London Has Peaked

CLAPTON

Crashy_Time wrote: »

When developers start offloading (or trying to) stock, London will crash.

how much stock do developers have?

zagubov

I lived in a big city then studied in a small city then a big town. I wanted to study a course available only in four places. Bolton, Wolverhampton Huddersfield and London. I chose London because it was the only city, and much as the other towns are great, I realised I need the facilities of a city.

There's lots of other big cities in the UK where you could find a better quality of life. Developing London any more is ridiculous.

cells

Crashy_Time wrote: »

When developers start offloading (or trying to) stock, London will crash.

Over the next 5 years London will need ~300,000 new homes

Over the next 5 year London will build ~100,000 new homes

That means London will be short 200,000 homes in five years time ON TOP OF the existing shortage of homes

Even if the tooth fairy owned 50,000 homes on London and she went to sell them it wouldn't lower prices as London needs yhe tooth fairy or santa to mahic ip 200,000 homes for London just to stand still over tje next 5 years


you really need to look at things objectively eayher than forever cross yoir fingers and hope. +100,000 people a year into London is 100,000 reasoms you are likely to be wrong rather than right

but good luck to you. Its out of your hands. My advise to you and anyone in London on less than ~£35k wage is to move to a cheaper city. Birmingham Telford Manchester Wolverhampton Newcastle lots of places where a house is 1/4th the price

cells

Mummyisbeauty wrote: »

But huge difference between UK and those countries is size tbh. Population density in those countries is a lot smaller than that in UK, especially around London.
Perhaps 7 times the population density of the US, 80 times that of Australia and 16 times that of New Zealand.

Although only estimates it is still a huge difference.

Population density measured as population over total land area is a very stupid measure of how dense people live.

Most advanced nations have a high urbanisation rate. That means that most Australians love as dense as most British folk. Or think of it this way most people in Scotland love as dense as most people in England

also the UK owns a huge chunk of Antarctica so our population density os quite low when you include that

cells

zagubov wrote: »

I lived in a big city tcied in a small House then a big town. I wanted to study a course available only in four places. Bolton, Wolverhampton Huddersfield and London. I chose London because it was the only city, and much as the other towns are great, I realised I need the facilities of a city.

There's lots of other big cities in the UK where you could find a better quality of life. Developing London any more is ridiculous.

London isn't being developed any faster than the rest of the country. House building per capital is a little less than the rest of the country

London needs to be developed quite a lot more*. The choice is to knock down and rebuild at higher density = slow and expensive or to build out towards the M25 which would be cheaper and faster.


* another alternative is the mass migration of council tenants and HB-private-tenants to outside London. There are in excess of 2 million people in London who can't really afford to be there but for the grace of the treasury. If they were relocated over the course of 20 years that would mean 100,000 people would continue to come to London and 100,000 would be relocated so the population growth would stop and thats the primary driver of London craziness

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Have lived in HMO`s in the past, but they were pretty plush ones, in the best Edinburgh postcodes. I don`t know if they were registered as official HMO`s but there were a few of us in there anyway. Hold on to the warm feeling about your house price, nothing is guaranteed in this environment.

The houses price doesn't make warm, knowing I own a secure home for my loved ones does, the fact that its price is increasing is a bonus as is the fact that its costing me less than the equivalent rent by around £150pcm.

chucknorris

Jack_Johnson_the_acorn wrote: »

the fact that its price is increasing is a bonus as is the fact that its costing me less than the equivalent rent by around £150pcm.

Hmmmm, that tells me that you obviously don't live either 10 mins from Princess Street in Edinburgh or the same place where Bruce Banner lives. Either these 2 places obviously defy the laws of economics, or the 2 posters from there, defy the laws of common sense.

chucknorris

zagubov wrote: »

I lived in a big city then studied in a small city then a big town. I wanted to study a course available only in four places. Bolton, Wolverhampton Huddersfield and London. I chose London because it was the only city, and much as the other towns are great, I realised I need the facilities of a city.

There's lots of other big cities in the UK where you could find a better quality of life. Developing London any more is ridiculous.

Is Wolverhampton no longer a city, or was this before it became a city?

EDIT: I have no idea how long ago Wolverhampton was made a city.

Crashy_Time

cells wrote: »

Over the next 5 years London will need ~300,000 new homes

Over the next 5 year London will build ~100,000 new homes

That means London will be short 200,000 homes in five years time ON TOP OF the existing shortage of homes

Even if the tooth fairy owned 50,000 homes on London and she went to sell them it wouldn't lower prices as London needs yhe tooth fairy or santa to mahic ip 200,000 homes for London just to stand still over tje next 5 years


you really need to look at things objectively eayher than forever cross yoir fingers and hope. +100,000 people a year into London is 100,000 reasoms you are likely to be wrong rather than right

but good luck to you. Its out of your hands. My advise to you and anyone in London on less than ~£35k wage is to move to a cheaper city. Birmingham Telford Manchester Wolverhampton Newcastle lots of places where a house is 1/4th the price

Most people flocking to London are trying to make money, they don`t have any money, that is why most people have an I.O mortgage there. It is going to be fun watching as the bubble mania plays out, especially with this little online comedy venue to drop into as it all implodes.....:money:

Crashy_Time

chucknorris wrote: »

Hmmmm, that tells me that you obviously don't live either 10 mins from Princess Street in Edinburgh or the same place where Bruce Banner lives. Either these 2 places obviously defy the laws of economics, or the 2 posters from there, defy the laws of common sense.

Or maybe JJ the Debtcorn is in denial about how much rents really cost?