I feel for my 1d10t1c colleagues who just bought overpriced flats in Shoreditch. They have to pay 6k monthly mortgage when I can rent the same property for 3k
LSE is full of people living in Shoreditch. Amazing when you have to pay 8k mortgage when your salary has just been cut by 15%...
I feel for my 1d10t1c colleagues who just bought overpriced flats in Shoreditch. They have to pay 6k monthly mortgage when I can rent the same property for 3kLSE is full of people living in Shoreditch. Amazing when you have to pay 8k mortgage when your salary has just been cut by 15%...
Like the Venezuelan midget at LSE Finance?
I feel for my 1d10t1c colleagues who just bought overpriced flats in Shoreditch. They have to pay 6k monthly mortgage when I can rent the same property for 3kLSE is full of people living in Shoreditch. Amazing when you have to pay 8k mortgage when your salary has just been cut by 15%...
Like the Venezuelan midget at LSE Finance?
Who?
It still does not make any sense to buy rather than rent. You can buy a house for 1Mln that you can rent for 2k. So at current rates, posting 10% down, you are comparing a 4.5k monthly mortgage with a 2k rent.
LoL but in one case you build equity and in the other it’s all consumption. Are you an economist ?
The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.
It still does not make any sense to buy rather than rent. You can buy a house for 1Mln that you can rent for 2k. So at current rates, posting 10% down, you are comparing a 4.5k monthly mortgage with a 2k rent.LoL but in one case you build equity and in the other it’s all consumption. Are you an economist ?
And what do you do with the remaining 2.5K? With a 25y mortgage, if you invest 2.5k per month you get around 6Mln in the end. Are you expecting the house to appreciate by 600%? On top of that you have to pay 60k in stamp duty immediately.
The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.
way too soon to say this (let alone buy a property counting on it). Maybe having to commute less (2/3 days a week).
But gov is making a strong push for companies to go back to the office. I think is unlikely they will allow the city to become a ghost town. Remember, the city has its rights protected in the magna carta. If a business centre is going to survive this, it'll be the City of London.
Agreed that it is way too soon for all of this.
However, this is what people are doing because of the Stamp duty cut. It allows a lot of people to put the additional 15k into leverage.
The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.way too soon to say this (let alone buy a property counting on it). Maybe having to commute less (2/3 days a week).
But gov is making a strong push for companies to go back to the office. I think is unlikely they will allow the city to become a ghost town. Remember, the city has its rights protected in the magna carta. If a business centre is going to survive this, it'll be the City of London.
The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.way too soon to say this (let alone buy a property counting on it). Maybe having to commute less (2/3 days a week).
But gov is making a strong push for companies to go back to the office. I think is unlikely they will allow the city to become a ghost town. Remember, the city has its rights protected in the magna carta. If a business centre is going to survive this, it'll be the City of London.
I would rather commute from Barcelona or Madrid than from outer London.
Agreed that it is way too soon for all of this.
However, this is what people are doing because of the Stamp duty cut. It allows a lot of people to put the additional 15k into leverage.The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.way too soon to say this (let alone buy a property counting on it). Maybe having to commute less (2/3 days a week).
But gov is making a strong push for companies to go back to the office. I think is unlikely they will allow the city to become a ghost town. Remember, the city has its rights protected in the magna carta. If a business centre is going to survive this, it'll be the City of London.
Yes but nobody is giving mortgages at 5% or 10% down payment anymore. It does not help to have a 15k cut when I need to put an extra 50k down
The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.way too soon to say this (let alone buy a property counting on it). Maybe having to commute less (2/3 days a week).
But gov is making a strong push for companies to go back to the office. I think is unlikely they will allow the city to become a ghost town. Remember, the city has its rights protected in the magna carta. If a business centre is going to survive this, it'll be the City of London.I would rather commute from Barcelona or Madrid than from outer London.
Hard to do on a daily basis, but you can rent a small place for 1k. You can come on Mondays and go back on Wednesday night.
You dont build sheit, if you cannot sell it.
It still does not make any sense to buy rather than rent. You can buy a house for 1Mln that you can rent for 2k. So at current rates, posting 10% down, you are comparing a 4.5k monthly mortgage with a 2k rent.LoL but in one case you build equity and in the other it’s all consumption. Are you an economist ?
It still does not make any sense to buy rather than rent. You can buy a house for 1Mln that you can rent for 2k. So at current rates, posting 10% down, you are comparing a 4.5k monthly mortgage with a 2k rent.LoL but in one case you build equity and in the other it’s all consumption. Are you an economist ?
And what do you do with the remaining 2.5K? With a 25y mortgage, if you invest 2.5k per month you get around 6Mln in the end. Are you expecting the house to appreciate by 600%? On top of that you have to pay 60k in stamp duty immediately.
1Mln invested in real estate in 2009 would have turned into about 1.5Mln at the top just before Brexit. The same 1Mln would have turned into more than 2Mln if invested in the SP500.
1Mln invested in real estate in 2009 would have turned into about 1.3Mln today. The same 1Mln would have turned into 4.5Mln if invested in the SP500.
1Mln invested in real estate in 2009 would have turned into about 1.5Mln at the top just before Brexit. The same 1Mln would have turned into more than 2Mln if invested in the SP500.
1Mln invested in real estate in 2009 would have turned into about 1.3Mln today. The same 1Mln would have turned into 4.5Mln if invested in the SP500.
I think you are not generous enough with real estate returns. It is true that renting + investing in SP500 would have outperformed buying.
I feel for my 1d10t1c colleagues who just bought overpriced flats in Shoreditch. They have to pay 6k monthly mortgage when I can rent the same property for 3k
LSE is full of people living in Shoreditch. Amazing when you have to pay 8k mortgage when your salary has just been cut by 15%...
Like the Venezuelan midget at LSE Finance?
Who?
I think DP
The falling prices are a central london only feature, which was already massively overpriced.
All the suburbs are booming. Even in Croydon all the houses are sold shortly after listing. This is because the Value for money proposition is infinetly better and people expect to WFH permanently going forward.way too soon to say this (let alone buy a property counting on it). Maybe having to commute less (2/3 days a week).
But gov is making a strong push for companies to go back to the office. I think is unlikely they will allow the city to become a ghost town. Remember, the city has its rights protected in the magna carta. If a business centre is going to survive this, it'll be the City of London.I would rather commute from Barcelona or Madrid than from outer London.
I've been commuting from abroad for ages. You eventually get used to it.
1Mln invested in real estate in 2009 would have turned into about 1.5Mln at the top just before Brexit. The same 1Mln would have turned into more than 2Mln if invested in the SP500.
1Mln invested in real estate in 2009 would have turned into about 1.3Mln today. The same 1Mln would have turned into 4.5Mln if invested in the SP500.I think you are not generous enough with real estate returns. It is true that renting + investing in SP500 would have outperformed buying.
Also ignoring that it is easier to get leverage with a mortgage than borrowing to invest in the stock market. Do you have a spare $1 million to invest in the S&P today?