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Debate House Prices

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Debate House Prices & the Economy

New Chinese embassy in east London
http://www.scmp.com/news/world/europe/article/2149216/landmark-uk-embassy-planned-east-london-china-rides-river-history Situated in front of the Tower of London, on the teeming crossroad to Tower Bridge over the River Thames, the huge palace – built in 1810 – and its surrounding offices have remained empty since the last…
And Next On The List ....... House Of Fraser
https://news.sky.com/story/house-of-fraser-confirms-store-closures-plan-11355951 Another one that has not moved with the times, the majority of their customer base is most likely dead by now.
Reintroduce the full mortgage interest relief
One of the more interesting and paranoia soaked threads over at HPC goon central is this one discussing the petition for the reintroduction of full mortgage interest relief. It has it all, HPC goons imagining themsleves in a great world war against decent home-owners and landlords that apparantly deserve to be bayonetted…
Sale of the century
It seems the government needs a bit of cash from down the back of the nation's sofa. https://www.bbc.co.uk/news/business-44366731 Average purchase price for RBS shares : just over a fiver. Sale price : a little over half that. Just the odd 2 billion quid loss then. No biggie. Funny thing is. I remember wiser commentators…
Millennial of the year
https://www.telegraph.co.uk/news/2018/06/05/italian-man-sparks-outrage-taking-selfie-medics-tend-woman-hit/ Different country admittedly, but this is the demographic that can't buy houses.
Can Millenials Buy A House?
I've posted this subject in the past and today we had a discussion/argument in the office. Half of us think a young person can buy a house or flat. The other half said it was too hard! This came about when someone said youngsters stay at home til thy're 35 or more. So I did a bit of research, where I live a three bed…
Neighbours property an eyesore
I own my house its and old semi detatched house. My neighbours ajoing property is an eyesore. It is the outside of the front of his house it needs reder work (lots of dips), it needs painting and they have no curtains up. I have had people ask me if there are squaters next door its that bad. The previous owners of my…
House prices show biggest fall in 6 years - RICS
https://www.independent.co.uk/news/business/news/house-prices-fall-housing-market-rics-survey-april-a8343561.html Biggest question really is whether this is the start of a short-mid term trend. Price falls in London seem to be getting deeper, with the South East and South West now following. Personally? Didn't see this…
Spider leaving your house to move up property ladder
http://www.thedailymash.co.uk/news/environment/spider-leaving-your-!!!!-house-to-move-up-property-ladder-20180502148446 “The place I’m considering has a garden as well, which will be great for entertaining other spiders, unlike your sad little balcony with all the dead plants and the neighbours’ washing dangling down over…
Japan: train departs 25 seconds early, company apologises
https://www.straitstimes.com/asia/east-asia/japan-train-departs-25-seconds-early-company-apologises-for-truly-inexcusable-mistake Hilarious - imagine that happening here! Genuine question - why is it so difficult to get trains to run on time? German trains are terrible, Swiss not bad, others I dunno. But I always found it…
Houses more affordable than 1970s
https://www.independent.co.uk/news/business/news/uk-house-prices-average-earning-ratio-latest-unaffordable-housing-crisis-a8323086.html Workers in England and Wales need to fork out almost eight times their annual income in order to buy an average house, according to the latest official estimates Disregarding the leftist…
EU says concerned over Italy's 2018 budget, adding to government's woes
The growing influence of Brussels over National affairs. http://uk.reuters.com/article/us-italy-budget-eu/eu-says-concerned-over-italys-2018-budget-adding-to-governments-woes-idUKKBN1CW2HN
Question about TV ad. targeting
Why is it that TV advertising is increasingly targeted at those in society who, we are led to believe by some, have the least money to spend, like the under 25s, and would thus presumably not be able to afford many of the products on offer? This seems to be a phenomenon that has developed over the last five years or so in…
Halifax: House prices -3.1% in April
Biggest monthly fall since September 2010. Noise and all that. But a big swing whichever way you look at it. http://www.cityam.com/285417/halifax-uk-house-prices-tumbled-31-per-cent-april-property
At last: A reason to celebrate
House prices are falling. https://www.theguardian.com/commentisfree/2018/may/10/celebrate-house-prices-falling-britain-property-values Refreshing article to say the least!
Crossrail 2: TfL 'levy' could force nearby home owners to stump up millions for project
https://www.telegraph.co.uk/news/2018/05/11/crossrail-2-may-ask-nearby-home-owners-stump-millions-project/ Home owners living within a certain radius of Crossrail 2 stations could be forced to stump up millions to pay for the project. Transport for London is considering introducing a levy to fund the £30 billion scheme,…
Are degrees in the UK value for money?
The BBC has a piece linked to the increase in maximum fees to £9,250, their take is on the repayment model but entirely misses the point that it is effectively now a graduate tax. http://www.bbc.co.uk/news/education-38651059 However this got me wondering whether the proposed fees are actually reasonable compared to the…
She's 29 and managed to buy (but now whinges)
Just following a theme. And hate to say it, but she isn't doing the younger generation any favours! Poor girl had to go without meals out to pay solicitors fee's... https://www.thesun.co.uk/money/6158840/homeowner-jealous-friends-rent-home/
LIBOR going away means fixed rates mortgages going up
The LIBOR conspiracy fact goes even deeper now that it is being done away with, which means even fixed rate mortgages are going up. Read he fine prin, if your fixed rate mortgage is based on li or then is going to change when the li or is going away https://www.sgtreport.com
GDP collapses
GDP has collapsed in Q1 2018 to just 0.1%, poor performance in the construction side being one of the excuses peddled out. The B of E had pencilled in 0.3% in its inflation forecast.

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