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“The ONS Wealth and Assets Survey also provides an interesting insight into the distribution of asset holdings. In the latest survey, the wealthiest 10% of households held around 45% of total household wealth, 47% of private pension wealth, 39% of net property wealth and 66% of other financial wealth. “By contrast, the lower 50% of households held less than 10% of total wealth, property wealth and private pension wealth, and just 2% of other financial wealth (see chart below).”

 

No self awareness.  Nationwide play a role in this transfer in wealth.

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1 hour ago, Wayward said:

“The ONS Wealth and Assets Survey also provides an interesting insight into the distribution of asset holdings. In the latest survey, the wealthiest 10% of households held around 45% of total household wealth, 47% of private pension wealth, 39% of net property wealth and 66% of other financial wealth. “By contrast, the lower 50% of households held less than 10% of total wealth, property wealth and private pension wealth, and just 2% of other financial wealth (see chart below).”

 

No self awareness.  Nationwide play a role in this transfer in wealth.

Misses the elephant in the room.

Wealth, mainly in the form of house equity, is concentrated - and I was going to say over 50s - in the over 60s now.

Rougn n ready demographics - 

Average 60yo has a ~30% chance of dying in the next 10 years.

Average 70yo has a ~50% chance of dying in the next 10 years.

Average 80yo ha a ~90% chance of dying in the next 10 years.

A lot of towns and regions are going to have a really hard time clearing probates.

Huge issue with housing, esp where IO BTL has seen what would have been 30-40yos housing equity handed to the bank as interest, with the LL skimming £100/m.

No EA is talking about a 30-40yo Last Time Buyer.

 

 

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Up £195 for the month. You can't even have a night out in Burnley for that.

Headline should read house prices still completely unaffordable for the vast majority of full time workers and yet university students are more interested in Greta than their hopeless futures.

PS - thanks for posting rantnrave sir.

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  • 417 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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