MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 9 minutes ago, Sithuk said: To where? Haven't all western markets been caught up in the same asset price boom? Yup. People like TCON repeatedly bang on that they'd leave the UK and advise others do likewise yet never do because they know fine well that asset prices are exploding upwards elsewhere. Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 7, 2021 Share Posted June 7, 2021 2 hours ago, Sithuk said: To where? Haven't all western markets been caught up in the same asset price boom? Cost of housing in North America is not expensive relative to wage. There was a ranking system done somewhere, UK was well down the scale for affordability compared to most places. Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 7, 2021 Share Posted June 7, 2021 2 hours ago, MonsieurCopperCrutch said: Yup. People like TCON repeatedly bang on that they'd leave the UK and advise others do likewise yet never do because they know fine well that asset prices are exploding upwards elsewhere. I was looking at it before brexit, but it's just too complicated now. People suddenly cottoned onto WFH, the young will cotton on to getting the hell out of the UK. It's coming. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 7, 2021 Author Share Posted June 7, 2021 2 hours ago, Sithuk said: To where? Haven't all western markets been caught up in the same asset price boom? No. https://www.housesinspain.com/blog/spanish-property-market-2020 Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 5 minutes ago, sta100 said: I was looking at it before brexit, but it's just too complicated now. People suddenly cottoned onto WFH, the young will cotton on to getting the hell out of the UK. It's coming. Where do you suggest they go? Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted June 7, 2021 Share Posted June 7, 2021 Yeah I’d like to know where they’ll go too. The most cosseted generation yet, helicopter parents, grade inflation, baby commies, identity over reality. What country is going to provide the comfy cushion they demand? Not USA that’s for sure. Canada? Climate death Australia? Wokesville (with stratospheric house prices) New Zealand? Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 7, 2021 Share Posted June 7, 2021 18 minutes ago, MonsieurCopperCrutch said: Where do you suggest they go? Same places they've always gone Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 7, 2021 Share Posted June 7, 2021 5 minutes ago, PeanutButter said: Yeah I’d like to know where they’ll go too. The most cosseted generation yet, helicopter parents, grade inflation, baby commies, identity over reality. What country is going to provide the comfy cushion they demand? Not USA that’s for sure. Canada? Climate death Australia? Wokesville (with stratospheric house prices) New Zealand? Well if we're going to do generalisations they're also the most mobile international tech savvy generation too Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted June 7, 2021 Share Posted June 7, 2021 4 minutes ago, sta100 said: Well if we're going to do generalisations they're also the most mobile international tech savvy generation too True. They drink less, drive less, have less sex. Very happy to live in their rooms, in their heads. Hardly the generation of movers and explorers. Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 7, 2021 Share Posted June 7, 2021 4 minutes ago, PeanutButter said: True. They drink less, drive less, have less sex. Very happy to live in their rooms, in their heads. Hardly the generation of movers and explorers. Too much daily mail methinks Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 7, 2021 Author Share Posted June 7, 2021 15 minutes ago, PeanutButter said: Yeah I’d like to know where they’ll go too. The most cosseted generation yet, helicopter parents, grade inflation, baby commies, identity over reality. What country is going to provide the comfy cushion they demand? Not USA that’s for sure. Canada? Climate death Australia? Wokesville (with stratospheric house prices) New Zealand? it's a fair question. I'd say Eastern Europe might be a fair bet compared to the UK right now. A lot of young "British" people will have a right to move to India/Pakistan/Africa/Europe/Ireland/Asia, mainly due to the immigration. Western economies certainly do seem to be at the end of a road rather than at the beginning of one. Some people just dont want to think that there might not be 20,000,000 slaves willing to fund their pensions/BTL rentals. https://apnews.com/article/brexit-united-kingdom-financial-markets-berlin-oxford-2be77e0ade49893bfefe508eb15c2d56 https://www.harriman-house.com/press/full/327/ "In the mid-1970s, I joined the brain drain, and left Britain for America. Two of my close university friends went too. The decision to leave home required little thought. The trade unions seemed to be running the place. Inflation was making money worthless. The top rate of income tax was 83%?and if you were dim enough to invest in British business, creating jobs and enterprise, you paid an extra 15% "unearned income" surtax, taking your tax rate to 98%. " Quote Link to comment Share on other sites More sharing options...
