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So, this brexit thing....sell now?
Bottom line we are in a lovely house that we have been renovating. Currently quite a lot of equity in it but we've also accrued high debts renovating (40k) which is frightening but manageable and we have spoken to mortgage company about remortgaging early next year as I've started working again and my income enables us to…
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French foreign minister: We no longer want to pay for Poland and Hungary
Happy to take the UK money's though......... A reflection of Macron's view as well. Given his liar's comment yesterday. https://www.euractiv.com/section/future-eu/news/french-foreign-minister-we-no-longer-want-to-pay-for-poland-and-hungary/
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Is the world getting better or worse?
https://www.ted.com/talks/steven_pinker_is_the_world_getting_better_or_worse_a_look_at_the_numbers
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Properties prices
How will HS1. HS2 and in the future hyperloop how will these affect properties prices in the north? Will they become stupidly expensive like London and the South East?
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Current economic system & Housing
2008-2018 +500 MILLION net additional homes built Three cheers for the worlds current economic system! Car production is also an interesting indication of how wide and far wealth is spread as the upper middle class typically buy new cars. Car production was 58 million in the year 2000 now it is close to 100 million this…
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Where to invest money in a crisis
Jacob Rees-Mogg's dad literally wrote the book Has anyone read it? I guess his son must have done as he has put his money in the EU Before he and his Brextremist chums push us into a 'no deal' Brexit and tank the economy?
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STR the Brexit edition
https://inews.co.uk/inews-lifestyle/money/sell-house-rent-brexit/ Estate agent says its a good time to sell. I think I'll stay put for now.
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Will there really be a crash?
I'm in the process of buying a house and I'm seriously considering pulling out before the search due to the regular reports of prices going down and an impending crash. I'm a FTB and I wouldn't want to pay for something then it a significant amount of value in April next year when I could potentially just wait buy…
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UK GDP First Quarterly Estimate April to June 2018 +0.4%
UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 1 (Jan to Mar) 2018 and Quarter 2 (Apr to June) 2018. Main points * UK gross domestic product (GDP) in volume terms was estimated to have increased by 0.4% between Quarter 1 (Jan to Mar) 2018 and Quarter 2 (Apr to June)…
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HTB - It's started
Effectively the article looks at a couple who are complaining as they bought a new build for "an inflated price" and are now trapped, as the flat they bought has lost £30,000 in it's value as it's no longer new. "Experts" in the industry are suggesting that housebuilders are overpricing the houses up to 15%, because they…
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HTB could be scrapped amid fears it's helping the wealthy
Of course, it won't be scrapped, but having looked at the data, ministers fear that the scheme is helping wealthier people upgrade their homes and helping to push house prices further from the reach of those the scheme is intended to support. Many of us here told them that when it was introduced. Case of NS sherlock here.…
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S&P 500 records its longest rally ever
US stock markets passed another landmark on Wednesday as the S&P 500 recorded its longest rally ever, capping a near decade-long Wall Street boom that has gathered pace over the course of this year. The S&P 500 share index, tracking the 500 biggest public companies in America, closed trading on Wednesday having gone 3,453…
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UK Government's July surplus at 18-year high
The government's finances were in surplus by £2bn last month, the biggest surplus for July in 18 years, official figures show. The figure was up from a surplus of £1bn a year ago. At the same time, borrowing in the April-to-July period fell to its lowest level since 2002. Analysts said the reduction in borrowing should…
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Why Are The Lazy English Not Picking Our Fruits And Vegetables?
I thought Brexit was all about jobs for the English? If so why after so many EU workers have left are there masses of vacancies for fruit and vegetable pickers going unfulfilled? Who will pick the vegetables post-Brexit? :j:beer::money::T:rotfl:
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Hs1/ hs2 affect housing prices
Will the north and midland properties prices rise substantially?
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A levels devalued
A levels have been devalued again today. Soon they won't be worth anything along with even more of the degrees. How will employers get the staff they need and how will they be able to find out which people will make good hard working employees if all degrees and A levels can be passed with next to no effort?
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Help to bubble
http://www.propertyindustryeye.com/uk-housing-market-is-a-bubble-with-help-to-buy-pushing-up-prices-warns-bank-strategist/ wonder what the next phase will be in the help to bubble scheme of things. Next they may try 50% interest free for 5 years with only. 2.5% deposit required and there may be schemes in place for the…
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New Zealand bans foreign buyers
Quite like this. Good for them for looking out for their own people, over profits. Comes as house prices have increased 75% in the last 4 years, meaning residents are now priced out. Not too dissimilar to the UK (but specifically London) However, the government has taken devisive action. Action which isn't aimed at pumping…
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Housing market: A bubble on a bubble
So far, so mundane. Prices could fall in a recession - who knew. But what makes this thread interesting, for me at least as it agrees with my concerns is this... He goes a little further, specifically on HTB, but the telegraph don't report it. Who knew? Intervention in the market distorts things. Also read in the last…
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Unemployment number down
... to lowest for 40+ years.. https://www.bbc.co.uk/news/business-45181079 Looking forward to the debate about whether the figures are real, fixed, miss out "x" and completely ignore "y". WR
