all the 'money we've made'.
    YOU'RE NOT ANY BETTER OFF UNLESS YOU PLAN TO DIE OR EMIGRATE ANY TIME SOON, DEAR.[/quote:8fc6ebde4a]

    I'm one of those people. I'm hopefully going with the "emigrate" plan rather than the "die" one, though :-D
  17. avatar my-angel-rocks
    [quote:f4cc95f255="tenrabbits"]I think that's slightly misheard.. a grand a day would mean a third of a million a year. If you bought a house in 2002 for 50 quid it would now be worth 1.4 million![/quote:f4cc95f255]

    Whoops, yeah, it was a grand a month I meant :)
    From http://news.bbc.co.uk/1/hi/business/6307239.stm
  18. avatar my-angel-rocks
    [quote:ad80170bcf="remedy malahide"]
    By the way w.t.f. is this supposed to mean,
    "I blame the english property developers myself"
    This is ballacks! All of the investors that I've come across while viewing properties we're Irish, northern and southern. They stroll into the house, no matter what state its in, talk to the estate agent and stroll out, and the next day of business if its not sold then theres hefty bidding on it.
    Its their job to do it, and they can make a lot of money in a short period of time.[/quote:ad80170bcf]

    See, all the ones I've come across have been English...
  19. avatar charlysays2
    Is that what the cue was on the Ormeau Road - for the Halifax!
    I thought they were selling drugs and was thinking of joining the cue.
    Actually I thought it was war on want or some sort of homeless charity and considered joining that too :D
    Thank God the selfish ' its a bit nippy, maybe next time' side of me stepped in :D
  20. avatar Mikael
    dummy bidders get paid to queue up at those things. its unfair on the people who really want the place and having their heads fvcked with like that
  21. avatar suzie
    My first post!
    aye its mad, those newish ones down near the church just off the ormeau (near the limelight) had about 200 people queing outside them last year, they werent even properly built yet
  22. avatar Chi-Lite
    That's cause they can then let them out at ridiculous bucking prices.

    I've long given up on actually buying somewhere to live, but it's getting to the point where I can't even afford to rent.

    Would be a lot handier if I was an oul prod like. :P
  23. avatar scott_evil
    what was quoted in the papers today was NI house prices will increase by £1000 per month around £30 per day all of this year.

    some friends of mine bought a 2 bed terreced 8months ago for 74K i went for the house next door last week its 160K something has to give.
  24. avatar T Entertainment
    If interest rates were to suddenly go up by even a percent, many, many people will find themselves bankrupt overnight. Bad times ahead, I fear.
  25. avatar scott_evil
    in 1987 the interest rate in england went to 16% overnight house prices dropped and alot of people were in a house now worth 80k that they paid 150K cause thats what is was valued at they couldnt sell they couldnt afford mortgage repayments. i know a guy had to move his family into a bedsit while a yuppy couple rented his family home to cover the mortgage payments

    bad times ahead me thinks
  26. avatar T Entertainment
    The earning potential simply isn't there in NI to sustain this long term. Unlike Dublin or London, for instance.
    40% of us work in the public sector, ffs. This will go tits up at some point. The speculators will be fine - just marginally less well off than before.
  27. avatar tenrabbits
    Hmmm.. I'm not so sure things will go belly up exactly. I'm quite sure there will be a levelling off of prices, or possibly a slump and then levelling off, but I don't think there will be a crash. I was of the opinion there would have to be a crash for a long time, but after speaking with businessy types, they explained that the situation that caused the crash in england last time just doesn't apply here. It's more likely that houses will reach a point were they don't go up at all anymore in relation to inflation, causing a market readjustment over time.

