Debate House Prices

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Debate House Prices & the Economy

Buy-to-let is danger to UK economy, warns Bank
Headline in both the Times and Telegraph! http://www.thetimes.co.uk/tto/business/industries/banking/article4567635.ece Subscription article
Generation buy is about lower prices 'across the board'
Says Tory speaker on daily politics ( get it on iplayer ). Seems there is now an aim to get 'lower house prices, over time, across the board'. Which I think means one day ( but not in London ) whilst letting people on 50 - 70k get 20% free money to buy in London. Sounds all a bit, crap. Firstly it's disingenuous, the…
Taxpayers' Alliance: Cut pensioner benefits 'immediately'
From link here: http://www.bbc.co.uk/news/uk-politics-34439965 "Ministers should waste no time to make unpopular cuts to pensioner benefits, a think tank director has said. Many of those hit by a cut to the winter fuel allowance might "not be around" at the next election, said Alex Wild of the Taxpayers' Alliance. And…
Shock news!
Interest rates on hold ........ again!
Night tube winners
http://www.cityam.com/226119/london-house-prices-15-night-tube-stations-where-24-hour-services-will-add-a-premium-to-the-value-of-properties Wood Green must have been 16 ;)
It looks like...
... our BTL heroes have moved on from Denial and Anger and are now at the Bargaining stage of the cycle (at least those that understand the CGT implications are anyway)…
Could property sector face its own VW-style emissions scandal?
I've often wondered what an heat image of my house would look like. Probably leaking heat at the roof edges where the installers found it difficult to get to and various thermal bridges due to poor design. Surely an image is a simple enough thing to do after installation? Once again it's more important to be seen to be…
David Cameron: Generation Rent will become Generation Buy
David Cameron has announced today that affordable homes will instead be called "starter homes". This will rmeove them form the Section 106 agreements and will then be sold at a 20% discount, but only to people under 40 years of age. This, in turn, will turn Generation Rent into Generation Buy. Apparently. It's quickly been…
Theresa May: Net effect of high immigration is close to zero
Can't say I agree with everything she says, or even the majority. But seems they are starting to get it.
IMF warns of stagnation threat to G7 economies
The International Monetary Fund is warning that the weak recovery in the west risks turning into near stagnation after cutting its global economic growth forecast for the fourth successive year. In its half-yearly update on the health of the world economy, the Washington-based fund predicted expansion of 3.1% in 2015, 0.2…
‘Tory, Tory, Tory, scum, scum, scum’
http://www.manchestereveningnews.co.uk/news/greater-manchester-news/anti-austerity-rally-video-shows-10192279 Can you imagine, even for one second, the outrage there would be if a bunch of rich people surrounded a labour candidate singing "poor scum" then threw stuff at him? No you can't.... One of the unpleasant…
Tesco suspends execs as inquiry launched into profit overstatement
Tesco has suspended four executives, including its UK managing director, after the supermarket overstated its half-year profit guidance by £250m. Story here
The Power of Capitalism
http://www.worldbank.org/en/news/press-release/2015/10/04/world-bank-forecasts-global-poverty-to-fall-below-10-for-first-time-major-hurdles-remain-in-goal-to-end-poverty-by-2030 So not only is the proportion of people living in absolute poverty collapsing, the number of people in absolute poverty has also fallen massively:…
11 house hunters for every home on the market
There are now 11 house hunters fighting for every home on the market as stock available for sale has plummeted to an 11 year low, according to new figures according to the National Association of Estate Agents. The figure compares to a high point in supply in 2008, when there were two buyers for every house on the market.…
Private rentals cost the state less than council homes
Private rental sector cheaper than the social sector? £100k buy. sell for £200k in ten years. £28k CGT or £2.8k pa Net rent £6k pa. £2.8k pa income tax Total annual tax £5.6k Total rent £7k pa If the rent is paid by housing benefit the gov pays the landlord £7k pa but gets 5.6k pa back as tax. Only costing £1.4k pa Social…
Osborne brings ruin to the UK economy
According to the real experts: "The chancellor’s plans... have no basis in economics. Osborne’s proposals are not fit for the complexity of a modern 21st-century economy and, as such, they risk a liquidity crisis that could also trigger banking problems, a fall in GDP, a crash, or all three." And yet some people worry…
Corbyn used Ed Milliband's speech
http://www.telegraph.co.uk/news/politics/Jeremy_Corbyn/11898060/labour-conference-day-three-live.html http://blogs.spectator.co.uk/coffeehouse/2015/09/much-of-jeremy-corbyns-speech-today-was-written-for-ed-miliband-in-2011/ Hasn't taken long for Corbyn to abandon all pretence of "a new kind of politics". Using stuff that…
Is it looking toppy, stagnant or ripe for a housing boom ?
Simple question regarding the next twelve months in the UK. Toppy, stagnant or Boom ?
London property madness pt 372 - the understairs cupboards being let as bedrooms...
From the Telegraph. Beggars belief: http://www.telegraph.co.uk/finance/property/renting/11901339/London-flatshares-offer-Harry-Potter-style-rooms-under-the-stairs-for-up-to-900-a-month.html It's common knowledge that living in London is incredibly expensive, but there seem to be new housing market shocks nearly every week.…
So the Tories didn't "snuff out" the recovery in 2010
Its official. GDP growth accelerated after the coalition came to power: http://www.theguardian.com/business/2015/sep/30/uk-economy-recession-ons-figures-growth-gdp I look forward to all those Labour buffoons apologising for the lies they have been spreading over the last 5 years.

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