Is house buying in the UK and Australia a Ponzi scheme?
No.A Ponzi scheme is a type of investment run by fraudsters where investors are give a return on their assets, not from the actual investment return, but because new investors pay into the fund, and their money is used, not to invest, but to pay out the returns to existing ones.In housing, people buy individual houses, not shares in an investment fund run by a single entity.In housing, there is actually a physically thing (the house) bought (in most cases) to live. Even for people who think that houses are investments the house they're buying does actually exist.Housing is a market.
Can I buy a £500000 property in London from help to buy with £24000 income?
I just bought a flat with Help to Buy so hopefully I can help.The scheme is available for newly built (but not all, check with the developers) for houses/flats with a price tag of up to £600k. The government can help you by putting (interest free for the first 5 years) either the 20% or the 40% of the total value, while you put at least 5% and you secure the rest on a mortgage (so either 75% or 55%).For a £500k property, with a 20% Help to Buy you would be looking at:5% available in cash savings: £25k75% secured as mortgage: £375k20% offered by the Help to Buy scheme: £100kDo not forget: you also need to have available in cash the money to pay solicitor’s fees (around £2k) and stamp duty (£15k for the property in example)In the example above you will need at least £42k in savings and a mortgage offer for £375k in order to be able to buy that property.So it all depends on your savings and your opportunity to secure the mortgage - remember that as a generic rule a bank or mortgage provider will start from your annual salary and then multiply by 2 or 3.
How to get a capricorn man??Us girls need help!?
Ok,Im sure its not just me having a hard time with the capricorn men!!How do you get ones attention?Should I ignore him or should I call him,should I compliment him or not?Should I be honest or should I play games?Should i wait for him to call me?I think hes kinda shy so maybe I should call him?Is it ok for a woman to pursue a man she wants??Do caps guys like women that give them great sex and kissing?Would they be turned off if a girl confessed she had a crush on him?Do they like older women?Do they like hardworking ambitious women?Do they want lots of attention?Do they like thin pretty girls?Are they more into a girls personality?Do they like girls that talk a lot or quiet girls?How can I get him to chase me?Any advice would be good!
Help with analyzing the structure of the poem, "The White Man's Burden?"?
Any observations about the structure/type of poem, including the rhyming scheme, etc? I am talking strictly in the structure. Take up the White Man's burden-- Send forth the best ye breed-- Go bind your sons to exile To serve your captives' need; To wait in heavy harness, On fluttered folk and wild-- Your new-caught, sullen peoples, Half-devil and half-child. Take up the White Man's burden-- In patience to abide, To veil the threat of terror And check the show of pride; By open speech and simple, An hundred times made plain To seek another's profit, And work another's gain. Take up the White Man's burden-- The savage wars of peace-- Fill full the mouth of Famine And bid the sickness cease; And when your goal is nearest The end for others sought, Watch sloth and heathen Folly Bring all your hopes to nought. Take up the White Man's burden-- No tawdry rule of kings, But toil of serf and sweeper-- The tale of common things. The ports ye shall not enter, The roads ye shall not tread, Go mark them with your living, And mark them with your dead. Take up the White Man's burden-- And reap his old reward: The blame of those ye better, The hate of those ye guard-- The cry of hosts ye humour (Ah, slowly!) toward the light:-- "Why brought he us from bondage, Our loved Egyptian night?" Take up the White Man's burden-- Ye dare not stoop to less-- Nor call too loud on Freedom To cloke (1) your weariness; By all ye cry or whisper, By all ye leave or do, The silent, sullen peoples Shall weigh your gods and you. Take up the White Man's burden-- Have done with childish days-- The lightly proferred laurel, (2) The easy, ungrudged praise. Comes now, to search your manhood Through all the thankless years Cold, edged with dear-bought wisdom, The judgment of your peers!
Ebay cashiers check fraud?
my boyfriend just sold his Porsche on ebay. A bidder who has zero feedback, just signed up on ebay today and says the vehicle needs to be shipped to England clicked on the "buy it now" option. The "buyer" emailed him in broken english (fishy since people in England speak english) and said he was sending a cashiers check and would have his "agent" meet with us to make payment and shipping arangments. Is there any way to tell if this is fake and if it is can he relist it w/o paying again? Any suggestions. BTW it's not a rare or expensive car so I dunno why someone in another country wouldn't get one localy.
Do you believe is a good investment if I buy a house in Cambridge UK?
Disclaimer: Having rented in Cambridge for 4 years and being midway through a house exchange, this is my view on what would be the most financially beneficial for OP.Recent figures that have been kicked around do go someway to supporting that. The BBC recently reported that property prices in Cambridge have gone up 47% ( or thereabouts ) since 2010 and other websites are claiming that house prices could go up by another 30% over the next 5 years.If you are looking to buy to live then this is a good investment as the town is growing, you have new companies setting up locally and you are ideally situated for a commute to London if you need to. There is also a lot of development in new office buildings in the Science Park as well as a new train station which will further improve connections to London making the area even more so desirable.If you are looking to buy to rent however this could still be a good idea but remember that there is still the new stamp duty charge coming in in April. I'm far from being an expert but what I think will happen is that the market will shift less from buy to rent and more towards buy to live as investors are put off by the increased stamp duty which will free up properties for new buyers. Overall though I think (and I hope) that Cambridge is a good investment in terms of property if you are looking to buy, even if to rent.
How can someone afford to buy a house in London?
There are plenty of areas of London that are still very affordable, but it obviously depends where you look. You are not going to be able to buy a property in Zone 1 and 2 on a low salary, but if you look further out (for example, Zone 3 and 4), you can find some great properties that will fit your budget. It’s not impossible. The hardest bit will be to save up to your deposit – but there’s always Help to Buy and Shared Ownership to help with these bits (though Shared Ownership properties seem to be few and far between at present!)The most important thing when choosing an area is to do your due diligence by looking at the area’s fundamentals, i.e. schools, employment & local economy, shops & leisure, transport links and investment.This is important as this determines how great demand will be here – as we all know, most people want to live close to the station and near corner shops, supermarkets, restaurants etc. Regardless of whether you’re buying a flat/house to live in or as an investment, you can see great growth if you invest your money smartly and choose your property and its location very wisely.For example, Wembley Park is one of the most recognisable places in the UK, but house prices here are still fairly low (average is around £400,000). The area saw a huge rise in prices after the new Wembley Stadium was built around 8 years ago, and as the area is currently benefitting from over £3bn in regeneration investment, they will continue to rise.If you want to know more about the impact of regeneration on property prices, I suggest this article, which explains it fairly well: The benefits of regeneration areas.I work for a property investment company that does a lot of due diligence research for our clients. These are available for free and downloadable to your own computer so you can research the areas you’re interested in and make a decision based on the best fundamentals available to you for your budget. To browse the guides, please go here: Search for Property Investment Guides - YPC Group.Do let me know if you have any questions and I’ll be happy to answer them to the best of my ability.Kind regards,Moa