Up the spout Posted September 29, 2017 Share Posted September 29, 2017 Average price down 0.6% between July and September. As it's the Graun, expect Islington residents to panic first. Quote Link to comment Share on other sites More sharing options...
GreenDevil Posted September 29, 2017 Share Posted September 29, 2017 20 minutes ago, Up the spout said: Average price down 0.6% between July and September. As it's the Graun, expect Islington residents to panic first. Start selling up their BTLs? Quote Link to comment Share on other sites More sharing options...
Up the spout Posted September 29, 2017 Author Share Posted September 29, 2017 19 minutes ago, GreenDevil said: Start selling up their BTLs? Or worrying how they're going to justify next year's rent increase. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted September 29, 2017 Share Posted September 29, 2017 (edited) 1 hour ago, GreenDevil said: Start selling up their BTLs? Yeah - Remember Michael Meacher MP -- Very "left wing" Labour MP - recently deceased -- he owned 9+ properties in & around London -- all paid for by us.... SCUM. AND -- the whole HPI thing was engineered and orchestrated when Bliar & Idiot-Brown were in government...... So - don't EVER kid yourself that a "left wing" government is EVER going to solve any of the problems of hpi and the rest... https://www.theguardian.com/uk/2001/jan/20/politics.labour More: http://www.telegraph.co.uk/news/2016/08/27/michael-meacher-left-fortune-of-5m-but-debts-of-more-than-1m-say/ http://www.dailymail.co.uk/debate/article-2860073/STEPHEN-GLOVER-typically-touch-Labour-millionaire-stand-thieves.html Edited September 29, 2017 by eric pebble Quote Link to comment Share on other sites More sharing options...
Saving For a Space Ship Posted September 29, 2017 Share Posted September 29, 2017 London house prices fall for the first time in eight years - but northern cities soar Quote http://www.telegraph.co.uk/property/house-prices/manchester-soars-london-records-real-house-price-falls/ Quote Link to comment Share on other sites More sharing options...
rantnrave Posted September 30, 2017 Share Posted September 30, 2017 Lots of relevant threads this can go on (from yesterday) Quote Link to comment Share on other sites More sharing options...
spyguy Posted September 30, 2017 Share Posted September 30, 2017 41 minutes ago, rantnrave said: Lots of relevant threads this can go on (from yesterday) Haha Filthy phil greens daughter get knocked up by a felon. Quote Link to comment Share on other sites More sharing options...
Nabby81 Posted September 30, 2017 Share Posted September 30, 2017 1 hour ago, rantnrave said: Lots of relevant threads this can go on (from yesterday) Funny you didn't get many blow for renters / potential buyers when the prices where going up in double digits but a 0.6% drop and its headline news !!! Quote Link to comment Share on other sites More sharing options...
Patient London FTB Posted September 30, 2017 Share Posted September 30, 2017 5 minutes ago, fru-gal said: http://www.dailymail.co.uk/property/article-4934348/Million-pound-homes-having-asking-prices-slashed.html Usual shoddy journalism from the Mail. Headline mentions 50% discounts, the closest the actual copy comes to that figure is 30%. Lovely bear food though. Quote Link to comment Share on other sites More sharing options...
Sawitcoming Posted September 30, 2017 Share Posted September 30, 2017 1 minute ago, Patient London FTB said: Usual shoddy journalism from the Mail. Headline mentions 50% discounts, the closest the actual copy comes to that figure is 30%. Lovely bear food though. Good to see HPCers have integrity and expect good journalism even when it is in our favour. The headlines are coming thick and fast now!! Quote Link to comment Share on other sites More sharing options...
Dorkins Posted September 30, 2017 Share Posted September 30, 2017 On 9/29/2017 at 9:32 AM, Up the spout said: As it's the Graun, expect Islington residents to panic first. Islington has one of the highest rates of private renting in the country. I expect a straw poll of Islington residents would find most of them quite happy to see house prices fall. Quote Link to comment Share on other sites More sharing options...
winkie Posted September 30, 2017 Share Posted September 30, 2017 At the end of the day the numbers of voters that do not own or are not buying a home is growing....the problem of HPI, lack of homes that families can buy and high rents in certain places is concerning more people, even some of the people that do own, they fear for their children's chances for the future......not forgetting multi home owners only have the one vote. Quote Link to comment Share on other sites More sharing options...
Simhadri Posted September 30, 2017 Share Posted September 30, 2017 One of my friends who bought 3 Bed Semi in Pinner in Harrow for £550K did his best to convince me to buy his neighbor's 3 bed semi for £640k just 3 months after he bought. I see similar tendency among other friends who suggested me to buy houses in their street for more price than they paid few months ago. This thinking seems like hey if my buddy buys similar house for much higher price, my house value will automatically increase as my house is similar to his and my loan to value ratio will decrease. This is what housing mess in this country is turning people into. Pure speculators and they call this speculation as SMART INVESTING. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted September 30, 2017 Share Posted September 30, 2017 2 hours ago, Simhadri said: One of my friends who bought 3 Bed Semi in Pinner in Harrow for £550K did his best to convince me to buy his neighbor's 3 bed semi for £640k just 3 months after he bought. I see similar tendency among other friends who suggested me to buy houses in their street for more price than they paid few months ago. This thinking seems like hey if my buddy buys similar house for much higher price, my house value will automatically increase as my house is similar to his and my loan to value ratio will decrease. This is what housing mess in this country is turning people into. Pure speculators and they call this speculation as SMART INVESTING. The greater fool theory states that the price of an object is determined not by its intrinsic value, but rather by irrational beliefs and expectations of market participants. A price can be justified by a rational buyer under the belief that another party is willing to pay an even higher price. Quote Link to comment Share on other sites More sharing options...
maverick73 Posted September 30, 2017 Share Posted September 30, 2017 If a decline of 0.6%, causes panic, then a base rate hike will be mass hysteria Quote Link to comment Share on other sites More sharing options...
