ticket2ride

this Singaporean new city sounds great but you've got to put it somewhere and a new Milton Keynes will ruin somebody else's grandparents view / legacy. seems wasteful and contradicts what you wrote about Cardiff.

tempting

I've had lots of "we've had to log you out"s recently.

from my Halifax account:

Countrywide Corporate Property Services Ltd, LSL, Trinity.... your guys took one helluva beating! BLOOD IN THE AUCTION ROOM. Lovely jubbly. I'm going to read through the whole thread again and savour. Thanks for posting.

Fingers crossed for a bloodbath in the auction room today. Hoping for lots of RED INK all over M21er's posts.

will he request that someone hold his johnson?

you're not more than one generation from poor white trash, are you, Nellie Diamond?

My council. Sweet. Might even vote Liebor next time.

it is quite a whopper though, good work. if that (and others) was an error, could they correct it for June? what potential impact could that have on the figures? depends on volumes I suppose. with low volumes I guess these "errors" have helped turn London blue. -£25million on one property could help produce an interesting figure next month.

London +7.7% YoY

nearly didn't watch last night's as thought it was going to be too depressing. it was depressing as it confirmed my prejudice: only bankers can afford to buy in places like Notting Hill. that guy who moved out gave a really great commentary on the situation though: tax free status the cause, tax-payer bailouts going straight into houses via bonuses. (who was he? I thought he said he was a "consultant". doctor?). anyway, he made great tv. and I love the way the film-makers allowed the banker/fashion home owners the space to reveal their vacuous awfulness all by themselves. they reminded me of the yuppy grotesques in Mike Leigh's High Hopes. this series has been superb.

erectile dysfunction in Asian investors? (no more hard-ons for London property.)

just to lower the tone....IN YOUR FACE bulls.

+1. Her choice to try not to answer the first, simple question. Not Paxo's fault that she made herself look a total effing idiot as a result. Great stuff.

I viewed a repo property. When I arrived I was told that it was being taken off the market because the "owner" was negotiating to pay the arrears. Next thing I know it's been sold. The new story was that it was "cash buyers only" as it was unmortgageable. This despite being previously told the opposite and it obviously being mortgaged at the time. I would be good to see what goes on exposed. There was a thread a while back that suggested the banks also collude in this. It seems obvious that developers aren't paying silly prices. And as I think the op is saying, this is distorting the figures when they come to re-sell.

I admit I didn't read the post fully and my assumption was that the properties that had seen 30-40% increase in 6 months had been bought for less than their market value. (I didn't think it was 80% hpi!) Even if they have been renovated, isn't the saying, "you make all your money when buying." So it still begs the question, how do you buy a property at a price that is low enough (for a developer) to turn a profit? I would guess the average Joe on the street wouldn't get this kind of opportunity. I would love to know exactly how such a property is bought.

properties 3, 6 & 7 have seen their selling price increase by 40% since November last year. what's the story there? others with 20 & 30% increases. I'd like some of that action myself.

Kirty's globes

http://twitter.com/#!/LandRegGov Land Registry's May HPI shows a monthly increase of 0.5% average house price in England and Wales at £161,677. Full HPI out 2 July 11am.

The guy from the Camberwell Society did allude to this when he said (snottily), "I suppose it will be people who get bonuses" buying them. It was very interesting that these houses had become multiple occupancy at one stage though. Showing the historical changes of occupancy of (particularly) London properties shows that things have changed and will continue to do so. As you point out, £1.5million is beyond your average middle class buyer. So the choice is between the very well off owner occupier or divided into flats and rented out. I dont blame the residents for prefering the first option. It does appear we're seeing an historical phase where the rentier class is taking control of large amounts of property, which is very worrying.

will Prince Philip of Greece have something to celebrate this weekend?

very good. edit: wonder if there's time to enter it for the wolfson economics prize?

a very Spanish solution. can't meet your targets this year? try mañana

This time next year, Darren......