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Henrik

Work Mates Going Bearish

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I work for a company that employs (in general) lots of bright people. I'd think most people here earn above average London salaries.

Up until now, I've refused to discuss house prices with anyone here, as it usually leads to arguments and everyone else thinking I'm an idiot for not buying into the "prices always go up" holy cow. However, I do keep listening to people talking.

Up until recently it used to be all "yeah I'm getting into BTL" kind of talk, but lately two things have surprised me. I have heard of one person STR'ing and another big bunch of people all saying that property prices are crazy, and there's no way they'd ever buy at these levels :)

This is the first sign I've personally seen of sentiment in London turning, although arguably the sample size is quite small. Hopefully not too long to go until everyone's uber-bearish :)

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I work for a company that employs (in general) lots of bright people. I'd think most people here earn above average London salaries.

Up until now, I've refused to discuss house prices with anyone here, as it usually leads to arguments and everyone else thinking I'm an idiot for not buying into the "prices always go up" holy cow. However, I do keep listening to people talking.

Up until recently it used to be all "yeah I'm getting into BTL" kind of talk, but lately two things have surprised me. I have heard of one person STR'ing and another big bunch of people all saying that property prices are crazy, and there's no way they'd ever buy at these levels :)

This is the first sign I've personally seen of sentiment in London turning, although arguably the sample size is quite small. Hopefully not too long to go until everyone's uber-bearish :)

It's funny how, all of a sudden, everyone you talk to says that "I always knew property prices were to high". :rolleyes:

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