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ujio

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About ujio

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  1. For some reason I can't paste the link here. But there's a guardian article saying how 40% of purchases in 2013 had been cash buyers, and I can believe that with what I have seen anecdotally. Either that or people have a sh*tload of equity in their homes. I'm using the sample size of people I know or am acquainted with, maybe that is not truly representative? I also believe that it is very very unlikely to see significant interest rate rises anytime soon. This is the new normal. I would love nothing better to be proved massively wrong! But I don't think that constantly living in denial of th
  2. There appears to be no end of net inflow of wealthy people in London. In fact, it appears that a lot of the top tier from France and Italy are now residing in London. If you go to South Kensington the first language in restaurants and bars appear to be French followed by Italian. I honestly now believe that London is a safe haven for all the wealthy to get away from their crumbling economies. I live in prime central North West London (renting) and I put a post up around 2011 where I said the flat below me went on sale at £620k (2 bedder) after the old lady who lived there for yea
  3. I left last year as I had finished a contracting gig in the City and fancied a change (believe it or not I was getting a bit bored of the same old life in London). I managed to find a job up here which I thought would be a bit of a sabbatical... but it's proving a lot more challenging than I thought! I'm actually living in Gorleston right now ... a move from St Johns Wood, London. Oh how the mighty have fallen!. Great thing about coming up here was how 'cheap' everything seemed relative to my old life. Nights out, eating out, rent etc. This is going to be shit if I ever make the move back
  4. Ironically, check my thread in Anecdotals about Norwich. http://www.housepricecrash.co.uk/forum/index.php?showtopic=194808 I am operating at the slightly lower end of you (A London refugee!) and am experiencing exactly the same. I can't even seem to view any half decent places as they are 'sold' straight away. I can only guess that this 'Wall' of money is from H2B. Compared to London people earn very little...You are considered a high roller on £40k.pa Anecdotal I know, but on nights out the acquaintances I've made struggle to spend much, whereas in the Smoke it was Table service at clubs
  5. Damn, I thought I left this sh@t behind me when I left London! I moved from central London to Norwich a year ago and have started to look for somewhere to buy about a month ago. Trouble is anything I try to view has either gone under offer when I call up the estate agents or I get my viewings cancelled because the seller has found a buyer. Last week I phoned up about 9 properties to view over the week ( try to organise most for the weekend). Out of the 9 , 3 just had offers accepted in the previous two days. Out of the remaining 6, three were cancelled on the day or day before the viewings
  6. About 50% higher in the case of flat10. This is obviously prime London which has no bearing on the rest of the country.
  7. http://www.findaproperty.com/soldsearch.aspx?edid=00&salerent=0&pid=10005907&sp=0&sporder=4&spreverse=0 Well this is the sold flat prices in bolt court ec4.. As you can see the 2011 sold prices are quite significantly higher than what they were bought for in march 2007.
  8. Sorry. Totally cocked up posting and quoting my last post on this shit iPad. Flat went for 820k a couple of months back.
  9. .....Just had a few viewing already today. Together with those yesterday, there is a fair bit of interest evident....
  10. Bump. For another update. The flat modernisation has just been completed. What an ball ache it's been with all the dust settling in our flat (somehow everything got coated with the shit over a few days) and with the Poles hard at work banging away from 8am Monday-Sat. And what happens when I peer on rightmove?? Yes, you guessed it... it's up for sale again! Asking price....? 850k !!! For the record after taking a look around it, it seems that its been totally gutted and modernised at probably a far cheaper cost than I originally thought. It's also stated at 750sq ft on rightmove (though
  11. Holy thread resurrection Batman! Wow... a 3 year anniversary of this thread, which should have marked the turning point! Yet 3 years on it seems we are still here. This time has gone in a blur, let's re-visit again in 3 years time by which time all you will see in HPC land is tumble weed And yes, I have lost my faith.
  12. With all due respect Ken, it really does depend on who you class as your peers. Mine seem to be the biggest bunch of annoying over-achievers (coming from a public school). We are all in our late 20s and everyone is a professional of some sort. Either working in the City in Private Equity/Interest Rate Derivatives trading/Magic Circle Law firm/ VPs at IBs. A few others are IT contractors who earn a pretty good wedge. Some are Doctors (two of my best friends are early in their GP careers after years of study and being junior doctors), dentistry (one guy is probably doing the best out of every
  13. He does work exceptionally hard for his money, 10hour days and also Saturdays. I personally couldn't do it as I am a lazy bugger. But I could think of much more stressful/physical jobs which allow you to just pay your bills. But I guess it's more than made up for when he jumps into his drop top Lambo paid for in cash at the age of 27 at the end of the day. Whilst The rest of us will cry about being screwed by the system working equally soul destroying jobs sitting in front of a computer 9hours a day and going back to nowhere in sh*tsville on a packed train. Some people have infinitely more
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