London Has Peaked

padington

Bubble_and_Squeak wrote: »

did your neighbour sell yet?

Yep, cash buyer for top dollar. The cash buyer managed to knock off only 2% off the top dollar asking price. Friend says regardless of what survey says he's not getting another penny off because the house he's buying in winchmore hill, he couldnt get even a penny off.

It's a two tier market, 2 millions plus properties are sliding in price, cheap houses are hugely fought after it seems.

Mansion tax is a gift to those with value properties in London.

padington

Bubble_and_Squeak wrote: »

btw, i'm not a crashist
i'm a correctionist

Correctionist that's buying no matter what before the election is all talk and no walk.

Bubble_and_Squeak

padington wrote: »

Correctionist that's buying no matter what before the election is all talk and no walk.

has hearl would say
"WHAT DO YOU ME~AN???"

cells

London 1961 - 1991

Built ~900,000 homes
Population increase = Down by some 1 million people

London 2001 - 2031

Built/Building ~ 700,000 homes
Population increase = UP by some 3 million people


Lower supply, higher demand = ??????? someone must know but who!

Bubble_and_Squeak

padington wrote: »

Yep, cash buyer for top dollar. The cash buyer managed to knock off only 2% off the top dollar asking price. Friend says regardless of what survey says he's not getting another penny off because the house he's buying in winchmore hill, he couldnt get even a penny off.

It's a two tier market, 2 millions plus properties are sliding in price, cheap houses are hugely fought after it seems.

Mansion tax is a gift to those with value properties in London.

nice to hear that hes spending his bubble gotten gains on another bubble

Bubble_and_Squeak

cells wrote: »

London 1961 - 1991

Built ~900,000 homes
Population increase = Down by some 1 million people

London 2001 - 2031

Built/Building ~ 700,000 homes
Population increase = UP by some 3 million people


Lower supply, higher demand = ??????? someone must know but who!

how many of those can afford a london house?

cells

Bubble_and_Squeak wrote: »

how many of those can afford a london house?

Those that cant afford a house, will be able to rent one sharing 5 wage earners to a 3 bed flat....or it might be 10 wage earners to a 2 bed flat by then.....

Plus we are nearly half way through this 30 year period, 2001-2031 and yourself today could have asked your younger self in 2001.....young squeak, sure 1.5 million more people will come to london by 2015 but how many of them can afford it....therefore prices will not go crazy......

and we know you would have been wrong

Crashy_Time

cells wrote: »

Those that cant afford a house, will be able to rent one sharing 5 wage earners to a 3 bed flat....or it might be 10 wage earners to a 2 bed flat by then.....

Plus we are nearly half way through this 30 year period, 2001-2031 and yourself today could have asked your younger self in 2001.....young squeak, sure 1.5 million more people will come to london by 2015 but how many of them can afford it....therefore prices will not go crazy......

and we know you would have been wrong

Are you one of the West Bromwich "martyrs" :rotfl:

Crashy_Time

http://www.housepricecrash.co.uk/forum/index.php?/topic/193439-west-bromwich-building-societys-increases-interest-rates-for-btlers-merged-threads/

Generali

Crashy_Time wrote: »

http://www.housepricecrash.co.uk/forum/index.php?/topic/193439-west-bromwich-building-societys-increases-interest-rates-for-btlers-merged-threads/

Housepricecrash.com: being wrong since 2003.