PeanutButter Posted June 7, 2021 Share Posted June 7, 2021 1 hour ago, sta100 said: Too much daily mail methinks Lol Drinking less https://theconversation.com/why-young-people-are-drinking-less-and-what-older-drinkers-can-learn-from-them-133020#:~:text=A range of studies from,heaviest to the lightest drinkers. Less sex https://www.psychologytoday.com/gb/blog/insight-therapy/202006/why-so-many-young-people-are-having-no-sex Driving less https://www.theguardian.com/commentisfree/2018/jan/26/sad-news-fewer-teenagers-learning-drive-empowerment Staying home with parents (NOT THAT THERE'S ANYTHING WRONG WITH THAT) https://www.independent.co.uk/life-style/boomerang-trend-young-adults-living-home-childless-b1152246.html Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 3 hours ago, sta100 said: Same places they've always gone Where's that then? Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 7, 2021 Share Posted June 7, 2021 1 hour ago, PeanutButter said: Lol Drinking less https://theconversation.com/why-young-people-are-drinking-less-and-what-older-drinkers-can-learn-from-them-133020#:~:text=A range of studies from,heaviest to the lightest drinkers. Less sex https://www.psychologytoday.com/gb/blog/insight-therapy/202006/why-so-many-young-people-are-having-no-sex Driving less https://www.theguardian.com/commentisfree/2018/jan/26/sad-news-fewer-teenagers-learning-drive-empowerment Staying home with parents (NOT THAT THERE'S ANYTHING WRONG WITH THAT) https://www.independent.co.uk/life-style/boomerang-trend-young-adults-living-home-childless-b1152246.html One for @longgone. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 7, 2021 Author Share Posted June 7, 2021 (edited) I missed off some important information today, the YoY figures for each area. The London figures skew my index because of the massive average asking price and now because their listing volumes are holding up while every where else collapses. Here are the YoY price rises in current asking prices East Mids: +6.7% East of England: +4.5% ( all in the last quarter ) London: -1.14% North East: +7.2% North West: +1.1 % South East: +0.95% South West: +0.62% Wales: +5.92% West Mids: +1.5% Yorkshire and Humber: 5.6% Some regions I dont list because of small number of properties are worth noting too, Isle of Man, number of listings now 2/3 times higher than 18 months ago, same with the Channel Islands. Northern Ireland -72% number of listings !!! The numbers being touted by the MSM and the UKPL overall index look much less insane when you do the regional breakdown. I'd imaging the main indexes could quite easily have the same skewing as the "lucky" few Londoners move out to the shires to fund a lottery win retirement for someone. I'd expect a lot of these to go -ve later in the year. Edited June 7, 2021 by TheCountOfNowhere Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 7, 2021 Author Share Posted June 7, 2021 3 other facts: 1) London down 2.6% from peak value that I have record in April 2020 2) NW down 3% from peak value that I have record in Nov 2020 3) Scotland down 2.4% from peak value that I have recorded in Oct 2020. Someone's told me the trolls are having a go at me for presenting this data, so must be closer to the mark than those pathetic a-holes care to admit This info is un-modified, un-biased, un-manipulated data straight from RM. Believe it, ignore it, it's up to you but I guarantee it's the only honest house price index out there. I'm surprised London asking prices have risen but give the media hype maybe not such a surprise, got to say it's looking a bit shaky now. Stamp duty cut is ending Economic reality is looming Caveat Emptor Quote Link to comment Share on other sites More sharing options...
