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House Price Crash Forum


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Everything posted by rollover

  1. Ken Mould's home has been completely covered by overgrown plants and shrubbery for 10 years. One resident, who did not wish to be named, said: "That thing brings down the house prices for all our street, it's an eyesore, I don't know how they can live in there. "It would be a bit off-putting for potential buyers wanting to move in next door. He's been locked in a wrangle with the council for a while now. Link
  2. No more rabbits in Osborne's hat George Osborne will offer an upbeat assessment of Britain's economy. But his options are limited when it comes to tax giveaways, says IG's Market Analyst Alastair McCaig.
  3. Are you not a millionaire? Doesn't matter, we'll take change as well.
  4. If you can’t raise enough capital to buy in the capital here are five alternative investment ideas to profit from London’s property boom.
  5. And to who will they let out their under standard and overpriced property? It will be the end of the game!
  6. The sums that annually disappear into the vast bureaucracy that manages more than half of all annual government outlays approved by Congress.
  7. Election is coming, kick the can down the road for a little bit longer.
  8. With building, labour and administration costs coming in at £164,421, plus a land price of £77,400 the total cost of building the average family home in Leeds is £241,821. That gives a pre-tax profit of £54,443 per house. Link
  9. U.S. manufacturing output barely rose in September and contracts to buy previously owned homes recorded their largest drop in nearly 3-1/2 years, the latest signs the economy's momentum ebbed as the third quarter ended. The reports on Monday showed economic activity was on weak footing even before a 16-day partial shutdown of the U.S. federal government early in October that is expected to weigh on fourth quarter growth. "The economy seems to be losing steam as higher mortgage rates have hit the housing market and destructive government policy will likely bash the rest of the economy," said Joel Naroff, chief economist at Naroff Economic Advisers in Holland, Pennsylvania.
  10. The number of sellers in the capital this month is up 15%
  11. Blackstone introduces rentals-backed securities. A new bond offered by the investment firm Blackstone, the U.S.’s largest investor in single-family home rentals, will be based on rental homes and provide investors a return based on rents and possibly more if they’re sold. “It is a new asset class, so we want to make sure that the sponsor that has invested the equity is going to be able to collect rents, rerent these properties in a fairly short time period and be very efficient about operations,” Bryan Whalen, managing director of U.S. fixed income at TCW, told CNBC. “The better they are at operations, the more protected we are as bondholders.” Blackstone, which has yet to name the bond, has bought up approximately 32,000 homes for $5.5 billion, according to a September report from financial services firm KBW.
  12. Doing the same thing over and over again and expecting different results.
  13. Grangemouth Saved In Last-Minute Deal It came after the Unite union confirmed it would now "embrace" a survival plan in an effort to reverse a decision by owner Ineos to close the business. Asked what he thought of union tactics during the negotiations, he said it would have "saved a lot of traumatic effects" if union officials had begun the talks a week ago with the same attitude they had had over the past two days. Earlier, Unite's general secretary Len McCluskey said shop stewards had decided to accept the company's survival plan "warts and all" in the wake of the closure decision. That included a pay freeze, ending of a final salary pension scheme and other changes to terms and conditions which had initially been rejected by staff in a union vote. "My union is engaged with thousands of companies every day to negotiate plans to save jobs. There is nothing humiliating about negotiating plans to ensure jobs and communities are safe."
  14. Greeks are nearly 40 percent poorer than 5 years ago. Disposable incomes down by a third since the country entered into recession. Financial struggles linger after the 2008 crisis,and the government austerity measures haven’t yielded promised growth. Gross disposable incomes fell 29.5 percent between the second quarters of 2008 and 2013, the ELSTAT statistics service said on Tuesday in a report. Adding in cumulative consumer price inflation over the same period takes the decline close to 40 percent. Workers’ compensation has fallen 34 percent since the second quarter of 2009, according to the ELSTAT report. The government, under strict pressure to reduce the ballooning budget deficit, has cut social benefits by 26 percent. The economic suffering has made saving nearly impossible for average citizens, with the households putting away 8.7 percent less in the second quarter, 2 percent year-on-year. Domestic consumption has been squeezed out by austerity measures.
  15. The world's first bond backed by home rental income could come to market in the coming weeks, after securing a credit rating that should make the deal more palatable to debt investors. from FT
  16. It added that the number of sellers in the capital increased 15% on month in October,
  17. Poll: Will U.S. debt hit $20 trillion before President Obama leaves office?
  18. U.S. debt jumps a record $328 billion — tops $17 trillion for first time
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