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September 16 2019 3.07am

The Great London House-Price Softening

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 06 Dec 18 3.20pm Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

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.

 


from the Etihad, Emirates, Molyneux & Anfield to Old Trafford.....Raptors on the Road

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View Lyons550's Profile Lyons550 Flag Shirley 06 Dec 18 3.35pm Send a Private Message to Lyons550 Add Lyons550 as a friend

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.


But its expected that there will be a drop over the next 2 to 3 years as a result of Brexit anyway. Blimey i mentioned this on here last year!

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.


Edited by Lyons550 (06 Dec 2018 3.36pm)

 


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View .TUX.'s Profile .TUX. Flag 06 Dec 18 7.55pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by the.universal

Come on TUX, letís 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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View .TUX.'s Profile .TUX. Flag 06 Dec 18 8.02pm Send a Private Message to .TUX. Add .TUX. as a friend

Originally posted by Lyons550


But its expected that there will be a drop over the next 2 to 3 years as a result of Brexit anyway. Blimey i mentioned this on here last year!

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.


Edited by Lyons550 (06 Dec 2018 3.36pm)

Rising wedges, inverted yield curves, the list goes on and on.
This bubble is looking for a pin.

 


Buy Litecoin.

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 07 Dec 18 12.21am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by .TUX.

Rising wedges, inverted yield curves, the list goes on and on.
This bubble is looking for a pin.

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.

 


from the Etihad, Emirates, Molyneux & Anfield to Old Trafford.....Raptors on the Road

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View the.universal's Profile the.universal 07 Dec 18 12.22am Send a Private Message to the.universal Add the.universal as a friend

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)

Thatís all good mate, no worries on paying out (assuming I win) if thatís a stretch. More of a gentlemanís bet really. Double or quits?

 


Vive le Roy!

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View PalazioVecchio's Profile PalazioVecchio Flag south pole 14 Feb 19 11.13am Send a Private Message to PalazioVecchio Add PalazioVecchio as a friend

Originally posted by dreamwaverider

I sold the last of my bricks and mortar last month as I am expecting a serious slump.
This country is looking bleak.

I am going to win my bet. The London slump is all over the property pages again today.

 


from the Etihad, Emirates, Molyneux & Anfield to Old Trafford.....Raptors on the Road

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View dannyboy1978's Profile dannyboy1978 Flag 14 Feb 19 11.26am Send a Private Message to dannyboy1978 Add dannyboy1978 as a friend

Oh those poor developers rushing to finish projects to cut their losses.

Win-win for the first time buyers

 

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View Lyons550's Profile Lyons550 Flag Shirley 14 Feb 19 3.31pm Send a Private Message to Lyons550 Add Lyons550 as a friend

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..

 


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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 14 Feb 19 6.07pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

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.


I'm one of those poor developers you mention however I have not purchased any properties in the south for nearly two years due to not wanting to buy during a falling market. Recently I have been buying exclusively up north where house prices have carried on rising and yields are almost double. I am however, now looking to buy locally again, just waiting until we hit the bottom.

 


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

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View Tom-the-eagle's Profile Tom-the-eagle Flag Croydon 14 Feb 19 6.09pm Send a Private Message to Tom-the-eagle Add Tom-the-eagle as a friend

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 Flag Wantage 14 Feb 19 7.14pm

Originally posted by dreamwaverider

I sold the last of my bricks and mortar last month as I am expecting a serious slump.
This country is looking bleak.

On pallets or loose?

 

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