Debate House Prices
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Act now to avoid another boom and bust property catastrophe - BOE
Graham_Devon
Posts: 58,560 Forumite
Bit of a bubble spoiler alert.
This one is more about commercial property, but covers BTL investing too.
It appears the BOE are gearing themselves to warn the market not to get carried away, once again, with a boom......(probably under the illusion of "it's different this time" - my thoughts)
This one is more about commercial property, but covers BTL investing too.
It appears the BOE are gearing themselves to warn the market not to get carried away, once again, with a boom......(probably under the illusion of "it's different this time" - my thoughts)
http://www.telegraph.co.uk/finance/bank-of-england/11941452/Act-now-to-dodge-another-boom-and-bust-property-catastrophe-Bank-of-England-warns.htmlMr Brazier urged the industry to take action now so that “we’re not doomed to repeat the past”, and instead can build resilience ahead of any future downturn.
“The time to start it is when people most feel like celebrating: when your market is on the up. We have to start now,” he said.
“So in a matter of months, the Bank of England will start reporting market-wide indicators of valuations and gearing based on cashflows capitalised at cycle-neutral rates. It will help you to measure the risks. And risk that gets measured can get managed, by you and by us.”
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Comments
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I'm selling my commercial premises, hoping to benefit from resurgent interest on the back of investors being deterred by the resi B2L tax rules coming in.0
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You have to have a huge pair to invest in commerical property, those who have made a fortune from it just haven't got unlucky yet.I think....0
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Erm, Mr Brazier... it's the BoE that is causing the current bubble thanks to QE and enforcing emergency ZIRP.0
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Some would say the lesser of two evils.0
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Some would say the lesser of two evils.
Yes its is a very tough call, whether to believe Carney or Crashy, they both give such convincing arguments.Chuck Norris can kill two stones with one birdThe only time Chuck Norris was wrong was when he thought he had made a mistakeChuck Norris puts the "laughter" in "manslaughter".I've started running again, after several injuries had forced me to stop0
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