Jump to content
House Price Crash Forum
Sign in to follow this  
duffbear

Evening Standard - Resounding Silence On Ubs Report

Recommended Posts

If ever proof was needed on the ES's vested interest in propping up HPI: nada yup NADA on the UBS report that puts London at the top of the bubble (after HK), with a 'substantial' crash imminent .

Surely this verges on the criminal?

Share this post


Link to post
Share on other sites

It's not just the Evening Standard. Most newspapers are reluctant to print anything that may upset the HPI apple cart.

The Evening Standard is just property pumping free kitty tray liner, there is a very good reason it , and other papers like it, have to be given away free!

Share this post


Link to post
Share on other sites

When the ES starts to have Opinion articles about the "smart money should get out quick" then we'll know the crash is on, as they'll be about 6-12months too late and state the bleeding obvious. Until then, it's only a sop if they print anything. They still run a Property Section espousing the benefits of 1/3 or 1/4 share ownership in Barking and other lovely des res parts of the city, to the average Joe and Jane...to get on the property ladder. 25% of a 500K debt. They should be up in court for this encouragement.

Share this post


Link to post
Share on other sites

I wonder if she ever bought a house. Must be the thousandth time I've seen this stock photo, but the first time I noticed the giraffe.

estateagent2201a.jpg

Subliminal "how much! You're havin a giraffe!"

Share this post


Link to post
Share on other sites

But look how they play it down.

UBS Group AG ranked the capital alongside Hong Kong as places where real estate was beginning to look overvalued.

No, they didn't say 'it was beginning to look overvalued' they said that it was a bubble risk!

http://ftalphaville.ft.com/2015/10/29/2143422/this-is-nuts-whens-the-crash-29/

Share this post


Link to post
Share on other sites

I wonder if she ever bought a house. Must be the thousandth time I've seen this stock photo, but the first time I noticed the giraffe.

estateagent2201a.jpg

What about the chameleon?

I wonder how old that photo is as the particular design of that pram was superseded in 2008.

Share this post


Link to post
Share on other sites

My favourite bit from the Indy article:

"London rated 1.88 on the bubble index. The report said that between 1985 and 2009, whenever the index exceeded 1.0 a real price correction of on average 30 per cent began within three years 95 per cent of the time."

Share this post


Link to post
Share on other sites

There was an article on BBC London news and ITV news. One of them (can't remember which) was interviewing a restauranteur in Central London who was saying it was getting harder and harder to find staff as it wasn't worth their while to trek in from Zone 5 for a minimum wage job once they had paid commuting fees. Obviously it's starting to seep into the media consciousness.

Share this post


Link to post
Share on other sites

My favourite bit from the Indy article:

"London rated 1.88 on the bubble index. The report said that between 1985 and 2009, whenever the index exceeded 1.0 a real price correction of on average 30 per cent began within three years 95 per cent of the time."

That'll make London house prices an average of £350k...where do I sign?

Share this post


Link to post
Share on other sites

There was an article on BBC London news and ITV news. One of them (can't remember which) was interviewing a restauranteur in Central London who was saying it was getting harder and harder to find staff as it wasn't worth their while to trek in from Zone 5 for a minimum wage job once they had paid commuting fees. Obviously it's starting to seep into the media consciousness.

Bar students living at home in London (or well off retirees doing a p/t job), I have no idea how people can live there on a minimum wage..

Share this post


Link to post
Share on other sites

Very bearish reports in the past few days both from

Deutsche Bank and UBS

With a stagnant world economy and rock bottom interest rates money has been chasing around global asset classes seeking to protect is value. The problem has been that each commodity bubble has shown an increasing propensity to pop. In the case of London property the seeds of its success will also be is undoing. The sheer cost of property is beginning to make it impossible to live and work there even for the most desperate shed dwelling immigrant. When a market ends up being largely driven by speculators buying and selling to each other rather than because they want to use the asset for its real economic purpose then the end can not be far away.

One thing I think is interesting in geopolitical terms is that the U.S. government now regards the UK as a bit of a rogue nation after Cameron and Osbornes recent love in with the Chinese President Xi. British politicians don't seem to realise how utterly they are at the mercy of the Feds monetary policy. If the U.S. wanted to put us in our place and take down a load of Asian money in the process what better way than to pull that interest rate trigger. It will be bang and the UK property market is dead.

Edited by stormymonday_2011

Share this post


Link to post
Share on other sites

There was an article on BBC London news and ITV news. One of them (can't remember which) was interviewing a restauranteur in Central London who was saying it was getting harder and harder to find staff as it wasn't worth their while to trek in from Zone 5 for a minimum wage job once they had paid commuting fees. Obviously it's starting to seep into the media consciousness.

We clearly need a new govt initiative - call it 'help to pleb' so the servant classes can afford to continue to serve Boris and his chums in cheeky downtown London eateries.

Share this post


Link to post
Share on other sites

If the U.S. wanted to put us in our place and take down a load of Asian money in the process what better way than to pull that interest rate trigger. It will be bang and the UK property market is dead.

In military geopolitical terms I suspect they favour the current UK govt over Corbyn, so they might avoid that action until labour put up a convincing centre left alternative

Edited by Si1

Share this post


Link to post
Share on other sites

Very bearish reports in the past few days both from

Deutsche Bank and UBS

With a stagnant world economy and rock bottom interest rates money has been chasing around global asset classes seeking to protect is value. The problem has been that each commodity bubble has shown an increasing propensity to pop. In the case of London property the seeds of its success will also be is undoing. The sheer cost of property is beginning to make it impossible to live and work there even for the most desperate shed dwelling immigrant. When a market ends up being largely driven by speculators buying and selling to each other rather than because they want to use the asset for its real economic purpose then the end can not be far away.

One thing I think is interesting in geopolitical terms is that the U.S. government now regards the UK as a bit of a rogue nation after Cameron and Osbornes recent love in with the Chinese President Xi. British politicians don't seem to realise how utterly they are at the mercy of the Feds monetary policy. If the U.S. wanted to put us in our place and take down a load of Asian money in the process what better way than to pull that interest rate trigger. It will be bang and the UK property market is dead.

Why? There were loads of people paying much higher interest rates before 2007. How would it be different now?

Share this post


Link to post
Share on other sites

Bar students living at home in London (or well off retirees doing a p/t job), I have no idea how people can live there on a minimum wage..

Tax credits?

Share this post


Link to post
Share on other sites

Why? There were loads of people paying much higher interest rates before 2007. How would it be different now?

All the new debt has been bought by people who have never seen "normal" rates.

The last rate rise was before IPhones even existed, it's going to be a shock.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • The Prime Minister stated that there were three Brexit options available to the UK:   59 members have voted

    1. 1. Which of the Prime Minister's options would you choose?


      • Leave with the negotiated deal
      • Remain
      • Leave with no deal

    Please sign in or register to vote in this poll. View topic


×

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.