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

there was an article in the guardian about notting hill saying its going the way of chelsea and the chattering classes are priced out. The north london media set are obviously feeling vulnerable

It was a fascinating piece. London is changing bewilderingly fast.
 
There's an Economist article today citing the polarisation of Islington as the chattering classes get priced out, leaving them with no option other than to bite the bullet and move south.

Gentrifiers reap what they sow. I give it five years before the chattering classes are chattering about a new deli opening up in Bexleyheath.
 
My original idea was to ring up all the estate agents and say I own a load of old victorian houses in Brixton that I'm desperate to get rid of quickly (cashflow problems) and give them a load of appointment times and addresses all over the borough........then go down the pub, sit back and enjoy.

A pub conveniently located so that you can watch Fuckstons minis buzzing back and forth all day? :)
 
There's an Economist article today citing the polarisation of Islington as the chattering classes get priced out, leaving them with no option other than to bite the bullet and move south.

My heart is bleeding for them.

No, hold on, that's my haemorrhoids bleeding for them!
 
Gentrifiers reap what they sow. I give it five years before the chattering classes are chattering about a new deli opening up in Bexleyheath.

And so the eternal cycling of the wealthy between centre and periphery will continue, with the poor shoved hither, thither and yon, by the elbows-out "chattering classes" and their wannabees.
 
There's an Economist article today citing the polarisation of Islington as the chattering classes get priced out, leaving them with no option other than to bite the bullet and move south.

Guy who wrote that lives opposite. Spoke to him yesterday about it and he sees pricing out as being a matter of 'choice'. When really it is the opposite.
 
I said I'd quite like a larger place, or at least one with a proper garden, but have found that impossible locally, because of soaring prices, yet don't want to have to move further out. He replied: 'Well, that's your choice.'

I suppose it is. But it's less choice than I had only a couple of years ago.
 
I don't understand how people can afford these prices, in terms of salary multiples, if nothing else.
Wealthy cash buyers, they don't have salaries, they have trusts. Sure I read somewhere that houses at that price don't tend to be bought with mortgages.
 
Wealthy cash buyers, they don't have salaries, they have trusts. Sure I read somewhere that houses at that price don't tend to be bought with mortgages.

A sale in our road two years ago went unrecorded, with the house being registered in an offshore trust. Occupied by a very alternative-looking student girl - presumably the heiress - and her mates.
 
I was talking to someone last night - someone who is heavily linked with Brixton properties* - and he was very much of the opinion that people living in "subsidised" council estates in Brixton should be forced to move away to make way for the new wealth coming in. No, really. :facepalm:

His argument was that "If I cant afford to buy a house here, why should they be allowed to live here."

He didn't specify where these poor people should go.

(*I don't want to say who here so please don't post up guesses, but happy to share via PM)
 
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I was talking to someone last night - someone who is heavily linked with Brixton properties* - and he was very much of the opinion that people living in "subsidised" council estates in Brixton should be forced to move away to make way for the new wealth coming in. No, really. :facepalm:

His argument was that "If I cant afford to buy a house here, why should they be allowed to live here."

He didn't specify where these poor people should go.

(*I don't want to say who here so please don't post up guesses, but happy to share via PM)

Not really sure why you wouldn't name and shame someone with such a nihilistic attitude towards the area

But that said, can I chime in with the first 'Cunt'

Cheers
 
I was talking to someone last night - someone who is heavily linked with Brixton properties* - and he was very much of the opinion that people living in "subsidised" council estates in Brixton should be forced to move away to make way for the new wealth coming in. No, really. :facepalm:

His argument was that "If I cant afford to buy a house here, why should they be allowed to live here."

He didn't specify where these poor people should go.

