Debate House Prices


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Londoners, how do you feel about the property market situation?

24

Comments

  • padington
    padington Posts: 3,121 Forumite
    edited 18 January 2017 at 10:38AM
    Do you really thinks millions of Londoners bought their property based on financial advice form a hidden forum almost nobody reads? How quaint.

    Oh yeah forgot, some also took the advice that was handed down in abundance from the older generations whilst some decided to follow the advice of obscure websites on the basis that they must be right because they aren't the 'mainstream media' and rented thinking that was the easy boat to buying a palace for nothing a few years later.
    Proudly voted remain. A global union of countries is the only way to commit global capital to the rule of law.
  • I despaired of buying for years on a single administrator's salary, but I think my expectations were warped by renting in a really nice part of town (one of the quirks of London being you can rent in much smarter areas than you end up buying).

    I think people need to be clear why they are living in London. It's fun in your 20s living in a scuzzy houseshare and partying hard. Into your 30s and especially if you're thinking of having kids, you have to seriously look at your salary expectations and how badly you want/need to work in London. Pretty much all of my friends (late 30s) with kids have moved out; some for work reasons, mainly for house/garden size and schools.

    If I move out of London it will be for a complete lifestyle change; pony in my back garden, keeping chickens, making jam from hedgerow foraging etc.
    They are an EYESORES!!!!
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    "Sell"? What is this thing you earthlings call "sell", Kirk?

    It's a form of housing economic activity, Jim, but not as we know it.
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • The average price of a property in London last year was £580k!

    Fine if you are a high earner, but I don't know how people on average or low salaries manage.
  • My son and his university friend clubbed together in 2008 to buy a two bedroom flat in Clapham for £315,000 which seemed extortionate at the time. It was a struggle at first, and money was tight. Fast forward to now. My son's friend has married and moved out and my son has bought him out. His much bigger salary these days has made it affordable to pay the mortgage, and there's always a friend to rent the second bedroom from time to time. The flat is now valued at around £625,000. He couldn't do it now as a FTB, even with a friend. Thank goodness he decided to get on the ladder when he did, even though he couldn't afford to go out much for quite a while.
  • pony in my back garden, keeping chickens, making jam from hedgerow foraging etc.

    If you're going to do that you'd better start calling the chickens "hens" like the yokels all do, or they'll laugh at you.

    A chicken is something you find wrapped in plastic in a fridge at Tesco, you hopeless townie!
  • ibizafan wrote: »
    Thank goodness he decided to get on the ladder when he did

    ...and thank goodness he didn't listen to crashtrolls.
  • If you're going to do that you'd better start calling the chickens "hens" like the yokels all do, or they'll laugh at you.

    A chicken is something you find wrapped in plastic in a fridge at Tesco, you hopeless townie!

    I've always quite liked the Aussie word "chook". I plan on giving them old lady names like Velma, Madge and Edna. I know the locals love it when townies get sentimental about livestock.
    They are an EYESORES!!!!
  • chucknorris
    chucknorris Posts: 10,793 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    I've always quite liked the Aussie word "chook". I plan on giving them old lady names like Velma, Madge and Edna. I know the locals love it when townies get sentimental about livestock.

    I could never own a farm, I would end up with loads of pets (ie cows, pigs, sheep etc.) and they would all have names and only die from illness and old age. Plus I just wouldn't be able to keep up with all their birthdays (my dog gets extra treats on his birthday).
    Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop
  • I would give hens bog-standard names like Jeff, Gary, and Paul. I think those would be lovely names. There would also be Dave the pig and Andy the goat.

    I also think "Orwight?" would be a good name for a dog. Every time you say its name, you greet it. Alan would be a good name for a cat.
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