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Darwinian natural selection will ensure property will once again boom.
Comments
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formulaonefan wrote: »Did you manage to get good reductions? I think you put offers on repos? Is it worth putting in 30-40% less than asking price on new builds?
unless you have an excellent Rental Yield - it's probably best to keep away from new builds...0 -
It's nothing to do with Darwin. It's from the ten commandments. Greed will kep people in check while prices fall. Then Greed will kick back in causing prices to boom again.
Only rules to maintain lending multiples will help curb this, then eventually Greed will find a back door to avoid or manipulate these rules.
Let's hope next time we don't have a Greedy Government too - then they may not be caught sleeping at the wheel.
Greed is an interesting word to disect.
How about good old socialist 'REDISTRIBUTIVE' Tony Ben - he of the £4m house in Holland park - why does he need a home like that when there are kids in poverty? Is his not greed - or is he just better at concealing it?0 -
DNA and evolution didn't help the dinosaurs survive. I'm sure they needed a habitat as well.Retired in 2015.
Moved to Ireland September 20170 -
In the end demand is driven by evolution. We desire habitat.
the crunch word is "evolution"...
so we could evolve further, develop ways to accept alternative habitats...perhaps developers are advanced cellular organisms, providing rabbit hutches because thats what we need for the good of our kind...
in time, we may further evolve to become tolerant of millions of flats, because we need to go through knocking down lots of grotty blocks, again...
in a long time, we might actually learn from history - just around the time the sun explodes.0 -
Doesn't really work with housing. People who can't afford housing don't die, they just get a council place and pop out a kid a year which the rest of us mugs pay for.
The majority still aspire to thier own private habitat, and it is this evolutionary traite that drives demand in the end.
The same can be seen on any crowded beach.
All this talk of bannishing boom is weak set against evolution.
It's the very same evolutionary imperatives that cause men on average (exceptions always apply) to instinctively process a slim figure as more attractive, or women on balance to prefer a 'fit' looking male. Again DNA drives the same process - of ensuring selections are made that best afford the organisms long survival.0 -
formulaonefan wrote: »Did you manage to get good reductions? I think you put offers on repos? Is it worth putting in 30-40% less than asking price on new builds?
New builds can be toxic, so you need to decide based on your own local demand.
I found a good one, but thats not to say I dont harbour doubts.
Ive gone for town centre where the supply of new build to the centre has pretty much been exhausted (no space more).
Discount I beleive to be in the region of 40%.
Yield after monthly service charge is 7.2% - ok ish0 -
But lots of countries haven't had booms such as we have. Are they less Darwinian?...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0
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I am a creationist... God has built all the houses we are ever likely to need :rolleyes:0
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It's the very same evolutionary imperatives that cause men on average (exceptions always apply) to instinctively process a slim figure as more attractive, or women on balance to prefer a 'fit' looking male. Again DNA drives the same process - of ensuring selections are made that best afford the organisms long survival.
I remember reading an article about a father who found out that both his children had been fathered by other men after realising that his daughter's eye colour was incorrect if she was a product of him and his wife. DNA testing then showed that neither child was his. The article said that geneticists say that at least 1 in 10 children are sending a fathers day card the the wrong father.
They said that some women would choose a husband who could provide for a family and then have their children with fitter, younger males, to ensure their genes had the best specimens. It reminded me of that old joke - husband says to wife "our last child is ugly, who fathered that". Wife replies "you did".RENTING? Have you checked to see that your landlord has permission from their mortgage lender to rent the property? If not, you could be thrown out with very little notice.
Read the sticky on the House Buying, Renting & Selling board.0
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