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House Price Crash Forum


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About Ealing53

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  1. Yes I have got skin in the game - I want prices to fall so I can move up the ladder and buy a house so my kids don't need to share a box room when they're teenagers. I was close to doing this in 2008/9 but couldn't sell my flat, then watched the price of a 3 bed become double that of a flat while the price of my flat stays the same. So forgive me for not subscribing to your market logic fantasies.
  2. And how much stock does death, divorce etc contribute to? If supply is an issue, according to this logic that means fewer people are dying or getting divorced. Plus since when is the housing market a logical one?
  3. Trailer parks? Have we got to that point? What next, favelas?
  4. MMR won't help at all. All that will happen is that buyers disappear because they can't get mortgages, and as interest rates are low sellers are under no pressure to sell. Ergo the housing market will go into complete gridlock which is where we were in 2008/9 after the crash.
  5. absolutely spot on. this is the real scandal in housing, the vested interest of our so-called "honourable members of parliament" in keeping house prices and rents high so they can earn money for themselves.
  6. We're looking for a 3 bed house around the £450k mark. Where I am in Ealing has now climbed to £550k+ for that sort of house, Kingston is a very hard place to look for a house I find - it's very hard to pinpoint decent parts of Kingston. For instance, I like the look of the area just south of the station, but a) it's not cheap and the schools don't seem that good.
  7. I've looked into Kingston and it's not that much cheaper than Ealing TBH. Hence Bromley. In fact, most of west/sw London is incredibly expensive for what you get. Dulwich is also very expensive so that's not really an option.
  8. Thanks for the info on Trinity Village will bear that in mind when we go to take a look. TBH what attracted me was the part-ex offer but that only goes as far as £250k and our flat is a bit over (not much though) - probably not designed to actually be an offer anyone takes up. Will take a look at Orpington.
  9. I'm looking at a new development (Trinity Village) in Bromley, but know absolutely FA about the area. From what I can google, the schools aren't bad at all and it's got good shopping in the centre, but would be interested in everyone's views on the area if they know it. I'm having a hard time persuading my missus that anywhere outside Ealing (which we can't afford) is worth living in, and she will inevitably ask me what the catch is. I though it might be transport, but my view has always been that I'll live where I want to rather than in somewhere I don't want to for a better commute. Besides which you never know what's going to happen with work (redundancy, relocation etc).
  10. That's assuming the average voter is motivated enough to do anything about anything. All it takes is a dancing dog on BGT and people forget to vote.
  11. I think you've hit the nail on the head of why we view home ownership in the country the way we do. Rachmanism was coined in this country after all. While much has changed since then, "landlord-tenant" still has a connotation of serfdom in the UK which is why both parties treat each other badly on occasion. Plus many people still have their memories of student life. We need a more far-reaching reform of tenancy to make it a viable long-term option, not just something you do when you're in your twenties or as a student. That's what happens in e.g. Germany and that's why those countries don't have ridiculous housing bubbles. But then given the number of our MPs who are also landlords, that's never going to happen....
  12. She's asking why investors, particular those from abroad, pay the same as owner-occupiers.
  13. You're right, I work in the East Midlands some of the time and there's a huge difference in how the economies seem to be faring. I don't think there's a bubble either, I think the ladder has been pulled up from ordinary folk. There's now talk in the Standard of pop-up housing in disused garages in Dalston which to me is the thin end of a wedge. This is presumably how townships and favelas develop.
  14. Well, an actor says we don't need it because it's goes near his house so we should stop right now. In fact, there should be no building work in this country for the next 20 years apart from swimming pools in Notting Hill.
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