Jump to content

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


Recommended Posts

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.

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.

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

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?

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

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.

  • 4 weeks later...

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Latest Discussions

    • He seemed to me to be fully immersed in the Jeremy Corbyn ethos of the Labour Party. I dint think that (and self describing as a Marxist) would have helped much when Labour was changed under Starmer. There was a purge of people as far left as him that he was lucky to survive once in my opinion.   Stuff like this heavy endorsement of Momentum and Corbyn. It doesn't wash with a party that is in actual government.   https://labourlist.org/2020/04/forward-momentum-weve-launched-to-change-it-from-the-bottom-up/
    • I perceive the problem.simply as spending too much without first shoring up the economy.  If the government had reduced borrowing,  and as much as most hate the idea, reduced government deiartment spending (so called austerity) and not bowed to union pressures for pay rises, then encouraged businesses to grow, extra cash would have entered the coffers and at a later stage when the economy was in a stronger position rises in NI or taxes would have a lesser impact, but instead Reeves turned that on its head by increasing ni which has killed growth, increased prices and shimmied the economy.  What's worse is that the perceived 20 billion black hole has increased to 30 billion in a year. Is there a risk that after 5 years it could be as high as 70 billion ???     
    • That petition is bananas.   If you want a youth centre there pay the landlord the same rent a Londis would and build it yourself or shut the f**k up to be honest. Wasting our MPs time with this trivial nonsense is appalling. If your kids are still out at 1am on a school night you've got bigger problems than vapes and booze and hot sausage rolls. 
    • There used to be a better baker than Gail's on the same site immediately before Gail's pulled their financial muscle.
Home
Events
Sign In

Sign In



Or sign in with one of these services

Search
×
    Search In
×
×
  • Create New...