patrick.net

Yay!!!

Prices in London could down 50% and it would still be one of the most expensive cities in the world.

For example, this piece of crap in a shitty suburban neighborhood will run you about $1.2 mil. This is easily 3 times the bay area price.

http://www.theroundtree.com/property/golders-manor-drive-golders-green-nw11/round-005413/1

Call it Crazy says

rooemoore says

For example, this piece of crap in a shitty suburban neighborhood will run you about $1.2 mil. This is easily 3 times the bay area price.

You mean to tell us there are bigger idiots then in the SFBA that overpay for houses?

If you lose money on an investment, it's possible you're an idiot. If you look at real estate as an investment in the SFBA over the last 25 years, I think most would agree it was a good investment.

But sure, there are idiots everywhere. Even where you live.

Seeing esc*rts is legal in the UK so I may be buying once the crash is over :-)

Fish, chips, and whips!

Looks like the dreams of cashing out on the real estate empire and being slathered forever with Chilean hooker pussy juice are fading, fading!

Sell now, or forever be priced IN!

Call it Crazy says

Maybe not....

When I was at Mammoth Lakes a couple summers back, I went to rent a boat on one of the many little lakes. The proprietor warned us that a big bear had been coming around daily, so I asked him when it usually hangs out. He said, "Whenever it wants!"

Call it Crazy says

rooemoore says

For example, this piece of crap in a shitty suburban neighborhood will run you about $1.2 mil. This is easily 3 times the bay area price.

You mean to tell us there are bigger idiots then in the SFBA that overpay for houses?

Don't worry, it's coming here too.

But if I had to, I'd rather overpay in London than Sunnyvale.

sbh says

AF is that "hairy handed gent who ran amok in Kent, and lately he's been overheard in Mayfair."

You had better stay away from him...he'll rip your lungs out, Jim. Huh, I'd like to meet his tailor.