Is property in a bubble?

economic

yes exactly. there is no bubble. i am thinking about buying another property in london as an investment.

padington

The prices will keep on steaming ahead if we vote remain. The world wants to live here. The poor are jumping the gates and the rich are here and in bigger numbers than anywhere and that will only continue as our soft power continues to pull ahead of elsewhere. Supply and demand will remain King.

Horrible properties in horrible places might take a dive and prime property may continue to deflate but nice homes in nice places will continue to rise. Prices are cheap everywhere relative to what they will become, in 2019 if you traveled back in time to right now you would be filling your boots.

Samsonite1

Many colleagues I have worked with over the past decade have moved to London from places like Sydney, San Francisco, New York and other places. Interestingly, they have all said that London is cheap in comparison and wages are low - they took pay cuts to live an work in London. The bigger picture involves looking at the whole world, not just the EU. There are arguments that making it harder for Europeans to move to the UK will actually make it more attractive to those who are outside Europe already.

westernpromise

A colleague of mine went to Australia (Sydney) recently to visit family - he has always hankered after moving out there. He came back glumly reporting that Sydney house prices are the same as London but Sydney salaries aren't.

Being a crashtroll is a parochial thing.

Samsonite1

westernpromise wrote: »

A colleague of mine went to Australia (Sydney) recently to visit family - he has always hankered after moving out there. He came back glumly reporting that Sydney house prices are the same as London but Sydney salaries aren't.

Being a crashtroll is a parochial thing.

One of my Sydney colleagues is moving to London right now, although it is mostly Americans that say London salaries are low.

Conrad

peter schiff : Last Warning To America - Dollar Will Collapse 100% 28 May 2016


https://www.youtube.com/watch?v=ucL1Ulw6B3c






The Proof That The Dollar Collapse Will Be In 28 May 2016


https://www.youtube.com/watch?v=kSheRdCjlcQ

Conrad

^^ Mind you I have been wondering how the US is managing under such staggering debt, and also with such a high rate of off-shoring of business which will lead to less corporate tax being available.


Trump has a massive task




PS - I placed this in this thread as it is about the matter of economic collapse.

westernpromise

On the basis that when your shoeshine boy tells you what stocks to buy the market has peaked, likewise, when every Tom !!!! and Harry says it's in a bubble then it has a long way still to run.

Garethgrew

MiserlyMartin wrote: »

Most definately a bubble, however immigration is high. This is why most people who support the remain vote have vested interests in BTL, the EU gravy train, and all the other organisations which get EU funds and other parts of the EU racket.

There are no jobs up north in places where property is cheaper than the south, crime figures terrible too, this is why it is cheaper.. Still overpriced. Its only the expensive south which makes it look so cheap.

London will correct, don't know when but the longer this all goes on the worse it is going to be. When this happens the north will go down with it. I'm starting to think that it will be a global economic shock over which nobody has any control which will take it down and when that happens, your house value will be the last thing anyone is worried about.

Just because lots of poor people are arriving on our shores doesn't mean property prices can keep going up.

It doesn't matter how many people want to live in a property, all that matters is who can afford the asking prices/rents.

Look at a refugee camp, lots more demand than supply, but what does it matter if nobody has any funds available.

lisyloo

Garethgrew wrote: »

Just because lots of poor people are arriving on our shores doesn't mean property prices can keep going up.

It doesn't matter how many people want to live in a property, all that matters is who can afford the asking prices/rents.

Look at a refugee camp, lots more demand than supply, but what does it matter if nobody has any funds available.

Eh?
Most of those poor people do have funds available, they may not be on high incomes but they work as waiters in hotels, nail bars etc.
They can club together and rent property.
If they don't have kids they could probably outbid the natives, but a lot of them would prefer densely occupied housing and take the money back home.

I don't know what you are on about.
Most of them are not on the streets.
The majority CAN and DO afford rent.