"Thousands" of London flats to come to the market

Crashy_Time

ukcarper wrote: »

I'm not sure anybody will take much notice of your opinion.

Maybe not on here, most of the regular posters are too far gone already, but there are lots of little sign-posts appearing that the direction of travel for property is changing, the average man in the street will be catching on soon and the time to get top dollar for a house will soon be behind us as the rush for the exit doors starts. The Fed will look very very silly if they have to drop rates again, they are going to do everything now to lock in some hikes.

ukcarper

Crashy_Time wrote: »

Maybe not on here, most of the regular posters are too far gone already, but there are lots of little sign-posts appearing that the direction of travel for property is changing, the average man in the street will be catching on soon and the time to get top dollar for a house will soon be behind us as the rush for the exit doors starts. The Fed will look very very silly if they have to drop rates again, they are going to do everything now to lock in some hikes.

The only people who would take any notice of you would be on HPC. I'm not sure what you mean by to far gone but if you mean have paid off or are well on the way to paying of thier mortgage instead of paying someone else's mortgage you could be right.

Prothet_of_Doom

London. The best thing for it would be if people and businesses moved north, and west, until they found affordability.

ukcarper

Prothet_of_Doom wrote: »

London. The best thing for it would be if people and businesses moved north, and west, until they found affordability.

I think it would better for whole country but I don't see it happening anytime soon.

chucknorris

Crashy_Time wrote: »

And you think that when you decide "not to hold" property there won`t be many others thinking the same? The time to sell up is passing you by IMO.

But what is your opinion worth? If I sell now I would have to pay about £330k CGT (and my wife almost double that), add to that my current low margin tracker mortgages are saving me over £28k per annum (from where the base rate was before the downturn) both are very strong arguments for staying in the market (for now).

EDIT: If I was younger I wouldn't even be considering getting out.

JackLeach

It obviously makes sense to try to sell now before the masses try to sell.

chucknorris

JackLeach wrote: »

It obviously makes sense to try to sell now before the masses try to sell.

No It doesn't make sense to rush into selling! It makes much more sense to carry on making the £100k per annum profit (for now and have a few more years of low mortgage rates and use of the £330k GCT that I would otherwise pay). I'm not intending to sell because the model doesn't work, it does, and very well too. I'm intending to sell because I only have around 30 years to spend all the equity, so at some point I need to get started, because there is a lot of equity (before my death), but I am at least (all things being equal) 2 years away from the optimum time to sell.

JackLeach

The cash strapped government is going to be looking for every which way to claw funds out of the as they call them Greedy LL's............

The worm has turned, from now the poor tenants will be looked after to get their votes because they outnumber the Greedy LL's who will be taxed up to the hilt, and those with any sense are trying to sell now, even if it means taking a loss..............

chucknorris

JackLeach wrote: »

The cash strapped government is going to be looking for every which way to claw funds out of the as they call them Greedy LL's............

The worm has turned, from now the poor tenants will be looked after to get their votes because they outnumber the Greedy LL's who will be taxed up to the hilt, and those with any sense are trying to sell now, even if it means taking a loss..............

Oh dear :rotfl:

mwpt

Conrad wrote: »

Why should an agency nurse, who's income lenders typically decline, just resign herself to a fate of renting? No. She will find a way to buy.

Because prices are too high. Why is it that this is never the problem for you guys? It's always too little credit, too little help on demand side, too little cheating on mortgage applications. The fact that some people cheat on mortgage applications (the regulations exist for a reason) means that they will bid prices up higher and those that do not cheat, and those that do not cheat then cannot afford to buy. It's all part of the problem. Liar loans especially were one of the causes of the US bust.