The Great London House-Price Softening

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The Great London House-Price Softening

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Stirlingsays 18 Mar 18 5.46pm
Originally posted by Rudi Hedman I do hope there aren't any British retirees moaning about this and then when it comes to building new homes on green sites near them or golf courses they're moaning about that as well. It would remind me of the Caterham nimbys re the golf course housing plans on the chaldon road but being lib dem pro-Europe and relaxed immigration policies. Yep. We need new cities let alone new homes! The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own. Tory, Labour or whatever, they are all culpable and all a complete and utter shower. Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office. Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay. 'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)
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Stirlingsays

18 Mar 18 5.46pm

Originally posted by Rudi Hedman

I do hope there aren't any British retirees moaning about this and then when it comes to building new homes on green sites near them or golf courses they're moaning about that as well.

It would remind me of the Caterham nimbys re the golf course housing plans on the chaldon road but being lib dem pro-Europe and relaxed immigration policies.

Yep.

We need new cities let alone new homes!

The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own.

Tory, Labour or whatever, they are all culpable and all a complete and utter shower.

Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office.

Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay.

'Who are you and how did you get in here? I'm a locksmith. And, I'm a locksmith.' (Leslie Nielsen)

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Rudi Hedman Caterham 18 Mar 18 5.47pm
Originally posted by croydon proud you could sell up badger and buy a nice semi in hull for 125k , one town is much like another these days, even hull i imagine, all have a nice bit away from the riff raff, you could live like a king and play golf, eat out, travel a lot more, and still have loads of dosh in the bank, happy days! Hull? Fvck me there are limits. COYP
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Rudi Hedman

Caterham 18 Mar 18 5.47pm

Originally posted by croydon proud

you could sell up badger and buy a nice semi in hull for 125k , one town is much like another these days, even hull i imagine, all have a nice bit away from the riff raff, you could live like a king and play golf, eat out, travel a lot more, and still have loads of dosh in the bank, happy days!

Hull? Fvck me there are limits.

COYP

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Rudi Hedman Caterham 18 Mar 18 5.49pm
Originally posted by Stirlingsays Yep. We need new cities let alone new homes! The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own. Tory, Labour or whatever, they are all culpable and all a complete and utter shower. Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office. Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay. Yes it needs a cross-party policy as do other things. COYP
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Rudi Hedman

Caterham 18 Mar 18 5.49pm

Originally posted by Stirlingsays

Yep.

We need new cities let alone new homes!

Tory, Labour or whatever, they are all culpable and all a complete and utter shower.

Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office.

Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay.

Yes it needs a cross-party policy as do other things.

COYP

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Lyons550 Shirley 19 Mar 18 11.05am
Originally posted by Rudi Hedman Hull? Fvck me there are limits. Hull is definitely on the up and the surrounding areas are far nicer than Croydon etc... The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 19 Mar 18 11.05am

Originally posted by Rudi Hedman

Hull? Fvck me there are limits.

Hull is definitely on the up and the surrounding areas are far nicer than Croydon etc...

The Voice of Reason In An Otherwise Mediocre World

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crystal balls The Garden of Earthly Delights 19 Mar 18 5.05pm
Originally posted by Lyons550 You could always sign it over to them in order that inheritance isn't an issue...having said that its only an issue if you leave more than £400k... Well the Inheritance Tax threshold on your main residence increases again next year, so that for a couple who don't use their nil rate allowance to IHT on the first to die can transfer it to the survivor, so that on the second death a main residence worth up to £1,000,000 can pass on to the beneficiaries without a liability to IHT. Also, if you have a property worth more than £1m you can take a lifetime mortgage and release some of the value of the property(maybe give it to the children, or spend it on cocaine and hookers). The loan is repayable on death, which reduces the value of the property and consequently the tax liability. I used to be immortal
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crystal balls

The Garden of Earthly Delights 19 Mar 18 5.05pm

Originally posted by Lyons550

You could always sign it over to them in order that inheritance isn't an issue...having said that its only an issue if you leave more than £400k...

