drrayjo

Hi Redwing! Indeed it feels like an age. Or a very long tour of Bedlam. Hope all's well. The Blinco joint is certainly a good effort both at quart/pint potting and kite flying but until Great Kneighton etc. get completed I suppose we won't know where the level is, if one is ever allowed to materialise by TPTB.

Oh and really, it's not the 2000 comparison that matters, it's that this property would have been very unlikely to have sold for £1M+ in any of the last few years (2007 was not the peak around here, and from local sales, top price might have been in the £800-900k range in 2012), so, if it reaches asking, it's more the 30%-in-a-couple-of-years thing that's of interest. If the fundamentals support that, why not £2.25 Million Pounds for a Victoriana semi in a poor school catchment of a prosperous provincial town in south east England by the time the next World Cup rolls around? Why not indeed.

What's changed is that Cambridge is now indisputably London-on-Cam price-wise, and what's true of London's fundamentals is more directly true of Cambridge's than ever before; be that 'new paradigm', 'it's different this time' or 'tulip-mania' I no longer presume to judge.

FWIW the narrow 2 storey rear 'half' of the building may well have been added, along with a ritzy kitchen (oh and a local big pharma HQ) but this is equivalent to 13% annual HPI for nearly a decade and a half!

There goes the neighbourhood: http://www.rightmove.co.uk/property-for-sale/property-43869340.html

Great post; can I quote? (I mean beyond this place)

Is this the “Movimento 5 Stelle” (5 Stars Movement)? Led by renegade former TV comedian, Beppe Grillo, who roughly equates to a Bennie HIll/Dave Allen hybrid taking on the UK political establishment with a broad based, transparent People's Party? (I love the real world; it's mental). If so this is what an Italian contact of Mike 'Mish' Shedlock says of what Mish considers the 'ultimate Occupy movement': http://globaleconomicanalysis.blogspot.co.uk/2012/06/six-reasons-why-italy-may-exit-euro.html

Right. Thanks for that.

http://www.cambridgeshire.gov.uk/housing/newcommunities 25,000 new homes in next five years with ground already broken and hundreds near completion - 10,000 more should Marshalls move on. On current projections that's 5000 a year more homes (and a new school every other year) with roughly 60% family homes on the 3 main areas listed as New Communities above. That's enough for circa 10% of the current population as annual growth. I know there is job growth but even if this keeps pace, surely all this new supply will at least arrest HPI? Think how low the current annual family home turnover is.... Quality looks ok too; "Accordia-esque", at least in theory, at the giant Gt Kneighton site and the initial '7 Acre' subdivision: http://homes.skanska.co.uk/Projects/Seven-Acres/ Well, I've decided to be optimistic anyway; though we have also put in a reasonable offer on an 'underpriced' family home just to keep with the schizophrenic times!

I'd just read this thread and decided to read my kindle. I fancied a change of book so checked Amazon's Daily Deal and found that HPC was following me around; at a deliciously deflationary price!: http://www.amazon.co.uk/Jilted-Generation-Britain-Bankrupted-ebook/dp/B0040GJ4J8/ref=kdd_page_button?pf_rd_m=A3P5ROKL5A1OLE&pf_rd_s=center-2&pf_rd_r=0N8WJEFSEAFJ8SG592V2&pf_rd_t=1401&pf_rd_p=288086567&pf_rd_i=1000577623

I only look to see by how much prices have RISEN since last week. Family homes up more than 20%+ since 2007 in good areas on a huge supply squeeze. That's regional lotto. Patience Rip van Winkle.

http://www.telegraph.co.uk/finance/debt-crisis-live/9021839/Debt-crisis-live.html

Also from Telegraph:

Maintaining the economy (and "to be dearly desired" house price rises) is all about working into your dotage until your body parts decompose; if you have the audacity not to have saved hundreds of pound a month of your (oh so) predictable and secure wage throughout your 20s in order to buy a home which will be your pension. Though this is simultaneously made impossible because of high rental costs and restrictions (because of high prices) and the cost of raising children, the TV personality still prescribes early parenthood as a social necessity. All hail our wise advisors who tiptoe around the obvious alternatives and their own confused thinking like badly programmed robots of little brain RAM.

...also "Super Mario's" bluff; It's the Bond Bowser (for nintendo fans).