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Housing bubble?

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    Housing bubble?

    Many properties are on the market for just few days and are sold above the asking price.

    FT ran an article this weekend saying "the domestic buyers" may be priced out. It doesn't look like the 2013 was the big bonus year for most bankers.

    So who is behind the insatiable demand for houses in London this time?

    Will the bubble burst?

    #2
    Originally posted by mickey View Post
    Many properties are on the market for just few days and are sold above the asking price.

    FT ran an article this weekend saying "the domestic buyers" may be priced out. It doesn't look like the 2013 was the big bonus year for most bankers.

    So who is behind the insatiable demand for houses in London this time?

    Will the bubble burst?
    They say the world's reserve currency is the dollar. But its actually the London housing market.

    Comment


      #3
      Originally posted by BrilloPad View Post
      They say the world's reserve currency is the dollar. But its actually the London housing market.
      gold, silver and the above

      Comment


        #4
        Apparently people are buying lots of BitCoins to protect against the ongoing devaluation of the main currencys of the developed world.

        Comment


          #5
          Originally posted by BrilloPad View Post
          They say the world's reserve currency is the dollar. But its actually the London housing market.
          Obviously a safe place to invest money. No chance of currency losses at all, is there?
          Speaking gibberish on internet talkboards since last Michaelmas. Plus here on Twitter

          Comment


            #6
            Don't forget the puncture repair kit. (A scaled up version of EO's tent)

            Comment


              #7
              Originally posted by MrMark View Post
              Obviously a safe place to invest money. No chance of currency losses at all, is there?
              I love it when geeks try to be clever about the economy.
              You're poor and these investors are rich.
              There's a reason for that, capisch?
              Hard Brexit now!
              #prayfornodeal

              Comment


                #8
                Originally posted by mickey View Post
                Many properties are on the market for just few days and are sold above the asking price.
                In London only. Subsets of the wider market can always work completely differently to the norm.
                Originally posted by MaryPoppins
                I'd still not breastfeed a nazi
                Originally posted by vetran
                Urine is quite nourishing

                Comment


                  #9
                  Originally posted by sasguru View Post
                  I love it when geeks try to be clever about the economy.
                  You're poor and these investors are rich.
                  There's a reason for that, capisch?
                  I love it with the chief cretin tries to be clever.

                  Most of these investors got their money illegally.

                  So we should give up working hard and try gun running?

                  At least you did not pretend you were among the rich.

                  Comment


                    #10
                    Originally posted by sasguru View Post
                    I love it when geeks try to be clever about the economy.
                    You're poor and these investors are rich.
                    There's a reason for that, capisch?
                    WHS.

                    London property market is the global money laundering centre of the world. Where else can you easily swap dirty money for a prime peice of real estate, dodge the stamp duty easily, pay no CGT on the profits, have a govt that prints money to support the asset price, and be a non-dom and pay no taxes when you are here?

                    Sorry, but this is what our govt is all about. Pandering to their billionaire friends.

                    It's not open to plebs like us.

                    Comment

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