hp72

Nice areas like Winchester appear to be dropping.. https://www.hampshirechronicle.co.uk/news/20231026.hampshire-property-winchester-house-prices-dropped-south-east-average-april/ HOUSE prices dropped by 4 per cent – more than the average for the south east – in Winchester in April, new figures show. But the drop does not reverse the longer-term trend, which has seen property prices in the area grow by 8.7 per cent over the last year.

The CDOs used in the previous crash have been replaced by MBS which is mortgage backed securities + the fed has been underwriting mortgages.. https://www.investopedia.com/ask/answers/040815/are-all-mortgage-backed-securities-mbs-also-collateralized-debt-obligations-cdo.asp https://www.dallasfed.org/research/economics/2021/0826.aspx "Fed’s Mortgage-Backed Securities Purchases Sought Calm, Accommodation During Pandemic W. Scott Frame, Brian Greene, Cindy Hull and Joshua Zorsky August 26, 2021 The Federal Reserve quickly responded to significant financial market disruption at the onset of the COVID-19 pandemic in March 2020, providing stability in a variety of ways. This included large-scale purchases of U.S. Treasuries and agency mortgage-backed securities (MBS)."

A bit of "blue sky" thinking here... let's look for a solution, and not argue about the causes... 1. Smart meters for gas and electricity are mandated. The first "x" kwh per month (adjusted for climate norms) is "£y" per kwh. Then a tiered pricing system based on each additional band of (example) 200kwh per month, increasing as usage increases. 2. For the lower-income folks, increasing subsidy allocations _which can only be used for household energy efficiency_ to build up a long term stock of accommodation which is energy efficient. Not sure how this would work with landlords - maybe low-rent, low-efficiency properties get credits to the tenant which can be substituted for rent payments? Should focus a few minds? Just putting it out there...

"Behold a pale horse" https://www.rollingstone.com/politics/politics-features/william-cooper-conspiracy-theory-711469/ 🤔

https://moneyweek.com/investments/property/house-prices/604726/will-house-prices-crash-in-2026-18-year-cycle I remember thinking in 2005: “This market is nuts. It has to crash”. Many felt the same way, including many of the brightest minds in the City. A whole website - housepricecrash.co.uk – sprung up around the theme. Many of us were certain the game was about to end.

Can't stop thinking about this character, looking at her hair... On the flipside, I've seen a great new mask to wear instead of plain cotton. Isn't going to traumatise any children at all is it? 🤦

Buyers regret.. https://www.mumsnet.com/Talk/property/4294780-Huge-moving-regrets We lived in a big hoyse in a beautiful place but had overstretched ourselves on both the size of the property and the cost. last year we sold to a local family and to help their elderly family move before Christmas we ended up renting in some dire rural holiday let for 4 months during winter lockdown whilst searching for something. After turning down a lovely place that was out of our budget we bought in a local town near to where we moved from. I hate it. We were desperate and if we hadn't bought everything would have gone up 30k while we were renting. I wanted a quiet road, it's really busy, I wanted character, it's got none. Couple of the neighbours are aggressive and noisy. There's a small industrial estate nearby with drilling going on all day (all shut when we viewed). There's no sense of community here it's just a commuter dormitory town. The garden is crap, overlooked and noisy. I miss where we were so much but houses are not even coming to market there before being sold. I know we have to be patient and have friends there looking out for anyone selling but I wish we'd never moved now and just worked harder. I can't stop crying about what we've lost and how stupid we were to rush into this. If nothing comes up by Sept would you just market the house anyway?

"Timmmbeerrr!" https://www.wbay.com/2021/06/30/lumber-prices-fall-40-percent-june/ After peaking in early May, lumber prices have fallen more than 40% thanks to increased supplies.

Aah. Reggie Perrin😆

Apparently about $33m each https://www.aircraftcompare.com/aircraft/boeing-ch-47f-chinook/ with £5,200 per hour running costs.. http://www.armedforces.co.uk/raf/listings/l0032.html the rest must be support..

Mortgage prisoners piece in the DM. https://www.thisismoney.co.uk/money/mortgageshome/article-9452947/amp/Mortgage-prisoners-homeowners-paying-9-interest.html Consumed by constant money worries': Mortgage prisoners tell of high interest rate woes ahead of debate on landmark law change

https://www.reuters.com/article/us-reinsurance-marine/suez-blockage-may-lead-to-large-reinsurance-claims-broker-willis-re-says-idUSKBN2BO4PN?edition-redirect=ca LONDON (Reuters) - The blockage of the Suez Canal is likely to lead to large reinsurance claims, adding to upward pressure on marine reinsurance rates, James Vickers, chair of reinsurance broker Willis Re International, told Reuters.

It can be complicated with insurance being covered by reinsurance! https://www.investopedia.com/articles/insurance/082916/business-model-reinsurance-companies.asp