Jump to content
House Price Crash Forum

Ethnic exodus from London


Recommended Posts

A friend went to visit 3 properties in London, all were ethnics leaving

https://www.zoopla.co.uk/for-sale/details/56013711?search_identifier=91ed1edc1c9fb752c7e8b647e68e4727

Family selling up and going back to Dominican republic for £665K

---------------------

 

https://www.zoopla.co.uk/for-sale/details/56140941?search_identifier=96a426598de04952c619c9ac24b0471b

Thai woman want to sell for £450K, and go back to thailand but has let out rooms one to an African man and the other room to a Polish woman neither is paying rent anymore as they have both lost their jobs, the african man started to cry, and the polish woman started to push the thai woman.

She is about 55 scragy, lives in one of the rooms and has a 5 year old laptop

-------------------------------------------------------------------------------------------------------------------------------------------------

https://www.rightmove.co.uk/property-for-sale/property-73670759.html

Jamaican couple  wants to sell up and go back to Jamaica.--

------------------------------------------------------------------------------

 

None of these couples know each other, all the properties are in N4

Link to post
Share on other sites
  • Replies 170
  • Created
  • Last Reply

Top Posters In This Topic

3 minutes ago, simon2 said:

The second one makes no sense, surely nobody is living in that.

£450k and 44 years left on the lease?

The Thai woman has no money coming in, 

and none of her two tenants are paying her rent, and the polish woman said you cannot throw us out for 6 months, and she also said Harringay council has condemned the building.

....and she would be happy to consider any offers, any offers.

Edited by shlomo
Link to post
Share on other sites

I do feel sorry for the poor African man who has to live with that pair!

The title is a little odd - if you go to look at homes in the less nice part of Haringey you are probably unlikely to find too many white British people as they moved out a while back.

You don’t seem to  get much for £750k though in N4 - about 25 times average local wages for those still in a job!

 

 

Edited by MARTINX9
Link to post
Share on other sites
3 minutes ago, MARTINX9 said:

I do feel sorry for the poor African man who has to live with that pair!

The title is a little odd - if you go to look at homes in the less nice part of Haringey you are probably unlikely to find too many white British people as they moved out a while back.

You don’t seem to  get much for £750k though in N4 - about 25 times average local wages for those still in a job!

 

 

The common theme seemed to be we have a lot of economic problems after October so you need to sell before then, if they can get anything near the numbers they can retire forever.

.....you cannot ask people the reason why.

Link to post
Share on other sites
3 minutes ago, shlomo said:

The common theme seemed to be we have a lot of economic problems after October so you need to sell before then, if they can get anything near the numbers they can retire forever.

.....you cannot ask people the reason why.

They just need a willing mug who wants to pay £750k for a terraced house in an area with one of the highest crime rates in the UK.

Edited by MARTINX9
Link to post
Share on other sites
2 minutes ago, MARTINX9 said:

They just need a willing mug who wants to pay £750k for a terraced house in an area with one of the highest crime rates in the UK.

If the price is listed at £750k then they will get something along those lines, unless the underlying economic structure has been shot to pieces. 

Link to post
Share on other sites
51 minutes ago, MARTINX9 said:

I do feel sorry for the poor African man who has to live with that pair!

The title is a little odd - if you go to look at homes in the less nice part of Haringey you are probably unlikely to find too many white British people as they moved out a while back.

You don’t seem to  get much for £750k though in N4 - about 25 times average local wages for those still in a job!

 

 

You don’t get much for 25 times average salary, I see this as economics course work 2031, a footnote In history Hopefully corrected.  In that I mean we should not be working for the banks 

Edited by satsuma
Link to post
Share on other sites
1 hour ago, shlomo said:

A friend went to visit 3 properties in London, all were ethnics leaving

https://www.zoopla.co.uk/for-sale/details/56013711?search_identifier=91ed1edc1c9fb752c7e8b647e68e4727

Family selling up and going back to Dominican republic for £665K

---------------------

 

https://www.zoopla.co.uk/for-sale/details/56140941?search_identifier=96a426598de04952c619c9ac24b0471b

Thai woman want to sell for £450K, and go back to thailand but has let out rooms one to an African man and the other room to a Polish woman neither is paying rent anymore as they have both lost their jobs, the african man started to cry, and the polish woman started to push the thai woman.

She is about 55 scragy, lives in one of the rooms and has a 5 year old laptop

-------------------------------------------------------------------------------------------------------------------------------------------------

https://www.rightmove.co.uk/property-for-sale/property-73670759.html

Jamaican couple  wants to sell up and go back to Jamaica.--

------------------------------------------------------------------------------

 

None of these couples know each other, all the properties are in N4

 

I don't have an issue with people having old laptops/computers. I have a fine collection myself, really ought to ebay them!!!

A 13 year old HP nc6320

A couple of 2012 Macs

A couple of self build (2008) AMD 6 core Phenom systems on MSI motherboards

A 6 year PC Specialist System still quick, 6 core Intel Xeon and 16GB

A couple of 2009 Arm plug PCs and a 2011 version.

An HP Stream 12 Tablet.

An HP MicroServer Gen5.

I also have got a similarly large suite of newer systems.

To be fair a few of these are still used by the wife and kids, but it is Amazing what you can do with Linux. The HP nc6320 can still run Ubuntu 20.04 well, and if that slowed I am sure Xubuntu would work, I managed to get Xubuntu running on the HP Stream Tablet though the boot loader was 32 bit boot loader with 64 bit OS is a pain in the backside. 

 

 

 

 

 

 

 

Link to post
Share on other sites

This is about people realising that they could actually be stuck in the UK which would scare the cr@p out of you.

