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Everything posted by camem'

  1. Splendid, glad we sorted that one out. Home for tea and medals it is. "This presents a particular problem, given the impact of demographic changes on projections for household growth. According to the central scenario of the HFFL- based projections, there will be an average of HKH,GFF new households looking to form per year in the period leading up to HFIG. This is not merely a result of population growth – a main factor is the continued reduction in average household size, which is projected fall from H.IH to H.GI persons over that time." homes and communities government thing
  2. Is that IT ? We vote a new government in and they change 3 lines out of 1590 ? some questions for the helpful public sectors types out there : a. how can you implement the same policy with 20% less staff ? b. why isn't it (much more) different to the last government's policy c. what with moving control to local councils, am I right in thinking oh shit, they're never going to build any houses are they I only hope this is a late release that was due to get out before the last election, and they thought they would release it anyway while they have a good old think about what they actually want to change ? Is that likely ?
  3. What's all this about then ? (For those who don't want to click, these are the same document, I haven't found a difference yet) Conservative/Libdem housing policy published June 2010 Labour Housing policy published Nov 2006
  4. & the masters in 'how to spread bet against goldman sachs'
  5. What's this university course in then, juggling champagne while grouse hunting, with third year abroad investing in property and call girls ??
  6. http://www.shapps.com/reports/Home-Truths-final.pdf Wonder if he'll stand by this one ?
  7. so far, have gleaned that his website is not one of his strengths, however it appears he has said things like " a future Conservative government would foster a 'Nation of Homebuilders'" (he's a conservative) "nearly all of the HomeBuy programmes have ended in miserable failure." "as Derek, Ellen and 1.8 million other families on the all-time-record housing waiting list will tell you – it's easy for a housing minister to catch your eye with a headline, but much harder to deliver more homes." Shapp article in guardian July 2009 anyone got any more ?
  8. NEW YORK (MarketWatch) -- U.S. stocks caved on Tuesday after Standard & Poor's cut its rating on Greece. "If followed by Moody's, Greek bonds will no longer be able to be used as collateral in borrowing from the European Central Bank," said Peter Boockvar, equity strategist at Miller Tabak. http://www.marketwatch.com/story/us-stocks-hit-hard-by-sp-downgrade-of-greece-2010-04-27
  9. There are 11m mortgages in the UK according to the CML. 200,000 of these are now being paid for by the taxpayer. That's coming up to 1 in 50 mortgages. Isn't that quite a lot ? Have I read the article right - might be that 200,000 are "covered" but only 50 have managed to actually fill out the paperwork ? Do they publish the real stats somewhere ? Are any of the parties proposing to cut this assistance scheme meaning 200,000 houses come on to the market at once ? Interestingly to save costs (as it probably does) they also assume that every mortgage is at 6% and pay you 6% of your outstanding mortgage, even if your rates are down at 2-3%. Of course repossessed people cost the state a lot and governments know it, so maybe this is the lesser evil ? Just a bit galling though to directly use the tax take to make a house purchase more expensive for everyone... Times
  10. sure, it's a nice area, but really, one million pounds ? (and ok, it's technically a semi detached, but you know what I mean) http://www.rightmove.co.uk/property-for-sale/property-29105048.html highest ever sold price in this street - £860,000 (Dec 2007)
  11. Here's what them bankers think (well, some interbank brokers anyway) about the future of HPI/HPC. They're not always right - they bet on houses falling 20% from Feb last year to now (and at the same time said they would still be down 10 years later!), but now they reckon they'll be 1% higher in two years time... they're also prepared to put a stake in the ground for 20 years time ------------------------------------------------------------------ Average UK house prices, as measured by the non-seasonally adjusted Halifax House price index, now stand at 165,514 pounds in January from a peak of 201,081 pounds in August 2007. Below are expected annualised percentage changes in UK house prices based on non-seasonally adjusted Halifax House Price Index derivatives. The market provides investors with an opportunity to adjust or hedge exposure to the UK housing market synthetically -- in a cheaper and more efficient way than buying or selling bricks and mortar. The table is based on indicative HPI swaps mid-price data provided by interbank brokers Tradition Property, CB Richard Ellis-GFI and Tullett Prebon and is made up of simple averages. Date 1YR 2YR 5YR 10YR 20YR 09/2/10 1.5 1.08 2.03 2.2 3.5 09/11/09 5.5 2.83 2.37 2.47 3.63 22/09/09 1.3 1 1.7 2.1 3.5 10/08/09 -1 0.3 1.8 2.1 3.43 30/06/09 -7.5 -5.5 -1.37 0.9 2.63 18/05/09 -11.5 -9.3 -2.7 0.4 2.3 2/04/09 -18.7 -13.5 -4.3 -0.4 1.9 17/02/09 -20.3 -14.2 -5.1 -0.05 2 06/01/09 -19.7 -14.7 -5.5 0.15 2 11/09/08 -16.2 -11.2 -3.1 1.1 3 11/08/08 -15.5 -9.8 -3.0 1.0 2.9 11/07/08 -15.8 -10.5 -3.2 0.8 3.0 06/06/08 -13.2 -9.8 -3.0 0.1 2.2 06/05/08 -13.8 -9.1 -3.1 0.3 2.3 04/04/08 -8.3 -5.8 -2.0 0.5 2.4 14/02/08 -8.2 -5.7 -1.8 0.5 2.3 08/01/08 -9.0 -4.9 -1.7 0.4 2.6 18/12/07 -9.0 -4.8 -1.7 0.4 2.7 5/12/07 -9.7 -5.1 -1.4 0.5 2.7 29/11/07 -7.0 -3.8 -1.2 0.6 2.7 06/11/07 -2.5 -1.3 -0.9 0.8 2.8 20/9/07 -2.5 -1.0 0.2 1.2 2.5 1/9/07 -1.0 0.0 0.8 1.3 2.6 1/8/07 2.3 2.0 1.6 1.7 2.8 1/1/07 4.3 2.7 2.7 2.5 2.7
