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"Generation Rent" now on the Wacky Backy
Who would live in a House like this? Campaigners' plan to turn Parliament into 364 flats and move MPs to Hull would save £120million over five years Campaign group proposed to move Parliament to Hull and convert building Palace of Westminster would be transformed into 364 affordable flats One-bedroom flat in iconic…
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EU could have QE by next month
Nearly 6 years after the crisis, the EU looks set to start monetry easing. Stong words. But is there any chance they will be followed by any action? Where are Germany on this? http://www.telegraph.co.uk/finance/economics/10816626/Draghi-raises-prospect-of-ECB-simulus-next-month.html
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Deflationary debt crisis
Although I don't think its imminent by any stretch of the imagination, the world is far to indebted, we are rates at rock bottom pretty much across the world... and other countries lowering rates... deflation trends growing... All of which increases the real value of debt... how would a deflationary debt crisis actually…
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Happy 6th Birthday 0.5% BoE interest rate
http://www.bbc.co.uk/news/business-31747859
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The UK doesn’t have a housing shortage
Do we have a housing supply problem in the UK? Your automatic answer to the question will probably be ‘yes’. After all, if we didn’t have a shortage of houses, house prices wouldn’t be as high as they are. But look closely at the numbers in the latest English Housing Survey and you will see that it isn’t really so. (This…
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London property boom built on dirty money
http://www.independent.co.uk/news/uk/home-news/london-property-boom-built-on-dirty-money-10083527.html# Also in the FT http://www.ft.com/cms/s/0/efa93784-c1b2-11e4-bd24-00144feab7de.html?siteedition=intl#axzz3TOx78Foe
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BBC on Oil - are low prices here to stay
The bbc seems to think so http://www.bbc.co.uk/news/business-30814122
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Nationwide -0.1% mom
Getting in quick with.....timber!
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First-time buyers in England offered 20% discount on new homes
First-time buyers under the age of 40 in England can now register to buy new homes at a discount of up to 20% off the normal price. http://www.bbc.com/news/business-31668135
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The 21st Century: Simply Better
Another in an occasional series of posts. Life expectancy at birth wasn't 40 years in any country in 1800. Now even the poorest country in the world has a life expectancy at birth of more than 40.
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More Chinese pressure on UK house prices
I haven't posted a new thread on China for a while. The question.... is this the start of the Chinense bubble unraveling and my predicted global crash? Also, more evidence that leaving the UK residential house market exposed on the global commodity market is negligence and misconduct by our government.…
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Number of mortgage-free homeowners now outstrips those with property loan
That's pretty amazing. http://www.cityam.com/210261/uk-property-market-number-mortgage-free-homeowners-now-outstrips-those-property-loan Another nail in the coffin of the crashtroll vultures of this world, who pray for a crash that would push countless hardworking families into negative equity and destitution so they could…
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It Takes Two to Contango
As anyone that owns a car will know, the oil price has fallen significantly in the past few months, however nobody seems to have told futures traders that. A future is a kind of derivatives contract where you agree to buy a certain amount of a thing at an agreed price at an agreed future date. A market is said to be in…
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devaluing and negative rates
China has lowered its interest rates again… this seems to be the response for most countries. The lack of demand problems can be overcome by becoming more competitive via a devalued currency and exporting their way out of trouble. This spells afew key things to me: * With a floating exchange rate mechanism, with the United…
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The next few decades and the end of work (v2)
Hi, I posted something similar on the Motley Fools forums and the conversation that followed didn't go entirely the way I hoped. Then I accidentally posted this in the DFW forum...oops. Hopefully this is the right place. I have had this idea for a while, from articles and books I have read as well as my personal…
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Coalition post biggest budget surplus in 7 years !!
http://www.telegraph.co.uk/finance/economics/11424459/Britain-records-biggest-borrowing-surplus-in-seven-years-in-January.html Well done, Coalition !!! :T
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Time takes to sell stats
Anyone know any good sources showing a graph of the history of how long it takes to sell properties in the UK? Google didn't seem to be able to give me the answer to this so I have done what I always do when Google doesn't have the answer ... ask MSE...
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Mortgage advice for my self employed daughter
My daughter and her partner are both self employed. She earns £35k tax free ( she runs a a care home for people with learning difficulties which is tax immune), her partner earns £20k. Because she doesn't need to keep accounts she is finding it impossible to obtain a mortgage although she has a good credit rating, has had…
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What is Baltic saying about global slowdown?
Unusual for Peston to take so long to play catch up? Some of us have been taking note of this for quite a while! http://www.bbc.co.uk/news/business-31428422
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The Worst Contract Ever Signed
A company which is now part of Aviva allowed some of their clients to trade on historical prices, that is to let them buy an asset that is worth a quid today for yesterday's price of 95p! Once a week, policy holders get to choose which asset they are going to buy into at yesterday's price, locking in a profit:…