    I know what T means about norn iron - yields on houses here are feck all, so investors are making money off capital, and the minute that stops there will probably be a load of houses unloaded by them, but we're so short of houses to begin with I don't think that will have as radical an effect as some think.
  28. avatar T Entertainment
    You can never rule out circumstances changing in a way which would bring about a big hike in interest rates. We've been spoilt by the stability of the last few years. It is by no means neccessarily a permanent state of affairs.
    And this isn't wishful thinking, I'm one of the 'lucky ones' who 'owns' his own place (ie: rents it off the Halifax and has to pay for repairs).
  29. avatar Baelmammon
    I've given up with this owning your own home thing. It is seriously messed up, and are we not in a real housing shortage so how can there be a property bust? I understand the interest rates increase in the 80’s, but the economy is different now. If prices do level of the houses are still to expensive. I looked at a house not so long ago in Cavendish street, 89 grand on the Monday by the Thursday 115 grand which is nuts, you'd have to put about 3 grand into the house cos the walls were falling down.
  30. avatar T Entertainment
    Aye, ultimately the main consequence of this will be that the standard of living for ordinary people - especially those who don't own already or just bought - will fall significantly if they want to own their own homes. Or if they can. The rich will get much richer. And a jump in interst rates WILL shaft a lot of people.
  31. avatar remedy malahide
    The total payback on the average first time buyers mortgage is approximately £250000. At least at the end of 25-35 years of trials and tribulations we can say we used to be nearly millionaires!
    Anyone whos looking to get sorted with a mortgage, if you have finished uni and are "professionally qualified", :-D , you can obtain quite a substantial discount on yer repayments, but it all depended on the size of deposit you lay down. We went to the mortgage company with £5000 last year, thinking we'd done so well getting this for a deposit, and they advised us that is was practically negligible, and to use it to pay the eye wiping fees that are dished out! :cry:
  32. avatar bernard
    the housing shortage in northern ireland isn't going to be alleviated much by a levelling off or even a fall in house prices, the problem is simply a lack of social housing which is only getting worse. the executive is selling properties and not replacing them. there are thousands of homeless people with no chance of getting a secure home, no decent wage (as chris said the economy here is vastly subsidised by the government), and to top it off there's no ombudsman for landlords, meaning any cowboy/farmer/ruthlesscunt can get away with acting like slumlords.
    i'm moving to thailand.
  33. avatar tinpot anto
    There should be a 30% tax levied on the price of housing which is being bought to let, which should go directly to social housing projects.

    I think if we had a look at the property portfolio accrued by some of our MLA's with their ridiculous wages-for-sweet-f*ck-all-squared burning holes in their pockets for the last 3 years then it would become clear why this will be very difficult.

    I think I may write to my local MP - right now and ask him, even if he is David (I can spell my name) Simpson.
  34. avatar whosbainejakey
    I'm pretty sure I will never buy a home in Belfast. The only way I will ever own any property here is via inheritance, and I'm not exactly in any rush for that situation to occur.

    Presumably our very nice private landlady owns our flat outright, otherwise there's no way our rent could have remain unchanged for the past three years. She also drives a nice big Merc.
  35. avatar nonlogic liam
    I own nothing and never will. Sigh. On the plus side I owe nothing and hopefully never will. I'm holding out for a rich widow with big pockets. Failing that, male modeling will be my only option.
  36. avatar T Entertainment
    I was wondering about this: in general are rental prices going up?
  37. avatar tenrabbits
    [quote:e70bc32244="T Entertainment"]I was wondering about this: in general are rental prices going up?[/quote:e70bc32244]

    Actually.. believe it or not they're going down. I was looking about 2 years ago and a 2 bedroom house in the east was rentable for about 5 - 600 quid. Now you can rent them for under 500!

    Glut of supply ya see - on the street my girlie lives on 7 houses went up for sale over two months, and ALL of them went up for let shortly after.

    Who cares tho - most investors make 20 - 30 grand in capital per year at least, so they don't mind at all. It's when the market stops growing so fast you'll see a big change.
  38. avatar 3cigarettes
    Why any first time buyer would buy in Northern Ireland and delude themselves into thinking it's a good idea is completely beyond me.
  39. avatar Numbnut Sounds
    [quote:e84a05375c="RAAP Management"]I always enjoy the moronic smugness of people who bought a house / flat before the last insane price surge...completely carried away with all the 'money we've made'.
    YOU'RE NOT ANY BETTER OFF UNLESS YOU PLAN TO DIE OR EMIGRATE ANY TIME SOON, DEAR.
    You're just marginally less badly off than any poor f*cker trying to get in there now.
    The only people doing well out of this are the developers and the already wealthy.[/quote:e84a05375c]

    ya think??

    well i always enjoy my 40 something grand mortgage on a 200+grand house

    wheres the smug smilie???

