Jump to content
House Price Crash Forum

Post Your Favourite Charts Here


Recommended Posts

0
HOLA441
  • Replies 1.7k
  • Created
  • Last Reply

Top Posters In This Topic

1
HOLA442
2
HOLA443
3
HOLA444
4
HOLA445
5
HOLA446
6
HOLA447

Sorry if this is a repost ..

China’s Housing Bubble

china.jpg

Canada’s Housing Bubble

Canadian-Housing-Bubble.jpg

Australia’s Housing Bubble

12_graph2.jpg

Hong Kong’s Housing Bubble

hong-kong.jpg

South Korea’s Housing Bubble

korea.jpg

Malaysia’s Housing Bubble

malaysia.jpg

The Philippines’ Housing Bubble

philippines.jpg

India’s Housing Bubble

india.jpg

Israel’s Housing Bubble

israel.jpg

Colombia’s Housing Bubble

colombia.jpg

Why Serial Asset Bubbles Are Now The New Normal (June 6, 2013)

CHS OTM

http://www.oftwominds.com/blogjun13/bubbles6-13.html

The problem is central banks have created a vast pool of credit-money seeking a return that is far larger than the pool of sound investment opportunities. In a world burdened by over-capacity in almost every sector, hot money is driven to seek the next emerging asset bubble as the only place to skim a yield. Empty flats in London, Manhattan or Shanghai, oil leases in Gabon, 10,000 sun-baked rental homes in Arizona, The Nikkei stock market, shares in U.S. utilities, bat guano futures--none of these asset bubbles make any sense in a world where credit is costly and scarce.

There are two other characteristics of this New Normal Bubble Economy:

1. Everyone who doesn't have privileged access to vast sums of money at near-zero real interest rates is left out; no bubble gravy for the debt-serfs, except for those who qualify for socialized mortgages from FHA or other federal agencies. (And the idea behind these government-backed mortgages isn't to enable serfs to gamble and win in the latest housing bubble, it's to lock them into debt-serfdom where they're making mortgage payments forever on a depreciating asset.)

2. All asset bubbles pop, destroying the phantom wealth of those holding claims on the underlying assets.

Is this a healthy economic system? No. Is it sustainable? No. Is it even capitalism? No. It's a Neofeudal Debtocracy of rentiers and debt-serfs and hot-money driven asset bubbles that are passed off as "investments" to the credulous and unwary.

One question distills the dynamics down to their essence: cui bono, to whose benefit?

hat tip ..

http://www.potw.org/archive/potw283.html

Link to comment
Share on other sites

7
HOLA448
8
HOLA449
9
HOLA4410
10
HOLA4411
  • 3 weeks later...
11
HOLA4412
  • 2 weeks later...
12
HOLA4413
13
HOLA4414
  • 2 weeks later...
14
HOLA4415
  • 3 weeks later...
15
HOLA4416
16
HOLA4417
17
HOLA4418
18
HOLA4419

An interesting set of figures describing the demographics and financial position of UK private sector landlords:

http://www.strategicsociety.org.uk/wp-content/uploads/2013/07/Understanding-Landlords.pdf

Know thy enemy and all that.

Well that's one in the eye for campervanman. I've only got to read the first page to see that three quarters of PRS landlords are aged 45-64.

#eatingtheiryoung

Link to comment
Share on other sites

19
HOLA4420

Well that's one in the eye for campervanman. I've only got to read the first page to see that three quarters of PRS landlords are aged 45-64.

#eatingtheiryoung

Another calculation: 3% of UK adults are private landlords, and 72% of private landlords only rent out one property. 3% * 72% = 2.1% of UK adults own and rent out one property. There are about 50m adults in the UK, so that would account for 50m * 2.1% = 1.05m properties. The UK housing stock is around 25m properties, so these one property landlords account for 4.2% of the UK housing stock.

About 17% of UK properties are in the private rented sector. 17% - 4.2% = about 13% of UK properties (three quarters of the entire private rented sector) are owned and rented out by 3%*18% = 0.54% of the UK adult population. That's 270k people who own 3.25m houses between them.

Link to comment
Share on other sites

20
HOLA4421

Well that's one in the eye for campervanman. I've only got to read the first page to see that three quarters of PRS landlords are aged 45-64.

#eatingtheiryoung

It actually says 73% aged 35-64, which is a somewhat bigger age spread than what you're claiming. Worth noting that the 35-44 cohort was not into landlordism in 1991, but had risen to levels comparable to those in the 45-64 by 2008.

Edited by Spork of Damocles
Link to comment
Share on other sites

21
HOLA4422

It actually says 73% aged 35-64, which is a somewhat bigger age spread than what you're claiming. Worth noting that the 35-44 cohort was not into landlordism in 1991, but had risen to levels comparable to those in the 45-64 by 2008.

I'm not claiming anything, old boy. I'm quoting the executive summary.

It may be a few days before I get to read it completely but if it is contradictory you can point it out for when I get there.

Link to comment
Share on other sites

22
HOLA4423

Another calculation: 3% of UK adults are private landlords, and 72% of private landlords only rent out one property. 3% * 72% = 2.1% of UK adults own and rent out one property. There are about 50m adults in the UK, so that would account for 50m * 2.1% = 1.05m properties. The UK housing stock is around 25m properties, so these one property landlords account for 4.2% of the UK housing stock.

About 17% of UK properties are in the private rented sector. 17% - 4.2% = about 13% of UK properties (three quarters of the entire private rented sector) are owned and rented out by 3%*18% = 0.54% of the UK adult population. That's 270k people who own 3.25m houses between them.

Amazing how small a sample can completely ****** up a market.

Link to comment
Share on other sites

23
HOLA4424
24
HOLA4425

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...

Important Information