I speak for London here:

Have not been to visit this site for 6 months or so, I assumed you would have all packed your bags and moved on by now.

However I see much to your detriment so of you misguided fools are still banging on about a crash, when even the fool of all fools Ed Stansfield of Capital Economics has conceded.

Oh dear! Well guys hang in there for another 12 months I am sure by then property will be even more out of your reach.

Just to reiterate what I have always said:

No crash in the wider economy = no crash
No interest rate hike = no crash
Loads of Hype about the Olympics etc = no crash

There is NO REASON WHATSOVEVER for a housing crash at the moment. Just because you cannot afford a house in irrelevant to the market. London is the Capital of Europe and people want to live have, want a pad here, the successful business people of new economies often want a trophy property asset in London we should see Indian and Chinese investors competing with the Russians soon. Most graduate jobs are here, most young people want to work in London at least for a few years, London has huge DEMAND and limited SUPPLY.

I feel we have reached the end of the London property stagnation and should see good growth (4% – 6% pa) over the next few years.

Well I think you are wrong. London wont be a nice place to live in with no bin men... No underground drivers... No hospital staff.... no Bar Staff...... No supermarket staff...... I could go on and on!

London will collapse if there is no property available for the people that makes the London machine tick!

yada yada..
Mate I am being offered new build places 205 below last year.
Identical builds..
Its happening.

and London, why are half of the dockland flats empty?
If its so great and everyone wants to live there..
why is it a ghost town..?

One article.. bless you..
they are dropping.
I would have needed £170,000 last year to buy a flat. New.
Identical flat this year is £130,000

I almost bought that flat last year buddy.. this site has saved me £40,000

at the last crash there was a massive development of executive flats... bought before the end..
after the crash the developers sold it as social housing.,
there are thousands of flats in london..
that they can't sell..

I guess you mean 20%.

I don't know what planet BTLlondon is living on... but my opinion on pretty much every sentence (s)he's written is the opposite! I guess only one of use can be right.

£130,000 sounds real nice! Peckham by any chance?

You can look at asking prices all you like but they mean nothing.

Developers make a product worth £300,000 and stick it on the market for £350,000 in mad markets. We are just seeing realistic pricing. All the price indices show prices staying firm.

Indeed private seller, often goaded by EA's encourage crazy asking prices. More often than not the vendor demands a high price and takes a good few months to be convinced otherwise.

The facts are prices in the smoke are rising.

Good point on the East End, there are far too many boring flats in very poor location being built there. However someone will buy them up they always do. I used to build good properties in good location with good size rooms. However having built a poor building in a poor location I found that people will by anything in the Capital such is the shortage of supply.

As for no bin men and nurses. Where to these people live in places such as Monaco? Maybe Ken should build a special fast train line to bring the meaninals into the City from the East?

you don't speak for me.

Packed my bags and moved on? If only I could afford to!

New Years Resolution - take second job

Dimwits like yourself going bust will be equally as irrelevant to the market. Remember to "average down" for the "long run" as the market goes against you.

Q: Why does property speculation spawn such w@nkers? I can't remember anyone bragging in 2000, "hey look I bought Cisco on margin at $120 nah nah nah nah nah... ". Is it the noveau wannabe-riche syndrome or what?

sorry mate... talking devon here....

bless you..
and you are right.. people prepared to buy at today's prices are buying complete shite to be honest.. I have looked round some new builds..
Absolute shocking quality.. trash..

P,s I have worked in London before.. and yes the wages are higher..
but I found the air a bit too flavoured..

Expensive old place..

That almost beats your other brilliant "missed the boat" quote! (see my signature). Only you could contradict yourself in your second post on returning!

What a joke you are old boy!

Hi. How much money do you think your investment property will lose due to the SIPPs change? My brother has a flat in London (BTL) and he's really despondant. He can't sell it for what he paid in 2003!! And his rent has never covered his costs!!!

Still, I suppose you gave it a good try. What other investments will you try now?

Sledge your not very bright are you?

Are you an English Language Teacher?

There are too many boring flats in the East End, but such is the shortage of supply in London as a whole someone will buy them.

Rather than picking pedantic points with me try to look at the whole picture. (Look at the whole pie AKA David Brant!) It just makes you look small minded.

Aside: I told you 6 months ago you had missed the best time to buy, as per your quote, now the market is strengthening every day. That the was the low point of the London market now we are on the up. So glad a picked a few units up then. I sure you would rather pick up your shovel and go back down the coal mine.

I'm now fairly convinced you don't own any property at all.

In my experience, successful people dont taunt those who they think aren't.

