Friday, September 22, 2017

Your home their land; you keep paying

New figures reveal scale of controversial leasehold homes

Title says it all. Activity seems to have died a death on this news blog... ironic given that HPC just may, possibly, now be underway...

Posted by nickb @ 10:01 AM (7478 views)
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16 thoughts on “Your home their land; you keep paying

  • Yeah, I recall the good old days of 2005 when there would be 20 or more replies under each article.
    Seems to be more comments on facebook articles these days. Perhaps housepricecrash would be better having a facebook page than the old forum/blog/website format?

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  • I surf the web for all sorts of economics news out of interest, and I can say for sure that there has been a general falling off of articles relating to QT/QE particularly the sky is falling type ones. I think people have been bored into submission by the level of control that the central banks have. Probably last man standing in terms of central bank activity has been storing up massive problems for the future is David Stockman the former Reagan administration guy. Additionally, clearly the government is not going to accept broad scale losses in housing if there is anything they can do to avoid it, and there is an unlimited quantity of extra cash.
    If, and -if- there were to be a wage spiral then events might have moved on but even for that, I see today May has agreed an additional interim term for EU membership to “protect the workers” = stop wages going up when they head off.

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  • Stillthinking, a fall in house prices would signal the end of Brexit, as those millennials with property and BTL will panic when they see their “pensions” threatened. The Government will try to avoid this scenario .

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  • Brexit has already ended, if the government are extending to 2021 and presumably it will also be too soon to do anything when that day approaches as well….

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  • The links to articles routinely don’t work properly, and no one’s updates the front page in a year or more. It’s basically a relic.

    Forum works though.

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  • Baby boomers not millennials. That’ll learn me to post at that time in the morning

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  • So here is the link! (It seems the website does something to the https part of the url that stops links from working, if you post an article.)
    http://www.theguardian.com/society/2017/sep/21/new-figures-reveal-scale-of-controversial-leasehold-homes
    Does anyone know who used to update the front page?

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  • Nick the contact for technical queries such as those flagged up in recent posts is [email protected] (this from the homepage).

    This site has been in major decline for several years and a lot of the people who posted very valuable information have long since departed. Having said that when Hugh Hendry closes his Eclectica fund I’m more convinced than ever that a full blow HPC will unfold !

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  • Thanks Jack. Will drop them a line, if they still do any maintenance …

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  • Yep the base rate changes on the front page are 1 year out of date so perhaps this site is being allowed to drift into the history books !

    Hope you get a response Nick.

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  • Interesting, from the ‘about us’ page:
    “in April 2006 the site was acquired by Fubra Limited an Internet media company based in Hampshire and they set about developing more content for the site with a view to it being the definitive independent source for house price information and discussion on the web. “

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  • Hi Nick, I suspect the guy’s at Fubra are more interested in http://www.ourproperty.co.uk and http://www.petrolprices.com as revenue generators and HPC (if indeed they still own has become a relic as suggested earlier)

    “Fubra started off as a group of friends trying to make a bit of extra money through web design and selling travel and finance products whilst at college back in 2000. Fast forward to now and Fubra is a well established publishing and technical service provider with a vast array of websites under our belt. With everything from price comparison sites, to travel and household guides, Fubra runs a network of successful and informative websites”

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  • I still post articles and stuff to this site, its gone past its stated purpose for sure, but i became interested in economics and have nowhere else to write my opinion down on the more general stuff….(sniff)
    The crash did definitely happen just not in nominal terms http://www.goldchartsrus.com/chartstemp/USHLSPOG.php and I am pretty sure the after effects aren’t over. BoE is pretty much moving past bank regulation to direct management etc

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  • ST – not sure how illuminating it is to measure house prices in Gold, since that has a lot to do with the price of Gold which is itself volatile. I agree some correction did take place, still evident in real (ie inflation-adjusted) terms. Regarding concrete economic factors, which is one motive for thinking in terms of precious metals (?) I think pressure on prices will intensify at currently-rising oil prices and Brexit inflation from a falling pound.

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  • Received the following response:

    >Hi Nick,
    Thank you for bringing this to our attention. I’ll ask our developers to look into it as a matter of urgency.
    Kind regards,
    Webmaster
    >

    so it seems this site is still someone’s baby 😉 I also mentioned the out of date homepage. Maybe this is autocomplete information for which links or RSS feeds no longer function…

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  • tenyearstogetmymoneyback says:

    I have always thought that the Crash will happen just after the last person has decided it never will.

    I have just been sat watching TV and there was an Equity Release advert with piles of coins shooting up around a house
    and very small print at the bottom of the screen for the last couple of seconds pointing out that the equity in you house will
    be reduced. It seems to be the new Buy to Let mortgage in terms of everyone pushing it.

    This morning there was some statistic on the Radio on how many people (approaching 50%) are saving nothing towards
    their pension.

    Giving the the equity release people the benefit of the doubt and assuming there aren’t any other problems
    (I think there are. Most people I know who have downsized did so to get a more suitable property
    e.g. a Bungalow or Retirement Flat rather than for the money) what will the equity release people
    do when the person dies. I suspect that they will just want to sell ASAP and recover their
    share of the money, which could pull down prices. If they are owed £200K it makes no difference to them
    if the property is sold for £201K or £300K.

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