BudoBear Posted June 13, 2016 Share Posted June 13, 2016 Toby Lloyd who used to lecture at the LSE gives an interesting talk on the current state of things. This has been uploaded to youtube by financeandliberty.com Lots of other interesting interviews and info to be found via financeandliberty.com bB Quote Link to comment Share on other sites More sharing options...
BudoBear Posted June 13, 2016 Author Share Posted June 13, 2016 ooh, and forgot to mention - he mentions HPC.co.uk as one of his favourite websites Quote Link to comment Share on other sites More sharing options...
ChewingGrass Posted June 13, 2016 Share Posted June 13, 2016 ooh, and forgot to mention - he mentions HPC.co.uk as one of his favourite websites I wonder if he posts then? Quote Link to comment Share on other sites More sharing options...
BudoBear Posted June 13, 2016 Author Share Posted June 13, 2016 I wonder if he posts then? I wouldn't be at all surprised if he's a regular... Will the real Toby Lloyd please stand up? ;¬) Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 13, 2016 Share Posted June 13, 2016 I'm Toby Lloyd Quote Link to comment Share on other sites More sharing options...
thewig Posted June 13, 2016 Share Posted June 13, 2016 I'm Toby Lloyd LLoydie!! You SLAAAAAAG! Quote Link to comment Share on other sites More sharing options...
Si1 Posted June 13, 2016 Share Posted June 13, 2016 Smashing talk Interesting where he observes that the top and the bottom of the housing wealth distribution are heavily subsidised but the middle are punished. That's very indicative of Cameron's neo feudal economic system. Peasants. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 13, 2016 Share Posted June 13, 2016 LLoydie!! You SLAAAAAAG! Is nobody doing I'm Spartacus these days? Quote Link to comment Share on other sites More sharing options...
dgul Posted June 13, 2016 Share Posted June 13, 2016 Is nobody doing I'm Spartacus these days? I'm still too busy being Will Self. Quote Link to comment Share on other sites More sharing options...
BudoBear Posted June 13, 2016 Author Share Posted June 13, 2016 Smashing talk Interesting where he observes that the top and the bottom of the housing wealth distribution are heavily subsidised but the middle are punished. That's very indicative of Cameron's neo feudal economic system. Peasants. Yes, I found the nod to feudalism most poignant. Quote Link to comment Share on other sites More sharing options...
thewig Posted June 13, 2016 Share Posted June 13, 2016 Is nobody doing I'm Spartacus these days? I wanted to cut this one off at source. Quote Link to comment Share on other sites More sharing options...
Snafu Posted June 13, 2016 Share Posted June 13, 2016 That video is pretty good. Quote Link to comment Share on other sites More sharing options...
BudoBear Posted June 13, 2016 Author Share Posted June 13, 2016 Is nobody doing I'm Spartacus these days? I'm John Malkovich. Quote Link to comment Share on other sites More sharing options...
Venger Posted June 13, 2016 Share Posted June 13, 2016 I'm Toby Lloyd I read that before watching the video, and he refers to the same graph you've posted up many times; @4:30. 'Ripped off one of my favourite websites, housepricecrash' Quote Link to comment Share on other sites More sharing options...
BudoBear Posted June 14, 2016 Author Share Posted June 14, 2016 I read that before watching the video, and he refers to the same graph you've posted up many times; @4:30. 'Ripped off one of my favourite websites, housepricecrash' good to see the 'lifecycle of a bubble' graph getting some extra mileage. I've used that on many an occassion to try and enlighten folk before they mortgage themselves to the hilt. (despite that, I'm sure they still think I'm a w-anker, as they can not see that the crash never happened because of govt/bank/fascist intervention). Ho-hum, it's still a good graph ;¬) Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 14, 2016 Share Posted June 14, 2016 I wanted to cut this one off at source. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 14, 2016 Share Posted June 14, 2016 I read that before watching the video, and he refers to the same graph you've posted up many times; @4:30. 'Ripped off one of my favourite websites, housepricecrash' He needs to use the adjusted one too Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 14, 2016 Share Posted June 14, 2016 I want to know who the odious Kirsty Allsop is posting under She must have about 30 accounts. Quote Link to comment Share on other sites More sharing options...
doahh Posted June 14, 2016 Share Posted June 14, 2016 (edited) Interesting that he thinks we are in the bull trap of graph that Count (interesting update by the way) posted above. I thought we were there in 2012 and would now think that we are nearing the top of the recovery now. I am very much looking forward to fear and will love the sound of DESPAIR! Edited June 14, 2016 by doahh Quote Link to comment Share on other sites More sharing options...
renting til I die Posted June 14, 2016 Share Posted June 14, 2016 ooh, and forgot to mention - he mentions HPC.co.uk as one of his favourite websites Own up, who are you posting as Toby! By the way, if you are reading, I enjoyed the talk. Quote Link to comment Share on other sites More sharing options...
eric pebble Posted June 14, 2016 Share Posted June 14, 2016 Toby Lloyd who used to lecture at the LSE gives an interesting talk on the current state of things. This has been uploaded to youtube by financeandliberty.com Lots of other interesting interviews and info to be found via financeandliberty.com bB Excellent. He's hit the nail on the head - more or less. Amazing how people just can't get all this -- and CHANGE it.... Vested Interests will kill their babies to stop that, of course... Quote Link to comment Share on other sites More sharing options...
