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wighty

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Posts posted by wighty

    Inflation falls less than expected in blow to hopes for summer rate cuts

    in House prices and the economy

    Posted

    28 minutes ago, scottbeard said:

    OK, interesting.  I don't have strong views on the exact timing and direction of interest rates now, but staying in a 4-6% range for the next 3 years seems very likely, hence why I think that current fixed rate mortgages are good value relative to trackers, as they are pricing in plunges in interest rates that won't happen.

    Desperate Tory ploy for election kudos?.

    For them it is the darkest of times before the coming  political new dawn

    Angela Rayner

    in House prices and the economy

    Posted

    1 hour ago, Timm said:

    I think it likely that she spent enough on the house to reduce her CG tax bill to zero and that this is the recent advice that she has had.

    I think she mismanaged the situation because she thought tax was not due on the sale of her main residence. I suspect she genuinely thought this and made a mistake. I also think she has mismanaged the situation by not saying "Look, I made an honest mistake and this has been pointed out to me. I actually don't owe any tax for a completely different reason, but I am going to make a voluntary payment to HMRC because I made a mistake."

    What was the capital gain?.

    Also take off buying & selling costs.

    Then there's an allowance.

    Angela Rayner

    in House prices and the economy

    Posted

    1 hour ago, bomberbrown said:

    You'd think in this day and age with over-bearing bureaucracy and red-tape in every aspect of our lives, the government might have this sewn up with a simple legislation that anyone with more than one residence (rented, owned or otherwise) would simply have to declare which one is their main residence either annually, or whenever it changes rather than leaving it to Miss Marplesque deductions. 

    I thought you could. As long as you actually lived there.

     

    Plan, plan, plan, plan, plan, plan, plan, plan, plan, plan, plan, plan, plan, plan, plan, plan..

    in House prices and the economy

    Posted

    2 hours ago, Bruce Banner said:

    David Cameron on Sky News this morning... "We have a plan, the other side doesn't have a plan" :rolleyes:.

    Cameron's plans... 

    Conservative-Party-Manifesto-2010.pdf (general-election-2010.co.uk)

    "One thing is clear. We can’t go on with the old model of an economy built on debt. Irresponsible public spending, an overblown banking sector, and unsustainable consumer borrowing on the back of a housing bubble were the features of an age of irresponsibility that left Britain badly exposed to the economic crisis." :rolleyes:

    And then there was Brexit :rolleyes:.

    It's from a politician in an electioneering mode.

    You are old and wise enough to know what is said bears no relation to the reality.

    Game over for the big house in the county

    in House prices and the economy

    Posted

    52 minutes ago, Cluelessofnowhere said:

    Good morning. I present you no new evidence at all - only a hunch that the COVID fueled country dream is over. We've had a long wet winter, people are fed up with getting in their car for absolutely everything, heating and maintenance costs high, you've fallen out with your neighbours, exhausted the only two circular walks near your house, realised that horses are a money pit, got a new solar farm/awful development next to you and worst of all you are bored senseless...

    Unreliable Internet

    cock crowing at 5am. And farmers working at unsociable times

    Halifax HPI March 2024 -1.0% MoM +0.3% YoY

    in House prices and the economy

    Posted

    6 hours ago, sell2rent said:

    I sold in October 2022. Most of my fixed deposits since have been over 5%. I'm renting a house for 2.5% of what it is being offered for sale.

    Last time I had mostly NS&I index linked certificates and gold which both absolutely crushed UK house prices.

    I've made far more money being out of housing than in it.

     

     

    It seems, generally, the more expensive houses have lower rents in % terms  compared to market value.

    I like your style the way you're set up, but I can't get it past my wife to do something similar.

    Halifax HPI March 2024 -1.0% MoM +0.3% YoY

    in House prices and the economy

    Posted

    1 hour ago, NoHPCinTheUK said:

    That’s a soft landing. 
     

    Everyone is long these days. Equity, Fixed Income. It seems that the only ones who are currently taking a hit are those PE, RA funds with valuation directly from the book of dreams. 
     

    However, I haven’t seen any news pointing at a soft landing during the past 12 months. 
     

    Actually I feel we’ve been living in a false narrative put in place by the CBs following their stupid forward guidance policy. 

    What I see on the ground is rather yields moving back up even on the longer part of the curve for corporations (bond vigilantes?), oil up again, wars, a stalled job market and some operators really nervous even if a bridge collapses in Baltimore. 
     

    I am also seeing British banks with 80pc of their loan book in mortgages. They’ve got all their eggs in the housing market. Will they survive a 30%pc fall and thousands of repo?

     

    https://www.msn.com/en-gb/money/other/inflation-could-hit-zero-within-months-defying-bank-of-england-forecasts-city-economists-say/ar-BB1l774u?ocid=hpmsn&cvid=f5722887aa98423a8ebf31fceaab6d62&ei=60

    Tried to arrange a viewing today - first time in nearly 6 years

    in House prices and the economy

    Posted

    38 minutes ago, Sackboii said:

    There always are other houses, and an offer was put in on one just in the last 30 mins. We'll see, drum roll..... 😬

     

    Meanwhile, the house covered above, who rejected our 6-ish% below asking price offer is still on the market. 🙄

     

     

    Let them worry and lose sleep over whether they did the right thing.

    In their market there' only one house (theirs) whereas there's many in yours and more coming on every week.

    Probable inflationary black swan event has occurred - bridge disaster

    in House prices and the economy

    Posted

    7 minutes ago, Sackboii said:

    Yes. At school when I studied French I don't recall ever being told why some things were masculine and others were feminine, other than "they just are..". A bridge is a bloke in French too.

    But have all these been blurred now we live in a PC world of needing to use the correct pronouns and people identifying as something specific ? What, for example, would a bloke who identifies as a bridge be referred to as in German ?

     

    Das Nutter

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