Jump to content
House Price Crash Forum

Austin Allegro

Members
  • Posts

    6,248
  • Joined

  • Last visited

Everything posted by Austin Allegro

  1. The main problem is that today's 18-30 year olds were brought up on diet of pap like Friends, which peddles the lie that flatsharing is one big happy lilac 'n' lime coloured funfest, and not on the Young Ones, which is far closer to the truth!
  2. Even if the City went t*ts up tomorrow and the Bonus Boys went back to their barrows on the Old Kent Road, don't forget that London is now the rich man's playground of the world, thanks to our liberal tax laws - so as long as it's cost-effective for the international nouveau-riche gliterati to come here, they will, and while they tend to prefer areas like Mayfair and Belgravia, this does have a knock on effect everywhere else.
  3. Interesting - could this be what is keeping HPI going in London? If desperate middle class FTBs are creating 'up and coming' areas in every available London slum slapping on the magnolia paint, sanding the floorboards and putting in vases with curly twigs, would this account for rocketing prices? The gentrification process can only go so far, because areas with large numbers of sitting council tenants (who can't be priced out or moved on) would be perceived as 'lowering the tone' especially with regards to local schools etc. I think we have some way to go as even if the theory is true, there are still swathes of London that remain ungentrified, though with people saying things like 'Harlesden is the new Notting Hill' could be approaching the endgame?
  4. If I remember correctly, Rigsby owned his house outright as he inherited it from his father, and he lived in the property too so had no other property costs, he had three long-term tenants and a regular stream of short-term rents, he never maintained the property properly either, so he was probably raking it in!
  5. I agree, but I think things will last a bit longer due to desperation schemes like 'buy with 12 friends' and of course the good old bank of mum and dad...
  6. Yeah. These articles are always about someone called Sophie or Emma, 25, moderately attractive in a sub-Kate Middleton way, and wearing a pink scarf. They always work in low salary/high sense of entitlement jobs for about £25k a year, and they always want to 'get on the ladder' in sub-Sloane areas like Putney, Barnes, Clapham, Battersea etc....they always end up doing something like shared ownership and think they've really cleverly 'beaten the system' without realising they have enslaved themselves. I suppose it doesn't matter when they're planning to marry a bonus boy soon... I suspect the articles are probably written by women called Sophie or Emma with pink scarves too.... The other week in the Times there was a woman of 22 who 'bought' a flat in Barnes for £350k. WTF???????
  7. But...but...this means that the country wasn't told to eat 'five a day' or scared into stopping smoking for a whole day!!!
  8. This seems to be a pattern - overpriced house doesn't sell, so it goes off the market. A few months later it comes back on the market for MORE and still doesn't sell. It's almost as if the sellers are convinced it is 'worth' the overpricing, and not only that, that in the period off the market it has somehow 'gone up in value' simply because 'property always goes up'. The fact that nobody buys the dump doesn't seem to occur to them....madness.
  9. That would be some impressive technology. Would it work on Angel Delight?
  10. If we asked some gypsies nicely, would they camp outside every house in London long enough for the prices to drop by 30% so that I can buy somewhere? I'd be willing to buy a few washing pegs from them and have my palm read too!
  11. We don't know 100% what is going to happen with house prices, but I think you'll find the past 2000 years of history show they increase, LOL! My ancestors bought their mud hut for two denari and a lump of salt in 7 AD, and now it's worth £250,000!
  12. Still, at least we won't be able to smoke in the casinos, so we can ruin ourselves financially but at least we'll have our health.
  13. Hilarious! You are Victor Lewis Smith, and I claim the Evening Argus 10/- prize....! Here's my efforts: Wish you were queer? Documentary on the growing lifestyle trend of single men having to share studio flats with male friends in order to get on the property ladder. MEWs at Ten The latest debt figures. Whose toothbrush is it anyway? Hilarious sitcom about 15 young professionals who share a studio flat in trendy Harlesden. This week: Sophie is forced to become a lapdancer to pay her share of the £2 million mortgage - with hilarious results!
