Harringay, Haringey - So Good they Spelt it Twice!
House prices
Speak to the estate agents, something unprecedented it's happening with the cost of home ownership, especially between wood green tube and ally pally.
It's possible this government may become known as seeing through the largest distribution of wealth from the poor to the rich ever ....
Replies to This Discussion
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Permalink Reply by JJ B on
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Oh my! Remember that Ike. ad?
"Les gouts et les couleurs ne se discutent pas" (=You can't argue about taste and colours).
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Permalink Reply by Finsbury Park Ranger on
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Permalink Reply by Alan Stanton on
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Some new 400sq ft one-bedroom "pocket-sized" flats in Camden will go for only £230,000.
Marc Vlessing, the former investment banker, marketing these "pockets" is quoted saying that: "We really need to start waking up to the fact that if we don't start building enough [affordable] housing, then we're going to lose the people who make the economy work" .
He's right, of course. But all is not lost. I've come across enterprising local landlords doing their bit to meet people's housing needs in what look like garden sheds at the back of carparks and down some back alleys.
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Permalink Reply by matt on
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That zoopla advertised Hobbit House is Very close to public transport (and the public at large)!
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Yeah, not for the feint hearted.
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Pam you forget to mention that cllr McNamara was asking all those questions. He was on that planning committee that approved the last Grainger, demolish-our-heritage-assets-and-displace-our- community's-local-independent-traders-to-bring-in-national-retail>> plans.
Don't forget the way in which Grainger appealed against the refused plans, was probably talking with the Council about submitting a "new" application and then promptly withdrew the appeal once that was granted permission.
How at the Development management forum they closed the meeting down because they couldn't answer questions from the floor and it became so heated. The Moselle room had no space left for people to come in.
It all may have been legal but for councillors who are meant to represent the community's interests it stinks like hell.
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Today the standard is saying that Harringay can expect galloping house prices going forward ...
http://www.standard.co.uk/news/london/average-london-home-will-cost...
Also here HOL gets mentioned and it says that whole houses in the ladder are now more expensive than houses converted into flats.
http://www.homesandproperty.co.uk/area-guides/greater-london/harrin...
They say you can tell an up and coming area when houses are being converted into flats .... and you can tell a really up and coming area when the flats get turned back into houses ...
Not sure where all the spare people will end up living though.
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Permalink Reply by JJ on
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When interest rates go up the bubble will burst. A lot of people buying now at stupid, inflated prices will be left unable to afford to service their debts, repossessions increase and prices fall. Buy to let landlords see their margins shrink and they are forced to sell or are repossessed and prices fall. London no longer seems so attractive to foreign investors and prices fall. A downward spiral happens. We have learned nothing. When the next crash comes taxpayers will not be in any position to stump up the cash to save the economy. Catastrophic collapse happens.
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Do you think ? I think they will just print more money. We'll see hyper inflation spikes like we've already seen in bit coin happen in art and lots more increases in property prices as will as fuel and food.
All that's going to happen in the short to medium term in my opinion is everything is going to get more expensive. Trick is to own some things where the hyper inflation is going to bleed into and don't rely on just working for paper money which they are printing more and more of.
Personally think it's a very clever time to start buying houses or gold or silver unusual crypto currencies or wheelbarrows or guns or technology shares.
Just don't let your savings sit in the bank, savers are being silently taxed like never before.
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Of course they will do their best to suppress the price of gold and silver and go to all lengths to cause crypto currencies problems, they will rightly keep tight checks on guns and tech shares will tumble at every suggestion the printing press gets turned off ...
So property (and art) look like the best bets as well as wood burners and community food growing gardens, energy saving devices and exporting anything we bloody well can to stock up on all the real things now that we need that will cost a heck of a lot more further down the line.
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Jesus, who knows really. I kind of think after the 2008 bank crash that's it, things will never go back to where they were. The system is finished. Wages are falling whilst housing costs, energy costs, travel costs, food costs etc are rocketing. Personal debt is huge and indebtedness is the norm, that's before we think about the national debt. It doesn't take an economic genius to work out that huge hikes in housing costs are unsustainable. 'market corrections' never end in smooth plateaus they end in crashes and once Osbornes help to buy kicks in then plenty of this debt will be underwritten by the taxpayer. The term 'sub prime' springs to mind. We have an economy based on debt so it's hard to not be pessimistic. But god knows what will happen, we're in uncertain times.
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Looks like a spare bedroom tax on private property could be a good solution to the 'housing crises' to me ...
http://www.standard.co.uk/lifestyle/london-life/bubble-trouble-dann...
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