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Posted (edited)
3 hours ago, kenny said:

Assuming they owe 70% on those, to an amount of £5m in mortgage, that would give an interest only figure of £18-20k per month.

 

Then they will be paying £18-20k per month in tax.

 

This leaves them £5k to cover maintenance, insurance and salaries for themselves.

 

This all assumes they have amassed this 'empire' in the daftest way possible.

 

On the positive side, they are housing 60 families/people and are paying just under £500k a year in income tax. They are the real heroes here.

 

 

If you dig a bit deeper, they were employing a management company as well and people have found their company with a quite significant asset figure on the balance sheet too. 

 

https://find-and-update.company-information.service.gov.uk/company/14978000

 

Assets of £10m plus when do you go deeper. 

Edited by CosbehFox
  • Like 1
Posted
45 minutes ago, Dahnsouff said:

Do not dispute that, but we do not live in each others lives and individuals outgoings are neither known nor understood by observers. Look, I am sure @urban.spaceman meant nothing by it, but over 10 years ago it cost us over £1500 a month for childcare for single child in the only place we could find a space and we are not even in London, so such comments are uninformed I would argue. However, I am sure it was in jest, so I retract the snotty nature of the original comment. Sorry Urban.

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  • Haha 1
Posted (edited)

Another sentencing anomaly..Just watched the story on that lad who stalked then murdered the 15 year old Holly in Hexham. 

 

17 years minimum. Do me a favour. Even with it extended to 25 years via failed paroles, he'd be 42/43 when he's out. 

 

Such a depraved, pointless crime warrants a release only when he's an elderly man

 

Edit; it's half of Pitchfork's sentence. And even Pitchfork's near 40 years is generally seen as generous 

 

 

Edited by Paninistickers
Posted
11 minutes ago, SkidsFox said:

The stamp duty changes (mainly double for folk buying a second property) could well kick off a major house price correction. Feel the fear.

Doubt it, people will sit tight and sales will reduce. Landlords won't be keen to sell due to capital gains changes.

 

Id guess the tax take from CGT and stamp duty will drop and at best stay as it is.

 

I also think we could be set for record lows in terms of new houses being built.

Posted
19 minutes ago, SkidsFox said:

The stamp duty changes (mainly double for folk buying a second property) could well kick off a major house price correction. Feel the fear.

Doubt it if a couple of extra percent on an additional property is going to put you off then you're in the wrong game now. 

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Posted
16 hours ago, grobyfox1990 said:

Yeh dunno, if they’re over levered, sell and have to pay an ERC to their high st mtg provider, cgt, break clause to their agent, break an AST if the buyer doesn’t wanna keep the tenant in situ. Not saying you’re wrong but can see how people get themselves into this pickle then blame it on someone else when it doesn’t pay off  

Yeah, MOST of this kind of stuff happens from people living beyond their true means.

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Posted

Its different as we have preferential voting here... but the major party votes have crashed over last couple  of elections and projected to fall even further at the nexxt

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Posted
44 minutes ago, bovril said:

Good chance that the Labour and Conservative vote share is under 50% in 2029.

That can only be a good thing, think reform will make obvious gains. But the one I am intrigued by is the Lib Dem’s and if they can build on the momentum they built off last election 

Posted

Double-edged sword regarding declining vote share of the two bigger parties, as other people have pointed out.

 

I said before the previous election that Reform next time around will either get next to no seats or enough seats to be able to significantly affect policy. The Tory votership are obviously fearing the latter enough that they've brought in their own Reform-lite option in Badenoch.

Posted

I’m not that clued up on the intricacies of forming a UK government. Can we go full on Israel style and have 14 different political parties in Parliament and have a ruling coalition?  I definitely don’t like the American system of two main political parties only, but I’m not sure I would like it to be diluted down too much either like in Israel…. 
 

I just don’t like the idea of electing a prime minister  who gets such a small amount of the votes that were cast….

Posted

Ok so scratch that..  having just checked, we have 15 political parties represented in parliament. lol Some are just regional though, specific to some areas of Northern Island. .

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Posted
1 hour ago, leicsmac said:

Double-edged sword regarding declining vote share of the two bigger parties, as other people have pointed out.

 

I said before the previous election that Reform next time around will either get next to no seats or enough seats to be able to significantly affect policy. The Tory votership are obviously fearing the latter enough that they've brought in their own Reform-lite option in Badenoch.

Personally I reckon she’s more moderate than Jenrick. He’s been saying some batsh*t stuff.

Although granted not as moderate as Cleverley, who is the one who would’ve been on the voting sheet if the Conservative MPs hadn’t cluster****ed.

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Posted
1 hour ago, The Horse's Mouth said:

That can only be a good thing, think reform will make obvious gains. But the one I am intrigued by is the Lib Dem’s and if they can build on the momentum they built off last election 

Yeah I agree, would be a positive development

Posted (edited)

Dawn Butler is mostly right about Kemi Badenoch, even if it’s politically unfeasible to say it (and she should not have said it). 

Edited by Lionator
Posted (edited)
26 minutes ago, Lionator said:

Dawn Butler is mostly right about Kemi Badenoch, even if it’s politically unfeasible to say it (and she should not have said it). 

What has she said?

 

*Never mind; I’ve just Googled it. Horrible comments and she’s not right.

Edited by Dunge
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