China and UK house proces

padington

Thrugelmir wrote: »

Investments will be liquidated. More so if exchange rates are favourable.

Thrug you've been pessimistic for as long as I remember, it's not your reason that says these things I don't think, it's your nature. That's no bad thing, it can stop you taking unnecessary risks but you haven't half been wrong a lot when making these housing related calls on this forum over the years.

padington

Rich2808 wrote: »

I do find your posts amusing - are they parodies?

Do you know how much Crossrail 2 is going to cost - around £30 billion. It may be built one day - but we may be six feet under by the time it is. The debts for Crossrail are going to take another 20 years too pay off and there is no funding package in place for Crossrail 2.

I will believe it when I see it.

PS are the Chinese really committing incest in Sydney?!

No parody. Cross rail 2 is effecting market prices now. It's madness but it's true.

A lot of people arn't selling, instead they like to keep it in the family.

Rich2808

padington wrote: »

No parody. Cross rail 2 is effecting market prices now. It's madness but it's true.

A lot of people arn't selling, instead they like to keep it in the family.

I agree it's affecting prices. That's the comical thing.

It has no legal approval or funding package. TfL is facing massive cuts so has no spare cash, the Government will have to stump up,£15bn and the Mayor another £15bn potentially funded from local sources at a time when transport resources are being directed elsewhere. And every year the likely cost goes up and up.

It will cost more than double Crossrail 1 which at least could be sold as connecting the main airport to the city, Canary Wharf, Oxford Street and Stratford.

All Crossrail 2 does is connect Tottenham to Wimbledon.

But I suppose it shows the idiocy - bidding up house prices because of a rail line which may well never be built as there is no money to pay for it. And a rail line even if it got the go ahead tomorrow with a funding package wouldn't even be completed until the early 2030s!