Crossrail route to enjoy 25% house price rises

chewmylegoff

Thrugelmir wrote: »

Very commutable to Oxford amongst other places.

i don't think the faringdon branch of crossrail will be built until sometime after brit1234 buys a house (sept 3042 is the current best estimate).

Mallotum_X

While the figure itself probably has no basis the idea that better transport connections increase house prices is hardy rocket science, especially in the London area.

Loughton_Monkey

chewmylegoff wrote: »

i don't think the faringdon branch of crossrail will be built until sometime after brit1234 buys a house (sept 3042 is the current best estimate).

Well I for one don't think Brit will live above the age 1000.

He's on "First Time Buyer Strike", which is rather quaint. Strikers normally have someone to negotiate with. I can't think who this would be in his case. I envisage him sitting in some tree somewhere, waving an amateur felt-tip placard of cardboard stapled to a broom handle, saying "Can't buy! Won't buy!", and wielding a megaphone through which he used to shout "Sh1tty, Shabby Shappsy - out, out, out!", but now shouts "Prisk's a Plonker" or similar.

Rather perversely, this area used to house Fleet Prison - especially for debtors. The amount of extra debt to us taxpayers as a result of Crossrail will probably be 10,000 times the combined amount of debt accrued by the inmates. If they hadn't pulled it down, I for one would like to see Brother Brown serving life there.

chewmylegoff

Loughton_Monkey wrote: »

Well I for one don't think Brit will live above the age 1000.

He's on "First Time Buyer Strike", which is rather quaint. Strikers normally have someone to negotiate with. I can't think who this would be in his case. I envisage him sitting in some tree somewhere, waving an amateur felt-tip placard of cardboard stapled to a broom handle, saying "Can't buy! Won't buy!", and wielding a megaphone through which he used to shout "Sh1tty, Shabby Shappsy - out, out, out!", but now shouts "Prisk's a Plonker" or similar.

Rather perversely, this area used to house Fleet Prison - especially for debtors. The amount of extra debt to us taxpayers as a result of Crossrail will probably be 10,000 times the combined amount of debt accrued by the inmates. If they hadn't pulled it down, I for one would like to see Brother Brown serving life there.

i think you misunderestimate brit - he has been executing the remarkably effective stock market investment strategy of "buying in the dips" and "selling at the highs" that all "property bears" seem to be highly adept at (it's a wonder they don't give up their day job and become professional traders, in fact) such that he has trebled his deposit, and could be a mansion but is refusing to do so out of principle.

Loughton_Monkey

chewmylegoff wrote: »

i think you misunderestimate brit.

... nice one!

Conrad

I've dealt with some investors that have been targeting Ealing / Acton areas and they are expecting 50% uplift in 5 years. We've seem more dramatic risis in many parts of hitherto down at heel London before.

Loughton_Monkey

chewmylegoff wrote: »

i think you misunderestimate brit - he has been executing the remarkably effective stock market investment strategy of "buying in the dips" and "selling at the highs" that all "property bears" seem to be highly adept at (it's a wonder they don't give up their day job and become professional traders, in fact) such that he has trebled his deposit, and could be a mansion but is refusing to do so out of principle.

Why does he position himself as on "First Time Buyer Strike" then? If he once owned and then sold, he's not a FTB!

A bit like me, as a 63 year old male, going on 'pregnancy strike'!

Radiantsoul

I guess the impacts would be quite large though for even small savings in time. Assume a 20 minute journey saving for 228 working days at £20 per hour and a 3% discount rate gives a net present value saving of £38k over 50 years.

How this effects house prices is hard to judge, I am guessing this is a large part of the business case for crossrail and probably people will bid up house prices close to the links.

nollag2006

chewmylegoff wrote: »

i think you misunderestimate brit - he has been executing the remarkably effective stock market investment strategy of "buying in the dips" and "selling at the highs" that all "property bears" seem to be highly adept at (it's a wonder they don't give up their day job and become professional traders, in fact) such that he has trebled his deposit, and could be a mansion but is refusing to do so out of principle.

Not 100% fair on brit

She did pile into gold in September 2011 at its very peak. It was down 30% within months.

Oh dear...

chewmylegoff

nollag2006 wrote: »

Not 100% fair on brit

She did pile into gold in September 2011 at its very peak. It was down 30% within months.

Oh dear...

30% falls do not result in capital losses, they result in buying opportunities.