Reply to: One bedroom flat in London

[BrilloPad]

The soothsayers were predicting the doom 3 years ago, it's taken the majority that long to catch up,

So they were wrong then?

What do they predict now? Cos I reckon the opposite will happen.

[Dow Jones]

Dead right

Flats under 250k in London (in 'cool' areas with bars etc) are supposed to be pretty solid due to the 'divorcee' market - i.e blokes mid 40's with half a house worth of cash and looking for some action.

Spot on mate.
Islington is a prime example. Heaving with bars and restaurants and no obvious signs of price falls. Very few new developments (hence no over-supply) and no lack of buyers. Same in Hampstead, Kensington and a few other places. IMO, in London/South East it's going to be the new towns in East London, Kent and Essex and all the outer London 'riverside' newly developed houses/flats that will suffer big drops.

[Bagpuss]

Point taken Bagpuss but its 'meeja' land hereabouts.

Prices in 2002 (in the street I was then living in) were around 220k. I guess people will pay it on the off chance they get to bump into Rula Lenska in Sainsbury or Ant and Dec in the pub .

I'd pay not to bump into those guys

[Zippy]

Especially in this strong market

Were the prices 300k in 2002? because that's the level they will probably see again.

Point taken Bagpuss but its 'meeja' land hereabouts.

Prices in 2002 (in the street I was then living in) were around 220k. I guess people will pay it on the off chance they get to bump into Rula Lenska in Sainsbury or Ant and Dec in the pub .

[HairyArsedBloke]

... looking for some action.

[Fishface]

Flats under 250k in London (in 'cool' areas with bars etc) are supposed to be pretty solid due to the 'divorcee' market - i.e blokes mid 40's with half a house worth of cash and looking for some action.

[Bagpuss]

The soothsayers were predicting the doom 3 years ago, it's taken the majority that long to catch up, they really are that dense. A Bubble fuelled by high levels of high leveraged debt will always end is disaster.

[snaw]

I love in London and in my experience the level of crime is consistent across the capital. I now live in SE London - for a while I was in SW London. I though SW London was supposed to be relatively crime free - I had quite a steep learning curve...

I live in SW London - not noticed a whole lot of crime in my area. Either personally, or any of my friends. Guess it all depends where in particular.

[BrilloPad]

Notice how everyone has suddenly become a housing expert?

An expert is anyone who learns from the mistakes of others.

HTH

[BrilloPad]

Yep, we're all running around stabbing each other all the time.

Where do you live again?

I love in London and in my experience the level of crime is consistent across the capital. I now live in SE London - for a while I was in SW London. I though SW London was supposed to be relatively crime free - I had quite a steep learning curve...

[snaw]

Here you go. This looks like a nice one.

Must be the 42 year that makes it so cheap

[DimPrawn]

Notice how everyone has suddenly become a housing expert?

Boomed/Doomed*


* Delete as appropriate.

[Bagpuss]

Yep, we're all running around stabbing each other all the time.

Where do you live again?

Somewhere where people don't get stabbed or murdered or bummed stabbed and murdered.

[HairyArsedBloke]

Here you go. This looks like a nice one.

[snaw]

that excludes London then...
Alternatively buy a stab proof vest

Yep, we're all running around stabbing each other all the time.

Where do you live again?