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Work starts on the eagerly awaited new Foxtons office on Brixton Road

Who the fuck can afford to buy a 2 bed flat for 380k?


Oh there is plenty of money about.

In the past six months, two neighbours have left behind (and let out) flats of that value so they can go on to buy another place to live in.

Their transient tenants won't give a toss about the community.
 
Who the fuck can afford to rent this type of flat (for £350-400pw + bills and fees) in a similar location? That would be roughly £20k a year just on rent. They are selling and being let though?

I make about the national average wage (less than the London average) and I could afford that (with someone sharing), if I was prepared to fork out half my income on rent. Which I think some people are tbh, to live in what they see as an exciting area. Or get a couple of couples in there and it's not that much.
 
Rents in the gentrified buildings in Rushcroft Road are similar to the above - c. £1600 pcm + bills for a spacious 2 bed or a cramped 3 bed. I have my flat all to myself, so I have no money for anything but food. My neighbours, 4 of 'em, occupy the same amount of space as me, and they can afford to go out boozing etc.
 
One of the double fronted house on Brixton Water Lane (just behind the Hoot) was on the market for £1.2m and I noticed it had a sold board up this morning. Not with Foxtons (KFH I think), but pricey nonetheless...
 
In 5 years time, there'll be no one left who will understand the cultural significance of Windrush square, Marcus Garvey way, Frantz Fanon house etc.

We're not allowed to say things like this, because it makes the incomers feel put upon, or so they keep whining. ;)
 
One of the double fronted house on Brixton Water Lane (just behind the Hoot) was on the market for £1.2m and I noticed it had a sold board up this morning. Not with Foxtons (KFH I think), but pricey nonetheless...

TBF they've been high value since the late '80s (when the more derelict-ish ones got tarted up). Still, £1.2 million is a bit fucking staggering, isn't it? :eek:
 
I have lived in Brixton for 12 years and finally bought my own flat in Brixton nearly 3 years ago, from Foxtons who were based outside Brixton at the time, I found them very good too deal with, the agent was decent, and before that I had spent a lot of time dealing mostly with Haart and Eden Harper. And had been messed around with a bit; especially from Haart.

Do people on here think they should have decor more in line with traditional agents such as Keating etc? Is neon frowned upon?


chinny reckon.
 
I went to a party back in the mid-eighties in one of the houses opposite the entrance to the park, and yep, MASSIVE bloody gardens.

Ex-neighbours who backed on to our house now own the one right opposite the park gate. City type with a Labour MP as a sister.
 
The whole Foxtons baiting is very tiresome.

Some of you guys need to be more tolerant.

They have had a Foxtons in Streatham for many years without people getting their knickers in a twist.

Do they charge too much commission or is their decor too dazzling?

That's not true at all. The Streatham branch of Foxtons only opened a couple of years ago and it was greeted with the same mistrust and hostility as the Brixton one, certainly amongst people I talk to. And the effect they've had on the area has been terrible - driving up prices, ramping up greed, leaving vendors with houses they're unable to sell because they've been put on at an inflated price. Foxtons are evil, money-grabbing cunts, and we don't need to be more tolerant of that at all.
 
Foxtons employee I reckon.
Christ, it's sad enough to be a universally loathed Foxtons agent in charge of selling & renting property at hyperinflated prices. But to be delegated to fight PR wars for the company on message boards is particularly tragic.
 
Who the fuck can afford to buy a 2 bed flat for 380k?
if you can find a way to afford to buy it is a hell of a lot cheaper than renting. Plus you are building up some sort of investment, so I can see why people sell their souls to do it. That ranges from deposit/mortgage guarantee from bank of mum and dad (who often remortgage, or delay retirement to fund it- we're not talking liquidate a trust fund, we're talking scratching together any money possible), deposits made up of inheritances (7k from the sale of Granny's house she'd lived in for 40 years in Stoke will do enough to tip people over the affordability threshold), buying with relatives/friends, buying something small/grim completely out of area and using that to be a first step because rates, deposit requirements etc are better if you're not a first time buyer (I know someone who bought a tiny cottage in Derby years ago because he couldn't afford to buy in London, has been renting it out and is planning to sell in a few months to generate a deposit for an even tinier flat in London) etc etc.
 
if you can find a way to afford to buy it is a hell of a lot cheaper than renting. Plus you are building up some sort of investment, so I can see why people sell their souls to do it. That ranges from deposit/mortgage guarantee from bank of mum and dad (who often remortgage, or delay retirement to fund it- we're not talking liquidate a trust fund, we're talking scratching together any money possible), deposits made up of inheritances (7k from the sale of Granny's house she'd lived in for 40 years in Stoke will do enough to tip people over the affordability threshold), buying with relatives/friends, buying something small/grim completely out of area and using that to be a first step because rates, deposit requirements etc are better if you're not a first time buyer (I know someone who bought a tiny cottage in Derby years ago because he couldn't afford to buy in London, has been renting it out and is planning to sell in a few months to generate a deposit for an even tinier flat in London) etc etc.


Yes. But I think it is relatively a lot more costly to get on the ladder than ever before.

Especially for those from outside London.

And, yawn, it's because we are building far too few houses to meet a London population growing by 110,000 a year.
 
Yes. But I think it is relatively a lot more costly to get on the ladder than ever before.

Especially for those from outside London.

And, yawn, it's because we are building far too few houses to meet a London population growing by 110,000 a year.
oh yeah, completely agree.... my point was just that the people who do buy are not all oligarchs/ landed gentry/ city hot shots- there are 'normal' people who buy by putting themselves and their families under enormous pressure and by making huge sacrifices- because they have bought into the home owning dream
 
Free market and free world are different things.

Last 30 years of so called free market has led to increase in inequality for example.

The problem with most people who spout "free market" rhetoric, is that they're invariably too shallow to have actually explored the effects of the free market, or too greedy to give a fuck about the effects.
 
That's not true at all. The Streatham branch of Foxtons only opened a couple of years ago and it was greeted with the same mistrust and hostility as the Brixton one, certainly amongst people I talk to. And the effect they've had on the area has been terrible - driving up prices, ramping up greed, leaving vendors with houses they're unable to sell because they've been put on at an inflated price. Foxtons are evil, money-grabbing cunts, and we don't need to be more tolerant of that at all.

TBF, according to folks I knew in SW11, even Nappy Valley had an "oh fuck" moment when Foxtons first rocked up in Lavender Hill, and that was ages ago.
 
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