In Sledge's defence you are the one coming across as not so bright... Your only reply to my question on how key services will be maintained if the prices rise further was how does monaco survive... and then you follow that with a stupid idea of building an express line from the east.....

That shows how irrational your statements are and you give me the impression that you think "The prices are going up... I dont know why but they just are....." You need to wake up and smell the fumes my friend!

ooh get her!

hey there's nowt wrong with mining. It's character building - something you clearly need.

All I'm saying is that anyone stupid enough to be posting on this site, in view of the current economy and housing market, must be either:

Very bored
Need friends
Very misguided about the market
Very upset about not owning a property
A wannabe BTL / property investor / builder???

We all make mistakes, I make loads! Just say hands up we were wrong, fair play, and move on.

Property was a one way bet some of us backed it others did not. There will be other one way bets in the future. Focus on finding those and stop trying to deny the facts about property. You just look so so so stupid.

The “its not fair factor” is so evident in most of the postings. If you so desperate to buy a property accept the market, find a good deal, and buy. And if you can’t afford it because of crazy prices: get a better paid job!

See you in 6 months for another laugh!

I didn't know David Brant (should that be Brent?) was Also Known As Look at the whole pie. Must have missed an episode........

Another fool who doesn't understand economic cycles.

I will enjoy buying properties off these type of people when they go bankrupt.

Go buy some new-build BTL flats, you know you want to...

And here you go again:



So what was it? A missed boat or the low point? You really can't help but contradict yourself can you? Why oh why do you feel the need to come here? It is clear you can quite happily spend days just arguing with yourself. Please, please STOP! You are making my ribs ache you sod. No more, please!



I have some disappointing news for you. You know that guy who taught you english as a foreign language? Blackened face? Shovel in hand? Yep: he was a miner. It is all starting to make sense....

Tut tut to you BTLlondon. Peckham, right, like we can all afford to live in central London. Lucky you. I'd say you must be in the minority sweetheart.

BTLLondon Quote:

All I'm saying is that anyone stupid enough to be posting on this site, in view of the current economy and housing market, must be either:

Very bored
Need friends
Very misguided about the market
Very upset about not owning a property
A wannabe BTL / property investor / builder???

Which one are you then?

I am guessing "All of the above."

khali, you've misunderstood BTLLondon - easily done - his english teacher was a miner, doncha know... what he meant was you should look at "the whole pie". See, it's "the whole pie" whose alias is David Brant (or Brent), at least that's what BTLLondon claimed. I rather think he's confusing this David Brant/Brent with John Prescott.... "Look at the whole pie" is a different person althogether.... I'm not even sure he has an alias... or even exists!

Nice one!

If he was doing all right he wouldn't come here would he?

Should we be saying AWOOGA??? Yes, bored, no friends, misguided, own a property but upset anyway, oh and yes, OF COURSE I wannabe a BTL/ property investor/ builder. Oh, to be one of such clarity.....

Thats what I was thinking! The only person that would come here either has doubts about the long term prospects of the UK housing market or has no doubts a HPC is here or soon to be here...

either that or they are a very angry BTL'r who wishes he has never remortgaged his home 2 yrs ago as he sees the light a little too late!!

The only reason the site might have disappeared BTL is because the event HPC.com was set up to discuss has occurred and anything after this is a form of mildly sadistic voyeurism. In fact if you dare come back in 6 months time you will find it terribly irritatingly smug.

The HPC is now like a unfolding car crash - horribly fascinating to watch - and the only question is how many casualties there will be.

Have you actually seen the flats at Kings Cross? A trophy property asset indeed.

The Fox.

"misguided fools are still banging on about a crash":
I suppose that is the Bull's view.

But we know now the Bear-baters posting here are rather thick, and superficial in their arguments.

Property is clearly NOT the place to be.
If you are satisfied with "boring at best" returns, then fine.
I would rather make real money. And Gold it was for me in 2005. 2006 too.

Let the thickies bang on about, "Where's the Crash", as they keep their money in a fool's investment, and the smart money quietly makes better returns outside property.

Someone has to be the Bagholder, i suppose

Ahhh that explains it, role one for me dude

Ah yes. Glad that's cleared up.

Yes indeeedi we all like a good laugh so please do

BTL please go back to school and learn economics.

since the begining of time no society has ever become rich by borrowing moneyoff a central bank to by ever improved houses.


the Yeild curve is negative. game over man. do you think that all this money people are taking out of homes translates to real wealth? inflation is taking off. I go to the store and buy mself some crisps = 50p and a coke 70p. these items have almost doubled in the last 5 years wtf ? houses may rise at 2% this year but that represents a .5% drop in purcasing power im afraid with inflation 2.5%.