We sold and left the UK July 18. We lived in an area of London that had high eastern European immigrants. When I spoke to my EE friends about going home, most wanted to but their partners didn't.

Most were renting. Interestingly, FB isn't telling me they're exiting just yet. But I think after the upcoming pandemic economic depression, the yellow brick road ideology London has always seemed to immigrants, will be smashed.

Link to post
Share on other sites
8 hours ago, shlomo said:

A friend went to visit 3 properties in London, all were ethnics leaving

https://www.zoopla.co.uk/for-sale/details/56013711?search_identifier=91ed1edc1c9fb752c7e8b647e68e4727

Family selling up and going back to Dominican republic for £665K

---------------------

 

https://www.zoopla.co.uk/for-sale/details/56140941?search_identifier=96a426598de04952c619c9ac24b0471b

Thai woman want to sell for £450K, and go back to thailand but has let out rooms one to an African man and the other room to a Polish woman neither is paying rent anymore as they have both lost their jobs, the african man started to cry, and the polish woman started to push the thai woman.

She is about 55 scragy, lives in one of the rooms and has a 5 year old laptop

-------------------------------------------------------------------------------------------------------------------------------------------------

https://www.rightmove.co.uk/property-for-sale/property-73670759.html

Jamaican couple  wants to sell up and go back to Jamaica.--

------------------------------------------------------------------------------

 

None of these couples know each other, all the properties are in N4

Wonder if shes got a mortgage?

Wonder who lent her the money?

Link to post
Share on other sites
7 hours ago, MARTINX9 said:

I do feel sorry for the poor African man who has to live with that pair!

The title is a little odd - if you go to look at homes in the less nice part of Haringey you are probably unlikely to find too many white British people as they moved out a while back.

You don’t seem to  get much for £750k though in N4 - about 25 times average local wages for those still in a job!

 

Yes, there are those that still own that used to live there moved out a while ago......here and all over the world.;)

Link to post
Share on other sites
22 minutes ago, shlomo said:

Did they give liar loans to non-citizens?

There's a clue in the name .....

Typically, they - that's migrant or someone on dole - would go to a mortgage brokers whod carefully lie on the application.

Then, as the application was from a 'highly trained mortgage broker professional' the bank would suspend any from of checks n underwriting and  blindingly issue the mortgage.

 

Link to post
Share on other sites
13 minutes ago, spyguy said:

There's a clue in the name .....

Typically, they - that's migrant or someone on dole - would go to a mortgage brokers whod carefully lie on the application.

Then, as the application was from a 'highly trained mortgage broker professional' the bank would suspend any from of checks n underwriting and  blindingly issue the mortgage.

 

More information: she purchased in 2000 for £140k, she is leaving because of too much racism because of brexit and COVID 19, she wants to walk away with £400k

Edited by shlomo
Link to post
Share on other sites
2 minutes ago, spyguy said:

There's a clue in the name .....

Typically, they - that's migrant or someone on dole - would go to a mortgage brokers whod carefully lie on the application.

Then, as the application was from a 'highly trained mortgage broker professional' the bank would suspend any from of checks n underwriting and  blindingly issue the mortgage.

 

Depending on the size/amount of the deposit......when money put down more relevant than means or income to pay the mortgage.....the lenders must of known property prices were then tending on the upwards trajectory...falling interest rates, growing population and nothing much being built, income can be found from different places, lots of easy money about waiting for a buyer.....then we had the GFC.....now the situation is different, therefore lending policies adapt to change.;)

Link to post
Share on other sites
10 hours ago, shlomo said:

The Thai woman has no money coming in, 

and none of her two tenants are paying her rent, and the polish woman said you cannot throw us out for 6 months, and she also said Harringay council has condemned the building.

....and she would be happy to consider any offers, any offers.

28 minutes ago, shlomo said:

More information: she purchased in 2000 for £140k, she is leaving because of too much racism because of brexit and COVID 19, she wants to walk away with £400k

Any offers? In my 33 years experience of the ‘ups and downs’ I would wait until they really really really mean that. Walking away with any money means she doesn’t mean it yet. 

Seriously, if can’t know for sure if we will have a HPC and whether people will stop buying but if we do then never underestimate how low some bargains can be. Particularly investment properties. 

I remember the early 1990’s a landlord crying in the street (I kid you not) because of a ‘gang’ of non paying tenants in situ. Two adjoining terraces...original HMOs. Not much % debt but bankruptcy loomed and a investor pulled out his building society book and said he would pay him all the cash he had for the houses.....about 15% of their value. Deal was done, debts repaid, new owner and tenants slowly evicted over next 6/12 months. It was that chap that taught me the expression that he ‘pulls out their eyes and p155es in their eye sockets’. Personally I think he stole it from a similar quote from The film trading places but I didn’t dare mention that  

It taught me a valuable lesson...house prices fall and if you are out of luck some people will take full advantage of that situation. 

In terms of these cases in the OP and these sales I genuinely wish no ills in anyone.....but they may find if they don’t  sell soon then they need to chase a falling market (who knows). 

For me, reading the OP reiterates that this mini boom we have been seeing is incredibly misplaced by current buyers. Particularly until we know how things look next year😉

Link to post
Share on other sites
9 hours ago, MARTINX9 said:

I do feel sorry for the poor African man who has to live with that pair!

The title is a little odd - if you go to look at homes in the less nice part of Haringey you are probably unlikely to find too many white British people as they moved out a while back.

You don’t seem to  get much for £750k though in N4 - about 25 times average local wages for those still in a job!

 

 

You get a lot of overspill workers (and property landlords) from the City and Canary Wharf though, so the wages of the local Tesco worker doesn't really impact. Hackney is even worse for this.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.

  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

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.