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Debate House Prices

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Debate House Prices & the Economy

After its ground-breaking but controversial voyage
After its ground-breaking but controversial voyage
Where in London would prices be worst hit because of Brexit/Whatever?
Hi All, Just wanted to get a bit of a debate going ... Which areas of London do you think would be hit the hardest if there is a price drop/crash in this city because of Brexit or for any other reason. The rich areas: Kensington, Westminster, Mayfair etc The middle class areas: Islington, Southwark, Hackney etc The working…
Buying cheaper than social housing for half the country
Average social rents are ~£385 pm PLUS THEY GO UP YEARLY Mortgage with 10% deposit 3% interest rate. North East & North West average terrace price less than £70,000 18 year repayment mortgage, repayments of £378 a month Yorkshire&Humbar Average terrace price is less than £79,000 21 year repayment mortgage (£380pm) Wales…
A new look website for a new LEASE
The Leasehold Advisory Service (LEASE) is proud to announce the relaunch of its website. With changes to navigation and functionality, along with a more modern look and feel, the new website will allow for a much improved user experience. ‘The new look website is a fabulous resource for leaseholders, directors of…
Brexit means Brexit
Brexit clearly means Brexit but there is such a thing as cutting off your nose to spite your face. I think the referendum outcome should be respected so I can only see the decision being reversed by a second referendum (ie not by a vote in Parliament). So what could the EU do that would justify UK holding a second…
Mark Carney says Bank of England actions staved off UK recession
Bank of England Governor Mark Carney claims the chances of a UK recession have receded due to its actions. He told a committee of MPs the risk "has gone down" thanks to its "timely, comprehensive and concrete" action to "support and cushion... the economy". Last month's rate cut to an historic low of 0.25% helped support…
Today's Bear food
A number of negative articles re House prices in today's newspapers. https://www.theguardian.com/commentisfree/2016/aug/25/brexit-crash-house-prices-referendum http://www.dailymail.co.uk/money/mortgageshome/article-3756512/RACHEL-RICKARD-STRAUS-evidence-clear-house-price-rises-stop.html
Apple facing record bill for Irish tax
Looks like the temperature is about to rise between the US and the EU. Bursts Scotland's bubble to offer something similar where it to become Independent. At least the UK can control it's own taxation policies. http://www.bbc.co.uk/news/business-37216176
House prices up? But asking prices are falling!
I've been closely following the market since about 6 months. We are looking to move to a bigger house. In my area (Beckenham, SE london), properties listed at the 800k mark have come down to around 750k now. My property was valued at 650k+ , its now in the region of 600k. We registered with a few EA's locally back in May.…
What does brexit mean for UK property?
I'm speaking specifically from a London context. The rest of the UK I don't know much about. I think the Pound has more to fall over the next year or two. Short term volatility up or down but trend is down. I don't think this will prompt the government to increase rates. They were happy to sit on a 20+% fall in 2008. I…
Right To Buy replacement Stock - a political con
http://www.bbc.co.uk/news/uk-politics-37298981 I am one of the small minority in favour of right to buy as a concept. In genreal it is about giving people a housing discount they would acrue over many years through subisdiesed council rents in a 'single shot' as a discount so is fiscally neutral. Combine this with using…
Inheritances v Cost of capital v #Children/woman
Typing out loud.... Theory: As each generation in the UK now receives in the region of £8.8 trillion* (my guess was £6 trillion) in gifted/inherited capital and now that women only typically have 1.8 children we have entered an age where youngsters don't need to save not with £8.8 trillion heading their way. The economy is…
Brexit sparks overseas spending spree in London property
The fall of the pound following the EU referendum has triggered a spending spree in London's property market from foreign investors. But these overseas buyers are no longer just targeting prime central locations. Changes in stamp duty mean that they are now interested in cheaper properties - pitting them head-to-head…
Britain can be better off outside Europe
Says former BOE Governor. http://www.thetimes.co.uk/edition/business/britain-can-be-better-off-out-of-europe-says-king-rkv6n6qzn Of course, many of us knew this already.
Zoopla's ridiculous valuations!
Our previous house had a Zoopla valuation of £20k less than the exact same house next door. As we were moving I contacted them to request a revaluation to get the two houses to be valued similarly as didn't want any potential buyer to use this tool as a bargaining point. (Both houses were on a 4 year old development, with…
The Beginning Of The End For TTIP?
Is this the beginning of the end for TTIP? The German Vice Chancellor & Economy Minister Sigmar Gabriel thinks so. https://www.rt.com/business/357454-ttip-talks-failed-eu/
Will the Co-op party become the official opposition?
Apparently, a number of Labour MPs are actually members of the "Co-operative Party". It's officially aligned with Labour, but is recognized as a separate entity by the Electoral Commission. https://en.wikipedia.org/wiki/Co-operative_Party Rather than new forming a breakaway party akin to the SDP, it seems many Labour MPs…
Labour want to ignore the will of the people...
http://www.bbc.co.uk/news/uk-politics-37167253 Why does he think he needs another vote - shall we keep going until the UK electorate vote his way? That would be an interesting way to vote at elections and I'm pretty sure its how dictators work? That's not very democratic is it?
Worth a look
At this point I am not going to say much. As we know this board was almost relegated to discussion time due to the bull and bear rows some years ago. In Plymouth where I live, pretty much unchanged from 2008 but my wife and sisters jointly owned property in Reading has gone ballistic in the last 3 years. From £260,000 to…
Housing benefit to private landlords
http://www.cityam.com/247918/housing-benefit-paid-private-landlords-has-doubled-93bn I would prefer it if we tried a free market approach. There is no need for housing benefit. Let people move to where they can afford. If business can't afford to hire staff in a particular location, let them pay more or move to a cheaper…

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