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Last Hun Standing

Property Pedlers On London Bridge

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Today, for the second time in two months I have seen people trying to direct market property to the commuters on their way into work.

On both occasions the marketer didn't appear to be the standard leaflet pusher. By this I mean that it wasn't like the people who hand out the free newspapers like "City AM" or hand out leaflets for bars / services. They seemed the messianic, slightly wild eyed, really motivated salesy types.

Last month was Florida property, this month Bulgaria. Several commuters were obviously laughing as they walked past.

To my mind, there are two possibilities.

1) If this marketing works enough to justify the peddler taking the time to do it, then the 'investor' is clearly completely insensetive to risk. The only limit to their ability to purchase will be the availability of credit, not any rational cashflow or risk appraisal.

As long as there are willing lenders, there will be borrowers, and therefore HPC delayed. Of course the fallout is that much more painful.

2) These are idiot marketers who clearly shouldn't have bothered to get out of bed and should be ridiculed.

Not sure myself, but I can't see someone picking up an off plan appartement is Sofia or a timeshare in Orlando with their latte.

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Saw a couple of guys had set up a Spanish property stall at Brent Cross last Saturday. I rarely go to Brent Cross so I don't know if this is a regular occurence. At any rate they seemed bored and one was yawning very loudly. Can't help thinking if these Spanish homes were that good a deal thay wouldn't have to come all the way to Brent Cross to market them to chavs like me. ;)

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Saw a couple of guys had set up a Spanish property stall at Brent Cross last Saturday. I rarely go to Brent Cross so I don't know if this is a regular occurence. At any rate they seemed bored and one was yawning very loudly. Can't help thinking if these Spanish homes were that good a deal thay wouldn't have to come all the way to Brent Cross to market them to chavs like me. ;)

The good news about selling foriegn property is that there are proportion of mugs that won't insist on viewing , and 90% of mugs won't have the faintest idea of trends in the country in question. A big space is left to big up a dead cow.

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Guest Charlie The Tramp

They have opened up a Property Shop in my area. All the prospective buyers I see inside appear to be over 50, no doubt remortgaging their homes to buy the dream that eventually wll become their financial nightmare.

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I've driven past a greasy spoon with "Buy Property Abroad from £3k" on a big home made sign in the window. It's like the last days of tulipmania or the South Sea Bubble.

Indeed, I very much like the National Lottery's new "flying bricks" advert, it pretty much sums up the whole predicament, the low reaching nature of the lottery directly tied to foreign propertee', "if you win just think of what you could buy in costa del chavo". One cannot help but compare these great lumps of flying clay to flying pigs, and eventually all pigs get slaughtered.

Hot air balloon houses, flying bricks, building societies running adverts set in the wild west, this is all fodder for the post-crash "we all knew really" property porn documentaries.

Edited by BuyingBear

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  • 302 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%



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