December 2016 Archive

Thursday, December 29, 2016

Dollar repatriation

WebCommentary: Steve Bannon plots economic destruction

Interesting view that as soon as the fed tightens i.e. stops the support of the bond market, then nominal rates can be very low because as dollars are repatriated to the US you can get an effective return from the dollar increasing in value.

Posted by stillthinking @ 03:41 AM 5 Comments

Tuesday, December 27, 2016

Feeding frenzy to extract profit hits homeless

Green Social Thought: Attack on St Louis homeless foreshadows things to come

More poor and homeless are being shoved off land when its value goes up. Here are some of the official tactics in one US city.

Posted by icarus @ 06:27 PM 0 Comments

Official figures overstate the level of home ownership

Guardian: Generation rent: official figures overstate UK home ownership - study

Official figures do not count the number of people who own their own homes but the proportion of properties owned by an occupier of a property. This means if a person bought a house and took in three lodgers, the property would then be counted as owner-occupied and the three people renting “drop out of the picture”. Similarly, if five unrelated people share a house this would be counted as one rented household. The same principle also applies to an adult returning home to live with his or her parents.

Posted by enuii @ 05:34 PM 5 Comments

Saturday, December 24, 2016

Meanwhile, cuts in social care for the elderly are causing soaring deaths.

Daily Mail: Just 34,000 migrants out of 1.2million to arrive in Germany in the last two years have found work, government reveals

Of course, if we did not finance radical Islam to replace dictators like Gaddafi, Assad and an elected Egyptian President, to replace it with something even worse and allowing ISIS to take Iraq after taking out Saddam, we could instead use foreign aid to encourage secular education and literacy in these countries so that the huge number of illiterate individuals being radicalised can instead have the ability to think for themselves and maybe lead normal lives and be prosperous in their homelands, building a middle class that can construct the civil society that can be the only replacement for dictatorship, that is simply a virus that fills the void? Meanwhile, Europe has a major housing crisis cause by mass migration whilst social welfare is shifted from our most vulnerable citizens.

Posted by libertas @ 08:31 AM 8 Comments

Thursday, December 22, 2016

Remember this next time you watch a property investor TV show

Guardian: Home ownership among 25-year-olds in England and Wales has halved in 20 years

"It must recognise that a renaissance in housebuilding by councils will be crucial to helping ensure the mix of homes to rent and buy that are affordable for those people that need them."

Posted by quiet guy @ 01:24 AM 6 Comments

Monday, December 19, 2016

A good analysis of market drivers...

Andrew Goodman Blog: The Fallacy of Booming UK House Prices

... of course as usual timing is everything. The blog has other interesting HP articles too.

Posted by techieman @ 08:51 AM 5 Comments

Sunday, December 18, 2016

Keeping the Ponzi Going

The Telegraph: Bank of Mum and Dad' now funds one in 12 house purchases

I'm losing track of the beginning and end of the circle. There's now £1.5 trillion in housing equity but you end up giving it away to your kids anyway. It does beg the question whats the point?

Posted by crash bandicoot @ 08:09 PM 10 Comments

Wednesday, December 14, 2016

Our leaders can't even remember what N.I. was for...

Torygraph: 'Unarguable' case that care for elderly needs more money says NHS chief

“If we are looking at some form of insurance model it needs to be some form of social insurance model or mandatory long term care coverage, because I think you get market failure in private insurance markets for long-term care,” he told the committee.

Posted by stillthinking @ 01:42 AM 3 Comments

Tuesday, December 13, 2016

I'm Out

The Guardian: Days of the buy-to-let landlord are numbered, says Fergus Wilson

If HPC's anti-hero says that the party's over you'd better have your taxi booked.

Posted by crash bandicoot @ 09:38 PM 11 Comments

Monday, December 12, 2016

Prime Property Leading the Way

Bloomberg: London House Prices Are Having Their Worst December in Years

London home prices are having their worst December in six years, led by weakness in prime areas in the capital that is likely persist into 2017.

Posted by crash bandicoot @ 09:23 PM 7 Comments

Sunday, December 11, 2016

Summary of the articles in the broadsheets

The week: Has the buy-to-let sector really collapsed?

Includes a summary of the telegraph article plus Times, Guardian, FT and Mail.

Posted by techieman @ 08:37 AM 5 Comments

Friday, December 9, 2016

BTL collapse...

Torygraph: Revealed: the full shocking extent of the buy-to-let market collapse

Interesting stats how can we have both more rental listings and more housing going on the market.... unless the insane system we have has lots of hidden capacity, imagine what an Land Value Tax would produce.

Posted by pete green @ 10:49 AM 6 Comments

Wednesday, December 7, 2016

Scratches head and pulls out a splinter or two

Evening Standard: Sales of luxury homes slump in London

... and I heard RBS are increasing Mortgage rates ? Never mind ECB will no doubt ride to the rescue... or will it ??

Posted by techieman @ 07:11 PM 3 Comments

High house prices are a measure of poverty

BBC News: Housing crisis 'creates in-work poverty'

The JRF study suggested that in-work poverty was driven by housing costs, especially in the private rented sector, where the numbers living in poverty had doubled to 4.5 million in a decade. This was the key factor behind London recording the highest poverty rate at 27% - 6% above the UK average, according to the study.

Posted by quiet guy @ 10:56 AM 3 Comments

Monday, December 5, 2016

Another facility making way for flats

ITV: Farewell to the home of X Factor: Studio to be demolished

Fountain studios in Wembley where ITV programs have been made since 1955 is being demolished to build "Luxury Flats". I thought one of the appeals of London was supposed to be all the culture and entertainment facilities. I guess they are less important than a quick profit. . This seems to be a recurring theme - Docklands Arena (which I visited quite a few times), BBC Television Centre, and in the future perhaps Earls Court.

Posted by tenyearstogetmymoneyback @ 12:07 AM 0 Comments

Thursday, December 1, 2016

They all need homes

Telegraph: Latest ONS immigration figures reveal a record number of EU migrants came to live in Britain in 2016

As I have said ad-infinutum, this pause between EU and Brexit will result in countless people front-running border controls. Almost 600k immigrants the past year, with net migration at over 335k, with illegal or undocumented or undeclared immigration likely being double the 600k level at maybe 1.2m. Many heading to London. This is why affordability in London in particular will plummet and prices will likely start moving into a hyperinflation level if action is not taken soon. When you compare it with annual house building starts to June of just 144,280, I think we start to see the problem coming into focus. This growth simply is not being planned for and if you knew the cost of satisfying demand for homes and infrastructure, you would be protesting on the streets.

Posted by libertas @ 07:28 PM 24 Comments

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