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Brixton news, rumour and general chat - April 2014

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shakespearegirl said:
Yep, super posho next door neighbour renters have just moved out and Mummy and Daddy have bought them a flat. Overheard them braying in the garden about it..
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Just got chatting to new owner of overpriced flat in Josephine Ave.

Pretty posh, saying things like 'v dodge' in relation to the workshops out back.

Lives with her sister.
 
simonSW2 said:
It seems that 40% of house purchases are cash buyers.
http://www.theguardian.com/money/2014/apr/02/london-house-prices-rise-bubble-nationwide

40%!?!
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The article says

One of the Bank's key powers beyond making changes to Help to Buy is putting restrictions on mortgage lending, however it could struggle to limit price growth, as around 40% of purchases are believed to be made in cash.
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I doubt most cash purchases are truly cash. Many of those will come from another asset being mortgaged and that cash being used to finance the purchase. So the bank would still have the power to restrict it in some way on many of these sales, if they wished to.
 
Manter said:
How much in half a million in notes? Big suitcase? Completely full?

I've always wanted to know
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No idea. But a mate of mine used to be hired to accompany a billion dollars in cash from NY to Iraq every few months. Fits on one pallet.
 
Rushy said:
No idea. But a mate of mine used to be hired to accompany a billion dollars in cash from NY to Iraq every few months. Fits on one pallet.
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I've seen really big amounts (in a bank vault in Switzerland) but I was struggling to imagine 'real' amounts iykwim.
Crispy said:
http://www.reviewmylife.co.uk/blog/2010/05/09/what-does-one-million-pounds-look-like/
5 briefcases, or a small suitcase.

EDIT: You said 1/2 a mill. Maybe a really big briefcase. One of those ones with the two overlapping lids and the handle that pokes through.
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Blimey, only just taller than a bus....
 
Rushy said:
Reminds me of a joke.

A nice chap invites his friends to a fancy dress party, and being a touchy feeling kind of guy he chooses "emotions" as the theme.
The first person turns up dressed head to toe in green with the letters N and V on his outfit "Ah, super. You must be green with envy!"
The next guest turns up in head to toe pink and covered in feathers "Oh how wonderful. You're tickled pink!"
Then he opens the door and two fellas are stood there stark bollock naked, one hiding his knob behind a piece of fruit and the other dangling his widgit in a bowl of yellow slop.
"Gentlemen, I think you may have the wrong house" he cries averting his gaze.
"Not at all" says one of the fellas "You see, I'm fucking dis custard and my mate here, well he's deep in dis pear.."
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Lol, that's my mate lynch4046 's favourite joke, I think it's well funny if told properly but no-one ever seems to laugh :D:oops:
 
As for this house price lark, this is why me and plenty others will be priced out of our homes in Brixton in the not too distant future.

One and two bed flats on my road are going for £400k/£500k and upwards, who the fuck can afford that? Rents are rocketing up too. I'm an assured shorthold tenant but there's nothing 'assured' about it - the landlord can put your rent up every year and if you don't like it they tell you to fuck off and rent it to someone else. Almost my entire road is buy-to-let now, with a smattering of remaining council tenants, plus a few English and Carribbean families who bought years ago who the parasites/estate agents are desperately trying to get to sell up :(
 
Anyone know who's filming at The Hoot? Big crew, lots of trucks down Brixton Water Lane, looks like a wind machine in the back of one of them! Signs say "WE LOC" and "WE TECH".
 
Brixton Hatter said:
As for this house price lark, this is why me and plenty others will be priced out of our homes in Brixton in the not too distant future.

One and two bed flats on my road are going for £400k/£500k and upwards, who the fuck can afford that? Rents are rocketing up too. I'm an assured shorthold tenant but there's nothing 'assured' about it - the landlord can put your rent up every year and if you don't like it they tell you to fuck off and rent it to someone else. Almost my entire road is buy-to-let now, with a smattering of remaining council tenants, plus a few English and Carribbean families who bought years ago who the parasites/estate agents are desperately trying to get to sell up :(
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The prices are too high even for the buy-to-letters now, I would have thought. There has to be a limit to the rent you can charge on a one-bed flat, surely?
 
Rushy said:
Anyone know who's filming at The Hoot? Big crew, lots of trucks down Brixton Water Lane, looks like a wind machine in the back of one of them! Signs say "WE LOC" and "WE TECH".
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From Twitter:

@BrixtonBlog: That filming is actually in @HootanannyBrix and is for a film called "Kill your friends" apparently...
 
Ms T said:
The prices are too high even for the buy-to-letters now, I would have thought. There has to be a limit to the rent you can charge on a one-bed flat, surely?
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People need to live somewhere. I think what we are going to see more of is overcrowding.
 
I have mentioned this before, but when we sold our (two bed terraced) house in Peckham a couple of years ago, we only had one person interested who wasn't a buy-to-let person, and his parents were buying the house for him. This was a house for sale at £250k, no-where near the £400/£500k being asked for a flat in Brixton. It's a madness, people just can't get on the 'ladder' these days.
 
Ms T said:
The prices are too high even for the buy-to-letters now, I would have thought. There has to be a limit to the rent you can charge on a one-bed flat, surely?
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I think a lot of buy to letters are actually people who have been priced out of the place they live, so they are renting where they need to be and buying further out to get a foot on the ladder. My gf moved down from Scotland a couple of years ago, lives in a flatshare in Camberwell and is thinking of buying out in the suburbs because even on her good qualified professional wage she cannot contemplate buying around here. (It doesn't help that she is only just getting out of neg equity in Glasgow, mind you).
 
Bit of a thread derail, but whereabouts in Glasgow is her place Rushy?

Having been up there a fair few times I'm surprised there's much in the way of negative equity.
 
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