London House Prices Surge Most in Two Years

printing money instead of borrowing money... is inflationary by definition.

More dollars chasing the same goods.

You may argue that you may not feel it in some goods.
If europe is also debasing, you may be in race for the bottom... but then it would be no surprise to see gold go up.

People are going to find a way to store their wealth in a relatively safe place.
 
Whilst property prices in the rest of the country have clearly fallen over the last two years, we've seen ASKING prices increase in London. The surge in rental prices shows that there is no sustainable demand to buy at the current offer prices.

Commodity prices have simply tracked the stock market up in the dead cat bounce since Mar 09, and will follow it straight back down again. Near 100% correlation among different markets generally indicates a deflationary environment.

On the topic of money printing and inflation, it is important to differentiate between MONETARY printing (i.e. quantitative easing) and FISCAL printing, which means actually giving new money to people as opposed to increasing bank liquidity. The latter is what the Weimar republic, Yugoslavia and Zimbabwe did, and leads to inflation rates of several thousand percent, not 5-10%.
 
Quote from southall:

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And these slums are spreading to the rest of london too.

http://www.dailymail.co.uk/news/art...ualid-homes-immigrants.html?ito=feeds-newsxml [/B]
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They've already spread to most of south and east London I think. The city is basically occupied by 3 million asians.
I can't find a non-halal butcher anywhere in inner London except for tourist places in central, you have to go out to Essex etc.
Immigration police need to start going door to door in these areas lol.
This is why there is over 2.6 million unemployment. Same problem the yanks are having with mexicans, we need one of those Alabama style immigration laws.
 
Oh London, what can I say about that hell hole!! I sold my 2 bed room flat for $1.2m 3 years ago best thing I ever did. Put the money in my trading account while trading and travelling around the world. Account now over $3m. Bought a bigger sized condo in Chicago for $200k (down $180k from the time I sold my London flat)

I do laugh or maybe cry at the poor fools living in their tiny boxes they call homes, narrow and dirty streets, expensive and awful public transport, while the government keeps pounding them with tax after tax. Seriously you guys wont believe the sub standard conditions many live in London, it's bother-line 3rd world.

The average of a first time buyer is now 39. And people now some people pay over $120 a week to share a room, yes room not flat in a lousy neighbourhood.

London is without a doubt the most overrated and expensive place in the world.
 
If you have money, then London is perhaps the greatest city in the world (why else would so many billionaires want to live here?)

If you don't have money, then no, you need to leave.


:D
 
Quote from Ash1972:

Any place where the billionaires have it good and nobody else can make ends meet is quite definitely third world.
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Most people here make ends meet. Not just the billionaires.
 
People who have plenty of bad things to say about London either can't afford to live there or are simply jealous.

There's the same reason why some things are more expensive than others and that's because they're better,doesn't matter if its cars,wine,property or anything else the higher the price the better.
 
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