You are reading a single comment by @wildwest and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
wildwest
Just today I was idly looking on Rightmove.
I noticed two houses in leytonstone.
One had been done up extensively but in some respects strangely. 5 bedrooms due to loft conversion. £1.4m.
Another house, similar to what the above would have been like pre renovation, but a total wreck inside, 3 bedrooms. £800k.
One of today's headlines was "biggest fall in UK employment in a decade".
People are losing their jobs. Corporate earnings are taking a battering. Corporate debt is scary.
And yet asset prices are at all time highs?
If that makes sense, let me know how.