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You can buy a house in Durham for the price of a cheap kitchen
I kid you not: https://www.telegraph.co.uk/business/2018/06/20/uk-housing-market-loses-1bn-value/ Barnet has had the highest median house price for 10 of the last 22 years. The area had a median house price of £7,775,000 compared to that of County Durham and Sunderland of just £24,000. As a BTL landlord, I cackle…
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£578,000 parking space
https://www.straitstimes.com/asia/east-asia/a-single-parking-space-in-hong-kong-has-sold-for-s1-million a single spot in a luxury development in Kowloon's Ho Man Tin district changed hands for a record HK$6 million (S$1.04 million). HK$6 million is £577,898, according to oanda.com. It's gorn mad!
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Bank of England rates could rise more than thought
Another timely reminder that the hour glass is about to be spun over. Farewell to an era. https://uk.reuters.com/article/uk-britain-boe/bank-of-england-rates-could-rise-more-than-thought-says-chief-economist-idUKKCN1G51UI
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HTB interest free period is now up
The first of the help to buy loans that were interest free for 5 years now have to start paying interest on their entire amount..... Every month from now on the amount of people having their interest free period over is increasing....
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Have we seen London’s 10-15 year peak?
First- my situation, bare with me.. My gf and I currently rent in SW2 London and have finally managed to save enough deposit to be able buy something we want. We found a 3 bed flat (we were only looking for two beds) in SW16 for well below our budget. The offer accepted is a bargain, around 50k-75 less than equivalent…
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Targetting the Over-Forties
MPs are threatening to tax the over-40s to pay for elderly care. Once again, they're targeting this age group because there's no point aiming at younger people and governments are scared to antagonise pensioners. We are the generation who were omitted over the savings benefits, so we are going to pay tax to fund the groups…
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Countrywide and Foxtons shares at all time low.
Bloody hell they have dropped so far!! What’s happening!
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The economics of pensions - what should the country do?
At last, something to discuss that has nothing to do with Brexit. Interesting article on the Guardian website. It suggests that incremental increases in age, with people living longer, stopped in 2010. This was confirmed this week in an analysis by the ONS. https://amp.theguardian.com/money/2018/jun/23/state-pension-age If…
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A crashtroll's progress, 1996-2018
I've posted previously about my favourite ever crash troll, M Holmes (aka "FoFP") of Usenet. Back in 1996, seven years after a house price crash and just ahead of a 10-year bull run, this chap was predicting a further imminent crash: https://groups.google.com/forum/#!msg/uk.finance/ziECfUDSCFM/K4wuspagd6kJ "...lack of…
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Brexit Discussions
Hi everyone Please can you read this post on Discussion Time. Thank you! https://forums.moneysavingexpert.com/discussion/5857666/brexit-discussions
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Will we have to pay customs duties with the Brexit from UE?
Hello guys, I'm Italian and I would ask you If we will have to pay customs duties as in the past when we will buy some goods from UK the moment that Brexit will be effective? And I ask you, how your life is financially changed from the Brexit vote? (Better, Unchanged, Worse) Kind Regards,
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Talking Britain Down
http://www.thisismoney.co.uk/money/investing/article-5824697/Brexiteer-Odey-bets-500m-AGAINST-British-businesses.html So now we know leading Brexiteers have HUGE bets against the UK economy in place - and equally HUGE bets for the EU economy. At least now we know why so many Brexiteers have been talking the UK down, trying…
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Taxpayer ‘faces multimillion-pound Help to Buy losses’ on cladded towers
While not writing off the loan, the HTB scheme have already agreed to accept 90% less than the loan on one flat in London - was a story on here not long back, where a HTB flat had reduced in value from £500k to £50k. Was only one way this was going to go once they agreed it to one buyer. Still leaves the buyer in a…
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How much shall we shake the Germans down for?
https://www.bbc.co.uk/news/business-44517753 Getting fairly serious now...I reckon they owe us bigtime....
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Brexit Discussions
Hi everyone Please can you read this post on Discussion Time. Thank you! https://forums.moneysavingexpert.com/discussion/5857666/brexit-discussions
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Fed raises rates by 0.25% and turns more hawkish
Fed policy makers on Wednesday raised their target range on the central banks benchmark short-term interest rate by a quarter percentage point while also boosting their projections for how much they will raise rates this year and next. Given what has been happening with the economy, these moves shouldnt have counted as a…
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Question about cookies
I just wondered what anyone else thought about 'cookies' being 'placed' on their computers by corporations and other 'interested parties'? I've tried deleting 'cookies' from my computer by clearing history, then going to preferences and deleting them there. This has the effect of logging me out of several sites and very…
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Latest regional house price projections
I was wondering if anyone might have the latest house price projections by region?
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London 50% shared ownership vs Outside London 100% with equity loan, which is better?
If you had the option of a shared ownership 1bed property in London for a 50% share at 250k versus the option of a 100% £250k 2 bed flat an 1.5hrs from London by train, which would you prefer?
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Help to buy: "Surveyors undervaluing properties"
Bit of a weird one this, and, in some way, alarming. Couple of points here: 1. In some ways, a lucky escape for the HTB buyer, even though it did cost them. 2. Who are these investors that are willing to buy properties above valuation? 3. How are they getting around the rules on HTB properties / planning regs.…