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London Property Market

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cornwalls palace Flag Torpoint 08 Nov 15 2.20pm

Quote johnfirewall at 08 Nov 2015 1.59pm

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)


...affordable home owners would need to be forced to stay in them because immediately they will discover gold in the basement.

 


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

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cornwalls palace Flag Torpoint 08 Nov 15 2.27pm

Quote -TUX- at 08 Nov 2015 10.18am

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

This elite group are constantly robbing us blind.


..yep, and laughing so much they can't see where they're going.


 


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

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View Ouzo Dan's Profile Ouzo Dan 08 Nov 15 6.56pm Send a Private Message to Ouzo Dan Add Ouzo Dan as a friend

All I want is something similar to the picture attached, it costs about about £10,000 theres no landlords, no banks just a debt free simple life, I dont think that is much to ask is it?

Despite working 6 days a week I can neither afford to rent because Landlords are f***ing me for £800 a month for a room or go down the mortgage route because all I can get is £80,000 & be a slave to a mortgage provider for the next 25 years which even if I did buy now it would take me up to 58 when im finally free of the bank, its all a bit s*** really.

With the population on the rise things need to change quite drastically in this country if we are to have any hope of housing everyone.

There is a f*** ton of money to be had in alternative housing that undercuts the current stranglehold landlords & banks have on the market, its just going to take someone with a bit of money & be brave enough to try something different.

gallery_54f0d9d889efa_-_01-millertinyhouse-048-edit1-lgn.jpg Attachment: gallery_54f0d9d889efa_-_01-millertinyhouse-048-edit1-lgn.jpg (87.21Kb)

 


Sex Panther 60% of the time it works every time

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View Vaibow's Profile Vaibow Flag vancouver/croydon 08 Nov 15 8.54pm Send a Private Message to Vaibow Add Vaibow as a friend

That's basically a caravan, but it just goes to show with quality materials and a bit of thought, what can be achieved.

Thing is, not everyone is proud enough of content with themselves to live like that - people want more to look better, etc.

My dad - who is a land lord, a very good, fair one at that has turned lots of his units into smaller studio flats as that what the demand is increasing in. A lot of people want just a bed to sleep in and a kitchen area.

On the other scale, my wife, her aunt has bought an apartment in london, by the thames, a flash looking studio flat, tiny, but nearly half a million.

You could argue it's a good investment, but seriously, she only bought it cos it looks 'glam'.

Apparently a lot of europeans rent for life and pass on the lease to their families as it's easier/cheaper. not too sure the whole evidence or validation of that.

 


This was once a quality forum....

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View johnfirewall's Profile johnfirewall Flag 08 Nov 15 9.02pm Send a Private Message to johnfirewall Add johnfirewall as a friend

Quote Vaibow at 08 Nov 2015 8.54pm

That's basically a caravan, but it just goes to show with quality materials and a bit of thought, what can be achieved.

Thing is, not everyone is proud enough of content with themselves to live like that - people want more to look better, etc.

My dad - who is a land lord, a very good, fair one at that has turned lots of his units into smaller studio flats as that what the demand is increasing in. A lot of people want just a bed to sleep in and a kitchen area.

On the other scale, my wife, her aunt has bought an apartment in london, by the thames, a flash looking studio flat, tiny, but nearly half a million.

You could argue it's a good investment, but seriously, she only bought it cos it looks 'glam'.

Apparently a lot of europeans rent for life and pass on the lease to their families as it's easier/cheaper. not too sure the whole evidence or validation of that.

But you're not even allowed a caravan. All the prefab estates have been knocked down so they can build flats.

 

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View Harpo's Profile Harpo Flag Oxfordshire 08 Nov 15 9.36pm Send a Private Message to Harpo Add Harpo as a friend

Quote johnfirewall at 08 Nov 2015 1.59pm

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)


We don't want to build cheaper - today's cheap housing is tomorrow's slum, with all the inherent problems that that brings.

What is needed is to lend cheaper, so that future generations will take a pride in their community.

Aspiration rather than desperation.

 

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View Panalex's Profile Panalex Flag Panama 08 Nov 15 9.48pm Send a Private Message to Panalex Add Panalex as a friend

Quote johnfirewall at 08 Nov 2015 1.59pm

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.


Edited by johnfirewall (08 Nov 2015 2.00pm)

Does it really cost 300k to build a shoebox? Asian real estate is not going up as it used to and at some point they will run out of money to spend. Get ready for the 2017 London real estate bust.


Edited by Panalex (08 Nov 2015 9.51pm)

 


How to be relegated: Transfer Gayle to Bristol City.
Keep Dwight Gayle!

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 08 Nov 15 10.20pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

the SouthEast of England is rapidly turning into Japan.

A place where young people have no chance of ever owning a home. Where people flat-share and live all packed in like battery hens. A place where people still live with their parents way way too long. Where the cost of living is way out of whack with earnings and there is tons of money in circulation yet everybody seems poor.

Edited by PalazioVecchio (08 Nov 2015 10.26pm)

 


7 points from Manchester this season

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View johnfirewall's Profile johnfirewall Flag 08 Nov 15 10.28pm Send a Private Message to johnfirewall Add johnfirewall as a friend

Perhaps there are just too many people.

 

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View johnfirewall's Profile johnfirewall Flag 08 Nov 15 10.35pm Send a Private Message to johnfirewall Add johnfirewall as a friend

Quote Harpo at 08 Nov 2015 9.36pm

Quote johnfirewall at 08 Nov 2015 1.59pm

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)


We don't want to build cheaper - today's cheap housing is tomorrow's slum, with all the inherent problems that that brings.

What is needed is to lend cheaper, so that future generations will take a pride in their community.

Aspiration rather than desperation.

That's not the case. Near me they've built several adjacent blocks with one being the cheaper. Another I saw recently had different entrances for social housing tenants. With every part of London allegedly subject to 'gentrification' few would agree that slums would be created.

Most the places are built cheaply anyway but that doesn't lower the market price any more than the fact that a place has damp means the landlord is going to rent it for any less than the minimum monthly rate.

There are no communities. This is London.

Edited by johnfirewall (08 Nov 2015 10.38pm)

 

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Tom-the-eagle Flag Croydon 08 Nov 15 10.50pm

Quote -TUX- at 08 Nov 2015 10.18am

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

This elite group are constantly robbing us blind.


If you donít like bankers then donít borrow money - simple. Nobody forces you to.
People only rob you blind if you let them.
I own a couple of businesses and also let several properties, I negotiate my banking fees with my business manager to make sure that I do not pay too much, I constantly switch mortgage providers with my buy-to-lets to get better deals and if I ever borrow money on a credit card, I make sure that itís on 0% interest.
Instead of moaning about bankers just shop around and beat them. Itís really not that difficult.



Edited by Tom-the-eagle (08 Nov 2015 10.51pm)

Edited by Tom-the-eagle (08 Nov 2015 10.59pm)

 


"It feels much better than it ever did, much more sensitive." John Wayne Bobbit

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View Sportyteacher's Profile Sportyteacher Flag London 09 Nov 15 7.18am Send a Private Message to Sportyteacher Add Sportyteacher as a friend

London property market currently being snapped up by Russian oligarchs and the wealthy industrial Chinese. Watch out for a continuing exodus of teachers; nurses; care workers; police etc (aka. key service professionals) as they are priced out of being able to afford to live and survive within the capital.

 

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