Owning your own home

where are you with yours boss? I am instructing solicitors ..

Good luck too them. Although I think even the foreign buyers are drying up despite the 25% discount they're now seeing with drop in sterling.
Some of the Battersea 'luxury' developments can't give em away atm

Yeah it was a couple of years back now... I can imagine things are quite different now!

I'm moving out.

(new Archibalds menus should be rolling out soon tho, think they were back from the printer today)

I'm moving out.

Bromley? Suits you.

yeah there abouts. lots of letters flying back and forth and lawyers wanting cash up front for searches etc. think we've gotten further with the sale of our current place that with the new one. presumably this is due in no small part to the seller currently lording it up on a yacht in the south of france.

Last bit sounds familiar. When we bought our place the seller was on holiday for most of the process - spending our money in advance no doubt.

Buy To SHIT more like isn't it tho

Looks like there's a problem here.

Oh yeah; capitalism.

'>>>>>>>> glib twitter reactions thread

Nah. Capitalism is OK so long as you build loads of council houses, keep building them and don’t then sell them off cheap.

It’s really just a case of building more stuff. It doesn’t actually matter who owns it.

Maybe I should get a Twitter account.

Question is, will the interest rates allow me to purchase 200 acres of the South Downs when we're in the pit of the post-Brexit recession?

Question is, will the interest rates allow me to purchase 200 acres of the South Downs when we're in the pit of the post-Brexit recession?

When they sell off the National Parks? Landowners already own them after all.

so long as you build loads of council houses, keep building them and don’t then sell them off cheap.

Exactly - the market, left to its own devices, produces socially undesirable outcomes. So we can choose to intervene in the market to fix it.

The debate is really about who does this, how much and when. And for whose benefit.

The Tories.

By incentivising people to buy new houses.

For the benefit of their mates who build new houses.

anyone using a second charge mortgage for anything?

my lease extension will be costly, and I don't think my current mortgage provider will stump up enough.

Is that the one in The Bridge with the tall blondes or the other one with the tall blondes?

Beer?

Yeah, everyone's £ will be worth less so we'll all be doomed to stay where we are on the ladder of shit.

Russia worked out well.

Isn't that the other ism?

Who's gonna build? There's no money in it with all these fixed rents, low house prices :)

They're mine!
Oh wait, that's south of the river? Fuck it, yours.

I'll buy everything on Uxbridge Road, ban cars then fuck off to Italy and race ice cream vans around the countryside.

Sell your house, live in a tent, buy a Lamborghini.

It’s really just a case of building more stuff. It doesn’t actually matter who owns it.

This. Supply and demand sets prices. Always has, always will until we live in the promised workers' socialist paradise. If house prices are too high, you need more houses. The problem isn't who owns the houses, it's how many there are. And that's determined by planning controls which seek to artificially limit development, the inevitable result of which is higher prices. All the rest is just lost in the noise.