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

Jason74

KR200 wrote: »

The world marches on and whilst the more prudent of society may have knuckled down and taken advantage of your good fortune you !!!!!! it all away. Youth is wasted on the young so I will not judge you on that.

However you seem to think that you should be able to live in Zone 2-4 and it's your god given right.

Well if it's so crap here perhaps you'd care to tell me why 200,000 a year are queuing up at our borders to set up home and make a go of it?

I love classic cars and they have gone through the roof. House prices have nothing on these things. Some cars have leapt 50% in a year. I'm gutted they're out my reach but that's life. So what did I do? I set my sights lower. It's not my "right" to own a 70's racing 911 or 60's Zagato Alfa.

The entitlement culture of the indigenous specie is coming to an end. The only thing that angers me is that there are hundreds of thousands of foreign nationals living in London social housing contributing nothing. Thank Blair for that.

Seeing as Mr Smith GB PLC Average voted for that pond life for three consecutive terms I'm of the opinion that the average bloke in the street is getting his just desserts. Blair's cultural marxist legacy has ruined the very essence of the UK. It's now every man for himself.

Good luck. You are going to need it.

There's a lot of truth in this post, but the bit in bold is some way wide of the mark imho. The "every man for himself" approach was ingrained long before Blair got the keys to No. 10. and we have "the iron lady" and her cohorts to thank for that. I'm no fan of Blair, but unfair to blame him for something that had already happened by the time he had any real influence.

gallygirl

Jason74 wrote: »

There's a lot of truth in this post, but the bit in bold is some way wide of the mark imho. The "every man for himself" approach was ingrained long before Blair got the keys to No. 10. and we have "the iron lady" and her cohorts to thank for that. I'm no fan of Blair, but unfair to blame him for something that had already happened by the time he had any real influence.

Much as it pains me to defend Blair, I agree. The greed of 80's, encouraged by 'there's no such thing as society' ( yes, I know it was misquoted but the sentiment was certainly true), represented a very backwards step. Growth of entitlement matched by loss of personal responsibility - for self and the wider society.

CLAPTON

gallygirl wrote: »

Much as it pains me to defend Blair, I agree. The greed of 80's, encouraged by 'there's no such thing as society' ( yes, I know it was misquoted but the sentiment was certainly true), represented a very backwards step. Growth of entitlement matched by loss of personal responsibility - for self and the wider society.

it's not obvious how the 'greed of the 80s ' (by whom )
is really linked with the 'entitlement culture'

KR200

Jason74 wrote: »

There's a lot of truth in this post, but the bit in bold is some way wide of the mark imho. The "every man for himself" approach was ingrained long before Blair got the keys to No. 10. and we have "the iron lady" and her cohorts to thank for that. I'm no fan of Blair, but unfair to blame him for something that had already happened by the time he had any real influence.

I agree Thatcher and Tebbit were the architects of the get on your bike culture and greed is good. That's a core Tory ideal.

However there was a degree of cohesive society in days of yore. Blair and his traitors opened the floodgates for the worlds parasites and the rest is history. What are these people going to do save live in social housing and breed on benefits?

I buy into none of the LIBLABCON speil about growth,immigraton is good and we're on the right track. It's all utter $hite. Blair rubbed the rights noses in diversity and this in turn has altered the demographics of the UK. It is a veritible khazi and this in turn has I belive made society turn in on itself.

Then we have the next tier up being the Euro types from skint (make that corrupt) Euro countries doing Mc Jobs on tax credits. Again we're told this is good for the UK.

3rd party foreign investors have been allowed to use London property as a vehicle to make money and up to of late CGT free. What with this and the enormous pressure on housing per above we end up with this.

http://www.rightmove.co.uk/property-for-sale/property-49394405.html

So educated young grads cannot buy a $hitty council flat because it's circa 16 times their starting salary. It may as well be 100 times as the multiples bear no corrolation to the real world. However people who sit on their !!!!!s get to live in a place that a normal grounded educated type could never afford. Not to mention paying off their education fees. You'll need a 40 grand deposit for this place plus stamp and a 360k mortgage so it's a no go.

We are beyond screwed and I fully understand why the young feel there is no hope.

But if you want something enough you'll get it. Probably in another country that doesn't detest their workers and reward the workshy vermin.

