Nationwide Nov 2017 Predictions

[zugzwang]

Looks like the Canadian *****'s come up with a plan to get the London housing market moving (upwards) again.

http://www.dailymail.co.uk/news/article-5130821/Bankers-bonus-cap-faces-axe-Brexit.html

Quote

A cap on bankers’ bonuses could be scrapped after Brexit, Mark Carney said last night.

The burden of other EU rules such as red tape on insurers and tough guidelines for small banks and building societies may also be relaxed to boost the City, the Bank of England Governor suggested.

In a move that will be cheered by finance chiefs, Mr Carney – who has been criticised for his gloom about Britain’s future outside the European Union – has laid bare opportunities to make improvements after Brexit.

Asked if there were any rules he thought could be changed, the Governor said: ‘There are things we don’t think are necessary. There are areas where we would make changes, but within the context of maintaining the overall levels of resilience.’

The cap on bankers’ bonuses, put in place after the financial crisis, has long been a bug-bear of the Square Mile.

Brussels rules mean that bonuses are limited to the same as a banker’s basic salary, or double that with special approval from shareholders.

The cap was introduced in 2014, but faced a legal challenge from Britain before the Government bowed to pressure and introduced it.

But the Bank of England has long opposed the restrictions, arguing they just drive up basic pay so lenders can continue offering vast sums to their staff.

 

[TheCountOfNowhere]

19 minutes ago, zugzwang said:

Looks like the Canadian *****'s come up with a plan to get the London housing market moving (upwards) again.

http://www.dailymail.co.uk/news/article-5130821/Bankers-bonus-cap-faces-axe-Brexit.html

 

Remove teh cap....there will be no fecking jobs in London if theyu were to go ahead with an actual BrExit.

 

10 x fec all is fec all.

[TheCountOfNowhere]

3 hours ago, maffo in oxford said:

Kidlington in Oxfordshire is taking a pasting, just look at the bungalows. What was £550K has dropped to £425k.

New train station effect in full reverse!:

https://www.zoopla.co.uk/for-sale/details/42599246?search_identifier=756a6cb8312b40a06f9d936c01370b39#RjivAViuZS0XkKBW.97

It seems as if the agents are not getting the message though, new instructions are still coming on at ridiculous asking prices!

. What was £200K  in 2010 has increased to £425k....thats more like the truth of the matter.

 

Prices have  a LONG way to collapse.

[maffo in oxford]

7 hours ago, TheCountOfNowhere said:

. What was £200K  in 2010 has increased to £425k....thats more like the truth of the matter.

 

Prices have  a LONG way to collapse.

Something like that bungalow was more like £300k asking at the last peak, they carry a downsizing boomer premium. Your typical three bed semi in the area was about £250k and ex council ones were £200k

[frederico]

7 hours ago, TheCountOfNowhere said:

. What was £200K  in 2010 has increased to £425k....thats more like the truth of the matter.

 

Prices have  a LONG way to collapse.

Absolutely 

[999house]

14 hours ago, hi5lo5 said:

https://www.nationwide.co.uk/~/media/MainSite/documents/about/house-price-index/2017/Nov_2017.pdf

• Annual house price growth stable at 2.5%
• Modest 0.1% month-on-month increase
• Limited impact from stamp duty changes

0.1. how convenient

[TheCountOfNowhere]

14 hours ago, maffo in oxford said:

Something like that bungalow was more like £300k asking at the last peak, they carry a downsizing boomer premium. Your typical three bed semi in the area was about £250k and ex council ones were £200k

300peak...was only worth 150K then.

 

Still only worth 150K now.

 

200K was generous.

[maffo in oxford]

Yes, they were pretty ridiculous. But given that the market rates will be limited by 4x household income + deposit for buyers,  and whatever £££ buy to let can makes things work out for come section 24, in Kidlington that is still likely to be £200k plus for a typical house.