Europa

Seriously? Do you have a link?

So the average wage is 19k? Come off it The property is in Salisbury, not Tirana

Yes, really brings it home to me how cheap property is outside London. Would quite happily pay 230k for that place. And yet the provincial bears still complain

The crash started six weeks ago, right?

I do see your point. My argument was that this skews the figures, and makes them less reliable (particularly when taken in isolation).

You seem rather bitter and angry, Smell the Fear. I suppose I'd feel the same in your position

Your contempt for the gentlemen of the press seems rather unhealthy. EDIT: Line deleted as, on second thoughts, decided not to lower myself to the level of the playground

Indeed - I think we are all a little guilty of that. The risks are increasing and there are reasons to remain vigilant. That is not the same as assuming that a significant downturn is upon us. The Foxtons quote (and I read this on the train, so am relying on memory) was from roughly two-three weeks ago.

When the arguement is lost, resort to abuse For your benefit, I will explain again. And for reasons that a cursory glance through your posts will make clear, I will keep it very, very simple. You have not taken account of multiple lists (the same property listed through a number of agents) With me so far? Good... You have also failed to take into account new agents subscribing to Rightmove. You also need to realise that Rightmove is rather tardy when it comes to updates. Properties which have been under offer for some weeks remain available online. Hope that helps

I think that should be obvious from my posts

A sterling contribution. Regarding Foxton's (and the obvious problem with using a single agency as a source for a thread), you need to remember it is a fast growing business. In an interview with the Standard recently, the founder gave figures for the number of potential sellers approaching the company. The number of potential buyers listing is outstripping the new sellers by something like 8 to 1. As for the city... Record year for bonuses, strong M&A pipeline, continued growth for UK Plc, no prospect of the carry trade unwinding any time soon. Need I go on? The thing is, the information is readily available. You could dig it out yourself and make an informed opinion. Yet so many bears prefer to have their views affirmed by Realistbear, etc. Think for yourself.

When the City crashes? London's finance-led economy remains on firm ground, I'm afraid. Probably worth doing your own research rather than relying on the more hysterical posters

Need I tell you again why your Rightmove-based "evidence" is bunk?

But where does that leave renters? A serf's serf?

Oh, I wouldn't worry. London is still showing strong increases (and I can say from personal experience that the areas you mentioned are still hot). The problem with Rightmove is that a high number of the properties offered (in my experience) are actually already sold or under-offer. Also, your search doesn't take into account new agents signing up with Rightmove and multiple listings. Sorry if that wasn't what you wanted to hear

Be very careful - similar posts were made back in 2001 (see the BBC website's "have your say" sections) and on this site each year since 2004. Those who stayed out of the market over that period really will regret the decision. You may find yourself living with the parents for longer than you think.

Are you being deliberately obtuse? I think the point the OP was making was that previous crashes (the cyclical troughs following the peaks, as plotted on the HPC graph) were in most cases invisible on the ground as nominal prices remained positive. The fact is that it wasn't negative equity that forced people on to the streets in the early 1990s; it was the punishing interest rate increases and the economic chaos. People didn't sell their comfortable family homes and opt for B&B accomodation because the perceived value of their "investment" had dipped.

If it makes you feel any better, I believe Dr Bubb STRed in Kensington in 2001. As a shrewd investor he chose to miss the Prime London boom completely and sell while prices were relatively low. That aside, thanks for a very honest post. Hopefully it will provide a cautionary tale for some other bears.

Oh, come on :angry: Inflation is not 6pc (0.5pc annualised). And more to the point, are you getting 6pc PA from your savings account. If we're going to start imaging inflation, lets agree to put it at 50pc. That way houses are certainly in freefall.

Yes, just having a bit of fun

Hmm.. Ridiculously "macho" avatar, constant gay references... obsession with the sexuality of HPC members. Clearly PG is a true bear http://en.wikipedia.org/wiki/Bear_community

A rise, eh? Amazing. The same prediction that is all over the news wires. Should you come across any more worthless information, please don't hesitate to post.

Personally I live undisturbed. I also live safe without petty restrictions on decor, pets and smoking. I think it is one of the many perks of owner-occupation. That and being safe in the knowledge that I won't be turfed out on a stranger's whim

Yes, the Mods are often quite happy to keep the foul abuse from their favourite clown. But posts attacking you often disappear very quickly

... potential for limited cat swinging http://www.rightmove.co.uk/viewdetails-144...=1&tr_t=buy I know the "overpriced holes" threads have been done to death, but I was wondering if anyone has encountered anything quite this small for the money. :angry: Of particular interest, I thought, was the fact it occupies the space "between the ground and first floor" - a few inches at most, surely?