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Damik

Is Prime London Crashing? - Merged Threads

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I was thinking major depression. Take a chill pill. Take a deep breath. Go do some exercise. Get a life.

Stop with these doctor/depression attacks....

I think the gov has to shoulder most of the blame though. People/Companies will always take the easiest route to making money. The government shouldnt have let the supply side get so out of sync. Then BTL wouldnt be worth it as prices remained steady.

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Shrug it off Count. :)

It's still BMW/VW/RangeRover land out there, booming shops, but you know it's difficult market full of opposing views when you're being told you are mad, and to go and have a discrete word to a doctor about your paranoia, by those in late 2014 were convinced of a massive HPI ripple to come from London to all over the UK; and that these prices were as good as it was going to get, for buying.

Hold to same position now as I did then; the banks are stronger, and what is needed is to let the HPI ripple heads take the HPC. We've already had the fiscal response and the ripple/foreverHPI heads have danced into it.

27 January 2014

UK housing stock value climbs to £5,205,000,000,000 but the gap between the haves and the have nots grows
Total value of UK’s housing stock now £5.2tn, from £3.6tn in 2003
Total value rose £186bn in 2013, of which >£100bn in London
10 wealthiest London boroughs worth 9% more than Scotland, Wales and Northern Ireland combined
Westminster and Kensington & Chelsea are together worth >£200 billion, 15% more than Wales
Since 2008:
Private rented sector has risen £275bn to almost £1 trillion
Wealth of 8.4 billion unmortgaged owner occupiers has risen £86 billion to £1.8 trillion
But mortgaged owner occupied sector down -£172bn, an average fall of £11,000 per mortgaged household
Most indebted owner occupiers are in South are Slough (75% debt) and Newham (76%), but Blackpool (79% debt) and Burnley (80%) top the list of most indebted locations
The total value of the UK’s housing stock has risen from £3.6 trillion to £5.2 trillion over the past ten years, but the balance of housing wealth continues to tilt from North to South and become ever more concentrated in the hands of mortgage free homeowners, according to new data from international real estate adviser, Savills.

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Shrug it off Count. :)

No idea where that nonsense came from. I'm pointing out the absurdities of focusing more and more on London when the rest of the country is turning into not much more than ghettos for commuters and benefit claimants.

The world does not revolve around London. For and country to put all its eggs in one basket is dangerous for a multitude of reasons.

The personal attack was unwarranted, makes we wonder about his agenda, nothing more.

I feel sorry for some people that come on here and can't see past the end of their retina.

Got bigger things to worry about than some idiot on a forum, like, which toilet should I use for a dump before I go to bed.

Edited by TheCountOfNowhere

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No idea where that nonsense came from. I'm pointing out the absurdities of focusing more and more on London when the rest of the country is turning into not much more than ghettos for commuters and benefit claimants.

The world does not revolve around London. For and country to put all its eggs in one basket is dangerous for a multitude of reasons.

The personal attack was unwarranted, makes we wonder about his agenda, nothing more.

I feel sorry for some people that come on here and can't see past the end of their retina.

Got bigger things to worry about than some idiot on a forum, like, which toilet should I use for a dump before I go to bed.

er hang on, you attacked me pretty harshly because I said what is wrong with building skyscrapers, if there is the demand for it? Then I get labelled London centric retard.

Not everything is doom and gloom. In a city of 14m people, one would expect skyscrapers to be built. The reason there is so many, is because recently the has government realised the urban sprawl can't go on forever. It makes efficient sense to build up. Hence most world cities having skyscrapers.

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Can't wait for the pop my moment.

Prices are absolutely mental all over west London and surroundings. A decent 2 bed flat in Ealing is over £400K (more like £500k) and houses over £600K. How many people earn that kind of money?

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Can't wait for the pop my moment.

Prices are absolutely mental all over west London and surroundings. A decent 2 bed flat in Ealing is over £400K (more like £500k) and houses over £600K. How many people earn that kind of money?

Very few indeed. Hence the 'need' for 40% Help to Buy... good luck selling those outside the HTB scheme when it's time to move on.

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Can't wait for the pop my moment.

Prices are absolutely mental all over west London and surroundings. A decent 2 bed flat in Ealing is over £400K (more like £500k) and houses over £600K. How many people earn that kind of money?

I work in West near Ealing and Live East and I've got to say i don't understand how crazy your rental market is! Even flippin Hounslow maan.

