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Debate House Prices

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Debate House Prices & the Economy

Student Rent Strikes Due to lack of En-suite Facilities
Oliver Mawhinney, a second-year student who is involved in organising the campaign, said students had seen rents rise by more than £800 over the past three years. When the latest rise comes into effect, rents will be £1,500 higher than the maximum maintenance grant available outside London. “Often the accommodation is very…
Privatisation of Land Registery and Office Closures
From what I've heard the "consultation" regarding taking the Land Registry into private hands will be no more than a paper pushing exercise. It appears that it WILL happen in 2017 no matter who believes it won't work. Alongside that it seems that more offices will close and more jobs will go. Apparently, the LR have picked…
Wayleave
I have been approach and agreed in principle to grant my neighbour permission to run an underground electricity wire from a pole on my property to a new house he is building on his property a distance of approx 216 yards. I have been sent a Wayleave Agreement to sign by UK Power who say I will get a annual wayleave payment…
Stress testing of banks
So the bank of Engand found that 60 % of BTl landlords would struggle with a 3% rise in interest rates and only 4% of owner occupiers would. Now they possibly intend on doing something about it. What do you think will happen ?
Everything in place for a US rate rise
Jobs are on track, economy is on track and Yellen has given the strongest hint ever that everything is now in place to see a rate rise at the December meeting. So with the US highliy likely (though not concrete yet) to raise rates and the EU expanding QE and monetry stimulus again yesterday (extension to QE and a further…
Buy-to-let investors will need 50pc deposit - or no mortgage
http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/12027732/Buy-to-let-investors-will-need-50pc-deposit-or-no-mortgage.html Another squeeze on Investors.
80 months of 0.5%
With rates now being the same for 80 months is this now the new norm?? There will be lots of people who won't be able to recall when rates used to be variable!
Has osbourne saved FTBs?
With the recent announcements what is the outlook for FTBs and the housing situation in general?
Tax Credits
Does anyone know what type of people, in general, receive tax credits and will be effected by the cuts? Is it mostly women working in shops while their kids are at school? Dinner ladies, Cleaners? Has anybody seen any good articles about this? Thanks. EDIT 14/10/2015 Do posters think that tax credits are a good use of tax…
Growth or Sustainability ?
The Paris talks on climate change raise a challenging economic question. What is the best approach, to base an economy on growth or sustainability? India's choice seems clear : http://www.bbc.co.uk/news/world-asia-india-34929578 They see growth as the priority right now, at the expense of CO2 emissions. Conventional…
The UK housing market is an example of junkie style economics
https://notayesmanseconomics.wordpress.com/2015/11/30/the-uk-housing-market-is-an-example-of-junkie-style-economics/ Interesting piece I thought. Not brilliantly written but it makes a good case. I'm interested to know the thoughts of others on this.
20yr old 'owning' £250k house
http://www.bbc.co.uk/newsbeat/article/34804311/im-20-and-i-own-a-250000-four-bed-house taking advantage of every scheme and old fashioned saving.... are they onto a winner and well done them, or could they have bitten off more than they can chew???
New higher stamp duty for BTL/second homes
apologies if already discussed elsewhere. seems like quite a big deal to me? will definitely deter at least some casual BTL interest.
Oral Questions to George Osborne, the Chancellor of the Exchequer – 1 December 2015
Hi MSE-ers, Today, George Osborne, the Chancellor of the Exchequer, answered questions from MPs in the House of Commons on the following topics. Business What fiscal steps he is taking to support businesses. What estimate his Department made of the potential cost to the public purse of a HM Revenue and Customs regional hub…
This could change the cost of leaseholds
And just about everything else ... http://www.telegraph.co.uk/news/science/science-news/12017112/Worlds-first-anti-ageing-drug-could-see-humans-live-to-120.html
Retire! London homeowners
Why bother working to fund expensive London property when you could just sell up and retire up north or on Wales or northern Ireland, or abroad?
Owning an Asteroid now Legal in the US
Actually it isn't but this is an interesting step forwards: http://marketbusinessnews.com/owning-an-asteroid-now-legal-in-united-states/113158 Before anyone wonders (and it's ludicrous that I should feel the need to point this out) the ownership and division of scarce things such as resources are economics, it's the first…
Wood Green - The Plan
Massive changes ahead ... http://www.thisislocallondon.co.uk/news/14039457.Council_hold_exhibition_to_show_Wood_Green_plans/
The hidden small print in the Autumn Statement
http://www.lbc.co.uk/the-disgraceful-autumn-statement-policy-that-will-hit-students-120393 Martin Lewis sticks the boot in and rightly so!;)
The economy and the autumn statement
Extra 3% stamp duty on second homes and BTL properties, not a bad move this, it doesn't hurt existing landlords, but it will help future FTB's.

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