Sugarlips Posted October 1, 2017 Share Posted October 1, 2017 5 hours ago, Simhadri said: One of my friends who bought 3 Bed Semi in Pinner in Harrow for £550K did his best to convince me to buy his neighbor's 3 bed semi for £640k just 3 months after he bought. I see similar tendency among other friends who suggested me to buy houses in their street for more price than they paid few months ago. This thinking seems like hey if my buddy buys similar house for much higher price, my house value will automatically increase as my house is similar to his and my loan to value ratio will decrease. This is what housing mess in this country is turning people into. Pure speculators and they call this speculation as SMART INVESTING. Great friends youve got then... But dont worry HTB extension is gonna solve everything Quote Link to comment Share on other sites More sharing options...
winkie Posted October 1, 2017 Share Posted October 1, 2017 Quote Link to comment Share on other sites More sharing options...
winkie Posted October 1, 2017 Share Posted October 1, 2017 On 29/09/2017 at 10:20 AM, eric pebble said: Yeah - Remember Michael Meacher MP -- Very "left wing" Labour MP - recently deceased -- he owned 9+ properties in & around London -- all paid for by us.... SCUM. AND -- the whole HPI thing was engineered and orchestrated when Bliar & Idiot-Brown were in government...... So - don't EVER kid yourself that a "left wing" government is EVER going to solve any of the problems of hpi and the rest... https://www.theguardian.com/uk/2001/jan/20/politics.labour More: http://www.telegraph.co.uk/news/2016/08/27/michael-meacher-left-fortune-of-5m-but-debts-of-more-than-1m-say/ http://www.dailymail.co.uk/debate/article-2860073/STEPHEN-GLOVER-typically-touch-Labour-millionaire-stand-thieves.html ........ten widgets for us....one widget for you..... don't ever say we don't give you anything. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted October 1, 2017 Share Posted October 1, 2017 15 hours ago, rantnrave said: Lots of relevant threads this can go on (from yesterday) There was some very blunt talk from an EA - I think from Pendleton's - in that article, about the need to price realistically, and EAs needing to be honest with vendors, etc. Of course it's obvious and common sense but good to see them actually saying it - as more and more are doing now - because they know they're not going to sell anything overpriced and if they don't sell anything there's no money coming in. You do have to wonder how Foxton's is rethinking its former strategy, which apparently was to overvalue everything at ludicrous + 10%. Quote Link to comment Share on other sites More sharing options...
winkie Posted October 1, 2017 Share Posted October 1, 2017 32 minutes ago, Mrs Bear said: There was some very blunt talk from an EA - I think from Pendleton's - in that article, about the need to price realistically, and EAs needing to be honest with vendors, etc. Of course it's obvious and common sense but good to see them actually saying it - as more and more are doing now - because they know they're not going to sell anything overpriced and if they don't sell anything there's no money coming in. You do have to wonder how Foxton's is rethinking its former strategy, which apparently was to overvalue everything at ludicrous + 10%. In the real world that doesn't work because EA are no longer valuers, vendors are, they see what last sold near to them in the last couple of months and add 10%......if the agent tries to say not realistic they sign-up to one that does agree and is happy to market with their so called bubble valuation.....then are surprised when the last house to sell was sold 10% below that one sold six months ago. Quote Link to comment Share on other sites More sharing options...
Mrs Bear Posted October 1, 2017 Share Posted October 1, 2017 4 minutes ago, winkie said: In the real world that doesn't work because EA are no longer valuers, vendors are, they see what last sold near to them in the last couple of months and add 10%......if the agent tries to say not realistic they sign-up to one that does agree and is happy to market with their so called bubble valuation.....then are surprised when the last house to sell was sold 10% below that one sold six months ago. Well, yes, agreed, but maybe the penny is beginning to drop at last? However, Foxtons are still good for a laugh. I just checked the mini area I keep an eye on in SW17. There is a terribly dated maisonette - a hideous-decor probate (by the looks of it) - needs LOADS of work - which was originally on with some faraway and evidently clueless agent for way over what was reasonable even by daft standards, given the cost of doing up. Now on with Foxtons at a good chunk more than sensible even by still-daft standards - and it's described as 'superb' with a 'smart' kitchen! Quote Link to comment Share on other sites More sharing options...
eric pebble Posted July 22, 2018 Share Posted July 22, 2018 On 01/10/2017 at 09:04, Mrs Bear said: Well, yes, agreed, but maybe the penny is beginning to drop at last? However, Foxtons are still good for a laugh. I just checked the mini area I keep an eye on in SW17. There is a terribly dated maisonette - a hideous-decor probate (by the looks of it) - needs LOADS of work - which was originally on with some faraway and evidently clueless agent for way over what was reasonable even by daft standards, given the cost of doing up. Now on with Foxtons at a good chunk more than sensible even by still-daft standards - and it's described as 'superb' with a 'smart' kitchen! So --- Where are we now?? What are the latest wheezes the govt & 'powers-that-be' are using now??? Just can't believe how there hasn't been a SERIOUSLY Bloody Revolution..... Quote Link to comment Share on other sites More sharing options...
simvastatin Posted July 22, 2018 Share Posted July 22, 2018 3 hours ago, eric pebble said: So --- Where are we now?? What are the latest wheezes the govt & 'powers-that-be' are using now??? Just can't believe how there hasn't been a SERIOUSLY Bloody Revolution..... Why should their be, its only london that is so ridiculous and that is slowly coming down 10 years from now we will look at how high the prices were and be in shock Quote Link to comment Share on other sites More sharing options...
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