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TheCountOfNowhere

Are TPTB preparing for a house price crash

Are TPTB preparing for a house price crash ?  

31 members have voted

  1. 1. Are TPTB preparing for a house price crash ?

    • Yes
      14
    • No
      10
    • Who cares i'm off.
      7


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Well, I never thought I'd see the day when a House Price prop would be scarpped, but it seems that HTB is being withdrawn as planned.

HTB being the thing that guarantees 20/40% of the banks looses should prices collapse ( what mug signed us up for that ).

http://www.telegraph.co.uk/news/2016/09/29/philip-hammond-announces-end-of-george-osbornes-flagship-help-to/

Also, in the news this week is the Daily Mails scathing attach on Mr Carnage

http://www.dailymail.co.uk/debate/article-3805029/PETER-OBORNE-s-time-Mr-Carney-quit-Bank-England.html

" The appointment of Mark Carney, a politically ambitious Canadian"

" He was also the personal appointment of Chancellor George Osborne"

" Right from the start there was a giant question mark about where Mark Carney's loyalty lay."

" Mr Carney has since said the moves – which have clobbered savers and pension funds – have helped the economy to recover from the shock of the Brexit vote."

( bear in mind what Osborne says below ).

" ‘It is appalling and I think the sooner he stands down from the governorship, the better.’"

"‘That has permanently damaged his credibility as Governor of the Bank of England"

 

It feels like someone is being stitched up and about to be a scapegoat.  The first time I read that article I am sure "goldman sachs" was mentionecd !!!

Someone's got it in for him...

http://www.dailymail.co.uk/news/article-3802935/Disgraceful-Bank-England-chief-Mark-Carney-quit-fuelling-Brexit-fears-claims-ex-Chancellor-Lord-Nigel-Lawson.html

" Lord Lawson called on Mark Carney to stand down as Governor of the Bank of England last night after his ‘disgraceful’ conduct over Brexit"

" The Bank cut interest rates from 0.5 per cent to a new low of 0.25 per cent last month and launched a fresh round of money printing."

( not even bothered to call it QE any more !!! )

http://www.dailymail.co.uk/news/article-3793104/It-s-small-change-Bank-England-governor-Mark-Carney-sparks-outrage-saying-penny-SCRAPPED-doesn-t-them.html

"Mark Carney has sparked outrage by suggesting that the penny - which has been in use for more than 1,200 years - should be scrapped."

 

Then take your pick of bubble storys this week.

https://www.theguardian.com/money/2016/sep/21/prime-london-property-prices-fall-9pc-this-year-savills

http://www.bloomberg.com/news/articles/2016-09-27/brexit-may-spark-substantial-london-home-correction-ubs-says

http://www.telegraph.co.uk/property/house-prices/revealed-the-city-with-a-bigger-property-bubble-than-london/

https://www.theguardian.com/business/2016/sep/27/london-second-most-over-valued-property-market-in-the-world-says-ubs

http://www.standard.co.uk/news/london/harrods-fine-wine-basement-set-to-make-way-for-new-restaurant-a3354791.html

 

And then there is the Osborne QE makes the rich richer classic this week ( why's he not in prison I ask ).

http://www.bbc.co.uk/news/business-37484403

Try justifying more QE, err, I mean, money printing after that baby !!!

Lets not forget labout

http://www.newstatesman.com/politics/staggers/2016/09/jeremy-corbyn-tell-labour-prepare-2017-general-election

 

"Prepare for a 2017 general election"

"The newly re-elected Labour leader will say: "Whatever the Prime Minister says about snap elections, there is every chance that Theresa May will cut and run for an early election. "

He's muste be expecting some big chage soon. 

Broons biggest mistake was not calling a GE early enough.

 

It's all too convenient.

Some of the post BrExit figures must be in.

Someone knows something everyone else doesnt

 

Either way, the narrative has changed.  Money printing/bubbles/crashes/QE bad/Foreign Govenor being caught out time and time again

 

Edited by TheCountOfNowhere

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HTB2 was due to end, if they ended HTB1 then it woud signal a shift in thinking. 0.25 and FFL on steroids tell me they'll do whatever they can to stop their assets losing millions.

If i see prices coming down then i'll accept somethings happening until then its business as usual.

Look at the link i posted for how much prime central London property has gone up in 18 years, £200k flats now £3million, thats a lot of VI money to vanish if the market was allowed to crash.

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24 minutes ago, Crumbless said:

HTB2 was due to end, if they ended HTB1 then it woud signal a shift in thinking. 0.25 and FFL on steroids tell me they'll do whatever they can to stop their assets losing millions.

If i see prices coming down then i'll accept somethings happening until then its business as usual.

Look at the link i posted for how much prime central London property has gone up in 18 years, £200k flats now £3million, thats a lot of VI money to vanish if the market was allowed to crash.

The VI money is long gone.

 

many people think it totally normal for a 200K to go up £2.8M in 18 years.

But the same people dont think it can go down £2M.

 

How very odd.

Edited by TheCountOfNowhere

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But Sharfik was all over the funny papers just yesterday, almost promising another rate cut before the Autumn budget!

Nothing I've read leads me to believe TPTB are preparing for a crash. If anything the bastards are going out of their way to grease the path into the UK for another 150 million Chinese.

Quote

Predictions that a new wave of investment from mainland China is on the horizon will stir further debate over the measures British politicians might use to protect local home buyers.

The anticipated influx of money from mainland China into the UK is set to affect not only London – historically the focus for much east Asian investment – but cities such as Manchester, Liverpool and Birmingham, to which more of the investment is now heading.

“Those seem to be the hotspots,” says Neil Jensen, the Hong Kong-based regional director for London estate agent Fraser & Co, who promotes developments in the capital to Asian investors.

A particular spotlight has been shining on Manchester since last October, when Chinese president Xi Jinping toured the city to lend his support to George Osborne’s “northern powerhouse” project during his first state visit to Britain.

Jensen says Fraser & Co, founded in 1995, has traditionally specialised in London properties which it markets internationally through offices in Dubai and Hong Kong. Now, however, he is preparing to offer his clients their first major investment opportunity outside the capital, in a project specifically designed to attract Chinese money.

Called “New Chinatown” – or Xinhua Bu (New China Wharf) in Mandarin – the £200m venture in Liverpool describes itself as “one of the most important and exciting developments in the UK today” and promises to be “one of the UK’s most luxurious and desirable residential destinations”.

The development’s website boasts: “It is the burgeoning energy and dynamism of modern China transplanted into the heart of an historic World Heritage City.” Adding: “This is an historic moment … This is a unique investment opportunity.

“Underpinning the whole masterplan is the idea and motif of the awakening dragon – a powerful symbol of China’s resurgence and status as a new global power.”

Jensen says improving transport infrastructure in the northwest and relatively low prices meant New Chinatown – where two-bedroom duplex penthouses are on offer for up to £546,427 and ordinary one-bedroom flats from £119,211 – would be a hit with Chinese investors.

https://www.theguardian.com/cities/2016/sep/29/inside-china-passion-foreign-property-investment-uk

 

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11 minutes ago, zugzwang said:

But Sharfik was all over the funny papers just yesterday, almost promising another rate cut before the Autumn budget!

Nothing I've read leads me to believe TPTB are preparing for a crash. If anything the bastards are going out of their way to grease the path into the UK for another 150 million Chinese.

 

150M Chinese...people of £s ?

£150M will buy abour 300 houses :lol:

150 chinese will cause a civil war.

I never said the government were preparing for a crash I said TPTB, a totaly different think. 

 

Brown etc didnt see the crash coming why do you think the tories will ?

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