manchester boom

[stek]

Well it all seems developing well now, why would it crash.
this is what they are building next to my house:

Seen it in Leeds 10 years ago - plans for huge towers, some got built, most didn't, lots last huge deposits buying off-plan, too risky, it's not finished yet but the end isn't far off.

Ask yourself what's more likely. Prices spiralling upwards and beyond, staying as they are, or crashing? Bear in mind that the Boom and Bust cycle continues, one of the great mysteries of capitalistic economies.

[The_Equalizer]

Or just stick up interest rates by 3% and job done. In fact it's almost laughable that interest rates of anything about 3% would probably bring it all down.

[jamesbrown]

Or just stick up interest rates by 3% and job done. In fact it's almost laughable that interest rates of anything about 3% would probably bring it all down.

Exactly why they won't stick up rates.

Love the quote from Soc. Gen:

I have not one scintilla of doubt that these central bankers will destroy the enfeebled world economy with their clumsy interventions and that political chaos will be the ugly result,” said Edwards, strategist at the bank Société Générale.

[unemployed]

Exactly why they won't stick up rates.

Love the quote from Soc. Gen:

Buy shares in chubb if rates go negative

And learn how to be a cat burglar

Zirp and Qe have done nothing apart from make houses twice as expensive as 2008.
It's all gone to pot now, and will run its natural course to failure and civil unrest.

[MrMarkyMark]

Well it all seems developing well now, why would it crash.
this is what they are building next to my house:

Nice pic.
This is where you show your young age, unfortunately.

Prices can go down, as well as up.

[OwlHoot]

So whats going on with manchester recently? I'm trying to buy a 120k property but each time im getting overbidden by 20-30k over asking price!!, or property is gone before i even have a chance to see it within a day.

Is it like this in London atm ? will this last or its a sign of an end of the boom?

/discuss

Could it be something to do with the BBC moving from London to Manchester?

All those overpaid Beeboids snapping up properties for themselves and BTLs?

edit: Bolton, a short way down the road from Manchester, is about the only place where property prices have reduced slightly over the last two or three years. So that looks ripe for a good property investment.

[OwlHoot]

Buy shares in chubb if rates go negative

And learn how to be a cat burglar ...

Absolutely - An awful lot of people will start hiding money in their mattresses.

[ChimpMaster]

Absolutely - An awful lot of people will start hiding money in their mattresses.

And that's why the government want to eradicate cash and create a completely digital-finance economy.

[unemployed]

And that's why the government want to eradicate cash and create a completely digital-finance economy.

i think you will find that`s to wipe out the black market mostly

nothing to stop digital cash being converted to assets and swapped about like paper cash
sounds like those bitcoin guys are looking to the future

[Mordac]

So whats going on with manchester recently? I'm trying to buy a 120k property but each time im getting overbidden by 20-30k over asking price!!, or property is gone before i even have a chance to see it within a day.
Is it like this in London atm ? will this last or its a sign of an end of the boom?

/discuss

£120k? You need half a mill before the local estate agents will even let you leave a message. And you need the full mill before they actually return your calls...