Jump to content
House Price Crash Forum
Sign in to follow this  
mouserat

£350,000 To £700,000 In 4 Months

Recommended Posts

There is liberal EA use of "fantastic" in the Rightmove listing, but in which sense?

From the dictionary:

fantastic

imaginative or fanciful; remote from reality.

synonyms: fanciful, extravagant, extraordinary, irrational, wild, mad, absurd, far-fetched, nonsensical, incredible, unbelievable, unthinkable, implausible, improbable, unlikely, doubtful, dubious;

Share this post


Link to post
Share on other sites

There is liberal EA use of "fantastic" in the Rightmove listing, but in which sense?

From the dictionary:

fantastic

imaginative or fanciful; remote from reality.

A fantastic asking price then?! ;)

Really, for £700k I would want the whole of that building - and the freehold.

Share this post


Link to post
Share on other sites

I hope someone buys it and then loss a lot of money.

I hope someone buys it and it then sells for £2m in 4 months. I guess wishing people "unwell" hasn't worked in 10 years, so I guess I'll try the other way.

Share this post


Link to post
Share on other sites

This is a good example for those who imply that "supply and demand" will justify any level of price. In general terms, there is lots of demand and not much supply for London property, but this is an irrelevance.

What matters is effective demand - the number of buyers able and willing to pay 700k for this place was zero. Including all those legions of Chinese investors who apparently log on to UK property sites every morning and buy anything without thinking about the price.

Share this post


Link to post
Share on other sites

effective demand

i remember this term from a level economics

people always go on about supply but the last crash was caused by the availability of credit rather than supply/demand of property

Share this post


Link to post
Share on other sites

effective demand

i remember this term from a level economics

people always go on about supply but the last crash was caused by the availability of credit rather than supply/demand of property

You can't expect people to remember that far back !

If you mean the mini-crash in 2008-into-some of 2009, before £Trillion+ in stimulus. And credit availability, cost of credit also in 1989+ mini crash.

Yes, I mean it was obvious to all that was the cause. Fewer buyers in a position to pay higher prices, and sellers sold for lower prices to buyers, which in turn brought down values of all housing.

However it's back to too few properties now, growing population = for-ever-ah HPI. We need to stand ready with all the excuses for buyers who've been paying silly high prices, to excuse them in the next crash. "They just wanted a home / believed what they saw on the telly and EA / couldn't expect them to rent." Lobby for reflation again just like many on this forum did in 2008, helping London prices and other areas to totally balloon again to protect the victims.

Share this post


Link to post
Share on other sites

Thank you so much for sharing. Bob at has made me laugh so much.

I cracked up too - almost woek my young one up. Some of those photos look like the agent taking them was assaulted mid shoot - random angles, weird items (I'll just take a shot of THESE THREE STEPS IN PARTICULAR).

Classic. Well worth a million pounds.

Share this post


Link to post
Share on other sites

It's back up to £640K after not selling at £610K!

Better than that - you can choose from £600k, £610k or £640k depending on which of three agents you go for - and at 600k it changes from a flat into a terraced house. Never seen anything quite like this. http://www.rightmove.co.uk/property-for-sale/find.html?searchType=SALE&locationIdentifier=POSTCODE^1537174&insId=4&radius=0.0

Share this post


Link to post
Share on other sites

I wonder what is behind the fences with all the barbed wire and a yellow sign, within which I can see some kind of red triangle that looks like some kind of warning sign?

Share this post


Link to post
Share on other sites

I wonder what is behind the fences with all the barbed wire and a yellow sign, within which I can see some kind of red triangle that looks like some kind of warning sign?

From streetview looks like a substation.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   203 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.