So Is This The Moment?

[rantnrave]

Olympics ends, London property prices tank and HPC romps home...?

[Unsafe As Houses]

Olympics ends, London property prices tank and HPC romps home...?

Paraolimpics starting next Week

We're apparently all euphoric because 'Team GB' won lots of medals - will that 'feel good' factor encourage people to buy and sell houses at higher prices?

[Frank Hovis]

Hopefully, another 9 billion on tick should put some upward pressure on interest rates.

[Bob Loblaw]

No, absolutely not

[Bob Loblaw]

Yes, 100% nailed on

[nmarks]

Ironic that a thread labelled "So Is This The Moment?" should be double posted.

[Democorruptcy]

Should it be one thread about the 2012 London Olympics and one about the London 2017 World Athletics Championships?

http://www.guardian.co.uk/sport/2011/nov/11/london-2017-world-athletics-championships

[SleepyHead]

Hearing that all the male rowers were given free BMWs. On top of taxpayers funding these athletes, swimmers, showjumpy types and grown men that still ride their BMXs,..... etc.. etc

It's actually not that big a deal, everyone tells Bolt RUNNING very fast is not that impressive, Usain Bolt has been reminded.

Olympics BMX dilemma as final clashes with tea time 9-year-old Olympics BMX competitor is in turmoil after it emerged the final will take place when he had promised his mum he'd be home for tea.

......... might just cause the British public to think......

'hang on..... why am I paying for all these people to have a 'job' playing a stupid game, and having a better life than me?'

I think the Olympics will mark the peak of this humongous 'sport bubble'.

Edited August 11, 2012 by sleeping dog

[Gigantic Purple Slug]

Nah. The end of the Olympics will absolutely not lead to a HPC.

My bet is for a Japanese style lost decade.

The problem now is that any cataclysmic event that may lead to ir rises that will collapse the housing market will also lead to people being unable to take advantage of that particular event to buy houses.

In other words if house prices are creamed, our ability to buy them will be creamed too.

[Democorruptcy]

Nah. The end of the Olympics will absolutely not lead to a HPC.

My bet is for a Japanese style lost decade.

The problem now is that any cataclysmic event that may lead to ir rises that will collapse the housing market will also lead to people being unable to take advantage of that particular event to buy houses.

In other words if house prices are creamed, our ability to buy them will be creamed too.

You mean cash would become king?

[Gigantic Purple Slug]

You mean cash would become king?

No because if cash becomes king people with cash can still buy houses.

[frederico]

I don't think we will have a Japanese style lost decade

We may have a lost decade or two, but they will end with an almighty implosion, not a recovery.

This country has no where near the manufacturing and export capability of Japan, let alone the work ethic.

It's obvious they are doing everything to stop a crash, but we can't recover with out a change of culture and a reset.

[interestrateripoff]

I doubt it, the Euro implosion may be the trigger.

[Democorruptcy]

No because if cash becomes king people with cash can still buy houses.

I think you need to read what you posted earlier again.

[The Masked Tulip]

All depends on the Euro I guess - more people looking for a home for their cash in London and the UK?

I expect things to get worse but house prices will slowly drift down I guess. More likely to see a stock market correction than a house price one, but the market correction will be global.

[Rom]

I doubt it, the Euro implosion may be the trigger.

Just a few days ago we had this Moneyweek article suggesting that UK house prices are likely to drop if the Eurozone recovers -

http://www.moneyweek.com/investments/property/uk/eurozone-recovery-the-biggest-threat-to-uk-house-prices-23200

Isn't a Euro implosion likely to have the opposite effect with more assets from ex-Euro nations being invested in the London property safe-haven?

[winkie]

Just a few days ago we had this Moneyweek article suggesting that UK house prices are likely to drop if the Eurozone recovers -

http://www.moneyweek.com/investments/property/uk/eurozone-recovery-the-biggest-threat-to-uk-house-prices-23200

Isn't a Euro implosion likely to have the opposite effect with more assets from ex-Euro nations being invested in the London property safe-haven?

Why do you say London is a safe-haven? Interested in why this is a common belief held by some.

[zugzwang]

Just a few days ago we had this Moneyweek article suggesting that UK house prices are likely to drop if the Eurozone recovers -

http://www.moneyweek...se-prices-23200

Isn't a Euro implosion likely to have the opposite effect with more assets from ex-Euro nations being invested in the London property safe-haven?

+1

The eurocrisis has been a big economic plus for the UK over the last 12-18 months. Capital outflows measured in hundreds of billions have kept UK bond yields pinned to the floor,more than offsetting the slight loss of export volume to the eurozone periphery. Any resolution of the eurocrisis will have a commensurately negative impact. A Grexit would be the worst possible outcome.

[The Masked Tulip]

A Grexit would be the worst possible outcome.

In what way?

[frederico]

a euro implosion would mean cheap assets elsewhere and no jobs here.

[Gigantic Purple Slug]

Why do you say London is a safe-haven? Interested in why this is a common belief held by some.

Because it is (until of course at some point all of a sudden it isn't).

[winkie]

Because it is (until of course at some point all of a sudden it isn't).

...so you say it is, fair enough...but it is not the only place, two for the price of one.

[zugzwang]

Hearing that all the male rowers were given free BMWs. On top of taxpayers funding these athletes, swimmers, showjumpy types and grown men that still ride their BMXs,..... etc.. etc

......... might just cause the British public to think......

'hang on..... why am I paying for all these people to have a 'job' playing a stupid game, and having a better life than me?'

I think the Olympics will mark the peak of this humongous 'sport bubble'.

You've got a snowball's chance, I'm afraid. There's nothing our Westminster chums like more than the opportunity to court favour with the general public.

Putting aside the true cost of staging the games, which we're unlikely to be told for some time, UK Sport. has spent around £500m in the last 4 years - much of it focused on sports that looked likely to realise the greatest return i.e. where the international competition is weakest. Funding for the sports quango was guaranteed until the next spending review in 2014, but Cameron is already talking of the London Olympics in epochal terms. Spend spend spend on another bout of Olympic glory-seeking is all but guaranteed.

[zugzwang]

a euro implosion would mean cheap assets elsewhere and no jobs here.

Sterling would rise appreciably.

It would hammer the eurozone into the massive recession it has avoided thus far.

Double jeopardy for UK exports. Collateral damage to the UK financial system through its exposure to the ez.

[Rom]

Why do you say London is a safe-haven? Interested in why this is a common belief held by some.

It's a 'relative' safe haven. If I had money invested in a Greek bank then I would certainly be considering alternate options and current Sterling exchange rate still makes UK quite attractive.