Posts Tagged ‘media’

Where is my space age? – A Guest Blog by Graham Barnfield

 

Where is my space age? – A Guest Blog by Graham Barnfield

 

 

One irony of NASA is that its supporters sometimes rely on the banalities of the present to defend earlier space programme expenditure. Asked to justify the huge costs, the invention of materials such as Teflon – lining many a non-stick pan – is trotted out. Treating NASA as a supplier of kitchen equipment makes little sense, not least because it is factually wrong. The NASA website explains the confusion that led to the emergence of this urban myth. As a child of the 1960s – well, November 1969 – it always disappoints me to hear the Final Frontier being dragged into the home. Such attitudes make a manned colony on Mars only slightly more likely than a President Gingrich next year.

Space travel’s in my blood, sang The Only Ones, but in public debate space travel has too often been made to sound domesticated. Yet as Davin Heckman’s book A Small World: Smart Houses and the Dream of the Perfect Day  shows us, the space age home is also an idea in retreat. One of the peculiarities of a trip to a Disneyland theme park is that the future – which Walt showcased in areas called “Tomorrowland” – could look dated rather quickly. Since the first one opened in 1955, regular revamps are a big part of Tomorrowland’s history. In 1980, Florida’s Walt Disney World Resort had another shot at the future, by making a clear distinction between its Disneyland-style Magic Kingdom and the neighbouring EPCOT Center – the Experimental Prototype Community of Tomorrow. Heckman is alert to this; according to his (sometimes sprawling) argument, from the 1950s the growing love affair with space age domestic bliss helped to redefine the idea of the US home.

 

Coinciding with Disney’s speculations about the future was a subtle shift – again, identified by Heckman – from seeing labour-saving devices as a good thing for increasing leisure time, to seeing them as a basic necessity. As the book closes, the author starts treating too much technology as a bad thing, dehumanizing us even as it saves our precious minutes. The politics of the book could prove controversial – it seems that the equipment being discussed could end up controlling us, installing a policeman inside our head under the guise of increasing our control. Enter the Matrix.

 

From Disney to Dixons adverts, it is clear that the technologies under fire here could prompt us to redefine ourselves in the most narrowly consumerist terms. Yet this analysis is one-sided: what of the 1950s housewife, a portion of whose day was freed up by the washing machine, the vacuum cleaner and refrigeration? Indeed, what of the decline of domestic service, which allowed a significant slice of the US-UK workforce to find more productive and more lucrative forms of employment? Stressing the promise of a truly smart home may have made what Heckman sees as trivial concerns become frighteningly important, but for millions of people, the alternative would be worse. It may be disquieting to compare the time the average American spends organizing their sitcom viewing to the priorities of his or her counterpart in Sudan, but this could also be used as an argument for modernsing Sudanese domestic arrangements along US lines.

 

Heckman’s style – sometimes furious, sometimes scatterbrained – is an acquired taste, but there is plenty of food for thought here. What he seems uneasy with is an account of the other side of the ‘Dream’ – just how disappointed we have become with these promised developments. One major tension is with A Small World treating smart home technology as potentially totalitarian – think of Hal in Kubrick’s 2001: A Space Odyssey, only in your house (and head) – and its real history of falling short on its promises. You know the argument for the Space Race is being lost when people start talking about Teflon pots and pans; likewise, when the space-age home – or even the humble labour-saving gadget – is portrayed as sinister, it seems that our aspirations are getting lower.

 

Too often today smart homes are seen as a chance to minimize human impact. Consider, for instance, the Passivhaus. Since 1991 this building standard has adopted the principles of a well-sealed and highly insulated envelope, resulting in 90 percent energy savings in those which have been constructed (primarily in Germany, Austria and Switzerland). While the tech is unobjectionable – bring on triple glazing! – the role reversal here is striking. Housing that once sheltered people from the outside world is repurposed to protect the environment from the people in the housing.

