DovertheRoad

Did anyone catch the Meat Liquor interview in our new hyperlocal paper, The Dulwich Diverter? It's a comedy gem. Sample quote: "Lawrence Roullier White designed the toilets" and "there are bits of Inside 72 in there"

LouiseC, nice one and thanks for the chicken tip. Not been to Crooked Well for a while.

Deliveroos SE22 hub is burger laden at the moment with five choices available for home delivery: Burger Bear, Honest, Flying Pig, Gourmet BK and Tommis. Which is also the order I'd personally rate them in. Burger Bear is really good and Honest somehow manage to deliver their signature Rosemary fried without them going soggy. Tommi's is fine but not great I agree. But to be fair your ?16 also covers the Deliveroo charge /minimum which is the extra you pay to get quality restaurant food delivered to your door which you otherwise couldn't. Throw in Meat Liqours arrival and you have TOTAL gourmet burger saturation.

....is not in East Dulwich at all. It's in Forest Hill. Hard to forget it replaced the much loved Hob but The Signal is worth going to for its chicken alone. If you happen to love rotisserie chicken that is. Don't compare it with the Hob or rate it on ambience or its middle class Harvestor decor. Just eat the chicken. Franklins tried their wood fired chicken on Deliveroo recently and it was ok but not a patch on this. Where else does great chicken dishes*? *I am excluding fried chicken joints from this as that is an art of its own. Ps this is a Jeremy / Seabag thread for sure. /message ends

I don't think this is the thread for a boring debate on the impact of BTL in London which has seen a leveraged minority prosper at the expense of the less wealthy, non-property owning masses and widened the gulf yet further between the haves and have nots. And I say that as a former BTL landlord who benefited. My view is that given the impact on society second properties should be more highly taxed and not allowed to be just another asset class like bonds or equities. Anyway...Malambu...sell that flat in Liverpool bro

They can't even get the emergency timetable running properly now. What they've basically said is "we're terrible but what we're going to do now is GUARANTEE terrible" and then not even manage that.

Aside from the fact that its quite an unsociable practice now all societal considerations made.

Hmmmm a quick sum tells me BTL only really works if you have 60%+ equity, a gross yield greater than about 7%, a low BTL mortgage rate and perhaps a corporate structure to run it through. Losing mortgage interest relief is massive for many amateur LL's.

Too far away to manage reliably. Crappy local estate agents on small time commission + bad tenants is not a good combo. You need to either take greater interest in tenant selection, be involved and meet them yourself or sell the place and cut your losses. You CAN sell it just perhaps not at the price you'd like but there's no shame in taking a hit, licking your wounds and moving on without the hassle of owning it. Then unless you're in negative equity use any gains to pay off your existing mortgage or invest it in an index tracker fund which will likely help you get money back over long term. BTL no longer makes sense with new taxes. I would just sell it mate and move on.

Best advice I could give coming home is agree with your boss to start earlier and leave earlier and get the 17.11 train from LB. It's the only one not overcrowded and doesn't have that horrendous 13 min wait at S Bermondsey. Also is consistently on time. Apart from this eve when it was cancelled. In which case get train to FH and 185 or 176 back it is often much faster...

0653, the only train for an hour was cancelled this morning again. Can't see commuters taking this much longer. Especially once the holidays are over.

Alan Medic Wrote: ------------------------------------------------------- > https://www.theguardian.com/commentisfree/2016/jul > /29/stephen-hawking-brexit-wealth-resources > > You need a rethink DtR. Spot on AM. This is the real point I'm making here . I don't give a toss what the pokey terrace is worth when my mates have to move out, my kids will have no chance and the people we need to keep things moving can't live here anymore. It is a fecking disgrace that foreign investment in London residential property hasn't been taxed properly over the last 15 years and we've been left with a stinking ?%^$%^? mess. Pretty much any non-UK resident HNW individual can show up with dubiously sourced cash, stick it in London flats, watch it double in 5 years and take the profits back overseas tax free. That's created massive distortion for "real" families trying to buy and rent in the capital and a legacy problem that will take years to unwind. London is not alone - other global gateway cities slow to getting fiscal policy in place to deal with influx of global capital include Auckland, Sydney, HK, Vancouver but at least the have space to grow. And it has ?$%? all to do with London being "open for business". This is residential property for everyday people. Not tax breaks for big business. The Tories have started to fix some of the rot with recent policy but both big parties are to blame. What I can't understand is the general public apathy and lack of holding our senior politicians to account on this one. Middle class Londoners who have personally gained serious ??? over the past decades boom understandably quiet / head in the sand and / or talking it down. Service worked priced out and the poor non-property owning classes getting poorer. A sorry state of affairs and depressing that we are accepting this new status quo. It needs proper, common sense fiscal policy now to preserve and maintain London's future.

http://www.shipleys.com/resources/issue/CGT-non-uk-residents

Bruv. CGT on disposal from foreign investors kicked in in April last year. About ten years too late but welcome nonetheless.

