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Debate House Prices

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Debate House Prices & the Economy

London prices are not too hot not too cold
Lots of talk about London being far too expensive and overpriced and a bubble but imo London is not that unaffordable with the average terrace costing 6.5x the average full time working couples median wage London Median full time employed male wage £38,741 Median full time employed female wage £31,800 Median full time…
The Problem With China's Economy is Poor Balls...
...kinda. China makes 38,000,000,000 ball point pens each year but makes 0 balls to put at the end of the point. The reason? It can't make good enough balls to put on the end of the pens. The reason? It isn't worth spending on R&D because every other company will steal your ideas and there's nothing you can do about it.…
It's not grim up North!
http://www.independent.co.uk/news/uk/home-news/hull-named-among-rough-guides-10-cities-to-visit-in-2016-a6794326.html Loads of investment going in from Siemens to make wind turbines there too. Good to see the North becoming a bit less grim. Northern Powerhouse anyone?
Global Housing Market: Price Crash Led by Major Cities And Rapid Exit Of Investors
Should we be worried? http://www.globalresearch.ca/global-housing-market-price-crash-led-by-major-cities-and-rapid-exit-of-investors/5503743
"Breakeven Crash Requirement"
I think this observation from another thread is a really good question generally, and worthy of its own thread. Although you can only answer the question accurately ex post facto, do STRs and the like ever ask themselves what level of crash they need? My sister STR'ed in 2006. She sold a huge place in west London for £1.7…
Are Renters 2nd Class Citizens?
There's a thread over on HPC called 'Why are Brits so obsessed with buying their own homes' where a number of responders have identified renting and renters as clearly 2nd class citizens. Is this assumption correct? Personally I think Brits are not obsessed with own their own property, more that they prefer to be settled…
UK Labour Market Stats
http://www.ons.gov.uk/ons/rel/lms/labour-market-statistics/january-2016/statistical-bulletin.html Bad news for anyone that wants a Labour win in 2020:
London is so attractive that ...
Even FT writers who think house prices are going to go down, still press ahead with buying property ... http://www.ft.com/cms/s/0/a039b728-c067-11e5-846f-79b0e3d20eaf.html#axzz3y5Kqx3WF
City centric world
We've often had discussions on here about companies moving out of London. I like to think I'm open minded and willing to change my mind if presented with good arguments bug I've always been of the opinion that businesses value qudos, being close to customers, talent and good infrastructure and that most board members place…
HPC-TheCountOfNowhere
In theory this should be on the HPC thread of the week, however since it highlights how dangerous the views of these people are, Then I think it deserves a thread of it's own. Especially as thecount and his cronies have been invading the MSE boards to encourage people to sell at a loss. On this thread on HPC they are…
Journeys up the property ladder: ‘I know that I am just so lucky’
We had been married for two years before we bought our first home. We’d saved the £1,000 deposit ourselves. Chris had a good salary in the merchant navy so couldn’t spend much while away at sea. I already had £500 behind me. Don’t ask me how, as I was only earning £10 a week. We were groomed to be careful as in the 50s…
The Impact of the US Winter on the Economy
http://blogs.wsj.com/economics/2016/01/23/blizzard-heres-the-weather-effect-on-the-economy-youre-not-thinking-of/ Continues... TL;DR version: weather has a complex interaction with the economy but warmer winters seem to lead to greater output (and warmer summers to less perhaps...?). Despite the storm, the US is having a…
Ignore the gloom-merchants: The UK’s investment-led recovery is sustainable
http://www.cityam.com/231763/ignore-the-gloom-merchants-the-uks-investment-led-recovery-is-sustainable
FTSE100 now officially in bear teritory
It's fallen 20% since it's high in April 2014. Just sayin..... Oil and commodities seem to be weighing heavy on the stockmarkets, alongside worries over China- meanwhile people seem to be worried that we are heading for 2008 all over again.…
Does the strength of Sterling reflect Britain's economic strength?
As George Osborne claimed
UK house price to crash as global asset prices unravel
THE TELEGRAPH UK house price to crash as global asset prices unravel Asset prices around the world are collapsing as the global economy slows and UK housing will not escape By John Ficenec http://www.telegraph.co.uk/finance/property/house-prices/120... House prices have broken free from reality and defied gravity for far…
Red Day on the Markets
9 shares up 91 shares down In the FTSE today. Hard to avoid the bad news.
Should Mark Carney Shut Up?
I do not profess to be an expert in economics, but IMO the BOE have completely lost the plot re: interest rates. Carney was meant to herald a new era of "forward guidance" and all he has done is stir up uncertainty. I'm a homeowner and even I think it is ridiculous that interest rates are still 0.5%. We are in a new world,…
future planning and house prices
Probably wrong forum but there is alot of knowledgeable people here who's opinions I respect. My son is 9 and is unlikely to ever be economically independent as an adult. He will most likely be ok living on his own but will need fairly regular assistance and support. I want to start planning for supporting him (and am…
Earning the National Living Wage? Then you can’t afford a starter home in 98% of LAs
As Cat Smith MP (outnumbered 4 to 1 on BBC Question Time by right wing ideologues) said last night: With this absurd situation, surely wages must rise or house prices must drop. Which is it to be?

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