London Has Peaked

ukcarper

Crashy_Time wrote: »

I think you are missing some zeros, or did I miss the crash?

No zeros missed

wotsthat

Bubble_and_Squeak wrote: »

as i have said many times i stopped looking in april because the market was overheated
pond road beautifully illustrates this point
you are merely pretending that a property which completed in april was also marketed in april for the purpose of getting "thanks" by your bromance buds

You and I both know you've been looking since October 2013 - well at least that's what you said before you hit the reset button. How did you 'stop' looking for a place - oh yes, you started obsessing about property bee and spent even more time on Rightmove than before.

Pond Road illustrates you can't take a step back and see what's happened in that time. Prices have gone up by more than 20% and they didn't peak in April either.

Maybe you need a break.

Bubble_and_Squeak wrote: »

and all of you are forgetting that when hamish said its a good time to buy back in may you were agreeing with him
by what stretch of the imagination was buying in may better than buying now?

August '13, October '13, April '14, May '14 - you've worn out that reset button.

Don't know about your target areas but my house has undoubtably increased in value since May and I didn't pay 6 months rent to watch it happen.

Bubble_and_Squeak wrote: »

if i do end up paying more than april but end up with a house i actually want that suits me
looking at the first few rightmove listings of the year its seems a dead cert that will NOT be the case

Don't worry. I'm sure you'll find it very easy to persuade yourself this is the case.

Bubble_and_Squeak

wotsit please stop telling porkies about me, its very unbecoming.
i started looking in october 2013, put in offers at or above the asking price on around 10-12 houses in the first few months of 2014 and stopped looking in april 2014 because the market was (blatantly) overheated.
if you look through previous posts i've made you will find no deviation from this timeline.

Bubble_and_Squeak

padington wrote: »

I spoke to a close neighbour today in woodgreen and asked how the selling of his place is going, he said well, loads of interest but the buying has been a nightmare. He offered the asking price twice on two different properties and got rejected on each one. The last time they said they didn't want someone in a chain ( for a 700k house in Winchmore Hill ).

Selling property is easy, it's buying that's hard at the moment from what I can see on the ground.

i suspect that when the buyer actually has to pony up they will find that the money they thought they had existed only in their mind

wotsthat

Bubble_and_Squeak wrote: »

wotsit please stop telling porkies about me, its very unbecoming.
i started looking in october 2013, put in offers at or above the asking price on around 10-12 houses in the first few months of 2014 and stopped looking in april 2014 because the market was (blatantly) overheated.
if you look through previous posts i've made you will find no deviation from this timeline.

You started looking in October 2013 - that's what I said.

On your budget in your target area you've thrown away 15 months rent to watch the old disappearing bedroom trick. You started with three and are now looking at two.

Now that's magic!

Bubble_and_Squeak

"August '13, October '13, April '14, May '14 - you've worn out that reset button. "
what is this all about, wotsit?

Bubble_and_Squeak

wotsthat wrote: »

You started looking in October 2013 - that's what I said.

On your budget in your target area you've thrown away 15 months rent to watch the old disappearing bedroom trick. You started with three and are now looking at two.

Now that's magic!

the old taking-a-quote-out-of-context-and-putting-a-wotsit-spin-on-it trick
yeh, its nice
like i said several times before i wanted to view properties before i actually bought one
the underlying message you're trying to convey seems to be that you should buy any property at any price straight away
this leads me to suspect that you spend so much time on this site ramping the market because you're an EA with very little to do now that the market has died
the fact that you're suggesting that i was wrong not to engage the bomads in april adds weight to this notion

Bubble_and_Squeak

sheet!
i should have listened to wotsit the EA and bought 78 northbank during the summer
http://www.rightmove.co.uk/property-for-sale/property-49338641.html;jsessionid=C922DDD7581F345F7489EB5EC97C98B2

OH BUT YOU'VE SPENT MORE THAN £2,000 ON RENT!

ah, but the stamp duty savings!

Bubble_and_Squeak

come one wotsit
are you pretending that you're busy instigating a bomad bidding war?
i'm waiting for your predictable comeback

wotsthat

Bubble_and_Squeak wrote: »

sheet!
i should have listened to wotsit the EA and bought 78 northbank during the summer
http://www.rightmove.co.uk/property-for-sale/property-49338641.html;jsessionid=C922DDD7581F345F7489EB5EC97C98B2

OH BUT YOU'VE SPENT MORE THAN £2,000 ON RENT!

ah, but the stamp duty savings!

You alright? Seem to be having an argument with yourself.

Still playing Rightmove bingo too. Something like that might've been in your budget this time last year.

There's only a couple of hundred 3 bed houses for £300k or less in the whole of London. What do you reckon that's dropped by in the last year?