Politicians are schooled bvy the housing market into induced ignorance by a culture of greed

Geophilos: Induced Ignorance

When Housing Bubble whistle-blower Edward Dodson warned that a financial crisis was emerging, he was told that “the Housing market” controlled America’s destiny. In fact, argues Fred Harrison, governments are to blame, because they fail to learn from past mistakes. Politicians are schooled into ignorance by a culture of greed.

Posted by pete green @ 12:05 AM 0 Comments

Tuesday, Sep 2, 2014

Oligarch states the bleeding obvious

The Times: London is ‘money laundering capital’

Why else would house-prices be comparable only with those in tax-havens - Monaco, Hong Kong, Geneva, etc.? Forget all the emotional arguments about how London is a cultural hub or whatever. It's *all* about tax and the path-of-least-resistance to make dodgy money appear clean. What better way to appeal to the ego and desire for status of someone from an iffy part of the world than to tell them "Route your cash through the UK's tax havens such as BVI, Cayman, Channel Islands - and then you can buy a house near Buckingham Palace and everyone will think you are terribly clever and important." The extraordinary thing is that over the last 10+ years, nobody has joined the dots between oligarchs parading around London and the notion that something dodgy must be driving it. No longer?

Posted by sneaker @ 10:26 AM 4 Comments

Monday, Sep 1, 2014

Build a prison for cheap houses

The Leader: Homeowners queueing up to leave near site of Wrexham 'super prison'

PEOPLE are queuing up to move out of an estate near the site of a planned 2,100 inmate prison, according to a resident.

Posted by mark @ 11:57 AM 3 Comments

Money Week analysis on ll the different house price surveys

Money Week: London's property market is looking wobbly - is it about to topple?

Matthew Partridge looks at how much longer London's house-price bubble has to go before it pops.

Posted by andrew.williams @ 10:21 AM 4 Comments

Sunday, Aug 31, 2014

Reward Landlords for Improvements For Lending?

BBC: Rogue landlords: What is it like to live in a substandard home?

For the cynical, this looks like this could be a new balloon being launched..for subsidising BTL brigade, reward landlords for improving rental accommodation? Win-win...improved living environment for renters (should be good and liveable to start with by the way, and enforced already), free upgrades for the owner, rogue or otherwise? Printed money or Increased taxes to pay for it. Bubble maintained?

Posted by weta @ 02:00 PM 0 Comments

Saturday, Aug 30, 2014

London house prices rose 3.28% in July!!

The Guardian: Britain’s property boom roars back to life, powered by London

I had to do the calculation myself. The Guardian and others WILL NOT print the exorbitant amount houses have risen in July. Annualised, this would be a 39% increase. Recent shocking immigration numbers could be behind the rise, as Europeans flee Draghi's promised Euro devaluation and seek relative economic growth and lower taxes in the UK.

Posted by libertas @ 08:28 PM 29 Comments

Some sensible ideas - hence they won't happen

FT: Six ways to cool the housing market

"The IMF said the UK house price to income ratio was 30 per cent above its long-term average; only in France, New Zealand, Australia, Canada and Belgium was the discrepancy higher. Relative to rents, the margin was even wider at 40 per cent. " This quote from the article questions the common belief that this country has a housing shortage.

Posted by letthemfall @ 11:16 AM 1 Comments

Has London's housing market just popped?

Wealth Manager: Has London's housing market just popped?

Will the London house price boom end in a bang or a whimper? Evidence was leaning toward the former this month as a series of indicators appeared to begin to describe the second leg of a parabola.

Posted by sample @ 11:05 AM 0 Comments

Friday, Aug 29, 2014

No way there will be a crash just before an election

Mindful Money: Shaun Richards: If UK house prices are peaking then what happens next?

... I note that we have passed the pre credit crunch peak for house prices at least according to the Nationwide. But real wages are of the order of 10% lower than they were then and nominal wages are only 8% higher than they were six years ago. If we project that rate of wage growth going forwards then we have a problem for future house prices do we not? Yet we know that UK governments are extraordinarily resistant to letting them fall for any sustained period. So what rabbit will the authorities pull out of their hat next?

Posted by quiet guy @ 11:35 PM 7 Comments

BTL mortgage affordability - how rental cover affects what you can borrow

Landlord Zone: BTL mortgage affordability - how rental cover affects what you can borrow

How mortgage lenders use rental income to assess buy to let affordability. It isn't quite as simple as one would expect!

Posted by amelia @ 04:05 PM 0 Comments

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