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

I keep getting constantly letters in the post for renting out my flat. Having a look at zoopla the rent would be 50% higher than the mortgage, (but then I would have to find a place to live). That's madness!
 
I keep getting constantly letters in the post for renting out my flat. Having a look at zoopla the rent would be 50% higher than the mortgage, (but then I would have to find a place to live). That's madness!

Phone their head office. If the letters are sent to an unspecified person (ie to 'the homeowner') , give them your address, tell them you own the property (even if you're just renting), and that you wish to be immediately removed from their mailing list. If they ask for your name, refuse to give it - tell them the mail was unsolicited and you do not wish your name to be on their records. Once they've said they're sorting it, hang up without saying thank you.

Worked for me.
 
Friends of a friend used to rent the flat that was on top of the printworks on Brixton; apparently it was a lovely big three-bedroom place.

The developers are obviously squeezing as many bedrooms in as they can now.

Edit: I'm intrigued by the 'bulk buy' option on the Foxtons website...
 
Friends of a friend used to rent the flat that was on top of the printworks on Brixton; apparently it was a lovely big three-bedroom place.

The developers are obviously squeezing as many bedrooms in as they can now.
To be fair - they don't look squeezed. They are still huge flats. The layouts are just a bit - meh - for a nigh on million squid.
 
With thanks to a certain urban poster. :)

foxtons-planters-brixton-5.jpg


http://www.brixtonbuzz.com/2014/02/...ctive-planter-from-foxtons-estate-agent-sign/
 
School cashment.

But there is no sign of this madness ending.

Imagine what you could buy outside London for £650,000 - instead of this two-bed flat in Brixton.

price drop to £625,000: http://www.zoopla.co.uk/for-sale/details/31713328?search_identifier=5ac30f2e7d809ee52aa92ca0655f0f47
that flat is awful, the windows are right on the street and are totally rotten and bodged full of filler

is it even in sudbourne school catchment area at that end of the road?
 
it's actually a bit sickening, really.

i honestly don't know how prices can get any higher?
Check Janet Yellen. If she continues to allow US interest rates to rise, they will rise here too (or mega food/petrol inflation). That will stop it.
 
Check Janet Yellen. If she continues to allow US interest rates to rise, they will rise here too (or mega food/petrol inflation). That will stop it.

And if people are borrowed to the hilt, rates go up, mortgages go up, they have to sell, supply increases and prices go down.

That might not impact the speculators much though.
 
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i wouldn't buy it. put interest rates up and that'll slow it down and places like that i would think might even go down in price. there's so much more out there. you can buy a fucking beautiful mansion in thornton heath or south norwood for that which is only 13 mins on the rattler from central london.
 
That might not impact the speculators much though.
How come Oval Quarter is advertised on the Brixton tube escalator? Are they running out of takers from their Kuala Lumpar/Hong Kong/Singapore roadshows? Or are the ads for desperate shared ownership punters?
 
Check Janet Yellen. If she continues to allow US interest rates to rise, they will rise here too (or mega food/petrol inflation). That will stop it.

Doubt it will make much difference - and rates will rise only very slowly.

London house prices/rents will still be underpinned by

Exceptional population growth
Tax breaks for landlords
City bonuses
Foreign money
Lack of building
Britain's london-centrism

Etc etc
 
Build a million council homes. Put people back to work. Increasing the tax base.
Permit local authorities to levy a property tax specifically for house building.
Have a windfall tax on all domestic and commercial capital gains of landlords over the last 10 years. Put the revenues into house building.
Abolish "Right To Buy" and "Help To Buy".
Compulsory purchase of "Buy To Let" properties by the state at their original market value.
Abolish commercial landlordism.
Stop blaming foreigners for the shortcomings of the free market.
Stop seeing the housing crisis as an exclusively middle class issue. The media are particularly guilty of this.

Tinkering with interests rates (impossible anyway) and taxation are market mechanisms when it's the market that is at fault. It's like fiddling while Rome burns and Brixton overheats. The madness of neoliberalism permits mortgages to be cheaper than rents. It's a capitalist cruelty that creates overcrowding, forces people away from neighbourhoods they grew up in, provides little or no provision for the poor and ultimately leaves people homeless.

If you are homeless and on the streets the same system criminalises you. If you show some initiate and squat an empty building the same sick system criminalises you. The real criminals are those that keep a building empty and land undeveloped to turn a profit on investment.

For as long as i can remember, housing has been the only market where rising prices were greeted with glee. Now that's beginning to change but only because the middle class are beginning to feel the pain the poor have always known. The poor shouldn't look to them for salvation nor their political persecutors who put them in privately run jails having put them out of their homes.
 
And another thing, why should homeowners get mortgage tax relief? If you believe in the free market pay for your own mortgage. The state should have no business in helping individuals purchase assets for their own enrichment.
 
And another thing, why should homeowners get mortgage tax relief? If you believe in the free market pay for your own mortgage. The state should have no business in helping individuals purchase assets for their own enrichment.

Mortgage tax relief was basically scrapped in the 80s and finally removed by Brown
 
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