London Has Peaked

Crashy_Time

Generali wrote: »

Housepricecrash.com: being wrong since 2003.

Right about the WB mob though...:beer: :rotfl:

Generali

Crashy_Time wrote: »

Right about the WB mob though...:beer: :rotfl:

Cripes, 6,700 landlords have experienced an interest rate rise. That must mean a tiny fraction, a rounding error really, of the 3,800,000 privately rented homes in the UK are impacted.

chucknorris

Generali wrote: »

Cripes, 6,700 landlords have experienced an interest rate rise. That must mean a tiny fraction, a rounding error really, of the 3,800,000 privately rented homes in the UK are impacted.

My thought on this are:
1. Isn't this old news? I seem to remember it happening years ago.
2. Like you said, it will not affect that many people.
3. Of those that are affected, many will simply be annoyed at moving to lower profits.
4. The doomsters must be getting pretty desperate to drag this story up again.
5. What the hell am I doing posting about this at almost 3 am for (time to sleep).

Generali

chucknorris wrote: »

5. What the hell am I doing posting about this at almost 3 am for (time to sleep).

I was wondering the same thing. Up the wooden hill to Bedfordshire as I tell the kids who:

1. Don't know what a Bedfordshire is
2. Get very confused as we live in a bungalow

wotsthat

Bubble_and_Squeak wrote: »

i said from the outset that i would buy between january-election 2015 regardless of what the market is doing so comparing me to a 19 year waiter is slightly off key, no?
in terms of raw price data the bubble is rolling on (indeed, bubbles do often reach epic proportions before the burst) but the market is clearly weaker now than it was in april 2014- demand down, mortgage lending down, supply up

How come you were viewing houses in October 2013 then?

Must be part of your correctionist theory aka fantasy.

System

wotsthat wrote: »

How come you were viewing houses in October 2013 then?

Must be part of your correctionist theory aka fantasy.

I was hoping to upsize in 10 years or so, better start looking now!

MFW_ASAP

Bubble_and_Squeak wrote: »

MFW_ASAP wrote: »

I'd be interested in hearing your analysis on why you think a correction in London will occur this year?

looks like it already happened in central london last year
ripple, maybe?

from propertywire:
"The index shows that in January 2015, landlords with a property in Walworth recorded a negative real % yield of 11.3%..."
i wonder if negative real yields will spread
highly likely, considering the scale of construction currently taking place in london

Is that it? That's your analysis on why you think a correction in London will occur this year?

wotsthat

MFW_ASAP wrote: »

Is that it? That's your analysis on why you think a correction in London will occur this year?

...and, for reasons unknown, he's in a rush to buy before the correction occurs.

Crashy_Time

Generali wrote: »

Cripes, 6,700 landlords have experienced an interest rate rise. That must mean a tiny fraction, a rounding error really, of the 3,800,000 privately rented homes in the UK are impacted.

How many of the privately rented homes would struggle if rates increased, how many even have a mortgage? The change will come at the margins, it is a few thousand in trouble this time, then another few thousand when the next bank/B.S does this etc. etc. The mistake many BTL`ers/mortgage debtors made was that they thought the bankers were on their side.

Crashy_Time

chucknorris wrote: »

My thought on this are:
1. Isn't this old news? I seem to remember it happening years ago.
2. Like you said, it will not affect that many people.
3. Of those that are affected, many will simply be annoyed at moving to lower profits.
4. The doomsters must be getting pretty desperate to drag this story up again.
5. What the hell am I doing posting about this at almost 3 am for (time to sleep).

So did I dream that they were begging for money on the internet to launch an expensive and pointless case, and are now thinking about an appeal? That is more than mere annoyance, it is the action of people who know the game is up but need a mental distraction from their impending bankruptcy. And also, if you feel the need to post about it at 3 am it can`t be as small a deal as you would like to pretend :rotfl: