insertcoinstocontinue Posted August 24, 2017 Share Posted August 24, 2017 Biggest shock to me is people paying £4K on train travel. WTF? This country is so screwed up Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 24, 2017 Share Posted August 24, 2017 8 minutes ago, insertcoinstocontinue said: Biggest shock to me is people paying £4K on train travel. WTF? This country is so screwed up That's nothing, try ,10k AFTER TAX ...including parking. Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 24, 2017 Share Posted August 24, 2017 1 hour ago, TheCountOfNowhere said: Hyper inflation. Usually happens after money printing. https://www.google.co.uk/amp/s/amp.ft.com/content/46a1ce84-bf2a-11e3-a4af-00144feabdc0 Quote Link to comment Share on other sites More sharing options...
insertcoinstocontinue Posted August 24, 2017 Share Posted August 24, 2017 10 minutes ago, TheCountOfNowhere said: That's nothing, try ,10k AFTER TAX ...including parking. One question. Y?.... unbelievable Quote Link to comment Share on other sites More sharing options...
Tapori Posted August 24, 2017 Share Posted August 24, 2017 3 hours ago, insertcoinstocontinue said: One question. Y?.... unbelievable Because it's just like that. Don't want to be a communist. Don't want to go back to the unions. Too much hassle already, so tired after commute, can't think straight. "Doffs cap." Quote Link to comment Share on other sites More sharing options...
Option5 Posted August 25, 2017 Share Posted August 25, 2017 Apparently the house price crash has been cancelled due to lack of demand. London's house price slowdown has 'bottomed out' but outlook is sluggish http://www.telegraph.co.uk/property/house-prices/londons-house-price-slowdown-has-bottomed-outlook-sluggish/ Quote Link to comment Share on other sites More sharing options...
locky82 Posted August 25, 2017 Share Posted August 25, 2017 10 hours ago, houseface2000 said: Hyperinflation = great time to buy pwoperdee. Good hedge against inflation True max out credit cards on long life food and any left over on Rolex's. Last thing you want to do is hold cash for a house price crash. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted August 25, 2017 Share Posted August 25, 2017 9 hours ago, insertcoinstocontinue said: One question. Y?.... unbelievable You get paid more in London....2 hour commute door to door, work every hour god sends..... Probably works out minimum wage when you factor it all in Quote Link to comment Share on other sites More sharing options...
houseface2000 Posted August 25, 2017 Share Posted August 25, 2017 1 hour ago, locky82 said: True max out credit cards on long life food and any left over on Rolex's. Last thing you want to do is hold cash for a house price crash. Well yeah Definition of Hyperinflation is RPI of above 300% per annum 10% rated aunt bona help much Quote Link to comment Share on other sites More sharing options...
stuckmojo Posted August 25, 2017 Share Posted August 25, 2017 2 hours ago, TheCountOfNowhere said: You get paid more in London....2 hour commute door to door, work every hour god sends..... Probably works out minimum wage when you factor it all in That's how I see it. I would probably become ill very quickly if I had to live in the London commuter belt and pay 10k in commuting cost AND lose 2/3 hours per day. ****** that. Quote Link to comment Share on other sites More sharing options...
Mapatasy Posted August 25, 2017 Share Posted August 25, 2017 Worth mentioning this delightful bit in The Express: http://www.express.co.uk/life-style/property/845308/house-prices-property-for-sale-news Why are they suddenly so crashtastic? Pressuring Gov.? House prices: Property CRASH warning as houses in commuter towns fall in value "HOUSE PRICES are falling in commuter towns where buyers were thought to have made solid investments. However, now it seems that almost half of property for sale in places like Reading has been reduced in price" "House prices in commuter towns are crashing as homeowners struggle to sell off their properties in some of the most desirable regions in the UK" Quote Link to comment Share on other sites More sharing options...
Si1 Posted August 25, 2017 Share Posted August 25, 2017 "where buyers were thought to have made solid investments" Thought who? Quote Link to comment Share on other sites More sharing options...
Option5 Posted August 25, 2017 Share Posted August 25, 2017 4 minutes ago, Si1 said: "where buyers were thought to have made solid investments" Thought who? The buyers presumably and, if mortgaged, the company making the loan. Quote Link to comment Share on other sites More sharing options...
Si1 Posted August 25, 2017 Share Posted August 25, 2017 5 minutes ago, Option5 said: The buyers presumably and, if mortgaged, the company making the loan. Were they savvy house buyers and investors. Oh, savvy and smart. Quote Link to comment Share on other sites More sharing options...
Errol Posted August 25, 2017 Share Posted August 25, 2017 (edited) 5 hours ago, Mapatasy said: 'in places like Reading' 'some of the most desirable regions in the UK' Reading and desirable are two words I wouldn't normally put together. Edited August 25, 2017 by Errol Quote Link to comment Share on other sites More sharing options...
ARENAPUA Posted August 26, 2017 Author Share Posted August 26, 2017 And another one. Not sure if this has been posted elsewhere but you are right the Express has turned overwhelmingly bearish.. What I find hilarious is the 'head in hands' photo accompanying the article....w....t....f http://www.express.co.uk/life-style/property/839350/House-prices-property-crash-metric-banks Quote Link to comment Share on other sites More sharing options...
