rantnrave Posted March 31, 2021 Share Posted March 31, 2021 Monthly fall of 0.2% Quote Link to comment Share on other sites More sharing options...
hp72 Posted March 31, 2021 Share Posted March 31, 2021 Reported on LBC news this morning. An air of surprise in the voice of the newsreader 🙄 Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 31, 2021 Share Posted March 31, 2021 Tallies with what Ive been saying - banks are reluctant to lend. sicne Covid Theres a lot of people sat in chains,. waiting for finance. Most will be disappointed. And now UKs got the fall out from a load of sales being brought forward by stamp duty fiddling. Combined with UKGOV drawing money from propping up jobs/pay. Quote Link to comment Share on other sites More sharing options...
Smiley George Posted March 31, 2021 Share Posted March 31, 2021 Shhhh. That doesn’t fit the current narrative on here, prices are up 20%+ troll! Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 31, 2021 Share Posted March 31, 2021 Help to ****** 3.0 hasn't started yet. Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 31, 2021 Share Posted March 31, 2021 53 minutes ago, zugzwang said: Help to ****** 3.0 hasn't started yet. I have a feeling they don't feel they can afford it. Generation Buy is a minor intervention, in comparative terms. And it's telling, imo, that the current housing secretary, Robert Jenrick, born 1982, isn't keen on bailing out the national cladding issue where his predecessor, James Brokenshire, born 1968, is. I think the boomer generation of politicians think hosing money at propping up the property market is normal. I think the following generations are actually wondering on whom the costs will land. Quote Link to comment Share on other sites More sharing options...
wighty Posted March 31, 2021 Share Posted March 31, 2021 (edited) Distressed flat sales (cladding issues), BTL becoming unviable (covid restrictions), London prices dropping (WFH move to outside city), Brexit (let's blame it anyway). Everything else up 25%. Edited March 31, 2021 by wighty Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted March 31, 2021 Share Posted March 31, 2021 Proptastic! I’ve been following a dozen houses that have gone SSTC in the last couple of months - none appears to have Completed or gone back on the market. It appears constipated. Stamp holiday ending with reality dawning? Quote Link to comment Share on other sites More sharing options...
rantnrave Posted March 31, 2021 Author Share Posted March 31, 2021 This likely a reflection of Feb to early March with people thinking the Stamp Duty hols may not be extended. I therefore expect a significant rise next month... Quote Link to comment Share on other sites More sharing options...
msi Posted March 31, 2021 Share Posted March 31, 2021 Temporary blip to encourage yet another prop. Wake me up if there are 3 consecutive monthly falls - that will tie into the Furlough cliff edges Quote Link to comment Share on other sites More sharing options...
Locke Posted March 31, 2021 Share Posted March 31, 2021 2 hours ago, rantnrave said: Monthly fall of 0.2% Makes you wonder what increasingly negative figure they will revise it down to in the next few months. Quote Link to comment Share on other sites More sharing options...
Marshall211 Posted March 31, 2021 Share Posted March 31, 2021 55 minutes ago, rantnrave said: This likely a reflection of Feb to early March with people thinking the Stamp Duty hols may not be extended. I therefore expect a significant rise next month... Definitely this one Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 31, 2021 Share Posted March 31, 2021 43 minutes ago, Si1 said: I have a feeling they don't feel they can afford it. Generation Buy is a minor intervention, in comparative terms. And it's telling, imo, that the current housing secretary, Robert Jenrick, born 1982, isn't keen on bailing out the national cladding issue where his predecessor, James Brokenshire, born 1968, is. I think the boomer generation of politicians think hosing money at propping up the property market is normal. I think the following generations are actually wondering on whom the costs will land. Jenrick is a massive property VI. If he had any reservations about using public money to prop up the housing market he wouldn't be a govt minister, or even a Conservative MP. HtB 3.0 will run from April 2021 to December 2022. TFSME (TFS 3.0) which began in March 2020 has been extended twice. The repayment term for borrowers is now ten years. Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 31, 2021 Share Posted March 31, 2021 14 minutes ago, zugzwang said: Jenrick is a massive property VI. If he had any reservations about using public money to prop up the housing market he wouldn't be a govt minister, or even a Conservative MP. HtB 3.0 will run from April 2021 to December 2022. TFSME (TFS 3.0) which began in March 2020 has been extended twice. The repayment term for borrowers is now ten years. Jenrick may or may not. However, afaict the treasury is now making decision on ukgov 'help' At the moment,- and future - the answer seems to be - No HTBv3 is a stripped down version of HTBv1. And this is against a background of US 10Y bonds yields rising. Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 31, 2021 Share Posted March 31, 2021 23 minutes ago, zugzwang said: Jenrick is a massive property VI. This is true 23 minutes ago, zugzwang said: If he had any reservations about using public money to prop up the housing market he wouldn't be a govt minister, or even a Conservative MP. HtB 3.0 will run from April 2021 to December 2022. Qué? 23 minutes ago, zugzwang said: TFSME (TFS 3.0) which began in March 2020 has been extended twice. The repayment term for borrowers is now ten years. I never said they were stopping them overnight. Nevertheless, that's still BoE. Super tankers come to mind. Quote Link to comment Share on other sites More sharing options...
