Jump to content
House Price Crash Forum
Bill D'arblay

Mumsnet Hippy Boomer Urges Yuppie Couple To Buy In London!

Recommended Posts

Yuppy Couple:​

However I'm a bit nervous as keep reading doom and gloom articles about the housing market and a new global financial crash.

Aging Hippy:

Prices will undoubtedly rise further in London IMO. It's a matter of supply and demand. There is already a housing shortage and the population is predicted to increase significantly.

Judging by all the other comments on there - it would appear that confidence in the London property is sky high.

It's about time we had another Mumsnet voyeur session!

Mumsnet: Is this the wrong time to buy in London?

Share this post


Link to post
Share on other sites

ah, the old supply and demand argument.

plenty demand for ferraris, not many people able or willing to buy.

2 million impoverished immigrants are not going to be buying houses.

they're coming here for our cash not because they have loads already.

middle class women who've never actually had to experience life are maybe not the best placed to work out what's happening in the country.

Share this post


Link to post
Share on other sites

"We have 2 in East London. OH bought in 2012 for £226k, valued in 2015 (early) at £360k (it's a 2bed flippin terrace for god's sake!!). That's not bragging - it shows only going to go up for the next couple of years."

The logic is fantastic.

Share this post


Link to post
Share on other sites

"Prepare for this thread to be deluged with absolute whining nonsense from the wise old owls over on housepricecrash"

HarpoBoy's comment :rolleyes:

Betty4321 is definitely on our side though :D

Share this post


Link to post
Share on other sites

"Prepare for this thread to be deluged with absolute whining nonsense from the wise old owls over on housepricecrash"

HarpoBoy's comment :rolleyes:

Betty4321 is definitely on our side though :D

ROFL - HarpoBoy refers to absolute whining nonsense!

I guess if you signalled caution to a Lehman Brother employee in 2008 he would have called it whining nonsense!

Having said that. You can't entirely blame people for having such a rosy sentiment - there is a huge disconnect between the general media peddling this 'envy of the world' economy drivel and serious economists and institutions.

Edited by Bill D'arblay

Share this post


Link to post
Share on other sites

2 million impoverished immigrants are not going to be buying houses.

they're coming here for our cash not because they have loads already.

But the government might pay for their rent thus paying a BTL's mortgage

Share this post


Link to post
Share on other sites

But the government might pay for their rent thus paying a BTL's mortgage

then again, they might cut it and /or have a financial crisis.

which is more likely?

the facts remain, government in massive debt. money printing and housing bubble masking a huge social and economic crisis.

Share this post


Link to post
Share on other sites

then again, they might cut it and /or have a financial crisis.

which is more likely?

the facts remain, government in massive debt. money printing and housing bubble masking a huge social and economic crisis.

Are you asking "what is more likely Government doing something sensible or something stupid?". I would like to say sensible but it is a hard one to call.

BTW I think houses should fall in price and I hope it happens (up to a point I don't want to be in negative equity).

However I don't think a massive fall will happen nor that England will win the world cup in 2018 - I would like both to happen though.

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:   36 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.