B63

+1

That's what I love about this forum, it's full of intelligent people who understand that the simple things, enjoying nature, learning, good food, music and art are what makes life rich. I live a happy life and the only factor that has made life difficult has always been the cost of housing. It's depressing to see housing financialized, making people work ever longer hours for less and breeding inefficiency. It feels like a correction is long due.

Article in the FT by Conservative MP Neil O’Brien. https://www.ft.com/content/296227f0-9966-11e7-8c5c-c8d8fa6961bb

Great thread. Just reading this by Albert Edwards "If I were a Fed Governor I would be pretty shocked/concerned/bemused at inflation developments this year. However confident the Fed is of a self-sustaining-recovery, there is growing evidence of a slide into outright deflation even ahead of the next recession which will likely unambiguously take us deep into deflationary territory." http://www.zerohedge.com/news/2017-08-31/i-was-wrong-albert-edwards-finds-something-has-never-happened

http://amp.theage.com.au/business/property/that-whoosh-its-the-great-chinese-property-pullback-20170807-gxrfbc.html "Reflecting tighter regulations, China overseas direct property investment could drop 84 per cent to $US1.7 billion ($2.15 billion) this year and about another 15 per cent to $US1.4 billion in 2018, according to Morgan Stanley."

“The real problem is that when the bond-market bubble collapses, long-term interest rates will rise,” Greenspan said. “We are moving into a different phase of the economy -- to a stagflation not seen since the 1970s. That is not good for asset prices.” https://www.bloomberg.com/news/articles/2017-07-31/no-bubble-in-stocks-but-look-out-when-bonds-pop-greenspan-says

Where outside of London would you recommend moving to that offers good value?

Fund Manager Shorts U.K. Property Firms, Prefers Spanish Rivals https://www.bloomberg.com/news/articles/2017-07-11/bluecrest-fund-manager-shorting-u-k-property-tips-spanish-peers

https://fromthemurkydepths.wordpress.com/2017/07/10/are-greenwich-council-wasting-millions-in-right-to-buy-housing-income/ "So with time running out on spending some Right to Buy income before it has to be returned to central Government, Greenwich have just announced where they will spend, and it’s mainly in the least cost effective area – buying homes at market value (at the top of a housing bubble no less). This of course also does nothing to expand the total housing stock. Every home bought is one less available to others looking to buy or rent."

FT: Think hard before buying a London property https://www.ft.com/content/922574d8-5cc4-11e7-b553-e2df1b0c3220

Candy sells London site as high-end property sales stall https://www.ft.com/content/41692f6c-47a7-11e7-8d27-59b4dd6296b8 Confirmation that further falls are expected?

Totally agree, I think he's going to win this too.

May must know that help to buy and shared ownership are of no help to the young. These schemes are nothing more than tax payer funded props. To see her openly lying to this man is quite sickening.

Very true, BBC reporting is so dumbed down it's not even worth watching.

https://www.theguardian.com/business/2017/may/03/buy-a-home-get-a-car-free-offers-galore-as-london-estate-agents-struggle-to-sell Some great comments at the end of this article. Everyone seems to be aware the bubble is bursting.