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About rantnrave
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The Bank of England has lost credibility
rantnrave replied to Gurgle's topic in House prices and the economy
Apparently their printer was out of paper... -
UK inflation jumped to 9% highest for 40 years
rantnrave replied to rollover's topic in House prices and the economy
I came across Laim Fox's article - in print so no link, sorry - calling for investigations into the BoE over not seeing the current inflation on the horizon. It's a better read than I thought - he draws a clear comparison with central banks which have not recently engaged in QE (Switzerland, China and Japan) and are reporting current inflation at around 2%. -
UK inflation jumped to 9% highest for 40 years
rantnrave replied to rollover's topic in House prices and the economy
So those who aren't getting bonuses from their employment in the finance sector are experiencing a real wage cut of around 5%... Ouch. -
UK economy shrank in March amid rising prices
rantnrave replied to rollover's topic in House prices and the economy
Because house prices aren't included in inflation figures -
Coventry upping rates on my Easy Access saver to 1.4% in a few weeks. The prediction here that the Chase account 1.5% offering would come under pressure soon appears to be coming true.
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Listings are about to go up
rantnrave replied to henry the king's topic in House prices and the economy
Some actual numbers here: https://propertyindustryeye.com/record-number-of-offers-accepted-as-sellers-sense-housing-market-slowdown/ -
Listings are about to go up
rantnrave replied to henry the king's topic in House prices and the economy
Let's hope so. When supply is low, it's not just about limited choice. Fighting for stock means EAs fall over each other to overvalue properties in order to get something on their books. -
UK Property market will "grind to a halt"
rantnrave replied to Gurgle's topic in House prices and the economy
I spotted a local EA which was a major offender of this - marking properties as 'newly reduced' when they were exactly the same price - just to get them bumped up listings. When I rang them up to query it, they denied everything - even when I asked them what the previous price was. I reported them directly to RM, who replied within 48 hours and said they would look into it. They contacted me a week later to say their investigations had concluded... and I was indeed right. They had therefore spoken directly with company's owner and reminded him of the standards Rightmove expects (!?!). He was apparently told that any more such malarkey and they will be excluded from the site. -
Interesting discussion about this topic over on Property Industry Eye https://propertyindustryeye.com/senior-tory-mp-blames-housing-crisis-for-local-election-losses/