longgone Posted January 24, 2015 Share Posted January 24, 2015 (edited) http://www.standard.co.uk/news/london/house-hunters-queue-overnight-for-chance-to-spend-400k-on-a-one-bedroom-flat-9998005.html Jo Cullen, 43, a fitness instructor from Folkestone in Kent, had been queuing in shifts with her brother and husband to buy a one-bedroom crashpad. She said: “My husband commutes into London so we want the flat in case he wants to stay over, or if we go the theatre we can stay and it’s not a long train journey back. By the time it’s built my eldest will be 16 or 17 so he might be able to use it if he comes up to London. do fitness instructors earn much ???? Edited January 24, 2015 by longgone Quote Link to comment Share on other sites More sharing options...
Uncle_Kenny Posted January 24, 2015 Share Posted January 24, 2015 do fitness instructors earn much ???? The article says the husband commutes into the city, he obviously earns the money. No mention on how the "law guy" is paying for it, inheritance, BOMAD, savings, who knows. I love the way the article implies the flats price and rent will go up and up and up as a matter of course. It's embarrassing as a Brit to see my fellow country men reduced to this. It's a disgrace. Quote Link to comment Share on other sites More sharing options...
Billy Ray Valentine Posted January 24, 2015 Share Posted January 24, 2015 If the developers haven't paid for that advert article I'll be very surprised. In fact I imagine many of the people in that queue were there at that time because they had applied weeks/months in advance and had been given an appointment for that time to see an 'advisor'. Maybe I'm being too cynical, but I doubt it! Quote Link to comment Share on other sites More sharing options...
juvenal Posted January 24, 2015 Share Posted January 24, 2015 http://www.bbc.co.uk/birmingham/content/articles/2005/10/15/rotunda_skyline_for_sale_feature.shtml Reminds me a bit of the Rotunda frenzy in Birmingham in 2008. Anyone know how resale prices have held up there? Quote Link to comment Share on other sites More sharing options...
dances with sheeple Posted January 24, 2015 Share Posted January 24, 2015 If the developers haven't paid for that advert article I'll be very surprised. In fact I imagine many of the people in that queue were there at that time because they had applied weeks/months in advance and had been given an appointment for that time to see an 'advisor'. Maybe I'm being too cynical, but I doubt it! Yes, all stage managed for sure, surprised they didn't give them little scripts to say to the media........ Quote Link to comment Share on other sites More sharing options...
THE BALD MAN Posted January 24, 2015 Share Posted January 24, 2015 Crashpad...surely a hotel would be cheaper? Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 24, 2015 Share Posted January 24, 2015 (edited) http://www.bbc.co.uk/birmingham/content/articles/2005/10/15/rotunda_skyline_for_sale_feature.shtml Reminds me a bit of the Rotunda frenzy in Birmingham in 2008. Anyone know how resale prices have held up there? http://www.housepricecrash.co.uk/forum/index.php?/topic/79345-rotundaaaaa/page-3 ..could do with an update Edited January 24, 2015 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
winkie Posted January 24, 2015 Share Posted January 24, 2015 More fool them, their life......many thousands of hours work input for that....is this what we have resorted to? ....live to work or work to live. They are only buying because they think they will always be able to sell for more, because everybody wants one....cross rail the magic money maker, will see. Quote Link to comment Share on other sites More sharing options...
shindigger Posted January 24, 2015 Share Posted January 24, 2015 Crashpad. Absolutely. Quote Link to comment Share on other sites More sharing options...
Exiled Canadian Posted January 24, 2015 Share Posted January 24, 2015 Top of the market stuff..... Quote Link to comment Share on other sites More sharing options...
renting til I die Posted January 24, 2015 Share Posted January 24, 2015 Crashpad...surely a hotel would be cheaper? Well lets say £100 a night for a hotel room (sure you can get cheaper if you book ahead!), that 4000 nights! Seem sensible to me but I'm sure that they would say 'stay in a hotel, but it's dead money, init!' Quote Link to comment Share on other sites More sharing options...
julieannboo Posted January 24, 2015 Share Posted January 24, 2015 People have lost their minds. Stratford is a war zone. Quote Link to comment Share on other sites More sharing options...
Samboy Posted January 24, 2015 Share Posted January 24, 2015 Those prices will be good value in 2115, these people are forward thinking entrepreneurs. Often wonder how people who have the ability to earn such vast sums of money can be so fckn stupid. Quote Link to comment Share on other sites More sharing options...
longgone Posted January 24, 2015 Author Share Posted January 24, 2015 Those prices will be good value in 2115, these people are forward thinking entrepreneurs. Often wonder how people who have the ability to earn such vast sums of money can be so fckn stupid. trouble is they will be compost by then Quote Link to comment Share on other sites More sharing options...
pipllman Posted January 24, 2015 Share Posted January 24, 2015 three hundred and seventy five thousand english pounds + stamp duty etc. to buy a one bed apartment off plan in stratford a one bed apartment that looks as if it is about 500 sq ft https://www.taylorwimpey.co.uk/find-your-home/england/london/stratford/chobham-manor/1-bed-coming-soon As Mr Smith, who works in law, said: “It’s such a good area, spacious but central enough that you can see the city, and what with demand around here you can only hope it goes up in value." The only experience I have of such queueing to purchase off plan was in Spain back in 2004 ish And we all now what happened to that dream of ever increasing prices... Quote Link to comment Share on other sites More sharing options...
