Real estate bubble general, continued from here >>76521342
I wish I had a girlfriend.
>>76534449
Got two houses coming to me as an inheritance, shame I won't have them for another 20-30 years. At least I have that to fall back on, if everything goes tits up.
pic related delivers me fresh milk erryday.
Can you say the same amerifats?
That's why I pay £1150 a month to live in a 1 bedroom studio in outer London
>>76534732
He delivers milk and much more. I bet your missus is happy.
I will get a degree in HR in 2 years. Can anyone explain to me how am I supposed to make a living and save with 22k per year and the housing up so high? Where should I focus my goals?
>>76534732
Is it driven by a pooinloo though?
>>76534826
> degree in HR
What?
>>76534732
>Delivering milk and much more
Sounds interesting
>>76534826
>a degree in HR
>people who don't live in vancouver are complaining about housing costs
toppest of keks, famalam
>>76534920
he also delivers fresh bull semen
>>76534669
Where abouts?
>>76534826
Human Resources?
>>76535094
From other thread
>>76535094
>Vancouver
>White
Yes, we know you can afford that from the money you make from your factories back in Shanghai, Mr ching ling pong
>>76535101
Does he milk that as well
>>76535094
Isn't Montreal a real good place to live due to low rents and so on?
>>76535094
>implying
http://ny.curbed.com/2016/4/21/11477788/this-year-new-yorkers-will-spend-two-thirds-of-their-income-on-rent
>>76535191
>>76535094
I thought London had it bad.
Holy cow sticks.
>>76534732
She said she'd like to bathe in milk, he said, "All right, sweetheart,"
And when he'd finished work one night he loaded up his cart.
He said, "D'you want it pasturize? 'Cause pasturize is best,"
She says, "Ernie, I'll be happy if it comes up to my chest."
>>76535224
It's a swedish import
>>76535133
Northamptonshire
>>76535285
Look at this piece of shit for a cool 3 mill
>>76535350
reminds me of the days when I could ejaculate over my head
>>76535354
Is it halal
>>76535385
Not so bad mate, at least you can expect a house. My mother sold up with her partner and they've since pretty much built their own house, it's very nice but I doubt I'll be able to live there when they pass. His son's a top lawyer and we've never been close, I guarantee he'll fuck me over when the time comes.
>>76535419
>>76535094
Why are there bungalows if the land value is so high?
They knocked down all the post WW2 prefab bungalows decades ago in London to make room for highrise flats
>>76534449
Here's why it's going to get worse:
EU migrants are now competing with families for houses. The housing targets in the UK have been missed by something on the order of 50% every single fucking year for about 15 years. And even those targets are too low. This means that your average European migrant wants to go and live 4 to a house, instead of your average house being composed of two adult earners rearing two or more children.
The argument is that economically this is good for the economy. The problem is that it's Anglo-Celtic genocide. The reason for this of course is that 40% of Conservative MPs are landlords and by packing every house with workers, the UK turns into a giant battery farm.
The only thing stopping this from going full steam ahead is the parking crisis. There are not enough places to park cars. This stops houses from going to insane levels of occupancy, but guess what: it gets worse!
Driverless cars will relieve Britain of its parking pressures as statistically a car is only used for about 5% of its life, so the sharing of driverless cars is inevitable. This will mean that the whole of the UK can be turned into HMOs (Houses of Multiple Occupancy), which will give the Conservative overlords a giant golden goose that will never stop laying.
It will also lead to the total destruction of the social fabric of the United Kingdom as the quickest way to achieve this objective is to completely debase the indigenous population (333,000 a year now...lel) which is clearly happening right fucking now.
This is the master plan.
PS In the last general election, the Royal Institute of Chartered Surveyors described UKIP's housing policy as "the only serious policy in this election for addressing the UK's housing shortage".
Say it all. Spread the word. Make sure that the young, disenfranchised cucks of the UK who think that Labour and Conservative are on their side know that it couldn't be further from the truth and that OUR NIGER is their only hope
>>76535419
Come buy some nice village cottages in England, I know an Aussie that's moved here and he's happier here, all of them say they don't want to go back to Australia.
Stay, come back home, we need you and we miss you and love you very much. Come home now.
No troll, no homo only fatherly love.
osborne v andrew neil bbc 1
>>76535521
Hopefully he'll be kind. I'm fairly lucky with family matters, I'm an only child so no selling and dividing the profits. I can actually just live in one of them. One of them is a pretty fucking nice house.
