Rents Must Fall

Nope, this newbie troll is, of course, absolutely correct :-). We should all 'get with the program'. In 3 years time, average salaries will be 28k, and average house prices will be 1.4 million. Stands to reason, don't it? Jeez. what a pigshit-thick little tosser.

Just saw 'REDUCED' in huge red letters on the ads in the windo of John D Wood, Notting Hill, a PRIME estate agent. Desperate times! He he! Bring it on! PS, just did the rounds, not a single e.a. had a single customer in em. I've never seen such long faces! I nearly pissed myself laughing - and its coming up to xmas too - how will those talentless parasites pay for the new BMW this year?? :-) S C H A D E N F R E U D E

He he! He's got yer there wrongmove! A Kiwi from an inbred tiny little island who married a Swede from a tiny inbred country and parasitically sucks on the wages of UK citizens to 'make his living'. Absolutely FINE choice for a Messiah, I'd say :-) BTW, he's likely to start finding his tenants vacating in the new year, as they realise that they can, like the rest of us renting in London, either upsize our space at no extra cost, or downsize our rents while maintinging/improving the quality of our accomodation. He's basically fooked, and he knows it. Hej da, Time To Cry About The Rents!

"They added that while most people believe that house prices will not fall since the level of employment is so high, "this relationship usually operates the other way round. A fall in house prices depresses domestic demand, which in turn prompts firms to shed staff. This is what happened in 1989 and is what we expect to see in 2005"." not according to that little troll-spanker BBB. Apparently the recession caused the hpc in 1989. Those of us who were there, of course, know different.

superb gif. The Beenie Babies are just two of the reasons why Sarah is nowadays pretty much the only watchable house expert... tho think she should shed the blond streak - bit cheaply done. Anyway, re the newbuilds - obviously the problem is much worse this time, but isn't it likely it'll just be a rerun of last time? I.e. the shoeboxes sit empty for a while, cash runs short, a few get flogged at desperation prices to keep the payments going on the massive finance used to build em in the first place, and the rest get rented out to 'undesirables' at half rents...? Either way, likely to have a depressing effect on rents, as the builders realise they aint selling in the next 18 months so might as well be rented out, adding massively to rental supply... ah, fear and greed. universals.

edit - oops, sorry, posted this in the wrong thread. Was just going to call that Swede-boffer TTRTR a complete t!t, but I see the rest of u beat me to it. As it is, I'll settle for calling BBB a little pile of whale sh!t. Whale sh!t lies on the bottom of the ocean. And thats pretty low.

I see the tosser 'bbb' is back. Wonder how he decides which of his juvenile personalities to use on a day by day basis ("Mmm. Lecter or BBB. Mmm...") ? Maybe his mummy logs him on. Stop replying to the lying little pile of crap and he will go away.

serves him right, I say! Wriggles Wildly

I live near ya Bubb, and can speak with some authority. the scum from 'Arsehole & Ringpiece' (Anscombe and Ringland) on Notting Hill Gate used to descend en masse to the Mall pub on Thurs nite and Fri nite, and clog up the bar, braying loudly like the bunch of ea twats they were, buying champagne etc. 2 months ago, they started only doing Thurs. OR Fri. For the last month, havent seen ANY of them. The A&R shop, btw, seems to be being 'renovated' (or please God, please,!) they may even have gone bust... Bring on that crash, if for no other reason than to eliminate some proportion of these braying braindead parasites in their cheap suits!

I'm one of the peeps who DID jump back in last time. I got a flat for 30% off the 1989 price in... 1990. If I had waited another 6 months, I could have got a flat far bigger than the one I bought. My efforts seemed to have NO effect on the market. Moral of the story - Wait. Wait, and then wait some more. It aint over till the fat lady sings, kiddies.

Mmmm. Sounds like no one knows for sure. I do seem to remember that in 'the olden days' (pre-2000) they would loan 3 x 1 + 1 x 'tother. right now that would suggest a 'fair' price for yer avg 'hice' would be :- 3 x 25 + 1 x 25 i.e. 4 x 25 plus a deposit. 4 x 25 = 100. If the depo was in the region of what? 10k? 20k? maybe that gives a clearer idea of where the mid term 'support' for the market might be... 120k? i.e. a 40k fall. that's a 25% decline, aint it? If its 2.5 x joint, thats 75K plus depo - i.e. MILES to fall... whatever. no fun being a bull (sh!tter).

