London Has Peaked

wotsthat

Bubble_and_Squeak wrote: »

na, i can't
ukip innit

Of course. Everyone North of London is marching around in jackboots, wearing white hoods and burning crosses.

mayonnaise

Wait for it... crashy and bubble will do a 'geneer' anytime soon. Stay tuned.

Jack_Johnson_the_acorn

wotsthat wrote: »

Of course. Everyone North of London is marching around in jackboots, wearing white hoods and burning crosses.

As avg earners, household income of around £55k, I think living in the NW probably saves us around £10k-£15k a year that's a lot of pocket money to lose that would kill our lifestyle if we lived in london, I can't find anything on rightmove for under £200k (in London) that I'd be prepared to live in. For 130k we have a lovely 3 bed period property. Unless ones household income is above £70k I just don't see the appeal of living in London.

lisyloo

Unless ones household income is above £70k I just don't see the appeal of living in London.

Stay where you are then.

I can see the appear for young people who are prepared to rough it for either the cultural/social benefits of London or the long term career benefits.
If you aren't prepared to rough it then I agree you need to be on a high income. The sort of place I'd like to live (and do live) is min £425K.
There are probably OK places from £250K upwards but not places I'd want to live.

The people who live in London appear to fall into a couple of categories
1) Young and don't mind roughing it and sharing accomodation
2) From much poorer countries with a much lower standard of living and willing to rough it
3) well off, rich or high earners
4) people who've lived there a long time and haven't had to buy property recently

There certainly is a big appeal and just because it doesn't work for you doesn't mean it doesn't work for millions of others. The house prices tell you everything you need to know i.e. there's very high demand.

Fogster66

I'm looking to invest in some buy to let properties and am trying to work out the best time to buy and where. I've come across a few sites that are showing trends in house prices up and down the country such as the Halifax & Nationwide surveys but these tend to be just at a regional level. Does anyone know of anywhere where information is given at a lower level (i.e. not just regionally) - particularly in and around London?

Jack_Johnson_the_acorn

lisyloo wrote: »

Stay where you are then.

I can see the appear for young people who are prepared to rough it for either the cultural/social benefits of London or the long term career benefits.
If you aren't prepared to rough it then I agree you need to be on a high income. The sort of place I'd like to live (and do live) is min £425K.
There are probably OK places from £250K upwards but not places I'd want to live.

The people who live in London appear to fall into a couple of categories
1) Young and don't mind roughing it and sharing accomodation
2) From much poorer countries with a much lower standard of living and willing to rough it
3) well off, rich or high earners
4) people who've lived there a long time and haven't had to buy property recently

There certainly is a big appeal and just because it doesn't work for you doesn't mean it doesn't work for millions of others. The house prices tell you everything you need to know i.e. there's very high demand.

I fully understand the cultural and career benefits of London living, I always enjoy the capital whenever I visit, but as a nurse and lowly manager in the civil service there is little benefit for us career wise. I feel other cities are catching up too, Liverpool is a vibrant and enjoyable city and then we have the beaches of the wirral to enjoy literally on our doorstep. Each to their own.

Bubble_and_Squeak

wotsthat wrote: »

I think you'll find I checked before mocking you.

no, you made it up
you have form

http://www.telegraph.co.uk/finance/personalfinance/houseprices/11329536/House-prices-The-luxury-London-bubble-has-burst.html

Bubble_and_Squeak

Jack_Johnson_the_acorn wrote: »

I think your gonna end up with a 1bed flat miles away from London at this rate anyway.... Seriously, all the while I'm a year closer to paying off my mortgage....

don't think so
fairfield road is coming back down to earth

http://www.rightmove.co.uk/property-for-sale/property-33286020.html/svr/1708;jsessionid=998119069626816D277D8F6754AC0A25

wotsthat

Bubble_and_Squeak wrote: »

no, you made it up
you have form

http://www.telegraph.co.uk/finance/personalfinance/houseprices/11329536/House-prices-The-luxury-London-bubble-has-burst.html

LOL - according to that article houses priced around £4m fell 1.3% in 2014. That's not a crash and I don't think your HPC buddies would really agree 'Prime London' only includes property around that mark. Someone did a table of recent prime London sales vs last sold prices - not entirely scientific but enough to show a thread proving a crash has been underway since 04/01/13 is nothing but a joke.

Hardly matters. Neither you or I are in the market for a £4m house. In your price bracket and area prices have increased by more than 20% in that time. Finding an article pointing out £4m properties have fallen 1.3% in the same time is just a coping strategy.

Bubble_and_Squeak

wotsthat wrote: »

LOL - according to that article houses priced around £4m fell 1.3% in 2014. That's not a crash and I don't think your HPC buddies would really agree 'Prime London' only includes property around that mark. Someone did a table of recent prime London sales vs last sold prices - not entirely scientific but enough to show a thread proving a crash has been underway since 04/01/13 is nothing but a joke.

Hardly matters. Neither you or I are in the market for a £4m house. In your price bracket and area prices have increased by more than 20% in that time. Finding an article pointing out £4m properties have fallen 1.3% in the same time is just a coping strategy.

you're the one that said prime london is not falling
now you're saying it is
this is the problem with making stuff up- you forget what you've made up an then make up something else