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PropertyMania

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  1. PC will ensure they disproportionately search more white people. yes, was other way around before, but two wrongs don't make a right
  2. yes, very different market. The only way you lose on the rate fix is if we get 30 years of very low inflation /deflation (highly unlikely imo). You're paying though with the sky high prices as everyone else has the same idea I wonder if this dash to lock in 30 year interest rate fixes means 1)price rises last longer, go higher, but 2)when rates do rise the drop in prices is more severe. In the UK five year fixes seem to now be the norm - will be interesting to compare to peaks of the past when variable rates were the norm
  3. $940k lol. Really don't get why people are congratulating him. I wish you no personal ill, but people who pay these nutty prices *are* the problem .
  4. yep, I spoke too soon. This is probably the dumbest article ever written.. The housing market is at its peak – but here's why you should buy now https://www.telegraph.co.uk/property/uk/housing-market-peak-should-buy-now/?WT.mc_id=e_DM1561900&WT.tsrc=email&etype=Loy_Dig_Acq_Tue_4Dto7D&utmsource=email&utm_medium=Loy_Dig_Acq_Tue_4Dto7D20220510&utm_campaign=DM1561900
  5. Melissa Lawford is one of us. The single bear on a ranch of bulls. And from the Telegraph of all papers. https://www.telegraph.co.uk/authors/m/ma-me/melissa-lawford/
  6. Well the market sets the price, not landlords. Shows the yield on BTL has been shrinking for decades. Add in dramatically rising interest rates and they're in trouble
  7. yep, will correlate at times, but from memory I think UK rents have risen an average of about 2% a year this millennium. (Contrast with house prices)
  8. Lol. Yep, like people naturally assume rents automatically rise with house prices, but this is no evidence of this, they are two separate things.
  9. Well digital nomads is an increasing trend and for them literally the dumbest investment they could make is buying property locked to a single place. Yes, they could rent it out, but doesn't make sense to do it remotely as have to pay all sorts of management fees, not to mention a tax system that deliberately favours owner-occupiers
  10. you've got the perfect storm coming of -negative real wages -hugely rising interest rates (i don't care that they are 'still at historic lows'; current prices are based on current rates ) -lockdown deposit savings exhausted
  11. def true in real terms. London up 2.2% on year to jan 2022 = minus 4% approx in real terms and i'm using real land registry data, not Rightmove fantasy ******** https://www.gov.uk/government/statistics/uk-house-price-index-for-january-2022/uk-house-price-index-summary-january-2022
  12. Will the Economic Crime Bill apply to existing property ownership or just new? https://www.bbc.co.uk/news/uk-60579997
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