Bloo Loo Posted July 27, 2012 Share Posted July 27, 2012 and theres more http://www.lettingag...ets-lying-empty greedy bastards I blame the housing shortage. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 27, 2012 Share Posted July 27, 2012 I got to page 30 of 60 properties per page and I started seeing some nice one bedroom flats for sub-£2,000. I hope they're not all gone before business opens tomorrow. I think this has been a big part of the London property bubble continuing - people buying flats/houses thinking they could charge silly rentals for several weeks and then sell the property on. I suspect loads of such people were expecting to have a sale already lined up by now as well. Post Olympic London property market will be interesting. Quote Link to comment Share on other sites More sharing options...
@contradevian Posted July 27, 2012 Share Posted July 27, 2012 I blame the housing shortage. Its dem boomers and Fatcha innit bro Quote Link to comment Share on other sites More sharing options...
inflating Posted July 27, 2012 Share Posted July 27, 2012 (edited) Quality. Some of my colleagues spent the last several years babbling about their Olympic rental plans and how they were going to go on an awesome cruise for a few weeks while renting their wonderful near-beach houses out for the Olympics and still be up thousands and thousands of quid in profit and it was going to be super awesome and they were dead clever and sorted. Of course there's a punchline: the properties were mostly in Mudeford, a mere thirty-odd miles from the Olympic nonsense in Weymouth. Edit: added "in profit". They must have been really quite naive. A tiny bit of research reveals that generally hotels don't even get booked up for the olympics at previous venues and prices get slashed, tourism goes down during the period etc etc. People really buy into the hyperbole put out there by TPTB. The thing I have never understood is why TPTB want the Olympics at all, it's just an expensive burden isn't it? Perhaps they pretend they want it but the truth is they are allocated it and have to lump it whilst pretending it's been "won". I can't think of any reason why you'd want £9bn of expense, burdening council tax payers, clogging roads and then left with a stadium that nobody needs Edited July 27, 2012 by inflating Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted July 27, 2012 Share Posted July 27, 2012 It does appear the games are going to be a complete financial disaster on truly epic proportions. Quote Link to comment Share on other sites More sharing options...
The Masked Tulip Posted July 27, 2012 Share Posted July 27, 2012 It does appear the games are going to be a complete financial disaster on truly epic proportions. Watch and listen to all the BBC presenters gushing over it for the next few weeks being paid to cover it... and then await them, perhaps, turning on it as a waste of money in the weeks, months and years afterwards. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted July 27, 2012 Share Posted July 27, 2012 They must have been really quite naive. A tiny bit of research reveals that generally hotels don't even get booked up for the olympics at previous venues and prices get slashed, tourism goes down during the period etc etc. People really buy into the hyperbole put out there by TPTB. The thing I have never understood is why TPTB want the Olympics at all, it's just an expensive burden isn't it? Perhaps they pretend they want it but the truth is they are allocated it and have to lump it whilst pretending it's been "won". I can't think of any reason why you'd want £9bn of expense, burdening council tax payers, clogging roads and then left with a stadium that nobody needs The hubris and vanity of Tony Blair. Though I'm not saying others wouldn't have been as bad. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted July 27, 2012 Share Posted July 27, 2012 I think this has been a big part of the London property bubble continuing - people buying flats/houses thinking they could charge silly rentals for several weeks and then sell the property on. I suspect loads of such people were expecting to have a sale already lined up by now as well. Post Olympic London property market will be interesting. Too right. Quote Link to comment Share on other sites More sharing options...
57percent Posted July 27, 2012 Share Posted July 27, 2012 Surprised this thread has been moved. Very HPC relevant. Post Olympic London could be quite entertaining. It strikes me that there's never been a shortage of properties in London (otherwise rents would be much higher). Quote Link to comment Share on other sites More sharing options...
I want a house! Posted July 27, 2012 Share Posted July 27, 2012 I think this has been a big part of the London property bubble continuing - people buying flats/houses thinking they could charge silly rentals for several weeks and then sell the property on. I suspect loads of such people were expecting to have a sale already lined up by now as well. Post Olympic London property market will be interesting. Why would one spend over £500,000 to make a measly £10,000, so to speak? Won't that just cover stamp duty. No, I haven't bothered calculating. What I am saying is anyone who bought to profit over the Olympics needs their head examined. Quote Link to comment Share on other sites More sharing options...