>>76535571
People still value the idea of standalone houses. Also, there are a lot of units in the inner cities of Brisbane, Sydney, Melbourne and Perth, and the Gold Coast as well.
Also, Chinese with many dorrar, and sheer stupidity and madness
Question /pol/:
What are the main political parties offering as solutions to the problem?
I've only heard some vague stuff about clamping down on foreign owners who don't live there most of the year, not sure if it was the Tories or Labour who said it.
>>76535598
Should have listened to Nige back in 1997 when houses were still affordable. This is the mess labour cucks and corrupt tories have got us into
>>76535663
I'm buying a fairly cheap flat in a beautiful coastal area though, but I'd love to pop in for a visit and I hope you'll prepare me a nice cuppa tea :)
lol, you think you have it bad?
This is vancouver, and form a while ago, this house would be atleast 3mil now.
This isn't unique to london at all, its globalism
>>76535094
>that house
>that price
if thats real ho lee fuck
>>76535919
Who'd have thought the descendents of all the criminals we deported would have better quality of life than us, even with abos
http://www.bbc.co.uk/iplayer/live/bbcone
get in here fags
>>76535919
Of course, you're welcome here so long as you're not a Leb, only Brit diaspora.
We want you though Aussies, we need you, out of all them you're our best hope.
Probably the nation we'll give our navy too when we die.
>be me
>24 years old
>work with a couple of people my age
>I attended a shitty comp in a pretty shitty town
>they're all private-schooled etc
>one of the girls my age just bought a flat for £400k with the help of her father
>tfw another is 25 and says she's "sick of renting" and is asking her father to buy her somewhere
Literally another world.
>>76536008
Don't worry, the Muslims are coming. They make properties cheap!
You are going to be missing the Chinese, big time in a few years!
>>76536008
A CAD is only half a GBP. I'd expect to pay over a million for that in London. Not that we have any non-terraced houses.
>>76535225
ya but the economy there isn't too good (most jobs are the vancouver and toronto) and if you don't speak fluent french you have 0 chance of getting hired.
>>76536176
bank of mum and dad
if your parents have assets then you will too.
if you don't you're fucked
Voting for the British Communist party for 100% inhertitance tax to ensure everyone's on a level playing field
>>76536057
There are still beautiful places to live here, although the cities are becoming more and more awful
>>76536185
Globe report on business just found that the average refugee reports more income and pays more taxes in their first year in canada than the average business class immigrant from china.
They can both fuck off but the chinks are far worse.
pls post comfy affordable american houses like in the other thread
>>76536008
Look, its as bad as that here
>>76536176
https://www.youtube.com/watch?v=sdl658l5TTQ
>>76536215
Good point.
I'm surprised the strong british pound isn't somewhat insulating the country from tons of foreign ownership in real estate.
You better pray the pound doesnt take a dive after the referendum, or then the chinese are really going to buy the entire city.
>>76536535
atleast thats in a beautiful area, not with 300days of rain a year.
>>76535598
Please tell me there's a civil war soon.
>>76536535
Also how is the market still so expensive? I thought you guys banned chinks from buying
>mfw my dad owns 4 BTL houses
>ask him why he owns so many
>because I worked for them
>>76536410
I agree with the Chinese driving up property prices like crazy. Look at my flag. You guys are on par with us now.
A Chinese will be buying just for the land, tear down the house, and put a brand new one there.
A Muslim will get it gifted to them and destroy the neighborhood. Don't worry, lower prices are coming.
>>76536762
It's already declining unfortunately. Of course, the strong pound is partly a result of foreigners buying up assets. The worst thing is, it's propping up our country's current account, but of course when the foreigners decide to sell up, shit loads of money will be leaving our economy
>>76536836
BC was very beautiful when I visited. It's better than fucking DC.
>>76537004
Muslims aren't getting property 'gifted' to them.
They live in the shitty areas like greater toronto suburbs and surrey where its already infested. Its not crime ridden, just poor and destitute.
Like I said, they pay more taxes and report more income than the chinks, so thats all I care about.
>>76537004
In Vancouver they've been buying up apartments mostly. Now that the Chinese economy has crashed, even more are flooding in. It's beyond nightmare mode for actual Canadians in Vancouver.
>>76535598
To be honest, the housing boom in London is going to implode soon anyway. No one on an average wage can afford to live there anymore and people are leaving that shithole in droves. Once demand starts to drop, all those investors treating houses like gold bricks will sell up all at once, creating a fucking huge crash across the country. Watch this space.
