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rollover

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Everything posted by rollover

  1. The US treat them like an idiots! http://www.youtube.com/watch?feature=player_embedded&v=qv7qy7jot30#t=26
  2. Who is buying the non-performing loans?
  3. Why are they complaining about bet they did? If they made money, they wouldn't.
  4. After all, you only find out who is swimming naked when the tide goes out. But a pin lies in wait for every bubble. And when the two eventually meet, a new wave of investors learns some very old lessons: First, many in Wall Street æ a community in which quality control is not prized æ will sell investors anything they will buy. Second, speculation is most dangerous when it looks easiest. The worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. "Warren Buffett"
  5. Don't worry, all the banking talents that left after 2009 bust is heading back from Asia, to sort it out here.
  6. Will the pressure cooker last till next general election? Or will it blowout before and Labour will be laughing all the way to the election day.
  7. Ben Bernanke's crisis-era legacy at Fed finish today. How he will be remember for? What will the future be like after him.
  8. Will interest rate rise again, who would think so. It is unexpected!
  9. Some asking question "what now", instead of asking "what after"?
  10. Can they really break this cycle? Too many people are addicted to cheap credit now, what are they going to do with all this debt around?
  11. Would You Believe It? 12.50% unemployment, loans in arrears by more than three months continue to increase and abnormally low rate of repossessions, reaching a new high of 18%, 300,000 houses lying empty in Ireland, including 200 'ghost estates' with debt rating Baa3 sells 5 year bonds cheaper than US and UK! Something doesn't quite add up.
  12. Britain’s most expensive block of flats is virtually empty One Hyde Park claims to be the most exclusive address in the world, but freedom of information requests have shown that only 19 of its 86 flats are actually occupied. These flats are being used as a kind of tradeable currency for the international super-rich. On one level, it’s flattering that London is valued so highly by overseas buyers, but I fear the cost is felt by ordinary Londoners as these prices feed down the housing market. These flats will have counted towards the statistics, but are about as relevant to housing need as uneaten caviar and truffles are to the starving.
  13. Home-seekers face stiff competition as TEN people compete to buy each property. On average 9.7 buyers are chasing every new property coming on the market Over 60% of first-time buyers are now aged between 25 and 34 England will face a shortfall of a million new homes by 2021 of which half will be in London and the South East
  14. London’s housing crisis comes to a head Latest figures on affordable housing show a tightening in London’s housing crisis: completions of new affordable homes slumped to just 300 a month during the first eight months of the current financial year. A new poll suggests that 82 per cent of Londoners believe that emergency measures are now needed. Earlier this month, figures from the Nationwide building society showed that London house prices rose 14.9 per cent in the previous year: that is exerting ever greater pressure on Londoners’ incomes, whether they are homebuyers or renters. The Mayor’s targets have slipped: he now looks unlikely to meet his goal of 100,000 new affordable homes in two terms of office, and in any case even that target does not come close to meeting demand. The situation has been aggravated by the sell-off of council homes and the inability of councils to spend the proceeds on new housing. That has led to the situation described in a report today by London Assembly Member Tom Copley. He points out that more than a third of homes sold through Right to Buy in London are now let by private landlords. Solutions such as more shared ownership will have a role. But ultimately the only answer is to build more new homes: most estimates put the total number London needs each year at around 50,000. That will require more extensive and imaginative use of brownfield land, though that will not prove enough: we will also need to consider building on the green belt. Today’s poll suggests that housing is now the most pressing issue for Londoners: at the next mayoral election, they will demand serious solutions.
  15. End of Help to Buy could crush housing boom, warn builders The nascent recovery in housebuilding could be all but extinguished when the Government's Help to Buy scheme to support the market ends in 2016. The Construction Products Association called for clarity from the Government on the future of the initiative as its latest forecasts predicted a sharp slowdown in new housing to just 2 per cent in 2016 – when Help to Buy is due to finish – following double-digit growth this year and next. Growth in private housing work is set to slow rapidly after Help to Buy, according to the body’s economics director Noble Francis. Since April last year the Chancellor’s Budget centrepiece was government loans of up to 20 per cent on new builds, funded by a £3.5bn pot to underwrite an estimated 75,000 purchases. As of December, there were 18,000 reservations since April under the first stage of the scheme. “After 2015, without Help to Buy to support housing market demand, there are strong concerns about whether house building will continue to improve despite the clear need for new housing,” Dr Francis said. Private housing starts in Britain declined more than 7 per cent to to just 94,000 in 2012, 35 per cent below the average of the last 20 years. By 2017 the association’s forecasts suggest 153,000 private housing starts and 30,000 public starts – only three-quarters of the 240,000 homes needed to meet the number of households created each year, according to the Office for National Statistics. Dr Francis added: “2016 is a very big issue for the housing market. I think that for the housebuilders and the wider industry as well as mortgage lenders everybody would benefit if there was greater clarity for the medium term.” The Bank of England, which is opposed to any extension of the scheme, is monitoring Help to Buy and can make recommendations to halt it if it judges risks to financial stability are growing. The Bank has already stopped banks from using its Funding for Lending scheme to access cheap cash to fund mortgage loans.
  16. If you put your legs into freezer and your head into oven, in average you should feel good. But for some reason you don't .
  17. Does removal of funding for lending really matters? FFL introduce 95% loan to value mortgages the banks were crying for.
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