Redcellar Posted July 27, 2012 Author Share Posted July 27, 2012 Surprised this thread has been moved. Very HPC relevant. Post Olympic London could be quite entertaining. It strikes me that there's never been a shortage of properties in London (otherwise rents would be much higher). Surprised it was moved too. I'll keep looking for the iPlayer sessions so you can all have a laugh. But hidden here I doubt anyone will see it Quote Link to comment Share on other sites More sharing options...
tinker Posted July 29, 2012 Share Posted July 29, 2012 A bit odd to move this, since its housing related with its meme of greed, property delusion and illusion of it being a one-way bet. That people have not fallen for it is a good sign. Quote Link to comment Share on other sites More sharing options...
Tankus Posted July 29, 2012 Share Posted July 29, 2012 I think this has been a big part of the London property bubble continuing - people buying flats/houses thinking they could charge silly rentals for several weeks and then sell the property on. I suspect loads of such people were expecting to have a sale already lined up by now as well. Post Olympic London property market will be interesting. too interesting for me .....too Quote Link to comment Share on other sites More sharing options...
jonb Posted July 29, 2012 Share Posted July 29, 2012 Well, if you don't ask you don't get. You can get a 4* hotel room in central London for about £120 per night on a last minute deal, or a "budget level" eg Travelodge or similar for £30-£50 per night. I was in London yesterday, and away from the Olympics areas is was completely empty. So empty that there were only about 3-4 people per tube carriage. The capacity of the Olympics venues is a rounding error compared to the number of people who usually visit London for business meetings or to shop at Harrods etc. Most of those people are avoiding London at the moment, so there is nobody there. Quote Link to comment Share on other sites More sharing options...
Asheron Posted July 29, 2012 Share Posted July 29, 2012 It's weird hotels in london appear to be cheaper now than ever before. Lots of good hotels for £70 a night in London. Quote Link to comment Share on other sites More sharing options...
plnouparouvpred Posted August 1, 2012 Share Posted August 1, 2012 Visitors To The Olympics 2012 Will Bring In Millions Quote Link to comment Share on other sites More sharing options...
Police Posted August 1, 2012 Share Posted August 1, 2012 Didn't Bruno Powroznik predict a crash after the games? I seem to remember he was spot on in a predication for the month of the financial crash - a year or two before. Still he did make lots of predictions. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted August 1, 2012 Share Posted August 1, 2012 I've been wanting to "do" some central London attractions for a few years. Seems now might be a great time to get a quality hotel room at a low price and check out some stuff in the capital ! Quote Link to comment Share on other sites More sharing options...
200p Posted August 1, 2012 Share Posted August 1, 2012 You'll actually to win GOLD to pay for those rentals... Quote Link to comment Share on other sites More sharing options...
Redcellar Posted August 1, 2012 Author Share Posted August 1, 2012 http://seattletimes.nwsource.com/html/travel/2018815916_webtroubleshooter31.html It's gone international. The rip off that is the UK rental market, and I quote "But when he and his wife arrived in late May, they found the opposite of what they'd expected. The apartment was in a depressed, crime-ridden part of London, he says. And it was a mess. "It was a far cry from what was represented in the flat description and pictures," he added. After one night, they checked out and requested a full refund from Find a Flat, the company through which they'd rented the place." And sadly the Beeb isnt ever going to iplayer the original comical interview with the greedy wench. Quote Link to comment Share on other sites More sharing options...
homeless Posted August 1, 2012 Share Posted August 1, 2012 whats this olympics thing everyone keeps talking about, when does it start?. im on a weeks holiday in lincolnshire, its as busy as heck being the height of the holiday season and ive never heard one person mention this olympics thing. Quote Link to comment Share on other sites More sharing options...
Redcellar Posted August 1, 2012 Author Share Posted August 1, 2012 whats this olympics thing everyone keeps talking about, when does it start?. im on a weeks holiday in lincolnshire, its as busy as heck being the height of the holiday season and ive never heard one person mention this olympics thing. I think it's a gay pride festival. I heard mention of rings, an opening ceremony and some men in a boat thanking their cox. Quote Link to comment Share on other sites More sharing options...
porca misèria Posted August 1, 2012 Share Posted August 1, 2012 It's weird hotels in london appear to be cheaper now than ever before. Lots of good hotels for £70 a night in London. That's cheaper than the bloomin' southwest! I've paid more than that in Exeter and Truro. For hotels that score well in the online reviews (such as tripadvisor) but prove far from good in practice. Even the Exeter Travelodge (to which I haven't sunk) charges more than that. Quote Link to comment Share on other sites More sharing options...
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