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London Property Market

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View Kermit8's Profile Kermit8 Flag Hevon 07 Nov 15 8.23pm Send a Private Message to Kermit8 Add Kermit8 as a friend

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14,500,0000

for a two bedroomed flat. Sold.

 


Big chest and massive boobs

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View JL85's Profile JL85 Flag London,SE9 07 Nov 15 8.37pm Send a Private Message to JL85 Add JL85 as a friend

I can't complain. Prices are going f***ing metal all over London. Has allowed me to get my dream house, which I'll be moving into next week.

Edited by JL85 (07 Nov 2015 8.37pm)

 

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cornwalls palace Flag Torpoint 07 Nov 15 10.21pm

..sadly, if demand is there, then...

 


.......has our coach driver done a Poo'yet, without thinking about Gus!

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View bilbo's Profile bilbo Flag 07 Nov 15 10.35pm Send a Private Message to bilbo Add bilbo as a friend

Buy a nice tent and plonk it where you wish.

 

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View Vaibow's Profile Vaibow Flag vancouver/croydon 08 Nov 15 2.05am Send a Private Message to Vaibow Add Vaibow as a friend

It's a shame for future generations, but right now, sell up, make a tidy profit, go move just outside the m25 and have a nice retirement when it comes around.
It's like out here in canada, whole place is expanding and towns being heavily populated by migrations and people wanting to live by a city. My place has gone up 40k in a year!! It doesn't help though when foreign investors by a house over the phone and putting down whatever it takes.

 


This was once a quality forum....

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View kenners46's Profile kenners46 Flag sydenham village 08 Nov 15 8.25am Send a Private Message to kenners46 Add kenners46 as a friend

House down my road is on the market for 645,000 in Sydenham, its making me think about wanting to move out of London...unbelievable

 

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Hoof Hearted 08 Nov 15 9.51am

The top end of the market is being bought by foreign investors, many of whom leave the properties empty and aren't worried about rental income, just the growth in value which will continue to rise due to demand.

We need to make this practice less attractive by imposing heavy taxation on the capital gains for non UK citizens and heavy penalties for not occupying the property within a reasonable time.

This might slow demand and filter down to lower priced properties but there is a massive shortage of housing in London and no end of takers to rent and opportunists to buy to let.

If we keep taking in immigrants at the current scale the situation will get worse.

If people also react by moving further out to the suburbs and/or the rest of the UK pressure/demand on housing there will force prices higher.

I cannot see that anyone younger than age 30 now will ever own a house in the future unless they inherit it or win the lotto.

I'm sure Kermit wants to blame Thatcher for this - and she played a part selling off council housing but Blair's immigration policy has exacerbated the problem on a major scale.

 

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View -TUX-'s Profile -TUX- Flag Alphabettispaghetti 08 Nov 15 10.18am Send a Private Message to -TUX- Add -TUX- as a friend

Higher house prices = bigger mortgages = bigger profits for, surprise surprise, the bankers.

This elite group are constantly robbing us blind.


 


Time to move forward together.

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View Kermit8's Profile Kermit8 Flag Hevon 08 Nov 15 11.18am Send a Private Message to Kermit8 Add Kermit8 as a friend

Who mentioned Thatcher?


"The Housing Act 1988 expanded private sector financial input into social housing development, and introduced assured tenancies and a higher rent regime. This left the housing benefit bill to take the strain, which swelled to five times its original size to almost 25bn a year today.

Thatcher used mortgage interest tax relief at source to subsidise home ownership.

Almost half of the subsidy went to the already well-paid households with the largest mortgages, therefore subsidising the increasing inequality between high-income and low-income home owners.

Thatcher's housing legacy is one of tenure polarisation and growing inequality, worsening housing market affordability, housing supply shortfalls and an ever deepening housing crisis"

Kevin Gulliver is a director at the Human City Institute

 


Big chest and massive boobs

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View -TUX-'s Profile -TUX- Flag Alphabettispaghetti 08 Nov 15 1.42pm Send a Private Message to -TUX- Add -TUX- as a friend

Quote Kermit8 at 08 Nov 2015 11.18am

Who mentioned Thatcher?


"The Housing Act 1988 expanded private sector financial input into social housing development, and introduced assured tenancies and a higher rent regime. This left the housing benefit bill to take the strain, which swelled to five times its original size to almost 25bn a year today.

Thatcher used mortgage interest tax relief at source to subsidise home ownership.

Almost half of the subsidy went to the already well-paid households with the largest mortgages, therefore subsidising the increasing inequality between high-income and low-income home owners.

Thatcher's housing legacy is one of tenure polarisation and growing inequality, worsening housing market affordability, housing supply shortfalls and an ever deepening housing crisis"

Kevin Gulliver is a director at the Human City Institute


The fact that Thatcher happened to be in power at the time is irrelevant imo.
Selling these houses/flats to those that would possibly never be able to own one was always on the cards. It had fk'all to do with any achieving any 'personal aspirations of homeownership', it was purely another means of indebting many many more of the population to the banking sector.
And as always, it's worked a treat for them.




Edited by -TUX- (08 Nov 2015 1.43pm)

 


Time to move forward together.

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View johnfirewall's Profile johnfirewall Flag 08 Nov 15 1.59pm Send a Private Message to johnfirewall Add johnfirewall as a friend

Never mind Thatcher. What about right to buy now? Shouldn't be right that a council property is the best chance of getting your foot on the ladder.

I don't usually disagree with Boris but new flats that are immediately sold to Asian investors is just wrong and only benefits the developer, owner and councils. You can't keep building in London with minimum prices of 300k while people are forced to pay 500 quid a month for a damp shoebox.

Everyone talks about taxing the rich, while they happily pay someone's 20th mortgage. Tax the developers too so there's an incentive to build cheaper and if they don't want to build, then the councils should have to rather than simply sanctioning the building of thousands of new flats while having no further say in the cost or who gets them. Another case for taking power back from them.

Edited by johnfirewall (08 Nov 2015 2.00pm)

 

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cornwalls palace Flag Torpoint 08 Nov 15 2.10pm

..many of my older customers (I run a Garden Business) are having to dip into their owned homes to help them cope and pay towards helping siblings etc and the amount of them that lose everything completely through nursing home costs and the like is freighting, makes owning a little silly in lots of cases, when you consider the interest paid, but having said all that you'll left with renting and that is scary sh1t! we are being ferked utterly and about time somebody came up with another system, too much cash is invested and locked away and not in circulation.

 


.......has our coach driver done a Poo'yet, without thinking about Gus!

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