>>76536836
Mmm western Sydney, I don't think so. You can buy a nice house 5 minutes from the beach in SE QLD for 1/2 a million
>>76536924
They predict a massive contraction in prices, however how do you ban happy merchants from speculating oy vey
Sweden has become so fucking anglozised we even have our own housing bubble.
>>76537264
What do you mean by "implode"?
As in, what are the steps that will force the change?
>>76537377
>immigration
>anglocised
>>76536215
Should I buy some lands in Canada for you to live on and maintain and then you can be my Butler when I retire? No rent.
T B H familia if you're dropping upwards of a million for a house, just come to Hawaii.
Like London, it's crowded, job market is shitty, and cost of living is expensive, but at least you're in a great place with nice people.
If I'm dropping that much for a home, I'd like to do it in a nice place.
Pic related, could be yours for 1.1 million US
>>76536985
No, hes a silver surfer baby boomer who bought them up cheap years ago and is now making a huge profit from the housing boom. Tell him he's sacrificed your generation into debt slavery.
>>76537686
I'd buy a Welsh castle.
>>76537686
>Hawaiians
>Whtie
>>76537473
The steps are: 1) people cant afford the houses so start to move away where its cheaper. 2) This results in lower demand for houses so prices come down. 3) Investors who want prices to continue going up all panic and mass sell. 4) This results in huge oversupply of houses, forcing prices even lower. 5) Mass panic across the country and recession. That's your text book housing crash.
I just bought a 2 bed flat in zone 2 London
let me tast those tears
>>76538062
The problem with your theory is you think all the demand is domestic.
Its not, there is an endless supply of rich investors globally (from USA, China, Hong Kong, Germany) who will continue to buy and desire property in London.
Even during the 07-09 real estate crash (worst recession since the great depression) Housing prices in london fell by, what, 10%?
There is a lot of evidence pointing towards cities like london and new york real estate being immune to whims of the business cycle.
One of the things I dislike about London demographics, and this is purely a subjective perspective, is that I literally don't find black girls attractive and neither it seems do most other white men or black men even. This means a whole group of girls just don't appeal to me, which means that the white girls that remain are in way higher demand as a consequence.
>>76538062
That process is stifled when you have yuppies from the countryside willing to use their inheritance to pay for a shitty flat in London because it's cool. Plus bucketloads of Chinese, Arabs and Russians buying up houses and leaving them unnocupied
I got very fortunate and inherited a lot of assets. Everything I inherited in London I put on the rental market. The sort of prices people are paying are astronomical, as you'll all well know.
What I can't get my ahead around is why people feel the need to flock to London. Wages are higher, but they aren't high enough to cover the huge increase in prices. Unless you do a job that requires you to be in London and London only (I can think of very few), I have no idea why you would live there. Never mind the idiots that go there with the idea of getting a job.
My brother is a corporate lawyer, for example. He moved out of London years ago and now lives in St Andrews. He's taken a pay cut, but in real terms he's a lot richer than he was in the capital. I run my own company and traditionally businesses in our sector were centred around London. Not anymore. We're elsewhere, and all the better for it.
Why would anyone doing a regular 9-5 job aspire to live there?
>>76538573
I go to uni in Leeds and to be quite honest, coming from London it's boring as fuck here if you aren't a student. I'm willing to pay higher rent just to avoid living in some boring shithole. Perhaps it would be different if I were a country lad, I just can't deal with the lack of shit to do
Look at this - you even get a cuck hole to sleep in lol
Hilarious
>>76538573
I think a lot of people do it because you can climb the ladder easier, or at least it seems that way. Personally (and I know this sounds cucked as fuck) I feel like if I move out now I'll be "stepping down" and admitted defeat or something. If I move back home I'll be earning less money but saving the same amount, but I don't know I'll feel like I've failed or something. If I had friends or a girlfriend I may feel differently, but at least here I can be anonymous.
>>76538898
I'm from Leeds and I'm back there now. I don't know what you like to do for fun, but if it's worth paying three times as much rent then you must have a very active lifestyle.
>>76539075
>Soho
Gays will buy this and turn it into a meth fuck pad for party weekends after a night in Vauxhall.
>>76539075
I would ask the estate agent if it's posible to piss in the sink from the 'bedroom' in this 'studio'
>>76539160
It seems that way because all you ever get in London is people telling you third hand tales of some other guy that made it.
