Reply to: For globalised house price fanatic

[PurpleGorilla]

Interesting that Australia and Canada seem to be so high when they have infinite amounts of space for a relatively small population. Whereas here apparently prices are rocketing because of over-crowding.

Most of Australia is sand and dirt. It is curious though.

Cheap debt = expensive prices?

[VectraMan]

Found this, quite interesting tool and data.

Location, location, location: Global house prices | The Economist

Interesting that Australia and Canada seem to be so high when they have infinite amounts of space for a relatively small population. Whereas here apparently prices are rocketing because of over-crowding.

[unemployed]

Here lies the answer....

or

[DimPrawn]

How much will your house be worth in 2030? Map of UK house price forecasts | Daily Mail Online

Good news!

In the year 2030 all our houses are going to be worth millions! It is true, it is in the Daily Mail!

[greenlake]

i don`t relish the thought of working to pay for something i could have paid 2/3 less for back in 2008.

Here lies the answer....

[PurpleGorilla]

You know it's crazy when Lutonistan has one of the fastest growing house prices in England.

Property prices skyrocket in towns near London | Money | The Guardian

Lol

[DimPrawn]

The really worrying thing is that the South West is now as expensive as London if you want a decent pad. there are still tulip holes for 250k but you wouldn't want to park your contractor-mobile out the front of them...

You know it's crazy when Lutonistan has one of the fastest growing house prices in England.

Property prices skyrocket in towns near London | Money | The Guardian

[bobspud]

The really worrying thing is that the South West is now as expensive as London if you want a decent pad. there are still tulip holes for 250k but you wouldn't want to park your contractor-mobile out the front of them...

[PurpleGorilla]

Not a bit. As you may recall, I sympathise with the plight of young people priced out of the property market, and I think people with the attitude you sketch are out of touch, stupid, smug old gits.

Sorry I lose track. [emoji109]🏾 appreciate the empathy.

[DimPrawn]

but houses only go up ??

It's called:

The AtW Effect™

[OwlHoot]

Well done [emoji106]🏾 can you now tell me that I am lazy, need to put my new iWhatsit down, and work harder, as property is only going up and prices are cheap right now. That would be great.

Not a bit. As you may recall, I sympathise with the plight of young people priced out of the property market, and I think people with the attitude you sketch are out of touch, stupid, smug old gits.

[OwlHoot]

Good man! Hopefully to some dumb foreign "investor" who will eventually lose most of their money.

To a rich young investor for cash, who then spent £80K doing it up beautifully in marble and granite and God knows what, but was then clobbered with a £40K service charge share to renovate the building and replace the roof, which wiped out his profit and then some

It was then on the market for over a year, and he had to reduce the asking price by £30K. But he recently told me he has now managed to flog it to some rich Chinese guy, and was relieved to be shot of the place.

[PurpleGorilla]

but houses only go up ??

Until you buy, then they crash, then you will be told you are an idiot that should have saw it coming. [emoji48]

[unemployed]

Good man! Hopefully to some dumb foreign "investor" who will eventually lose most of their money.

but houses only go up ??

[DimPrawn]

Already done it, and no mortgage now! Caught pretty much the top of the crazy central London market.

Good man! Hopefully to some dumb foreign "investor" who will eventually lose most of their money.