  14. I believe that the average IO mortgage holder does not have the first clue about how it works, and that we will see a spate of law suits when their terms end. One bank has already been writing warning letters to IO customers about this. I have a good friend who used to work as a mortgage advisor, who quit because of the appalling ignorance from the public he had to face every day. He said people just couldn't understand basic mathematical concepts like percentages, but were able to borrow hundreds of thousands of pounds from the banks. Ironically, even he has an IO mortgage, and is staking his repayment on inheriting his parent's estate.
  15. I simply couldn't give a toss what some ponced up footballers are doing with their ludicrous salaries...if people want to pay the wages of these clowns by forking out £30 or whatever it is to watch a bunch of them mincing around a ball, gobbing on the ground, arguing with the ref and bellowing at each other, more fool them. At least it doesn't come out of my taxes...the only football I watch is the local pub side who are as duff as the Premiership but at least there's no charge for laughing at them...
  16. Agreed. The Conservatives are basically 'Blue Labour' - desperately trying to appeal to the centrist, statist middle ground of politics. I've been to a couple of Tory party events (I'm non-aligned, but have a friend in the Party) and there was a fair bit of guff about diversity, inclusion etc. So unless it's all some kind of Trojan horse, I don't think a Conservative government would differ greatly from our present administration.
  17. I believe the new version of the Orwell quote should go like this: (with apologies to the late Mr Orwell) Progress in our world will be progress towards more HPI. The old civilizations claimed that they were founded on love or justice. Ours is founded upon HPI. In our world there will be no emotions except exchanging contracts and switching mortgage providers. Everything else we shall destroy - everything. Already we are breaking down the habits of thought which have survived from before the property boom. We have cut the links between child and parent, and between man and man, and between man and woman. No one can afford to have children, wives or friends. There will be no loyalty, except loyalty towards the Property. There will be no love, except the love of Property Porn. There will be no laughter, except the laugh of triumph over a gazumped enemy. There will be no going out , no spare cash, no holidays. When we are omnipotent we shall have no more need of holidays. There will be no distinction between beauty and ugliness. There will be no curiosity, no enjoyment of the process of life. All competing pleasures will be destroyed. But always -- do not forget this, Winston -- always there will be the intoxication of VI spin, constantly increasing and constantly growing subtler. Always, at every moment, there will be the thrill of victory, the sensation of trampling on an enemy who is helpless. If you want a picture of the future, imagine a boot stamping on a first time buyer’s face -- for ever.
  18. With Gordon Brown dressed up like the U-Boat captain in 'Dad's Army'. 'I am makink a list ov all names of people saying ze housemarket is crashing. Ven I become Prime Minister, I vill deal viz zem' 'You're not going to become Prime Minister' 'Oh yes I am!'
  19. LOL me too! In the end they settled for 'anywhere on the London tube network'. I used to apply every week for a job at Superdrug, and every time they refused to put me forward, saying I was 'owwaqualified'. But the job was there every week, so obviously they weren't getting 'qualified' people either!
  20. Good point. The ruling elite only act when they themselves are directly threatened. A classic example is the legislation for the building of the London sewer network in the 1850s. Parliament, being right by the sewage filled river, was directly affected.
  21. LOL hilarious! You could add: PS Now's a good time to discuss your parents' will, if you have not done so already. If they are homeowners and don't need to sell their property for care home fees, you could be home and dry. If they're not, you're probably shafted!
  22. Now that nobody uses phone boxes except as makeshift urinals or prostitute's galleries, could they be converted into 'studio' flats? You'd get a period property in a prime London location...! Half a million would be a reasonable amount I should think. Or what about a bus shelter?
  23. Who cares! In another six months, you'll be able to sell it on for five million! After all, property prices in London are never going to fall, due to the olympics...
  24. has not seen a decorator’s brush since the late 1980s Hmm. I wonder what happened in the late 1980s? The whole thing has become a farce. Sit back and enjoy the comedy.
  25. I stopped watching 'Enders round about the time those two dollybirds who ran a market stall were able to rent a huge flat with 'Friends' style decor. How on earth did they afford that on their wages, unless they were offering 'extras' round the back of the arches?
×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.