Look at the difference in wages between professions based in London, compared with Edinburgh or Bristol or Leeds or wherever. Unless you're in specialist brokerage, finance, security or national government there's no reason to be in London.
>>76538516
>>76538568
Theres a lot of evidence that quantitative easing (cheap money to rich bankers), low interest rates and things like 'help to buy' offset the housing crash in 2008 and soothed worried overseas investors so they kept piling money in. London is one big money laundering operation. But, next time the housing market turns there wont be any more money to do those things anymore, hence why there'll be a crash.
Rich people wont keep there money in a place if its not making money anymore. They will sell up their empty flats and move the money elsewhere.
Can we do what the leftists do and squat somewhere? We need to find the house of a famous non-white and squat in it.
>>76535697
Andrew Neil: "Because he [Cameron] got nothing on free movement of substance, his fallback then was to say that EU citizens couldn't just come here looking for work, they had to have a job, that's what he promised..."
Gideon: "Yes"
AN: "...he bottled that too, because that's not the case."
Gideon: "Well that's, I'm afraid it is the case"
AN: "But you can come here without a job"
Gideon: "Well you have to look for a job..."
fucking laughed out loud
>>76539075
>Soho
There's your answer. Gays and other rich faggots will buy it just to have a 'London pad'
Who the fuck buys these at such retarded prices.
>>76539487
On that note:
Would it be retarded if I quit my job without anything lined up and moved up to Edinburgh on my own?
I've looked at rents there and it looks like I could drop £800 on two months rent while looking for work?
Is that retarded?
I've been wanting to move there for a while, mostly for the weather and partly to start afresh.
>>76539791
Yes that would be stupid. Search for a job then move.
>>76539075
>That's a nice kitchen, and it comes with a strange storage loft, but what's the rest of the home look li-oh.
>>76539692
Only rich cunts and foreign investors, who want to put their money into assets where the value keeps rising against inflation. None of these places are really habitable.
>>76539496
There were low rates and cheap money everywhere in the world (US tripled its money supply, canada had its biggest basis point cut in history, etc etc.) But that didn't stop shit from hitting the fan in most cities excluding new york, san fran, london etc.
No matter what happens to the UK economy, london for a chinese or russian business man is still an infinitely safer bet than their domestic market (in china you can't even own land, only lease it from the govt)
This graph tracks 5 recessions, prices never went off a cliff.
>>76539950
Nah it will literally become one of Jeremy Joseph's drug party pads that he'll give to one of his posse of little twink faggots on his arm.
Seriously.
>>76540226
You could absolutely turn that bedroom into a gimp cage.
This articles in The Guardian a few weeks back outlined the problem.
>http://www.theguardian.com/society/2016/may/24/revealed-foreign-buyers-own-two-thirds-of-tower-st-george-wharf-london
Pic related: the lights in the tower are apartments that are occupied.
>>76540333
It will be a private fuck bed. I've been in them (not to fuck OH FUCKING GOD NO)!!!!!!! To pick up a gay mate of mine that was off his head on GHB, drone, mdma, tina all sorts, had to take the dildo to the hospital and they were looking at me like I had done this shit to him I was like NAHHHHHHHHHHHHH.
>>76540593
>the Guardian
Fucking leftist bastards why listen to them? The housing situation is fiiinnnneee. Just work hard and you'll get one of those fine apartments for yourself :)
>>76540593
The people building these towers are Romanians etc too. I met a Polish taxi driver who told me he used to be a foreman on the site, at first the builders were skilled Eastern Europeans but eventually it was just unskilled layabouts who did fuck all and put him under a lot of pressure. He quit eventually.
Lads I just had malt loaf for the first time in a while, why don't I eat it more often?
>>76540593
Wow thats fucked.
We have the same thing in vancouver.
50 story apartment buildings and at night there will only be like 1 light on per floor. Whole building dark.
>>76540082
But that graph shows affordable(ish) house prices, no wonder they could afford to rise. The average property price in London is projected to be £1 million by 2030. Are you telling me, the average person is going to be able to afford that kind of mortgage when peoples wages haven't risen vs inflation in over 10 years? Trust me, your idea that Londons prices will 'infinitely' rise or 'infinitely' remain stable is a huge delusion mate. Its going to go pop and ill bet in the next few years.
>>76534449
Can't wait for the boomers to get so blown out.
>>76540921
Toast it. Its next level.
>>76541004
Of course the average person can't afford it. But there millions of chinese with millions in liquid assets who would like to own it. There are millions of rich americans and russians who would like to own it.
