London Has Peaked

CLAPTON

chucknorris wrote: »

I think you could certainly ignore Alan Sugar's previous bankruptcies as I believe that he is worth well over £1b. The thing that I really didn't like about Mark Zuckerberg was that he not only stole the facebook idea, but he was actually paid to develop it for someone else.

one isn't really certain that there is a contradiction between being 'really successful' and being a cheat and a fraud

wotsthat

Crashy_Time wrote: »

If you won the bet, why do you still post on here every day?

I want to persuade people to buy houses because I'm scared my house might fall in value.

chucknorris

wotsthat wrote: »

I want to persuade people to buy houses because I'm scared my house might fall in value.

So Crashy was right all along :eek: I do hope that he hasn't rumbled me as well.

chucknorris

CLAPTON wrote: »

one isn't really certain that there is a contradiction between being 'really successful' and being a cheat and a fraud

For the record I am not really a fan of his, but on this link he claims that he has never bankrupt a company http://www.kgbanswers.co.uk/has-sir-alan-sugar-ever-been-bankrupt/3130303

But you seem to want to make some sort of point, so I'll bite, when has he been a cheat and a fraud?

Although this link says otherwise: Is bankruptcy a stigma, a reflection on someone’s character as well as a mark of professional failure, or is it a sign of a risk taker, someone with an entrepreneurial spirit? Ford, Disney and Heinz all filed for bankruptcy before becoming multimillionaires and legendary household names. According to Sir Alan Sugar (who has twice been bankrupt)

http://talkingsolutions.gateleyplc.com/2014/06/06/skeletons-in-the-closet-are-your-directors-worthy/

Maybe that was personal not corporate?

Jack_Johnson_the_acorn

Bubble_and_Squeak wrote: »

i'm calling April as the peak of the london property price bubble.
i was actively looking to buy a house in tottenham late 2013 early 2014 during which time asking prices for a victorian terrace rocketed from around £250-275k to over £400k in around 6 months.
classic bubble territory.
people were buying on spec saying "you have to buy now because they'll keep going up and you'll never be able to get on the ladder"
words i've heard before during previous bubbles.
since april the tables have turned.
mmr came in, slowing things down a bit, perhaps giving people a chance to reflect on the enormous amount of debt they were about to take on.
real wages haven't grown for several years,
mark carney has been taking up the possibility of rate rises,
the eu economy (our biggest trading partner)is on the brink of recession,
trade war with russia (where does europe get its gas from?),
china hot money drying up,
US tapering,
wars (one of which is in europe),
winding down of funding for lending.
the only things sustaining the market as the moment are unnaturally low interest rates and help2buy
not enough to counter the headwinds.
sentiment has changed and sentiment moves the market.
i predict a sharp correction henceforth...

Out of interest, does anyone have the figures for Q2 2014 and today's London prices?

Bubbles, Crashy et al seemed sure we'd reached the peak.....

Crashy_Time

Jack_Johnson_the_acorn wrote: »

Out of interest, does anyone have the figures for Q2 2014 and today's London prices?

Bubbles, Crashy et al seemed sure we'd reached the peak.....

Comfortably settled "Homeowner" in the NW desperately wants to be right on the internet about London bubble not popping.....the question is why? :cool:

Jack_Johnson_the_acorn

Crashy_Time wrote: »

Comfortably settled "Homeowner" in the NW desperately wants to be right on the internet about London bubble not popping.....the question is why? :cool:

Oh no he's got his tinfoil hat on again.

ukcarper

Jack_Johnson_the_acorn wrote: »

Out of interest, does anyone have the figures for Q2 2014 and today's London prices?

Bubbles, Crashy et al seemed sure we'd reached the peak.....

According to land registry average London house price June 2014 £387k Nov 2016 £481k, £404 Aug 2014

Crashy_Time

ukcarper wrote: »

According to land registry average London house price June 2014 £387k Nov 2016 £481k

How are volumes holding up?

ukcarper

Crashy_Time wrote: »

How are volumes holding up?

Down about 40%