lard

AllforNun Wrote: ------------------------------------------------------- > It has been happily neglected in SE15 for many > many years, however now that it is really being > used by the folk in SE22 things are starting to > change. No doubt they will be shifting all the > amenities towards the SE22 side ! The moment you > walk past Cafe and up though the trees you will > suddenly notice, rusty lamposts, a rusty fence, > broken signs and a barely functioning Zebra > crossing. And lets not forget the derelict splash > pool soon to be filled in moved...... Middle class turf wars.

It's like playing spot the made up bands... Personally I like The Carrot Engineers, Table-top Rock Fortress and some of the stuff by Brazen Toilet Dweeb Monkeys. Oh and "The Best of the Beatles"

Zaki reminds me of Ronny Rosenthal.

???? Wrote: ------------------------------------------------------- > The house of cards that has underpinned the UK > economy for 20 plus years, Financial Services (15% > of UK GDP) and especially the very high value add > bit eg Investment banking - and clever associated > investment vehicles - has, in case anyone hasn't > noticed, been exposed as a long running pyramid > selling schemes on a global basis. London's > position as the global finance centre is now > outdated and f*cked and the associated jiggery > pokery (auditing/legal/venture capitalism)which > underpins much of London's wealth and income is > also f*cked...and yet East Dulwich is somehow in a > unique position to escape the carnage that will be > the next 2 years and the slow overall recovery of > our economy hopefully into new areas of enterprise > that will be the next 10? Pray how? We are mostly > in for a decline in real incomes, massive falls in > asset values (houses, pensions, endowments)that's > going to last a fair old bit....this isn't a > recession it's a fundamental shift......hey, maybe > we'll be better people for it... ssshhh don't let on. People have got to realise the shift for themselves in order for it to be a shift. The pyramid of the whole UK economy, not just the city, based on debt needs to unravel. GB is doing all he can to maintain the pyramid by trying to keep the house prices high. Service the debt until the debt is unservicable. Escape before the d?noument. The city was theft on a grand scale, but this greed is why we all exist anyway so it is perfectly understandable. The altruistic gene was eaten by a T-Rex a long time ago. So when the shift comes we may "think" we are better people, but we'll still be the same as we ever were.

lozzyloz Wrote: ------------------------------------------------------- > So what next? > > I think the next big wave of bad news could be as > a result of banks exposure to bad debt in China > which will hit the likes of HSBC. Why do you think that?

Ask to see their working permits. That'll send 50% of them running. (In Lambeth at least)

Same prices as last year?? That means there has been no reduction?? I'm confused. Also how does that work with the Forest Hill example you mentioned earlier..where you said people who thought they could afford Forest Hill can now afford East Dulwich?? Roughly in percentage terms as a general rule what are we looking at for the different areas? eg. forest hill 15% off peak, East Dulwich 10% off peak etc?

AcedOut Wrote: ------------------------------------------------------- > Take a look on Right Move sell prices. All the > data is out there. Not quite. The land registry is normally a few months late. Our estate agent friend could give an accurate more up to date figure, especially in regards to areas dropping more than others (which is what he referred to in his post)

There are a number of people who will also be concerned about the bus too.

local estate agent Wrote: ------------------------------------------------------- > A mix of enquiries really, alot from experienced > investors who know that house prices have come > down, and that they can get themselves a > investment property at a good price.. > > The housing market gets affected in different > ways, East Dulwich and Dulwich Village prices seem > to get aafected less as opposed to areas in > Peckham, Camberwell and Forest Hill etc... > > ED is a very popular area, and a lot of people > that could only afford FH for example now realise > they can actually afford ED, so are looking to get > somewhere now whilst there is a good choice of > property at a slightly lower price.. Good to have someone in the thread seeing first hand the drop in prices. How much have prices already come down then in your opinion? eg what kind of percentage in "less affected" East Dulwich and what kind of percentage in more affected Peckham etc? Just for our interest, like.

jctg Wrote: ------------------------------------------------------- > Is it not true that nobody really knows the route > of the P13? They change it every day. It's at the whim of the driver. It is the revels of the bus world, you never know if you are going to get a good one or bad.

