Jump to content
House Price Crash Forum


New Members
  • Posts

  • Joined

  • Last visited

Everything posted by Queasing

  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
  16. Unbelievable isn't it. BBC couldn't bear to go with the MOM negative story as the headline and went with something of little relevance to the recent figures that comes as no news to anyone. If anything I'm seeing more for sale than I have for at least 2 years... Thanks all for the analysis of the figures.
  17. The article is based on a longer (96 page) essay available here: https://policyexchange.org.uk/publication/brexit-and-the-british-growth-model/
  18. Front page / 3rd story down on the FT website: Buy-to-let lending slumps as landlords take fright at tax changes Regulatory clampdown sees mortgage activity fall 19% compared with last year https://www.ft.com/content/e7bccd64-9fd6-11e8-85da-eeb7a9ce36e4 Story also based on the UK Finance figures
  19. Ben Broadbent spewed out some words yesterday. I have had a skim read and in general it seems to be on the defensive about their precious QE/Easy money policy. Some charts are included to back this up, such as the brilliantly titled "House prices haven't risen much over the past 10 years" and also graphs that compare the current period to the period following the great depression to show just how awesome their policies are. https://www.bankofengland.co.uk/-/media/boe/files/speech/2018/the-history-and-future-of-qe-speech-by-ben-broadbent.pdf Here's an extract from the summary: "QE has often been described as a “new-fangled” policy, something that involves “printing money” and has served only to engineer large rises in the prices of financial and other assets, benefiting only the better off. Broadly speaking I don’t think any of these things is true. It’s not new; it’s not exactly printing money; equity and house prices are in real terms still comfortably below their pre-crisis levels; inequality hasn’t risen – nor, according to the most detailed analysis available, did easier monetary policy have any net impact on it." There we have it, everything is hunky-dory, stop whining!
  20. BoE have been pissing into the wind for years. Carneys trousers are drenched, yet somehow he has the ability to see through this.
  21. Removal of the floating is appreciated, but the videos are still irritating as well as using up a significant amount of 4G data allowance. I rarely visit the site on my phone these days due to this. For information my favorite kind of ads on this site are those from the large housing developers. The juxtaposition provides me with some amusement.
  22. This is the first negative since January 2018. Full release should be here https://www.rightmove.co.uk/news/house-price-index/ but still showing June at present. Anecdotally I am also seeing highest levels of stock available in my local area since I started monitoring in March 2017. Still a lot of fantasy pricing out there though.
  23. " The discussion paper, On Borrowed Time: Finance and the UK’s current account deficit, calls on the Bank of England’s financial policy committee, with the Treasury’s backing, to insist on higher initial deposits and stricter ceilings on loan to income ratios. An increase in house building would also help to bring down average prices, the IPPR said." https://www.theguardian.com/business/2018/jul/10/bank-of-england-should-aim-to-freeze-house-prices-for-five-years-report "Under the IPPR’s proposals, house prices would be allowed to increase “only after expectations of constantly rising house prices have been ‘reset’”. https://www.independent.co.uk/news/business/news/uk-house-prices-latest-freeze-financial-crisis-bank-of-england-ippr-a8439151.html
  24. Floating video adverts/content (Bloomberg etc) are making the forum difficult to use. They get in the way, particularly on a small mobile screen and they eat up 4G data allowance. Please stick to the more conventional advertising.
  25. Two members of the FPC claim £390k in travel expenses in two and a half years. https://uk.reuters.com/article/uk-britain-boe-expenses/staggering-bank-of-england-expenses-payments-shock-uk-lawmaker-idUKKBN1JM1T3 Well; I guess if I worked for an organisation that could print money willy-nilly I wouldn't be too bothered about the costs either...
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.