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rantnrave

Average Earnings Growth At New Lows

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Data out today - haven't seen this posted elsewhere?

http://www.lukeadevlin.com/2013/04/17/uk-workers-getting-squeezed-more-and-more-average/

UK workers getting squeezed more and more. Average earnings growth ex-bonuses falls to 1%, the lowest in over a decade.

So much for TPTB's plans of stabilising property prices while wages catch up.

Forex Factory quoting a figure of 0.8%, ie a full 2% below inflation.

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Data out today - haven't seen this posted elsewhere?

So much for TPTB's plans of stabilising property prices while wages catch up.

Forex Factory quoting a figure of 0.8%, ie a full 2% below inflation.

Is this nominal or inflation adjusted?-presumably the former in which case real incomes falling which should support continued high house prices...wait..might be a flaw in that arguement!

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Is this nominal or inflation adjusted?-presumably the former in which case real incomes falling which should support continued high house prices...wait..might be a flaw in that arguement!

Whilst houses continue to be hoovered up by the speculators and debt junkies, real wage levels matter not a jot. My mother works for a national builder, and covers two local sites. Last month 14 new houses were cash bought by ONE buyer...

This is why relaxing all the planing laws wouldn't be the magic bullet many on here are hoping for. It would be a build/buy to let'ers paradise, as 90%+ of those who just want somewhere to live (the horror, the horror) continue to get priced out thanks to real term wage deflation, and competition from investors enjoying near 0 interest rates.

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Whilst houses continue to be hoovered up by the speculators and debt junkies, real wage levels matter not a jot. My mother works for a national builder, and covers two local sites. Last month 14 new houses were cash bought by ONE buyer...

This is why relaxing all the planing laws wouldn't be the magic bullet many on here are hoping for. It would be a build/buy to let'ers paradise, as 90%+ of those who just want somewhere to live (the horror, the horror) continue to get priced out thanks to real term wage deflation, and competition from investors enjoying near 0 interest rates.

But if enough houses get built, BTL suddenly becomes extremely unprofitable..

Although my preference would be something like:

'Each council is obliged to provide 1 building plot with planning permission per 100 population (at a fixed, low, cost just covering basic services (road, electric, sewage, water, gas). This low cost only applies to people who are building a house that they will use as their primary residence for the next 5 years.'

Of course, allowing people to build their own homes essentially at cost would be a terrible, terrible distortion of TEH SACREDS MARKEHT.

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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