Venger Posted June 14, 2016 Share Posted June 14, 2016 good to see the 'lifecycle of a bubble' graph getting some extra mileage. I've used that on many an occassion to try and enlighten folk before they mortgage themselves to the hilt. (despite that, I'm sure they still think I'm a w-anker, as they can not see that the crash never happened because of govt/bank/fascist intervention). Ho-hum, it's still a good graph ;¬) BTW I enjoyed the video. Thanks for thread to it. Very very good. Being picky the only point I slightly disagreed upon was the need for so much new housing (although want more, and preferably more indy developers and selfbuilds). It's just my view demand feeds upon itself, and the actual reality in a non-boom market may be different, where we could get a different view about demand. And of course so many houses owned by BTLers. Also HPI+++++ means many holding on to homes larger than they need (Sunday Times - Economics Editor). Some hpc shakeup and more oldies returning to Spain /Portugal holiday homes at value, perhaps, with more working upsizers in those nice houses in London (rather than in tiny rental flats). Demand feeds on itself, in malinvested ways, including perhaps all the foreign buyers each year into London (and newbuilds). Sunday, June 08, 2014 Bank grapples with a strange kind of housing boom Posted by David Smith at 09:00 AM [...]Why is it happening? Older people looking to downsize appear reluctant to do so, perhaps because the returns they can get on the savings they unlock are so abysmal, and cannot compare with the strongly rising price of the property they own. Instead of being a source of properties for sale, they have become the so-called “bed blockers” of the housing market. http://www.economics...log/002028.html Maybe not these couples, who already have mad gainz investments/pensions as well as outright ownership houses ballooned via HPI, but HPC would shake out others who may look to sell (who only have mad-gainz HPI without the final salary mega-pots) His home is worth around £1.6m, his pension pot £1.8m and he has put aside around £750,000 in other savings and investments. http://www.telegraph.co.uk/finance/personalfinance/investing/shares/12138512/We-put-500000-into-Aim-shares-to-avoid-inheritance-tax.html He already has £38,000 a year from a final salary National Grid pension he's been drawing since he was 50. He has an annuity worth £5,600 a year, paid by Canada Life, plus his basic state pension, giving him pension income of £52,000 a year. John is in a very comfortable position. But like many others who have not been super-high earners in the past, but who have very generous pension arrangements, he probably has not worried about the pension lifetime allowance (LTA). The good news is that John is probably just under this year's and next year's allowance of £1.25m. The couple would like to go on long-haul trips to Australia and China. They own a home worth £650,000 and are mortgage-free. http://www.telegraph.co.uk/finance/personalfinance/special-reports/11524230/Tax-bombshell-for-66-year-old-about-to-retire-with-a-50000-a-year-pension.html (Great update chart Count). Quote Link to comment Share on other sites More sharing options...
Bland Unsight Posted June 15, 2016 Share Posted June 15, 2016 If you want to be picky, you need to clock that this video will be five years old in October. Toby Lloyd, from housing charity Shelter speaking at Positive Money conference in October 2011. I think people (including me FWIW) continually underestimate the extent of financialisation and the extent to which debacle in finance is resistant to resolution. I certainly thought that it would inevitably unwind without undue delay just because it is obviously for c**ts, and I thought that five years ago. Whilst Mervyn King repeatedly expressed surprise at why people weren't angrier about the City's failure to deliver on its promises of risk transfer which were the justification for the oodles of lucre it scooped out of our pockets, I think that King's surprise misses the mark. People were hardly angry at all and they certainly didn't stay angry. Not really a surprise when the real fraudsters who out and out knew they were lying were the borrowers buying houses with self-cert and fast track mortgages, (the tw@ts who are now the 'mortgage prisoners'). Quote Link to comment Share on other sites More sharing options...
Venger Posted June 15, 2016 Share Posted June 15, 2016 Sigh. 2010. Tick tock.. freewill, choice. Looks like he's still at Shelter though. Last 2 blog entries, both June 2016... someone else tipping into his 'more homes' argument, as I did earlier in this thread (although still want more homes). Although agree with a lot of his views from 2010 video. So it was a little galling on several fronts to read yesterday’s new report from Civitas: Restoring a Nation of Homeownership, by Peter Saunders, which robustly rejects the idea that building more homes will improve affordability. My first problem with this report is just how well written and argued it is: if people are going to challenge our hard-won consensus, I’d prefer it if they would be less eloquent and well informed about it. But it must be said – Saunders is quite simply right that building more homes on its own will not bring the price of homes down to a level ordinary families can afford. This is a terrible truth that many – myself included – are reluctant to admit in public, for fear that it will undermine the argument for more homes. Even if we do start building the number of homes we need, house prices will stay high unless something is done about the effective demand for those homes. (‘Effective demand’ is economics-speak for the amount of money available and willing to be spent – it shouldn’t be confused with need.) blogs http://blog.shelter.org.uk/author/toby_lloyd/ At least got moves against the BTLers coming in. Markets move at the margin. Poof! Gone in a flash of aggravated neurons. Quote Link to comment Share on other sites More sharing options...
BudoBear Posted June 15, 2016 Author Share Posted June 15, 2016 (edited) He needs to use the adjusted one too Excellent ammendment to the graph Count. Is it possible to get this added to the 'Graphs' section of the site? I long for the day when we can add a 'told you so' phase ;¬) bB Edited June 15, 2016 by BudoBear Quote Link to comment Share on other sites More sharing options...
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