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Brexit, the economy and house prices part 5
Part four has disappeared so here is part five. Apparently house prices in London are falling due to Brexit
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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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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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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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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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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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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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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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Why Britain's debt is on a dangerous trajectory
A look at a recent OBR report on govt debt, looks like we need Brexit to be a major success to help us out of this hole. Some would say unlikely, especially as one of the great drivers for Brexit was a reduction in immigration, if carried out could be major drag on government finances.…
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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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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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Greece...
Am I reading this right? It seems basic enough, but surely it can't be this simple... That reads to me that the plan is to hopefully write off some of the existing debts as Greece simply can't pay them. Which is great etc. But the plan is to then simply replace the debt that's been written off with new debt, and that…
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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
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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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Celebrate 15 long years today on HPC
This really needs to be celebrated, mourned, or just laughed at, FIFTEEN(15) Long wasted years for what? How many lives have been wasted, how high did house prices go up in those 15 years, how many of the original posters are still about, what is their mental state now. Read some of the threads between 2003 and 2005, the…
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Sibley won't allow prices to fall under £160K
A comment made by Sibley today on https://forums.moneysavingexpert.com/discussion/3777733 Lets see if Sibley and his alter egos (Mr & Mrs Ree) can stop his price falls. The present figures below on the brink of falling below £160k. Average House price Halifax = £160,063 Nationwide = £162,228 Land Registry = £160,384 Do…
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Hs1/ hs2 affect housing prices
Will the north and midland properties prices rise substantially?
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Help to Buy affecting sales?
Hi! I live in Grantham, in the supposedly booming (house-pricewise) East Midlands. I have a decent Victorian house which I have sold by the cunning expedient of pricing it at the RICS valuation which caused a sale to fall through earlier this year. But I cannot get a house bought because it seems to me that house…
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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…