Money Frugality Posted March 31, 2021 Share Posted March 31, 2021 1 hour ago, msi said: Temporary blip to encourage yet another prop. Wake me up if there are 3 consecutive monthly falls - that will tie into the Furlough cliff edges Why does everyone seem to think furlough ending is going to cause a wave of unemployment.. It’s not. Anyone who was due to be made redundant who is on furlough will have already been.. Quote Link to comment Share on other sites More sharing options...
Twenty Something Posted March 31, 2021 Share Posted March 31, 2021 (edited) 14 minutes ago, Money Frugality said: Why does everyone seem to think furlough ending is going to cause a wave of unemployment.. It’s not. Anyone who was due to be made redundant who is on furlough will have already been.. Because many people here in my view don't grasp the nuances of the economy - it is a simple cause and effect for them rather than looking at actually what is going on underneath. I agree with you, I think that the stamp duty holiday ending in a couple of months will largely pass without a blip, and I think that furlough ending down the line will also just come to pass without too much fuss. When you are fishing for anything to support your doom and gloom mantra, this is the result. How many black swan events are we currently up to on the main page? The COVID one still rumbles on despite that having been now pretty comprehensively proven to have had no impact on house prices (They're actually up 10% - a bright white swan?). They've now freed the ship and house prices have, well, yup, nothing. Edited March 31, 2021 by Twenty Something Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted March 31, 2021 Share Posted March 31, 2021 1 hour ago, zugzwang said: Jenrick is a massive Ladies front bottom? Quote Link to comment Share on other sites More sharing options...
zugzwang Posted March 31, 2021 Share Posted March 31, 2021 59 minutes ago, spyguy said: And this is against a background of US 10Y bonds yields rising. Perhaps. TFS 3.0 will defray some of those costs for another 8/9 years. Quote Link to comment Share on other sites More sharing options...
spyguy Posted March 31, 2021 Share Posted March 31, 2021 1 hour ago, Money Frugality said: Why does everyone seem to think furlough ending is going to cause a wave of unemployment.. It’s not. Anyone who was due to be made redundant who is on furlough will have already been.. It is. Id bet money on it. Quote Link to comment Share on other sites More sharing options...
“Nasty Piece of work” Posted March 31, 2021 Share Posted March 31, 2021 1 hour ago, Money Frugality said: Why does everyone seem to think furlough ending is going to cause a wave of unemployment.. It’s not. When Companies thought they trade, however their market no longer exists. Quote Link to comment Share on other sites More sharing options...
MARTINX9 Posted March 31, 2021 Share Posted March 31, 2021 And doesn't the index only measure properties selling which have had mortgages granted? What about the prices of the flats in London for example that sit for weeks and months not selling - they don't factor at all? Quote Link to comment Share on other sites More sharing options...
Smiley George Posted March 31, 2021 Share Posted March 31, 2021 5 hours ago, rantnrave said: Monthly fall of 0.2% Must be fake news, no mention of proper prices falling on the BBC. Quote Link to comment Share on other sites More sharing options...
Smiley George Posted March 31, 2021 Share Posted March 31, 2021 1 hour ago, Twenty Something said: Because many people here in my view don't grasp the nuances of the economy - it is a simple cause and effect for them rather than looking at actually what is going on underneath. I agree with you, I think that the stamp duty holiday ending in a couple of months will largely pass without a blip, and I think that furlough ending down the line will also just come to pass without too much fuss. When you are fishing for anything to support your doom and gloom mantra, this is the result. How many black swan events are we currently up to on the main page? The COVID one still rumbles on despite that having been now pretty comprehensively proven to have had no impact on house prices (They're actually up 10% - a bright white swan?). They've now freed the ship and house prices have, well, yup, nothing. Just to set the two of you straight with an example from the "real world"; we currently have about 10% of our staff still on furlough. We have a directors meeting straight after Easter to decide how many of those people will unfortunately need to be made redundant - current thinking is at least half will need to go. We're a small IT company (80 staff) and haven't been impacted by Covid from a profitability standpoint, however what it has done is make us realise where the underperforming areas of our business are and we've adapted accordingly. Essentially we're more profitable despite the furloughed staff taking no real part in operations, they add no value. A significant number of our partners and distributors are all in similar positions and will start to make redundancies into the new FY and throughout the summer as furlough ramps down. Quote Link to comment Share on other sites More sharing options...
Si1 Posted March 31, 2021 Share Posted March 31, 2021 1 minute ago, Smiley George said: Just to set the two of you straight with an example from the "real world"; we currently have about 10% of our staff still on furlough. We have a directors meeting straight after Easter to decide how many of those people will unfortunately need to be made redundant - current thinking is at least half will need to go. We're a small IT company (80 staff) and haven't been impacted by Covid from a profitability standpoint, however what it has done is make us realise where the underperforming areas of our business are and we've adapted accordingly. Essentially we're more profitable despite the furloughed staff taking no real part in operations, they add no value. A significant number of our partners and distributors are all in similar positions and will start to make redundancies into the new FY and throughout the summer as furlough ramps down. That's interesting as I've seen IT techie recruitment going ballistic, in the job ads anyway. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.