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Finally, a London crash is on the way (and by crash I mean approx 10-20% off the current asking prices)

Happy with that!!

asking prices have already fallen by over 10% in some parts of london

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Despite our best July ever I can smell the fear too.

I know of one bankruptcy and another firm making 50 redundancies this week - both surprising and unheralded.

There is a new trend at our hotel - we cook few breakfasts as businessmen and workers alike are pressurised to work late and leave well before our breakfast time.

Our tourist trade seems quite strong - mostly Australians, Kiwis and Canadians though, but our first French and Germans recently for some time.

I am coming to London for a day off tomorrow. It will be interesting to see how busy the tourist trade is in the London.

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Despite our best July ever I can smell the fear too.

I know of one bankruptcy and another firm making 50 redundancies this week - both surprising and unheralded.

There is a new trend at our hotel - we cook few breakfasts as businessmen and workers alike are pressurised to work late and leave well before our breakfast time.

Our tourist trade seems quite strong - mostly Australians, Kiwis and Canadians though, but our first French and Germans recently for some time.

I am coming to London for a day off tomorrow. It will be interesting to see how busy the tourist trade is in the London.

I am back living in London, and although there are still tourists it doesn't seem quite as packed as it did last year. Maybe a slightly stronger pound is putting off people? Having said that I may be misjudging the August feel; a good sign is that you can see the odd "staff wanted " signs outside bars and shops. Naturally they would be looking for over-qualified euro babes (both sexes) to work for minimum wage, but at least it gives a glimmer of a chance to young locals.

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I know of a couple with a few houses that converted their owner occupancy home to btl and moved back in to patents with children in tow (parents don't really have the room), smells like tight finances if you ask me. Working full time and can't even afford a place of their own to live in after their btl costs are covered.

I too can smell the fear.

Edited by Si1

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I know of a couple with a few houses that converted their owner occupancy home to btl and moved back in to patents with children in tow (parents don't really have the room), smells like tight finances if you ask me. Working full time and can't even afford a place of their own to live in after their btl costs are covered.

I too can smell the fear.

Just looked at NN1 + 15 miles on rightmove/property bee.....Fear is the right word, loads of drops/sales falling through this weekend.

The plain simple fact about house prices is...they are too high.

Q,E,D,

II really wish I hadn't bought a house this year....oh wait, I didn't, I'm not a total idiot.

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I think history will judge the legislation granting fixed term governments and an 'independent' BoE pretty harshly.

It seems perfectly accepted that the economy will be thoroughly manipulated by the Tories to arrive at an election winning position in 2015, that feels pretty morally questionable to me. Mainstream economic commentors freely suggest IR's won't go up until nearer the election - making a mockery of the idea that the BoE is apolitical.

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I think history will judge the legislation granting fixed term governments and an 'independent' BoE pretty harshly.

It seems perfectly accepted that the economy will be thoroughly manipulated by the Tories to arrive at an election winning position in 2015, that feels pretty morally questionable to me. Mainstream economic commentors freely suggest IR's won't go up until nearer the election - making a mockery of the idea that the BoE is apolitical.

If there was no fixed term I think we'be be having an election next month !!!!

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I know of a couple with a few houses that converted their owner occupancy home to btl and moved back in to patents with children in tow (parents don't really have the room), smells like tight finances if you ask me. Working full time and can't even afford a place of their own to live in after their btl costs are covered.

I too can smell the fear.

Yet to smell it.

A friend is looking to sell a flat (£200k) and buy 2 off plan properties, one OO, one BTL, totalling half a million.

What can you say to these people who see homes as nothing more than investments?

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Yet to smell it.

A friend is looking to sell a flat (£200k) and buy 2 off plan properties, one OO, one BTL, totalling half a million.

What can you say to these people who see homes as nothing more than investments?

Lever on the way up will make you a fortune, level on the way down you'll loose everything.

I 3 people now trying to sell....one in London for £500K more than they bought the flat for, so they can up size out in surrey.

I have another friend selling locally, 30 grand more than he couldn't sell for 18 months ago. :rolleyes:

Last one has a buyer....still waiting for actuall sell though.

I'm watching intently what is happening with them.

Edited by TheCountOfNowhere

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