Stratford still a good buy for long term

meanmachine_2

I was in WHSmith the other day and was amazed to see a new monthly mag for expectant dads.

!!!!!!?!! Wife has kid, dad teaches kid football, and poss birds and bees, kid leaves home.

And that's it.

The western world is disappearing up its own fundament.

stratford_2

meanmachine wrote:

Also, how can anyone predict any kind of rise so accurately? 23%? How and why? Why not 45.678%? Why not -21.333333333%?

I agree it's all rubbish - just used it as an example of supposed future price movements compared to the rest of the London market. Full article was published in the Evening Standard last month and of course I believe everything I read in that.:rolleyes:

poopscoop

meanmachine wrote:

I was in WHSmith the other day and was amazed to see a new monthly mag for expectant dads.

!!!!!!?!! Wife has kid, dad teaches kid football, and poss birds and bees, kid leaves home.

And that's it.

The western world is disappearing up its own fundament.

your glass half empty? :beer:

mr_fishbulb

toothwiz wrote:

3 years ago they were 185k. Am kicking myself about not buying then. Am hoping that in 10 years it will be worth at least 300k !

That's what everyone who buys a house hopes. But there is no way the prices can continue to go up and up. The reason is first time buyers. You need them to keep the property market going. As has already been said on this thread, you can see lots of vacant flats for rent - that's the saturated buy-to-let market.

The price of a FTB type house is very high compared to salaries of people of FTB age (even when you take into account that people are buying property when they are older now becuase of the cost). It can't go much higher otherwise FTBs will not be able to afford mortgage repayments.

Sibelius

Have you considered buying slightly further afield such as Forest Gate or Manor Park? There are 2 bedroom terraced houses on the market for as little as £185,000. Some of them may need a little work doing on them though. Both areas have good bus and train links to Stratford. There is also the added advantage of being near Wanstead Flats - a welcome piece of open land.

black-saturn

Or for £175,000 there is a house for sale in Whitby. It overlooks the staithe, has 3 bedrooms with ensuite bathrooms, large courtyard area and large grassed area, garage, driveway and spectacular views of the harbour and sea. Big bonus is its in a nice area and you could let it out to holiday makers.

lynzpower

mr_fishbulb wrote:

That's what everyone who buys a house hopes. But there is no way the prices can continue to go up and up. The reason is first time buyers. You need them to keep the property market going. As has already been said on this thread, you can see lots of vacant flats for rent - that's the saturated buy-to-let market.

The price of a FTB type house is very high compared to salaries of people of FTB age (even when you take into account that people are buying property when they are older now becuase of the cost). It can't go much higher otherwise FTBs will not be able to afford mortgage repayments.

Nor able to afford to rent in these trendy new builds either by the looks of things

suered

Stratford

Noticed you mentioned good Thai and Indian - would you mind posting the addresses pls as I've just lost my local Thai source in Bow.

Thanks

lynzpower

Suered

Which thai place were you going to in bow ( im in bow too!)

I occasionally go to Rama on the Stepney side of mile end rd, near the Scream pub. pretty good, nice prices too :beer:

nmiah786

lynzpower wrote:

Suered

Which thai place were you going to in bow ( im in bow too!)

I occasionally go to Rama on the Stepney side of mile end rd, near the Scream pub. pretty good, nice prices too :beer:

Rama is quite good, I have to agree.