Reply to: Nationwide Building Society House Price Index Sept 20

[ladymuck]

This is for a two bed flat with a garden, about 583 sq ft, in W14. Still way overpriced.

[fullyautomatix]

I wonder if people are locking in a move while they still have a job and can get a mortgage?

Yes, seen many threads on forums where people are coming on saying they are at risk of redundancy so wish to get a mortgage in quick. Quite how they plan on paying off the monthly mortgage payment without a job I do not know.

[fullyautomatix]

Dog tulip on the footpath is not specific to cities - I live in a village. Our FB page has the constant cycle of 2 topics .... dog poo and car parking. Every feckin day. Without fail.

EVERY FECKIN DAY!!!!!!!!

Never ever seen a dog owner who loves to pick their dog poo. Encountered plenty of doggers who deliberately choose an unusual time or secluded woodland spaces to take their dog out, glance fiercely to check if they are being monitored and then scurry off leaving behind a steaming large pile of dog turd. mad

[Whorty]

Definitely an Edinburgh thing

There's a blind guy living on my street, his guide dog is trained to take tulips on the side of the road (which is fair, this way the blind owner doesn't have to pick it up and in theory roads should get washed).

Obviously all the retard neighbours started to do the same, their dogs tulip everywhere and they don't pick anything up. If you don't step on it on the sidewalk, you'll get it on your tyres when you park the car.

Nice living in the city....

Dog tulip on the footpath is not specific to cities - I live in a village. Our FB page has the constant cycle of 2 topics .... dog poo and car parking. Every feckin day. Without fail.

EVERY FECKIN DAY!!!!!!!!

[PCTNN]

No dog poo, (that must be a Scottish thing).

Definitely an Edinburgh thing

There's a blind guy living on my street, his guide dog is trained to take tulips on the side of the road (which is fair, this way the blind owner doesn't have to pick it up and in theory roads should get washed).

Obviously all the retard neighbours started to do the same, their dogs tulip everywhere and they don't pick anything up. If you don't step on it on the sidewalk, you'll get it on your tyres when you park the car.

Nice living in the city....

[PCTNN]

I'm not talking about the exceptions like yourself. I'm talking about the situation of the average person that lives in a city flat.

I'd be surprised if any of the people posting on this forum lived in a tulip hole. We're contractors, we're the top 5-10% of income earners.

[Paddy]

It's good for people in city centres to have easy access to booze. Will make it easier for them to tolerate a miserable life stuck in small flats with annoying neighbours and dog tulip all over the sidewalks.

I own two shops next to each other on the High Street, one is a coffee shop, one an office. Two basements, and three floors above ground, two attics with stairs and two rear gardens; that 16 rooms in total. No dog poo, (that must be a Scottish thing).

What do you live in?

[PCTNN]

and nine pubs.

It's good for people in city centres to have easy access to booze. Will make it easier for them to tolerate a miserable life stuck in small flats with annoying neighbours and dog tulip all over the sidewalks.

[Paddy]

And I disagree with you

People who can now work from home and will be able to do so on a regular basis will prefer to move out in smaller communities where they get better quality houses, more space, better services and a better quality of life. So, young professionals tired of the city and families.

Only people who will stay in city centres will mostly be students, tourists (maybe), young professionals who still care about going for pints everyday after work, workers who won't be able to work from home (like retail workers, teachers, whatever will remain of the hospitality industry) and people who want to move out but can't afford it. So yeah, in my opinion city centres will become a bit more chavvy.

Can't speak for the whole country, but this is what's happening in Edinburgh, where all the properties in the surrounding towns are now being sold in record time, while more and more flats in the city centre stay in the market longer than they used to and have to go "fixed price" instead of "offers over"

I will keep an eye out for this, there are seven estate agents within five minutes walk from me... and nine pubs.

[PCTNN]

I disagree. Many people do not want to commute and prefer the city centre. Even if half the coffee shops and bars close, people like to go out and not drink drive and not queue and pay for a taxi home.

And I disagree with you

People who can now work from home and will be able to do so on a regular basis will prefer to move out in smaller communities where they get better quality houses, more space, better services and a better quality of life. So, young professionals tired of the city and families.

Only people who will stay in city centres will mostly be students, tourists (maybe), young professionals who still care about going for pints everyday after work, workers who won't be able to work from home (like retail workers, teachers, whatever will remain of the hospitality industry) and people who want to move out but can't afford it. So yeah, in my opinion city centres will become a bit more chavvy.

Can't speak for the whole country, but this is what's happening in Edinburgh, where all the properties in the surrounding towns are now being sold in record time, while more and more flats in the city centre stay in the market longer than they used to and have to go "fixed price" instead of "offers over"

[Paddy]

It's stupid to buy now, especially flats in city centres. The way things are going, I'm afraid a fair number of small businesses will close down (a lot already have) which will drive down property values because nobody wants to live in a small flat in a city where half the coffee shops, restaurants and local businesses have shut down.

Different story for houses in towns outside the city, where you already get more value for your money and these type of properties/locations are just going to get more in demand, at least in the short-mid term. These properties are still worth investing in.

I disagree. Many people do not want to commute and prefer the city centre. Even if half the coffee shops and bars close, people like to go out and not drink drive and not queue and pay for a taxi home.

[PCTNN]

It's stupid to buy now, especially flats in city centres. The way things are going, I'm afraid a fair number of small businesses will close down (a lot already have) which will drive down property values because nobody wants to live in a small flat in a city where half the coffee shops, restaurants and local businesses have shut down.

Different story for houses in towns outside the city, where you already get more value for your money and these type of properties/locations are just going to get more in demand, at least in the short-mid term. These properties are still worth investing in.

[rogerfederer]

It's mad to buy now, unless in an undervalued area.

Wages have deflated, not inflated, for most professionals I know once inflation is accounted for. Given the forthcoming hardship that most posters here expect it would be extremely dumb, unless you are very cash rich, to buy a property right now.

[Paddy]

I wonder if people are locking in a move while they still have a job and can get a mortgage?

Good point, they may be downsizing to lower liabilities.

[Paddy]

Also surprising because banks are pulling deals and upping interest rates on a daily basis so who the feck is buying?

Anyone with spare capital is buying. It's like a game of Monopoly, those who have will win, those who don't become lose worse off.

I cannot foresee any real growth for the majority of Brits for at least 20 years to come.