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Debate House Prices
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London Has Peaked
Comments
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this will be a good test of where the market is at.
i've been monitoring tottenham for a while.
its come off the boil a bit but still holding on to most of its bubble gains:
http://www.rightmove.co.uk/property-for-sale/property-31925352.html
bought in april for £305k (which seems about £100k less than the going rate was at the time) and was put back on for £475k a few weeks back.
now £450k0 -
Bubble_and_Squeak wrote: »farmlilo road, yes! farmilo road, walthamstow
near the bakers arms
i know it well
we currently have two houses up for sale on farmilo road
one in much better shape than the other
http://www.rightmove.co.uk/property-for-sale/property-32150559.html
http://www.rightmove.co.uk/property-for-sale/property-32138619.html
both on for the same asking price
which is £36,000 lower than the previous sale on the street
of course, the bulls will shout out "oh, the last sold house was far superior to those two match boxes" as they always do
but
every day
the price of a london house drops that little bit further
drip by drip
drop by tiny drop
the day of the bear approacheth
You just compared a 4 bed to a 3 bed again. You have some drool on your chin.This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0 -
If you are going to keep using the term Ponzi why can't you explain how the mortgage market is one.
That is quite simple.
New entrants are required to enable existing home owners to upgrade.
New entrants (FTBs) are required to come in in order to inject cash to enable those higher up the "ladder" to continue to progress up the ladder.
The concept that you buy a house, wait for the market to increase in value, then upgrade, rinse and repeat is a pyramid scheme out and out.0 -
That is quite simple.
New entrants are required to enable existing home owners to upgrade.
New entrants (FTBs) are required to come in in order to inject cash to enable those higher up the "ladder" to continue to progress up the ladder.
The concept that you buy a house, wait for the market to increase in value, then upgrade, rinse and repeat is a pyramid scheme out and out.
Not really a Ponzi though is it.0 -
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That is quite simple.
New entrants are required to enable existing home owners to upgrade.
New entrants (FTBs) are required to come in in order to inject cash to enable those higher up the "ladder" to continue to progress up the ladder.
The concept that you buy a house, wait for the market to increase in value, then upgrade, rinse and repeat is a pyramid scheme out and out.
FTB numbers were up last month weren't they?
just as the market is imploding
was H2B a last throw of the dice to keep ponzi going?
when the new entrants are priced out give them a government backed interest free loan0 -
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