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bubbleturbo

Lots Of Bad Hpi News About Today

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Feeling good today as I have been to the gym and had a chance to peruse through all the Sunday papers:

All of them, except for of course, The Times has a seemingly bearish sentiment pervading them with regards to the housing market and it's key drivers.

It seems that we are starting and are going to see the tightening of world banks in unison over the next few months. The effect of this here, a place swamped by credit and banks lax lending practises should be very interesting, to say the least.

Fundementally, it seems that interest rates are set to shift back towards the "normal" levels. That only spells one thing for places such as here with high house prices. . . . .

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Indeed. Interesting article in either the Indy or the Telegraph that seemed to suggest the builders shares may take a caining this week as a lot of them are due to announce results.

Apparantly Bovis' strategy of relying on large HPI has unwound and caused them a few problems. :lol:

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Feeling good today as I have been to the gym and had a chance to peruse through all the Sunday papers:

All of them, except for of course, The Times has a seemingly bearish sentiment pervading them with regards to the housing market and it's key drivers.

It seems that we are starting and are going to see the tightening of world banks in unison over the next few months. The effect of this here, a place swamped by credit and banks lax lending practises should be very interesting, to say the least.

Fundementally, it seems that interest rates are set to shift back towards the "normal" levels. That only spells one thing for places such as here with high house prices. . . . .

A correction of sizeable magnitude has already begun in the mirror HPI market in the US. Its happening here but there is less awareness due to continued VI spin. Driving down through the stockbroker belt of Surrey today and seeing blocks of flats up for sale with all kinds of "incentives" including Stamp Duty paid etc. Flags flying and empty sales offices. Its over. The economic cycle cannot be beaten and its downhill from now on for house prices.

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A correction of sizeable magnitude has already begun in the mirror HPI market in the US. Its happening here but there is less awareness due to continued VI spin. Driving down through the stockbroker belt of Surrey today and seeing blocks of flats up for sale with all kinds of "incentives" including Stamp Duty paid etc. Flags flying and empty sales offices. Its over. The economic cycle cannot be beaten and its downhill from now on for house prices.

There are lies, damn lies, statistics and then the Nationwide HPI...

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A correction of sizeable magnitude has already begun in the mirror HPI market in the US. Its happening here but there is less awareness due to continued VI spin. Driving down through the stockbroker belt of Surrey today and seeing blocks of flats up for sale with all kinds of "incentives" including Stamp Duty paid etc. Flags flying and empty sales offices. Its over. The economic cycle cannot be beaten and its downhill from now on for house prices.

I agree, but I can sense a shift in peoples sentiment in the papers. The Times soldiers on as usual, with the exception of Merryn in the back of the Money section, ripping the heart out of some BTL spin story.

Elsewhere, the fact that Japan is going to start tightening the Euro boys are sounding Hawkish and the Fed looks to carry on up the charts has seemed to put the short termism of this parallel universe into perspective.

If it all falls into place, with aggressive tightening world wide for the next few months, the effects will certainly be felt here as we have such a huge amount of debt.

I honestly think Merv is one step ahead and these are the reasons he was talking about the Nice period ending, etc.

Should be fun to watch.

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Hope the Sunday papers didn't get sent one of GalBear's "anti-spin" pieces that she left around her office.

Poor journos are so used to copying and pasting nowadays.

Wouldn't that have been a hoot!

:lol::lol::lol:

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I honestly think Merv is one step ahead and these are the reasons he was talking about the Nice period ending, etc.

Merv is the man.

I believe he also said that either the price of stuff would rise to match asset prices, or the price of assets would fall to match the price of stuff.

One thought though on the stagnation of rates policy: Scapegoating a crash would be of paramount importance: "Look abroad."

Edited by megaflop

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  • 302 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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