Even the quest for an electronic ‘Holy Grail’ is now framed in ways that combine home safety and disappointment. Consumers and companies would love a single ‘black box’ that handles all our telecom and entertainment needs, with broadband internet coming in and the various networked services distributed to all members of a household. Yes, there are sensible precautions one should take in this wireless ‘small world’, to prevent one getting ripped off (see e.g. Justin Doo, ‘Safety in the Wi-Fi Home’, Property Weekly, 23 January 2008, pp.90-91). But the cultural narrative about wi-fi theft seems to grow in inverse proportion to our expectations that a single device can revolutionize our lives. Sorry Microsoft, but the X-Box 360 just doesn’t cut it right now. Instead, the limited impact of home entertainment represents a scaling down of the old promises made about robotics, AI and virtual reality. Westerners may love their smartphones, but delivery of the really big promises remains elusive. Contra Heckman, let’s build homes that are smarter than any phone.

 

 

Davin Heckman, A Small World: Smart Houses and the Dream of the Perfect Day is available now from Duke University Press

 

About the author:

Graham Barnfield works at SAE Institute Belgrade. He is a Fellow of the Wolfsonian-FIU and an associate of the London East Research Institute.

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Walker Fox, Property Sourcing & Buying Agents from Wakefield interview Mark Alexander of Property118.com

 

In this interview Rob Hubbard, Managing Director of Walker Fox, Property Sourcing & Buying Agents from Wakefield, West Yorkshire  finds out more from the founder of Property118.com Mark Alexander. Just two months since its launch Property118.com claims to be the fastest growing online community for property investors and buy to let landlords.

 

Rob: Why do you think the new web site has taken off so quickly Mark?

Mark: We were very lucky to have a huge database of landlords to introduce to the new web-site but we’ve also been impressed by how many former clients of The Money Centre have told their friends about the site.

 

Rob:  The name 118 implies that the site is a directory but when I had a look a few weeks ago it seemed to be more of a News site, can you explain?

Mark:  The site is indeed going to be a directory but with a twist.  Our research has suggested that more than 75% of property investors prefer to rely on peer-to-peer recommendations when they need a new trade or professional contact.  Therefore, our Directory will be built by members for members.  The News element of the site was established to attract the interest of search engines as well as the landlord community prior to launching the full functionality, which takes a lot more programming and investment.

 

Rob: Have you had any problems from the men with moustaches for using the name 118?

Mark:  Not at all, 118 is the prefix number for all telephone directories in the UK following the de-monopolisation of the directory enquiry service.  The men with moustaches don’t own the 118 prefix and numbers alone cannot be trademarked.

 

Rob:  You mentioned “full functionality”, can you explain further?

Mark:  Yes, we want Property118.com to become an online community for property investors where they can share best practice, trusted/reliable/competitive professional and trade connections and also utilise Number Cruncher tools in a secure environment to analyse their portfolio’s and future investment decisions.

 

Rob:  You mentioned security, which is obviously very important if people are imputing sensitive information, and using the web site to analyse their investment, how does this work.

Mark: The secure areas of our web-site use the same security technology as online banking.  For those who are into tech, it’s known as SSL certified encryption over an https:// URL

 

Rob:  How much does the service cost?

Mark:  That’s the best bit Rob.  Membership of Property118.com is completely free.  The entire operation is funded through sponsorships and advertising.

 

Rob:  Could that compromise the integrity of the site?

Mark:  Absolutely no way.  We only offer premium listing to companies who are recommended by members.  This enables Members to see how many recommendations each trade or professional person has and which Members recommended them.  It’s a true peer-to-peer recommendation.  We don’t sell leads we do not email our members on behalf of other companies.  If we feature a companies services in our web site we do so based on merit, not the size of their advertising budgets.

 

Rob:  It all sounds like a very well though through business model Mark, where can people find out more?