steve99 Posted June 7, 2021 Share Posted June 7, 2021 4 hours ago, TheCountOfNowhere said: it's a fair question. I'd say Eastern Europe might be a fair bet compared to the UK right now. A lot of young "British" people will have a right to move to India/Pakistan/Africa/Europe/Ireland/Asia, mainly due to the immigration. Western economies certainly do seem to be at the end of a road rather than at the beginning of one. Some people just dont want to think that there might not be 20,000,000 slaves willing to fund their pensions/BTL rentals. https://apnews.com/article/brexit-united-kingdom-financial-markets-berlin-oxford-2be77e0ade49893bfefe508eb15c2d56 https://www.harriman-house.com/press/full/327/ "In the mid-1970s, I joined the brain drain, and left Britain for America. Two of my close university friends went too. The decision to leave home required little thought. The trade unions seemed to be running the place. Inflation was making money worthless. The top rate of income tax was 83%?and if you were dim enough to invest in British business, creating jobs and enterprise, you paid an extra 15% "unearned income" surtax, taking your tax rate to 98%. " But this person must be a "boomer" and wasn't it easy peasy for them back then? Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 7, 2021 Author Share Posted June 7, 2021 26 minutes ago, steve99 said: But this person must be a "boomer" and wasn't it easy peasy for them back then? half the number of people back then, life was easier and they didn't know it. Quote Link to comment Share on other sites More sharing options...
TheCountOfNowhere Posted June 7, 2021 Author Share Posted June 7, 2021 Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 8, 2021 Share Posted June 8, 2021 13 hours ago, PeanutButter said: Lol Drinking less https://theconversation.com/why-young-people-are-drinking-less-and-what-older-drinkers-can-learn-from-them-133020#:~:text=A range of studies from,heaviest to the lightest drinkers. Less sex https://www.psychologytoday.com/gb/blog/insight-therapy/202006/why-so-many-young-people-are-having-no-sex Driving less https://www.theguardian.com/commentisfree/2018/jan/26/sad-news-fewer-teenagers-learning-drive-empowerment Staying home with parents (NOT THAT THERE'S ANYTHING WRONG WITH THAT) https://www.independent.co.uk/life-style/boomerang-trend-young-adults-living-home-childless-b1152246.html Well yes, of course. I would have been the same had I lived in this era where it costs a fortune for an education, a house, and there's massive pressure at an early age, whereby seemingly there is no future. If you want to generalise a generation try looking in the mirror and look at the sh1t show left behind for this lot. Nothing to be proud of. Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 8, 2021 Share Posted June 8, 2021 12 hours ago, MonsieurCopperCrutch said: Where's that then? Spain, the USA, France,Germany, Canada and New Zealand are the top destinations. However emigration to the EU has gone up around 30% since Brexit and is expected to increase unsurprisingly. Quote Link to comment Share on other sites More sharing options...
MonsieurCopperCrutch Posted June 8, 2021 Share Posted June 8, 2021 5 hours ago, sta100 said: Spain, the USA, France,Germany, Canada and New Zealand are the top destinations. However emigration to the EU has gone up around 30% since Brexit and is expected to increase unsurprisingly. So countries with likewise property price inflation. Great idea. Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 8, 2021 Share Posted June 8, 2021 2 hours ago, MonsieurCopperCrutch said: So countries with likewise property price inflation. Great idea. Likewise property price inflation? Have you seen taken a quick look at comparable for those countries compare to here? Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 8, 2021 Share Posted June 8, 2021 https://www.french-property.com/sale-property/1630-B20-104 https://www.rightmove.co.uk/properties/105383825#/ Is this what you mean by likewise property price inflation? Quote Link to comment Share on other sites More sharing options...
sta100 Posted June 8, 2021 Share Posted June 8, 2021 Or if you want a direct price comparison https://www.realtor.com/realestateandhomes-detail/8662-Tanglewood-Trl_Chagrin-Falls_OH_44023_M43453-26577 https://www.rightmove.co.uk/properties/78034680#/ Quote Link to comment Share on other sites More sharing options...
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