hankdd Posted April 30, 2007 Share Posted April 30, 2007 (edited) Spanish are able to build some 800k homes a year, guess the British are retarded :angry: Did you mean retired there? Edited April 30, 2007 by hankdd Quote Link to comment Share on other sites More sharing options...
tenroom Posted April 30, 2007 Share Posted April 30, 2007 London is by no means immune. It's potential resilience in the face of any price falls will be almost entirely down to its position as Europe's premier financial centre. If there is a bust on the world markets - I can see City people being laid off big times. Investment banks don't fukk about when it comes to cutting dead weight - you come in to find your personal effects in a box with security waiting to escort you outta the building . . . I've seen it happen many a time. London was hit hard last time and nowhere - Hornsey Rise to Holland Park, Plumstead to Primrose Hill - was spared. The City people led the boom then too . . Quote Link to comment Share on other sites More sharing options...
joey Posted April 30, 2007 Share Posted April 30, 2007 London started crashing late 80s. In effect if you bought in 1988, it then dropped 20% to 30% average then started picking up again 1996, I knew some places that dropped a 50 %, e.g 100K to 50K . You could have bought the property for roughly the same price again in 1999 to what you paid in 1988. At the same time during the crash there was high demand for rental largely due to everyone in the country converging on London for jobs from all round the country, so supply and demand theory doesn't necessarly work, Japan is example of that. Basically during the crash no one knew how far property would come down even after interst rates dropped from 15 % to 6 % . The support level I think was when the mortgage repayments = or were less than rental payments. Also the Fear factor plays a large part. Quote Link to comment Share on other sites More sharing options...
lets get it right Posted April 30, 2007 Share Posted April 30, 2007 No that's just all our banking details.Had a call from someone from an Indian call centre the other day. I asked him to give me evidence that we was in fact a representative of the credit card company. He started to reel off a whole bunch of my personal and financial information as confirmation. Rather than reassure me, it actually made me very nervous. Yes, it makes me nervous too. When someone rings me (as opposed to my ringing them) and they say 'For security purposes Mr Smith, can I ask you to confirm your date of birth, postcode, 1st line of address, mother's maiden name etc' I have a stock answer .... 'No, for security purposes, I won't provide that information'. They're all pillocks. Quote Link to comment Share on other sites More sharing options...
nohpc Posted April 30, 2007 Share Posted April 30, 2007 Yes, it makes me nervous too. When someone rings me (as opposed to my ringing them) and they say 'For security purposes Mr Smith, can I ask you to confirm your date of birth, postcode, 1st line of address, mother's maiden name etc' I have a stock answer ....'No, for security purposes, I won't provide that information'. They're all pillocks. I do that too. Quote Link to comment Share on other sites More sharing options...
Guest Cletus VanDamme Posted April 30, 2007 Share Posted April 30, 2007 Yes, it makes me nervous too. When someone rings me (as opposed to my ringing them) and they say 'For security purposes Mr Smith, can I ask you to confirm your date of birth, postcode, 1st line of address, mother's maiden name etc' I have a stock answer ....'No, for security purposes, I won't provide that information'. Yeah, it really winds them up doesn't it! It's very worrying though, almost enough to make you withdraw from the whole system completely and stock up ... on... gold! NOOOoooo I didn't say that .. Quote Link to comment Share on other sites More sharing options...
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