Would the last 35-43 year old to leave East Dulwich.....

[StraferJack]

I'm genuinely surprised that anyone can look at that graph and conclude it doesn't indicate anything to worry about

[DaveR]

I guess I'm not really the worrying kind. The graphic maps median house prices and median incomes, but if you look at the data for mean house prices and mean household incomes, which is probably more realistic, the trend is up but much less dramatically. And it just doesn't make sense to ignore interest rates because they are fundamental for most buyers. If you are expecting dramatic rate rises any time soon that would be worrying, but I'm not.

That's not to say that all is well with UK housing policy but I don't think disaster is around the corner.

[StraferJack]

Bookmarked

[woodrot]

whats that line at the end of Terminator ?

"Theres a storm coming"

innit

[El Pibe]

For those stick in overpriced insecure rents with no hope of buying I reckon it's already pretty disastrous.

Onthe other thing, lawyers, fuck, years of exams, long hours and high stress, hats off.

It's the management consultant leeches we should all hate.

At least the pwc, McKinsey, MBA clone ones.

[El Pibe]

Woody, I thinks that's a line in Spaced.

[woodrot]

theres a lorra lorra people who ( for right or wrong reaons- and im not going to get into this moral discussion, not nhere anyway ) have entered the BTL market, their survival economics are based on :

1) Continued capital appreciation of the underlying

2) Low interest rates to ensure EZ payments

Theres a basic incongruity in those two fundamentals that sorta dont bode well for the future

[El Pibe]

Londons a weird bubble though. Whilst no one is prepared to rebalance the nation by chucking stuff out of the capital (just look how much criticism the BBC took for doing so, not to mention how rubbish all their Wigan , or Preston, or Watford or whatever, based programming became), or by investing in proper social housing, then demand will always outstrip supply.

On point B, time is indeed running out, bit by bit.

Btw I'm going to rent my house out when I move to the peat bogs, does that make me intrinsically evil, like a clown?

[woodrot]

What did Samuel Clemens say about the what was the best investment ?

I dont always blame people for doing this, the BTL arena is alway going to be about self interest, what spooks me is the Albanian style pyramid scheme that seems to underly the whole thing. I cant make moral judgements about homo economicus, I just think that sometimes he doest really think it through

[Jeremy]

It just makes you sensible, EP. We're all just trying to make our way in this crazy, crazy world.

[maxxi]

El Pibe Wrote:

-------------------------------------------------------

> For those stick in overpriced insecure rents with

> no hope of buying I reckon it's already pretty

> disastrous.

>

Surely that's what the lottery is for? And there are always small pockets of Leytonstone where BTL flats can be had for under 10k a year - it's silver linings such as these that keep one's head out of the metaphorical oven* (hums New Labour anthem and looks forward to a brighter tomorrow).

*like gas but you don't need to top up your gas card to use it.

[Jah Lush]

I was here before you got here and I'll still be here when you're gone. Yuppies out!

[StraferJack]

Good article on the subject here

http://nyti.ms/19zTaq0

[nashoi]

Vanity Fairs investigation into who owns One Hyde Park makes similar points.

http://www.vanityfair.com/society/2013/04/mysterious-residents-one-hyde-park-london