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About StrangeTimes

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  1. True but these parts of London have the benefit of being very close the booming City with the high incomes that it is producing. Obviously, Bournemouth's economy is nothing like this. The prices of these appartments, or Sandbanks in Poole are driven by money from outsdie the area, be it investors or second home owners. The theory goes that if property prices fall or crash, elsewhere; up and coming areas with the high proportion of investors & second home owners get hit the hardest - as we are current seeing starting to happen in Spain. If I were to buy a pad in the area, I would look to
  2. I saw this article today which gave me a laugh: http://www.thisisdorset.net/news/tidnews/d...t_sandbanks.php See if you can guess what the key phrase is?!! No local in their right mind would pay £500k never mind a million on a flat in Boscombe. I used to live there and amazingly mamaged to escape without a durg habit, criminal record or a Scouse accent!!!
  3. Hi Deano, First a big thanks for all your informative posts over the last year - I think we both agree that Soton will tank at some point - the question is when. As usual I did my anual xmas shopping at the last minute (saturday) with a quick trip on the train to Southampton. I made a couple of observations: 1) Walking down the hight street was like taking a stroll in downtown Krakow the amount of Polish I heard. These were not single guys, but relatively young couples. There were all looking pretty grumpy, stressed and skint - but then ar'nt we all at xmas! 2) The shops were busy but no w
  4. But would we be in a better position if all the immigrants went home and the 5.1m Brits reported to be living abroad returned home? I doubt it to be honest - certainly inflation would shoot up and interest rates with it. So if you want a HPC, this would be a good idea.
  5. Cheers, Deano. As I said, the flat is for my lodger and I need the spare room back! At the end of the day, he may lose money on it or at least take a long time to get his money back. But he has a secure job so he will live to fight another day!
  6. Deano, This is the place: http://www.rightmove.co.uk/viewdetails-731...=1&tr_t=buy
  7. Deano, My lodger has decided to buy a flat in central southampton. See my post on PMT: http://boards.fool.co.uk/Message.asp?mid=10275624 I believe it is the Orchard Place development. Know anything about it?
  8. luxurary apartments / boscombe pier There's any oxymoron if ever I have seen one! Perhaps these are flats for your up and coming crack dealer!
  9. Scruffy, New Milton is slightly outside my patch (Brockenhurst) however I am obviously near to it. Furthermore, one of the lads in my footie team is an EA in New Milton and fills me in with the market news. Basically according to him (and he is a rare honest EA) he is still very busy (albeit as the area is so full of OAPs, this leads to a relatively high turnover in properties). However he also told me that he is increasingly having to attend repossessions which he does not like doing as its a waste of his time. Basically, as I see the market it is still ticking over - competitively priced
  10. Chaps, I think we should get some things in perspective. Sure this country has got problems, we we are all priveledged to live in one of the richest countries in the world. No child in the UK need go hungry or uneducated, and no person need go without a roof over their head. Compared with pictures we seen on television of the starving in Mali/Sudan or the human rights abuses in Burma etc, our problems are utterly insignficant. I would even go a little further and add that not only are we relatively rich and have a long established liberal democracy, but Britain is the second most beaut
  11. penbat1, I agree that prices are holding up quite well at present. However, the danger is in the pipeline. For example, a simple analysis of BH23 on Nethouseprices of the number of transactions for May 2005 compared with May 2004 shows just 30 sales in May 2005 against 115 for the previous May. i.e. sales are down by a massive 75%!!! This statistic combined with the 30% odd increase in the number of properties for sale, can only in the medium term lead to one result. If such a shift in supply/demand were to happen in the stock market, the prices woud of course change instantly. However, the
  12. Some of the "foreign" investors buying property in London are not too concerned whether they make a capital loss. More than happy to re-mortgage them and get whatever rents they can. I am sure you can work why this is the case!!!!
  13. hmm south norwood..... 10 years ago I recived a totally undeserved good kicking at the railway station - had to jump on a moving train to escape. I wonder if it is any better these days, or they now use knives rather than fists & boots?
  14. It took the axons and the Normans many hundreds of years to finally capture and subdue all of Cornwall. It then took the English from the Elizabethans to the Victorians hundreds more years to destroy its language and much of its unique cultural identity. It has now taken the equity release crusaders less than a decade to sucessfully capture the freehold of most of Cornwall!
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