    :smt112

    ah, thatll do
  40. avatar Chi-Lite
    [quote:4b020e28bb="tenrabbits"][quote:4b020e28bb="T Entertainment"]I was wondering about this: in general are rental prices going up?[/quote:4b020e28bb]

    Actually.. believe it or not they're going down. I was looking about 2 years ago and a 2 bedroom house in the east was rentable for about 5 - 600 quid. Now you can rent them for under 500!
    [/quote:4b020e28bb]

    I think that's only in the east though.

    I know for a fact that prices have went up a fair oul bit in the west......and the south.....and the city centre, over the last two years
  41. avatar T Entertainment
    "ya think??

    well i always enjoy my 40 something grand mortgage on a 200+grand house

    wheres the smug smilie???



    ah, thatll do"

    What I mean though is that you're only as well off as you were when your house was actually worth £40K...unless you plan to emigrate or otherwise not buy another house in NI. You're not massively less well off, which is different from being 160K better off, is what I mean. Cos all house prices have rocketed so much, your 160K will be needed to buy another house as comfortably as you got your current one.
    Don't get me wrong, you've obviously got a great return on your investment, like. :) In relative terms, I mean.
    People who own more than one house outright are laughing, of course. It's just all relative to the overall surge in the housing market.
    I feel desperately sorry for people who are trying to buy somewhere right now, it must be really f*cking scary. :/
    Last edited on , 1 times in total.
  42. avatar That Man Fanjo
    [quote:a3207b933a]it must be really f*cking scary.[/quote:a3207b933a]


    It's not.

    Ignorance is the key.
    Tell lies, make up tall tales, invent income, and then listen to the gobbledegook that people in pinstripe shirts tell you. Completely disregard all they say. After all, its utter nonsense.
    Then sign some pieces of paper and weep every month.




    In short, pretend it was all a dream.


    Or it happened to somebody else.
  43. avatar xfirefishx
    But surely paying a mortgage is a little more gratifying than just paying rent? You're actually paying to own ever increasing parts of that building rather than lining someone else's pockets.

    And while I agree that house prices in Belfast are expensive (and my knowledge on such is limited), it seems that it has one of the cheapest rents in the Uk and Ireland, and France. Which are the only places I can base my experience on from talking to people.

    It disgusts me more though that houses in Ballycastle are ridiculously expensive and if you want to live in anything better than a hovel, you're talking quarter of a million minimum and that's unlikely. Aargh. Small towns should not be that expensive to live in.
  44. avatar Stevie Mac
    I will probably have to move out of the rented house I'm in at the minute later this year (landlord is selling it) and my folks are on at me to start saving up for a mortgage, instead of 'throwing my money away on rent'.

    The whole notion is both bewildering and daunting to me - I'm 25 in a few weeks but I'm just not ready to choose a home for the rest of my life. I'll probably get another rented place.
  45. avatar Rezo
    [quote:b2d26d7f3d]But surely paying a mortgage is a little more gratifying than just paying rent?[/quote:b2d26d7f3d]

    It depends. A lot of people would rather pay a modest rent and have more disposable income and therefore better standard of living than someone up to their necks in a mortgage and eating beans from the tin, albeit in a nice house! In Berlin for example only about 15-20% of people own their own homes. Home ownership is just a culture we've created.
  46. avatar remedy malahide
    [quote:c30606b227="That Man Fanjo"][quote:c30606b227]it must be really f*cking scary.[/quote:c30606b227]


    It's not.

    Ignorance is the key.
    Tell lies, make up tall tales, invent income, and then listen to the gobbledegook that people in pinstripe shirts tell you. Completely disregard all they say. After all, its utter nonsense.
    Then sign some pieces of paper and weep every month.




    In short, pretend it was all a dream.


