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Everything posted by islington_n7

  1. I'm afraid I can't see the culture of viewing property as an investment changing any time soon in the UK. I see my flat as a home, but also as an investment - not just financially, but in terms of where I live too. To be honest, even if there was a massive HPC i wouldn't care if my investment was decimated so long as I could afford to pay the mortgage. This is a much more attractive proposition than renting where there absolutely no rights, freedom or security.....and this is the reason why the culture wont change! Have already resigned myself to the fact that there is no ladder, I'm stuck
  2. I'm afraid there will be no choice when it happens! Just got to get on with it.....
  3. Your current housing situation: Owner occupier of a 1 bed flat with partner. What type of house would you like to buy? 2 bedroom garden flat locally How much does this cost in the area you are planning to buy in? £500k How much would it have to cost before you thought it was worth buying? I think it's worth £500k as that's what the market dictates. If it came down to £350k it would still be a huge struggle and over commitment, but possibly doable (at the expense of a life!). However that isn't going to happen (and totally undesirable as this would inevitably mean I'd be stuck with my
  4. Is this attack the alternative point of view day? If you paid council tax in N7 you would know what borough it's in. As for your opinion on the area - you are entitled to it - not that it makes the slightest bit of difference to the consistent and aggressive house price rises in this postcode over the last 5 years, 10 years, 15 years, and so forth.
  5. What you all seem to forget is this is not a country full of poverty stricken chavs - there's a lot of wealth - even up north (but granted the majority is in the South). The nicer parts of London wreak of cash and the crap parts are increasingly filled by 'normal people' who are still swimming in the stuff! So my friends - I don't see a crash happening soon within the M25 - with or without foreign money..... It's fun watching the haters squirm though...........
  6. Take a look at this then. I'm sure these houses were going for £800k when i first moved around here in 2008, and £1.1 million last year - remember, although I love it around here, this aint prime central London - I have a feeling it will sell too........depressing http://www.rightmove.co.uk/property-for-sale/property-37458112.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DOUTCODE%255E1685%26insId%3D2%26maxDaysSinceAdded%3D3%26includeSSTC%3Dtrue%26_includeSSTC%3Don%23_includeSSTC%3Don%26auction%3Dfalse%26includeSSTC%3Dtrue%26locationIdentifier%3DOUTCODE%255E1685%26m
  7. Yes I read that article. However they fail to mention that even a leasehold is a valuable commodity, which can be sold on with no problems. I would much rather 'rent long term' for 99 years than be at the mercy of landlords and not be able to decorate.
  8. As a saver I think it's sensible for them to have a preference to lend money to people who are putting a significant amount of their own capital at risk. It makes no odds to me if it's a FTB or experienced BTL investor. Also, I'm a little bored of all the BTL bashers on here - it's very repetitive and boring. What we need are realistic solutions, and as people can't afford the buy the solution should look at how to make renting more secure! And no, waiting for a house price crash won't solve anything - it will make things much much worse!
  9. My experience is mainly limited to where I live - so can only vouch for that. However, when we looked at the place is was a no brainer....... Firstly, it's Holloway proper and not Tuffnell Park. If you can live with that then try Staveley Close/Keighley Close - you will only be able to afford a one bed here, but you'll have a little change to tart the place up. The next size up is a 3 bed maisonette, but they go for close to £350k and seem to be massively attractive to BTL landlords (but considering a similar sized flat on the posh road behind (Penn Road) go for double that - it;s a steal!
