We'd like to remind Forumites to please avoid political debate on the Forum... Read More » This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices

In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Debate House Prices & the Economy

Rightmove Sept: + 0.9% MoM +6.4% YoY - New Record High
http://www.propertyindustryeye.com/drought-asking-prices-soar-to-new-record-as-stock-levels-dry-up/ And yes, I know, it's only asking prices. Sold prices however are showing very similar rises. According to the ONS Prices are up 5% plus in the last year and the average price of sold houses in the UK as of July was £282,000.
First Apple Car due in 2019
http://www.wsj.com/articles/apple-speeds-up-electric-car-work-1442857105 In 2007, Apple released the iPhone and had a market cap of $106,000,000,000 (number of shares times price per share, used as an imperfect proxy for the value of a company). By comparison, market leader Nokia had a market cap of $110,000,000,000. Fast…
Can stimulus ever really *fix* a problem?
I read this today (it is wrote in regards to the markets) Over the past few years we've had so many people stating you can't fix these problems with stimulus, it only artificially increases prices until you remove the stimulus. We've had people saying it delays the problems. How many times have we heard "kicked into the…
Whatever Happened House Price Crash?
There are people around who incessantly talk about House Price Crash. Whatever became of it?
Rogue landlords and licensing
Anyone actually disagree with either parts of this story? I.e. A) that rogue landlords should face prison sentences and b) a standard licensing system should be in place for all to easier find those rogue landlords? http://news.sky.com/story/1555399/rogue-landlords-should-face-prison-time
For all the BTL fans
An interesting story that I will follow to see whether they are making a profit. Assuming they will keep their blog running. http://www.arbing.co.uk/london-property-investment/
London expected to be plus 80% 2007 prices
In 2020 ... http://www.ftadviser.com/2015/08/25/mortgages/mortgage-data/average-london-property-price-to-hit-k-by-ZcaOrEYbwa5vZkPlq2sQoM/article.html
It looks like it's begun!
It looks like it has begun. We have been telling you here for rather too long that the huge rise in the supply of new-build flats in London would eventually lead to a glut in the supply. In the wake of the financial crisis, when the pound was weak, commodity prices were riding high and Asia looked to be booming, it made…
37 Ways to Reform the Economy So It’s Not Rigged for the Rich
but I'm sure it's the same as Corbynomics in the UK :T http://www.alternet.org/economy/37-ways-reform-economy-so-its-not-rigged-rich-according-progressive-economists
Wages are growing at their fastest rate for six years - + 2.9% YoY
http://news.sky.com/story/1553459/wage-growth-boosts-consumer-spending-power Good stuff.
RLA Survey
I have just filled in a survey from the RLA (Residential Landlords Association). It asked for my opinion of a few things but the one that surprised me was if I would support the idea of not having to pay Capital Gains Tax if I sold to a sitting tenant. Any thoughts on the implications of that?
No pay rise? Blame the baby boomers' gilded pension pots
We haven't had a Boomer thread for a while ;) So I thought this might be of interest to some. Incidentally, I don't have a Final Salary Pension so you can't blame me! http://www.theguardian.com/business/2015/sep/14/uk-pension-fund-shortfalls-blocking-pay-rises
We need more of these
Companies like Lidl, who have today announced (though it seems the news announced it yesterday!) that Lidl staff will see an instant increase from £7.30 per hour to £8.20 per hour (£9.35 in London). The move aligns Lidl's staff with the Living Wage Foundation scale. Lidl also say if this scale moves upward in the coming…
Bank of England may have to cut interest rates
The Bank of England's most dovish rate-setter, chief economist Andy Haldane, today said that the central bank's next interest rate move could be a cut rather than a widely-expected hike. Speaking at the Portadown Chambers of Commerce in Northern Ireland Haldane said the balance of risks to UK growth and inflation are…
Funny Old World
I'm old and have seen some things ... but today's climate is like nothing I've ever seen before. Inflation is at Zero, and has been for a while ... I remember 20%+ inflation. My savings receive much more than zero interest so I'm getting better off ... indeed, everyone should be getting 3% on £60k in 3 Santander 1-2-3…
Are you to the right or left of our leaders
In view of the recent election of Jeremy Corbyn for Labour, I was wondering where you stood relative to our political leaders? Has anyone on this board taken the political compass test to find out? The Discussion Time posters surprised me with their results a few years back. https://www.politicalcompass.org/test
Corbyn effect! Re-nationalising! At last some sense!!!
With Corbyn now on the scene, at last we're getting some sense in the private/public ownership debates. Take energy companies as one example: How stupid is it that we have one product, energy, needed by everybody, being split up between various wholesalers, retailers, marketing and other companies! All of these companies…
Lower wages and reduced union membership lead to lower GDP
It seems that lower union membership doesn't only lead to economic inequality, but also reduces GDP, so the nation as a whole suffers. WRITTEN BY: Alice Martin, Researcher, Economy & Finance James Meadway, Chief Economist Professor Ozlem Onaran, University of Greenwich Alexander Guschanski, University of Greenwich…
I liked this and agree
Just goes to show how Blairs great idea of university works. £30,000 before you get started. Lots of useless degrees, which if you 18 might be appealing, in my case would have loved to do a degree in sound engineering, having spent my life in earning from music, i know that is not a degree to easily find work. here is the…
Vince Cable suggests an "old fashioned boom developing"
He states that this "very worrying" boom which is developing is very reliant on rising house prices, credit and consumption. He says the trend cannot continue. If you have an economy which is totally reliant on a housing boom and on credit, then that is worrying. He also goes on to say there were plenty of arguments…

★ ★ ★ Meet your Ambassadors