The number of super rich people in the world is only increasing, they all see london desirably, and there is a finite supply of real estate in london.
Is the guy who posted his law degree still here?
>>76540628
Oh dear, that sounds like a job for waders and marigolds. I've got a mate with a small flat, him and his boyfriend use it as some sort of twink harem on weekends. There are potato flakes on every surface and I never take my shoes off since I found his homemade porn stash.
>>76541157
I've never thought about that, next time I will enrich my malt loaf
>>76541525
But will London still be an attractive investment if no one other than immigrants live there?
>>76541959
People in rich city centers and 50 story appartment buildings don't really need to interact with the shitskins.
That is a big wildcard that is hard to predict tho.
>>76541525
OK, so London is the home of super rich immigrants. How does that benefit me?
>>76541525
You can't keep doing this, though, or the city ceases to function. If property and rent prices are constantly pushed up and up, you make it prohibitively expensive for people to live there or want to live there.
So I saw that guy promoting Swansea in the previous thread. I know it's kind of a shithole, but I lived there as a student and kind of like it.
You can buy shitty houses for 60k and nice houses for 100k. Comparing that to Berkshire, where every house is 300k+ makes me want to move back to junkie central.
>>76542178
It doesn't.
You can thank whatever governemnts you have who are letting rich russian, chinese and americans buy up your city and forcing you out into the countryside.
The same thing has happened in Canada.
>>76542498
People with low to ordinary wage jobs will just have to commute.
Thats already how it is in vancouver, if you are a shop keeper or whatever you have a 1.5 to 2hr commute into and out f the city everyday.
>>76543132
Why doesn't your liberal PM tax high value properties owned by foreigners?
>>76543047
Does this article go on to explain that they should read them LGBT children's books to more easily groom them into their eventual abuse at the hands of the elite (if they're cute)?
>>76543132
>just have to commute
Which costs thousands of years for a terrible fucking service that nobody wants. If NOBODY can live in London the city will be one of squatters, highly-paid suits and empty apartments.
>>76537264
> No one on an average wage can afford to live there anymore and people are leaving that shithole in droves.
I know I'm leaving. Fuck London. I mean, I like it as a place to visit but it's a shit place to actually live.
>>76543260
Hes too cucked.
Everytime the government tries all the chinese start screaming racist. And politicians are older and mostly own homes, and so do their donors, so they don't want to take any action which might erode the value of their incredibly valuable real estate.
The baby boomers are all very happy with this. The houses they bought for 100k are now worth millions, they dont want to enact policy to fix it.
Average houseprice in London is 500k (for a shoebox flat).
Reminder that this is what 500k gets you 6 miles from Edinburgh.
>http://www.rightmove.co.uk/property-for-sale/property-33985779.html
Is any party going to do anything about the chink investors in london?
>>76540593
I still remember the day a helicopter crashed into that thing and fell on my bus stop. Good times.
>>76538215
That you paid probably £500k+ to live in some stacked up pizza boxes in detroit 2.0?
>>76543132
but that's fucking retarded though
>>76534732
>That's why I pay £1150 a month to live in a 1 bedroom studio in outer London
thats fucking sad mate
>>76543863
>>76543309
Of course it's a terrible model.
But in an increasingly unequal society its just a reality.
If you're poor or lower middle class, live in a shitty area and commute a long way to make lots of money for your chink overlords. Deal with t.
>>76544015
>If you're poor or lower middle class, live in a shitty area and commute a long way to make lots of money for your chink overlords. Deal with t.
KEK MY SHIT UP
but we need more immigrants goy, remember that
How's Manchester, bros? House prices, nightlife etc.?
I'm waiting to hear back from a job either there or in London. Might have to make a decision.
>>76544119
The immigrants all you people are arguing about in the EU referendum (pols, romanians, refugees etc) aren't even the ones causing the housing crises. Although they certainly don't help and are terrible for other reasons, mostly culturally.
Its multinationals from china, hong kong, saudi, russia etc. who have fucked up the market.
>>76544303
Manchester is actually pretty sound would choose it over London tbf
>>76544530
fuck off kike
>>76544530
nope EU migrants take up existing housing, and raise rental prices because demand is higher for a limited supply (also raising house prices in the process because buy to let is a more solid investment)
It's not rocket science.
>>76544015
You lost the argument when you said that mate. If the very people that make the city function cant afford to or don't want to work there then the city sinks and the property value goes down. Its pretty inevitable.
