Jump to content
House Price Crash Forum
fru-gal

Latest Index Shows London Housing Bubble Has Burst

Recommended Posts

Dear god I want this to be true! However home.co.uk doesn't seem to get publicity anywhere, other than propertywire and I just wonder whether the two of them are linked. This report was first released on the 12th, and not a single mainstream outlet carried it. What I want is landregistry figures to say London has shot to the bottom, and expect to see *that* wee gem in two days' time.

Share this post


Link to post
Share on other sites

Home's reports are usually among the most bearish IIRC.

Re not attracting much publicity - that may be the reason for the headline.

Edited by rantnrave

Share this post


Link to post
Share on other sites
‘In a synthetic property boom and bust such as London has experienced, on account of ultra-low interest rates and other stimulus measures, it is hard to imagine any possible remedial action on the part of the government. Prices this time may simply have to fall back to a more natural equilibrium,’

Yes, and then there will be the massive undershoot to come. I wonder what will happen when the Chinese catch wind of this...

Share this post


Link to post
Share on other sites

Dear god I want this to be true! However home.co.uk doesn't seem to get publicity anywhere, other than propertywire and I just wonder whether the two of them are linked. This report was first released on the 12th, and not a single mainstream outlet carried it. What I want is landregistry figures to say London has shot to the bottom, and expect to see *that* wee gem in two days' time.

http://www.propertywire.com/news/europe/central-london-property-prices-2015020910134.html

Looks like it was actually released on Property Wire on the 9th Feb.

The problem is that the annual data still shows positive and until you get a yoy negative,it's not really going to get much airtime.The media is funded by EA and bank advertisements.(except for the BBC of course,but their loyalty is to Labour and Labour are loyal to the banks/EA's)

Edited by Sancho Panza

Share this post


Link to post
Share on other sites

How much fun is this website going to be when the bubble *finally* bursts?

Linking to Daily Mail stories "We bought our house for £900k...now it's worth £150k!"

"BBC News: thousands in negative equity as prices crash."

"Daily Telegraph: Your BTL pension pot could be worth nothing"

Share this post


Link to post
Share on other sites

To be fair in many ways its already started happening, I am noticing less and less boring assholes lecturing me on property. I also know a few who have that thousand yard stare of worry, I try and be especially happy and upbeat around them. They used to dominate conversations with there rubbish now discussions are back to interesting things they cant comment on because most of them are thick as ****** and haven't even read a book.

If some of these human tumours decide to jump off a bridge I wont be worrying.

All I want is a normal place to live without some lazy **** living off my back. I am prepared to pay some old dear a fair price for a family home, everyone else can ****** off.

Share this post


Link to post
Share on other sites

Absolutely, I want to get back to normality, where property speculation isn't an ordinary topic of conversation, where salaried work comfortably pays for your home and family life, and there is not a constant drum beat of brainwashing by the MSM

We've got to stop it happening again when the bubble pops

Share this post


Link to post
Share on other sites

Lets not get too excited, this could be a false dawn, I have no illusions about the governments ability to meddle in the housing market and related economy to enrich themselves and to keep the illusion of a functioning system going just a little bit longer...

Share this post


Link to post
Share on other sites

How much fun is this website going to be when the bubble *finally* bursts?

Linking to Daily Mail stories "We bought our house for £900k...now it's worth £150k!"

"BBC News: thousands in negative equity as prices crash."

"Daily Telegraph: Your BTL pension pot could be worth nothing"

It's gonna be sh1t isn't it?

I'll probably still come here because I've been banned from all the landlord ones.

Share this post


Link to post
Share on other sites

It's gonna be sh1t isn't it?

I'll probably still come here because I've been banned from all the landlord ones.

Daily Mail tastic

"The banks are taking our homes from us...we only wanted to do the right thing...we are victims not innumerate failures...our house is really worth a million pounds....despite being a two up two down semi in Basingstoke..."

Share this post


Link to post
Share on other sites

Lets not get too excited, this could be a false dawn, I have no illusions about the governments ability to meddle in the housing market and related economy to enrich themselves and to keep the illusion of a functioning system going just a little bit longer...

Indeed.

ECB QE & pension fund release loom large on the radar....

Share this post


Link to post
Share on other sites

The Chinese will get the blame for not "investing" in enough houses.

The Wilsons will blame the Government for not supporting businessmen like themselves, the China money, the Saudi money for not investing in the UK.

:lol:

Share this post


Link to post
Share on other sites

LOL, we laugh but it is indicative of British culture today that EVERYONE will get the blame except those who exposed themselves to debt and the banks who fed on them.

I can also add ISIS will get the blame at one point for introducing political instability.

Russia too, for being in ukraine, for not buying enough london property and for being stern 80s baddies.

Maybe hoodies too, hanging around, not buying houses.

:)

Share this post


Link to post
Share on other sites

How much fun is this website going to be when the bubble *finally* bursts?

Linking to Daily Mail stories "We bought our house for £900k...now it's worth £150k!"

"BBC News: thousands in negative equity as prices crash."

"Daily Telegraph: Your BTL pension pot could be worth nothing"

You really think the government would let a £900k property fall to £150k in price? I think they would rather Putin invaded the UK and killed millions than let house prices fall that much.

Share this post


Link to post
Share on other sites

LOL, we laugh but it is indicative of British culture today that EVERYONE will get the blame except those who exposed themselves to debt and the banks who fed on them.

I can also add ISIS will get the blame at one point for introducing political instability.

Russia too, for being in ukraine, for not buying enough london property and for being stern 80s baddies.

Maybe hoodies too, hanging around, not buying houses.

:)

Just wait for the cultural shaming of solvent, unmarried childless professionals, like in Japan. They will be called selfish parasites for not buying into the ponzi.

The only way to win is not to play, as a film once put it.

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

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   215 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.