Random Questions: Living in london (finding somewhere)


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Bails78
Bails78 avatar

733 posts since 6/1/08

5 Dec 2015 14:48
Dies anyone have any food recommendations for Brixton Village, thinking Thai or Lebanese?
Eskiboy
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72 posts since 16/12/14

5 Dec 2015 14:56

Maassive influx of hipsters all the way from Tottenham Hale to Seven Sisters in all the warehouse studio housing. Ended up in 3/4 different parties last Friday Laughing out loud
stoney
stoney avatar

17758 posts since 22/1/05

11 Dec 2015 20:42
Surveyed a flat today on the fulham riversude development, 1 bed flat, tiny 500 sq ft, no parking, agreed at 720k, the world has gone mad.
ShaneB
ShaneB avatar

908 posts since 28/11/10

posted 12 Dec 2015 10:36, edited 12 Dec 2015 10:36
stoney wrote: Surveyed a flat today on the fulham riversude development, 1 bed flat, tiny 500 sq ft, no parking, agreed at 720k, the world has gone mad.

There's going to be a property crash in London within the next 3-5 years, bigger than the one in the early nighties. You'd be mad to buy now.

Remember, flats in Hackney were changing hands for about 80k in 1988; ten years later in the late 90s they were barely 45/50kk.
jhericurls
jhericurls avatar

97 posts since 7/2/15

12 Dec 2015 11:23
ShaneB wrote: There's going to be a property crash in London within the next 3-5 years, bigger than the one in the early nighties. You'd be mad to buy now.

Only going to be a property crash when there is lack of demand. Which I can't ever see happening. All the jobs are in London, the amount of people moving to London is increasing.
ShaneB
ShaneB avatar

908 posts since 28/11/10

posted 12 Dec 2015 11:34, edited 12 Dec 2015 11:34
jhericurls wrote:
ShaneB wrote: There's going to be a property crash in London within the next 3-5 years, bigger than the one in the early nighties. You'd be mad to buy now.

Only going to be a property crash when there is lack of demand. Which I can't ever see happening. All the jobs are in London, the amount of people moving to London is increasing.

Demand is only a feature of price - it's the quantity of money chasing a limited stock that causes price inflation. If I have 10 pounds chasing 10 houses, how much is each house? What about if there's 20 pounds? Even where there's 10 people the inflation still occurs.
jhericurls
jhericurls avatar

97 posts since 7/2/15

posted 12 Dec 2015 12:27, edited 12 Dec 2015 12:27
ShaneB wrote: Demand is only a feature of price - it's the quantity of money chasing a limited stock that causes price inflation. If I have 10 pounds chasing 10 houses, how much is each house? What about if there's 20 pounds? Even where there's 10 people the inflation still occurs.

Well I hope you're right and I'm wrong. As I can't see myself affording a 1 bed flat for £750k. Where are people getting their money from?
MoB
MoB avatar

37183 posts since 31/8/04

12 Dec 2015 12:56
Probably foreign funded
ShaneB
ShaneB avatar

908 posts since 28/11/10

12 Dec 2015 13:15
jhericurls wrote:
ShaneB wrote: Demand is only a feature of price - it's the quantity of money chasing a limited stock that causes price inflation. If I have 10 pounds chasing 10 houses, how much is each house? What about if there's 20 pounds? Even where there's 10 people the inflation still occurs.

Well I hope you're right and I'm wrong. As I can see myself affording a 1 bed flat for £750k. Where are people getting their money from?

Banks (domestically) and foreign money. Anyone with wealth / capital can leverage it at favourable interest rates domestically, hence all the buy-to-let junk; BTL market has doubled since 08 - it was 7.5% of housing stock, now 15%, largely centred in London & the SE.

Central Bankers are tackling the use of residential property as a financial asset as it's a systemic risk - there's a housing bubble in most major cities across the world, not just London - also Auckland / Sydney / Toronto / San Francisco.
Crackajack
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7962 posts since 21/4/05

12 Dec 2015 13:40
Our own Government is hell-bent on propping it up. Doubt Labour would do any different.
TATE
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331 posts since 5/12/12

1 Jan 2016 16:30
Best burrito spot in Central anyone? Fancy one for tea tonight…
Nobuyoshi
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465 posts since 27/12/13

1 Jan 2016 16:55
From inflation and property crashes to burritos Laughing out loud
Crackajack
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7962 posts since 21/4/05

1 Jan 2016 17:03
TATE wrote: Best burrito spot in Central anyone? Fancy one for tea tonight…

Benito's Hat is decent enough for a chain place.
Homer
Homer avatar

23926 posts since 8/5/03

1 Jan 2016 18:02
Chilango or chipotle
bawseshadz
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1424 posts since 21/9/11

5 Jan 2016 19:59
Any ideas for somewhere to eat around 5/6pm tomorrow in central (Piccadilly, Oxford CIrcus, Leicester Sq etc) for a group of about 9.
Best
Best avatar

9932 posts since 21/10/05

5 Jan 2016 20:07
Ate here at lunch in Covent Garden http://bigeasy.co.uk/
Not ground breaking or anything special, but will suit a big group
MoB
MoB avatar

37183 posts since 31/8/04

5 Jan 2016 20:50
Big Easy is great as you say for what it is, Kings Road ones worth a visit too
San
San avatar

10493 posts since 14/11/05

5 Jan 2016 21:00
Which is the best/nearest tube station to get to Walton Street SW3? Coming from Euston station
jwool
jwool avatar

2704 posts since 16/2/10

5 Jan 2016 21:08
Was disappointed with Big Easy - priced too high for what it was.
Dave4
Dave4 avatar

996 posts since 26/8/07

5 Jan 2016 21:08
I'd say Victoria Line from Euston to Victoria then one stop on the District Line to Sloane Square