    Or it happened to somebody else.[/quote:c30606b227]

    :lol: :lol:

    Thats exactly how its done, even down to the peeps in the pinstripe suits!!
  47. avatar Pix
    [quote:fc3663232f]Home ownership is just a culture we've created.[/quote:fc3663232f]

    I've always thought that. Don't know much about it, but a few French and Spanish buddies I've known have rented well into their 30s past getting hitched and having wains, one couple only buying an apartment cos they got a windfall. I hate the f**king pressure folk are under here to buy I really do. Banks have set out to make us believe from a very early age that mortgages - 'mort'-[i:fc3663232f]dead[/i:fc3663232f], 'gage'-[i:fc3663232f]pledge[/i:fc3663232f] - are the way to go :smt013
  48. avatar churchwarden
    [quote:a462b9d119]It depends. A lot of people would rather pay a modest rent and have more disposable income and therefore better standard of living than someone up to their necks in a mortgage and eating beans from the tin, albeit in a nice house! In Berlin for example only about 15-20% of people own their own homes. Home ownership is just a culture we've created. [/quote:a462b9d119]

    Disposable income is always good, but paying rent is just paying the owner of the house's mortgage for them. At least after 20 - 25 years of mortgage payments you will own the house and have the option of selling up and moving somnewhere cheaper ( such as Berlin ) or living in it at no cost until you die... and your lucky relatives cash in by selling it and spending all the money on fast cars and holidays { at least that's what I plan to do when my relatives die ;-) )

    If you are renting somewhere, you are likely to end up in one of our many fine care establishments for the elderly and improverished... or become a "burden for your family" ( which is tempting I must admit... )
  49. avatar thesacredhearts
    Cashing in after they pay 40% inheirtance tax (above a certain value). Leaving them with not enough to buy their own house. That they werent able to buy before because the market was so inflated.

    Hmmm.
  50. avatar Join The Deaf Club
    How does inheritance tax work if you inherit a house on which the mortgage is fully paid off? Do you then owe the bastards, er, government a percentage of the value of the house that your dearly departed have already paid for?
  51. avatar Pete
    Well, in a word, yes. But there is more to it.

    There is an allowable threshold on the value of the estate, which I think is around £250,000. The tax is only paid on anything above that.

    And there is no tax if the estate is passed to a spouse or civil partner.

    Also, if you know you're going to pop your clogs and start handing out presents to friends and family (you know, the odd house here, the odd sports car there, the occasional cheque for £20,000) then they also become subject to inheritance tax if they were gifted within so many years of you dying (I think it's about 5 years).
  52. avatar Join The Deaf Club
    Hang on... thats revolting!

    So if you inherit a house worth £250,000, but have no actual money whatsoever, you suddenly then owe some ridiculous sum in tax... is the house then legally required to be sold for you to pay the Revenue this money for the right of your parents to die in this country?!?

    I am storming City Hall, immediately. Turn the news on, I shall be there in ten minutes.
  53. avatar my-angel-rocks
    [quote:fa671539fd="Join The Deaf Club"]I am storming City Hall, immediately. Turn the news on, I shall be there in ten minutes.[/quote:fa671539fd]

    I think I have a Daily Express "Ban the death tax" car sticker somewhere if you want
  54. avatar Pete
    I just checked the current limit and it's £285,000

    But in theory, if the house was worth £300,000 then you would need to pay 40% tax on £15,000. And if you didn't have £6,000 to pay it you would have to sell the house.

    But then remember there are life insurance policies, pensions etc to take into consideration. Plus, whilst being the devils henchmen, solicitiors and accountants are very good at their jobs. So I would say a situation such as you describe would be very rare.
  55. avatar Pete
    If any of my family are watching, please don't be alarmed at my apparent wealth of knowledge on inheritance tax issues :twisted:
  56. avatar RAAP Management
    Glendo, the Mail and the Express reader in you has finally come out. It happens to us all, son. And it's almost always over tax. EMBRACE YOUR INNER TORY! :-D
  57. avatar Join The Deaf Club
    [size=7:9fcebd22b1]um i actually do read the Mail[/size:9fcebd22b1]


