August 2017 Archive

Wednesday, August 30, 2017

House flippers triggered the US housing market crash, not poor subprime borrowers

Quartz: House flippers triggered the US housing market crash, not poor subprime borrowers

The grim tale of America’s “subprime mortgage crisis” delivers one of those stinging moral slaps that Americans seem to favor in their histories. Poor people were reckless and stupid, banks got greedy. Layer in some Wall Street dark arts, and there you have it: a global financial crisis. Dark arts notwithstanding, that’s not what really happened, though

Posted by crow @ 06:26 AM 0 Comments

People questioning monetary policy

Torygraph: Be careful what you wish for in cheering on sterling's slump

An article that questions the benefits of devaluation, and by implication ECB policy.

Posted by stillthinking @ 01:54 AM 3 Comments

Thursday, August 24, 2017

Net migration is falling, soon negative?

Grauniad: Net migration to UK drops to lowest level for three years

Title says it all. It seems hard for our media commentators to spot developments for which the appropriate response is not "build more houses". I wonder how they will get there with this one?

Posted by nickb @ 10:25 AM 2 Comments

Wednesday, August 23, 2017

NLA urges remortaging ahead of PRA rule changes

Commercial Trust: NLA urges BTL landlords to remortgage as PRA borrowing rules near

The NLA has urged buy-to-let landlords to consider remortgaging options ahead of the September 30th introduction of PRA legislation, lending already becoming tougher. Commercial Trust urges landlords to speak to a specialist to discuss all options.

Posted by andrew pelis @ 02:13 PM 0 Comments

Tuesday, August 22, 2017

Our Broken Economy, in One Simple Chart

New York Times: Our Broken Economy, in One Simple Chart

Many Americans can’t remember anything other than an economy with skyrocketing inequality, in which living standards for most Americans are stagnating and the rich are pulling away. It feels inevitable. Most Americans would look at these charts and conclude that inequality is out of control. The president, on the other hand, seems to think that inequality isn’t big enough.

Posted by crow @ 03:23 PM 0 Comments

Sunday, August 20, 2017

A sustainable trend?

Notayesmaneconomics Blog: Is housing a better investment than equities?

"Moving onto the conclusion that housing is a better investment than equities then there are plenty of caveats around the data and the assumptions used. What may surprise some is the fact that equities did not win clearly as after all we are told this so often. If your grandmother told you to buy property then it seems she was onto something! As to my home country the UK it seems that the Chinese think the prospects for property are bright." As noted in the comments, regional variations, taxation, liquidity and the bailout of exposed banks in 2007 are factors in this complicated discussion.

Posted by quiet guy @ 01:07 PM 5 Comments

Saturday, August 19, 2017

Disfunctional UK Market

BBC News: One in 10 adults owns second home, says think tank

As many as 5.2 million UK adults - or one in 10 - have bought or inherited a second home, according to research... [...] ...At the other end of the scale, four in 10 adults own no property at all.

Posted by wilee @ 06:56 PM 0 Comments

Friday, August 18, 2017

Trade deficit

FT: UK trade deficit swells to eight-month high

One of the responsibilities of the central bank is to manage the trade deficit by raising interest rates, however, Carney for some reason never does this. So it continues on. The UK is all over the place really I wonder how long it can all last.

Posted by stillthinking @ 12:31 AM 3 Comments

Wednesday, August 16, 2017

Fewer houses for sale

Tuesday, August 15, 2017

I thought house prices were dropping...

Telegraph: Housing market speed towards 'crisis point' as average price rises £10,000 in a year

House prices in the UK increased by £10,000 in the last year on average, according to official figures, with estate agents warning that affordability of houses is reaching "crisis point".

Posted by hpwatcher @ 12:44 PM 4 Comments

Friday, August 11, 2017

Auto enrollment torpedo incoming

CityAM: The pensions submarine will sink low earners with auto-enrolment torpedos

By 2019 wage costs for employers are going to rise, while at the same time wages received by employees is going to fall. Consider this with the previous post.

Posted by stillthinking @ 02:16 AM 4 Comments

Credit issues

Business Insider: What Carney knows but doesn't say

excessive credit as per usual

Posted by stillthinking @ 02:11 AM 1 Comments

Thursday, August 10, 2017

Ripple Out Effect

BBC News: Housing market lull 'spreads from London'

We've not see this kind of comment for a while; "real change is in the air" "Many asking prices are still at levels never seen and are too high." Estate agents have to make sales to make money and they are under pressure from online sales. Will they advocate price cuts to keep themselves in business?

Posted by crash bandicoot @ 08:34 PM 0 Comments

Grand old duke of York v. Bulls and bears

The Guardian: House price slowdown is excellent news – even if estate agents disagree

House prices and a story about betfair / paddy power merger...subliminal reference to punting the market, perhaps ???

Posted by techieman @ 06:49 AM 1 Comments

Thursday, August 3, 2017


Economist: A little-noticed change in Britain’s housing market spells trouble for everybody

The market for London’s fanciest properties looks weak and overall price growth has slowed, but Britain’s housing market hardly appears to be in freefall. Poke beneath the surface, however, and it looks as if trouble is brewing. Britons are buying and selling houses less frequently than they once did. Official data suggest that the rate of residential transactions this year is set to be the lowest since 2013. The number of sales in parts of London is approaching an all-time low as home-buyers become more cautious about their personal finances.

Posted by jack c @ 02:56 PM 18 Comments

Tuesday, August 1, 2017

Buyers market round the corner

Dailymail: Sluggish houseprices buyers market round the corner

things dont look too good out there and that with all the props.The only thing they haven't tried is giving money away free which they did in japan but it didnt stop prices falling as much as 90% and even 23 years later they are still 40-60% less

Posted by taffee @ 10:59 AM 11 Comments

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