London Has Peaked

cells

Crashy_Time wrote: »

http://www.telegraph.co.uk/news/2016/10/17/central-bankers-have-collectively-lost-the-plot-they-must-raise/

Go to the comments section and argue with them.

Why???????

chucknorris

Crashy_Time wrote: »

Is it Foxton`s who are handling your fire sale Chuck?

No, Foxtons was one of the 6 agents that my wife invited but :

1. Their fee was too high (and non negotiable, apparently).

2. The property had significant re-development possibilities (don't forget I'm a chartered QS), which they not only they didn't see, but denied (the property is (hopefully) being sold to a property developer, it is currently under offer).

3. They didn't instill confidence compared to the others.

It isn't a fire sale, and we (fingers crossed it goes through) got the asking price (which is over £1m)! We don't have a mortgage on this property, so it is a significant step to moving out of property.

cells

Crashy_Time wrote: »

Is it Foxton`s who are handling your fire sale Chuck?

What has your post above got to do with anything at all?

I feel sometimes you aren't here for views or debates but just to have a poo throwing contest one were you are mostly covered head to toe

Crashy_Time

cells wrote: »

again you are inferring things that do not exist


What I said is

Confirmation bias exists and is strong and can lead to bad decisions try to be aware and avoid it

In the future there will be people who are well off, sitting back and crying that the economy is !!!! the government is !!!! life is !!!! there is no opportunity and things are only going to get worse means you are guaranteeing you will not be in the well off camp

That judging the value of something by looking at its value 6 months or 6 years or 60 years ago is silly

That your appeal to authority of media outlets and politicians crying housing crisis is also them just trying to judge value by looking at historic prices.

Home prices vary greatly across the regions

In many regions homes are affordable/cheap and I used the definition of cheap being a mortgage sum lower than the local social rents

The majority of the public don`t have your mental powers of finding the truth and manifesting their best reality though (IMO), they just hear the MSM chanting "Bubble, bubble...." and they go "Oh F*uck, it`s a bubble, better pull out of that sale until they get cheaper". It is not rocket science, but your difficulty seems to be in accepting that a once fringe website full of "Loons", from where I assume you were banned, now seems to be writing the MSM editorial. Change happens, you have to embrace it.

cells

chucknorris wrote: »

No, Foxtons was one of the 6 agents that my wife invited but :

1. Their fee was too high (and non negotiable, apparently).

2. The property had significant re-development possibilities (don't forget I'm a chartered QS), which they not only didn't see, but denied (the property is (hopefully) being sold to a property developer).

3. They didn't instill confidence compared to the others.

It isn't a fire sale, and we (fingers crossed it goes through) got the asking price (which is over £1m)!

I wonder if it would be worthwhile for you to do a deal with the developer. Agree a price now let them develop then you sell on. Take your part and whats left is theirs

The advantage being not having to pay two lots of 5-8% stamp duty but one. Could spilt that in half. They would also of course have to pay the interest they would have paid for finance to you from the start date onward probably in monthly installments

might not be worth complicating things but on the other hand you are looking at saving ~£75k in stamp duties (assuming £1m sale) split half ways is a nice bit of change nearly £38k each side

chucknorris

cells wrote: »

What has your post above got to do with anything at all?

I feel sometimes you aren't here for views or debates but just to have a poo throwing contest one were you are mostly covered head to toe

You are of course correct, but how on earth is he going to win that particular point? He is talking about a house that my wife bought for £110k (spent less then £50k on) and is selling for (well over) £1m (and it is unmortgaged). I can't really see him coming back with some sort of 'should have rented a bedsit in Edinburgh argument'.

chucknorris

cells wrote: »

I wonder if it would be worthwhile for you to do a deal with the developer. Agree a price now let them develop then you sell on. Take your part and whats left is theirs

The advantage being not having to pay two lots of 5-8% stamp duty but one. Could spilt that in half. They would also of course have to pay the interest they would have paid for finance to you from the start date onward probably in monthly installments

might not be worth complicating things but on the other hand you are looking at saving ~£75k in stamp duties (assuming £1m sale) split half ways is a nice bit of change nearly £38k each side

It is my wife's house, she doesn't want complications, I don't blame her she has made enough profit (see my post above).

System

chucknorris wrote: »

You are of course correct, but how on earth is he going to win that particular point? He is talking about a house that my wife bought for £110k (spent less then £50k on) and is selling for (well over) £1m (and it is unmortgaged). I can't really see him coming back with some sort of 'should have rented a bedsit in Edinburgh argument'.

Ah but if you'd sold it before the imaginary crash you might have sold it for 1.1m which means you lost £100k LOL YOU MASSIVE LOSER YOU SHOULD HAVE RENTED #HPC

cells

Crashy_Time wrote: »

The majority of the public don`t have your mental powers of finding the truth and manifesting their best reality though (IMO), they just hear the MSM chanting "Bubble, bubble...." and they go "Oh F*uck, it`s a bubble, better pull out of that sale until they get cheaper". It is not rocket science, but your difficulty seems to be in accepting that a once fringe website full of "Loons", from where I assume you were banned, now seems to be writing the MSM editorial. Change happens, you have to embrace it.

what do you think is going to change now that some media outlets and politicians are saying there is a housing crisis?

Also do you think this is new? here is a video of corbyn arguing with thatcher, crying housing crisis in 1990.

https://www.youtube.com/watch?v=UhEPyjolGQQ

chucknorris

Joeskeppi wrote: »

Ah but if you'd sold it before the imaginary crash you might have sold it for 1.1m which means you lost £100k LOL YOU MASSIVE LOSER YOU SHOULD HAVE RENTED #HPC

That is what we are (my wife) selling it for (I did say over £1m)