Barnsey Posted August 26, 2017 Share Posted August 26, 2017 (edited) 30 minutes ago, ARENAPUA said: And another one. Not sure if this has been posted elsewhere but you are right the Express has turned overwhelmingly bearish.. What I find hilarious is the 'head in hands' photo accompanying the article....w....t....f http://www.express.co.uk/life-style/property/839350/House-prices-property-crash-metric-banks Yep, just a tad bearish... Quite interestingly points out how the banks decide to clamp down on lending multiples based on current bubble valuations once a crash is in sight, instead focusing on long term average values. How on earth do we find out what the banks consider these values to be? Naturally this will assist in exacerbating the inability of first time buyers to pay silly kite flying prices, in turn helping to accelerate a return to the long term average values. Rupert Clarke of the Property Industry Alliance, a comprehensive industry umbrella group, told the Financial Times: “It’s been fairly predictable — once every 15 to 20 years or so, the market rises up in value and then crashes dramatically. So are we talking about a 90's reversion rather than the feeble dip in 08? EDIT: Seems they're on about this, which is for COMMERCIAL property http://www.ipf.org.uk/industry-involvement/long-term-value-methodologies-real-estate-lending.html Edited August 26, 2017 by Barnsey Quote Link to comment Share on other sites More sharing options...
Barnsey Posted August 26, 2017 Share Posted August 26, 2017 (edited) 21 hours ago, stuckmojo said: That's how I see it. I would probably become ill very quickly if I had to live in the London commuter belt and pay 10k in commuting cost AND lose 2/3 hours per day. ****** that. And you've got the added extra stress of the looming SW trains strikes regarding getting rid of the guards, new driver only trains have already been ordered. Just think of all those people in Reading-Wokingham-Bracknell who moved out of London to buy and are seeing their recent property purchase fall just like the ones they were looking at within the M25, whilst being unable to get to work, as the inner M25 TFL transport thunders on relatively reliably and cheaply. Will only further accelerate the number of reductions we are currently witnessing and being reported in MSM, never mind the bonus extra of the Thames Valley to be hardest hit after Brexit. Edited August 26, 2017 by Barnsey Quote Link to comment Share on other sites More sharing options...
Fromage Frais Posted August 26, 2017 Share Posted August 26, 2017 On 24/08/2017 at 10:33 PM, TheCountOfNowhere said: That's nothing, try ,10k AFTER TAX ...including parking. Norwich to London is 8k or so What a joke I can never do more then 45 mins let along pay to be tortured for hours a day Quote Link to comment Share on other sites More sharing options...
PropertyMania Posted August 27, 2017 Share Posted August 27, 2017 On 26/08/2017 at 9:45 AM, Barnsey said: And you've got the added extra stress of the looming SW trains strikes regarding getting rid of the guards, new driver only trains have already been ordered. Just think of all those people in Reading-Wokingham-Bracknell who moved out of London to buy and are seeing their recent property purchase fall just like the ones they were looking at within the M25, whilst being unable to get to work, as the inner M25 TFL transport thunders on relatively reliably and cheaply. TFL unionised to death and probably still the most expensive transport system in world. £1900/year for zones 1-4 ain't cheap. http://content.tfl.gov.uk/adult-fares-2017.pdf Quote Link to comment Share on other sites More sharing options...
spyguy Posted August 27, 2017 Share Posted August 27, 2017 On 26/08/2017 at 8:45 AM, Barnsey said: And you've got the added extra stress of the looming SW trains strikes regarding getting rid of the guards, new driver only trains have already been ordered. Just think of all those people in Reading-Wokingham-Bracknell who moved out of London to buy and are seeing their recent property purchase fall just like the ones they were looking at within the M25, whilst being unable to get to work, as the inner M25 TFL transport thunders on relatively reliably and cheaply. Will only further accelerate the number of reductions we are currently witnessing and being reported in MSM, never mind the bonus extra of the Thames Valley to be hardest hit after Brexit. Im relatively positive about the area immeduately around Reading train station. If only they could build a wall to keep the town away from the people arriving to work... The commute time of some people i worked with are shocking, 3rd world. The rest of the m4 corridor is fcked. Roads are too congested. All the high paying jobs are going to London. Quote Link to comment Share on other sites More sharing options...
Barnsey Posted August 27, 2017 Share Posted August 27, 2017 (edited) 3 hours ago, PropertyMania said: TFL unionised to death and probably still the most expensive transport system in world. £1900/year for zones 1-4 ain't cheap. http://content.tfl.gov.uk/adult-fares-2017.pdf "Relatively" cheaply, still expensive but vs a rail season ticket, which for RDG - London (25 min journey) including tube is currently £5116 Edited August 27, 2017 by Barnsey Quote Link to comment Share on other sites More sharing options...
Funn3r Posted August 29, 2017 Share Posted August 29, 2017 You get what you pay for. Bloke from New York City thinks tube is wonderful http://uk.businessinsider.com/london-underground-better-than-nyc-subway-2017-8/ Quote Link to comment Share on other sites More sharing options...
spyguy Posted August 29, 2017 Share Posted August 29, 2017 On 8/27/2017 at 2:56 PM, Barnsey said: "Relatively" cheaply, still expensive but vs a rail season ticket, which for RDG - London (25 min journey) including tube is currently £5116 And just gone up another ~6% (I think). Or, as a 40% tax payer, about another 10%. Quote Link to comment Share on other sites More sharing options...
Will! Posted August 29, 2017 Share Posted August 29, 2017 On 23/08/2017 at 10:54 PM, Sancho Panza said: Next came Basingstoke, 50 minutes from Waterloo, Sometimes. BBC News: Anger over Waterloo station reopening delays 'mess' Quote Jasper Johns said his journey from Kingston was delayed by up to 40 minutes. The 35-year-old said: "There was an expectation or doubt that it would be ready, because they're pretty poor when they do these works anyway. "But you've kind of had enough. Say 10 minutes more in the morning, then another 20 minutes perhaps in the evening, you take that over a week - it's an extra hour or so you spend commuting. Over three weeks. Quote Link to comment Share on other sites More sharing options...
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