Mark:  Just take a look around the web-site www.Property118.com and remember to register to unlock access to all the goodies available to our members.

 

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Walker Fox, the social web, property and how much Google loves us all

In response to yesterdays exercise entitled ‘Me, the social web, property and how much Google loves us all’ another good friend of mine, Nick Parkin of Pimlico Flats left a comment asking about the success of the Google term ‘Wakefield Property Consultant’ as essentially this is what we do and should have at least as much exposure as the founder, Rob Hubbard (me!)

The results however are a little disappointing to say the least.

By clicking on the logo below, you can view them for yourselves.

Property consultant wakefield

The first seven listings on Page One are sponsored, Walker Fox does not feature until position seven and then doesn’t feature again until Page Two, listing four….most disappointing to say the least.

This means that the relevant content that Walker Fox are putting out on the web is not effectively transmitting the message of what we do ie Consult on Property matters. By reviewing the content on the static pages in the first instance and then adding new content on a regular basis which is relevant to the term ‘Property Consultant’ and associated terms, the rankings should improve significantly.

Incidentally, Googling the term ‘Property Sourcing Wakefield’ provides Page One listings One to Three, all of which are articles on this blog and at listing seven.

Please feel free to leave a comment if you have enjoyed this article. Alternatively, why not try your own google search and link back to this as the inspirational source.

Again, a special thanks to Nick Parkin & thanks for reading.

Rob

Commercial Management & Property Consultant,
Wakefield, West Yorkshire
Please visit my website, read the property blog & leave a comment; www.walkerfox.co.uk
E: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox

Assessing financial risk to a project using a risk matrix

I have been asked by private message and on the Property Tribes forum to share some information on the assessment of financial risk to your property portfolio in order to more accurately forecast a net yield.

Here is the spreadsheet that needs to be populated >>>>Risk Matrix

Guidance notes on how to populate are below.

Risk Explanation

Firstly, you should sit down and list out all of the factors that could cause you to incur additional expense say, over the next accounting year where you are unable to provide a fixed cost to go into your cost forecast.

The following example is provided to illustrate how the risk matrix works.

One of the items relates to the potential risk and cost of having to replace the central heating boiler, one that we all know happens at some time or another.

Using the spreadsheet….

1) Identify the risks and assess the value

  • You identify that the boiler may breakdown beyond economical repair
  • You estimate that is this event occurs, the maximum cost for replacement will be £1,500.00
  • You then make an assessment of the severity of this risk if it occurs (On a scale of 1 to 5 with 5 being the most severe)
  • You then assess the probability of the risk occurring (On a scale of 1 to 5 with 5 being the most probable)
  • The spreadsheet calculates that the Risk Factor is a 12 (RED, High risk)
  • The spreadsheet automatically calculates the assessed risk, in this instance £720.00 (In the assessed risk column)

2) Identify Possible Mitigation

  • You examine ways to mitigate the risk and decide that you could take out British Gas Homecare cover or similar.
  • You calculate the cost of carrying out this mitigation (On the mitigation worksheet) and add this to actual cost on your forecast.

3) Reassess the Risk Following Mitigation

  • You reassess the severity of the risk following the proposed mitigation measures
  • You then reassess the probability of the risk occurring following the mitigation measures
  • The spreadsheet calculates that the Risk Factor has been reduced to a 3 (GREEN, little chance of the risk occurring, as you are now protected against all cost relating to breakdown)
  • The spreadsheet calculates the residual risk to be £60.00, in the residual risk column, this should be added to your cost forecast as an forecast cost.

4) Actual Cost

  • The spreadsheet calculates the total actualcost to be carried to your cost forecast summary for use in future years forecasting.

5) If No Mitigation Proposed

  • If no mitigation measures are proposed and the Mitigation Cost column is nil, then the spreadsheet should carry the assessed risk forward to the Summary.

Please feel free to share this information and the risk matrix as you see fit, all I ask in return is that you credit Walker Fox as the source.

