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House Price Crash Forum

rantnrave

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Everything posted by rantnrave

  1. Draconian tax changes deter BTL landlords https://propertyindustryeye.com/draconian-tax-changes-deter-btl-landlords/
  2. For three years in a row, our only interaction with the letting agent was an annual inspection which lasted an average seven minutes each occasion (I timed them).
  3. Wasn't number one in place for a couple of years last decade?
  4. New Property Listings Rise Sharply https://propertyindustryeye.com/housing-supply-edges-higher/
  5. See Comment by Real Agent https://propertyindustryeye.com/queens-speech-to-feature-planning-reforms-to-help-boost-home-ownership/#comments
  6. These inflation reports suggest that the UK entering NIRP is less likely than it appeared a few months ago. Beyond that, who knows? If the Emerging Markets experience a more severe second Covid wave (already happening IMO), that could dampen global demand as the Developed World returns to growth. We do know that last decade, when QE pushed RPI to over 5%, the BoE did nothing. I think we would need a calendar quarter of >5% price rises across the board before any interest rate rises.
  7. FTSE 100 slides amid fears of rising inflation https://www.bbc.co.uk/news/business-57070373
  8. This is of course in lieu of any interest on savings accounts...
  9. The belief that we're never needed back in the office or only on a much more limited basis looks shaky to me. We're still waiting for an updated WFH policy to be sent round - word on the inside is that it hasn't been formalised yet because senior leadership are getting increasingly uncomfortable at the thought of everyone not being back in...
  10. £20k added to average house price - which is in line with what households not on furlough have been saving I presume?
  11. Data out this morning. It's not a question of whether it will be up, more like whether it will be up more than 2% like the Nationwide figures...
  12. FTBs getting mortgage rejections - and are the landlords, who would buy those properties instead and happily rent them out?
  13. If only there was an issue which Labour could tap into to bring younger voters to the polls...
  14. Turn of the century, Labour were winning 50+ MPs in Scotland during General Elections. Currently they have one. That's a heck of a loss. Prevailing view used to be that if Scotland went independent, the Tories would be in power indefinitely in Westminster. With the rise and rise of the SNP, that's kind of happening anyway.
  15. Sure about that? The US made nine rate rises over the last decade, before cutting them back. Remind how many rises the UK made??
  16. In its current incarnation, the Labour party seems to be built around Metropolitan Woke Remainers - of who Starmer epitomises. We're moving towards a situation in the US - where the most deprived, less populated areas vote for patriotic right leaning parties and larger, wealthier centres vote left.
  17. Up 2.1% in a single month (two point one percent) Is that the stamp duty saving wiped out in four and a bit weeks? Full report: https://www.nationwide.co.uk/-/media/MainSite/documents/about/house-price-index/2021/Apr_2021.pdf
  18. In 2019, I voted for an obscure party because their economic views were more aligned with mine. I wanted to vote, but didn't feel that any of the mainstream parties warranted my support.
  19. My mistake. It was even more recent. 2017 election saw Scotland send 13 Tory MPs to Westminster, a gain of 12. This partially offset losses in England and allowed the Conservatives to remain in government with the support of ten DUP MPs from Northern Ireland. Without those extra Scottish Tory MPs, the Conservatives could not have formed a majority even with the DUP support. Scottish voters enabled the Conservatives to retain power in the UK.
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