Reply to: Home Buying Nightmare

[OwlHoot]

£280k for a 1 bed flat?!!!

We paid that for our 3 storey, victorian house!

And to be honest, in beautiful Northumberland, you could get acres of land for that!

You London lot are absolutely, utterly, mad barking whoop whoop mental!

One of my studio flats in South Ken was valued the other week at £280K. It's the market that's absolutely, utterly, mad barking whoop whoop mental!

[Bagpuss]

I wonder how much bigger they are than the average prison cell

[SallyAnne]

You should see the Dog Kennels they are building opposite me on Queensbridge Road. £247,00 for one bedroom. No en-suite bathroom. No seperate kitchen. Cooking area at one end of the living room.

see <a href="http://www.adelaidewharf.com/apartments.html" target="_blank">here</a>

If it's all one big room, then technically it DOES have an ensuite

[TheRightStuff]

You should see the Dog Kennels they are building opposite me on Queensbridge Road. £247,00 for one bedroom. No en-suite bathroom. No seperate kitchen. Cooking area at one end of the living room.

see <a href="http://www.adelaidewharf.com/apartments.html" target="_blank">here</a>

just looked at these and they are awful. I like the two bed to bed en-suite upgrade - same sq ft but whack another bathroom in the corridor. Genius if your a mug.

[TheRightStuff]

probably wouldn't notice the difference in a new build if they did have walls or not - paper thin.

[Bagpuss]

yeah, they've given up on doing walls these days

[zathras]

Selling my flat in Bethnal Green. Made a nice tidy 40k to use for deposit which allows me to look in the 280k - 300k mark for a new 1 bed in the same area.[/i]

Sunny "Ranting" San

You should see the Dog Kennels they are building opposite me on Queensbridge Road. £247,00 for one bedroom. No en-suite bathroom. No seperate kitchen. Cooking area at one end of the living room.

see <a href="http://www.adelaidewharf.com/apartments.html" target="_blank">here</a>

[Bagpuss]

Business Expectations
Money Supply / cost of lending
Rental prices/ availability
BTL yields

all wonderfull!

Business expectations=low, money supply/ cost of lending= being contracted/ going up , Rental prices=low, BTL yields - low


Yes, I conclude more rises on the way!

[sasguru]

SB you da man.

I see Sb, you've acquired your very own gimp. Congrats ....

[Bagpuss]

demand > supply, prices rise.

HTH

Constriction of money supply, price falls

Red Sky at Night, Shepherds delight

Me Tarzan, you Jane

[DimPrawn]

SB you da man.

[shaunbhoy]

demand > supply, prices rise.

HTH

Did you Google that conclusion sg, or break with your norm and work it out for yourself?

[sasguru]

demand > supply, prices rise.

HTH

[Euro-commuter]

Or to put it another way, you are too poor to afford a shabby little flat in a grotty crime ridden tulipe hole. Aim lower.

HTH

LOL!

[Euro-commuter]

And remember, a 50% cut is bigger than a 50% increase.

Is it 50% bigger?