Rob

Commercial Management & Property Consultant,
Wakefield, West Yorkshire
www.walkerfox.co.uk
E: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox

Do you think that calling someone a tea party activist is a condescending insult?

Recently in the world of property forums there has been somewhat of a shake up.

Following the sad demise of Singing Pig it ultimately came to an abrupt end when Rapid Property Group and its owner Phil Martin effectively ceased trading. As expected and indeed, foreseen by many there followed a huge increase in both membership and traffic another popular forum, Property Tribes. Property Tribes is now ranked as the most popular property based forum in the UK and has impressive stats to back these claims up (Authors note, I will embed these at a later date as an edit).

The general theme on Singing Pig was often quite boisterous and occasionaly quite offensive, this provided a broad feeding ground for Trolls of with a broad agenda. However, in contrast, Property Tribes has always had a feeling of being ‘nice place to be’

Since early December there has been much and varied activity on Property Tribes which can only be a good thing for the community at large. On a few occasions, the forum has been described as a ‘tea party’

Tea Party

I came across this discussion on Yahoo Answers which I find interesting.

Do you think that calling someone a tea party activist is a condescending insult? For example,

“He is like a Tea Party activist yelling all the right words.”

“Tea Party is a cursory expression of what happened in Boston that day. The actual underlying activity was the Apple Cider Party that happened afterwards which then became the actual catalyst to the American Revolution. The American rebels threw all the tea overboard but brought home all the apple cider over which they discussed revolutionary plans.”

Tea was important to the British but apple cider was important to the Americans. On the surface, the Boston tea party seemed to be provoked by the British Parliament’s 1773 Tea Act. But the actual provocative issue was that the British restricted the Americans from brewing our favorite beverage at that time and Americans had to drink apple cider imported from England in pubs or else moonshine them at home.

Tea partying addresses the irrelevant issues (the 1773 Tea Act and Americans at that time did not like tea at all), whereas apple cider partying addresses the underlying core issues – the real issues.

Do you think Tea Partyers today just yell the right words but not address the relevant issues?

In my opinion, it doesn’t matter what the community is called, what matters is that people take notice and listen to the varying opinions that are shared, criticism for the sake of criticising is futile and meaningless. Provided that opinion is not radicalised, defamatory and masking an ulterior motive (ie transparent) then the holders of the opinion(s) cannot be discredited

2011 dates announced for Northern Property Tribes, The meeting for Property Investors


We have pleasure in announcing the 2011 dates for the gathering of the Northern Property Tribe.

19 January 2011

16 March 2011

18 May 2011

20 July 2011

21 September 2011

16 November 2011

The Northern Property Tribe is a regional group born out of the online community ‘Property Tribes’. We stand for 100% Property; networking, discussion and education. Come and find out what is happening in the tribe and uncover the insider knowledge and connections that will help you succeed!

For more details and to book your place, please visit our website

Why do people criticise and attack?

It could be that there is a single person or group of people on your life that seem to constantly criticise you or the way that you do things.

This can manifest itself by comments about how you look, how you act or maybe your boss or a work colleague are constantly putting you down, un-reasonably criticising your work. Another ever increasing method of receiving criticism is through online media. Maybe you feel that your opinions on interest forums are being unreasonably attacked rather than critically commented upon.

This constant barrage of negativity can leave you feeling low and with low levels of self esteem or even depressed. There are also often feelings of self doubt, wondering what YOU have done in order to solicit such unwelcome comments and feedback.

Often the people who are actually taking part and generating the criticism are in fact projecting onto others how they feel about themselves. It is often a defence mechanism that kicks in which enables them to state what they think that your opinion of them is first, a sort or pre-emptive strike.

How can you fight back?

