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Debate House Prices
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Properties with the biggest drops in prices
Comments
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Bubble_and_Squeak wrote: »sigh
you know what i mean
london
20% HPI
how is that not a bubble?
Lol you have no idea what a bubble is judging by this statement...... Just because you can't afford to buy doesn't mean it's a bubble.
Oh well, I'm sure you'll figure it out one day :beer:0 -
Jack_Johnson_the_acorn wrote: »Lol you have no idea what a bubble is judging by this statement...... Just because you can't afford to buy doesn't mean it's a bubble.
Oh well, I'm sure you'll figure it out one day :beer:
and it appears you are bubble blind0 -
but, but, nationwide is up this month?
but, but, land registry is up this month?
why oh why will no one pay £330,000 for my beautiful house?
or £300,000?
or £275,000, we're practically giving it away??:(0 -
I agree bubble and squeak, looks good value to me0
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Asking prices are not selling prices. Watch as selling prices keep rising.Bubble_and_Squeak wrote: »but, but, nationwide is up this month?
but, but, land registry is up this month?
why oh why will no one pay £330,000 for my beautiful house?
or £300,000?
or £275,000, we're practically giving it away??:(0 -
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HAMISH_MCTAVISH wrote: »You really don't know the history of property bubbles....
At the peak of the Japanese bubble in 1989, the Chairman of Sony could not afford to buy a house in Tokyo, and the land under the Emperor's palace was valued at more than the entire state of California. Or about twice the UK.
History is littered with examples of proper bubbles, house prices at 80 or 100 times average earnings......
London today is nowhere near bubble territory, and the rest of the UK is even further away.
Do you actually live in London or you are just trolling? As if it needed to go the same extreme as the Tokyo example (if your figure are actually any true...) to define a bubble0 -
I think none of them actually live in London and therefore they dont see the problem with these insane extreme prices.0
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The average FTB ratio in London is similar to the rest of the UK. The market has a concentration of people and jobs which coupled with low supply has resulted in these prices. It is a highly desirable place to live. There are many buyers trying to get a property and this won't change. (I live in London BTW).I think none of them actually live in London and therefore they dont see the problem with these insane extreme prices.0 -
London has the lowest debt to value in the UK at 22% debt to value. You don't get much further away from a bubble than that!Bubble_and_Squeak wrote: »sigh
you know what i mean
london
20% HPI
how is that not a bubble?0
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