Money supply is up by 10% houses are up by 5% are you any richer? I hope you dont think so looser


the only reason fiat money works is that people like you are stupid.

I have to agree with Dr Bubb..
I knew investors, who turned to property as an investment.
They have left the market.
I know people who have invested in property and they are still in.
I think the big difference is that experienced investors used property whilst it was performing and left before the risk was too high.
a lot of the people who jumped aboard are not investors of any experience. But the all speculative markets need a patsy.. If no house was ever going to be able to actually make money, then for money to be made people would have to come in to provide the money.

and tha,t I am afraid, represents the remaining bulls..

Proper investors always knew this was going to happen. and have left the party..

Looks like Duplex and I have figured BTLLondon out





Cannabis link to schizophrenia

Hey BTL London your sig is it right?

Business going downhill. Sorry to hear that Fred

Êtes vous vraiment un VI Troll

The problem is when Prescott sees a whole pie, the pie doesn't stay whole for very long.

Il est d'encourager seulement les visiteurs.

Mais c'est bon amusement.

Did you all notice BTLLondons signature "BTL London works for http://www.hillcrestpropertymanagement.co.uk"

Not rich then yet from all these rents..........

Works? I thought he said he was a succesful landlord!

Does this mean they save up for you?

http://www.hillcrestpropertymanagement.co.uk/whatis.html

I sort of agree, but there will be many long term property investors who will keep hold of their properties.

I know of one such landlord who has used the rental income from several BTLs to pay the mortgage on a HUGE property (for himself) in the country (an ex farm).

His tenants have already pretty much paid for the BTLs (bought at auction in the late 90s for peanuts) and they are now paying for his main residence too.

Why sell the BTLs when they have proved to be a reliable cash cow and will continue to do so for many years? It's not all about capital gains you know.

What makes you think there is not going to be a crash in the wider economy? Do you think it's going to grow strongly forever?

...

*yawns*

The futility of communicating with such a person. 'If you're going to jump, then jump'

Jesus. He has got a vested interest hasn't he? Dear oh dear oh dear.

Oh dear. I can just hear you say the same thing about the NHS...after all I'm sure you think that everything in life is a marketable commodity "If you can't afford treatment for your bowel cancer, find a good deal, and buy, And if you can't afford it because of crazy health care prices, just go and get a better job!"

Like so many BTL idiots you think that everything in the world is plum for your personal exploitation and s@d everyone else. I don't for a moment think you have the slightest idea about economics and your grasp of social consequences of what you are promoting is absolute zero.

VP

From the Hillcrest website:

"Rent to buy is a completely new concept for the London rental market. Its aim is to make tenants buyers by offering a fantastic new rental package. After extensive research we discovered that the majority of tenants don't want to be renting.

Their main gripes:

Feel rent is dead or wasted money.
Can't save a deposit for a property purchase."
= =

FROM A TIME CAPSULE?

Renting to buy, simply means PAYING MORE RENT, and not saving,
if you look at it closely

At the end of the day I live in Leeds, earn over £30k and I can't even afford a one bed flat in a decent area.

I've got to the stage where I don't mind people buying somewhere to live - I just know they are getting into crippling debt which at some stage in the future they will regret.

On another point did you know that the ODP is plowing hundreds of thousands into new provision for debt advice.

£30k in Leeds! That should get you somewhere decent... in a sane world.

Good on ya mate. You speak for London and I speak for all of those who want to get out of this overpriced filthy hole. All those graduates, all those Indian, Chinese and Russian entrepreneurs, let them come to the new Jerusalem. I don't care. (buy the way, have you seen average new graduate wages lately? they'll have to live in garages)

Your right, I am irrelevant to the market. Its got its new fancy friends now and it doesn't care about me anymore. I try and I try and I try, but its a one way relationship and its not satisfying me. So today I decided I am going to do something about it. London is dumped. (see the London Exit Strategy string). Got all my mates from all over the country telling me their neck of the woods. And I don't know another site that could give me such entertaining insights to get me moving. This site is going strong.

Hi Ken!


You sure have grown even more arrogant lately!

I earn about the same in Sheffield, with exactly the same problem. At the moment I'm far better off renting, so that's what I'll do for the next couple of years at least


Does the rest of Europe know this?


Well obviously. Because the present economic situation is now static y'know. No change ever (except up of course). The UK economy has been frozen at a wonderful peak and will carry on as it is, unchanging, until the sun burns out.


Might work for 1 person, but where are hindreds of thousands of "better jobs" going to come from.