Oil could crash to $10 a barrel, warn investment bank bears

Crashy_Time

padington wrote: »

Yep, building as many houses as necessary and limiting credit especially to first time Buyers are the two main ones.

Deflation is very bad for people who bought at bubble prices with debt they can`t afford, large chunks of London will implode as the Bear gets munching, Wood Green is just a lump of concrete on the map, nothing special.

cells

Crashy_Time wrote: »

Deflation is very bad for people who bought at bubble prices with debt they can`t afford, large chunks of London will implode as the Bear gets munching, Wood Green is just a lump of concrete on the map, nothing special.

only ~ 3% of London would be impacted by a 10% fall in prices

only ~3% more on top of that would be impacted by a 25% fall in prices

and by impacted, i mean they would be a bit !!!!ed off not that they would go bankrupt

and the reason is simple, only about 3% of the stock transacts each year

Crashy_Time

cells wrote: »

only ~ 3% of London would be impacted by a 10% fall in prices

only ~3% more on top of that would be impacted by a 25% fall in prices

and by impacted, i mean they would be a bit !!!!ed off not that they would go bankrupt

and the reason is simple, only about 3% of the stock transacts each year

The market is made by the sales that go through, the majority who don`t sell don`t count.

cells

Crashy_Time wrote: »

The market is made by the sales that go through, the majority who don`t sell don`t count.

what are you talking about

I am joining your team, there is going to be a 25% crash by Christmas. only problem is that ~95% of London does not care as they bought at prices 25% less than now or even lower

Crashy_Time

cells wrote: »

what are you talking about

I am joining your team, there is going to be a 25% crash by Christmas. only problem is that ~95% of London does not care as they bought at prices 25% less than now or even lower

The only thing that concerns a seller is the price point at which they can find a buyer. How much some stats tell you the market has risen on low volumes are meaningless.

padington

mwpt wrote: »

I keep asking you to please link a property (rightmove) which is good value in Wood Green. I'm genuinely interested to see how my "good value" place compares.

Would you mind?

Do you want me to chose your wife for you as well ? Come on. Do your own homework.

My place cost well under 300k and has been making 62.5k paper profit a year for the last four years like clockwork.

If you want to book mark this thread and check out general Wood Green prices again at the end of 2016 feel free, you might look a little silly though.

... And it will be because of these reasons

Cross rail 2 coming (either two stations both ends or smack in the middle)
24 night tube coming
Mahoosive development of the whole area in the next 20 year plan
Ally Pally getting 28 million redevelopment
Low interest rates
Massive growing population
More credit to first time buyers
A new burgeoning and grafting Eastern European population
Massive Turkish population pouring money in from Turkey
Popularity of the piccadily line
The belief that zone 3 is the go to Zone
The general rise of London as the worlds favourite city
Even more soft power emanating from the UK
Taxes on pricey property putting up prices of cheap property
The rise of the digital dynamic where only the digital cities thrive.
Low oil price subsiding London in many ways.
Spillover from Muswell hill and crouch end

mwpt

padington wrote: »

Do you want me to chose your wife for you as well ? Come on. Do your own homework.

Touchy!

I'm genuinely curious what is considered good value. You were lucky to get in before the 2013/14 boom, but I don't see much that looks like value in the area now on right move, which is why I keep asking you to show me one you think qualifies. No doubt house prices will go up, until they don't.

This is the cheapest three bed place within half a mile to the station:
http://www.rightmove.co.uk/property-for-sale/property-52243375.html

I would not buy that to live in. Definitely not at that price. Unfortunately, it'll be more expensive next year.

worried_jim

A further 5p cut per litre of petrol on its way shortly.

padington

mwpt wrote: »

Touchy!

I'm genuinely curious what is considered good value. You were lucky to get in before the 2013/14 boom, but I don't see much that looks like value in the area now on right move, which is why I keep asking you to show me one you think qualifies. No doubt house prices will go up, until they don't.

This is the cheapest three bed place within half a mile to the station:
http://www.rightmove.co.uk/property-for-sale/property-52243375.html

I would not buy that to live in. Definitely not at that price. Unfortunately, it'll be more expensive next year.

The area is really hot at the moment, I wouldn't wait for something on right move, lots of stuff doesn't even get shown online, lots get sold direct to estate agents preffered buyers. You need to develop a good relationship with the estate agents.

If you can get yourself a nice 2 bed house for half a million close to the underground and overground however, you will be glad you did further down the line.

Mistermeaner

Wives are, in my experience, terrible investments