-
Is this true ?
https://positivemoney.org/videos/introduction/waste-375-billion-failure-quantitative-easing-video/
-
If you sold up and didn't have to work, where would you go?
My own requirements would be warm weather and a proper legal system whereby property ownership is recognised (so that kinda rules out Spain and Portugal). There needs to be no terrorism or acute crime or political coup risk now or plausibly (so no north Africa, Gulf, West Indies or Thailand). There needs to be no…
-
UK House Prices Down 44%!
On Anglesey http://www.dailypost.co.uk/news/north-wales-news/north-wales-community-house-prices-10901790 I suspect that the reason is that we don't have a statistically valid sample. Still it will cheer up some people on a Monday and that's no bad thing.
-
Is the 3% additional stamp duty having the same effect as abolishing double MIRAS?
My buyer wants to complete by the end of next month, as they're hanging on to their existing Property and wants to avoid the additional Stamp duty. House prices here in the SE seem to be going up by ridiculous amounts and defying any logic. I remember when double MIRAS was phased out, and wonder if the additional Stamp…
-
HPC thread of the week
Dont feel like a crash to me: http://www.housepricecrash.co.uk/forum/index.php?/topic/206299-doesnt-feel-like-a-crash-to-me/ Awww!!! The OP is an interesting fish: a low end "recruitment consultant" from Northampton who has a visceral hatred of Estate Agents. This image sprang to mind:
-
GFC: The Gift that Keeps On Taking (RBS Edition)
http://www.bloomberg.com/news/articles/2016-02-26/rbs-posts-eighth-consecutive-annual-loss-on-misconduct-charges Just months after the CEO of RBS heralded a possible return to profit of the RBS investment banking arm in about 3 years despite billions of pounds, dollars and Euro of very cheap capital provided by central…
-
Make what you will
Laying in the bath today, what it being a leap year and all,my mind drifted back to 1960. My aunt sold her home for £600 pounds. 3 bed terrace south east . Looking on rightmove the going price is a bit over a quarter of a million. Been trying to find accurate data on income at that time but it appears that a not too good…
-
New Global Financial Crisis?
Hi People! Just read an article about the possibility of a new global financial crisis in the near future. How do you think this would impact savings and the housing market? Should we use our savings to buy a house now at the top of the market, or should we hold out until a possible house price crash, but risk losing the…
-
The base rate sets inflation in the economy...
An idea... At its most basic person A and B can agree between themselves for A to give to B a house and they create 100,000 credits index linked credits and debts in a ledger and for B to pay over a 25 year period a sum of X credits a month. They have created a debt/credit interest system between themselves. Banks just…
-
Land registry say prices increased last month more than any time in 14 years
http://www.telegraph.co.uk/property/house-prices/house-prices-make-biggest-leap-in-14-years/ 2.5% in England and Wales in one month !!!! 2.8 in London http://www.theguardian.com/money/2016/feb/26/house-prices-january-land-registry London up 13.9% in last 12 months Full report here ...…
-
Haringey
BBC London on BBC Iplayer today 7 minutes in says that a new report cites Haringey as being the lead borough for attracting jobs in Lonond over the next 20 years and with it, it will enjoy the greatest increase in demand for housing.
-
They do not like it up em
Hpc is complete bewilderment and despair discussing the latest set of LR figs... http://www.housepricecrash.co.uk/forum/index.php?/topic/208525-land-reg-jan-2016-whopping-increase/page-1 Quite amusing reading.
-
What's the future of London with the ridiculous house prices?
I saw a 1 bedroom flat in Earl's Court recently go for £450,000. This wasn't an apartment, it was a maisonette. It's absolutely crazy what's going on in London. Most under 35yr olds right now won't be able to buy a house there or a decent property, it's become a generation rent. It seems like the only way is to inherit a…
-
The correction has been, gone, and is over
FWIW I was re-reading a couple of interesting pieces among my rarely-read saved pages recently. One was this Ganudria article from December 2007 about the imminent housing crash: http://www.theguardian.com/money/2007/dec/05/houseprices.property1?gusrc=rss&feed=users In there, note the quote from HPC’s Jonathan Davis that…
-
2016 budget thoughts.....
Hi all. Less than a month till the 2016 budget statement.......... if you found yourself in a pub, faced by the Chancellor and had time (and his undivided attention) to put two budget proposals to him for serious consideration, what would they be? WR
-
Dominic Frisby calling 2016 UK HPI 5 %
It seems the Bears have gone bullish ... http://moneyweek.com/my-12-big-financial-predictions-for-2016/
-
Is there really a housing shortage?
Population of England & Wales = 53m Number of Homes (Inc Flats) = 23m Average amount of people per home = 2.4. So is there really housing shortage? Surely there are other reasons for the out of control property market/Ponzi Scheme.
-
Minimum Wage To Go Up, Are you negatively effected?
Just curious as to whether anyone on here has been affected negatively by the new Living Wage Minimum Wage that is coming in April. (The one that Dave reckons is going to give us a better quality of life!!!) The reason I ask is that in the last month I have had conversations with THREE different people who work in three…
-
Carney: We could set interest rates at 0% and start QE again
Carney seems to have changed his tune somewhat! A bit more forward guidance I guess. He also stated that the bank has absolutely no intention and no interest in negative interest rates. But hey, theres always next week. http://www.bbc.co.uk/news/live/business-35611548
-
Chicken shops or coffee shops?
I say chicken shops on the turn to coffee shops is the answer, this bloke however disagree's ... http://londonist.com/2015/10/decide-where-to-live-in-london-using-the-coffee-and-chicken-method