ticket2ride

Help-to-MEW Makes sense. I think a lot of people realise it's not in their interest to buy in at today's prices. The feckless who have over-extended themselves will welcome further hpi, even if it's just so they can spunk the excess on a 4x4 and foreign holiday. They will do this because they've been allowed to. Much easier to target those already in situ than go through all the hassle of finding new buyers, completing chains etc. Re-mortgaging muppets the real target audience here?

The other part of the story....

Didn't see anything about volumes in either of those reports. Presumably this miracle recovery is built on sales well below peak volumes?

that makes grim reading

maybe someone at JP is balling her

Someone phone up Whitstable housing benefit office and say they're Stella Ingrish, divorced, 2 kids, 3BTLs, am I entitled to benefit? See what they say.

Well blondie played a blinder here didn't she? Maybe if she hadn't jacked in her £100k dogs-body job she'd be on her way to giving Fergus a run for his money on the Kent slumlord scene. When Lord Sugar asked her for a cup of tea, she should've replied, "Yessir, Alan sir. How many sugars, Lord Sugar?" Then goes to tribunal just to make herself completely unemployable. Sounds like an ideal candidate for these "high-flying" estate agents we've been hearing about.

Squeal piggies.

Maybe a good thing then? Although don't they rely on councils / housing associations committing to buy a certain amount of units to help fix prices and lock in profit. I like the suggestion of compulsory purchases of land from developers.

Thousands of affordable homes axed Perhaps the SO scam is too much hassle. Take up too low. Lots of comments below the line with specific examples... The word cartel was also mentioned.

"Bids invited from Serco and G4S to set up Gulag for house-buying refuseniks."

interesting. apparently it's know as "Little Lagos"

Bye-bye chancers in cheap suits, hello high-flyers: a new look for estate agents Speculation in the comments that this downwardly mobile high flyer maybe related to the Graun editor.

I don't think those newish housing estates are too bad. Agree it's in the middle of nowhere. Thames Water treat the sewage there so it smells of crap if you're downwind! Some weird ass parks too, like Southmere, where they have the horses. Just an odd place.

That's what I'm seeing too. The occassional comments like this one are blatant trolling:

Yes. Since when were Estate Agents concerned that house prices were over inflated? It's not logical, captain. This says to me that they don't foresee any possibility of 5% increases, as these turkeys wouldn't vote for Christmas. I'm guessing therefore that they are expecting much lower increases or indeed falls. So, what is the purpose of this report? To put this 5% increase figure in people's minds? To float the idea of intervention, which would be more likely at negative 5%, rather than +5? A first class piece of VI bs this one. Hats off.

A "For Sale" board recently appeared in our street last week. My 4 year asked where the house would go once sold. Perhaps I should've answered, "Asia?"

As mentioned in the RICS thread: One Hyde Park apartment repo'd Flipping not as easy as taking CANDY from a baby...in super prime at least.

Forest Hill borders Peckham but is an area in it's own right. Definitely has some unpleasant characters though. See this thread on East Dulwich Forum about a late night sex pest.

I'm seeing crazy ASKING prices around my area in SE15. These are what were the cheaper roads in the SE15 postcode. This one: Hollydale Road £599k UNDER OFFER Hollydale Hollydale average under £400k according to Zoopla Hollydale This one: Brabourn Grove £750k: Brabourn Grove Brabourn average under £350k according to Zoopla Brabourn This one: Lausanne Road £750k UNDER OFFER: Lausanne Road Lausanne Road average around £350k according to Zoopla Lausanne Ok these arent sold prices but the asking prices are circa 50% ABOVE comparable sold prices. This is just one EA but I'm seeing similar in SE4 and SE23 (location of the now infamous £350k shed). FUBAR. Hopefully this is the break-up boom. If not, we're moving to a place where you have to be on banker's salary to be a property owner, certainly in London. Everyone else, 10% shared ownership of a 1 bedroom flat in a tower block. (If you're stupid enough to want in that bad.) I can already see the effect this purging of non upper middles is having on the demographic. Your typical residents: he drives an audi, she pushes a bugaboo. Plebs out. edit: bit more bold never hurt

Shorthand for, "suitable for BTL slumlord looking to cram in 10 illegals."

A 1 bedroom shed at that! ONE BEDROOM. In Forest Hill. £350k! Who the frig is paying these prices? The crash is gonna be ugly. Bring it on.

loads of debt = "financial firepower" Dedication, dedication, dedication's what you need... if you want to escape the "rental nightmare." "Only going to get worse." Get the message, sheeple? :'(

Guardian: The Hidden Dangers of Shared Ownership