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Debate House Prices

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Debate House Prices & the Economy

Why the Tories Won
http://www.telegraph.co.uk/news/general-election-2015/politics-blog/11593854/Votes-Per-Seat-for-each-party.html http://www.telegraph.co.uk/news/general-election-2015/politics-blog/11593854/Votes-Per-Seat-for-each-party.html Party Votes per seat Conservatives 34,244 Labour 40,290 SNP 25,972 Lib Dem 301,986 DUP 23,032 Sinn…
Right to Buy for Private Tenants.
Why not? Many councils were forced to sell houses against their will, so the principle has been established. Discounts would have to be lower, say 10% or being allowed to buy at the purchase price five years ago if you had been a tenant that long. There would need to be safeguards to ensure landlords did not evict tenants…
The Derrivatives time bomb will ignite when Greece defaults!
If someone foolishly kept lending to a business that was year after year making a bigger loss every year, then that would be one very foolish lender. What do they do? Well for the last few years this foolish lender just keeps increasing the amount they lend, maybe hoping they get some boost and the debtor could start to…
Real supply and demand in the property market today?
We often hear that the population is going up faster than new property is being built, therefore there is a supply deficient compared to demand, right? Well you could say the same thing about Italy and Greece. There are more desperate illegal immigrants on overcrowded boats risking their lives to arrive with no money and…
Rigging the gold market
Maybe 'Smeagle' was right all along .... http://www.telegraph.co.uk/finance/china-business/11679496/Bank-of-China-becomes-first-Asian-firm-to-help-set-Londons-gold-price.html
Swine Flu, SARS and Ebola weren't enough to slow house prices...but how about MERS?
http://www.bbc.co.uk/news/world-asia-33090051 Coming to a country near you this winter?
Wages Rise, Unemployment falls again....
http://www.bbc.co.uk/news/business-33162403 With CPI at just 0.1%, wages are now rising 2.6% above inflation per year, which is not bad actually by historical terms. :beer:
Asking prices up 3% in a month according to June rightmove report ...
http://www.rightmove.co.uk/news/articles/property-news/prices-surge-to-new-record-as-buyers-act-but-sellers-hold-back The crashists could never have been so wrong.
£150k for income
Did mention a while ago about my ideas for investing for income and was pointed out it maybe wasn`t the best bet. I am only concerned with an annual income. Assuming my wife and I have filled our s and s isas I am wondering the best route. Have allowed for a cash float to fall back on. Current joint income is £24k a year…
Inflation / Deflation and Osbourne
It appears both deflation and inflation is good news. Indeed, whatever the number, it's good news. In march (when inflation hit zero) he said: In May when it went negative he said: And today? As inflation turns positive again? So it seems it's always good news for families budgets?
Osborn hasn't a clue
Say 77 highly qualified economists: http://www.theguardian.com/politics/2015/jun/12/osborne-plan-has-no-basis-in-economics This is from people who know what they're talking about generally. I mean sure, Osborn is the chancellor, but is he genuinely qualified? I mean, apart from folding towels in a hotel for 6 months one…
"Confirmation Bias" among generation who did well from house prices
The title is part of a much bigger article looking at whether politicians could ever put a pledge out to reduce house prices. It looks back a couple of decades and looks at how politicians pledged to do just that, however, today it would be political suicide. The piece regarding confirmation bias though struck me as it's…
Increase rents on family in house
A friend of mine who is a BTL landlord wants to increase his rent on a house a family live in. He doesn't really need the extra money just wants more profit. Anyway we were discussing it last night and he was almost foaming at the mouth at the thought of increasing the rent. We had to hold him back from going around late…
S&P changes UK outlook to "Negative" on EU referendum fears...
https://www.globalcreditportal.com/ratingsdirect/renderArticle.do?articleId=1403958&SctArtId=321408&from=CM&nsl_code=LIME&sourceObjectId=20008556&sourceRevId=204&fee_ind=N&exp_date=20250611-22:26:04
Housing Shortage - Rents soar to another new record high....
Average Rent in April now £774 per month, up 4.6% on last year. Average BTL rental yield now 5.1% and total return including capital growth 8.9% in the last year. Fastest growing area is the East of England at 12.5% YoY versus London at 7.8% YoY. Proportion of rent in any arrears, even just a few days, falls to 7% and…
House prices to rise 25% in next five years
According to RICS anyway. I really don't get the above quote. It suggests that if older people move around a bit more regularly, more houses will become available? How does this work? If they move from house A to B they still occupy a home. If they don't move, they still occupy a home. RICS go on to say that with demand…
average yields are closer to 3%, before interests go back up!
If average yields are closer to 3% now while interest rates are still at 300 year lows, then how can there be any profit in BTL when interest rates correct back to more normal levels? Now average yields are closer to 3%. In many cases they are lower. I was also amused to read this in the comments section of the Guardian…
RBS to be Sold at a £13bn loss
http://www.theguardian.com/business/2015/jun/10/george-osborne-signals-rbs-sell-off-at-mansion-house-speech I'm sure that a poster on here, in the face of much criticism, predicted that any sale would be at a colossal loss. If anyone could help me remember who that was I'd like to go back and congratulate them on their…
Eh? It must be.... Timberrrrrrrrrr
22% fall in 9 months? Must be worthy of a timber thread! Those in the know blamed the [STRIKE]snow, sun, drizzle, slight pickup in the breeze, leaves fallen from trees[/STRIKE], stamp duty regime introduced in December 14. Meanwhile, in the suburbs, prices continued to hit new highs. Presumably due to all those pushed out…
When will London burst ?
For you economics experts out there . How can house prices continue to rise whilst the service economy depends upon continued low wage employment ? And whilst key public sector workers aren't paid enough to buy or rent somewhere ? how does this work and where is it all going ?

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