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Debate House Prices

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Debate House Prices & the Economy

I have a growing feeling that Britain will NOT leave the EU
I have had the growing feeling during the past couple of weeks that Britain may not leave the EU. When the referendum was held many if most people thought it was a strait-forward question with a simple result that if the vote was to leave this was going to happen very quickly. We are now in a very different place, five…
Harringey to build just 12% for long term need
https://www.theguardian.com/money/2016/dec/12/house-prices-to-rise-2-in-2017-rightmove
Italian referendum
No concern? Or another nail in the EU coffin? My money's on the latter
Robots to save the global economy?
https://www.washingtonpost.com/posteverything/wp/2016/12/02/robots-wont-kill-the-workforce-theyll-save-the-global-economy/?utm_term=.b9e5e172adad The United Nations forecasts that the global population will rise from 7.3 billion to nearly 10 billion by 2050, a big number that often prompts warnings about overpopulation.…
Should national referendums be counted centrally?
Due to the divisive impact that binary referendums have on the various countries, regions and cities within the United Kingdom, should votes be counted centrally rather than on a constituency by constituency basis? In the EU referendum, we voted as an United Kingdom on the question of whether to remain in the EU or not.…
Have you read a good economics book recently?
Spurred on by one of kabayiri's posts a couple of days ago, I wanted to start a thread to get recommendations for good economics/geopolitics/business books that are relevant to this board. I've read a couple this year, with differing degrees of interest. By far the best was Prisoners of Geography, by Tim Marshall. It talks…
Does it matter if journalists don't understand economics?
In this piece it seems that the UK has guaranteed back-up electricity more cheaply than was expected. http://www.bbc.co.uk/news/business-38263177 The BBC journalist rather than seeing this as good news, sees it as a problem because redundant gas power stations will not be built. In general does it matter that journalists…
Referendum & newspapers
I don't think that there's any doubt that the printed press influenced the referendum massively and I'm interested to see which papers were read by voters from both sides. I'm not at all interested in which papers are read by individual posters but am simply curious to see whether my thoughts pan out. Edit: I can't get…
Living longer - it's a killer problem
http://www.thisismoney.co.uk/money/pensions/article-3986262/Half-65s-think-view-living-longer-problem.html I wonder if the government will combine NI and tax so pensioners have to pay towards the NHS ?
I have a growing feeling that the EU is falling apart
The Italian banking crisis is reaching fever pitch. The eurozone crisis never went away; it was just overlooked in the Brexit upheaval. But you can rely on Italy to trigger thoughts of catastrophe and, sure enough, the arrival of this weekend’s referendum on constitutional reform has spooked markets.…
India
Is the situation in India going to be deflationary for the Rupie? All those large notes that won't be exchanged before the deadline, or the owners have used up their allowance and have no way to change them or spend them. So after the deadline, in 2017 the 'money' supply of India will have contracted by a large amount?…
Interesting speech given by Carney today
Too little too late, I fear, but he is right. Globalisation has hurt a lot of people, hence the current unrest among those whose wages have fallen dramatically (a majority), and who do not have proper jobs or the prospects of any means to better themselves, with very many of the jobs that used to exist now gone to those…
Boomers Pension Gravy Train Finally To Be Derailed
Running in both the Guardian and Independent today. https://www.theguardian.com/money/2016/nov/06/triple-lock-pension-should-scrapped-mps-generational-inequalities http://www.independent.co.uk/news/uk/politics/scrap-the-triple-lock-on-pensions-mps-say-a7399721.html Millennials worse off than their parents, retiring boomers…
% profit on new build properties.
I am seeking information regarding the expected income a builder / developer would expect to make from building a new house (not including the land purchase). I realise there are a few ifs and buts but generally... is there a point of information out there I can use as reference? I am told verbally that in the South east…
Govt policies demonstrated to be helping housing shortage crisis...
http://www.bbc.co.uk/news/business-38180588 New btl taxes reduce demand for new build properties which no doubt means less will be built. ....Oops
Inter generational fairness
Is it me, but....., I think the young of today do have a tough deal which was different to when I was 20 over 30 years ago. Defined benefit pensions are as rare now as honest politicians, tuition fees are ridiculously high, and the cost of housing (the price) is high. But I got a degree but couldn't afford my first car…
Where are mortgage rates going?
Purely personal relevance, do people think market leading 5 year fixed rate mortgages will be higher in 2 years time and if so by how much? I have an ERC if I want to remortgage now but it might be worth paying if rates are 1% higher in 2 years time.....
House Buying Remains Unaffordable at 17.8% of take home pay...
Or not, in fact mortgage costs are approaching a recent low at only 17.8% of take home pay for the average FTB. http://www.bbc.co.uk/news/business-37987696 Then again I know someone who spends £70 per month on their iPhone package - on a 2 year IO fix at 0.99% that iPhone is costing them as much as an extra 84k of mortgage…
RBS, Barclays and Standard Chartered fail BoE stress tests
3 UK banks have failed a Bank of England stress test for another global economic crisis. This was a far tougher test than has previously been carried out. BoE says that the banks already have plans in place to increase capital. Breaking news at moment, so will try and add link later. Good to see that they are being so…
Why the BoE got Brexit forecasts wrong
They believed the doom mongering in the newspapers that supported Remain. http://www.telegraph.co.uk/news/2016/11/28/doom-mongering-brexit-forecasts-have-serious-holes-reality/ What a bunch of clowns. To think that management of the economy is entrusted to them.

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