The Great London House-Price Softening
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 cryrst  The garden of England 10 Apr 21 6.41pm |
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Originally posted by SW19 CPFC
Croydon is a London Borough. Kent is far from the garden of England. Full of wideboys, wasters, the elderly and artsy types desperate to hipsterise absolute dives such as Margate as they are unable to afford to do so in London any more. Surrey, Sussex amongst others have far more to offer. Kent isn't like just 'margate'
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croydon proud  Any european country i fancy! 10 Apr 21 6.53pm |
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Originally posted by SW19 CPFC
The other thing I don’t understand with all this clamour to buy at what is now the peak of the stamp duty boom... Sure you’re saving a few thousand in duty but you’re paying way more than you should on the purchase price. So actually you’re LOSING money buying now (unless you’re getting a flat) because the additional money you’re committing to the mortgage will cost way more over time than the instant saving. Especially as prices will dip as soon as this handout phase is over. Buying shortly after the duty handout came in was the best time - now it’s just mental. Yes. its going to go bust soon enough, even sell and slum it for a year somewhere, but sell and buy is just feeding the beast!
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| croydon proud Any european country i fancy! 10 Apr 21 6.57pm |
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Originally posted by cryrst
Kent isn't like just 'margate' Some areas of kent are lovely, some are shyte and full of pykey types, some areas of croydon are lovely, some are shyte full of pikey types, some areas of chelsea are nice, some are shyte holes l;ike the worlds end estate, full of pykey types, or rednecks, its life, even some areas of sunderland are probably lovely, and some.......
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 AERO  10 Apr 21 8.32pm |
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I am selling my flat hopefully at an inflated price and moving into a rental for a year or two.
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| Tim Gypsy Hill '64 Stoke sub normal 10 Apr 21 9.36pm |
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Originally posted by SW19 CPFC
If you own a flat in London you’re in trouble - better to hold rather than sell at this point. Houses doing alright. I’d also dispute the south of Croydon cut off, we recently had ours revalued and it’s increased 10% over the last 12 months, and that’s probably the conservative end of the spectrum. I see the whole ‘move to the burbs’ is a temporary trend rather than a permanent shift. Yes we won’t be going back to every company demanding being in the office five days a week but most will want people in for a minimum of 3 or 4 days a week within the next 12 months, and expect employees to be living a commutable distance away. Once cities start opening back up again there will be a flip back. This whole narrative of ‘cities are dead’ is massively overblown. The people working for a lot of big city corporates who have taken the risk of selling up and moved three hours away in the expectation of permanent WFH are going to have a bit of a shock over the coming months. Edited by SW19 CPFC (09 Apr 2021 12.20pm) Nobody is in trouble if they own property. Whether it is a flat, a garage, a shop,...(notwithstanding derelict properties etc.) it matters not. Property rarely loses value, and if it does, it recovers in a short amount of time. There has been slumps in housing prices in the past, and the only people who suffered were those that panicked and estate agents. But I have no sympathy for them anyway. As soon as you buy a property with a mortgage, the only change in the monthly cost is due to interest rate change. That can go up and that can go down. Whereas rent goes up with inflation. Every time inflation increases, rent increases. It NEVER goes down. If somebody can afford to pay a mortgage, and has a deposit, they should buy a property if that is what they wish to do. I am of the opinion that leejaneagles got talked out of buying his 'ideal home' a year ago by negative opinions like yours. He would be enjoying his independence now, and his mortgage, which he could afford at the time, would still be the same. He would have lost nothing. Even if the value of his flat had decreased, he would still have a flat which he could afford. And was where he wanted to live. All assuming he didn't lose his job. Which can happen regardless of pandemics and property price fluctuations. But if you never take that risk, you will never leave home.
Systematically dragged down by the lawmakers |
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| croydon proud Any european country i fancy! 10 Apr 21 10.05pm |
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Originally posted by AERO
I am selling my flat hopefully at an inflated price and moving into a rental for a year or two. Sensible move mate, i was thinking of cashing in to.
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| AERO 10 Apr 21 10.19pm |
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Providing i sell am hoping the inflated price will cover my rental for a year or two and will revisit then . I know a slight gamble but hay ho !!!
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| croydon proud Any european country i fancy! 10 Apr 21 11.21pm |
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Originally posted by AERO
Providing i sell am hoping the inflated price will cover my rental for a year or two and will revisit then . I know a slight gamble but hay ho !!! Even if you wing it, slum it, suffer a bit, if a big crash comes , which it will one day, you might buy the same flat again or same sort and have a pension to boot! Depending on your work or family situation, you can get a place up north for £50 grand, even less, could always have that to live in, wait for crash, and move back down if you wanted, lincs and hull are worth looking at.
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| croydon proud Any european country i fancy! 11 Apr 21 12.00am |
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Originally posted by croydon proud
Even if you wing it, slum it, suffer a bit, if a big crash comes , which it will one day, you might buy the same flat again or same sort and have a pension to boot! Depending on your work or family situation, you can get a place up north for £50 grand, even less, could always have that to live in, wait for crash, and move back down if you wanted, lincs and hull are worth looking at. Nice flat in hull, near the hospital, £32.500, mind boggling if you are free to move anywhere-home workers perhaps.
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| Rudi Hedman Caterham 11 Apr 21 12.16am |
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Originally posted by croydon proud
Nice flat in hull, near the hospital, £32.500, mind boggling if you are free to move anywhere-home workers perhaps. £32.50 for a flat in Hull. Cheaper than a ticket in the Arfur and a long queue to stand in p1ss in the toilets.
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| Tom-the-eagle Croydon 11 Apr 21 12.27am |
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Originally posted by Rudi Hedman
£32.50 for a flat in Hull. Cheaper than a ticket in the Arfur and a long queue to stand in p1ss in the toilets. Lyons (Hol poster) buys property in Hull
"It feels much better than it ever did, much more sensitive." John Wayne Bobbit |
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| AERO 11 Apr 21 12.15pm |
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Yes thats the Master plan probably not so far North but Croydon Flats will certainly be dropping in value with all the new builds going up in and around Central Croydon.
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