  12. Since it seems to be in vogue to have odd shaped recessions I would like to reserve the following : the 'e' shaped recession- just when you thought you were doing OK, you realise that you've been screwed about for ages the 'o' shaped recession - the one that just goes on and on without house prices ever really coming down the 'k' shaped recession - in which despite all the turmoil the inequalities in society just get worse the 'x' shaped recession - followed by revolution the 'l' shaped recession - for the 'teens and buns' brigade the 'g' shaped recession - everything goes so catastrophically wrong that the laws of physics are broken, and everyone's still screwed about for ages extreme plus points to anyone who can find (or seed) one of these in the national print media
  13. house prices still a bit high though, must be the expansive views
  14. Turns out I'm Sir Christopher Kelly, that's got to be worth £5. Well done the expenses review
  15. Where's this 'settings' button then ? I can't find it... have looked at HPC on and off for 5 years, what a shame I can't do it on my mobile any more (Nokia N78, first click within new site crashes browser)
  16. Or the recession version : A logger sells his truck under a scrappage scheme.
  17. 700,000 for an uninsulated terraced house with no garage anyone ? No really : Rightmove 700,000 Bought for 350,000 two years ago. FFS.
  18. even if they'd got the number right that's a few more duckponds than it was
  19. From the Commission for Architecture and The Built Environment (CABE). CABE's original funding agreement : CABE’s strategic objective is that by 2010: it will have injected the importance of place-making into the bloodstream of the nation to such an extent that England will be regarded as European leaders in prioritising the quality of places through public and private investment" A Headline from 2009 "Families are living in 'rabbit hutch Britain', with new homes offering the smallest rooms in Europe. Newly built properties are so cramped that they do not provide enough space to cook, have visitors around or simply relax. EPIC FAIL ?
  20. I think people might be scared that borrowing during in a recession, especially if you didn't save in the boom, means crippling interest payments back to whoever you borrowed it from (not necessarily UK investors). Can you argue interest payments are productive ? And that the next generation of public and private sector workers should have to pay them off ?
  21. Alan Sugar was bad enough, don't tell me they've wheeled in Dolly Parton as a SPAD too !? I can just see it : Working 9 till 5...no hang on, these lyrics can't be right...
  22. not by much if we pay for other transaction costs, legal etc (surely we do?). i'd take this hit for the other benefits
  23. I actually don't care if an MP uses my tax money to buy a kit kat. I think it's funny the way they're beating themselves up so much, suggests they're really embarrassed about it. Just heard on the radio that American senators get $1.5m bulk sum per year (they need to run an office, admittedly) with NO questions asked. Anyway, what I do think is appalling is the way that MPs can easily end up buying 3 houses (constituency, original home, London, and then the BTLs etc). And the mortgage interest gets paid. While a growing proportion of the public still can't afford one house. If there was ever a vested interest that actually has a considerable effect on the way the market operates and is regulated (and one that surely prolonged house price inflation way beyond its dues), this is it. This surely blows the odd tampon here and there out of the water. So to speak. So, it's a no brainer that one of the ways MPs can dig their way out of this and get some respect back, particularly from the priced out generation, is to make the default position that they RENT their London homes. The most obvious practical change to make is that they should get absolutely NO mortgage interest from the tax payer. This has several benefits : 1) We're going to kick a lot of them out pretty soon, so they'll save some stamp duty 2) As we know, renters get a poor press and are seen as paupers even though they can live rather well - so a bunch of MPs renting will take away from the 'pigs in the trough' image being gradually cemented every time they line up to say the old system was corrupt and often abused (I really don't understand why they would keep repeating this). 3) Some of them even agree with this (Patricia Hewitt, though she's not miss popular after suggesting the public could maybe have a say in which expenses were approved in the future) 4) Most importantly, they will realise how crap English law is towards tenants and gradually the law will change, perhaps towards the European (German) model where you have some rights including much improved security of tenure. While I'm sure some of us will eventually buy houses, I'm also sure we'd wish for a fairer system for those that go after us. 5) They all grew up with Miras and think that relief on mortgage interest is normal. For those of us in the real world, IT'S NOT. This would redress the balance and remind them that most of us are not relieved in the slightest. 6) The time is ripe for change. On the off chance they stop Chris Kelly doing his longer term inquiry and rush something through right now, this voice needs to be heard right now, and I think it would play pretty well with voters. What do y'all think ?
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