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The Masked Tulip

Fivelive Doing A Live Phone In About House Prices Now

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Half of FTB's under 35 have given up all hope of ever buying. London prices went up 10% in one month. 'Unprecedented'. Foreign buyers will increasingly see London property as great BTL investment. Prices seen as nowhere near the peak in London.

Edited by juvenal

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Half of FTB's under 35 have given up all hope of ever buying. London prices went up 10% in one month. 'Unprecedented'. Foreign buyers will increasingly see London property as great BTL investment.

Foreign money is more important than the lives of London workers......best to move to a place where you can still buy a place, a place where people and the jobs they do are far more important than money. ;)

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Woman looking to buy a 3 bed terrace in Islington told that she'll need to spend at least £1m. She says, "We'll have the mortgage for infinity".

Er, don't buy then love?

There is no life anywhere except Islington.

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Woman looking to buy a 3 bed terrace in Islington told that she'll need to spend at least £1m. She says, "We'll have the mortgage for infinity".

Er, don't buy then love?

Someone will come along with cash to buy it. ;)

Edited by winkie

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Ah bugger, they didn't bring me in - just sat on the phone listening to Jeremy Leaf.

"Keep the HPC nutter holding on Line 1" :rolleyes:

Edited by aSecureTenant

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Now there's an idea for a mortgage product - THE INFINITY MORTGAGE. :lol:

Interesting that people consider IO with no repayment vehicle as a bad idea now. What fraction of London borrowers were IO, half or so?

Loads on IO, and now a push for close to interest free repayment deals.

Capital+interest deals are off limits as it means admitting prices are off the scale.

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Half of FTB's under 35 have given up all hope of ever buying. London prices went up 10% in one month. 'Unprecedented'. Foreign buyers will increasingly see London property as great BTL investment. Prices seen as nowhere near the peak in London.

Er....... Isn't it obvious what's happened now?

These "foreign investors" have left the ordinary Londoner behind -- and they [the "foreign investors"] are now locked in a spectacular pyramid/Ponzi frenzy.......

FCS!!! Sit back -- and watch!!! & rub your hands together as they bid each other up into the clouds...........

AND PUFF!!!!!! --- The bubble will inevitably pop --- Because one day, sometime, there will be no one left to buy....... And the whole thing will collapse in a heap.....

THEN you can roll around laughing. :rolleyes:

Edited by eric pebble

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Er....... Isn't it obvious what's happened now?

These "foreign investors" have left the ordinary Londoner behind -- and they [the "foreign investors"] are now locked in a spectacular pyramid/Ponzi frenzy.......

FCS!!! Sit back -- and watch!!! & rub your hands together as they bid each other up into the clouds...........

AND PUFF!!!!!! --- The bubble will inevitably pop --- Because one day, sometime, there will be no one left to buy....... And the whole thing will collapse in a heap.....

THEN you can roll around laughing. :rolleyes:

Sadly Eric, I think two other things are happening:

1. People who were looking to buy in London/South East now looking to buy in the regions - where they think they will get jobs from when they rellocate to Swansea or Hull or Wakefield or wherever is beyond me.

2. Those cash rich foreigners are spreading out from London and driving up prices elsewhere - at this rate the British people, within a generation, will be a nation of forced renters paying some of the highest rental and fuel costs in the world.

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Er....... Isn't it obvious what's happened now?

These "foreign investors" have left the ordinary Londoner behind -- and they [the "foreign investors"] are now locked in a spectacular pyramid/Ponzi frenzy.......

FCS!!! Sit back -- and watch!!! & rub your hands together as they bid each other up into the clouds...........

AND PUFF!!!!!! --- The bubble will inevitably pop --- Because one day, sometime, there will be no one left to buy....... And the whole thing will collapse in a heap.....

THEN you can roll around laughing. :rolleyes:

Sorry, Eric. As one foreign country settles down from internal turmoil, and its rich people stop eyeing London property - another country will duly erupt. Sending the next tranche of wealthy 'investors' through Savile's welcoming doors.

Not to mention all the many other reasons rich foreigners want a base in London....

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