legover Posted March 7, 2005 Report Share Posted March 7, 2005 No Government can permit a bunch of spivs in Hermes ties steal all the future earnings of the proletariat without risking revolution. Link to comment Share on other sites More sharing options...
Lusty Posted March 7, 2005 Report Share Posted March 7, 2005 :: Link to comment Share on other sites More sharing options...
Nervous_Dog Posted March 7, 2005 Report Share Posted March 7, 2005 Yeah - same problem with Hermes Thais too. DOG Link to comment Share on other sites More sharing options...
legover Posted March 7, 2005 Author Report Share Posted March 7, 2005 anyone in the building business in Thailand. what's happening in Phuket/Pattaya/Bangkok/Hua Hin? Oz raised 1/4%. from Sydney: "....attended auction at which a property selling at 1,400,000+ two years ago went for 980K. His best guess at present is between 30 and 35% falls in most previously "ramped up" areas of North Sydney and the like. The atmosphere at auction was very downbeat and his estimate is about a 50% clearance rate with many reserves not being reached". how long to a Thai property CRRRUNCH? === Link to comment Share on other sites More sharing options...
Lusty Posted March 7, 2005 Report Share Posted March 7, 2005 Building land is hardly at a premium in Oz unlike up here in overcrowed Little Britain. Link to comment Share on other sites More sharing options...
Nervous_Dog Posted March 7, 2005 Report Share Posted March 7, 2005 Not exactly true, if you look at house prices in the city area's, while they have cooled, your paying for land. In an apartment you get 1/100 of the land, not much value. There may be a lot of land in Oz, however in BrisVegas and other cities, land in inner city areas and even suberbs is not so common. DOG Link to comment Share on other sites More sharing options...
BelgianBoy Posted March 7, 2005 Report Share Posted March 7, 2005 legover said: No Government can permit a bunch of spivs in Hermes ties steal all the future earnings of the proletariat without risking revolution. Why ? :: BB Link to comment Share on other sites More sharing options...
legover Posted March 7, 2005 Author Report Share Posted March 7, 2005 many reasons, one is first time buyers can't buy cos in ten years wages have gone up 3% a year & houses 15% a year. this chunk of voters in out of the market & have to blame someone. price to income ratio around London is around 7 or 8:1 another is big numbers of pre-retirees have been induced into the market looking for alternative retirement income which is likely going to be elusive. if/when the market crunches they'll need someone to blame too. big percent of UK mortgages are variable. === Link to comment Share on other sites More sharing options...
Steve Posted March 8, 2005 Report Share Posted March 8, 2005 Every big global city has the same problem. Try being a first time home buyer making middle class wages in New York, Los Angeles, Tokyo or Paris. What usually happens is gentrification, middle class starts moving back to the dodgy areas (Brooklyn...Essex....Brixton...Inglewood..etc.) Link to comment Share on other sites More sharing options...
BadaBing Posted March 8, 2005 Report Share Posted March 8, 2005 HEY !!! I work in Inglewood , it aint so bad here... you scared of the brothers or somthin ?? Bada :: Bing Link to comment Share on other sites More sharing options...
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