Could Property-Price Pumping become illegal?

BBC News: 'Pyramid scheme' operation sees six women convicted

What these women did was clearly wrong: they were using misleading promises and an unsustainable financial model to make thousands of pounds. Victims lost money (although many victims were looking to get rich quick, so sympathy might be limited). Of course, this is a world away from the property market, where banks and mortgage companies use misleading promises and an unsustainable financial model to make billions. Unlike a real ponzi scheme, the property boom depends on ever-increasing amounts of money, invested to make gains, and sustainable as long as ever-increasing amounts of money keep coming in. Oh, hang on a minute.... But seriously, is there a way the new anti-ponzi/pyramid scheme laws could be brought against part of the property cabal?

Posted by smiley @ 04:52 PM 0 Comments

Scottish Independence Referendum - Possible Effects on Commercial Property

Fisher Jones Greenwood: Scottish Independence Referendum - Possible Effects on Commercial Property

As Scotland prepares to go to the polls on September 18, ex-president of the British Property Federation David Hunter has warned that a Yes vote could have a ‘drastic, negative impact’ on commercial property values in Scotland.

Posted by mattfjg @ 02:01 PM 0 Comments

MoneyWeek article on current slow-down

MoneyWeek: House prices: pausing for breath or the start of something big?

Is Britain's summer house-price slowdown just a pause before the next leg higher, or is it the start of something more ominous?

Posted by andrew.williams @ 11:03 AM 2 Comments

Wednesday, Sep 17, 2014

Does this tell us that the Euro ix doomed?

Zero Hedge: Germany Issues 2Y Note At Record Low Yield Of -0.07%

As noted previously, BOE cannot raise rates whilst German rates are raging towards negative. Do these bond rates suggest that the Eurozone is collapsing? Investors betting on German Exit? If the Euro does collapse and Scotland votes No, where does Ireland turn for support? Britain paid £7bn towards the last Irish bailout, ECB will be too busy this time around, if it still exists. I feel that 18th September, if Scotland votes no, will be the low water mark for the UK. With even most N.Irish Catholics pro Union now, we could well see EIRE return to the fold, under a very new form of Union, a Federal United Kingdom, where Westminster acts much in the way of Washington, managing currency, defence, international treaties and various other services if and when the States need or request it.

Posted by libertas @ 05:40 PM 12 Comments

Tuesday, Sep 16, 2014

UK inflation rate down to 1.5%

BBC: UK inflation rate down to 1.5% as food and petrol costs fall

"It means the Bank of England remains under little pressure to raise interest rates in order to keep CPI inflation at or below its target rate of 2%."

Posted by doomwatch @ 12:28 PM 10 Comments

World depression deepens, but cheap cash continues to flood into UK housing

BBC News: Six regions hit new house price peak, says ONS

Six regions of the UK now have average house prices higher than their pre-financial crisis peak after values rose again in July, figures show. The East Midlands, West Midlands and South West of England have joined London, the East of England and the South East of England in rising above the peak of late 2007 and early 2008. The Office for National Statistics (ONS) said UK property prices were up 11.7% in the year to the end of July.

Posted by hpwatcher @ 11:57 AM 13 Comments

BBC's latest answer to a UK housing shortgage

BBC: Download, print, build your Martian home in 24 hours

"Imagine opening the curtains in the morning and instead of grey skies and rain, looking out at a rust-coloured rocky panorama" The year is 2045. You have woken up on Mars. Colonising Mars could happen sooner than you think. Elon Musk plans to build a city there. Nasa wants to send people by 2035. Then there's the Mars One mission, Big Brother for the slightly suicidal.

Posted by jack c @ 11:42 AM 0 Comments

Monday, Sep 15, 2014

Permanent asset & currency devaluation relative to rUK will occur

Scotland Herald Tribune: This Scottish paper suggests the falls are short term. Reality is that Scotland needs permanent deva

This Scottish paper suggests the falls are short term. Reality is that Scotland needs permanent devaluation in all assets and currency if it is to go it alone, just as should have been the case in Greece. "Yes vote could see a sharp fall in the average house price in Scotland in the "short-term", property pricing website Zoopla has suggested. Scottish independence could lead to another UK housing market crash that wipes £31,000 off the average house price in Scotland, causing as big a crash as the 17.5% fall seen during 2008, leading property website Zoopla has warned."

Posted by libertas @ 10:30 PM 3 Comments

Zoopla predicts repeat of 2008 17.5% crash if Scots go solo

Huffington Post: Scottish Independence "Could cause house price crash"

Scottish independence could lead to another UK housing market crash that wipes £31,000 off the average house price in Scotland, causing as big a crash as the 17.5% fall seen during 2008, leading property website Zoopla has warned. Having mortgages issued in a foreign country, potentially in a foreign currency, with huge currency risks, could combine with reduced competition and higher costs combined with the lack of Bank of England lender of last resort facilities to create a perfect storm. Clearly, a housing and construction slowdown could cause havoc with tax receipts, damaging Salmond's ability to fund his promises.

Posted by libertas @ 10:23 PM 3 Comments

Yes could be bad for Scottish house prices

MoneyWeek: Independence could be ‘catastrophic’ for Scotland’s house prices

A Yes vote could be very bad for house prices in Scotland, says MoneyWeek's Merryn Somerset Webb.

Posted by andrew.williams @ 01:43 PM 5 Comments

Main Blog | Archive | Add Article | Blog Policies