Sorry, didnt make myself clear - everyone always quotes "3.5 x Avg salary" to highlight how out of whack prices are right now, but shouldnt it be 3.5 x 2 salaries? Or 3 x 2 sxals? Seeing as single buyers are pretty rare? Can someone confirm that the average actually is 3.5 x ONLY ONE AVERAGE salary? i.e 1.75 x TWO average sals?! :-) (just thought I'd throw some 'bbb' type CaPS in thEre)

Seeing as that troll-t*sser BBB seems to have vanished up his own blowhole (mummy called him in for tea? Been sacked from his junior Estate Agent job? Running around frantically trying to find cash to stop his little Lego empire being repossessed??? who cares..) I thought I'd take up the Bullsh!tter challenge on his ugly little behalf:- The stat "3.5 x Income" seems to keep on cropping up. I'm guessing this is 3.5 time a single 'average' salary. Average salary nationwide is supposed to be 25k-ish - so that's 75k plus another 5? 10? as a deposit? I.e. somewhere between 80 and 90k is a 'realistic' average price? So... how come in London, virtually everyone buys with a partner. And when they buy, they are both working. So... shouldn't it be 3.5 x TWO average salaries??? I.e. 3.5 x 50k = 150,000 plus... say 30 k deposit? I.e. average house price now is right on the money?? Or am I missing something...??? (sorry for all the question marks)

Here's one more I *ALMOST* bought a 1 bed in glamorous 'Shepherd's Bush' in 1989. I almost paid £75k for it. After 1990, it dropped to about £50k (I remember cos I'd spent 400 smackers on a survey and was pissed off when it came back as unmortgageable, so i kept an eye on it for a while to gloat!). It didn't rise to 75 again till about 97? 98? It's now on yet again, at 249k. Abso - f*cking - lutely - insane. Anyone got any more hard facts?

Cheers zzz's, but it never gets a response, let alone action. I would imagine we have to assume 'BBB' is indeed an 'agent provocateur' whose role is solely to increase pageviews on this board. Any other board would have bumped the @sswipe a long time ago. It could of course, actually BE his board! I'll PM this to you as well, because although the mods seem happy to let 'Boring Bullshitting Baboon' clog up the entire site, any HINT of dissention from anyone else and the post gets binned....

probably no more than 50% of 'landlords' declare their income anyway. I know for a fact mine doesnt. (and neither did the one before that, either). That crowd wont give a monkeys about 'licensing'. What it WILL do, is give tenants an excuse to negotiate DOWNWARDS on rent - "We'll pay cash - £50 a week less. Stuff the licensing". Probably. IF it gets thru. AND IF it gets implemented.

Just received this 'charming' personal message from that paragon of stupidity and lies, Mr BBB (Bullshitting Bald Bustard?) "has the cat got your tongue as well as your balls? " Why is he suddenly interested in my cat? And my balls? Can anyone explain? And why is he calling me 'darling'??? Is BBB finally coming out of the closet (or 'studio' as he calls it! :-) BTW, why in God's name does the silly twit keep filling his posts with stupid 'smiley's like some moonstruck 12 year old? And WHY does he PEPPER his cRAp with CapITALS aLL THE timE???! Does that sort of thing stop when one hits puberty? Jeez.

u r wasting your time. You are replying to a 'millionaire property investor :-)' who doesnt understand that in the following scenario:- * last month 1,000,000 people bought homes, of which 2 were FTBs * this month 1 person bought a home (and he was a FTB) is NOT a 'zillion percent' rise in FTB's what a d!ck...

Rod etc, why are u even bothering to reply to this steaming lump of human excrement? if you didn't bother rising to his bait, what do you think he would do? Reply to his own posts? Oh, sorry, just realised, that's exactly what the lil tosswipe e.a. does.

Mr "Bloody B*stard Buytoilet" is quite correct - prices of Lego have indeed risen in his backyard over the last 3 minutes - in fact Lego is becoming rare in the BBB playpen. His nanny just confiscated his toys because he isn't behaving. Whata Wild W*nker

Nottinghill Gate, London. 1989, £65,000 1990, £45,000 I know cos I bought it. Like a twit, if I'd only waited another 6 months, I could have had a newly renovated 2 bed for about £70k in the same street. Doh. Lesson, Keep yer powder dry. It's going down *big* time. Seen it all before, looking forward to it (this time I have CASH!!! No Mortgage!!!!) :-)

He's right - Bank Engineers House Price Crash Deliberately

Found this snippet, thought I'd share... "...In related news, estate agents in Fallujah were predicting "leveling off in house price growth" over the next few days. Said Mustafa Duplex, of Dungroof And Co, "Fallujah is very very popular right now, especially with foreign buyers and military types. Prices will double next year" (Ed note:- from a base of zero) - full article <here>..."

Blairs Buy Big New House I'm guessing that if you own a giant property right now, all you can do is laugh, cos crying aint gonna do you any good!

Whatever u say, Monkey ;-) Write us some more, oh great simian bubble-god!