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Coronavirus - potential Black Swan?
lie to bet replied to LetsBuild's topic in House prices and the economy
https://www.gov.uk/government/speeches/pm-statement-in-downing-street-27-april-2020 "because that would mean not only a new wave of death and disease but also an economic disaster" https://www.bbc.co.uk/news/uk-51768274 It's difficult to say Boris Johnson is wrong on this prediction. At the time I was surprised he said it since it seemed obvious that there would be a second wave. Look at the history of pandemics. The second wave usually dwarfs the first wave. There are now more deaths in this second wave than the first. However, there a -
Are they just taking the piss now.
lie to bet replied to FANG's topic in House prices and the economy
Who would employ them? I say double their salary and halve the number of MPs. I do like the idea of randomly selecting our MPs. It couldn't be any more of a farce Perhaps they could be forced to remain anonymous during their term so that at the end of 5 years they go away. I still have to listen to Tony Blair preaching to me every couple of months about his latest area of expertise. -
Halifax House Price Index July 2020
lie to bet replied to rantnrave's topic in House prices and the economy
Thanks, I think you are correct. -
Halifax House Price Index July 2020
lie to bet replied to rantnrave's topic in House prices and the economy
How long does it take to complete on a house purchase? https://www.google.com/url?sa=t&source=web&rct=j&url=https://thepersonalagent.co.uk/how-long-does-it-take-to-buy-a-house-uk/&ved=2ahUKEwj5nKj_govrAhUTrHEKHRMUBOEQFjAFegQIDRAV&usg=AOvVaw0jxqE6MGvhUBAfPxixUOhJ I would say 3 to 4 months for most people.from offer to completion. That means these purchases that are in the Halifax data were for offers made in April and May. Not peak viewing season. I suspect the whole process was lengthened by the lockdown. Are these most likely to be offers made pre -
Halifax House Price Index July 2020
lie to bet replied to rantnrave's topic in House prices and the economy
"Now more than ever the housing industry should be looked upon as the foundation upon which to keep the UK working." https://www.bbc.co.uk/news/business-53693149 -
Surveyors predict house price falls on the way
lie to bet replied to rantnrave's topic in House prices and the economy
I have to admit that I have never understood any explanation of the method of QE. But I thought it was generally accepted that one of the effects is to push up asset prices, including house prices. In 2009 the BOE stated that QE was a temporary measure and that the QE would be in unwound. I don't think they pretend it is temporary any more. I don't trust QE but maybe that is because I need to learn more about it. I would be interested to know why you think QE has no effect on house prices. -
Surveyors predict house price falls on the way
lie to bet replied to rantnrave's topic in House prices and the economy
It is impossible to know what will happen to house prices. How about 'buy one under 500k and we'll go halves' Sounds crazy now, but who knows what the QE man will be up to in 12 months time. -
How much would it cost to renovate this house?
lie to bet replied to Si1's topic in House prices and the economy
Money laundering. You can't go wrong when the costs are verified by the team. -
'world beating'
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Gold strategy in the current economy
lie to bet replied to Lepista's topic in House prices and the economy
Sorry, I've got to get back to Lucerne ASAP. -
Breaking: UK economy shrinks record 20.4% in April
lie to bet replied to Warlord's topic in House prices and the economy
thanks its only taken me 18 months to catch up. -
https://www.arcouk.org/sites/default/files/Too little too late__FINAL - June 2020.pdf ' if nothing is done – is a housing market heading for 20 million ‘surplus’ bedrooms by 2040, nearly two thirds of them in homes occupied by the over-65s.. ' '“If people lived in homes more suited to their needs, 50,000 fewer homes would need to be built each year.” 'Far too few dwellings are being built that cater for older people. Retirement housing has only accounted for about 125,000, or 2%, of all new homes built since 2000, but each year around 700,000 people turn 65
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Breaking: UK economy shrinks record 20.4% in April
lie to bet replied to Warlord's topic in House prices and the economy
A lot of it doesn't even exist and is just made up.