    [color=red:9fcebd22b1][size=24:9fcebd22b1]!!RIVERS OF BLOOD!![/size:9fcebd22b1][/color:9fcebd22b1]
  58. avatar tinpot anto
    poke out yer eyes, Kilroy!
  59. avatar Baelmammon
    I thought inheritance tax was only relevant if you already own property. If your dying relative would sign a will leaving you their house and if you don't have a mortgage or property then inheritance tax doesn't apply am I wrong or should I just not think?
  60. avatar Join The Deaf Club
    Anto, I take it all back. Whats the point in me being a bloodthirsty capitalist bastard when these feckers are going to take it all off me anyway. Where do I sign up, Comrade?
  61. avatar tinpot anto
    See if ye were an anarchist like me, the arguments against capitalism and state-taxation apply equivalently.

    Be an Anarchist. Go on.
  62. avatar Join The Deaf Club
    I am with you. My life* for the cause. Let's get to work.

    Er... I don't have to wear a beret, do I?





    [size=9:9340841341][i:9340841341]* The word "life" is used for dramatic purposes only and in no way is a literal statement or binding contract.[/i:9340841341][/size:9340841341]
  63. avatar Box Marked Commie
    I just got limited by the man there and had to revert to an alter-ego !

    But no beret's are not compulsory, hey sure you're an anarchist now, just do whatever the hell you want.
  64. avatar Join The Deaf Club
    Thats The Man, trying to undermine you while you convert me to the cause! F*CK THE MAN! See you at City Hall in ten minutes with a load of "Abolish The Death Tax" stickers, some Halloween bangers and a super-soaker?

    Even if we fail, it will be ART!
  65. avatar Pete
    [quote:d19eb0f0e3="Baelmammon"]I thought inheritance tax was only relevant if you already own property. If your dying relative would sign a will leaving you their house and if you don't have a mortgage or property then inheritance tax doesn't apply am I wrong or should I just not think?[/quote:d19eb0f0e3]

    No, that's wrong.

    And the subtle difference is that the burden of tax is not on the person who if recieving the inheritance, but on the estate of the kind dead person giving it away. So it doesn't matter how rich or poor the ultimate benefactor is.
  66. avatar Join The Deaf Club
    All messing aside, I really do find that whole idea to be utterly rank and unfair.
  67. avatar Pete
    It does seem a little harsh. But the the really super wealthy also get hit. Though some sort of banded rate would probably make more sense.
  68. avatar churchwarden
    [quote:97b62ceb6a]All messing aside, I really do find that whole idea to be utterly rank and unfair. [/quote:97b62ceb6a]

    After I am dead I imagine I will not worry about how much tax I pay...

    All my worldly goods could go to relatives to sell off and spend as they see fit, or they may only have to make do with £285,000 and then have to give 40% of anything above that to the state to pay for things like hospitals, schools and arts centres etc.

    If my dear mother passes away I am sure I will be happy enough with £285,000

    ..and I have the feeling my wife is already planning my demise...
    [img:97b62ceb6a]http://snap28.photobox.co.uk/968342214f51dd4aa4a55f1c8524f10108fca2e6b2123719c808ba31.jpg[/img:97b62ceb6a]
  69. avatar my-angel-rocks
    [quote:d822fb7dc8="Pete"]It does seem a little harsh. But the the really super wealthy also get hit. Though some sort of banded rate would probably make more sense.[/quote:d822fb7dc8]

    Except the superwealthy just move it all to a tax haven, so don't really give toss. As much as I detest most that the Daily Wail and the Sexpress (teeehee) stand for, they do have a point here.

    I'm thinking the limit of 285k was set before peoples house prices started going up to stupid amounts...
  70. avatar Pete
    Well, the limit will be regularly looked at and adjusted by the Chancellor in the budget. Along with the personal allowances on income etc.

