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Debate House Prices

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Debate House Prices & the Economy

Sunderland Nissan Leave voters hope to be bailed out
The FT reports on buyer's remorse in the North East... https://next.ft.com/content/900d015a-3ba2-11e6-9f2c-36b487ebd80a
Carney to quit?
Reports from various sources saying he could make an announcement as soon as Thursday
The Uberpocalypse
As you may well have read, Uber drivers went to court this week with a class action suit in order to try to force the company to treat them as regular employees so that Uber is obliged to do such fripperies as pay payroll taxes and provide the minimum wage to drivers. A judge recently said that Uber had a case to answer so…
Landlord trade bodies say the political fight against tax changes goes on
Cherie Blair doesn't seem to have done a good job. Landlord trade bodies say the political fight against tax changes goes on after High Court rejects legal challenge http://www.housingexcellence.co.uk/news/landlord-trade-bodies-say-political-fight-against-tax-changes-goes-after-high-court-rejects
Ireland moves to control rent rises
By reducing the tax burden on Landlords: http://www.telegraph.co.uk/investing/buy-to-let/irelands-scrapping-of-buy-to-let-tax-is-warning-to-britain I do hope Hammond is sitting up and taking note Imposing exhorbitant tax on landlords will simply result in a substantial rise in rents paid by tenants
Brexits - effect on the HOUSING MARKET ? house prices + Mortgage lenders lending ??
How will leaving the EU has been voted, affect the housing property marking in the next years to come, especially house prices ? and mortgage lenders offering mortgages ? How will they be affected ?
Why Britain and the EU will scuplt a good trade deal
The EU has 104 trade deals, 53 (depending how you count them) of which many are free trade deals with mainly small states, including plenty the size of San Marino. The Single Market membership deal we have now adds an insignificant value to GDP. The new deal will give very slightly lessor access, but our new autonomy…
Ceta: EU 'not capable' of signing Canada deal, Freeland says
If this is the approach of a single small Belgium region. What hope is there for the UK to negotiate a trade deal with the EU...... http://www.bbc.co.uk/news/world-europe-37731955
What will the Remainer Cult say when a good trade agreement is delivered?
Another Brexit thread, yes. I cannot over-state how fascinating I find the Cult of Remain, it's a living experiment into the awesome power of Human resistance to change and immunity to fact. FACT; It is obvious EU - UK trade will not be deliberately hampered by the EU, thus it goes without saying that a perfectly good…
Next opportunity for London landlords?
An insight into Crashy's home life: http://www.scmp.com/comment/insight-opinion/article/2040613/61-sq-ft-flats-hong-kong-why-not-just-bury-us-coffins-and-be Liking the toilet next to the kitchen sink, so you can multi-task while washing up. Appaently developers have been selling 160 sq ft flats for £410,000. It could get a…
Banks poised to relocate out of UK over Brexit
German media is reporting booming of Frankfurt's office space market, with UK banks reserving office space. This, of course, has not been reported at UK media although I do think it is inevitable that at some point the UK media needs to report it too. http://www.bbc.co.uk/news/business-37743700
The Economics of Pessimistic Time Travelling Kippers
https://yougov.co.uk/news/2014/11/20/why-ukips-rivals-are-fighting-wrong-battle/ We all know (and data confirms) that UKIP voters tend to be older, white, male, and ill educated. But wanting to live in the past? Explains a lot..... Anyway, to keep this thread on topic, the economic impact of winding back the societal clock…
How will savings interest rates rise with the BoE base rate?
With a base rate of 0.25%: Savers can get 1%-1.5% for large amounts (NS&I and Santander 123, for example. For smaller amounts savers can get up to 5%. Let's say the base rate rises (as it surely will) to 1%/2%/3%/4%/5%: What rate of savings will be available? Are savings rates typically always a percent or two above the…
Heathrow, Brexit and the Economy
With the airport expansion decision coming up later today, one needs to wonder if we really do need extra capacity in the short term? According to IATA, a 'hard' brexit would lead to an imminent loss of demand. https://www.theguardian.com/world/2016/oct/18/hard-brexit-reduce-need-airport-expansion-heathrow I believe…
The end of austerity?
http://www.bbc.co.uk/news/business-37725544 Public borrowing is now increasing again year on year. Othodoxy was that a deficit to GDP ratio of more than 3% was danger territory but now it looks like we will not go below 4.5% this cycle. To me this is more the cause of sterling weakness than the euro fallout. Don't forget…
council tax retrospective backdated fees?
This is my first post so I hope I can be as clear as most. We moved into our new home in December 2015. We have been paying council tax from this date every month. Today, 20th October 2016 I received a letter from the council telling us that our council tax band will be moving up due to the fact the previous owners got an…
Assault and Battery
I'd always thought Duracell to be the longest lasting battery but in an exclusive Ripoff Britain test, they were out-performed by AEROCELL from Lidl. The test was which could run a toy train on a circular track the longest and the aerocell won by miles. Also, don't store batteries; they can lose a quarter of their power…
The average BTLer has a 21% mortgage and 500% rental cover at 5%
According to the CML, the total amount of outstanding BTL finance at the end of 2015 was £214 billion on 1.8 million properties. https://www.cml.org.uk/policy/policy-updates/all/buy-to-let/ CML also says that the value of these properties is about £1 trillion and that the yield is about £45 billion…
has anyone pulled out of buying due yo current economy?
I've been offered and have accepted a shared ownership flat in London. I've honestly no idea if I'm making the right decision, especially now that the pound is tanking and the fact Tesco and unilever are fighting. I can only see things getting worse, and I do fear that a hard brexit will pull the bottom out of the London…
An Evening With... Jeremy Corbyn
I went to the Brighton rally the other night, and knowing how keen everyone on here is of hearing other political view points and approaching changes in British political life with an open mind, I thought I would report back to the forum. This is Jeremy Corbyn: This is Jeremy Corbyn as he appears to Tory voters: (I…

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