Real estate bubble general, continued from here >>76521342

Real estate bubble general, continued from here

Other urls found in this thread:

ny.curbed.com/2016/4/21/11477788/this-year-new-yorkers-will-spend-two-thirds-of-their-income-on-rent
bbc.co.uk/iplayer/live/bbcone
youtube.com/watch?v=sdl658l5TTQ
theguardian.com/society/2016/may/24/revealed-foreign-buyers-own-two-thirds-of-tower-st-george-wharf-london
twitter.com/SFWRedditImages

I wish I had a girlfriend.

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

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?

Is it driven by a pooinloo though?

> degree in HR

What?

>Delivering milk and much more

Sounds interesting

>a degree in HR

>people who don't live in vancouver are complaining about housing costs

toppest of keks, famalam

he also delivers fresh bull semen

Where abouts?

Human Resources?

>HR

From other thread

>Vancouver
>White

Yes, we know you can afford that from the money you make from your factories back in Shanghai, Mr ching ling pong

Does he milk that as well

Isn't Montreal a real good place to live due to low rents and so on?

>implying
ny.curbed.com/2016/4/21/11477788/this-year-new-yorkers-will-spend-two-thirds-of-their-income-on-rent

I thought London had it bad.

Holy cow sticks.

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."

It's a swedish import

Northamptonshire

Look at this piece of shit for a cool 3 mill

reminds me of the days when I could ejaculate over my head

Is it halal

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.

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

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

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

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.

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 Sup Forums:

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.

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

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

>that house
>that price
if thats real ho lee fuck

Who'd have thought the descendents of all the criminals we deported would have better quality of life than us, even with abos

bbc.co.uk/iplayer/live/bbcone

get in here fags

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.

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!

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.

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.

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

There are still beautiful places to live here, although the cities are becoming more and more awful

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

Look, its as bad as that here

youtube.com/watch?v=sdl658l5TTQ

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.

atleast thats in a beautiful area, not with 300days of rain a year.

Please tell me there's a civil war soon.

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

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.

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

BC was very beautiful when I visited. It's better than fucking DC.

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.

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.

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.

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
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.

What do you mean by "implode"?

As in, what are the steps that will force the change?

>immigration
>anglocised

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

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.

I'd buy a Welsh castle.

>Hawaiians
>Whtie

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

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.

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?

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

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.

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.

>Soho
Gays will buy this and turn it into a meth fuck pad for party weekends after a night in Vauxhall.

I would ask the estate agent if it's posible to piss in the sink from the 'bedroom' in this 'studio'

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.

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.

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

>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.

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.

Yes that would be stupid. Search for a job then move.

>That's a nice kitchen, and it comes with a strange storage loft, but what's the rest of the home look li-oh.

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.

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.

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.

You could absolutely turn that bedroom into a gimp cage.

This articles in The Guardian a few weeks back outlined the problem.

>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.

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.

>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 :)

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?