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/biz/ - Business & Finance

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50844887 No.50844887 [Reply] [Original]

I thought the market was going to crash any day now

>> No.50844926

it’s already crashing
maybe not in fucking london though

>> No.50845085

>>50844887
Some of the boroughs throughout London have introduced additional licensing/regulations for landlords. Obviously, these costs are then passed onto the tenants via an increase in rent.
Ironically, the conservatives have made life more difficult for landlords since they came into power about 12 years ago. We never even had a withholding tax for rental income until around 2015.

>> No.50845349

>>50845085
>>50844887
Unironically, this is being driven by landlords selling at the top and getting out. Decrease in rental stock, so prices go up.

It has got to a level now where unless you earn £30k a year minimum you literally cannot afford London if you pay rent.

>> No.50845392
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50845392

My little zestimate doin sum

>> No.50845419

Yup, my rent for a 1bed cuck studio is £1700/month, in zone 2

>> No.50845423

>>50845349
you can if you live in a literal closet in zone 3
like I did when I worked in London as a waiter

>> No.50845440

>>50845423
it was 290 per month

>> No.50845469
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50845469

>>50845349
>Unironically, this is being driven by landlords selling at the top and getting out.

Would it be possible for you, or anyone else, to make the opposite case for this, where landlords are selling the top and getting out, but ironically?

I'm just curious why you felt the need to add "Unironically" the the beginning of your claim.

>> No.50845510

>>50845440>>50845423
that was in 2016 actually and I used the majority of the money I made then to buy Chainlink in 2018
now a millionaire from trading, it's been unreal

>> No.50845531
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50845531

>>50845469
you've not been on the chan long enough if you can't imagine someone saying that ironically

>> No.50845569
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50845569

>>50845531
ive been here longer than i wish to admit, seen memes and verbiage come and go, with "Unironically" being the most annoying to me, unironically.

>> No.50845650

>>50845569
Unironically, this is true.

>> No.50846429

>>50844887
In London there is so much demand and at the top of the market people are so wealthy that they're really not effected by "muh cost of living" or rent hikes.

>> No.50846464

>>50844887
It is, which is why your rents going up. Gotta pay for those higher interest rate repayments somehow...

>> No.50846565

>>50844887
Supply and demand baffles communists.

>> No.50846581

>>50844887
two more weeks
trust the plan

>> No.50846594

>>50845469
Because this is shitpost central, anon.

>> No.50847144

There is a plague of "help wanted" signs in London. The city got a hit when brexit and then with covid.
As soon as the owners start to sell it will be a domino's effect as there is plenty of empty properties. If they try to tax empty properties it will have the same effect.
Panic times and good time to buy.