Well you can either ignore the attacks or you can try to come back with a sharp response. Often these sort of people feel rejected and feel the need to grab immediate attention, similar in the way that a naughty child might do. They have yet to understand the differences between positive and negative attention

Their perception of you is probably one of someone who has a happy and contended life, maybe a nice home, a nice car, a good job or successful in business. Therefore, these attacks are almost certainly motivated by insecurity and/or jealousy.

The best and most effective way to fight back is to do nothing!

By not reacting (answering back) these people attacking are not getting the attention that they crave and although it may not seem like it at the time will move on. You may feel sorry for them or even pity them. Sometimes although rarely it can help to ask them what their real issues are and how you can help however, most common the best solution is just to walk away and distance yourself from the attacks.

Walker Fox visits Leeds PIN meeting

Last night I attended the Leeds PIN meeting (Property Investors Network) at the Crowne Plaza hotel in Leeds city centre.

The meeting was held in a ground floor function room in the hotel with seats set in a traditional theatre layout facing the speakers table at the front of the room, their were chairs set for around 40 guests.

I attended with friend and colleague John Paul from The Castledene Group, John had travelled down from County Durham to see if he could meet a few more people in advance of speaking at the PIN Manchester meeting next week.

We arrived at 6.00pm for registration which for us, merely involved writing our names on a sticker to wear as we were both pre-registered onto the event. Interestingly, for new attendees (as we both were) our names were underlined. This was to highlight us as ‘new people’ to other new people so that we all felt more comfortable and not alone.

By around 6.45pm the room was almost full and people were mixing well and chatting between themselves. I had the pleasure of meeting my youngest ever property investor yet, a young gentleman age only 15! He was telling me about his latest deal whereby he negotiated a purchase of a property worth 67k for an agreed price of only 36k, wow! I thought, what a negotiator!

The meeting was opened by Dave Price who is the local host for Property Investors Network, Dave ran through a brief agenda and also advised that this months free prize draw for those who had pre-registered for the event would be a free place on one of Simon Zutshi’s training days.

We were presented with a local Lettings Update by Lee Sykes of Concentric Lettings in Guiseley, Leeds shared with the room some interesting information such as an increase in rental demand of around 19% in Q3 of 2010 along with a note of caution due to a new trend emerging towards bogus letting agents who are tricking prospective tenants into parting with deposit bonds and advance rental payments for properties that don not actually exist.

Leeds PIN something new this month, it was entitled ‘speed networking’ this concept involved the delegates being split into two groups facing each other. You were then given 30 seconds to tell the person opposite about yourself and what your involvement in property is. After 30 seconds, the roles of speaker/listener were reversed. Each minute, the person on the inside line moved down a place and the process was repeated. The general concensus was that this was a great way of meeting new people without waffling on. However, 1 minute per person would have been a better time period.

The main speaker for the event was Glenn Ackroyd. Glenn shared with us his background from growing up within a state benefit culture on a Bradford housing estate through obtaining his first job at the local county court to becoming a successful property investor owning over 100 properties.

Glenn spoke at length about the importance of a good strategy and explained how he faced financial ruin at the onset of the financial crisis back in 2008 and the steps that he has personally put into place since in order to protect his portfolio and now has the opportunity to share some of these strategies with others. Incidentally, Glenn will be having an in-depth article published in the December edition of Your Property Network magazine on this subject.

After the main speaker there was a general networking/discussion period. As it was around 9.00pm I said goodbye to a few people and made my way home having thoroughly enjoyed my evening and an intention to attend the next event in the New Year.

If you would like to comment on this article our discuss any of the content on this site, please contact me on 07960 753550 or via email rob@walkerfox.co.uk or to visit our website on www.walkerfox.co.uk.

You can also follow us on Twitter.

NMD -What do the LENDERS say on the matter?

A really interesting debate blew up at the weekend on the social web. It seemed to originate from the posting of a video interview between Vanessa Warwick & Lisa Williams (Orme) for PT-TV.

