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I live in Zone 2, on what was a really hot road until June. There's a guy down the road having real trouble shifting his house, but he voted for Brexit so I can

by moomin 10y ago

I live in Zone 2, on what was a really hot road until June. There's a guy down the road having real trouble shifting his house, but he voted for Brexit so I can't feel too bad for him.

rwmj 10y ago
Two houses on our street (outer London) were up for sale. The first sold for an astronomical amount of money just before Brexit. The second was under offer at the same time, also for silly money, but the sale didn't complete before Brexit. The offer was withdrawn by the buyer, and the second house is now (6 months later) still on the market. The lesson I take from this anecdata is that the market has slowed right down, but sellers haven't yet needed to accept lower prices.
- rahrahrah 10y ago
  Anecdata. I.... don't know how to feel about that.
  - moomin 10y ago
    Yeah, you can't read too much into it, but consider the following: to buy a Zone 2 house in London right now requires a fair bit of money. We're talking typically more than $1m US. Even a flat on my street is upwards of 600,000 US. So who can buy this kind of property? That mostly means successful professionals. A fair few of this category are either foreign-born themselves or have spent significant time overseas. Nearly all of them work in extremely international offices. This category skews Remain extremely strongly. Remainers are, for the most part, pretty chary about England's prospects right now. The broader data shows Outer London still going up, but Outer London's a huge place. Areas like Sidcup and Plumstead skew Leave and I'm sure property prices are still doing fine right now. Longer term, it'll depend on what happens, but I do think property prices are literally skewing on the basis of the political views of the prospective buyers right now.
    - Chris2048 10y ago
      I'm a professional, and work in a fairly mixed office. I still voted exit, and considered those without the mobility I have when I did so. Why would "spent[ing] significant time overseas" or "work[ing] in extremely international offices" affect which way you vote?
      - moomin 10y ago
        Well, an awful lot of Brexit appears to be anti-immigration. And the anti-immigration stance is principally values-driven. The kind of people who choose to spend their time around immigrants or being an immigrant themselves seem unlikely to be the kind of people who object to immigration. There are other arguments, but this was a big one, and it's one that has less traction in those categories.

by moomin 10y ago

I live in Zone 2, on what was a really hot road until June. There's a guy down the road having real trouble shifting his house, but he voted for Brexit so I can't feel too bad for him.

rwmj 10y ago

Two houses on our street (outer London) were up for sale. The first sold for an astronomical amount of money just before Brexit. The second was under offer at the same time, also for silly money, but the sale didn't complete before Brexit. The offer was withdrawn by the buyer, and the second house is now (6 months later) still on the market. The lesson I take from this anecdata is that the market has slowed right down, but sellers haven't yet needed to accept lower prices.

rahrahrah 10y ago
Anecdata. I.... don't know how to feel about that.
- moomin 10y ago
  Yeah, you can't read too much into it, but consider the following: to buy a Zone 2 house in London right now requires a fair bit of money. We're talking typically more than $1m US. Even a flat on my street is upwards of 600,000 US. So who can buy this kind of property? That mostly means successful professionals. A fair few of this category are either foreign-born themselves or have spent significant time overseas. Nearly all of them work in extremely international offices. This category skews Remain extremely strongly. Remainers are, for the most part, pretty chary about England's prospects right now. The broader data shows Outer London still going up, but Outer London's a huge place. Areas like Sidcup and Plumstead skew Leave and I'm sure property prices are still doing fine right now. Longer term, it'll depend on what happens, but I do think property prices are literally skewing on the basis of the political views of the prospective buyers right now.
  - Chris2048 10y ago
    I'm a professional, and work in a fairly mixed office. I still voted exit, and considered those without the mobility I have when I did so. Why would "spent[ing] significant time overseas" or "work[ing] in extremely international offices" affect which way you vote?
    - moomin 10y ago
      Well, an awful lot of Brexit appears to be anti-immigration. And the anti-immigration stance is principally values-driven. The kind of people who choose to spend their time around immigrants or being an immigrant themselves seem unlikely to be the kind of people who object to immigration. There are other arguments, but this was a big one, and it's one that has less traction in those categories.