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House Price Crash Forum


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Everything posted by dkujsbap

  1. Westfield charge around £5 an hour to park yet people go there and in Orford Road, Walthamstow business is flourishing where motor vehicles have been banned outright. Councils have a tough job keeping streets clean when the citizens spit, drop cig ends, gum and litter everywhere Not everything is dependent on the car, in fact if the lazy British didn't rely on the car they'd have about £5k more in disposible income. It's because the economy is ******ed and people are ******ed. People only visit out of town retail parks for shopping these days. If you want a coffee or to put a fiver on the nags, you go to the "council bricks and mortar" High Street.
  2. Only the other day I was considering making this type of thing myself. Good to see, and will be emailing the devs the ideas I never pressed on with.
  3. McDonnell speaking about house building and SDLT on BBC Breakfast: WE wouldn't just be able to make them settle, "we may even be able to reduce house prices". Methods flawed but promising language
  4. Voted no. I am a firm believer in the betting markets showing true probability and from memory they have been pretty accurate since I've been tracking the interest rate markets. So I should vote yes, right? I (just) voted no because I've read all the talk before.
  5. Didn't bother asking anyone "are house prices too high" then.
  6. Betting markets still predicting 0.5% but I have no idea what he means by "relatively" short term, other than "once I've left"
  7. Yeah I am slowly taking everything out of p2p. I can see p2p being very viable in the future, and has been in the past. Concerning right now though.
  8. Incidentally, betfair exchange is currently running at odds-on that the next MPC decision will be a rate rise. Not that that signals much of course, but last time I looked it was 1.03 for no change. Brexit was around 1.10 though so take it all with a pinch of salt.
  9. That graphic feels like we* are being buttered up for some sort of LVT. Is it just me or does the article give the impression that it wants its readers to feel envious of those benefitting from public spending?
  10. Sorry what? Hot young staff? Time for be to become a vegan.
  11. Wonder if he realises that a lot of renters are now familiar with the tenant deposit scheme, and the potential to actually get a decent chunk of money out of the landlord. Lower deposit, higher rent. Smaller penalty for not protecting?
  12. I'm looking at the best rated comments and none of them seem to like this, or the thought of an HPC?
  13. I appreciate that kids and spouse may have had an effect but why not do like everyone else and go to the pub while things calmed down? People and taverns are literally the two things that make London worth it. Went for a few beers AND got a seat tonight!
  14. Not worth ruining friendships over this. Just like Brexit, Benefits, Cycling, Religion and other divisive topics, keep it on here. In the last year, most of my friends have FTbought. I don't agree with it and selfishly I need them to get burned so that I don't. But I'm not going to get into a discussion about it because what good is it going to do? I'm sure as shit not going to brag if prices do take a hit, although maybe I'm lucky in that my best friends don't really talk about prices which is refreshing. At best, you'll work yourself up trying to reason with someone whose beliefs are different to yours (and in fairness, more correct given how things have played out). At worse, you'll lose a mate.
  15. I successfully* told a LA that I didn't agree with their fees and that I'm not going to pay them. On the basis that the government has said they're going to ban them, I'm just bringing that forward. They get enough money from the landlord so if they want the place let, they had better waive their fees. This is NW London as well, so keep on bargaining hard guys. * I ended up not taking the flat so it was all moot, but they agreed to my demands!
  16. Anecdotally, I've started looking at rental flats in London again having returned to the country after an absolutely lovely time away from it all. First thing the agent said (after the "this is the sh*tty bed you'll sleep in" guff) was that "the market had turned". Apparently the place had started at over £1400pcm and he talked them down to £1200pcm. OK, it was never going to get that higher figure but he even went onto explain how he had shown the landlady the calculations re: voids. Empty three months. Yes, the owner is a tool but I was pleasantly surprised to hear that from an EA, and 100% unprompted. Maybe we are finally seeing the survival of the fittest.
  17. Exactly the reason for my hesitation. Having said that, and I realise people like to embellish and make themselves look better, I've met three different hostel owners (all in south America) that are now building additional ones. Maybe Europe is totally saturated. This continent is nowhere near, everywhere has been pretty full even in August. Oh well. Back to the day job for now.
  18. Wow. That's ridiculous. Do you mind telling me which one as I have been meaning to go back to Barcelona! I wouldn't necessarily cater only to couples, but I wouldn't exactly be running a party hostel. Maybe more like a hotel with a common area, with one or two dorms for single travelers and friends. Personally I don't think AirBnB can offer the same (although you're correct about competition) type of stay: socialising and advice on the locality. Anyway, this is why I would be wanting to avoid the likes of Barcelona. It's far too saturated and actually, people have been there now. People are tending to explore off the beaten track a little bit, hence the current popularity of places like Morocco, Croatia and Iceland! Although I'm noticing a trend in "second and third" cities. Anyway, I am mostly wondering if the entire world is in a bubble right now
  19. Having traveled a lot of the world and with zero ties, as I approach my 30th birthday I want something new. I'm bored of London. I have stayed in enough hostels and guesthouses to know what works and what doesn't. I want to take my £150k and set up a hostel (not the typical backpacker one but more boutique-y aimed at couples). Problem is, as we all know, pretty much most places are in a property bubble, and there are additional costs of hiring foreign lawyers etc and of course, loading up on foreign debt. Is this another "Bulgaria moment" or can anyone perhaps provide some insight on bubbles and business mortgages around Europe? Obviously not looking at the Paris, Barcelonas as that's just like London. Think Seville, Valencia, Genoa. Reckon a place big enough for 8-10 rooms is going to set me back at least what, 1.5m euro? Or would it be a commercial lease and again, any info is appreciated to help me do the numbers. P.S. Please feel free to talk me out of my midlife crisis...
  20. Yep I would also add in the closure of pubs and other community assets. When even the most profitable businesses can earn more by converting into flats, you lose out on places to go out, have to travel for food etc. The more staff have to pay in rent, the more you need to pay them to bring you that bottle of wine. As homeownership falls and turnover of residents increases, local communities suffer as participation falls. Finally I would also highlight under HtB FLS and so on, that directly relates to less money to spend on NHS education Road repairs etc. Other than that, brilliant. Maybe list number of MPs that derive income from HB or own multiple properties.
  21. And here I thought this thread was about commercial rents going up...
  22. Can this be summarised for those of us that can't watch? Edit: Please!
  23. In fairness we shouldn't have had it. We should have had a hung parliament but Cameron made a promise to win votes. I voted leave btw, but we should never have actually hit this point, imo.
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