Not tagging anyone lest I cause cause offence:
My original post was to point out that Foxtons share price and profits were down due to an alleged (by the Standard journalist) property market downturn. At one time people on here used to decry the absurd rise in property prices - me included.
He who must not be tagged was one of those who on the other hand saw no problem in these increases - even going so far as to report it if a sensational price was "achieved" (at least that is what I recall going back to 2010 onwards - even predating the opening of Foxtons Brixton branch).
I always felt property was getting disconnected with reality - and yet others think we are in a wholly new situation, property will never go down etc.
The Standard article in my post said that Foxtons shares are going down because the property market is going down. A possible sign of light at the end of the tunnel, a return towards sanity for ordinary people who want a fair deal in housing etc etc. I thought.
Sorry my attitude is being taken personally - because I pointed this article out to 2 members of Urban who I previously discussed house prices with over some years.
In Spain the Indignados are those who have lost their homes to predatory bankers. I feel that indignation more than the indignation of a fellow Urban75 poster subject to no such misfortune.
The other thing was this - for some reason although the newspaper pictured the Brixton Foxtons. The online edition had a different shop and I wondered which it was.
Finally this issue is much bigger than whether I upset Rushy.
Transparency International recently released a report on the effect of foreign investment and corruption on the domestic housing market. Some local developments are analysed in this report - and it is noted that parts of the Lend Lease development in Elephant and Castle are sold 100% "off plan" to overseas clients - who may or may not have come by their funds legally.
We know that Higgins Oval Quarter were selling off plan at a roadshow in Simgapore, Hong Kong and Penang.
How different from the 1930s:
