Wednesday, September 11, 2013

What is going on!

Final Warning UK House Prices Boom Imminent!

Nadeem sees a house price boom, off the back of relaxed planning regulations and help to buy. He predicts it will lead to a house price crash, but not for two more Parliaments. A decade away. He says, get on the train now. I say, I wish that we would see a boom in industrial output instead!

Posted by libertas @ 01:23 AM (4877 views)
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8 thoughts on “What is going on!

  • financial planner says:

    I can see his point. That successive govts will rack up Help to Sell.
    He may well be right.

    Negating would be that mortgage rates will rise within 5 years, whether or not Carney raises, taxes will rise, cuts will be harder, aggregate incomes will not keep pace with costs of living rises.
    Also there is increasing likelihood of a major deflationary global shock within a few years – China? € collapse / $ shoot to the moon? Sovereign bond collapse? All of them?

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  • they were talking boom time in october 2007

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  • Where do savers come from in future?

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  • I very much doubt it. Coming so soon after the last subprime fiasco, the help-to-buy scheme won’t be expanded to £1 trillion as he predicts.

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  • Cable is looking to stymie Help to Buy 2. Sorry I can’t offer more.

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  • Following Dill, above:- see Video on Sky (politics) …

    “Vince Cable has called for the Government’s flagship help-to-buy property scheme to be reconsidered in comments likely to anger George Osborne. The Business Secretary told Sky News there was a risk of a “new housing bubble” because of recent changes in the market”.

    The keynote speech in Warwick was set to be a stark contrast to an address by Mr Osborne on Monday, in which the Chancellor declared the economy was finally “turning a corner”.

    “…shadow business secretary Chuka Umunna said he had delivered an “embarrassing slap-down” to Mr Osborne. However, he insisted the Lib Dems could not distance themselves from the Chancellor’s economic strategy.

    “It also reminds everyone that you can’t trust a word the Lib Dems say. Vince Cable has supported the Chancellor’s policies which choked off the recovery in 2010,” he said.

    “Three wasted years of flatlining that has left families worse off and done long term damage to our economy is his record and he should take responsibility for it.”
    – – – –

    I’m not taking sides here. I just posted both views from the Sky website – Alan

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  • How can increased SUPPLY create a boom?
    How can average house-prices at 6x average earnings create a boom?
    How can rising interest rates create a boom?
    What happens when base rates start to go up?
    Will earnings suddenly race ahead? That’s the only thing I can see that might help. All other factors are, as I see it, opposed to a boom.

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  • I find it hard to see how the contents of this breathless newsletter will come to pass. But then no one saw the plunge in interest rates and high house prices persist. All pretty unpredictable.

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