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December 16 2019 1.33pm

The Great London House-Price Softening

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View kenbarr's Profile kenbarr Flag Jackson Heights, Queens, New York ... 29 Mar 19 8.06pm Send a Private Message to kenbarr Holmesdale Online Elite Member Add kenbarr as a friend

Originally posted by PalazioVecchio

follow the link. London is by far the worst performer in the whole UK. Down nearly 4% in 12 months.

You can blame Brexit, but I predict no recovery while the stabbings continue.

[Link]

Iím sorry but this one falls under the heading ďLies, damn lies & statistics. One area of the country has a fall of over 5 times the entire country 0.7% versus 3.8%) in percentage terms just doesnít cut it for this old debater. If I were debating pro-Remain Iíd have far better figures than this.

 


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View PalazioVecchio's Profile PalazioVecchio Flag south pole 17 Jul 19 1.53pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by kenbarr

Iím sorry but this one falls under the heading ďLies, damn lies & statistics. One area of the country has a fall of over 5 times the entire country 0.7% versus 3.8%) in percentage terms just doesnít cut it for this old debater. If I were debating pro-Remain Iíd have far better figures than this.


forget about abstract Brexit debates. The evidence is of a property market crash, just like the one that started in 1989 and kept going to 1996, wiping a ton of value off homes.

good news if you want to become a first time buyer. So there will be winners also.

[Link]

 


from the Etihad, Emirates, Molyneux, London Stadium, turf moor & Anfield to Old Trafford.....Raptors on the Road

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View ASCPFC's Profile ASCPFC Flag Pro-Cathedral/caravan park 17 Jul 19 1.59pm Send a Private Message to ASCPFC Add ASCPFC as a friend

Originally posted by PalazioVecchio


forget about abstract Brexit debates. The evidence is of a property market crash, just like the one that started in 1989 and kept going to 1996, wiping a ton of value off homes.

good news if you want to become a first time buyer. So there will be winners also.

[Link]

The houses never really become 'affordable' in reality though. Hilariously, I can remember the days when houses were a few grand. I can also remember extensive government and council housing schemes. That seems like it belongs to a by-gone era now and I'm really not that old.
If you had a decent job - say 50 grand, can you then afford 400-500 grand on a semi? You are not going to get a mortgage 8-10 times your wages.

 


Red and Blue Army!

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View .TUX.'s Profile .TUX. Flag 18 Jul 19 7.25am Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by PalazioVecchio


forget about abstract Brexit debates. The evidence is of a property market crash, just like the one that started in 1989 and kept going to 1996, wiping a ton of value off homes.

good news if you want to become a first time buyer. So there will be winners also.

[Link]

One day, just not anytime soon.
The odds favour further drops for a long while yet.

 


Buy Litecoin.

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View Cucking Funt's Profile Cucking Funt Flag The Walton Hop 18 Jul 19 2.14pm Send a Private Message to Cucking Funt Add Cucking Funt as a friend

Originally posted by .TUX.

One day, just not anytime soon.
The odds favour further drops for a long while yet.

I sold up in February. Already the valuation, according to Zoopla, is down £20k. I think I may have left London at the right time.

 


Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 18 Jul 19 2.44pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

Originally posted by Cucking Funt

I sold up in February. Already the valuation, according to Zoopla, is down £20k. I think I may have left London at the right time.

Maybe itís just the Cucking effect with neighbourhoods dropping in value once you leave.

 


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

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View Cucking Funt's Profile Cucking Funt Flag The Walton Hop 18 Jul 19 3.11pm Send a Private Message to Cucking Funt Add Cucking Funt as a friend

Originally posted by Tom-the-eagle

Maybe itís just the Cucking effect with neighbourhoods dropping in value once you leave.

One mustn't rule it out, Tom. Now there's nowhere in Wallington where folks can re-enact the 1934 Nuremberg Rally in peace and safety.

 


Wife beating may be socially acceptable in Sheffield, but it is a different matter in Cheltenham

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View Stirlingsays's Profile Stirlingsays Flag 18 Jul 19 4.10pm Send a Private Message to Stirlingsays Holmesdale Online Elite Member Add Stirlingsays as a friend

Originally posted by Cucking Funt

One mustn't rule it out, Tom. Now there's nowhere in Wallington where folks can re-enact the 1934 Nuremberg Rally in peace and safety.

I had noticed the steady rise in sales of bratwurst and sauerkraut myself.

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 13 Sep 19 10.15pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by .TUX.

One day, just not anytime soon.
The odds favour further drops for a long while yet.

correct...

[Link]

 


from the Etihad, Emirates, Molyneux, London Stadium, turf moor & Anfield to Old Trafford.....Raptors on the Road

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 13 Sep 19 10.58pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

Originally posted by PalazioVecchio

correct...

[Link]

This does not have anything to do with house prices in general.
The report states that flats have fallen slightly, however if you carry on reading it states that non flats, ie houses, have been rising.

The reason flats have been falling would be due to a lack of demand in the buy to let sector plus many Ďamateurí landlords selling up due to the change in property tax laws (abolishing Mortgage relief).

 


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

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