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Everything posted by Gideon Gono
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London Fails To Make Top 50 'most Live-able' Cities
Gideon Gono replied to 50%deposit's topic in House prices and the economy
I was there for 3 years before getting shipped to NY. HK is awesome. 16% tax and the 20hkd cab fares were the best thing ever. Sai Kung is a tropical escape 30 mins away in a cab. Gutted I had to leave. -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
Chiswick - 600 sf -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
Yeah I see it - people on 25k expecting to buy 4 bed detached houses etc etc. Whats your point? -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
exactly - -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
1) ditto - 2) Thats why house prices are rising because there is no good stock on the market. 3) I beg to differ. If the landlord cant make his payments the tenant will face drama too. 4) The point is the financially stressed will be flushed out. Leaving the one who can handle a couple of months void. At some point LLs will have to raise rent s to cover costs. 5) see above 6) Yes it is - house prices dropped this % in the last crash. Maybe there is 5% - 7% to go but its not 30 - 40% more. 7) Not a jib at you inparticular but there are plenty of dreamers (house prices will drop 90% etc Tin Foil Hatters) that think the end of the world is near. 8) Good luck to you -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
Or realists. -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
30k left to pay on the mortgage @ .54 above BOE rate. Flat making 600 quid a month after tax. Yeah, Im up to my neck in it. -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
read the original context of the question - -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
Clever - and what was the market interest rate doing last year? -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
There is a difference between confidence and recklessness. Would I lend money to someone who had a good career and was working their way through life had a good credit record and was stable? Yes, Id be confident with that investment. Now - would I lend 500k to someone without a job, a NINJA if you know the expression on the premise his asset will always rise in value no matter what? No - that would be reckless wouldn't it. -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
1) Yes - 2) Don't you think other landlords will be doing the same as their costs have gone up too? 3) See point 2, you're all in the same boat 4) Yes, the weak will get flushed out - most of its done already. If you cant pay a mortgage on these interest rates you never will 5) See point 4 - 6) They have already dropped 25-30%. If that's not one hell of a discount I don't know what is. 7) or stick their finger in their ears and deny what's going on around them 8) If you cant buy a house after a 25-30% correction I suggest you get a new career. -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
I disagree - The economy is all about confidence and sentiment. If these 2 things are fine people are out spending again (hopefully within their means) so we get to a level of sustainable growth. If we are all doom gloom and fear we don't spend. Then the unemployment cycle gets worse. -
Invasion Of The Reality Snatchers
Gideon Gono replied to The Masked Tulip's topic in House prices and the economy
And whats your landlord going to do to your rent once his costs start rising? Renting is a mugs game. -
Is The Jobs Market Improving?
Gideon Gono replied to LondonToManchester's topic in House prices and the economy
I was going to ask this the other day. Im noticing it too. Yes, same sector. Lots of mail regarding IT jobs in London. -
Have you ever heard of squating? now tell me who has the rights - the guy who owns the property or someone who has refused to pay his rent.