'We've reached a tipping point' Signs of house price weakness

wotsthat

Bubble_and_Squeak wrote: »

prime london is falling, no?

Not just falling - crashing since January according to the HPC thread.

padington

Bubble_and_Squeak wrote: »

yes, you're right
they're putting some fresh asphalt on the high road and a new bench outside morrisons
just watch N22 defy market forces

In twelve months let's return to this post.

Bubble_and_Squeak

padington wrote: »

In twelve months let's return to this post.

ah, so you think the tories will win

Pete9501

Bubble_and_Squeak wrote: »

ah, so you think the tories will win

Are there any alternatives :rotfl:

padington

Bubble_and_Squeak wrote: »

ah, so you think the tories will win

Mansion tax will cause cheapside london to become more sought after I would have thought . In my opinion it's already happening hence Haringey and lewisham up etc. it's a game of two halves now. Time to be on the wrong side of the tracks.

So it's a little upside if labour win for relatively cheap properties I reckon but a total win if the Tories do. So a reasonably safe bet after saved rent etc. I could be wrong but that's my call. I'm not selling.

I wouldn't be surprised if the election ends with another coalition with the mansion tax being the first proposal that comes off the table.

If Labour come in hard and crash property prices with it across the table, I'll head off travelling and rent my place out, wouldn't like to be around when that happens. It's a shame, I think we need more equality not less but given the forces of global capital, slicing the pie up differently just seems to shrink the pie altogether.

lisyloo

Its rubbish having to tug your forelock to some cretin in a fat tie, who tuts at 6 monthly inspections.

Long delay in replying - sorry.
My landlord is living in another part of the country so unlikely to want to drop in. No agents either.
From what people have said I guess we just got very lucky.

I've compared buying and renting in our situation (CGT, buying & selling fees, service charges vs higher rate tax relief, employee NI, employer NI & corporation tax savings) and it looks like we are better off renting (unless we stay > 9.5 years which isn't our intention).
Renting is also infinitely superior in terms of liquidity, flexibillity and diversity.

So for example with my pension I can invest in about 50,000 things and change it whenever I want as opposed to a single property.

I didn't put "tugging my forlock" into my spreadhseet. We seem to have escaped that although I appreciate we may have got very lucky this time (so has own lanlord TBH having middle aged owners who know how to look after stuff and don't party). The worst risk is a Pinot Grigio spillage which won't damage the lino or hard flooring.

AndyGuil

Bubble_and_Squeak wrote: »

ah, so you think the tories will win

Almost certainly will. Labour have lost Scotland so they are doing and out. Absolute worst case for Tories if they don't get a majority is they have to pair up with a few UKIP to make up the last few seats or Lib Dems again.

James_B.

Crashy_Time wrote: »

I think the financial fortunes of many posting on here relies on the herd continuing to do that. Unfortunately for them the herd turned some time ago.

Really? Was that the peak in April, then?

fordcapri2000

wotsthat wrote: »

Not just falling - crashing since January according to the HPC thread.

Yeah yeah yeah....

Just logged on to MSE for the first time yonks in the hope I might learn something new, fat chance.
Still the same obsessives trolling of the same repetitive drivel day after day after month after month from the same bunch of no life PC screen warriors.

Give us something original and new rather than this irrational crying over "property bears" and HPC

mayonnaise

Hey Foxy good to see you. How's the chickens?