I'm afraid we are doomed as a country. The left leaning nature of the west is encouraging every man and his dog to come here and plunder what gold we are prepared to give them. Meanwhile I can't get an appointment at a doctor for two weeks!

FYI - I've grafted and actually have done OK but am apalled as to what's going on. There is no real incentive to achieve when everything is so utterly skewed by the marxists. We're losing the brains and importing the dross.

We have a huge national debt which it appears is ok and the masses are encouraged to spend spend spend to prop up our cancered economy.

The natural order of things is !!!!! about face and I fear the future...

In fact I think I'll leave at some point when I cannot bear to see this great country overrun and the host engulfed. This is what the left want. My enemy's enemy is my friend...

gallygirl

CLAPTON wrote: »

it's not obvious how the 'greed of the 80s ' (by whom )
is really linked with the 'entitlement culture'

To my mind they were two sides of the same coin. 'If you've got it, flaunt it and screw everyone else' amongst the barrow boys in the City vs 'it's not fair, I want it, so give me it or I'll take it' from the underclass. Massive overgeneralisation I accept but I saw both things happening and feel they are linked.

mobfant

KR200 wrote: »

The world marches on and whilst the more prudent of society may have knuckled down and taken advantage of your good fortune you !!!!!! it all away. Youth is wasted on the young so I will not judge you on that.

However you seem to think that you should be able to live in Zone 2-4 and it's your god given right.

Well if it's so crap here perhaps you'd care to tell me why 200,000 a year are queuing up at our borders to set up home and make a go of it?

I love classic cars and they have gone through the roof. House prices have nothing on these things. Some cars have leapt 50% in a year. I'm gutted they're out my reach but that's life. So what did I do? I set my sights lower. It's not my "right" to own a 70's racing 911 or 60's Zagato Alfa.

The entitlement culture of the indigenous specie is coming to an end. The only thing that angers me is that there are hundreds of thousands of foreign nationals living in London social housing contributing nothing. Thank Blair for that.

Seeing as Mr Smith GB PLC Average voted for that pond life for three consecutive terms I'm of the opinion that the average bloke in the street is getting his just desserts. Blair's cultural marxist legacy has ruined the very essence of the UK. It's now every man for himself.

Good luck. You are going to need it.

That's a misleading analogy. Your car comparison is not akin to someone saying they have a right to a property in Zone 2-4, it's akin to someone saying they have a right to live in a Zone 1 penthouse.

Having the right to live in a reasonable-sized property for the size of you/your family (based on whatever dimensions are considered minimum) within a reasonable commute of your place of work (there's some research that shows that people who need to commute for longer than 30-40 minutes are far more unhappy) is something completely different.

You can of course argue that people should live somewhere else completely, but then it's the poorest that suffer and often those who do essential public service roles, who then choose to relocate or quit with all the consequences that has on everyone else who wants to live in that city, as well the economic benefits to society of urbanisation etc.

And people might choose a far larger house than they strictly need, or the pleasures of a suburban/village life etc, and they choose to make the tradeoff that entails with a longer commute. But that's a different scenario again.

Mallotum_X

1 bed flats within 30 mins train of st Pancras can be bought for £110k. Working in London and commuting is a much more affordable option, especially for ftb than many want to accept.

lisyloo

Can you post a link of an example?

Mallotum_X

lisyloo wrote: »

Can you post a link of an example?

http://www.zoopla.co.uk/for-sale/details/32486421?search_identifier=99c31306912cf00c3f4f28ac71946c71

http://www.zoopla.co.uk/for-sale/details/34989869?search_identifier=558b058b95829e867ec1d0d1406319e5

http://www.zoopla.co.uk/for-sale/details/34325918?search_identifier=558b058b95829e867ec1d0d1406319e5

Are a few quick finds with short walk to station and then a sub 30 min journey to St Pancras.

Up the budget a little and plenty more available. Certainly a lot more choice up to 125k

Lots of other towns with reasonable commutes and affordable prices.

padington

They'll be lots more flats built for those willing to pay the exorbitant train tickets to commute if Labour get their way but just don't expect a plethora of new houses built within cycling distance of the centre, people that own those little gems (on the cheap side of the tracks now) will always be sitting pretty.