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The Great London House-Price Softening
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 davidpercival  Croydon 05 Dec 18 7.27pm |
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that doesn't work as a metaphor if it happens slowly. Originally posted by .TUX.
Globally.
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PalazioVecchio  south pole 06 Dec 18 12.08am |
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Originally posted by Lyons550
I would concur...I agree they will drop...but 'surprising' NO, 'crash' NO...the market will simply cost (and has been doing so for the last 15months) the 'potential' effects of Brexit into the mix. PV...what's your def of a 'surprise' and 'crash' and I may also have a tenner on it 12 months from today. Average All London prices....down 3% overall. and a tenner to my local cancer research charity shop if i am wrong ( without collecting the smelly jumper).
Kayla did Anfield & Old Trafford |
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| Lyons550 Shirley 06 Dec 18 3.12pm |
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Originally posted by .TUX.
So we'll ignore the financial problems that currently plague the globe and continually concentrate on what amounts to a 'blip' in the grand scheme of things? Blinkered thinking at best. Ok...remove the 'blinkers' then whats your metric?
The Voice of Reason In An Otherwise Mediocre World |
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| Lyons550 Shirley 06 Dec 18 3.13pm |
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Originally posted by PalazioVecchio
12 months from today. Average All London prices....down 3% overall. and a tenner to my local cancer research charity shop if i am wrong ( without collecting the smelly jumper). 3% !!! Is that it? I thought you mentioned a CRASH? Back up your doom mongering with a sensible CRASH like figure and i'm in
The Voice of Reason In An Otherwise Mediocre World |
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| PalazioVecchio south pole 06 Dec 18 3.20pm |
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Originally posted by Lyons550
3% !!! Is that it? I thought you mentioned a CRASH? Back up your doom mongering with a sensible CRASH like figure and i'm in the 1989 crash lasted for seven years. 3% per year, compound. You do the maths. For a One Million quid house, that will be a wheelbarrow full of cash.
Kayla did Anfield & Old Trafford |
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| Lyons550 Shirley 06 Dec 18 3.35pm |
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Originally posted by PalazioVecchio
the 1989 crash lasted for seven years. 3% per year, compound. You do the maths. For a One Million quid house, that will be a wheelbarrow full of cash.
I thought you were telling us something that wasn't already common thought. Also using London (the most over inflated sector) is an easy win....disappointing If TUX's theory about global economics is also at play then 3% over a 12mnth period doesn't cut it for me. Now if you said over the next 2 years i'd expect the average house price across Greater Londonwas to fall by -15% then I'd be listening.
The Voice of Reason In An Otherwise Mediocre World |
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| .TUX. 06 Dec 18 7.55pm |
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Originally posted by the.universal
Come on TUX, let’s have another charity bet for next year, name your metric! I've already cancelled Christmas due to you bud, i have nothing left to give :'( Edited by .TUX. (06 Dec 2018 7.56pm)
Buy Litecoin. |
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| .TUX. 06 Dec 18 8.02pm |
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Originally posted by Lyons550
I thought you were telling us something that wasn't already common thought. Also using London (the most over inflated sector) is an easy win....disappointing If TUX's theory about global economics is also at play then 3% over a 12mnth period doesn't cut it for me. Now if you said over the next 2 years i'd expect the average house price across Greater Londonwas to fall by -15% then I'd be listening.
Rising wedges, inverted yield curves, the list goes on and on.
Buy Litecoin. |
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| PalazioVecchio south pole 07 Dec 18 12.21am |
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Originally posted by .TUX.
Rising wedges, inverted yield curves, the list goes on and on. look at the data link of prices i posted above. 1989 to 1993....£63,000 down to £50,000 that is a price drop of nearly 21 %. It cost the PM her job. I can clearly remember a whole generation locked into negative equity.
Kayla did Anfield & Old Trafford |
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| the.universal 07 Dec 18 12.22am |
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Originally posted by .TUX.
I've already cancelled Christmas due to you bud, i have nothing left to give :'( Edited by .TUX. (06 Dec 2018 7.56pm) That’s all good mate, no worries on paying out (assuming I win) if that’s a stretch. More of a gentleman’s bet really. Double or quits?
Vive le Roy! |
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| PalazioVecchio south pole 14 Feb 19 11.13am |
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Originally posted by dreamwaverider
I sold the last of my bricks and mortar last month as I am expecting a serious slump. I am going to win my bet. The London slump is all over the property pages again today.
Kayla did Anfield & Old Trafford |
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| dannyboy1978 14 Feb 19 11.26am |
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Oh those poor developers rushing to finish projects to cut their losses. Win-win for the first time buyers
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| Lyons550 Shirley 14 Feb 19 3.31pm |
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Originally posted by PalazioVecchio
I am going to win my bet. The London slump is all over the property pages again today. ...but as covered a few posts up...you were never really telling us anything that wasn't common sense/knowledge...shooting fish in a barrel isn't something to get excited about; though you do clearly have an issue with the property market..
The Voice of Reason In An Otherwise Mediocre World |
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| Tom-the-eagle Croydon 14 Feb 19 6.07pm |
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Originally posted by dannyboy1978
Oh those poor developers rushing to finish projects to cut their losses. Win-win for the first time buyers Yes its a win for first time buyers - its a lose however for first time buyers (or anyone) who has purchased within the last five years and can now no longer sell due to negative equity or can afford to rent it out due to falling rents and new tax implications on rental properties. Just like any market - there are winners and losers.
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| Tom-the-eagle Croydon 14 Feb 19 6.09pm |
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Originally posted by Lyons550
...but as covered a few posts up...you were never really telling us anything that wasn't common sense/knowledge...shooting fish in a barrel isn't something to get excited about; though you do clearly have an issue with the property market.. Next he'll be telling us that the internet will take off
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| ChrisGC Wantage 14 Feb 19 7.14pm |
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Originally posted by dreamwaverider
I sold the last of my bricks and mortar last month as I am expecting a serious slump. On pallets or loose?
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 SW19 CPFC Addiscombe West 14 Feb 19 9.59pm |
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Originally posted by Stirlingsays
Yep. We need new cities let alone new homes! The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own. Tory, Labour or whatever, they are all culpable and all a complete and utter shower. Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office. Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay. Completely agree But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it.
Did you know? 98.0000001% of people are morons. |
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| W12 14 Feb 19 10.09pm | |
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Originally posted by SW19 CPFC
Completely agree But no government will go anywhere near this far - political suicide. No measure that is introduced that results in lowering house prices will be tolerated by a significant portion of the voting electorate (ie the middle classes). It’s such a massive part of our culture that it’s impossible to change it. The political class no longer seem to see beyond their own life span. It’s interesting that most of the major leaders of the West other than Trump have no children. Perhaps a coincidence. Perhaps.
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| Lyons550 Shirley 15 Feb 19 3.45pm |
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Originally posted by Tom-the-eagle
Yes its a win for first time buyers - its a lose however for first time buyers (or anyone) who has purchased within the last five years and can now no longer sell due to negative equity or can afford to rent it out due to falling rents and new tax implications on rental properties. Just like any market - there are winners and losers.
The Voice of Reason In An Otherwise Mediocre World |
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| Lyons550 Shirley 15 Feb 19 3.46pm |
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Originally posted by Tom-the-eagle
Next he'll be telling us that the internet will take off ...and that 'Garlic bread is the future'
The Voice of Reason In An Otherwise Mediocre World |
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