DoubleBubbleTrouble Posted March 22, 2006 Share Posted March 22, 2006 (edited) 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 March 22, 2006 by DoubleBubbleTrouble Quote Link to comment Share on other sites More sharing options...
OnlyMe Posted March 22, 2006 Share Posted March 22, 2006 (edited) 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 March 22, 2006 by OnlyMe Quote Link to comment Share on other sites More sharing options...
befuddled Posted March 22, 2006 Share Posted March 22, 2006 (edited) Thursday 6th November 2003, IR rose from 3.5% to 3.75% Edited March 22, 2006 by befuddled Quote Link to comment Share on other sites More sharing options...
JBFTB Posted March 22, 2006 Share Posted March 22, 2006 HIPS announcements? Fuxtons fiasco? Not sure how relevant those are yet... Quote Link to comment Share on other sites More sharing options...
AteMoose Posted March 22, 2006 Share Posted March 22, 2006 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... Quote Link to comment Share on other sites More sharing options...
Being_Patient Posted March 22, 2006 Share Posted March 22, 2006 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 Quote Link to comment Share on other sites More sharing options...
frugalstar Posted March 22, 2006 Share Posted March 22, 2006 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. Quote Link to comment Share on other sites More sharing options...
Converted Lurker Posted March 22, 2006 Share Posted March 22, 2006 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? Quote Link to comment Share on other sites More sharing options...
Fingers Crossed Posted March 22, 2006 Share Posted March 22, 2006 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. Quote Link to comment Share on other sites More sharing options...
DoubleBubbleTrouble Posted March 22, 2006 Author Share Posted March 22, 2006 (edited) 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 March 22, 2006 by DoubleBubbleTrouble Quote Link to comment Share on other sites More sharing options...
Fingers Crossed Posted March 22, 2006 Share Posted March 22, 2006 Oh yeah forgot about that can anyone remember when that was? I think it was last year's budget. Quote Link to comment Share on other sites More sharing options...
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