(*I don't want to say who here so please don't post up guesses, but happy to share via PM)
fucks sake, what an arsehole
 
I was talking to someone last night - someone who is heavily linked with Brixton properties* - and he was very much of the opinion that people living in "subsidised" council estates in Brixton should be forced to move away to make way for the new wealth coming in. No, really.
His argument was that "If I cant afford to buy a house here, why should they be allowed to live here." He didn't specify where these poor people should go.
It seems to have come to this with Lend Lease in Elephant & Castle. The Heygate is gone and now Southwark Council have threatened the shopping centre owner with compulsory purchase unless they agree with a "partner" to have total demolition and rebuild.
Brixton residents need to be vigilant. So far Lambeth schemes have been mixed upgrades with new private - Guinness Trust, Myatts Fields, Stockwell Park/Robsart. Read this description of Myatts Fields: "This PFI contract encompasses nearly 1000 properties, and features the reprovision of 305 existing Lambeth dwellings and the refurbishment of 172 leaseholder properties. As part of the private cross subsidy a further 503 apartments and houses for sale, rent and shared ownership will be constructed." This is the development being marketed as "Oval Quarter" in Hong Kong and Kuala Lumpur.
 
I was talking to someone last night - someone who is heavily linked with Brixton properties* - and he was very much of the opinion that people living in "subsidised" council estates in Brixton should be forced to move away to make way for the new wealth coming in. No, really. :facepalm:

His argument was that "If I cant afford to buy a house here, why should they be allowed to live here."

He didn't specify where these poor people should go.

(*I don't want to say who here so please don't post up guesses, but happy to share via PM)

Property-owner scumbag in "shit attitude towards people who don't own property" shocker!
Prevalent attitude, too. Even a few of our Labour councillors have expressed similar sentiments amid their whining about Lambeth having "too much" social housing.

Cunts, and rapists of livestock, the lot of 'em.
 
(*I don't want to say who here so please don't post up guesses, but happy to share via PM)
I think you're being far too kind. I think anyone with such opinion should be brought into the public eye and invited to defend/ expand on such appalling views.
 
"London’s most dynamic and desirable new neighbourhood". I'm not interested unless there's vibrancy going on.
Its got a very vibrant website: http://www.ovalquarter.com/
I'm sure the other day I found myself looking down the barrels of the guns outside the Imperial War Museum on there. They definitely claim the Ritzy as local. And the Festival Hall. If they get the Town Hall Campus contract you know what you'll get - PFI and all.
 
As a slight aside, I have been looking at this
https://twitter.com/OvalQuarter
and it appears the marketing team are dipping into
local blogs and listings presumably to sell the area
to potential buyers.

Had a look at there twitter. They put up this article from the Telegraph. The lastest thing is to rent in London not buy. As London is so expensive buy a place outside London as buy to let property.

Housing in this country is in mad situation.
 
Had a look at there twitter. They put up this article from the Telegraph. The lastest thing is to rent in London not buy. As London is so expensive buy a place outside London as buy to let property.

Housing in this country is in mad situation.

That article makes no sense at all.

FT points out this weekend that in most places it is cheaper to rent than to buy under the new help to buy 95pc mortgage scheme.
 
Had a look at there twitter. They put up this article from the Telegraph. The lastest thing is to rent in London not buy. As London is so expensive buy a place outside London as buy to let property.

Housing in this country is in mad situation.
So even buy to let investors are being forced out by high London prices.
Actually I think the whole buy to let business is comparable to the fad for time shares about 20 years ago. It all ought to end in tears - but who can say when the markets themselves are now manipulated by the Bank of England and the US Federal Reserve Bank?
 
So even buy to let investors are being forced out by high London prices.
Actually I think the whole buy to let business is comparable to the fad for time shares about 20 years ago. It all ought to end in tears - but who can say when the markets themselves are now manipulated by the Bank of England and the US Federal Reserve Bank?

A rich person can put down £500,000 on a Notting Hill flat and borrow the remaining £500,000 interest only for £1500pm. Let it out at £3000pm and also expect its value to increase by 10pc a year.


So, a £120,000 annual return on the £500,000.

Bonkers.
 
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A rich person can put down £500,000 on a Notting Hill flat and borrow the remaining £500,000 interest only for £1500pm. Let it out at £3000pm and also expect its value to increase by 10pc a year.


So, a £120,000 annual return on the £500,000.

Bonkers.
If that were true then listed property companies would be doing it. They're not.
 
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