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DoubleBubbleTrouble

Key Dates In This House Price Boom

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Looking for all the really key juicy dates in this House price boom... bet you can guess why :-)

So far I've got these, am I missing any;

* '97 Budget - MIRAS abolished, Stamp Duty hiked, Gordon's famous boom/bust comment

* Dot com bust

* The date that they started cutting interest rates

* Sept 11

* The date that interest rates bottomed out

* The date that interest rates started rising (need to look it up still)

* The election

* The date SIPPS property nonsense was scrapped

* Aug 2005, The date of the most controversial rate cut ever

* What were the dates the property porn shows kicked off on the various channels?

* The date Gordon becomes president, still to happen :)

...

What am I missing?

Also any comments or views on the effects of these events welcome.

Edited by DoubleBubbleTrouble

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DoubleBubbleTrouble

Looking for all the really key juicy dates in this House price boom... bet you can guess why :-)

So far I've got these, am I missing any;

* '97 Budget - MIRAS abolished, Stamp Duty hiked, Gordon's famous boom/bust comment

An attempt to prevent borrwed money from wrecking the economy again.

* Dot com bust

Borrowed money helped the swiftness of its growth and its demise

* The date that they started cutting interest rates

Borrowed money is once again the saviour, borrow and we will grow again

* Sept 11

OMG, must get borrowing up or life will never be the same again

* The date that interest rates bottomed out

Maybe a little too much borrowed money is causing problems

* The date that interest rates started rising (need to look it up still)

Yes, it definitely is causing problems

* he election

Won on borrowed money

* The date SIPPS property nonsense was scrapped

Oh no, borrowed money was going to go mad again, well actually it still is

* Aug 2005, The date of the most controversial rate cut ever

The *ankers have no other policy now, borrowed money it is.

* What were the dates the property porn shows kicked off on the various channels?

When the banks need to boost their earnings via yes, you guessed it borrowing.

* The date Gordon becomes president, still to happen :)

Can borrowing be sustained long enough to enable this, to hell with the future

...

What am I missing?

Borrowing?

Edited by OnlyMe

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The BOE speach in 2004. saying intrest rates would rise and house prices may fall, cant remember all the details, but the effect on the market was dramatic and prices stopped rising...

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Fri 17 Mar 2006 - date when BOJ announced the end of its really loose fiscal policy.

Mon 20 Mar 2006 - date when the first of Japan's big banks increased interest rates.

dd mmm 2006 - date when the BOJ itself raised interest rates.

dd mmm 2006 - date when, in an effort to perpetuate the "carry trade" world interest rates rose in response.

dd mmm 2006 - date when UK rates had to rise in sympathy to prevent a disastrous run on the pound.

I guess what I'm really trying to suggest is take a global view, not just a UK view.

Regards

BP

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The BOE speach in 2004. saying intrest rates would rise and house prices may fall, cant remember all the details, but the effect on the market was dramatic and prices stopped rising...

Yes definitely. It was by Mervin and it made all the front pages. It was in June I think. It was June 04 that the SE stopped rising due to this. I can't remember what the catchphrase was that everyone lept upon. It was good.

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Fri 17 Mar 2006 - date when BOJ announced the end of its really loose fiscal policy.

Mon 20 Mar 2006 - date when the first of Japan's big banks increased interest rates.

dd mmm 2006 - date when the BOJ itself raised interest rates.

dd mmm 2006 - date when, in an effort to perpetuate the "carry trade" world interest rates rose in response.

dd mmm 2006 - date when UK rates had to rise in sympathy to prevent a disastrous run on the pound.

I guess what I'm really trying to suggest is take a global view, not just a UK view.

Regards

BP

The Japan increase in rates, was that domestically as well as internationally? Did it do from zero to one percent?

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Yes definitely. It was by Mervin and it made all the front pages. It was in June I think. It was June 04 that the SE stopped rising due to this. I can't remember what the catchphrase was that everyone lept upon. It was good.

Was that the 'house prices are opinion, debt is real' comment?

What about the change in Stamp Duty? From 60k to 120k.

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What about the change in Stamp Duty? From 60k to 120k.

Oh yeah forgot about that can anyone remember when that was?

Also when was all the stuff about shared equity and Prescott bulldozing houses to build some more?

Edited by DoubleBubbleTrouble

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  • 301 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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