Flood of dirty Russian cash is not a real bull market - it's a corrupt bubble built on naivety

The Telegraph: Jim Mellon: This stat tells you why London house prices are falling

"There are 41,000 new units being built in London over £1m. Last year only 3,000 homes were sold for more than a million pounds in London. It's way over-built, way over-leveraged and way over-priced. [...] The rest of the country seems reasonably revalued - the big caveat of course is what happens if interest rates rise?"

Posted by sneaker @ 10:16 AM 5 Comments

Friday, Mar 27, 2015

House prices measured in gold and silver

Moneyweek: Compared to gold, UK property is starting to look expensive

At current prices, it takes 232 ounces of gold to buy the average UK house – up by 60% in the last three years. Which of the two assets will fare better now?

Posted by frizzers @ 12:34 PM 2 Comments

Start i f something bigger?

Telegraph: Houseprice falls in central london spread

Prices starting to fall despite just about everything thrown at it...there is nothing left bar Hmg paying people's mortgages!..seems just like japan where prices fell despite everything Done to prop things up....the reason?....it's a bubble that's bursting as all bubbles do.

Posted by taffee @ 06:46 AM 11 Comments

Wednesday, Mar 25, 2015

Could deflation wreak havoc in the housing market?

Telegraph: Could deflation wreak havoc in the housing market?

If deflation goes on for a fraction too long it could unravel UK house prices...

Posted by cornishman @ 12:38 PM 19 Comments

Tuesday, Mar 24, 2015

If it's your pension, why is spending it out of the question?

Moneyweek: Getting lucky in the property market is not ‘providing for a long retirement’

Art critic Brian Sewell writes about this fear of a mansion tax. His house is his pension! Well in that case the mansion tax is no threat because a pension is an income and to turn a house into that you sell it. Tw#t

Posted by mombers @ 01:16 PM 1 Comments

Friday, Mar 20, 2015

Pure rent seeking...

Torygraph: Mapped: Where England’s best schools are pushing up house prices

I'm in the wrong game, working for a living instead of collecting an entrance fee for a school that I don't own

Posted by mombers @ 05:01 PM 0 Comments

Renting your way to poverty: welcome to the future of housing

The Telegraph: Renting your way to poverty: welcome to the future of housing

The housing crisis is already out of control, and no one in politics wants to help

Posted by becky @ 01:37 PM 3 Comments

A Dubious Policy

Telegraph: Help-to-buy ISA could distort housing market

"The Treasury estimated that around 285,000 first-time buyers will use the scheme every year." Yet February saw barely 19,000 FTBs, and prices are dropping. These ever-more-convoluted Treasury tweaks are just a sign of the growing govt desperation, as they know just how bad the market really is. When the government has to resort to giving people free money to get 'on the ladder', you know the top is in.

Posted by debtserf @ 11:02 AM 6 Comments

More Government-subsidised Ponzinomics

Guardian: Britain’s obsession with ownership has turned housing into a pyramid scheme

But what if all we’re really doing – by accepting crazed property prices as the norm, to be alleviated only by the fiscal equivalent of chucking tenners into a crowd – is sucking first-time buyers into a sort of national Ponzi scheme? What if we’re luring them in at what would otherwise have been the peak, just to keep the boom rolling a little bit longer, and leaving them horribly exposed to negative equity if another crash comes?

Posted by debtserf @ 08:34 AM 10 Comments

Wednesday, Mar 18, 2015

Property bubble finally bursting?

Home.co.uk: Central london property bubble burst

Boom Began in london so will the crash?....foxtons also laying off workers...this one will be a big one I'm with little the government can do

Posted by taffee @ 12:01 PM 10 Comments

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