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Sonic the Hedge Fund

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About Sonic the Hedge Fund

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  1. Sonic the Hedge Fund

    Is it the time? Or completely the wrong time?

    This We are already well past the point where ever higher house prices became a political liability. The Tory attack on BTL is arguably a political calculation - priced out & tenants outnumber landlords by a large margin, so there are simply more potential votes by favoring the former. The election result can only push all of the main parties even further in that direction.
  2. Sonic the Hedge Fund

    Rent Price Crash !

    Thanks for that FH - this one change totaly tips the supply/demand balance in certain sectors: 25-35 age will be motivated to stay at home; or co-habit so they can get their 'own' place together - reduces demand for single ocupier homes Landlords will be motivated to convert larger houses to HMO (because rents for larger houses have been squeezed most by 30th percentile rule, while demand for single rooms for 25-35 will grow) - this very quickly increases supply of housing units because one house can become 3 or 4 homes in just a few weeks Incidently having seen a number of homes ocupied by 25-35 year old LHA claiments (think 8 tiny deathtrap flats jammed into a 3 story town house with absolutley no regard for safety, sanitation or buliding regs) I would say many would be better off in a properly regulated HMO! Of course their existing scumlords are now screwed....couldn't happen to a nicer bunch
  3. Sonic the Hedge Fund

    Rent Price Crash !

    West Herts, I only saw prices going up too....until yesterday!
  4. Sonic the Hedge Fund

    Rent Price Crash !

    Just noticed on Rightmove rents in my area have PLUMETED since new year (been checking recently cos LL is pushing for an increase) Before Christmas could find no decent 3 beds in my area on for under £1200PCM, but now they start at £825, even very nice four bedders on for just a grand....loads of big reductions and cheap new listings showing on the Bee So what's happened since yesterday? LHA was cut! In my area the LHA cut on 3&4 bedders seems to amount to about 20% in cash terms. Wishing my Landlord a happy new year, and good luck with that rent hike....
  5. Sonic the Hedge Fund

    Property Relocation Ladder

    Apologies if already posted but I caught this little gem on late night cable TV It's a hilarious parody of property shows, tongue in cheekily extolling the 'virtues' of various sh1tholes
  6. Sonic the Hedge Fund

    Price Per Square Metre

    West Herts, 211m Buy £1421 Rent £5 PCM
  7. Sonic the Hedge Fund

    Shanghai To Hike Minimum Wage By 10%

    Fair points - but these are western retailer domestic business issues not producer inputs As per you last point the selling price is what the market will bear; more influenced by the state of domestic demand than offshore production costs. What's likely given recent trends is that the step rise in cost of essential commodities (driven by Chinese inflation) will squeeze discretionary spending and hence retailers will have pressures from both ends of the equation. The far east margin multiplier is coming to an end it seems. For a country with an economy based on Housing and Shopping I guess we are looking pretty f*cked
  8. Sonic the Hedge Fund

    Halifax Join Frenzied Removal Of Cheap Loans

    I agree People seem to have forgotten about the enormous post-securitisation funding gap that was temporarily filled by SLS that cannot now be renewed due to rising inflation The BoE have painted themselves into a corner
  9. Sonic the Hedge Fund

    Shanghai To Hike Minimum Wage By 10%

    Surely the impact should be minimal, since the producer's wage cost is such a minuscule input to the retail price in a western shop? I guess the figures vary, but for example a 10% rise in a 10% price component (producer wages) is a mere 1% on the overall price, and TBH I would be surprised if the producer's wages were as much as 10% of that
  10. Sonic the Hedge Fund

    Bbc: Mortgage Lending At Nine-Year Low

    If this is the impact of mere expectation of rate rises, just imagine the carnage an actual rate rise will bring..... ....proof, if it's needed that ultra low rates have propped up an unsustainable market.
  11. Sonic the Hedge Fund

    Who Works In Manufacturing?

    The problem is welfare not pay levels A welfare system that started out as a 'safety net' based on humanitarian goals has become 'net equality' based on socialist ideals Welfare equalisation has removed much of the incentive to train and work hard; those who prosper in this new world do so for the most part by trampling on others (e.g. bankers). Developing economies such as China and India don't have this problem (because they don't have any welfare) hence they are building a hugely skilled and motivated workforce. This book explains the problem rather well.
  12. Sonic the Hedge Fund

    Halifax Join Frenzied Removal Of Cheap Loans

    IIRC mortgage approvals are offers, not completions, so I wonder how many previously agreed sales will fall through as a result of withdrawn mortgage deals? e.g. buyer has to pull out because they can no longer get the mortgage deal they expected Lowest ever approvals minus plenty of deals falling through must equal the worst possible conditions on record for the property market
  13. By contrast as renter scum we have thrice been able to move rapidly to secure the schools of choice for our two children (primary and secondary) We live in a delightful location (scenic but very close to schools and all amenities) in a house at least twice the size of that we previously owned, with a spare room where previously the children had to share, not to mention spare cash for luxuries such as holidays. So I think it's fair to say that our accidental STR has significantly enhanced my offspring's childhood experience and future prospects Family and friends often comment on how comfortable a situation we have, then fail to see the irony in following this by asking when we will settle down by buying a house. You can't reason with such illogical bigots - my wife's friend recently asked why we were 'wasting money buying new carpets for our landlord'. I pointed out that we couldn't afford new carpets when we had a mortgage. I think people just confuse the relative utility of possession and ownership - many now see leasing a car as a smart option (against buying) but seem unable to extend this logic to housing
  14. Sonic the Hedge Fund

    Shops - The Quality Of Products

    Makes perfect sense for the retailer, note the phrase 'product cycle' King Gilette (inventor of the disposable razor) said (I paraprase) 'if you make a product that wears out quickly, then the customer has to buy another, and another'
  15. Not this month April HB cuts will be the kicker IMO

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