London Has Peaked

Bubble_and_Squeak

chewmylegoff wrote: »

See above... The one that sold for £565k is about 950 sq ft and the one that is listed for £450k is about 675 sq ft...

ah, the old square foot trick.
surely, do an extension £30k,
loft £40k
make up the space (i'm guessing thats why its bigger)
still a "bargain" compared to the £565k one?

chewmylegoff

Bubble_and_Squeak wrote: »

ah, the old square foot trick.
surely, do an extension £30k,
loft £40k
make up the space (i'm guessing thats why its bigger)
still a "bargain" compared to the £565k one?

There is always a premium over the cost of smaller house + extension commanded by the house that has already been extended. It's called the "can't be arsed to do the extension myself" premium.

Without it, property developers would not exist.

Bubble_and_Squeak

chewmylegoff wrote: »

There is always a premium over the cost of smaller house + extension commanded by the house that has already been extended. It's called the "can't be arsed to do the extension myself" premium.

Without it, property developers would not exist.

but the estate agent can pull the old make-it-your-own trick
they love that one
anyway, i just noticed
the cheaper has no window in the bathroom
that knocks at least £10k off for me

chewmylegoff

The more expensive one has a sunny disposition as well. Enough said.

ukcarper

Bubble_and_Squeak wrote: »

ever increasing HPI requires ever increasing money coming in, no?
now that the money coming in has reduced the bubble is deflating.
it could unwind just as quickly as it went up.
once the expectation of falling prices takes hold people will delay their purchase.
alas, such is the nature of a bubble.

Obviously if things increase in price more money is required but that is not a Ponzi scheme or indicative of a bubble.

wotsthat

Bubble_and_Squeak wrote: »

but the estate agent can pull the old make-it-your-own trick
they love that one
anyway, i just noticed
the cheaper has no window in the bathroom
that knocks at least £10k off for me

Ahh the old clutching at straws trick.

Aren't you even slightly embarrassed about some of the links you've been posting and the conclusions you've made?

System

Bubble_and_Squeak wrote: »

how did you find that out?

'kin hell.

http://www.zoopla.co.uk/property/74-farmilo-road/london/e17-8jw/7940641

wotsthat

Gangaweed wrote: »

That is quite simple.

New entrants are required to enable existing home owners to upgrade.

New entrants (FTBs) are required to come in in order to inject cash to enable those higher up the "ladder" to continue to progress up the ladder.

The concept that you buy a house, wait for the market to increase in value, then upgrade, rinse and repeat is a pyramid scheme out and out.

Not a Ponzi or pyramid scheme but if you're concerned why not report it..

http://www.actionfraud.police.uk/fraud_protection/pyramid_schemes

wotsthat

Joeskeppi wrote: »

'kin hell.

http://www.zoopla.co.uk/property/74-farmilo-road/london/e17-8jw/7940641

I live 150 miles from Bubble's area and 300 miles from Crashy's but know more about their local areas than they do.

Don't they get Google in Walthamstow?

Bubble_and_Squeak

wotsthat wrote: »

Ahh the old clutching at straws trick.

Aren't you even slightly embarrassed about some of the links you've been posting and the conclusions you've made?

not really.
the chances of those asking prices being achieved are negligible.
these are the first signs of trouble in bubbleland.