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Buying/owning a holiday home

Started by Blinder Data, June 17, 2021, 02:44:37 PM

Previous topic - Next topic

touchingcloth

Quote from: imitationleather on June 17, 2021, 03:29:17 PM
Might buy a Newcastle holiday home and live in that. Two byrds = One stone

If we all club together, we could probably afford Newcastle.

Buelligan


MojoJojo

Quote from: Blinder Data on June 17, 2021, 02:44:37 PM
Obviously that's unlikely, so now I'm looking up something more realistic: lodges and static caravans in UK holiday parks.

I don't know about lodges but I looked at static caravans after an week spent in a holiday park a couple of years back. Absolute fucking con - never mind all the charges, they're basically worthless after 10 years. The holiday parks must love it - they get the fees and they get somewhere to put guests that they don't have to pay the insane depreciation. Really a horrible way of making sure poor people don't end up building any capital.

the science eel

Quote from: Blinder Data on June 17, 2021, 02:44:37 PM
Went on holiday recently which naturally made me wonder whether I could ever have my own holiday home. If money were no object and I had no morals, it would be somewhere in Italy/France/Spain to which I could travel by private jet.

Obviously that's unlikely, so now I'm looking up something more realistic: lodges and static caravans in UK holiday parks.

I reckon, with a bit of help from somewhere, I might be able to afford it. I could rent it out at other times of the year to help pay the bills and, when I get the urge, disappear for some NATURE of a long weekend. The Broons had a but 'n' ben and they were poorer than me, and it's not depriving locals of a house, so I'm not selling out my socialist principles by considering it...

For a few years when I was a nipper we had a house in Brittany but it didn't work out due to a lack of DIY skills/money and divorce.

Do you possess a holiday home? Is it a villa, a cottage, a plop of land? I promise if you admit it everyone won't call you an evil Tory.

And just wondering, is it free the last two weeks of September?

My flat in West Cumbria is free then.

https://www.airbnb.co.uk/rooms/50069653?source_impression_id=p3_1624015009_JwGw16cb16SZjHCR&guests=1&adults=1

I've been interested in this for a while but couldn't think of a way to work it out. It's the large initial investment that's beyond me - obviously later you recoup your expenses and then some.

Dex Sawash


Booked it so Blinder can't have it

Neomod

Quote from: Buelligan on June 17, 2021, 10:51:32 PM
Really love this, is it available in February?

Fraid not. Due to be blowing across a windswept beach into the North Sea in Feb.

Blinder Data

Quote from: MojoJojo on June 18, 2021, 12:11:40 PM
I don't know about lodges but I looked at static caravans after an week spent in a holiday park a couple of years back. Absolute fucking con - never mind all the charges, they're basically worthless after 10 years. The holiday parks must love it - they get the fees and they get somewhere to put guests that they don't have to pay the insane depreciation. Really a horrible way of making sure poor people don't end up building any capital.

Besides big annual fees, why is it absolute con? Do they fall to pieces after 10 years? Don't they have any resell value?

You have annual fees for lodges but maybe it's not as expensive as caravans, and they look like they retain (or even increase) their value. I've seen some folk wanting £60k for a 50% share. A gorgeous 2 bed lodge on Arran, they're looking for £160k for the whole thing! Madness.

MojoJojo

Quote from: Blinder Data on June 18, 2021, 12:35:44 PM
Besides big annual fees, why is it absolute con? Do they fall to pieces after 10 years? Don't they have any resell value?

Basically, yeah, no resale value. I think the parks will only advertise caravans that are less than some number of years, so after that you're left with fees and no way to get any income from them. And they're not really economic to repair.

Dex Sawash

Quote from: Blinder Data on June 18, 2021, 12:35:44 PM
Besides big annual fees, why is it absolute con? Do they fall to pieces after 10 years? Don't they have any resell value?

You have annual fees for lodges but maybe it's not as expensive as caravans, and they look like they retain (or even increase) their value. I've seen some folk wanting £60k for a 50% share. A gorgeous 2 bed lodge on Arran, they're looking for £160k for the whole thing! Madness.

In america (america) the value of those is mostly propped up by a transferable ground lease. There are usually waiting lists for spots and they often have some outdoor improvements like a deck or a small shed.

shagatha crustie

Quote from: the science eel on June 18, 2021, 12:17:58 PM
My flat in West Cumbria is free then.

https://www.airbnb.co.uk/rooms/50069653?source_impression_id=p3_1624015009_JwGw16cb16SZjHCR&guests=1&adults=1

I've been interested in this for a while but couldn't think of a way to work it out. It's the large initial investment that's beyond me - obviously later you recoup your expenses and then some.

Playing or mention of Erasure will not be tolerated

the science eel

Hell no. The neighbours have been asked to listen out.

You can play my CDs tho'

Pancake

Quote from: imitationleather on June 17, 2021, 02:50:08 PM
If you have a spare £40k you'll just about be able to afford a beach hut in Margate.

Seriously, what is the deal with beach huts and their crazy prices? Is it simply because they look nice and twee on Instagram?

£150k if you prefer Southwold

£325k if you prefer Christchurch

Fr.Bigley

Quote from: Huxleys Babkins on June 18, 2021, 05:27:38 PM
£325k if you prefer Christchurch

525k if you prefer Jaywick.




The whole town.

madhair60

Erasure are so fucking good it's insane.

imitationleather

Quote from: madhair60 on June 19, 2021, 10:08:33 AM
Erasure are so fucking good it's insane.

Bet they bought a few holiday homes off the back of Hits!