Property Crash - no smoke without fire - Contractor UK Bulletin Board

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RetSet replied

5 October 2017, 20:07
Originally posted by milanbenes View Post

seems the property crash is starting off at the top of the market in Laaaaaandaaaan

https://www.theguardian.com/business...izLo4QJA%3D%3D

you heard it here first

well if one good thing comes from it, it will make home ownership more accessible which is only a good thing

looks like SAS cashed in just at the right time

Milan.

Nope.

Mid cycle wobble, that's all.

The next crash isn't due for another 8 years or so.
Leave a comment:
Mordac replied

3 October 2017, 22:20
Originally posted by DimPrawn View Post

Prices going up 20% in a year, then falling 5%, is not a price crash.

No, but for your average Remainer, any positive negative, or even a negative negative, is far better than a negative positive. And a negative positive is better than a positive positive, because to a Remainer, a positive positive cannot be allowed to exist. It's right up there with Einsteins "fart in a lift" theory, as in "I don't believe it should ever exist" therefore "it doesn't exist". QED, right?
Leave a comment:
DimPrawn replied

3 October 2017, 20:39
Prices going up 20% in a year, then falling 5%, is not a price crash.
Leave a comment:
shaunbhoy replied

3 October 2017, 18:14
Originally posted by Mordac View Post

Don't piss on Beansey's bonfire,

Indeed. He could get hold of the wrong end of the stick if it only had one end.
Leave a comment:
The_Equalizer replied

3 October 2017, 10:29
The less expensive the housing the better as far as I'm concerned.
Leave a comment:
eek replied

3 October 2017, 10:25
Originally posted by Lance View Post

He can get a terrace house in the North East for that sort of money.

To be honest you probably could get 2 not that you would want either....
Leave a comment:
Mordac replied

3 October 2017, 10:24
Originally posted by Lance View Post

He can get a terrace house in the North East for that sort of money.

Can you imagine Beansey pitching up in the North East? There'll be nothing left to bury...
Leave a comment:
Lance replied

3 October 2017, 10:02
Originally posted by Mordac View Post

Don't piss on Beansey's bonfire, he's hoping to get into the BTL market and there's a bedsit in Slough he's got an eye on, he just needs it to come down about forty grand or so...

HTH.

He can get a terrace house in the North East for that sort of money.
Leave a comment:
Mordac replied

3 October 2017, 10:00
Originally posted by Lance View Post

don't be ridiculous.

Until there's more supply there's no 'crash'. A minor correction, after some ridiculous speculative growth, in a very limited area does not make a crash.

Don't piss on Beansey's bonfire, he's hoping to get into the BTL market and there's a bedsit in Slough he's got an eye on, he just needs it to come down about forty grand or so...

HTH.
Leave a comment:
Lance replied

3 October 2017, 08:12
Originally posted by milanbenes View Post

seems the property crash is starting off at the top of the market in Laaaaaandaaaan

https://www.theguardian.com/business...izLo4QJA%3D%3D

you heard it here first

well if one good thing comes from it, it will make home ownership more accessible which is only a good thing

looks like SAS cashed in just at the right time

Milan.

don't be ridiculous.

Until there's more supply there's no 'crash'. A minor correction, after some ridiculous speculative growth, in a very limited area does not make a crash.
Leave a comment:
original PM replied

3 October 2017, 08:02
It's all doom and gloom.

'Zoopla said there were now 14,417 streets in Britain where the average property value is £1m or more – up from 12,418 in 2016. Of those, 5,899 are in Greater London. The Yorkshire and the Humber region has 77 £1m streets, north-east England has 45 and Wales has 11.

In line with this trend, 19 of the 20 towns with the highest number of £1m-plus streets are in southern England. Guildford in Surrey takes the top spot with 204, with Reading in Berkshire in second place with 187.'

Oh wait no no - just a few rather over priced streets in London being normalised.

Found a jar of them for you to go at.
Leave a comment:
zeitghost replied

3 October 2017, 07:48
Originally posted by milanbenes View Post

seems the property crash is starting off at the top of the market in Laaaaaandaaaan

https://www.theguardian.com/business...izLo4QJA%3D%3D

you heard it here first

well if one good thing comes from it, it will make home ownership more accessible which is only a good thing

looks like SAS cashed in just at the right time

Milan.

Just in case this gets deleted, like.

As so frequently happens.
Leave a comment:
milanbenes started a topic Property Crash - no smoke without fire

3 October 2017, 06:59
Property Crash - no smoke without fire

seems the property crash is starting off at the top of the market in Laaaaaandaaaan

https://www.theguardian.com/business...izLo4QJA%3D%3D

you heard it here first

well if one good thing comes from it, it will make home ownership more accessible which is only a good thing

looks like SAS cashed in just at the right time

Milan.
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