Will London HPI exceed 10% in 2012?

nollag2006

Extra 2% on £2m houses is nothing to those sort of purchasers. You need to try harder brit.

brit1234

nollag2006 wrote: »

Extra 2% on £2m houses is nothing to those sort of purchasers. You need to try harder brit.

So you discount the single biggest factor by far which has been putting prices up in London ie the foreign investor who has been targeted by these stamp duty changes?

If not the foreign investor then where does the double digit house price inflation come from?

Is it the general public with wages freezes being bittern by inflation?

Is it the bankers who are having their bonuses reduced?

There is no logic in your argument at all. You are just a substance-less vested interest ramper.

nollag2006

Again brit - an incremental 2% is nothing to these sort of people. Of course EAs are going to kick off about it - they will wail about anything that makes their job harder, but we both know its just noise in the end.

As for me being a VI, well if that isnt the pot calling the kettle black, I dont know what is.

JonnyBravo

homelessskilledworker wrote: »

For anyone who has the inclination just go back and check records, it's all there:rotfl:

It's not all there though is it?
Some of your posts were deleted just as you got PPR'ed for a while. You "went off on one" if I recall.
And all in a faux rage that someone had identified the photo you used as your avatar.

-sob-

brit1234

nollag2006 wrote: »

Again brit - an incremental 2% is nothing to these sort of people.

I think you are slightly confused. It is an increase of a minimum 7% not 2%. You forget that in the vast majority of these London properties are bought by foreigners under companies to avoid stamp duty.

So now you have the position where they carry on that way and pay 15% stamp duty or the other way and pay 7% stamp duty.

On top of that all their property they own now and purchase later is as of last week subject to capital gains tax. That is a great deterrent which either you ignore or don't know about. You do realise all this foreign purchases is about investing and protecting their money. The deal has got a lot more bitter for them and the biggest investors the Italians are now being taxed on properties they own abroad.

So I say again where is this double digit property growth coming from now?

nollag2006

So are you still holding out for the 50% down by June, that you so gleefully predicted in 2008?

I'd say the increase in stamp duty from 5% to 7% for multi-million pound properties might just be the tipping point, eh?



Poor old brit

homelessskilledworker

JonnyBravo wrote: »

It's not all there though is it?
Some of your posts were deleted just as you got PPR'ed for a while. You "went off on one" if I recall.
And all in a faux rage that someone had identified the photo you used as your avatar.

-sob-

Oh here we go again with more of your BS:)

As with another half dozen morons on this board the only thing that bothers you about certain posters are the ones where you don't like the message.

Why don't you just pack in you disingenious attempts at attacking posters rather than the message.

But I do thank you to a point, I will have problems with watching people lose homes and struggle with their mortgage debts, it's even happening now with many people.

But the thought of people like you struggling in a bear housing market or even losing your home makes it all the more easier:)

homelessskilledworker

I know I am wasting my time on this two dimensional trolling board, but when the banks failed to the point where we were hours from a national crisis, AND THEY DID FAIL.
Nobody could have predicted(and nobody on this board) that interest rates would be lowered to the level they are now.

The property crash has not been averted it has been held off, but you guys carry on believing your own hype if it gives you comfort, most of pretend bulls as well as the bears know what is coming.

ess0two

homelessskilledworker wrote: »

Oh here we go again with more of your BS:)

As with another half dozen morons on this board the only thing that bothers you about certain posters are the ones where you don't like the message.

Why don't you just pack in you disingenious attempts at attacking posters rather than the message.

But I do thank you to a point, I will have problems with watching people lose homes and struggle with their mortgage debts, it's even happening now with many people.

But the thought of people like you struggling in a bear housing market or even losing your home makes it all the more easier:)

??? Move on

homelessskilledworker

ess0two wrote: »

??? Move on

I will be soon!!

Into Sibley or Joeskeppi!!!!!! or wotsthat or JohnyBravo's repossessed homes.:)