macroban

Interesting trading statement. So, just wondering, does anyone see customers in their East Dulwich branch?

To be named "Red and Black"?

Discedebam? It appears we got into a muddle, and continue to be in a muddle, with our indicative imperfects. My apologies to dc and everyone else for an old woman indulging in a tedious 121. I will stop. I think we need factories like Dulwich College to provide a continuous re-supply for our ruling class.

Oh dear, an imperfect misunderstanding, of colloquial Latin. Back to your textbooks, Thomas!

Ridebam! Quotquot annos, quotquot menses? [Whoops! Parchment error corrected]

I hear that the record store is in some way associated with these guys.

You are too charitable *Bob*. I think we have a serious problem here. There are no real estate agents left in East Dulwich that have qualified professionals. I'll be happy to be corrected on this, but I have consulted friends, and none can think of one that still has a A/FRICS or equivalent on board. What we have are shop fronts with inexperienced young sales assistants. This may be fine when house prices are increasing rapidly and it is a sellers' market. You may begrudge the commission for little apparent work, but you grit your teeth and bear it. When house prices are falling and there are very few buyers you need good professional advice if you need to sell. Who do you go too?

I regret that I do not have a charging mechanism in place that enables me to do this.

My apoligies HonaloochieB. It was an over-estimation on my part. It is an allusion to what is now known as the Duck Test.

The law report in The Telegraph provides more context and is easier to understand.

If it quacks like a spoilt kid...

Is it Irish? The colour ratio looks about right.

Please help.

Looks beautiful in today's sunshine. Is this an art installation?

Ivydale Road - pilot area?

We should also spare a thought for local mortgage brokers. When John Charcol is in severe financial difficulties one has to wonder about how the local guys are doing.

Oh *Bob*, you are a wag. ########## without tool-kits?

Rising rents? The "this time it will be different" assertion. The last time round when times got bad: Children stayed at home with parents longer Children returned to their parents' homes Couples in broken relationships lived under the same roof for longer More youngsters packed themselves into flat-shares People became lodgers in financially stressed mortagees homes People squatted A difference this time is likely to be the number of void distressed buy-to-let flats. xone262 might like to run some reverse leverage spreadsheets. Does anyone remember the extensive squatting that took place in East Dulwich in the 1970s?

It's the terminology I grew up with. The terminology may now be obsolete and go under a different name in the 21st Century. It's a fundamental of a valuer's tool-kit. I've never quite understood how the unqualified youngsters who now pose as estate agents do their valuations. Was there any better methodology in use during the boom other than "a similar property sold several weeks ago so I'll add 10%"? How are properties being valued in 2008?

A fine example of an evidence based policy-maker.

Was George Brown bullied at school?

Jeremy: You're right. The introduction of the 1957 Housing Act started the decline of private landlords buying East Dulwich terraces and small semis with the intention of adding to a property portfolio to provide a rental income stream and thus being a major consumer price determinant of these types of properties. Those were also the days of strict mortgage rationing. I can't imagine that anyone here is interested in a potted description of East Dulwich property tenures and house prices 50 years ago. However, that baseline valuation is still a useful marker for a bottom line price of a property's "economic value". It is most unlikely that consumer house prices will fall to this level because of the premium a funded prospective purchaser would be willing to pay. It is also possible that baseline valuations may starting falling if tenants can no longer afford current rent levels. Alice: I'm sorry, but I'm not keeping up. I do not understand your calculations. In any event, it will be interesting to see the premium paid when the property sells.

Baseline valuation is what a cash purchase investor is likely to pay to get a standard return on investment. In good times residential properties attract a premium above the baseline. In this case it would be things like: ?2k for a talking point at dinner parties ?10k because the garden suits ?20k because the kitchen and bathroom are liked so don't have to be ripped out and start again. ?40k because it's in the catchment area for good infant/primary schools. The premium depends on the (funded) prospective purchaser.

With a Spring 2008 baseline valuation of c?290k the Melbourne Grove house seems to be slightly over-priced.

I assume that Mr Brown still has access to the nuclear button even when he is unwell. Does anyone know different? Perhaps Mamora Man knows the answer.