Panorama tonight: The Great House Price Bubble?

sheffield_lad

No one seemed to counter the argument that if interest rates go up we are all doomed. I have not seen a thread here but the margin on a 5% I base rate is not going to be +2%. Or are we saying margins will always be this high?

Thrugelmir

sheffield_lad wrote: »

No one seemed to counter the argument that if interest rates go up we are all doomed. I have not seen a thread here but the margin on a 5% I base rate is not going to be +2%. Or are we saying margins will always be this high?

Lending margins are low and need to be widened.

The threat could equally come from either deflation or a progressive squeeze on take home pay. Both of which make debt a burden. No longer to be inflated away effortlessly.

CLAPTON

sheffield_lad wrote: »

No one seemed to counter the argument that if interest rates go up we are all doomed. I have not seen a thread here but the margin on a 5% I base rate is not going to be +2%. Or are we saying margins will always be this high?

why will base rates rise?

base rates rise to damp down 'home grown' inflation : basically that's wage inflation

so are there real signs of wage inflation?

if it does happen then people will have higher wages to pay higher interest rate

if it doesn't happen then no real reason to raise interest rates

John_Pierpoint

ILW wrote: »

How do the French manage to build 3 or 4 times as many houses pa as the British?
They don't seem to be concreting over all their farmland and villages.

http://www.france24.com/en/20101220-french-cities-rather-pay-fine-invest-social-housing-municipal-urban-planning-fondation-abbe-pierre-homeless


http://www.lefigaro.fr/medias/2012/10/30/4d7be858-2268-11e2-826e-73de0c1f3692-800x532.jpg
Out in the countryside, even though commuter tickets are tax allowable, the urban footprint does not reach out into every village. The French are more interested in cars, food & drink, than wasting their time on massive commutes and intricate restoration of listed buildings.A nice modern flat with an underground parking space scores over a "semi" every time.
So out in the country, as in Ireland, the countryside is dotted with little modern rendered boxes, built by the most subsidised agriculture sector in the EU.



Meanwhile, I am finding it difficult to believe that France has more migrants than the UK, but perhaps it is because the they have been shut up in out of town high rise ghettos?
On the 1960s our governments proudly boasted that they were building 500,000
new homes a year - pity we have had to dynamite many of them as uninhabitable - black mould everywhere and metal and electrical installations rotted by urine in the corridors & lifts.

http://www.youtube.com/watch?v=pWoHyBRZAA0
http://www.youtube.com/watch?v=pBlPiE_DQ54
.

ILW wrote: »

Compared to heating it, [the water charge] is a tiny proportion.

Check it out, I tried the experiment of measuring my washing machine by diverting the pipe into a dustbin and turning off everything else electrical. The dustbin of water cost about 20% of the costs of the wash load - and that is without paying the extra 50% of the fresh water cost in sewerage charges (I have a septic tank)..

My lovely fresh water is tested by the people of Chelmsford and then fed along a pipe directly from their sewage works into "my" reservoir at the profit of some French company. [A good match for the Hong Kong company that pipes in the electricity].

I could take you to a farmhouse 150 miles and over 3 hours by road from London. 30 years ago it was a nearly falling down and the somewhat squalid home of a farmer of 135 acres. It is still "a farm" - yes it will be claiming the subsidy, and it has a few sheep to keep the grass down. From a distance it still looks the same but I would bet that inside it is considerable tastefully renovated. It has been bought by a banker who paid 1.9 million for the house and about 40 acres.
The farmer's son has got away with building a bungalow in the corner of a 5 acre field.- all that is left of the original business.

Road_Hog

Thrugelmir wrote: »

The UK is increasingly a low wage economy. As many lack skills of value.

And it will continue to be. The elites have decided that they do not want people doing better for themselves. We are going back to feudal times.

Massive immigration and dumbing down have pushed wage deflation on most of the country. It is a deliberate policy. The mere idea of tax credits is an anathema, if companies won't pay a living wage, then they should go out of business, why should the taxpayer subsidise wages.

And then of course we have all the large corporations avoiding paying any tax, because they don't make profits in this country.

People who shout conspiracy theory, look away now.

For the others, watch the first two minutes of this video and listen to what a Hollywood film director says that the elites have planned for us.

http://www.youtube.com/watch?v=FuinaIm-kd4

And this is how they're going to sell it to you.

http://endoftheamericandream.com/archives/a-chip-in-the-head-brain-implants-will-be-connecting-people-to-the-internet-by-the-year-2020

IveSeenTheLight

Graham_Devon wrote: »

I don't think it was one sided. The issues are the issues. The opinions are the opinions.

I thought it was one sided, predominantly focusing on those that could not afford as opposed to providing a balanced report with those who have been able to buy.

Interestingly for me, there was a focus on a single father (sounds like he was separated) who spent more than 50% of his income on rent, before council tax and energy bills were taken into account.

Who was the rogue landlord, charging such extortionate proportion of this persons income? Not a BTL LL, but the council. Then there is council tax on top of this.

How can such rogue landlords profiteer from people in poverty?

Why isn't council rents lower to allow people to save for a home of their own / spend more in the economy?

Was the housing minister put to task on this? No

Was the housing minister asked about the quantity of council housing? No

grizzly1911

IveSeenTheLight wrote: »

I thought it was one sided, predominantly focusing on those that could not afford as opposed to providing a balanced report with those who have been able to buy.

Interestingly for me, there was a focus on a single father (sounds like he was separated) who spent more than 50% of his income on rent, before council tax and energy bills were taken into account.

Who was the rogue landlord, charging such extortionate proportion of this persons income? Not a BTL LL, but the council. Then there is council tax on top of this.

How can such rogue landlords profiteer from people in poverty?

Why isn't council rents lower to allow people to save for a home of their own / spend more in the economy?

Was the housing minister put to task on this? No

Was the housing minister asked about the quantity of council housing? No

I didn't see the programme.

From comments on here many seem concerned that council rents are heavily subsidised? Perhaps overall they are?

posh*spice

IveSeenTheLight wrote: »

HOW TO SAVE MONEY ON BATHS


- Get someone to hop in after you or even bathe with your partner - you might need a larger bath though if your husband is 6ft 2 like Mr Thrifty.

Just Gross

- Leave the water in the bath after you get out. The warmth will heat your house for a little while.

Err what about all that humidity??? This is likely to cause more problems than it solves

ukcarper

grizzly1911 wrote: »

I didn't see the programme.

From comments on here many seem concerned that council rents are heavily subsidised? Perhaps overall they are?

I don't think subsidised is the right word but it would be interesting to know how council/social housing rents compare to market rents. The person on program was paying £450 but we don't know where property was, how big it was and if he was getting any HB.

IveSeenTheLight

grizzly1911 wrote: »

I didn't see the programme.

From comments on here many seem concerned that council rents are heavily subsidised? Perhaps overall they are?

So is the choice to take a council housing tenant who pay's more than 50% of his take home pay on council rent reflective and balanced in the market.

Or is it that it is the extreme and therefore not an accurate reflection of the the average renter.

The point I am making is that their choice of people on the documentary clearly shows that the angle being presented was not balanced.