London's property market crash has arrived London's property market crash has arrived
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  1. #1

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    OwlHoot - scorchio!

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    Default London's property market crash has arrived

    More doom and gloom or, depending on how you look at it, delightful news from ZeroHedge

    2018-02-20 London's Property Crash Has Begun

    Although they are undoubtedly permabears, and their apocalyptic warnings are often overstated, I reckon this time they're pretty much on the button.
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  2. #2

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    Just in time for crypto Lambos
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  3. #3

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    1 Jack Kada is too good to be a permie


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    Quote Originally Posted by OwlHoot View Post
    More doom and gloom or, depending on how you look at it, delightful news from ZeroHedge

    2018-02-20 London's Property Crash Has Begun

    Although they are undoubtedly permabears, and their apocalyptic warnings are often overstated, I reckon this time they're pretty much on the button.
    This is definitely happening - Housing has gone out of style

    Everyone who wanted to buy one has suddenly stopped being interested

  4. #4

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    Quote Originally Posted by 1 Jack Kada View Post
    This is definitely happening - Housing has gone out of style

    Everyone who wanted to buy one has suddenly stopped being interested
    I will be interested when the prices are 25% of what they are now
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  5. #5

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    Loan Ranger is a permanent contractor


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    The gap between London and the rest of the country probably needs to narrow.

    https://www.ons.gov.uk/economy/infla...english-region

  6. #6

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    I wish I'd bought a flat in/near Moorgate when I was working there in the previous decade.

    My wife and I still wouldn't mind a London pad for retirement. Would be nice to get it 50% off.

    But for all those uneducated and unwashed masses that are wishing for a property crash: be warned that such a scenario would impact the entire country and even those who don't yet have their own home. It would unleash complete carnage for the economy.

    So vote for Corbyn if you like, but don't for a second believe that he will "save" you or your country.

  7. #7

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    madame SasGuru is good enough for Jehovah!


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    Quote Originally Posted by ChimpMaster View Post
    I wish I'd bought a flat in/near Moorgate when I was working there in the previous decade.

    My wife and I still wouldn't mind a London pad for retirement. Would be nice to get it 50% off.

    But for all those uneducated and unwashed masses that are wishing for a property crash: be warned that such a scenario would impact the entire country and even those who don't yet have their own home. It would unleash complete carnage for the economy.

    So vote for Corbyn if you like, but don't for a second believe that he will "save" you or your country.
    Why? it would be no different from 1989 through to 1994 after the previous crash - granted in the worst examples some people remained in negative equity until the late 1990's

    Also look at both Eire and Northern Ireland. Prices in Northern Ireland are still 30% below their 2007 peak...

  8. #8

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    A full blown Japan style crash is unlikely but a correction of 10-20% is possible and would be welcome. Just what is driving up the prices? An increase of 2k per month is being mentioned which just makes it look like a ponzi scheme.
    Vote Corbyn ! Save this country !

  9. #9

    Richer than sasguru

    DimPrawn is a fount of knowledge

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    It's nice to see the UK property crash theme make a comeback.

    I can't see it ever happening with high immigration (they need houses to rent), low house building and a govt controlled by the banks.

    Not until Korbyn arrives, and we become the European version of Venezuela....
    Three-and-a-half years, two extensions, seven defections, 21 deselections, three prime ministers, countless amendments, two prorogations, one Supreme Court judgement, 66 million Brits losing the will to live and were still at square one...

  10. #10

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    Woohoo! I might be able to negotiate a rent reduction next year when I'm up for renewal.

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