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

I don't think any of my friends would be "delighted" by a Foxtons opening up in their town. Why would they? Their presence almost always heralds the start of house prices rising.
You've answered your own question there.

Edit: Are people suggesting that these mysterious 'young professionals' are able to afford £500k flats as first time buyers?
 
To be honest, I'd have supreme trouble retaining people who are 'delighted' to see house prices soar as friends.
If people have worked hard to buy a property then they're entitled to take satisfaction if it rises in value in my view.

Each to their own though.

Edit: I fear these views won't go down all that well...
 
If people have worked hard to buy a property then they're entitled to take satisfaction if it rises in value in my view.
And a lot of people work even harder and never manage to get on the property ladder. But being "delighted" that a bunch of cunts like Foxtons are moving into town? Come on...

This whole celebrating house prices thing is insane anyway. Your house might go up in value but so does every other house so unless you intend to sell the thing off and live in a tent it's a meaningless profit, which continues to price out the poorer elements of the community.
 
Hey, if you want to hang about with jolly chums who are simply delighted about the prospect of communities being torn apart by house price increases, that's your call.

Bit of a jump there Ed. That's not even what they were reported as saying.
 
Bit silly blaming house price rises on a sole estate agent. Houses are worth what people are prepared to pay for them, basic economics.
 
Foxtons distort markets. Of course they can only do that with the bounds of what people will / can pay, but in London there's no shortage of desperate people who will pay whatever they and their parents can afford to get their first place before prices rise even more.
 
I generally don't believe all the current hype about house prices anyway. Watch what happens when interest rates go back up, we'll see a lot more sellers on the market. Buy to let people will start cashing in!
 
Bit silly blaming house price rises on a sole estate agent. Houses are worth what people are prepared to pay for them, basic economics.
It's as much as what Foxtons represent as the impact they have in an area - and the fact that they have form for ripping off tenants and have been taken to court for their dodgy business practices. And it's still going on.
Tenants have reported being forced to pay more than £500 in various administration fees to secure a privately let home, on top of a month's rent and deposit. Foxtons charges new tenants £420 as an "administration fee", £210 to change a tenant's name on the contract and £96 to renew terms.
http://www.theguardian.com/money/2013/jul/05/tenants-target-foxtons-branches-fees
 
I generally don't believe all the current hype about house prices anyway. Watch what happens when interest rates go back up, we'll see a lot more sellers on the market. Buy to let people will start cashing in!
I'm sure those struggling to find an affordable place to live will be relieved to hear this.
 
Hey, if you want to hang about with jolly chums who are simply delighted about the prospect of communities being torn apart by house price increases, that's your call.

Since I have stated repeatedly here how mad it is to welcome rising house prices - and how such rises hurt owners as well as tenants - I resent the tone of your post, especially the little 'jolly chums' dig.
 
Since I have stated repeatedly here how mad it is to welcome rising house prices - and how such rises hurt owners as well as tenants - I resent the tone of your post, especially the little 'jolly chums' dig.
Are they not (a) your friends (or chums) and (b) "delighted" (or jolly) at the news of Foxtons opening?

That's what you've been repeatedly stating here so I'm not sure how you can be resentful of me simply quoting back what you've said.
 
Are they not (a) your friends (or chums) and (b) "delighted" (or jolly) at the news of Foxtons opening?

That's what you've been repeatedly stating here so I'm not sure how you can be resentful of me simply quoting back what you've said.
I'm the only person who thinks like me. Does that mean I should get rid of all my friends who hold different views?
 
Didn't you ban someone yesterday for a similar misinterpretation?
No I banned someone for continuing, unprovoked, disruptive, cross-thread personal attacks. Looks like you're keen for a bit of disruptive cross thread beef too.

There's a feedback forum if you have a massive problem with a mods decision. Kindly use it rather that dragging a thread off topic. Thanks.
 
I'm the only person who thinks like me. Does that mean I should get rid of all my friends who hold different views?
Nope, haven't said that and haven't even suggested it. I just expressed my personal opinion on the matter, if that's OK with you.
 
Watch what happens when interest rates go back up, we'll see a lot more sellers on the market.

True words because all the people who thought it would be a shrewd move to get an interest only mortgage on overvalued property
will find their repayments go through the roof, hence loads of repossessions.
 
True words because all the people who thought it would be a shrewd move to get an interest only mortgage on overvalued property
will find their repayments go through the roof, hence loads of repossessions.

Which is a big issue for the Government and the new BoE governor, because rates have to normalise at some point.
 
Every time the news comes on and some smug dickhead is presenting soaring house process as a great sign for the economy and jolly good news all round, I wish my fist could traverse the medium of digital airwaves.
 
Which is a big issue for the Government and the new BoE governor, because rates have to normalise at some point.
The thing with interest free is its just a form of renting with benefits so when people do it they are often just waiting for prices to go up so they can cash in and fuck off somewhere leafy
the logical result is that they dont give much of a toss about little things like community or a sustainable local economy, as long as theres a tesco nearby and a good piss up/ top nosh
at the end of the week eveythings cushty.... and as the editor says the goggle box pumps out that rising price are a good thing on a loop guaranteeing that shallow self interest
stays at the front of their minds...... lets face it those at the top of government or the financial markets rarely find themselves living in cardboard boxes once it all goes horribly wrong
 
It will go on until property is properly taxed (capital gains tax, income tax, inheritance tax)

The only people who can tax it are politicians, who just about all own multiple properties.
 
Not really - it will go on until there are as many houses built as people who want to live in them. London used to be a shrinking city. Now it has huge yearly net influxes of people because it is so much better here than in most of the country and indeed world. There are, famously, lots of empty houses in Lancashire. You can change the way the houses are allocated but you're just shuffling the pieces round.

At some point you either believe in unconstrained growth or sustainable human populations globally and locally http://www.populationmatters.org/attenborough-talk/
 
Not really - it will go on until there are as many houses built as people who want to live in them. London used to be a shrinking city. Now it has huge yearly net influxes of people because it is so much better here than in most of the country and indeed world. There are, famously, lots of empty houses in Lancashire. You can change the way the houses are allocated but you're just shuffling the pieces round.

At some point you either believe in unconstrained growth or sustainable human populations globally and locally http://www.populationmatters.org/attenborough-talk/

I had grown tired of making that argument on this forum.

London's population rose 145,000 last year.

But, apparently, that neither puts pressure on school places or pushes up house prices and rents!
 
Yet another flier from Foxtons this morning, in which they claim to have sold 226 Brixton homes since arriving in March.
 
I haven't had any since I took one in and told them to stop sending me stuff.. Every other estate agent in Brixton has people ready and waiting to buy or rent my house at least once a week though.
 
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