Well the Inheritance Tax threshold on your main residence increases again next year, so that for a couple who don't use their nil rate allowance to IHT on the first to die can transfer it to the survivor, so that on the second death a main residence worth up to £1,000,000 can pass on to the beneficiaries without a liability to IHT.

Also, if you have a property worth more than £1m you can take a lifetime mortgage and release some of the value of the property(maybe give it to the children, or spend it on cocaine and hookers). The loan is repayable on death, which reduces the value of the property and consequently the tax liability.

I used to be immortal

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PalazioVecchio south pole 19 Mar 18 5.31pm
Originally posted by Lyons550 Hull is definitely on the up and the surrounding areas are far nicer than Croydon etc... Mogadishu is on the up, since the civil war, and the surrounding areas are far nicer than Croydon.... Kayla did Anfield & Old Trafford
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PalazioVecchio

south pole 19 Mar 18 5.31pm

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Originally posted by Lyons550

Hull is definitely on the up and the surrounding areas are far nicer than Croydon etc...

Mogadishu is on the up, since the civil war, and the surrounding areas are far nicer than Croydon....

Kayla did Anfield & Old Trafford

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SeagullHunter Reading 23 Mar 18 1.46pm
Interesting perspective from a mate who worked for a large commercial property firm. They have done an extensive report on future of London house market through extensive financial models, inclusion of environmental reports, political climates etc etc. - 8% annual growth on avg London house price growth pre-brexit since 80s. 1% in 2016 0.5% in 2017 They reckon post 2018 we'll see first negative slips since 80s. But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha Edited by SeagullHunter (23 Mar 2018 1.46pm) Dont let Cabaye go
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SeagullHunter

Reading 23 Mar 18 1.46pm

Interesting perspective from a mate who worked for a large commercial property firm. They have done an extensive report on future of London house market through extensive financial models, inclusion of environmental reports, political climates etc etc. -

8% annual growth on avg London house price growth pre-brexit since 80s.
1% in 2016
0.5% in 2017
They reckon post 2018 we'll see first negative slips since 80s.

But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha

Edited by SeagullHunter (23 Mar 2018 1.46pm)

Dont let Cabaye go

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Rudi Hedman Caterham 23 Mar 18 1.50pm
Originally posted by SeagullHunter Interesting perspective from a mate who worked for a large commercial property firm. They have done an extensive report on future of London house market through extensive financial models, inclusion of environmental reports, political climates etc etc. - 8% annual growth on avg London house price growth pre-brexit since 80s. 1% in 2016 0.5% in 2017 They reckon post 2018 we'll see first negative slips since 80s. But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha Edited by SeagullHunter (23 Mar 2018 1.46pm) Price of property, housing and rent is artificially too high anyway. COYP
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Rudi Hedman

Caterham 23 Mar 18 1.50pm

Originally posted by SeagullHunter

8% annual growth on avg London house price growth pre-brexit since 80s.
1% in 2016
0.5% in 2017
They reckon post 2018 we'll see first negative slips since 80s.

But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha

Edited by SeagullHunter (23 Mar 2018 1.46pm)

Price of property, housing and rent is artificially too high anyway.

COYP

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.TUX. 23 Mar 18 1.59pm
Originally posted by SeagullHunter Interesting perspective from a mate who worked for a large commercial property firm. They have done an extensive report on future of London house market through extensive financial models, inclusion of environmental reports, political climates etc etc. - 8% annual growth on avg London house price growth pre-brexit since 80s. 1% in 2016 0.5% in 2017 They reckon post 2018 we'll see first negative slips since 80s. But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha Edited by SeagullHunter (23 Mar 2018 1.46pm) Did wages inflate at the same rate? Buy Litecoin.
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.TUX.

