Jump to content
House Price Crash Forum
eric pebble

Bearish Stuff On Bbc News This Morning

Recommended Posts

Did anyone see this morning - sometime between 8.45-9am - a guy on the Business report on the BBC News programme -- saying oil and metals crash - meaning high end London market is now very, very quiet.... & will affect whole London property "market"....... I am trying to see if I can get this on a video clip -- anyone know how to do this??

Great bearish & o m i n o u s stuff...!! :o:D Lovely. Bring it on. Just cannot wait to see the look on the faces of all those smug btl types ..... :P

Edited by eric pebble

Share this post


Link to post
Share on other sites

drip, drip, drip.

the powers that be must know London is toast already.

if we know it, they know it. it's been obvious for almost a year now.

there people are not stupid.

desperate, greedy, corrupt, nasty, self serving perhaps, but not stupid.

Share this post


Link to post
Share on other sites

UK pay growth in post-election stall.

Rate rise? :lol:

Total pay growth rose by just 2.4pc in the three months to October, from 3pc in the three months to September. This is weaker than analyst expectations and represents the slowest earnings growth this year.

Regular pay, which strips out bonus payments, also fell short of expectations. Average weekly earnings rose by just 2pc, compared with 2.4pc in September.

The pound fell against the dollar and euro on Wednesday morning. Experts said sterling could dip back below the psychologically important $1.50 level if the US Federal Reserve raises interest rates for the first time in a decade later today.

http://www.telegraph.co.uk/finance/economics/12053072/UK-unemployment-wages-pay-slowdown-jobs-employment.html

Share this post


Link to post
Share on other sites

thos pre election pay rises were all public sector and service sector rises.

they were never sustainable and tiers demise heralds the end of the London mega bubble and some actual austerity

Share this post


Link to post
Share on other sites

Oil sinking again this morning. Some hope given by OPEC (minus the Saudis) panicking into a production cut earlier this week as lower grade crude fetches as little as $22 a barrel. But that rally was short lived.

The drift continues.......

http://uk.investing.com/commodities/brent-oil

If Euro rallies above 1.11 v US$ (already up from 1.05 to 1.09) then the rally could be sizeable up to c 1.20. Oil and commodites would likely soar in 2016.

Share this post


Link to post
Share on other sites

Channel 4 news last night "Buy to let landlords face tougher rules"

http://www.channel4.com/news/catch-up (07.48 minute long video clip)

Good viewing, prime time TV, and Channel 4 really had it in for BTL. 2nd half is a studio chat between Richard Blanco http://www.richardblanco.com/ and a Renter who's "heart wasn't bleeding" for him.

Edited by Starla

Share this post


Link to post
Share on other sites

Channel 4 news last night "Buy to let landlords face tougher rules"

http://www.channel4.com/news/catch-up (07.48 minute long video clip)

Good viewing, prime time TV, and Channel 4 really had it in for BTL. 2nd half is a studio chat between Richard Blanco http://www.richardblanco.com/ and a Renter who's "heart wasn't bleeding" for him.

Going to watch the tv part later (thanks)... not got time right now.

His site... <snip>

Osborne Turns Anti-Landlord

November 30, 2015

George Osborne has unveiled another punishing tax increase for landlords in his Autumn spending review. Purchases of second homes or properties to let will be subject to a stamp duty surcharge of 3%. A £275,000 property which currently attracts stamp duty of £3,750 will now cost £12,000 in tax, according to the National Landlords Association. Inevitably this measure will hit London landlords particularly hard where the average house price is £459,906 and 3% of that is an extra £13,797. This increase is grossly unfair, landlords already pay capital gains tax (CGT) [...]

Time for some landlords to pay some CGT, and the way thinks are working out, more of them will pay higher rate of CGT, for those who get out of the market at good price anyway, for they get bumped up into higher tax bracket with the change to mortgages being allowed as an allowable expense.

Blanco if you need a reminder.

‘I love Monopoly': A large landlord talks buy-to-let

07/03/2013

Buy-to-let may be an industry buzzword, but what do landlords actually want? Richard Blanco introduces Julia Rampen to his 11 properties... and mortgages

http://www.mortgages...talks-buytolet/

I see Blanco is all Buts... (He's NLA Rep) http://www.landlords.../richard-blanco

nlx3eb.jpg

2012 http://www.thisismon...afe-houses.html

128425023__424024c.jpg

2013 http://www.thetimes....icle3796088.ece

BTL Game \o/ \o/ \o/ \o/ \o/ Landlords win 4 ever - history shows it only goes UP

117020366_BM_landlo_357965c.jpg

2014 http://www.thetimes....icle4111634.ece

richard-blanco-out-side-property.jpg

http://www.richardblanco.com/profile/

+ loads MOAR

Feb 2012: “Now’s a good time to invest,” said Richard Blanco, 45, who plans to buy a property a year to add to the 10 rental homes he already owns in East London and Nottingham. “Prices are depressed and people are struggling to get finance so there’s less competition.”

Share this post


Link to post
Share on other sites

drip, drip, drip.

the powers that be must know London is toast already.

if we know it, they know it. it's been obvious for almost a year now.

there people are not stupid.

desperate, greedy, corrupt, nasty, self serving perhaps, but not stupid.

I've heard from some big cheeses that they're SCARED SH1TLESS...... Yup -- the "Powers that Be" are absolutely SCARED SH1TLESS!!! ;):P

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

  • Recently Browsing   0 members

    No registered users viewing this page.

  • Next General Election   93 members have voted

    1. 1. When do you predict the next general election will be held?


      • 2019
      • 2020
      • 2021
      • 2022

    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.