Jeremy Wrote: ------------------------------------------------------- > You may be right... may possibly still be a useful > indication of when we are starting to reach the > bottom. Yes definitely - the bottom is the time when btl becomes attractive again and this is a decent indicator. However over time variables can change. Factoring in higher inflation, higher interest rates etc and you'll get a totally different figure. Throw in a few hundred thousand more out of a job and you'll get different demand for these houses etc. Any one of these can change in order to make BTL unattractive and it is too simplistic to only use current figures. Any way we look at it, they are still only going one way for a little while, and it isn't the bottom yet. For those that are interested in seeing real prices, and not those quoted in Estate Agent windows which will never sell, here is a link to a house sold today via auction. Needs some work presumably to reconvert back, but gives an indication of current price: http://www.eigroup.co.uk/onlineauctions/lotpub.asp?a=10721&l=512794 It went for ?287,500

Moos Wrote: ------------------------------------------------------- > Aren't we supposed to be supporting local > businesses, rather than buying imported goods with > a higher carbon footprint? > > But disappointed by the news - I believed the > helicopters to be chasing desprit criminals > through the streets like on telly. :)) They'll be giving out hemp recycled bags with every eighth next in order to advertise their homegrown non gm, organic local fayre.

Jeremy Wrote: ------------------------------------------------------- > I imagine prices will fall until properties become > a viable buy-to-let investment again. So with > current rents, that will probably be about 400 - > 450K for a 4 bed house. You are discounting the 10% (at least in this instance) overshoot that happens in any cycle. A herd of sheep are difficult to turn back uphill when they are running at full pace down the hill.

Using Peckham Rye station have found that to be a handy little train. Although if the choice was that or a direct link to Thameslink trains which it seems to say then I would choose the Thameslink addition.

MI5 are tracking you and he is one of their operatives "subject is topping up his card, repeat, topping up his card"

Service can be a bit hit and miss lately even when it is quiet, and the bill is invariably wrong in some way. Food is generally good though. Much prefer the vibe in the Gowlett though.

An old skool jukebox too, one with records. None of this mp3 fandagled malarkey.

Well then walk them to the shop, as you said. And to think some people bemoan the lack of exciting things happening in East Dulwich. ;-)

I think this thread can be summed up by "Be careful what you wish for"

MrBen Wrote: ------------------------------------------------------- > "A fair and regulated property market for the > benefit of all" - smells commie to me. Nothing > wrong with having a communist view but to be > honest communism didn't work. And I don't think > property is any more "fair" or "unfair" than any > other market. > > Regulate property as a market and where do you > stop? What about regulating City bonuses? Credit > derivative trading? Taxing investment banks or > private equity deals at a massive rate? > > When it comes to property, we get emotional > because of the concept of home, shelter etc. But > remove that emotion and property is just another > speculative market in a capitalist economy. The concept of home, shelter shouldn't be removed from the equation. It's not as if we can choose to get involved or not in "shelter", as we can with most of the other markets. Like food, health and energy, procedures should have been in place so that boom busts don't happen. Speculative markets are all very well for those that choose to speculate. The problem with housing is that everyone needs one.

Can anyone explain to me the attraction of picnics? How can carting your own food, plates etc to an open space be better than going to a pub for a meal and a drink in the sun, or eating in your back garden and then going for a walk?

In the words of the ancient scribe Sir Francis of Rossi..."down down deeper and down"

It is hardly a pro communist stance, more an argument for a fair and regulated property market which truly reflects the economy as a whole. Unfortunately, as others have said, cheap credit, greed and a lackadaisical approach by the government has led to the property market being completely out of synch with the general economy. To the extent where would-be first time buyers have completely been left in an impossible situation. Yes there will always be richer and poorer, yes people will always have the right to own more than one house etc. What shouldn't be allowed to happen though, is that a whole generation be sold short and by timing alone, be left out to dry. If you bought a long time ago and you are sitting there all smug in your nice house, just imagine how you would feel if you were wanting to start a family as a youngish couple, not currently owning a house, and with jobs as nurses. Then you would realise how this generation can feel slightly 'miffed' at their situation. All we are seeing now is a natural, and quite necessary correction. Even if you are a smug home owner in Dulwich, I bet when you started out you really thought that your status in life by now should have meant a house in Chelsea or Kensington. Sorry, but the majority of you all have had to move out to Dulwich as a "second choice" not through a desire to live out. Everyone trying to recreate Kensington. Shishi bars and organic butchers. Everyone has been sold short, just some more than others. Go to Kensington and most people now aren't English, they are foreign bankers. With some houses over a million pounds in Dulwich, I really can't see how anyone can argue that the crash isn't a good thing to happen for society as a whole.

Marmora Man Wrote: ------------------------------------------------------- > And I thought this was about the time John Wayne > visited East Dulwich! Maybe it is the modern day fake tanned one. Cheap as chips!