December 2017 Archive

Saturday, December 30, 2017

Millenials set for comfortable retirement

Guardian: Millenials set to reap inheritance boom

Lucky millennials stand to inherit millions of pounds when they approach retirement age.

Posted by cyril @ 09:12 AM 7 Comments

Sunday, December 24, 2017

Socialism..

Torygraph: Housing shortage could put Corbyn in No 10

I think this guy is absolutely dead on. Corbyn is going to win the next election and housing is going to to be a big part of this. The whole point of the Tories is the individual and capitalism, which allows an unfettered market to be guided by supply and demand. Yet when there is a shortage of workers in the UK, wages don't go up, immigration does. When there is a shortage of housing, production does not increase because its all throttled by planning permission. This is all government interference in market economics, the -whole- purpose of the Tories existence. I think, also, that the only way to get to a Conservative party that isn't a continuation of New Labour is to go through a term of Corbyn.

Posted by stillthinking @ 09:02 AM 9 Comments

Tuesday, December 19, 2017

Seems that giving money to an uncompetitive industry raises prices AND reduces quality?

BBC: The new homes 'uninhabitable' after less than a year

"Karen bought the property from housebuilder Bovis for £325,000 in December 2016, under the government's Help to Buy scheme. After numerous complaints to the company, she eventually hired an independent surveyor to assess the house - who uncovered major structural issues." Why on earth the government is giving this industry a penny of taxpayers' money is a mystery. Judging by the sums that the management and shareholders are trousering, these companies' investments in elections have paid off handsomely though!

Posted by mombers @ 02:06 PM 3 Comments

Monday, December 11, 2017

London -3.7% MoM

Metro: Biggest Fall in House Prices in 5 Years

Tis the season to be jolly.

Posted by nickb @ 10:19 AM 6 Comments

Sunday, December 10, 2017

Pushing up house prices and increasing mortgage debt are his answer!

Brexit Central: Tony Blair’s secret memo to Alastair Campbell: My 12-point plan for stopping Brexit

Blair himself believes that you have to "keep the people happy by building more houses and offering bigger mortgages, rather than dirty factories or risky investments." Now last time I checked, having a £1m mortgage for shoebox was neither wise nor happy-making. What's he been smoking?

Posted by sneaker @ 12:55 PM 0 Comments

Thursday, December 7, 2017

UK wealth

Torygraph: The UK is worth £10tn - and more than half of that is from land value

"The UK is worth £10tn - and more than half of that is from land value"... Except unfortunately land value is from planning permission which is potentially free.

Posted by stillthinking @ 12:10 AM 4 Comments

Monday, December 4, 2017

People are broke because of housing costs

Joseph Rowntree Foundation: Benefits freeze: Families facing another 12 months of misery

There's a massive problem here. It's not that people are having their benefits frozen. It's not that housing costs have risen so high. This tells me that housing costs are unnaturally high. We see state subsidy of housing in two ways: Help To Buy helps people afford otherwise unaffordable purchases - and of course, prices will rise by exactly the amount of this subsidy. On the rental side, we see that benefits help(ed) people afford otherwise unaffordable rents. In short, this means that government money is going directly into the pockets of property development investors (who buy early stage off-plan and sell to the end-buyer) and landlords. And we just sit there and watches as our money gets siphoned offshore, tax-free and hear this is a triumph of the "free market". BS, I say.

Posted by sneaker @ 06:58 AM 4 Comments

Sunday, December 3, 2017

Will lack of pensions cause the next crisis

BBC: Renting in Retirement - How feasible is it ?

When I look at the pensions companies offer today compared with twenty years ago I wonder how lots of people will cope in retirement. They might be very grateful for the one bedrrom council flat in Catford of Daily Mash fame.

Posted by tenyearstogetmymoneyback @ 09:49 PM 0 Comments

This blog is quiet again - tells me the bears are slumbering

The Grauniad: Tony Blair backs Labour’s ‘land value tax’ to tackle housing crisis

I trust he has sold his central London house then! "Tony Blair is backing one of the most controversial measures raised in Labour’s last manifesto, by supporting a new “land value tax” designed to help solve the housing crisis. The former prime minister said the new tax, which sees the value of underlying land taxed rather than property, should replace council tax and business rates to create a “fairer and more rational system of property taxation”."

Posted by sneaker @ 10:52 AM 1 Comments

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