  10. That side is expensive. 2 bed flat in poor condition if you're lucky. I'm keeping my eye on the not so leafy side as a freehold cottage is a little more attractive to me for the future
  11. Before you discount N7 on your budget, consider the following: Having bought an ex council flat in the area a few years ago I'd say if you choose wisely, an ex council flat in Hollowat shouldn't offend your Home Counties sensibilities too much, and much less so than Wood Green (because although you can get a period cottage there for £250k , the area is a little raw - and not at all leafy). As I mentioned in an earlier post, I'm closely watching that patch of Wood Green, because a period freehold cottage is an attractive proposition, but have decided that for now at least, an ex council fl
  12. I'd agree. Have been keeping my eye on the cottages on the Wood Green side, which are good value but small. It's relatively cheap, close to the tube and has plenty of useful shops, so seems like a winner to me - but I'm not ready to move from zone 2 just yet............ Considering your ideal area is Angel or Hoxton I'd say the following: IMHO Wood Green seems to be more the poor mans Crouch End rather than the poor Mans Islington (coming from someone who lives in the poor mans Islington). But all in all a great area for your budget in somewhere well connected and half decent north of
  13. It seems perfectly logical to me. People go online, discover and explore their interests, and when they want to activate said interests it quickly becomes apparent that there is a whole community of people just like them in urban areas. The fact that London is the global centre of excellence for many things (officially and unofficially) attracts those from far and wide. Taken this as a given, I would much prefer to live where the action is rather than endure a grueling commute (although commuting is great if you're an avid reader - and can get a seat!).
  14. I know London is expensive, and this is not exactly a sh*t hole but seems VERY VERY expensive - also, is this really a two bed flat? I wonder if anyone will be suckered into buying it? http://www.rightmove.co.uk/property-for-sale/property-33938035.html?backListLink=%2Fproperty-for-sale%2Fmap.html%3FlocationIdentifier%3DOUTCODE%255E1685%26insId%3D1%23_includeSSTC%3Don%26auction%3Dfalse%26locationIdentifier%3DOUTCODE%255E1685%26previousSearchLocation%3DN7%26radius%3D0.0%26searchLocation%3DN7%26searchType%3DSALE%26useLocationIdentifier%3Dfalse%26box%3D-0.12978%2C-0.10102%2C51.54996%2C51.56018%2
  15. Hopefully the remaining 88.5% buys you a personality - smug t**t
  16. Aren't you forgetting the small fact: there are absolutely no jobs and a barely there private sector outside the SE. I'd rather pay 80% rent, get job satisfaction and the chance of promotion in future - while living amongst interesting like minded people, over living in some dump of a place on benefits - or even worse working for a pointless public sector and in constant fear of loosing my job? Gee, I do wonder about this forum at times!
  17. The last time I checked London was one of the most vibrant and exciting cities in the world. This would explain the massive internal and external immigration (and I'm talking about everyone from your minimum wage migrant worker to your international multi billionaire and everyone in between). In fact I just had a meeting with a lady from New York (but not a New Yorker) who hasn't crossed the pond for 10 years and she was astonished at how interesting the city has become - and will be coming back for more. No one is trapped in London or forced the live here - and anyone wanting to leave
  18. Urm - that doesn't work - it's not precise enough! I want to live in Barnsbury but can't afford so live in Holloway - prices moving up in both. Want to live in Chelsea but can't afford so live in Fulham - again prices going up in both.
  19. This post seems ridiculous to me on so many levels - I'm surprised so many people have bothered to respond! I'll echo other posters by saying it's impossible to even attempt answering your question without knowing: What on earth do you mean by prime? Where on earth is the property? For the record, IMO, the only prime parts of London are parts of SW1, SW3, SW7 & W1, W8, W11, NW8, NW3 (i.e. Belgravia, Chelsea, South Kensington and Mayfair, Notting Hill/Holland Park, Kensington, St Johns Wood - which I personally don't get - and Hampstead). Everything else can be described by many prett
  20. You claim in your first post to be clever, or at least clever enough to escape your inherited hell. However you fail to pick up on the subtle point I'm making. So let me be explicit - your assessment of black people is inaccurate and localised to the very specific inner city areas you speak of - this is not representative of all black people or even the black community. Your judgments on black men specifically are both offensive, inaccurate and you're clearly attempting to reinforce a negative sterotype. In context, not all black people live in Tottenham,in ghettos, have several children
  21. As a black man I need to point out that this is not a 'black' problem or a problem with 'black men'! Unlike the poster, I didn't grow up in a deprived council estate area, the family, friends, collegues and aquantances I have who are black tend to be highly educated, professional, taxpayers living in smart districts around the country/world. Many own their own business, most are married and in general the demographic seems to follow the trend of the rest of the country and western world So what is the problem? Inner city poverty. Unlike the poster, I do know what it is like to be a blac
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