douglasc
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I wonder if it's just a slap on the wrist or if it could actually turn into something significant. e.g. refusal to allow the UK to renew Trident or economic sanctions. There was another article which is closely related: according to China's richest man, the UK is a great place to invest due to its lack of scrutiny. http://www.bbc.co.uk/news/business-31838296
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Foxtons Share Price And The Housing Market - Merged
douglasc replied to jasonpistol's topic in House prices and the economy
Actually, they mention it on the website now. Were the figures reversed it'd be the top business story for sure! As it's negative it's just nestled under "other" stories. -
Foxtons Share Price And The Housing Market - Merged
douglasc replied to jasonpistol's topic in House prices and the economy
Chances of the BBC reporting this? I've actually been considering buying some FOXT as a hedge against another surge in prices. -
Ludicrous Prices Still Coming Onto The Market
douglasc replied to Corruption's topic in House prices and the economy
They have to list at higher and higher prices on rightmove. If they don't then the asking price index will go flat - or even start to fall. Public expectation of a crash has increased significantly: a drop in average asking prices on rightmove may be all that's needed to trigger the chain reaction of price falls necessary to make it happen. -
The London Mega Bubble Crash
douglasc replied to TheCountOfNowhere's topic in House prices and the economy
You might find that it's a Building Society. -
I Am Calling The Top.
douglasc replied to Wurzel Of Highbridge's topic in House prices and the economy
It wouldn't suprise me if they bring this in at some point. Free access to pension pots for all - on the condition that they're used only for house purchases. -
I Am Calling The Top.
douglasc replied to Wurzel Of Highbridge's topic in House prices and the economy
A top won't be allowed to happen in London yet. Potential further props to keep the market high: Allow all people access to pension pots now (regardless of age). Reintroduction of MIRAS for owner occupier mortgages. HTB3 - Reduced deposit requirements, increased maximum loan. Taxpayer backed of course. Multi generation mortgages (100 year term anyone?) -
If Even The Telegraph Is Mocking House Prices
douglasc replied to a topic in House prices and the economy
This is very common - I also know several who have done this: and others who intend to do the same in the near future. -
Hate to say it, but when we are gaining hope from a mate of a mate down the pub, things aren't going too well here in HPC land! Thanks to Osbrown, we're more likely to see GBP/USD parity than a house price crash. Possibly both...
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What If It Turns Out It Is Not Really Cash At All
douglasc replied to slacker's topic in House prices and the economy
I suspect many foreign buyers appear to be cash buyers because the mortgages are arranged in their state of origin. All we see here in the UK is the cash. It wouldn't surprise me at all if what you suggest is also happening! -
Graduated in 2003. Plan A was to move to London, save up and buy a small flat with the girlfriend and see how things went from there. 11 years on, we've saved lots, we're now married. However, we've not bought any housing: the prices just seem so out of proportion with everything else. It seems so much more worthwhile to spend the money on more interesting things. For example, I obtained my Private Pilot's licence during 2009/2010 for a fraction of the "typical first time buyer's deposit" in London. Plan B: move to Malaysia (where my wife is from) and live mortgage-free. It's somewhat ironic, given that the appreciation of London's housing has been largely thanks to the middle classes in Malaysia/Singapore snapping it up.
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Crazy: so liar loans are still alive and kicking in London thanks to 'hooky' mortgage advisors?