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  1. I couldn’t agree more. Just today, I saw this reduced (again). It’s been on for months. It still looks incredibly overpriced to me and needs a lot of work doing on it: http://www.rightmove.co.uk/property-for-sale/property-69128957.html
  2. Train from London Road has seats - but it is a long grim uncomfortable journey.
  3. I would like to add that the commute from Guildford is not great. I moved to the Burpham/Merrow side last year (from Kingston) closer to the London Road station. For a month I experimented with going to the mainline station as the rail part of the journey is much quicker. However, adding on the time to get down into town means that going from London Road works out better for me even if the train journey is over an hour and the rolling stock is the non air-conditioned kind which is hell on wheels in the summer. Also the trains from the mainline station are packed by the time they get to a Guildford. Guildford itself is great but horrendously over-priced
  4. I’m definitely seeing prices come down.
  5. That is truly shocking. It looks like a glorified shed. What’s even more shocking is that with an assumed 10% deposit you’d have to be on at least 80k to get a mortgage approval. It’s bonkers. When is this house of cards going to come down?
  6. We are looking to buy in the area. A while ago we actually found a place we liked. It had been on the market for months. We put in what we thought was a reasonable offer but the owner wouldn’t entertain it. I even pointed out comparable properties that sold for less about a year or so earlier (I.e. in a more buoyant market). The estate agent’s response was “but this one is worth more.” To which I replied. “Is it? How come it has been on the market for eight months and remains unsold.” They then told me that if I didn’t act now, the owners would take it off the market. He was right. They did. It does seem that there is a lot of this kite-flying going on with owners in search of the greater fool. Presumably it will come back on at some point in the new year ...
  7. I do find this sort of thing pernicious: http://Guildford, Surrey http://www.rightmove.co.uk/property-for-sale/property-59309197.html Now on for overs in excess of £850k. Last year it failed to sell for £825k and was withdrawn from the market! http://Guildford, Surrey http://www.rightmove.co.uk/property-for-sale/property-59309197.html
  8. That’s very interesting. I know Kingston reasonably well but I’ve just started looking at Guildford. I was initially surprised at how expensive it was (although for good reasons as “Does Commute a Bit” kindly commented) but I am seeing price drops. My feeling is that it is only just starting though - like a wave moving out from London.
  9. Thank you. I guess this about sums it up!
  10. Thanks. That is a fair point. I’m afraid I don’t know Putney that well but £1000 per square foot for something like that would be frightening indeed! Getting back to Guildford though, is anyone seeing price drops here or have they not yet radiated out from London? I’ve just started looking and am trying to get an idea if asking prices have started falling here ... and if so, by how much!?
  11. Guildford seems relatively over priced to me. It is a reasonably nice place but why are people willing to pay such a premium to live there. For instance, here are two very similar modern townhouses - one in Guildford and one in Putney. The one in Guildford is a lower price but more expensive on a per sqaure foot basis. This seems crazy. Guildford = £478 per square foot http://www.rightmove.co.uk/property-for-sale/property-68104436.html Alton Road, Putney = £436 per square foot http://www.rightmove.co.uk/property-for-sale/property-69327545.html
  12. It has been dropped! Also, I imagine the service charge on this would be over 6k per year too!
  13. This is a link to the original article in this mornings NY Times. http://www.nytimes.com/2009/08/19/opinion/19buffett.html
  14. I agree ... but our whole economic system has been based on Bullsh1t ... which is why we're all washed up. On this subject, there's a little book called d Fantasy Island that I read a while ago; I'm sure many here have read it. Chapter 4 is great. Here's a quote: Sadly ... it's all true.
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