Venger Posted January 24, 2015 Share Posted January 24, 2015 Already know the routine. Come early part of hpc, the softies will all be #TheyDidn'tKnowWhatTheyWereDoingVictimVictim People have little choice. They are not as obsessed and knowledgable as people here. which I guess makes them innocent for outbidding others by whack-crazy amounts, and to begin another 7 years of bailouts #NoMemoryPricesCanFall Quote Link to comment Share on other sites More sharing options...
londislagerhound Posted January 24, 2015 Share Posted January 24, 2015 Jo Cullen, 43, a fitness instructor from Folkestone in Kent, had been queuing in shifts with her brother and husband to buy a one-bedroom crashpad. Here in Somerset that might only be two people. Quote Link to comment Share on other sites More sharing options...
renting til I die Posted January 24, 2015 Share Posted January 24, 2015 Those prices will be good value in 2115, these people are forward thinking entrepreneurs. Often wonder how people who have the ability to earn such vast sums of money can be so fckn stupid. The reason is that they don't earn it! They borrow it! Doesn't seem so vast when you are only paying 2% on top of the capital! When rent costs £1700 a month, http://www.rightmove.co.uk/property-to-rent/property-47992414.htmland a 2% repayment mortgage will cost the same, well, who is silly enough to rent!? Oh, I am! Quote Link to comment Share on other sites More sharing options...
Venger Posted January 24, 2015 Share Posted January 24, 2015 As Mr Smith, who works in law, said: “It’s such a good area, spacious but central enough that you can see the city, and what with demand around here you can only hope it goes up in value." From 2008, some of the same hpcers claimed buyers in the run up years to 2007 paying whack crazy amounts, were innocent, even when such buyers had also been creating spreadsheets at purchase, calculating their future HPI gains. It's a market. We make our own decisions. Being deliberately dumb and stupid, shouldn't mean you are supported to have advantage over others, who held a completely different market view, when market conditions change. Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted January 24, 2015 Share Posted January 24, 2015 (edited) three hundred and seventy five thousand english pounds + stamp duty etc. to buy a one bed apartment off plan in stratford a one bed apartment that looks as if it is about 500 sq ft https://www.taylorwimpey.co.uk/find-your-home/england/london/stratford/chobham-manor/1-bed-coming-soon As Mr Smith, who works in law, said: “It’s such a good area, spacious but central enough that you can see the city, and what with demand around here you can only hope it goes up in value." The only experience I have of such queueing to purchase off plan was in Spain back in 2004 ish And we all now what happened to that dream of ever increasing prices... 500 sq ft. Which is just over 1 x 40 ft shipping container (320 sq ft ) + 1 x 20 ft container (160 sq ft) =480 sq ft Edited January 24, 2015 by Saving For a Space Ship Quote Link to comment Share on other sites More sharing options...
dryrot Posted January 24, 2015 Share Posted January 24, 2015 (edited) Hi Wow, We passed that Marketing Suite in December (trip to the Velodrome, for a 1 hour cycle experience: that was excellent. You can see the Velodrome roof in the background to the queue pic). Stratford is a long way out of London. The area is pretty bleak and unappetising (but in fairness it was winter). But I suppose if money is worthless, why not grab anything physical while you can? (I would buy wheelbarrows, but of course "money" is all electric now) EDIT: sp Edited January 24, 2015 by dryrot Quote Link to comment Share on other sites More sharing options...
dryrot Posted January 24, 2015 Share Posted January 24, 2015 three hundred and seventy five thousand english pounds + stamp duty etc. to buy a one bed apartment off plan in stratford a one bed apartment that looks as if it is about 500 sq ft https://www.taylorwimpey.co.uk/find-your-home/england/london/stratford/chobham-manor/1-bed-coming-soon As Mr Smith, who works in law, said: “It’s such a good area, spacious but central enough that you can see the city, and what with demand around here you can only hope it goes up in value." [deleted} And from the description: "Open plan kitchen/living/dining room" Which means you can't let it for social housing? Quote Link to comment Share on other sites More sharing options...
winkie Posted January 24, 2015 Share Posted January 24, 2015 The reason is that they don't earn it! They borrow it! Doesn't seem so vast when you are only paying 2% on top of the capital! When rent costs £1700 a month, http://www.rightmove.co.uk/property-to-rent/property-47992414.htmland a 2% repayment mortgage will cost the same, well, who is silly enough to rent!? Oh, I am! That is sad......well, who would be silly enough to live/work in a place that asks that much £1700 PM for that box...are some people going doolally?....nothing surprises me any more.....they may as well say the leasehold flats, high service charges, are half a million and the rents £2500 PM there will always be some mug that will buy it......especially if there is a queue......don't want to miss out now do we. Quote Link to comment Share on other sites More sharing options...
zugzwang Posted January 24, 2015 Share Posted January 24, 2015 "They're sitting out there waiting to give you their money. Are you gonna take it? Are you man enough to take it? What's the problem, pal?" Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted January 24, 2015 Share Posted January 24, 2015 Can this be merged into the propaganda thread. You can buy a helicopter for 100k and fly home. Quote Link to comment Share on other sites More sharing options...
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