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December 12 2018 2.42am

The Great London House-Price Softening

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View .TUX.'s Profile .TUX. Flag 28 Oct 18 4.39pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by PalazioVecchio

and the softening continues apace. At this rate a London house will be worth a dacha in rural Ukraine soon. Rumour is that all the Russian money in central London is in flight.

[Link]

Edited by PalazioVecchio (27 Oct 2018 2.37pm)

Globally.
The s*** is slowly hitting the fan peeps.

 


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View PalazioVecchio's Profile PalazioVecchio Flag south pole 03 Dec 18 9.49pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by .TUX.

Globally.
The s*** is slowly hitting the fan peeps.

i predict 2019 will be a surprising crash. Knocking a ton off the values.

1989 to 1997 was a clusterf...ck.

This one will not be half as bad - and maybe houses will become affordable for twenty-somethings again.

 


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View the.universal's Profile the.universal 03 Dec 18 10.16pm Send a Private Message to the.universal Add the.universal as a friend

Originally posted by PalazioVecchio

i predict 2019 will be a surprising crash. Knocking a ton off the values.

1989 to 1997 was a clusterf...ck.

This one will not be half as bad - and maybe houses will become affordable for twenty-somethings again.

Fancy a bet for charity? Loser gives tenner to the winner’s charity. I need a new one for next year as my one with Tux on litecoin is up at the end of this year.

Choose your metric to define “a surprising crash” and let’s go!

 


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View PalazioVecchio's Profile PalazioVecchio Flag south pole 03 Dec 18 10.52pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by the.universal

Fancy a bet for charity? Loser gives tenner to the winner’s charity. I need a new one for next year as my one with Tux on litecoin is up at the end of this year.

Choose your metric to define “a surprising crash” and let’s go!

i know a bloke in SE19 who paid 430 k for a place just before the Brexit vote, and today the flats are selling for 100k less than that. We have had nearly 20 years of growth and homes are looking unaffordable even for well paid professional couples on two salaries.


follow the link below. From Q3 1989 TO 12 months later it is down 7%. Half of that is 3.5% ....but all depending on a strong Sterling.

Weak housing market or weak sterling.....something's got to give.

[Link]

 


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View the.universal's Profile the.universal 03 Dec 18 11.19pm Send a Private Message to the.universal Add the.universal as a friend

Originally posted by PalazioVecchio

i know a bloke in SE19 who paid 430 k for a place just before the Brexit vote, and today the flats are selling for 100k less than that. We have had nearly 20 years of growth and homes are looking unaffordable even for well paid professional couples on two salaries.


follow the link below. From Q3 1989 TO 12 months later it is down 7%. Half of that is 3.5% ....but all depending on a strong Sterling.

Weak housing market or weak sterling.....something's got to give.

[Link]

I disagree, so let’s have a bet! What would define a “surprising crash” for you next year. Say, average UK house proves to drop by x%

 


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View Lyons550's Profile Lyons550 Flag Shirley 04 Dec 18 9.33am Send a Private Message to Lyons550 Add Lyons550 as a friend

Originally posted by the.universal

I disagree, so let’s have a bet! What would define a “surprising crash” for you next year. Say, average UK house proves to drop by x%

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

 


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View .TUX.'s Profile .TUX. Flag 04 Dec 18 7.44pm Send a Private Message to .TUX. Add .TUX. as a friend

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

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.

 


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View the.universal's Profile the.universal 04 Dec 18 9.55pm Send a Private Message to the.universal Add the.universal as a friend

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.

Come on TUX, let’s have another charity bet for next year, name your metric!

 


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View davidpercival's Profile davidpercival Flag Croydon 05 Dec 18 7.27pm Send a Private Message to davidpercival Add davidpercival as a friend

that doesn't work as a metaphor if it happens slowly.

Originally posted by .TUX.

Globally.
The s*** is slowly hitting the fan peeps.

 

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 06 Dec 18 12.08am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

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).

 


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View Lyons550's Profile Lyons550 Flag Shirley 06 Dec 18 3.12pm Send a Private Message to Lyons550 Add Lyons550 as a friend

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?

 


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View Lyons550's Profile Lyons550 Flag Shirley 06 Dec 18 3.13pm Send a Private Message to Lyons550 Add Lyons550 as a friend

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

 


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