This lead to one of th most censored and abusive threads I have seen on a property forum, you can read the current thread on Singing Pig here

Following on from the PT-TV video, Phil Martin recorded his own three part series apparently looking to dispel the ‘NMD scaremongers – Your time is up!’

It’s been claimed that if you purchase a property that is worth 100k, for only 75k the 25% equity can be used as some or all of your deposit, we are talking about ‘existing stock’ here.

I contacted the following mortgage lenders. Each one is a member of the CML and there contact details were obtained from their respective websites. All names used are actual names obtained during the telephone calls.

I asked the question…………..

“Are you happy with me using an equity deposit of 25% of the value of a property that I may consider purchasing?”

Here are the answers obtained…..

Aldermore Bank Plc – 0333 321 1000

If the valuer values the property at 75k we would require a full deposit. If the valuer values the property at 100k we would require a minimum 5% cash deposit from you. However, we would not accept the application as the maximum vendor gift is 5% of the value, you are asking us to allow 25%

Santander Bank – 0800 023 2761

A very nice lady called Michaela told me ‘Irrespective of the value of the property, we would require a minimum 25% deposit against the ACTUAL PURCHASE PRICE PAID

Accord Mortgages – 0845 1 200 882

Theresa said ‘We don’t actually provide Buy To Let mortgages at the moment however, in any event you we wpould only provide you with a maximum of 85% funding against the ACTUAL PURCHASE PRICE of the property.

Birmingham Midshires – 0845 300 2627

According to Michelle, they will only finance up to 75% of the ACTUAL PURCHASE PRICE PAID and are not interested in the value of the property apart from THE ACTUAL PURCHASE PRICE PAID, the rental coverage and the applicants income as well as credit history etc.

Lloyds TSB Mortgages (Cheltenham & Gloucester)- 0800 783 3534

Debbie told me that they will only lend up to 75% of the ACTUAL PURCHASE PRICE PAID irrespective of the value of the property, they would require a minimum 25% deposit and the use of existing equity was not allowed

Natwest Home Loans – 0845 702 3845

‘All lenders require a minimum 25% deposit for Buy to Let mortgages’ according to Bal, the maximum loan to value is 75% of the ACTUAL PURCHASE PRICE she said. No lenders to the best of her knowledge would allow equity in the property to be used as some or all of the deposit for a Buy to Let mortgage.

Paragon Mortgages – 0845 849 4040

Michelle Bailey went and checked with their underwriters who confirmed that they would only lend against the ACTUAL PURCHASE PRICE at a maximu loan to value of 75% and not the value of the property.

First Trust Bank – 0845 6005 925

Again, Brian went off and checked with the mortgage retention team to check, he came back and advised that they would only provide a maximum loan to value of 75% of the ACTUAL PURCHASE PRICE and that the balance must come from the purchasers own funds.

The Mortgage Works – 0845 45 45 400</u>

I spoke to Andrew on the telephone who was very thorough it obtaining questions asked by the underwriter. Firstly, they will not lend against any sort of financially distressed sale. Secondly, they will only lend a maximum 70% against the <b>ACTUAL PURCHASE PRICE PAID</b> they will NOT take into account any equity acquired as part of the purchase.

From the study undertaken, its quite clear that…

  • You can’t use conventional High Street (CML member) finance to purchase No Money Down!
  • Lenders will not accept equity that you have gained in the property as some or all of your deposit!
  • All lenders require you to disclose the actual price paid and base their offer of funding on this, not the value

Please feel free to challenge any of the above, I have provided all of the links to enable contact to be made. I’m intrigued as to which BTL lenders are allowing these ‘legitimate’ NMD practices to proceed.

My findings are also published on the Property Tribes forum

The Property Investor Show 2010 – My thoughts

I attended The Property Investor Show held at Excel, London last month

More recently, I was interviewed by Vanessa Warwick of Property Tribes (@4_walls) to find out what I had enjoyed and learnt about the experience.

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