Crazy London house prices

[Troll]

Wifey has just finished organising the London Zone 4 two bed ground floor rabbit hutch maisonette renovation for her Auntie who is now in a care home after a stroke.

Unrelated is that the upstairs maisonette has just sold this week as the couple + new baby are moving out to the sticks for more room

It was put on the market for £290,000 (which shocked me) received 4 offers in a week and eventually sold to a young couple for £303,000

Wifey's plan is to rent the flat out for £1200 @ month (gasp) to pay the care home fees, but I'm suggesting selling at what is the top of the market and sending Auntie off to Switzerland on a little trip

Stupid stupid prices - can't see how it can be sustained

[AtW]

Stupid stupid prices - can't see how it can be sustained

This time it's different...

[PurpleGorilla]

Wifey has just finished organising the London Zone 4 two bed ground floor rabbit hutch maisonette renovation for her Auntie who is now in a care home after a stroke.

Unrelated is that the upstairs maisonette has just sold this week as the couple + new baby are moving out to the sticks for more room

It was put on the market for £290,000 (which shocked me) received 4 offers in a week and eventually sold to a young couple for £303,000

Wifey's plan is to rent the flat out for £1200 @ month (gasp) to pay the care home fees, but I'm suggesting selling at what is the top of the market and sending Auntie off to Switzerland on a little trip

Stupid stupid prices - can't see how it can be sustained

Affordability - debt is cheap - ergo prices are cheap. Fill your boots.

[DimPrawn]

If you knew with 100% certainty that you could buy something today, and sell it for double in a few years time, what would you pay?

We are witnessing the crazy inflation we talked about. It's manifesting itself in a huge property bubble, propped up with a flood of cheap borrowing.

Fill yer boots!

[AtW]

If you knew with 100% certainty that you could buy something today, and sell it for double in a few years time, what would you pay?

Whatever it costs to buy a ticket to that fairland where they have this deflation thingy ...

[jamesbrown]

If you knew with 100% certainty that you could buy something today, and sell it for double in a few years time, what would you pay?

We are witnessing the crazy inflation we talked about. It's manifesting itself in a huge property bubble, propped up with a flood of cheap borrowing.

Fill yer boots!

Fortunately, the preferred measure of inflation doesn't include house prices, so everything is fine in BoE fairyland. Deflation is upon us! Fill yer boots indeed.