maverick73

Can't change the past. When almost free money is chucked at people, the natural tendency is to spend it. As for not joining the Euro, that was a lucky escape, Blair wanted to join, to diminish Browns power. Sentiment drives economies, if no one is spending, and the ink jet printers have run dry, then taxes would to be raised to cover the shortfalls in costs of the promises made at large.

Recession is two successive quarters of negative growth. The country's engines are purring, it just has flat tires. More seriously Aggregated demand side shocks like.. • Higher interest rates which reduce borrowing and investment • Falling real wages • Falling consumer confidence • Credit crunch which causes a decline in bank lending and therefore lower investment. • A period of deflation. Falling prices often encourage people to delay spending. Also deflation increases the real value of debt causing debtors to be worse off. • Appreciation in exchange rate which makes exports expensive and reduces demand for exports. Aggregated supply side shocks like.. • Rising costs of commodities, such as oil, coffee, cocoa, gas, gold, silver • A fall in confidence can precipitate a recession The UK is about to experience a left; right slap in the face.. but I don't see that impacting asset values too much, maybe a 15% drop. Only base rate rises have the impact that majority of the forum desires.

Blame the 'new' Labor for the mess, spin was presented... BS was delivered :o)

Unless the magical Lib Dems win the election :o)

the UK did not have a housing supply problem, it had an affordability trap problem... that problem will always remain.... low salaries, allow more people to work and expensive living costs means your trapped. A slave in debt, not in chains

Vote Conservatives - They will tax you Vote Labour - They will print more money and tax you Vote Lib Dems - They will make you join the Euro and tax you

As they say, in oder to spend you have to generate... they can't print anymore, so they will have to tax more... the same chap said the consumers don't save enough money... Houseprices will not fall unless the Bank of England raises the base rate.. its the only way.... http://news.sky.com/story/chancellor-hints-tories-may-ditch-2015-pledge-not-to-raise-taxes-10845447

QE works if enough consumers exist in the market... If the population were to shrink, then a short fall would lead to increases in taxes. its a vicious cycle

Looks like an excess credit clear out before the next big con Were on the apex, of a downturn, stretched affordability, looming tax changes (increases in NI / VAT; decreases in corporation taxes).... Who wishes to buy when uncertainty is on the rise

GBP has been flip flopping against USD for a while now. I'm presuming the downward trend will level off unless the central banks pump more money into the system.. (More supply, than demanded, makes life cheaper). As for houses / assets, the current prices are, nothing more than a credit bomb.... We have ample simply, the governments may have you thinking otherwise, but these are offshoots of the Keynesian's economic policies. If a true shortage existed, then more people would be homeless.

It's knocking on the $1300 doors, probably one last dive to $1220 before climbing unto $1350 approx.... depending on the Australian dollar value against the United States dollar, the VIX charts (uncertainty).... Sliver looks good since it broke from it's down trend from the last couple of years.

Speculative. The country is living through uncertain times, dependent on consumers willingness to splurge. If they are not then, prices drop to attract them. If that doesn't work, either scale down the operation or close up shop.

Regardless of elections now or two years from now, the mandate remains the same. Snap elections are to quell the uncertainty within the government walls.

Wow, they are awesomely cool homes, I'm guessing it's appeal would grow if grammar schools popped up as part of the government drive to keep the engine of the economy chunring

Double whammy = Savers lose interest + Assets lose value

Soon they will introduce diesel car pollution tax. So the fire sale will occur ok foreign lands, as the UK will become a ghost town..

Soon, they will announce special toilet roll tax. Each time they wipe your...

If the base rate is 0.25%, and the public are in debited to there eyeballs, then to keep the economy moving forward, then the doors are open to wealthy foreign ownership... at some point a statistic snap will be produced to show averages asset ownership by non-U.K. citizens, I'll simplify how many premier league football clubs are British owned :o)

I'm presuming Yarmouth is the next hotspot

They rise because inflation costs do not account for a consumers biggest purchase a home. Year - 2003 The Retail Prices Index (RPI) which included mortgage repayments. The Gross wage average in the U.K was £23k. The house price average in the U.K. was £194k. RPI - 2.8% CPI - 1.3% The Chancellor changed from using RPI to the Consumer Price Index (CPI). CPI did not include the average house price, but did include the average cost of 'Renting'. Year - 2008 The Gross wage average in the U.K was £28k The house price average in the U.K. was £215k RPI - 0.8% CPI - 3.1% Year - 2016 The Gross wage average in the U.K was £30k The house price average in the U.K. was £207k RPI - 2.5% CPI - 1.6% Gross wages were gathered from - https://statswales.gov.wales/Catalogue/Business-Economy-and-Labour-Market/People-and-Work/Earnings/averageweeklyearnings-by-ukcountryenglishregion-year Average House Price - http://www.housepricecrash.co.uk/indices-nationwide-national-inflation.php CPI / RPI - http://www.swanlowpark.co.uk/consumer-price-index.jsp;jsessionid=39EAE7B3EBDB6EF2697E468F5FE64BED Does it really matter who's is power when the maths is tailored to suit the public drones. Please note two years ago the ONS admitted that the housing costs of owner-occupiers are under-represented in the CPI and this was a ‘weakness’. It therefore came up with a new index, CPIH, which is supposed to be the CPI but including more of the costs faced by owner-occupiers. However, CPIH doesn’t include raw house prices, or even mortgage repayments. It claims to represent house prices through something called ‘rental equivalence’ – namely the theoretical rent that homeowners would pay if they were renting their homes rather than buying them. We've had four chancellors since 2003. Everybody, please raise your hands if your happy with the service received. Welcome to the nation of home renters, buckle up and enjoy the ride

The government / central bank backed the BTL market in 2008. It will now sell the debt onwards as high interest bonds. (RBS, Lloyds, Halifax, Bradford & Bingley, Northen Rock, Alliance & Lecister, Chesham Building Society, Dunfermline Building Society, Scarborough Building Society, Barnsley Building Society, Cheshire Building Society, Catholic Building Society) The only problem is does this country have enough consumers to drive this economy after its divorce.

The cycle of asset debt is the ability to borrow vs. numbers available to borrow. If all people have borrowed to their maximum potential, and a bank continues to flood the market with credit, the fall in the currency value will create inflation, forcing base rates to be raised. The government uses inflation to pay off its debt and pension pot values rise. Attempting to cash in on asset values the market will be flood with sellers and not enough buyers. The UK imports everything including people Cheap sterling = Less attraction = Less migrants = Less borrowers = Less renters = Stagnant economy = Stagnant company growth = Less jobs = High debt = Bankruptcy

I doubt war with North Korea would happen, thats just media hype.

Has divorce ever been kind. What does the UK have to offer on the global stage?

They want consumers to borrow to raise inflation. Borrow more spend more, credit inflation so the 2% target can be met. Now we sit and wait and hope for an inflation rocket forcing BoE to raise it. If only the experienced affordablilty issues of the 98%