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Another plus for no deal Brexit....
https://www.bbc.co.uk/news/business-49543575 excellent!
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Irish hard border question
Forgive me if this has been answered already, I did try a forum search. In the event of a No Deal Brexit my understanding is 13% of goods imported to the UK would immediately have to pay tariffs with more to follow later (source), and many more goods being exported to the EU would immediately have tariffs to pay. Since…
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Rents are like to spiral going on this.
For those deluded individuals who think there will soon be a glut of cheap empty properties where you can fill your boots I suggest you read this:) https://www.bbc.co.uk/news/education-49412835 A shortage of family homes is worsening with things unlikely to improve in the medium term, the money just isn't there, and with…
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HPC.com.. 2000 to 2020 RIP
A financial website who try's their hardest to convert others at one time in their history on an hourly basis through mass posts on various other financial websites, now with very few supporters left. Should they now just pack up and go away with some dignity?
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Rightmove.. YOY up and sales on the up
https://www.thetimes.co.uk/article/buyers-return-to-housing-market-after-prices-slide-f006hsxbg How many times did I say it and with Brexit only weeks away, a weak £ would only encourage more buyers and I am convinced as sterling drops more it will get better with more foreign buyers taking advantage, not that it needs to…
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Uber in trouble
https://www.telegraph.co.uk/technology/2019/08/09/uber-has-bigger-problems-5bn-loss/ Ultimately, Khosrowshahi argued, the taxi business's main competitor is car ownership. The hope, he said, was to get to a situation where people have no need to own a car.....A recent study commissioned by Uber and Lyft concluded that…
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Rents up again
* Private rental prices paid by tenants in the UK rose by 1.3% in the 12 months to July 2019, unchanged since May 2019. * In England, private rental prices grew by 1.4%, Wales experienced growth of 1.0%, while in Scotland private rental prices increased by 0.9% in the 12 months to July 2019. * London private rental prices…
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Land Registry HPI Report June 2019
https://www.gov.uk/government/publications/uk-house-price-index-england-june-2019/uk-house-price-index-england-june-2019 So even despite the Brexit uncertainty, the overall market is ticking along - albeit if London shows small negative price growth.
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What will average house prices need to fall to for the next generation to buy own home?
What will average house prices need to fall to for the next generation with normal jobs to be able to buy their own house with about a 5% deposit and a mortgage about 3.5 x income? Without help to bubble or any other crazy schemes Either wages need to skyrocket to meet the elevated property bubble, or the long awaited…
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Looks like somethings underway with property investors
Some portfolios come up on Rightmove, must be having problems finding buyers. 3 aren't built yet. Down £100k in 2 months to £1.8m, for 9 leasehold apartments https://www.rightmove.co.uk/property-for-sale/property-81550523.html Rental income of £101,700 per annum Service charge - £5,200 pa for all 9 apartments Ground Rent -…
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50% house price crash does not = more affordable homes
Here is a explanation that most will not understand but...what the hell If House prices fall 50% are the people of the UK any better housed? Maybe on an individual level a person can answer, yes sure if house prices fall 50% I can buy a bigger better home. That makes sense it is easy to understand... But nationally are we…
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Can you imagine the destruction in the UK if the property market crashed
I just cannot read what I am reading on the internet these days, people on so many websites who are actively trying to destroy the country they live in just so they can move into a cheap house.. Can you imagine the state of the UK if property prices were to collapse, 40% or even 50% or worse? Millions of jobs would be lost…
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Good news: UK house prices are stuck in the doldrums
Good news: UK house prices are stuck in the doldrums UK house prices are set to tread water while incomes rise, making property more affordable, says Merryn Somerset Webb. The numbers aren’t looking good for residential property investors. House price growth in the US fell to a mere 1% at the beginning of this year,…
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Brexit is good for housing, it will bring about the correction sooner
Some people say a correction in house prices is a bad thing, but actually it's a good thing for the uk. Yes brexit will bring lower Josue prices and this is a good thing,mthis is why so many want it
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It here NEGATIVE IR mortgage FINALLY get paid interest on your loans
The stupidity is laughable if it wasn’t really happening The desperate measures to keep postponing the inevitable correction in the markets https://youtu.be/-MobuO5oqTk
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Silver coinage without gold standard?
Is it possible for a currency to use silver in its coinage, without maintaining a 'gold standard'?
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The characteristics and incomes of the top 1%
https://www.ifs.org.uk/publications/14303 The highest-income 1% of income tax payers have about 12% of the taxable income (for income tax purposes) and pay 27% of all income tax. Income tax is more top-heavy than the two other biggest revenue-raisers, National Insurance Contributions (NICs) and VAT, although less top heavy…
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UK house prices continue their long, slow drift lower
In most cases, if you are in the market for a house, you’ll find that your wages are rising faster than house prices are. https://moneyweek.com/510317/uk-house-prices-continue-their-long-slow-drift-lower/ The huge disconnect between property prices and wages is slowly correcting. Either property prices come down in…
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Universal cruelty number of repossessions about to skyrocket
As he says in the video, it’s still only about 30% already on universal cruelty. As the other 70% move on to it, the food banks and repossession people will not be able to cope. https://youtu.be/ccbCX16zO5g
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US interest rates cut for first time in a decade
The US central bank, the Federal Reserve, has cut interest rates for the first time since 2008. The Fed announced a 0.25 percentage point cut, taking the federal funds target range to 2-2.25%. BBC News