Thanks for all of the comments and humour above folks. The gags about the 5% days are wearing a bit thin though...not sure I could afford my mortgage at that mad rate! But 15% interest, something called "negative equity" and getting stuck with the ex-wife??! Get outta here grandads! When I bought my first property in 2003 it had doubled by 2011. I was sharing this at barbecue on Saturday. Even during the worst financial meltdown in history!! I then bought a house which doubled by 2015, increasing in value by ?820k. Or ?165k tax free annually. Or like a pre-tax salary of ?235k. Sure wages aren't keeping up but with availability of "free money" and gains like these who needs to work? My friend is a local estate agent(Edward Halpess, he's good btw PM me for details) and he agrees with me. There is no real reason why my house will not be worth ?4m by 2022. Even less salubrious streets like Felbrigg and Friern will do ok. He also thinks that because of China the old laws no longer apply. Not sure what he means by that tbh. I think he just read it somewhere. To summarise until something major happens it will suit me to assume that the current economy is well balanced and it's probably good not to think too hard about it.

I have long tied my sense of personal financial "worth" to the price of my house in East Dulwich. I prefer not to condsider that actually the bank own it. I had also thought that I was a property expert having watched it double in value in just 5 years. I sometimes like to mention this at dinner parties. However post Brexit I'm deeply concerned that my ordinary, slighty cramped terrace in a pleasant but unremarkable part of South London is no longer worth ?1.9M. In fact I'd planned for it to reach ?4.5m by 2025 and fund my pension. My parents recently told me that in the 1990s house prices actually FELL and that interest rates were once as high as 5%!! Still that's my dad for you....always having a giggle about huge bubbles of debt. Can anyone offer any words of reassurance? Things will just keep rising and we'll all slowly adjust to any new norms won't we? Am I still a property guru?

M&S generally....it's not really top notch anymore is it? Waitrose kind of hold that crown as far as supermarkets go. And the choice in those small but expensive Simply stores is limited. The M&S ready meals are a bit rank and expensive for what they are as well. It's probably what first drove me to learn cook my own stuff...to many student days on them. So...it's all a bit boring really and puts the "Dull" in Dulwich. Why would you go there when you have the better priced Co-Op or some great indies like SMBS, the Turkish grocer, Moxons and the Beardy Butcher.

Pass the cheese will you Anthony?

Spot on post from ???? above. Agree 100%. The data shows that best time to buy in ED post-2008 was April 2009 when with some looking you could get a 20% discount on 2007 prices. That drop recovered almost immediately over the next 2 years and then accelerated massively in Q1, 2014... way beyond where prices were in 2007. It has since slowed again but even pre-Brexit was always going to do so. I disagree with Reg above that peak in SE22 was Jan/Feb this year. I'd say late April/May from the valuations I was involved with. But agree with Reg that there will be a short term fall and 10% can't be too far off the mark.

Anyone interested in a daily cab share to the City around 7am whilst trains are on this horrible emergency timetable? Cost would be ?5-?7 pp with one pick up on Lordship Lane with one drop off in Lon Bridge / Monument area. Time is early (7am to 7.15am) but that's when I head in. Black cab so can use bus lanes and is only 25 mins. If any interest let me know. Thanks.

Vancouver...if you can afford the house prices by selling London. East Van is the new Peckham Rye kidz or... Calgary...house prices down by 10% due to the oil collapse and so good buying opportunity. $800k CAD (about ?450k) will get you a large detached 4-5 bed of 2800 sq ft plus several acres of land in a good suburb there.

Big Phil up in front of MPs today. Apparently he has a bad temper and is an easy wind up. Should be "interesting".

It's probably best measured as boast-ability by aspirational types. 20 years ago some people would claim to live in "Dulwich" rather than East Dulwich .Then when ED got gentrified they would make a point of mentioning the "East". Middle class types living in Peckham rye identified as East Dulwich for ages at dinner parties before Peckham got hip. Now you have people in East Dulwich saying they live near Peckham. "Cool". I know...I know...none of you salt of the earth types are guilty of this. But many circles are.

Makes you wonder what all the fuss is about round here/peckham tbh.

We lived in Brockley for 6 weeks whilst our place in ED had the builders in a few years ago. Really liked it. Def better connected, some amazing houses and agree better stock generally. And Brockley farmers market is a gem - one of the best in the country I'm told.