FridgeMagnet
Administrator
Almost as if there is some sort of bubble that is going to burst because nobody will be able to afford anything beyond older investors and the super-rich.
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Work starts on the eagerly awaited new Foxtons office on Brixton Road
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cuppa tee
Well-Known Member
no, not for secondary unless it's changed since last year
leanderman
Street Party: July 2
Any attempt to crack down fails. Only parent has been prosecuted - and even the open-and-shut case against her collapsed.
cuppa tee
Well-Known Member
it was pointed out to us during secondary transfer that certain schools actually like those parents who will do a bit extra for their kids....
leanderman
Street Party: July 2
Which helps explains why school-run lottery systems are not above suspicion
Manter
Lunch Mob
Jesus…. they should be encouraging parents to spend an extra 20 minutes reading with their little darlings, not to falsify official records. What sort of example does that send the next generation, FFS? All this talk of schools needing to provide a moral structure and social education, and the parents are teaching the kids to be devious, self serving shits who lie, scheme and trample on others for the slightest advantage.
ahem. <<climbs off soapbox>>
we didn't offer on a couple of things 2 years ago because we thought they were over priced and optimistic (I was quite rude to one of the estate agents). Now we look very silly as we'd have been quids in
Lol! I could say the same, the amount of times we have passed up on property only to see it double and in some cases triple in value. We did buy a while back, ended up moving a few times and are now settled in Streatham. We passed up on a few what could be described now as "bargains", didn't want to mortgage ourselves up to the hilt at the time.
Despite all that I honestly can't see how the current prices can stay at their current level, there is only so much money the government can print and interest rates cannot stay as they are forever. The Economy is still on a Life Support Machine, no two ways about that.
Prices have gotten out of control in London, they are totally detached from reality.
leanderman
Street Party: July 2
I am not sure it will stop: London is now pretty much a global city state, with huge inflows of money and people.
It has to stop, prices are not reflective of what the average Londoner earns. I am not expecting a crash or for prices to become affordable to everybody, but the cost of a 1 bedroom Flat being on average 9 or 10 times more than the cost of the average London wage? We are not even talking about prime London areas either, in some cases standard zone 3 areas such as Streatham!
I personally cannot see how this London Housing Market can survive on Foreign investment. The market needs to work from the bottom to the top, not just at the top.
The housing market just like the economy is completely lopsided.
Manter
Lunch Mob
I was reading somewhere that businesses want the government to address it as it is starting to cause them issues with staff
Manter
Lunch Mob
That's a complete misunderstanding of the point
Businesses are saying no one can afford to live in London, and no one can afford to move to London. That's not a 'we can't get the staff' snottiness about cleaners or whatever point you're trying to make, it's business leaders going to the government and saying that London's out of control housing market is seriously affecting business which will have long term effects on the economy. It's the sort of intervention that will raise alarms and may actually get something done.?
ddraig
kicking against the pricks...
so how is it not 'we cant get the staff' again??That's a complete misunderstanding of the point
Businesses are saying no one can afford to live in London, and no one can afford to move to London. That's not a 'we can't get the staff' snottiness about cleaners or whatever point you're trying to make, it's business leaders going to the government and saying that London's out of control housing market is seriously affecting business which will have long term effects on the economy. It's the sort of intervention that will raise alarms and may actually get something done.?
ah business leaders, the caring pressure group that will bring some sense and equality to house prices, riiiiight
some of them realised a bit late that it is affecting some of the people at the lower end of their organisations
maybe their receptionist was late a few times due to living so far out and transport issues and they had to *shudder answer a call themselves or *gasp make their own tea/coffee
Manter
Lunch Mob
Your bitterness is clouding your judgement. Businesses are not made up of poor downtrodden workers and evil, cigar chomping fat cats, they are much more complex than that, with many more layers. And I never said it was business leaders being caring, it's about economics. An economic imperative may force government intervention.so how is it not 'we cant get the staff' again??
ah business leaders, the caring pressure group that will bring some sense and equality to house prices, riiiiight
some of them realised a bit late that it is affecting some of the people at the lower end of their organisations
maybe their receptionist was late a few times due to living so far out and transport issues and they had to *shudder answer a call themselves or *gasp make their own tea/coffee
(For the record the vast majority of business leaders I've worked with make their own coffee, and answer their own phone. The business world really doesn't work like an episode of Mad Men anymore)
ddraig
kicking against the pricks...
