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How there haven't been more riots yet I don't know
The corruption and greed continues at pace in London. https://www.vice.com/en_uk/article/every-flat-in-a-new-south-london-development-has-been-sold-to-foreign-investors
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UK manufacturers report strongest export growth since late 2014 - BCC
Some good news. http://uk.reuters.com/article/uk-britain-economy-idUKKBN17E2XM
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Biggest share of UK lenders since 2008 plan to tighten supply of consumer credit
In the news today. http://uk.reuters.com/article/uk-britain-economy-lending-idUKKBN17F0ZI
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Future UK slums
Most people who give the matter any thought would, I think, agree it is unlikely that our generation has stopped building slums. We tend to picture slums as overcrowded Victorian tenements, but comparatively recent developments like this one from 1974 are clearly constructive latter-day slums.…
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Flight seats as fractional reserve banking
https://ftalphaville.ft.com/2017/04/10/2187210/flight-seats-as-fractional-reserve-banking/ A brilliant commentary piece on the similarities between Fractional Reserve Banking and overbooking the seats on flights: both represent promising customers they have claims that cannot be met, both are fundamentally necessary for…
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"Housing Market Slumps"
I'm surprised no one has picked up on this today. It's been all over the BBC news this morning as well. Headlined in The Times. Any comments? http://www.independent.co.uk/news/uk/home-news/housing-market-slump-ten-months-for-sale-brexit-house-prices-a7587076.html
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Why do developers not build in historical styles?
I'll admit my perspective is going to be biased from a London perspective, but I'm sure this can apply to other cities and regions all across the U.K. Around the world, Britain is renowned for its architecture. Cities like Oxford and Cambridge dominate the traditional postcard images in tourist shops and here in London, a…
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Has Brexit now been priced-in
Now that article 50 has been triggered (albeit over nine months later than most would have expected), we finally have clarity on certain points: We are definitely leaving the EU. The UK has officially, formally, publicly stated its intention to leave the single market on the basis that it acknowledges that its refusal of…
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Bank of England warns banks about risky lending after borrowing surge
About time focus returned to the real world. http://uk.reuters.com/article/us-britain-boe-idUKKBN1761JO
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unwinding the $4.5 trillion in bonds on its balance sheet this year
Two years ahead of the UK on the curve of recovery from the GFC. http://www.cnbc.com/2017/04/05/fed-set-to-unwind-balance-sheet-this-year.html
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The importance of polls - its all about what the people want
As polls seem to the arbiter of all things here's an experiment in polling; will the affected parties respect the democratic wishes of the board? Like all good referendums it's binary choice I reserve the right to hold another one in a few weeks time in case I don't like the result or in hindsight wish to reverse it.
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Now is the time to incorporate
With many landlords now incorporating to avoid S24 and gain other tax advantages (eg 17% corp tax soon vs 45% income tax) would now not be a perfect time to try and set up a national or regional pure residential REIT I am only a mid sized landlord so its outside of my scope but I feel there is a business plan somewhere in…
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Nine places to invest in 2017
http://invezz.com/contributed/real-estate/25452-Predictions-9-Places-to-Consider-for-Property-Investment-in-2017
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Scraping By On $500,000 A Year
http://www.financialsamurai.com/scraping-by-on-500000-a-year-high-income-earners-struggling/
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VAT deregistration
With the changes to the flat rate scheme imminent, I wondered if anyone else here is looking to deregister In addition to my main job I run a small limited co which is VAT registered. My expenses are simple but small, so cba to claim through the normal scheme. Most of the small businesses I know are looking to do the same…
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Why the bad news for landlords is just beginning
In February, the average national monthly rent in the UK fell by 0.6% year-on-year, to £921. In reality, rents went up in most places (particularly Wales – up 5.3%) but fell hard in London and fell a bit in the Southeast. In London, rents were down by 4.3% to an average £1,246 a month. And in the southeast of England,…
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Good news for tenants RENTS FALLING
Good news for hard-pressed, hard-working, would-be first-time buyers – last month, rents in the UK were down year-on-year. Well, not strictly across the UK. The average figure fell, but it was dragged down entirely by figures for London and southeast England. Still, it’s a momentous occasion. Rents in the UK haven’t fallen…
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London Rabbit Hutches
https://www.theguardian.com/society/2017/mar/27/dog-kennel-flats-barnet-house-smaller-than-travelodge-room Just when you thought things couldn't get any more ludicrous this appears. Can't wait to read the estate agent blurb - quality fittings and luxurious open plan kitchen, oh and open plan bathroom too. This is the kind…
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Will Labour split?
The grassroots party is so divorced from the Parliamentary party that it seems inevitable this split must get formalised at some point, with a split. A catalyst for this seems likely to me to the May council elections, at which, based on current polling (Tories 45%, Labour 26%) Labour are likely to get completely diced. So…
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Will House Prices Crash in 10-20 Years?
So all those people who bought houses at rock bottom prices in the 1970's/1980's and 1990's - will they struggle in the future? There's loads of that generation of people who will come to sell their house, probably around the same time. Do you think house prices will crash down because there will suddenly be loads on the…
