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The Great London House-Price Softening
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.TUX.  28 Oct 18 4.39pm |
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Originally posted by PalazioVecchio
and the softening continues apace. At this rate a London house will be worth a dacha in rural Ukraine soon. Rumour is that all the Russian money in central London is in flight. Edited by PalazioVecchio (27 Oct 2018 2.37pm) Globally.
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 PalazioVecchio  south pole 03 Dec 18 9.49pm |
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Originally posted by .TUX.
Globally. i predict 2019 will be a surprising crash. Knocking a ton off the values. 1989 to 1997 was a clusterf...ck. This one will not be half as bad - and maybe houses will become affordable for twenty-somethings again.
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| the.universal 03 Dec 18 10.16pm |
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Originally posted by PalazioVecchio
i predict 2019 will be a surprising crash. Knocking a ton off the values. 1989 to 1997 was a clusterf...ck. This one will not be half as bad - and maybe houses will become affordable for twenty-somethings again. Fancy a bet for charity? Loser gives tenner to the winner’s charity. I need a new one for next year as my one with Tux on litecoin is up at the end of this year. Choose your metric to define “a surprising crash” and let’s go!
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| PalazioVecchio south pole 03 Dec 18 10.52pm |
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Originally posted by the.universal
Fancy a bet for charity? Loser gives tenner to the winner’s charity. I need a new one for next year as my one with Tux on litecoin is up at the end of this year. Choose your metric to define “a surprising crash” and let’s go! i know a bloke in SE19 who paid 430 k for a place just before the Brexit vote, and today the flats are selling for 100k less than that. We have had nearly 20 years of growth and homes are looking unaffordable even for well paid professional couples on two salaries.
Weak housing market or weak sterling.....something's got to give.
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| the.universal 03 Dec 18 11.19pm |
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Originally posted by PalazioVecchio
i know a bloke in SE19 who paid 430 k for a place just before the Brexit vote, and today the flats are selling for 100k less than that. We have had nearly 20 years of growth and homes are looking unaffordable even for well paid professional couples on two salaries.
Weak housing market or weak sterling.....something's got to give. I disagree, so let’s have a bet! What would define a “surprising crash” for you next year. Say, average UK house proves to drop by x%
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| Lyons550 Shirley 04 Dec 18 9.33am |
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Originally posted by the.universal
I disagree, so let’s have a bet! What would define a “surprising crash” for you next year. Say, average UK house proves to drop by x% I would concur...I agree they will drop...but 'surprising' NO, 'crash' NO...the market will simply cost (and has been doing so for the last 15months) the 'potential' effects of Brexit into the mix. PV...what's your def of a 'surprise' and 'crash' and I may also have a tenner on it
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| .TUX. 04 Dec 18 7.44pm |
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Originally posted by Lyons550
I would concur...I agree they will drop...but 'surprising' NO, 'crash' NO...the market will simply cost (and has been doing so for the last 15months) the 'potential' effects of Brexit into the mix. PV...what's your def of a 'surprise' and 'crash' and I may also have a tenner on it So we'll ignore the financial problems that currently plague the globe and continually concentrate on what amounts to a 'blip' in the grand scheme of things? Blinkered thinking at best.
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| the.universal 04 Dec 18 9.55pm |
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Originally posted by .TUX.
So we'll ignore the financial problems that currently plague the globe and continually concentrate on what amounts to a 'blip' in the grand scheme of things? Blinkered thinking at best. Come on TUX, let’s have another charity bet for next year, name your metric!
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| davidpercival Croydon 05 Dec 18 7.27pm |
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that doesn't work as a metaphor if it happens slowly. Originally posted by .TUX.
Globally.
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| PalazioVecchio south pole 06 Dec 18 12.08am |
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Originally posted by Lyons550
I would concur...I agree they will drop...but 'surprising' NO, 'crash' NO...the market will simply cost (and has been doing so for the last 15months) the 'potential' effects of Brexit into the mix. PV...what's your def of a 'surprise' and 'crash' and I may also have a tenner on it 12 months from today. Average All London prices....down 3% overall. and a tenner to my local cancer research charity shop if i am wrong ( without collecting the smelly jumper).
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| Lyons550 Shirley 06 Dec 18 3.12pm |
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Originally posted by .TUX.
So we'll ignore the financial problems that currently plague the globe and continually concentrate on what amounts to a 'blip' in the grand scheme of things? Blinkered thinking at best. Ok...remove the 'blinkers' then whats your metric?
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| Lyons550 Shirley 06 Dec 18 3.13pm |
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Originally posted by PalazioVecchio
12 months from today. Average All London prices....down 3% overall. and a tenner to my local cancer research charity shop if i am wrong ( without collecting the smelly jumper). 3% !!! Is that it? I thought you mentioned a CRASH? Back up your doom mongering with a sensible CRASH like figure and i'm in
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