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Harringay, Haringey - So Good they Spelt it Twice!

Sorry to mention the elephant in the room but something scary is happening to house prices in the local area. I'm talking about some places rising by over 10% in the last week. Nearly 40 % in the last two years.

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 ....

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"Pam's Law" - brilliant.

Pam, so I don't mislead you and anyone else reading this thread, I checked with Cllr Pat Egan, the Labour Chief Whip. He confirmed that when two LibDems councillors became Independents: "'. . . the balance changed. As a result Planning went  up by one on our side. This was checked and verified by officers."

Wow...

I love the way the ad makes no reference whatsoever to the fact that this place is (a) a Hobbit House and (b) just utterly crazy - surely its two sole selling points?

What with the purple house and some of the craziest prices asking I've seen in my life, this has been an odd week for property.

That house could be lovely.......

Look what £300k will get you in Liverpool 'burbs.  They have recently dropped the price by 50k, can't imagine why it hasn't sold.  The slideshow may give a clue.

Oh my! Remember that Ike. ad?

"Les gouts et les couleurs ne se discutent pas" (=You can't argue about taste and colours).

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.

That zoopla advertised Hobbit House is Very close to public transport (and the public at large)! 

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.

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.
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.

It's called Council Tax banding

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