We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices

In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debate House Prices & the Economy

armanisuitpricecrash.co.uk
From about 20 years ago up until about 15 years back, if I needed a suit, I just used to hack along to Armani or Cerrutti and buy another black or grey one. Although overpriced, I didn't have that much else I needed to spend money on, if you avoided the sales it was a fuss-free experience, and they had a size that fitted…
Govt to announce Stamp Duty Cut for first time buyers
https://www.thesun.co.uk/news/4902639/philip-hammond-will-cut-stamp-duty-for-first-time-buyers-in-bid-to-attract-young-voters-with-2000-tax-boost/ :beer::j:money::cool::T A welcome helping hand up onto the ladder for all FTBs. As you can imagine this news has gone down like a sack of spuds over on goon central. How they…
stocks and shares/FTSE iminent
Just wondering on your thoughts on the possibility of a stock market crash as the FTSE hasn't been so high for many a year and it seems like it can't be maintained indefinitely. Thank you
Stoke-on-Trent Council is selling off homes for £1
http://www.telegraph.co.uk/property/house-prices/stoke-on-trent-council-selling-homes-1/ ...the latest scheme involves buying empty privately-owned properties from absentee landlords. It then sells these at rock-bottom prices with a loan of around £60,000 for the buyers to renovate the property...buyers must have been in…
Renting Vs buying calcs, can you help ?
I' trying to figure out the average monthly cost of buying over a 25 year period, using historical averages. I AGREE BUYING IS BETTER. But just wary of underestimating costs so want to refine my model. Specifically - I'm wondering if it is fair to use long term average mortgage rates or is it possible to maintain teaser…
Buy-to-let investors 'to sell 500,000 properties' as confidence plummets
Landlords will sell 500,000 properties in the next 12 months, according to new research from buy-to-let investor trade body the National Landlords Association (NLA). It says landlord confidence is at its lowest ebb since the dark days of the banking crisis.…
BOE MPC raises interest rates by 0.25% to 0.50%
The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. At its meeting ending on 1 November 2017, the MPC voted by a majority of 7-2 to increase Bank Rate by 0.25 percentage points, to 0.5%. The Committee voted…
Corbynomics: A Dystopia
NB I did not write this nor do I agree with it. http://www.dailymail.co.uk/news/article-3207363/Prime-Minister-Corbyn-1-000-days-destroyed-Britain-brilliant-imagining-Corbyn-premiership-reveals-Tories-gloat-Labour-s-woe-careful-wish-for.html It's bloody funny though:rotfl: The Daily Mail sinks to lows not seen since its…
If Brexit is cancelled...
..there will be a cancellation bill, of course. What do we think the bill will be compared to the exit bill? If you voted for "Less than the Brexit bill" can you explain why you think this?
UK personal insolvencies hit five-year high in gloomy sign for economy
Squeeze on household income continues. http://uk.reuters.com/article/uk-britain-economy-insolvency/uk-personal-insolvencies-hit-five-year-high-in-gloomy-sign-for-economy-idUKKBN1CW1W2
UK Q3 2017 GDP Preliminary Estimate +0.4%
UK GDP up by 0.4% during Q3 (July to September) 2017: Main points * UK gross domestic product (GDP) was estimated to have increased by 0.4% in Quarter 3 (July to Sept) 2017, a similar rate of growth to the previous two quarters. * Services increased by 0.4%, the same rate as Quarter 2 (Apr to June) 2017 and remains the…
London prices falling 1% a month for the last 6 months
Looking at zoopla the flats in my area of Wandsworth have fallen about 6% in the last 6 months. Making them worth about summer 2015 prices. It does seem like London is falling quickly both in rent and valuations.
Good news from the Eurozone
This is a thread to discuss the Eurozone economy. Eurozone upturn regains momentum in September https://www.markiteconomics.com/Survey/PressRelease.mvc/1f59a8757d5e43f993a93c1afe879a37
Brexit - what should we have to pay?
I sometimes hear people say that we have no obligation to pay anything when we leave. Is that argument sustainable? Others accept we have obligations to pay for some things. So for example: - that we must pay towards the pensions of EU employees who built up pension rights before the date we leave - a share of the costs of…
The Defict and National debt - clarification please
Better news on the deficit today, both for September (0.6bn below consensus forecast) and August (revised down by 1bn) http://www.bbc.co.uk/news/business-41691656 However the BBC piece suggests debt has increased by 145bn (7% og GDP) in the last 12 months. This does not fit in with my understanding that the PSBR was…
BMW raided in cartel investigation as Daimler claims immunity
Another bad news story for the German car industry. http://uk.reuters.com/article/us-eu-antitrust-bmw/bmw-raided-in-cartel-investigation-as-daimler-claims-immunity-idUKKBN1CP1QU
Brexit, the economy and house prices (Part 3)
Q1/17 GDP revised upwards to 0.6% http://ec.europa.eu/eurostat/documents/2995521/8057546/2-08062017-AP-EN.pdf/8321df8a-ba1b-433e-9cdc-bfd81e3f4a45 And in further good news, the UK is almost doing as well as Greece.
BBC house price report
Have we already had house price crash, prices in many parts of country lower than 2007 in real terms. http://www.bbc.co.uk/news/business-41582755
Lessons from Ireland's property boom
Irelands property boom is back with a vengeance it seems, with house price inflation now nudging double digit levels and a surge in homelessness. A good discussion here, from RTE, on what this means for FTBs and those renting: https://www.rte.ie/news/player/2017/1009/21250747-the-boom-is-back/ Someone in the audience…
Brexit - divorce bill
In light of Europe not wanting UK to leave without paying vast sums of leaving money (divorce bill) Why don't we stay but give notice for 3 years time to ensure that we still benefit from the rebates etc ?? I mean - surely, they can't expect us to continue to pay the same for another 3 years without continuing to receive…

★ ★ ★ Meet your Ambassadors