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Showing results for tags 'SW8'.
Boomer - "House prices have tripled because of all the demand, especially those Syrians that turn up and buy houses, its chaos. Get in quick and buy somewhere before you miss out" We - "hmmm, the housing stock to population ratio has stayed constant in that time, maybe something else is to blame?" Boomer - "that's just what happens with houses, they always go up!" Us - "maybe the introduction of BTL mortgages in 1996 kicked off a boom?" Boomer - "naah, its just houses .... can't go wrong with bricks n mortar" Us - "London was long a poster child for the House price boom, but that was fuelled by russia and china.... they've all done a runner!" Boomer - "i doubt it - 80% of the london new builds are sold!" Us - "actually 80% of the flats had been reserved by chinese and russians - they've done a runner and sacrificed their small deposit" Boomer - "i don't like your tone young man. You're just bitter because you spent all your deposit money on ipods and drugs" Us - "a lot of new builds are worth less than when they were bought. Aberdeen crashing, SW8 oversupplied, BTL landlords being leant on by the tax man (and becoming a social pariah .... the tide is turning" Boomer - "get off my property" Us - "actually the bank owns most of it remember - you took out equity to build a BTL empire!"