HPC thread of the week

Hazzinho

BBC reporting continued house price increases, should be funny on there today. The level of delusion is scary, no doubt more evil propaganda.

wotsthat

Prices of central London homes valued at more than 10 million pounds ($15.2 million) surged 15.3 percent from June through November, almost wiping out losses triggered by the government increasing the stamp duty sales tax a year ago.

London house prices rose 7.7 percent in the year through October, the Office for National Statistics said in a separate report on Tuesday.

http://www.bloomberg.com/news/articles/2015-12-15/prices-of-london-s-most-expensive-mansions-surging-amid-shortage

They've probably gone down like a lead balloon on the HPC 'is prime London crashing?' thread. It won't take long for them to recover and say the first quote is from a VI EA and the second state controlled data.

Meanwhile they continue to use price reductions on Rightmove as evidence of a crash although, as the thread has been going for two years, it should've become apparent that many vendors initially price over market price and later reduce.

caronoel

wotsthat wrote: »

http://www.bloomberg.com/news/articles/2015-12-15/prices-of-london-s-most-expensive-mansions-surging-amid-shortage

They've probably gone down like a lead balloon on the HPC 'is prime London crashing?' thread.

They dont like it up em

Sibley

The Counts calling 70%......:eek:


TheCountOfNowhere
I live on HPC!


Thousands of unbuilt flats and apartments could come back on to the Londonproperty market over the next two years as foreign investors seek to cut they're losses, according to a new study.
In their latest report on the residential market, researchers at estate agent Cluttons said a large volume of newbuild stock was flowing on to the off-plan resales market, as buyers, particularly those of an international flavour, try to exit the market as currency advantages, especially for those from emerging markets, fade.

isn't there already a glut?

70% crash anyone?

Blacklight

Sibley wrote: »

Oh god look.....


Bruce Banner, on 30 Oct 2015 - 10:58 AM, said:

I'd have to draw about £350K out of the bank to buy a suitable house. Currently that's earning about £10K a year in various savings accounts protected by the FCS guarantee, my rent is about £11K and includes maintenance etc. Since I expect house prices to fall, renting is still the obvious choice.


Lets think about this.
He lives on his own in Eastbourne as far as I can remember.

There you go mate. You'll only have to draw out 250K now.:beer:


http://www.rightmove.co.uk/property-for-sale/property-51286801.html

Thank me when you move in...

At his current rate of loss, how far would he need prices to fall to make any kind of gain over the last decade?

chucknorris

Sibley wrote: »

The Counts calling 70%......:eek:


TheCountOfNowhere
I live on HPC!


Thousands of unbuilt flats and apartments could come back on to the Londonproperty market over the next two years as foreign investors seek to cut they're losses, according to a new study.
In their latest report on the residential market, researchers at estate agent Cluttons said a large volume of newbuild stock was flowing on to the off-plan resales market, as buyers, particularly those of an international flavour, try to exit the market as currency advantages, especially for those from emerging markets, fade.

isn't there already a glut?

70% crash anyone?

What a fool he is. Sorry I shouldn't really mock the afflicted, but it is really laughable when incompetent people like him go off on a tangent.

anchovypizza

chucknorris wrote: »

What a fool he is. Sorry I shouldn't really mock the afflicted, but it is really laughable when incompetent people like him go off on a tangent.

Lovely rant

But care to explain why?

More so than nobody gives you a hard time over your illusionary "portfolio", Mmmmm, and to be honest much of the amazing life of your's which you go on about on here constantly while spending most of your life on here.

Crashy_Time

anchovypizza wrote: »

Lovely rant

But care to explain why?

More so than nobody gives you a hard time over your illusionary "portfolio", Mmmmm, and to be honest much of the amazing life of your's which you go on about on here constantly while spending most of your life on here.

Just don`t call him "Laddie", he hates that.

TheeMaskedTurnip

HPC goon command HQ busy popping the soda streams and fapping themselves all day today at the rate rise. Looks like their 20 wait for stagnate price growth is over. The!!!!OfNowhere, Vinigar, FrillyBunny, and BriceSpanner choreographing the party.

http://www.housepricecrash.co.uk/forum/index.php?/topic/207526-interest-rate-lift-off/page-11#entry1102847457

TheCountofNowhere

chucknorris wrote: »

What a fool he is. Sorry I shouldn't really mock the afflicted, but it is really laughable when incompetent people like him go off on a tangent.

I feel famous.

At least I'm winning versus you.