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Debate House Prices

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Debate House Prices & the Economy

23, back from travelling, and can't afford a house in London
This geography graduate from some cruddy northern ex-poly bemoans her lot: https://www.theguardian.com/money/2018/apr/21/how-i-spend-it
She's 22 and she managed to buy
https://uk.linkedin.com/in/becka-mitty-059408136 Has she not realised it's a conspiracy? Now she's got a huge mortgage round her neck as opposed to a lifetime of unpaid rent. What if interest rates go up?
More NHS squandering taxpayers cash
Ever wondered who paid for all those people sitting in business class on flights? Seems us taxpayers do, via NHS quangos: http://www.taxpayersalliance.com/nhs_flights?mc_cid=7b3273cd35&mc_eid=e523d9f24b
Brexit, Leave.eu and MoneySupermarket
As Moneysupermarket are the owners of this site, it seems relevant to point out how they seem to have been using peoples data - sharing it with Eldon Insurance, who then shared it with Leave.eu https://www.theguardian.com/technology/2018/apr/21/arron-banks-insurance-personal-data-leave-eu…
Value of London flats slashed by Grenfell-style cladding
https://www.theguardian.com/society/2018/apr/16/value-of-london-flats-slashed-by-grenfell-style-cladding A homeowner in a housing complex in London with Grenfell-type cladding has been told the value of her £475,000 home has collapsed and is now just £50,000...."All ongoing sales in the development have fallen through.…
Is property in a bubble?
If you look at the official definitions of a bubble and think of the property market for each one. 1. popular mania? YES Property prices are on everyone lips, in the news and everyone loves to talk about them. 2. excessive debt? Oh YES! Very excessive debt compared to the long term norm of about 3.5x income. 3. greater…
Ideal for investors or first time buyers?
Now this I don't understand. http://www.rightmove.co.uk/property-for-sale/property-64004557.html This says first time buyers or investors. http://www.rightmove.co.uk/property-for-sale/property-51772470.html This isn't being marketed to 1st time buyers. I don't understand why the second one isn't being marketed to 1st time…
1 bed property for a million quid.
Bit of an understatement with "Outside is a walled garden mostly laid to lawn with parking", though. http://www.rightmove.co.uk/property-for-sale/property-53545509.html Ideally located for Crashy, once he's finished working himself up to apoplexy and finally burst something important.
London HPI falling at fastest rate since 2009
House prices fell 15% in one borough. Some of the media simply blames "brexit". The others look at interest rates and a bubble. http://www.independent.co.uk/news/business/news/london-house-prices-fastest-pace-recession-2009-acadata-housing-market-report-a8251681.html
Where have all the 20 something’s gone?
House prices in northern Ireland brexit effect.
Hello folks. I understand that there's already a thread discussing house prices after brexit but I can't read through all of it to see if it has been covered. I'm just looking people's quick opinions and prediction. I currently have a house that I inherited (with a mortgage still left)and in working out options. If house…
Savings down debt up
ONS figures for 2017 tell us that household debt exceeded savings for the first time since record began 30 years ago. On average people saved just 4.9% of their incomes the lowest since records began in 1963. Step change estimates that 1.4 million households used credit for basic living expenses. Unsecured debt inc CC's,…
The economics of BitCoin
As bit coin hits $17,000 :eek: I am sitting here wondering how this has come to pass. Nearly $300 billion market cap which is bigger than the biggest bank on the FTSE100 and almost the same as Bank of America the #2 USA bank I am concerned that with the introduction on some big exchanges like the futures for CME group and…
Trump will bring about a new era of prosperity
Trump will turn the world upside down, for the better, starting with a hard line approach on China which has been abusing goodwill for decades, undermining other economies and certainly not making markets more efficient. In the end the US needs nothing from China that it cannot self produce or find elsewhere. Trumps…
Council Tax Reduction
I have contacted VOA to try to get my council tax group dropped by one I paid £74k for my property in 2000 Q1 - Which puts its value in 1991 Q2 at £51,664 This is under the £52k limit for band B - but will they accept my valuation (Nationwide) - or will they use their own valuation ? This has big implications because I…
HPC are having a mass breakdown
HILARIOUS :) 1. Land registry showing prices increasing again 2. FTB's increasing 3. Recent data showing the UK economy more robust than predicted. 4. Immigration still 300,000 plus, and likely to remain so for several years My predictions have been more bullish than most, but even I have sounded pessimistic compared to…
Do we really need more affordable housing 'starter homes'?
So looking at the stats may show that the majority of the homeless are single people looking for a first home and conclude that therefore we need more affordable single person homes - QED But suppose that actually all the 1 bed houses are occupied but families who need two beds but can't afford it because all the 2 beds…
Scottish Help to Buy Scheme Extended For Two Years
Scottish Help to Buy scheme extended for two years http://www.bbc.co.uk/news/uk-scotland-scotland-politics-43634733 :T:beer::j:money:
Primary school closing early.
You know when you see something on the telly and there is immediately something that strikes you as wrong but you can't put your finger on it straight away? There was a primary school that was closing on Friday at lunch time because it had run out of money. I have never seen so much stuff in a classroom. There were…
Ftse
Why has the FTSE fallen 10% this year back to level last seen in 1999 ? And further more do you good people see it falling or rising over the rest of 2018?

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