London House-Price crash

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Area 51
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USA
Rumours of a recent gentle-correction turning into a full-blown sh1.tstorm ?

Maybe improved affordability will be good ? Good for college-Leavers and first-time-buyers ?








Like a kids party-magician squeezing a sausage-balloon. When the centre contracts, the periphery expands. Prices are up in Scotland, Wales, and N.I.


It's been 17 years since the last crash. So economic-theory is solid. Maybe the lemmings are selling-up 12 months earlier, to beat the rush ?

 
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Bad luck. I had a stop loss on ETFs that got triggered a month ago so they sold and it's since climbed fiercely. It can't continue surely, the markers are way beyond all other crashes. Mid terms coming up, usually static before and always rising afterwards.
 
Tech Stock will hit Shoreditch property prices.

the chart in the link below, with the red line = London. And the blue line = England & Wales. Much can be understood in terms of rural people working remotely from home, no longer needing to be in London all week. Sitting at the computer with a shirt & tie at the top end, and pyjamas & slippers out of camera-frame.

 
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I think its more serious than just a price crash . Its a collapse of the whole house building industry and the knock on of that .
The major builders have stopped building , buyers are nowhere to be seen , contractors have empty order books , suppliers lorries are sitting in the yard and trades are sitting indoors waiting for the promised jobs that building 1.5 million houses Ginger bird said she was going to build .

The spring first time buyers or lack of them will tell us if this blip will in fact be a full time crisis .Indications are it could be the latter .
 
Interesting because it's not just building, Leonardo threatened to withdraw from the UK because agreement hadn't turned into money for orders.

I watched a Jimmy Carr interview yesterday, the signs from 2008 to today mirror 1929 onwards.

Fyi for eg Barrett Homes stock price down 50% in 3 years
 
Too many obstacles for buyers imo.
If someone has rented privately for two years with no issues they should be offered a mortgage of whichever they have been paying because clearly they can do it. What’s with all the BS checks. No one intentionally makes themselves homeless. Been there so it isn’t nice or deliberate.
 
A weak Labour market feeds a weak housing market. Towns like Middlesbrough do not get a crash cos the whole town is propped up by dole money anyway. Cheap housing cannot crash.

It's times like this that the 'Benefits Cap' will come back to haunt Londoners - cos we get the booms and busts more volatile than anybody else. That's one of the lessons from both the 1989 crash and the 2008 crash. The next good time to buy a London house ? 2031.


The link below is gloomy in the extreme.


the link below proves much of London's high house prices come, not from salaries, but from international speculators. A notoriously fickle crowd.

 
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A weak Labour market feeds a weak housing market. Towns like Stoke-on-Trent do not get a crash cos the whole town is propped up by dole money anyway. Cheap housing cannot crash.

It's times like this that the 'Benefits Cap' will come back to haunt Londoners - cos we get the booms and busts more volatile than anybody else. That's one of the lessons from both the 1989 crash and the 2008 crash. The next good time to buy a London house ? 2031.


The link below is gloomy in the extreme.

You'd think all the feel good factor about this government would improve the economy.
 
You'd think all the feel good factor about this government would improve the economy.
There are optimistic voices, and pessimistic voices, out there in cyberspace. 'History Debunked' said doom & gloom , Gary Lineker was more bullish.

effects on housing ? its level of supply and pricing ? certainly not boring...

 
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What’s with all the BS checks. No one intentionally makes themselves homeless. Been there so it isn’t nice or deliberate.

A London price crash is unlikely to affect homelessness levels. But it will hurt wealthy investors from China/the Middle East and elsewhere. From '08 to '26....the 18 year Property cycle is now as predictable as El Nino.


Nobody should be homeless when houses like the one below are for sale. similar architecture, different World...

 
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Majority of the falling prices in London are for leasehold flats, which most buyers now won't touch, and rightly so - service charge bills are exploitative to the extreme.

Most new-build developments in London don't sell out anymore, with developers hanging onto dozens of units post-completion of the building - this type of reality was completely unheard of 10 years ago, and the difficulties developers are having in finding buyers is meaning a lot of hesitancy in them launching future projects.

Major reform of the sector is needed.
 
Majority of the falling prices in London are for leasehold flats, which most buyers now won't touch, and rightly so - service charge bills are exploitative to the extreme.

Most new-build developments in London don't sell out anymore, with developers hanging onto dozens of units post-completion of the building - this type of reality was completely unheard of 10 years ago, and the difficulties developers are having in finding buyers is meaning a lot of hesitancy in them launching future projects.

Major reform of the sector is needed.
I don’t see why people want to live close to London in a flat anyway. I understand in previous decades because people went out and socialised, but now, may as well live anywhere, especially with remote working. Demand means people will live all over in reality but sod London now. Many people living in areas to be among other professionals who they don’t ever mix with so they can quote the Hamlet they live in to other non Londoners and feel they fit in.
 
I don’t see why people want to live close to London in a flat anyway. I understand in previous decades because people went out and socialised, but now, may as well live anywhere, especially with remote working. Demand means people will live all over in reality but sod London now. Many people living in areas to be among other professionals who they don’t ever mix with so they can quote the Hamlet they live in to other non Londoners and feel they fit in.
Remote working is fast coming to an end,bosses don't like it and say interaction between staff produces more ideas , i thought even more babies but what do I know.
 

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