London Has Peaked

Bubble_and_Squeak

danothy wrote: »

Your 'enlightenment' is in fact a form of self delusion. Your conclusions, whether right or not, are logical non sequiturs.

good use of terminology
sounds like a latin word (origin wise)

Crashy_Time

In_For_A_Penny wrote: »

58 looks like it was an end terrace. Are you trying to say that should be exactly the same as a mid-terrace house on the same street?

I'm really struggling to follow your logic (if thats what it is)

End terrace, Mid terrace, Good terrace, Bad terrace, in a crash it is just a terraced house that costs too much, and it won`t sell. Get used to it, Crashy Times are a comin` :money:

Crashy_Time

danothy wrote: »

Your 'enlightenment' is in fact a form of self delusion. Your conclusions, whether right or not, are logical non sequiturs.

You think and talk too much Danny, you should engage your brain sometimes and listen to people who know what they are on about.

danothy

Crashy_Time wrote: »

You think and talk too much Danny, you should engage your brain sometimes and listen to people who know what they are on about.

If I already think 'too much' in what way is my brain not already 'engaded'? I suppose that pointing out that a property with a lower asking price than a single nearby recent sale doesn't necessarily mean that prices are dropping if the lower asking price is still extremely high in comparison to the history of the area and all the other recent sales isn't 'knowing what I'm on about'. Because focusing on a single datum point is the most competent thing one can do, and I should listen and not question that.

Also, my name is not 'Danny'. Start by getting that right and we'll see if you can get something else right too.

rfowler

Well I live in London and have been looking for a invesment/rental property for about 6 months and I can assure you prices have not gone down ppl are still asking silly prices and getting them too.

Jonbvn

Crashy_Time wrote: »

You think and talk too much Danny, you should engage your brain sometimes and listen to people who know what they are on about.

Who would that be then?;);)

chucknorris

Jonbvn wrote: »

Who would that be then?;);)

Good question, this could become even more hilarious if he answers you.

NorthFin

Bubble_and_Squeak wrote: »

a colleague was telling me yesterday of new mortgage restrictions coming in this month limiting the size of loans to 4.2% of income.
anyone know anything about this?

4.2% is still high when you look at the long term norm of around 3.5%.

Its like a doctor telling a chain smoker to cut back to 20 packs per day:eek:

Crashy_Time

chucknorris wrote: »

Good question, this could become even more hilarious if he answers you.

Well it`s not you Chucky, so you can hold your laughter.

Crashy_Time

NorthFin wrote: »

4.2% is still high when you look at the long term norm of around 3.5%.

Its like a doctor telling a chain smoker to cut back to 20 packs per day:eek:

Reasonably high I suppose, but it means a lot of sellers will have to re-think their daft asking prices?