    Offshore accounts don't take into consideration property however. Unless it's property owned in other countries.
  71. avatar my-angel-rocks
    I'm sure they have some other way to avoid it.
    I probably wouldn't mind so much, if it weren't for the fact I have a sneaking suspicion it would just be wasted away...
  72. avatar bernard
    poor zebulon, the death of feudalism must have hit you hard too. don't you know keeping it all in the family is bad for your genes?
  73. avatar Pete
    I just checked and in the past five years the nil rate band has increased by 16% and house prices by an average of 60%. Which is a tad unbalanced.

    Death AND Taxes. And they say life is a bitch.
  74. avatar That Man Fanjo
    Me and the Taxman don't get on.
    Why?

    Because he's a fucking cunting nazi cocksucking dogfelching bastardshagging scrotum-nipping thieving cunting ballbag fucknutted goatraper.

    They squeeze every fucking drop from you when you're alive, then charge you for having the audacity to die.

    I shall be writing to my MP to express my disgust in a suitably enraged fashion.


    Which means a* parcel of excrement to Wee Jeffrey.


















    *Another
  75. avatar That Man Fanjo
    Note: If I'd known so much had got past the swear-filter, there would have been more cussin'.
  76. avatar Baronation
    Heres what to do:

    Borrow 5 times you salary over 40 years, and make sure its a 100% mortgage too. Wait until the Bank of England puts the base rate up, then phone your mortgage providers call centre and shout at them and demand to speak to managers because they should have told you the payments might go up and now you can't afford it and it's not your fault, and they have no right to put your tracker rate mortgage payments up.
  77. avatar T Entertainment
    Have you been pulling the phone cable out with your foot again Baron?
  78. avatar Estrella Ojos
    It really is ridiculous how the market has gone. My parents bought a house about 14 years ago & are about to pay it off next year. They decided to pay more than just interest. Which is great for them, but to do that now - even 15 years later - you'd have to buy something much, much cheaper than you can get a loan for. And, most likely, be earning a mint.

    Yar. I wish I had bought a few years ago before the market spiked.
  79. avatar LittlrockAx
    I recently remortgaged my house and the guy who was doing all the paperwork told me that they are now offering people LIFETIME mortgages.

    The idea is that there is no way you will ever pay the mortgage back in your lifetime, but you can sign a contract that your kids (for example) will continue paying after you've shuffled it off (assuming they still live in the house) or sell the house to clear the balance.

    Tis madness I tells ye. I saw today in the paper that you can pick yourself one of those lovely apartments at the side of the bridge in Tates avenue (that look like a docked prison boat) for a cool £247,000.

    Read carefully - yes that did say apartment!

    I have made peace with the fact that I'm gonna have my kids living with me until I die.

    Ax
  80. avatar JonAftermath
    Inheritance tax is a bollox alright. I'd really hate to be the solicitor that has to explain to the remaining family how much their dead relative owes. I can't speak from experience but I imagine broaching the subject might go something like this:

    http://www.youtube.com/watch?v=pmBDgg-1ENM
  81. avatar Dirty Stevie Grizz
    i like the way that the money that has been earned to buy the house in the first place has already been taxed.

    people should be limited to owning one house at a time, and estate agents all lined up, stabbed to death with their own ridiculously pointy shoes, and their corpses embalmed in Dax Wax.
  82. avatar Estrella Ojos
    [quote:c663ef50c8="Dirty Stevie Grizz"]and their corpses embalmed in Dax Wax.[/quote:c663ef50c8]

    "Here, here," says your fellow serf.
  83. avatar tenrabbits
    [quote:094459f236="Dirty Stevie Grizz"]estate agents all lined up, stabbed to death with their own ridiculously pointy shoes, and their corpses embalmed in Dax Wax.[/quote:094459f236]

    You've got my vote too. I've never met such a bunch of pricks in my entire life.
  84. avatar Pix
    rich pricks :(
  85. avatar bernard
    well brothers, you know what you can do about it

    [img:503b03952d]http://www.fdca.it/fdcaen/organization/theory/acqoc/campesino.jpg[/img:503b03952d]
  86. avatar tenrabbits
    Go to Italy?
  87. avatar fastfude
    or Spain?
  88. avatar ShowYourBones
    Or Spain and then Portugal?
  89. avatar bernard
    throw yourselves into the road, darlings, you haven't got a chance