23 Mar 18 1.59pm

Originally posted by SeagullHunter

8% annual growth on avg London house price growth pre-brexit since 80s.
1% in 2016
0.5% in 2017
They reckon post 2018 we'll see first negative slips since 80s.

But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha

Edited by SeagullHunter (23 Mar 2018 1.46pm)

Did wages inflate at the same rate?

Buy Litecoin.

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Lyons550 Shirley 23 Mar 18 4.07pm
Originally posted by .TUX. Did wages inflate at the same rate? A fair point...people only see what they want to see. The reason for most property bubbles is FOMO (Fear of missing out) so they buy at above market value to ensure they are in place as the rise continues...then the next poor souls see prices continuing to rise based on previous sales and offer more again...and again ...and again..until they start to say fcuk off I cant afford that and then the bubble bursts and then sinks to a level that can be afforded (pretty much to where wage inflation has settles at the time) and then the cycle starts again! The Voice of Reason In An Otherwise Mediocre World
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Lyons550

Shirley 23 Mar 18 4.07pm

Originally posted by .TUX.

Did wages inflate at the same rate?

A fair point...people only see what they want to see. The reason for most property bubbles is FOMO (Fear of missing out) so they buy at above market value to ensure they are in place as the rise continues...then the next poor souls see prices continuing to rise based on previous sales and offer more again...and again ...and again..until they start to say fcuk off I cant afford that and then the bubble bursts and then sinks to a level that can be afforded (pretty much to where wage inflation has settles at the time) and then the cycle starts again!

The Voice of Reason In An Otherwise Mediocre World

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Mapletree Croydon 23 Mar 18 4.33pm
Originally posted by Stirlingsays Yep. We need new cities let alone new homes! The last few governments have allowed the nation's population to grow at such a rate ahead of house building that they have criminally forsaken younger people's chances of having a reasonable place of their own. Tory, Labour or whatever, they are all culpable and all a complete and utter shower. Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office. Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay. Or free condoms.
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Mapletree

Croydon 23 Mar 18 4.33pm

Originally posted by Stirlingsays

Yep.

We need new cities let alone new homes!

Tory, Labour or whatever, they are all culpable and all a complete and utter shower.

Governments have been allowing a 'ponzi scheme' on population growth in this country....because they won't be around to pick up the pieces after their terms of office.

Housing should always have been a priority, especially since the success of life expectancy adds to the growth problem of immigrants who stay.

Or free condoms.

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Tom-the-eagle Croydon 23 Mar 18 7.04pm
Originally posted by SeagullHunter Interesting perspective from a mate who worked for a large commercial property firm. They have done an extensive report on future of London house market through extensive financial models, inclusion of environmental reports, political climates etc etc. - 8% annual growth on avg London house price growth pre-brexit since 80s. 1% in 2016 0.5% in 2017 They reckon post 2018 we'll see first negative slips since 80s. But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha Edited by SeagullHunter (23 Mar 2018 1.46pm) You are implying that a fall in house prices is a bad thing. Why so? No doubt you also complain that housing is too expensive. You can't have it both ways. Edited by Tom-the-eagle (23 Mar 2018 7.04pm) "It feels much better than it ever did, much more sensitive." John Wayne Bobbit
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Tom-the-eagle

Croydon 23 Mar 18 7.04pm

Originally posted by SeagullHunter

8% annual growth on avg London house price growth pre-brexit since 80s.
1% in 2016
0.5% in 2017
They reckon post 2018 we'll see first negative slips since 80s.

But still 50 year old Carling drinkers will support Brexit being economically beneficial because they cant accept they were wrong haha

Edited by SeagullHunter (23 Mar 2018 1.46pm)

You are implying that a fall in house prices is a bad thing. Why so?

No doubt you also complain that housing is too expensive. You can't have it both ways.

Edited by Tom-the-eagle (23 Mar 2018 7.04pm)

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

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