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  1. The Bank of England must "practice what it preaches" by sharpening up compliance and improving diversity, a group of MPs has said. In a critical report, the Public Accounts Committee (PAC) said the Bank risks undermining its credibility if it fails to do so. https://www.bbc.co.uk/news/business-47545805
  2. Article in FT on Student loans racket. Now that its added to the national debt it appears to be getting some attention... https://www.ft.com/content/b189980a-19a5-11e9-9e64-d150b3105d21 Thank god for those geniuses at the BoE for noticing this. Can't help but think that a change of student loan terms / debt forgiveness would be a massive vote winner to pull out of the bag when required. Even if all other party policies are unpalatable the forgiveness of the debt could trump all else for those saddled with this miserable and unnecessary debt load. That said, there seems to be little protest or decent debate about the situation as is.
  3. Fingers crossed that this figure further "worsens" and the lagging land registry HPI stats follow into negative territory, as they have done in the past .
  4. This truly is heartwarming. The levels of stupidity exhibited are staggering. Hope to see much more of this indignation and squealing from idiotic BTL landlords early next year.
  5. What a moron. Thanks for posting that. Says it all really. He manages in just that one minute to show himself to be an imbecile. Quoting Kit Malthouse: Clearly has his head up his ****, prices are currently declining in many regions. How can they remain on a gentle upward trajectory when they are currently declining? Why is there a "need" for a gentle upward trajectory in prices? The need for the populace to be adequately housed should be his number one priority.
  6. Link to Nov '18 report https://www.rics.org/globalassets/rics-website/media/knowledge/research/market-surveys/uk-residential-market-survey-november-2018-rics.pdf Link to previous report https://www.rics.org/uk/news-insight/research/market-surveys/uk-residential-market-survey/
  7. Original press release https://www.rics.org/uk/news-insight/latest-news/press-releases/prices-demand-and-supply-all-in-decline-as-brexit-uncertainty-persists/ and full details https://www.rics.org/globalassets/rics-website/media/knowledge/research/market-surveys/uk-residential-market-survey-october-2018.pdf Surveyor comments at the back of the report always worth a read.
  8. "Annual house price growth lowest since May 2013" i.e on a monthly basis not growing and in real terms, a decline. Lets hope the annual increase continues to decline. I haven't yet seen this posted - I found this outburst from the CEO of nationwide from a few days prior surprising
  9. Thanks for bumping saving for a space ship. https://www.bristolpost.co.uk/news/bristol-news/dozens-people-living-caravans-three-2135148
  10. More on the story from Bristol Post. The story deserves more coverage. That in one of the the major cities in one of the richest countries in the world, thousands are living without water, electricity and proper sanitation is a disgrace. A modern day Hooverville? Meanwhile Panorama runs a sob story on a couple who overpaid for their house and can't hack a 5% interest rate... Boo-f***ing-hoo. https://www.bristolpost.co.uk/news/bristol-news/dozens-people-living-caravans-three-2135148
  11. I can think of more appropriate objects to pelt them with than eggs.
  12. * Correction - anecdote applies to the area which I am monitoring
  13. The clickbait style leading headline "where are house prices rising the fastest" to me implies at a glance that they are rising everywhere which is not the case. In fact on a monthly basis, they are falling, in some regions, south west -0.4% east of England -1.1% London -0.5%. Too much to expect any decent analysis from the BBC. I hope that you are wrong about a 2004 style pause before further rises, though who can say what form of insanity comes next to keep the plates spinning. These figures are a picture of the scene some months ago, and the price would have been agreed months before that... Anecdotally sentiment seems to have further turned since then, and FTB properties available are at a 2 year high.
  14. Under 3 weeks to go. Anyone like to hazard any further guesses for what unexpected half baked carp "spreadsheet Phil" will pull out of his miserable red box? I'd guess TPTB can see the housing market stalling and will set the upper limit on stamp duty for FTBs to a higher level and remove or cut it for "second steppers", sold as help for "hardworking families". Expecting further HTB revisions, at the request of and for the benefit of the housebuilders Recent history suggests to me that there will be nothing of any real vision or meaningful value announced.
  15. We could have had a shorter more brutal crisis and creative destruction and rebuild a better system but the unelected masters wish to prolong the malaise ad infinitum; and what's to stop them? The rot has been going on so long now people will begin to forget there was ever anything different. Makes me sick
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