London Has Peaked

Bubble_and_Squeak

crashy_time wrote: »

how are rents in aberdeen hamish, crashing yet? Probably be a few house sharers ( and landlords) looking to make up the numbers if oil doesn`t boom again soon?

yay!
Crashys back!

Crashy_Time

Jack_Johnson_the_acorn wrote: »

So so desperate Crashy! How's the crack den going? Anymore shared bog stories you want to tell us about....:D

Do you think Aberdeen isn`t crashing? Please enlighten us all with your wisdom Great One.....:A

padington

What goes up, sometimes keep going up even more ...

http://www.standard.co.uk/business/markets/jim-armitage-tories-inheritance-tax-budget-plan-makes-house-prices-even-less-affordable-10113921.html

michaels

Anecdotal I know but my rightmove search has 10 results today, 4 new listings, 1 fallen through sale relisted and 5 reduced....

Bubble_and_Squeak

padington wrote: »

What goes up, sometimes keep going up even more ...

http://www.standard.co.uk/business/markets/jim-armitage-tories-inheritance-tax-budget-plan-makes-house-prices-even-less-affordable-10113921.html

still trying to convince yourself that the bubble will never burst
my guess is that you're too young to remember the 80s

lisyloo

I think the bubble will burst sometime, but having been on forums since about 2001 when some were vehement that STRing was the way to go, I don't believe that anyone knows when or even has the remotest clue. Given that's 14 years ago and in that time period some people have either died, retired or their fertility window has expired then I don't think there's much point trying to second guess it.

What am I doing here then? Good qyestion.

padington

Bubble_and_Squeak wrote: »

still trying to convince yourself that the bubble will never burst
my guess is that you're too young to remember the 80s

I'm just saying it how it is

http://www.telegraph.co.uk/finance/property/11482696/Renting-your-way-to-poverty-welcome-to-the-future-of-housing.html

Bubble_and_Squeak

padington wrote: »

I'm just saying it how it is

http://www.telegraph.co.uk/finance/property/11482696/Renting-your-way-to-poverty-welcome-to-the-future-of-housing.html

indeed
looks like down is the new up

padington

Bubble_and_Squeak wrote: »

indeed
looks like down is the new up

So how come you're so keen to buy before the election ?

onthehill

I would welcome folks' take on this from page 7/8 of the latest ONS report - out today.


The price index for London is now 0.7% below the record level of 243.5 in August 2014 with an index of 241.9 in January 2015. However, the London index is 38.6% higher than the pre-economic
downturn peak in January 2008 (174.5).

the full report:

[FONT=Arial,sans-serif]http://www.ons.gov.uk/ons/dcp171778_398690.pdf
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