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Very few indeed. Hence the 'need' for 40% Help to Buy... good luck selling those outside the HTB scheme when it's time to move on.

The good thing at least with HTB is IIRC, that all those juicy period non-new build houses on the market and ex-council flats on for near to a million do not qualify for HTB lending. When they come on the market once the BTL jitterbug shuffle starts it's gonna be carnage.

In more London news, Boris's Genie deposit scheme where people could live and buy a house without a deposit and pay equity into the property over 30 years, has now gone tits-up Boris style and closed.

Add that to his 1billion waste of TFL signalling and you have someone who is like a docile Donald Trump waiting to lead this great country.

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Can't wait for the pop my moment.

Prices are absolutely mental all over west London and surroundings. A decent 2 bed flat in Ealing is over £400K (more like £500k) and houses over £600K. How many people earn that kind of money?

I see what you mean, but there are a few things which are supporting the madness.

Many people bought these places at a 10th of the debt, many owners don't have a mortgage , people are bequeathed property , rents are horrendous, banks paying poor interest rates, people living longer, housing shortage , people are hanging on to properties....

I agree a person from scratch looking to get a 20% deposit £80k then a 320k debt it looks madness, but if the interest rate is 1.5% it's costing less than £5000 a year to fund it, rent would be £16000 a year , people on the train are OK to a degree people trying to get on are in a terrble situation ....

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Guest BillyNI

i love that this thread was started 2 years ago and it is still going :)

Don't get me wrong, I genuinely believe that this is the year London crashes, but Jesus we don't half look stupid with a two year old thread on the question :)

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i love that this thread was started 2 years ago and it is still going :)

Don't get me wrong, I genuinely believe that this is the year London crashes, but Jesus we don't half look stupid with a two year old thread on the question :)

You talk like my wife ... Agreed, it is SNAFU ...

Edited by Damik

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i love that this thread was started 2 years ago and it is still going :)

Don't get me wrong, I genuinely believe that this is the year London crashes, but Jesus we don't half look stupid with a two year old thread on the question :)

What has the growth been in the last 2 years ? That needs to be accounted for before the drop questioned 2 years ago...

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i love that this thread was started 2 years ago and it is still going :)

Don't get me wrong, I genuinely believe that this is the year London crashes, but Jesus we don't half look stupid with a two year old thread on the question :)

It's all about the foreplay...

and then Bang!

Maybe a HPC is like watching Barca wear the otherside down over a long time and then a few quick passes and GOAL!

-

Re: Thread looking dumb. - I wouldn't mind, anyone following it can see it's been pretty ok as it's followed the trajectory, It's not like you wake up one day and find it's HPC, these things happen in stages.

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Shoreditch apartments called the stage are offering to pay 2% on deposits for 3years, 3% guaranteed income for 3years with no servicing fees for three years. Lots of places paying your stamp duty at the mo

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Shoreditch apartments called the stage are offering to pay 2% on deposits for 3years, 3% guaranteed income for 3years with no servicing fees for three years. Lots of places paying your stamp duty at the mo

Good news. Sounds as if they are getting desperate.

What I would like to know is, what is the unit cost or mark up of a standard 1 or 2 bed flat? Is there absolutely no way a flat could be built in zone 1 or 2 for a sensible price, day 250k to 350k?

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Shoreditch apartments called the stage are offering to pay 2% on deposits for 3years, 3% guaranteed income for 3years with no servicing fees for three years. Lots of places paying your stamp duty at the mo

That was happening in 2007.

It's the bottom of the barrel.

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Shoreditch apartments called the stage are offering to pay 2% on deposits for 3years, 3% guaranteed income for 3years with no servicing fees for three years. Lots of places paying your stamp duty at the mo

Cashflow problems.

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Shoreditch apartments called the stage are offering to pay 2% on deposits for 3years, 3% guaranteed income for 3years with no servicing fees for three years. Lots of places paying your stamp duty at the mo

Someone I know had heard this advertised.....on Talksport radio! He had not heard adverts like this before on the station - pretty clear sign of desperation imho. Talksport demographic are also quite unlikely to be able to fund a 900k flat in shoreditch as an investor....

Wot-no overseas mugs left?

Game on

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Darwin, exactly encourages you to put 20% upfront immediately (20k is the max you get 2% on)

I encourage everyone not to.

London has become to 2016 what Bulgaria was to 2007

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Cashflow problems.

What do you reckon this means?

Total interest earned will be paid by way of an allowance on completion

Not cash interest but spec upgrades etc?

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  • 220 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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