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Bruce Banner

The Bubble Won't Pop

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That article is unbelievable. Of all the delusional stupid garbage I've read on the subject of London this is by far the worst.

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That is one of the worst pieces of writing on house prices I've read. Totally lacking any argument to back up his claim that

we must acknowledge that it is hugely unlikely that we will see a reversal of this trend

And this is just illiterate:

We must ask: why is London the hot destination for international property buyers, and is the surge in foreign money good for the economy of London? The answer is yes.

It's just trolling really. I thought that had been outlawed. :D

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She seems to be saying "this time it's different" and "you plebs need to get used to it, we're doing you a favour - honest"

Also how does she think the fact that "you can rent a place that you wouldn't be able to afford to buy" (I'm paraphrasing) isn't an indication of a toppy market?

Is the article a satirical spoof?

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He runs homesforstudents, easyroommate and wheretosleep. Aka he's a letting agent, or in today's language an web entrepreneur.

Next you'll be saying he's a wealth creator...

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From the original article

We should be thrilled by the multiple benefits.

And therein lies one of the problems <_<

Edited by bomberbrown

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If it's a bubble it must pop. By definition a bubble is a systemic deviation from fair value. The only way out is to argue it's not a bubble.

Edited by zugzwang

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However, now, more than ever before, London is seeing an influx of people from all over the world looking to buy property in the city.

Young and mobile professionals from Italy, Spain, and France join other internationals in their search to for stake in valuable London property.

That sounds like just so much make believe.

Very few "young and mobile professionals" from anywhere will be able to get much of a "stake in valuable London property".

Not unless they have private wealth or are bankers etc that is.

Indeed the article is just another VI hyped up attempt at building confidence in the weakening and increasingly rotten London market before the general election.

The Huffington Post = time wasters.

Edited by billybong

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the guy is just trying to create a web presence for himself as a 'person of authority',which is the latest form of seo,the actual content matters less.

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the guy is just trying to create a web presence for himself as a 'person of authority',which is the latest form of seo,the actual content matters less.

And we fell for it! It's like Kevin McCloud the other month when he said all of the people on his show were idiots (or words to that effect) when he had tickets to sell for his live show at the NEC.

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Also how does she think the fact that "you can rent a place that you wouldn't be able to afford to buy" (I'm paraphrasing) isn't an indication of a toppy market?

This is a bit of twisted logic and BTL should think hard about it:

If you can not afford to buy (on 5% mortgage) then the property gross rental profit (yield) must be significantly lower than 5%. Meaning they do not make any profit on the rent, just capital gains. Which are not here forever as the prices are rising faster than the wages ...

Edited by Damik

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We must realize that renting gives us relief from the perpetual stresses of homeownership. We must realize that we have entered an era that allows us the freedom to move around at our will. We must realize that renting provides us the opportunity to make choices based on our ever-evolving wants and needs.

We must realise (I prefer the English spelling of the word, rather than the American English spelling) that Karim Goudiaby doesn't have a clue what he is talking about!

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