my bitterness? wtf
where has that comment come from?
ddraig
kicking against the pricks...
i did dramatise the point slightly and i am aware that it is not that simple
my point is that this has been going on for years and not many people, certainly not business, gave a shit when it was cleaners having to spend hours travelling to sometimes numerous shitty jobs as they could only afford to live much further out.
i also know all too well that governments listen to business, bend over for business and do allsorts for their mates and to keep their donations coming in alongside the directorships, free lunches and dinners.
does it have to be that way? does the massive gap between those at the top and those at the bottom only appear on the radar when it starts affecting some junior staff or some relative of theirs who can't buy in Balham for example?
Manter
Lunch Mob
Sorry, it was a bitchy comment from me and didn't really help the discussion
Manter
Lunch Mob
yes, completely agree with you on that. But the point is that now they can't get junior staff- or for that matter most middle managers*- maybe, just maybe, something'll be done. Not right it has taken till now, but surely the government can't continue to ignore the problem?
*or even quite a few senior staff (thinking of a guy I spoke to before I went on mat leave)
editor
hiraethified
Thanks to RoyReed for letting me share the love about the subverted estate agent boards.
http://www.brixtonbuzz.com/2014/02/...s-subverted-by-i-love-council-houses-posters/
http://www.brixtonbuzz.com/2014/02/...s-subverted-by-i-love-council-houses-posters/
It's great to see some signs of protest.
Pickman's model
Starry Wisdom
i spotted a foxtons mini in the angel yesterday. fuckers seem to have brought them back.
CH1
"Red Guard"(NLYL)
Sorry to interject when the moment has passed but...
My mum started teaching me to read before I went to infant school.
Was she self-serving, or are you saying that modern mums just pretend to do such things so they can tick boxes?
Am I abnormal or has the world gone mad?
Confused of Coldharbour Lane?
T & P
|-o-| (-o-) |-o-|
Even if there was a justification in the past for estate agents' signs to be put up and invade public space, surely in this day and age there is absolutely no need for them? Why are they still being allowed this absurd practice/ free advertising? Who the fuck roams the streets trying to spot 'for sale' signs when looking at buying a house nowadays?Thanks to RoyReed for letting me share the love about the subverted estate agent boards.
http://www.brixtonbuzz.com/2014/02/...s-subverted-by-i-love-council-houses-posters/
Manter
Lunch Mob
what he says. its aimed at sellers, so they think 'oooh, they're busy round here, I'll list my house with them'
cuppa tee
Well-Known Member
some people find it tedious and time consuming so they pay someone else to do it....... it's also not unheard of to ship private tutors to rented Tuscan villas for the summer hols so DD or DS has the edge when it comes to entrance tests etc.
T & P
|-o-| (-o-) |-o-|
It still shouldn't be allowed, though. I struggle to think of any other industry where companies are allowed to plaster advertising boards all over public roads and (presumably) without having to pay any fees or taxes for it, informing everyone of their commercial transactions.
Must be very wealthy landlords.
Unless you are in a situation where you have no alternative but to invest your "surplus" amounts of wealth into property, I can't for the life of me understand how spending 500K on a 1 bed flat amounts to a good investment. I dunno...maybe I am missing something here.
Well assuming that most London properties increase in value or stay the same and assuming that most landlords are well off so have access to deposits and cheap mortgage, they can buy a flat and get someone else's rent to pay off the mortgage. Thus adding to their property portfolio. And if things stay as they currently are, they will also make profit as mortgages go down and rents go up.
ViolentPanda
Hardly getting over it.
Yep. The person who bought a mate's 2-bed flat at Amen Corner, did so for that purpose. "Lived" there for a year during the week (actually living in the family home in South Wimbledon, but paying the utilities and council tax for the emtpy flat), then once the kid was in school, sold the place. Cost: About £8,000 excluding fees, which he made back when he sold the flat. It's cuntish because it "steals" places from local kids (my brother's two kids went to Graveney, but they lived in the cachement area since the eldest was primary school age), some of whom end up having to travel several miles to alternative schools.
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