August 2018 Archive

Wednesday, August 29, 2018

The Crash word and a 40% drop

Financial Reporter: Experts predict London price crash in no-deal Brexit scenario

A Reuters poll of housing market analysts and experts predicted that London house prices will continue to fall in 2018 and 2019, with a one-in-three chance of a house price crash.

Posted by jack c @ 04:13 PM 0 Comments

Wednesday, August 22, 2018

It was worth something, now it has become worthless

Torygraph: Time may be up for the penny coin, says Bank of England

You can tell the worthless coins because they are the ones that stay on the floor. 2p, 5p. 10p (depending), 20ps still get picked up by adults. I suppose kids pick them all up. The BoE, clearly an insightful body, must have decided that the populace actually walking around on discarded coins of the realm might be a bit dispiriting to savers.

Posted by stillthinking @ 09:58 PM 0 Comments

Wednesday, August 15, 2018

Prices now slightly less over inflated

Zero Hedge: London House Prices Fall At Fastest Rate Since Height Of Financial Crisis

- London house prices fall at the fastest annual rate since height of the financial crisis - London house prices fall in 5th month in row, worst falls since 2009 - London rents dropped at the fastest rate in eight years - ONS - Brexit, London property slump put brake on UK house price growth - Consumer spending declined in July as inflation increased

Posted by khards @ 04:14 PM 7 Comments

Tuesday, August 7, 2018

Corbyn or HPC ?

Politics Home: Tory minister says build houses on greenbelt or risk Jeremy Corbyn as Prime Minister

"Chief Secretary to the Treasury Liz Truss blasted “nimbys in Britain” and called for a major overhaul of UK planning laws. But she was attacked by a Conservative colleague who said the party would face an electoral “catastrophe” if it fails to protect the greenbelt. Theresa May has vowed to fix the broken housing market." Good job we have a strong Prime Minister on the case then.

Posted by quiet guy @ 06:33 PM 6 Comments

Lies, damned lies, and statistics

Telegraph: Why you shouldn't pay attention to house price indices

"Pryor dismisses some indices entirely, including one from the Royal Institution of Chartered Surveyors (“the views of 250 people and what their guts tell them”) and those produced by mortgage lenders Halifax and Nationwide (“they’re just kindling”)."

Posted by wdbeast @ 12:24 PM 1 Comments

Friday, August 3, 2018

Fergie:

Kent Online: Landlord Fergus Wilson hikes rent within minutes of interest rate rise

Everyone's favorite Toryshire parasite does it again. A 0.25% base rate increase = 3.3% increase on a £1500/pcm rental. And as you'd expect the comments are excellent.

Posted by landofconfusion @ 02:25 PM 8 Comments

Interest rate rise not tightening

BBC: Bank of England raises UK interest rates

I am pretty sure that the original plan was to retire QE first before raising rates, as otherwise it might appear that the BoE has printed money and to cover inflation raised borrowing costs for everybody else. That aside, usually for each debtor there is a creditor, in the case of QE (10 thousand apiece), there is no debtor. The money has been printed, any interest on gilts being a BoE profit is promptly remitted back to the UK government. So who is the payer of the additional interest on the fresh deposits created by QE? It seems nobody. So its hard to see how rates on savings can increase. So the wonderful BoE has increased borrowing costs but without increasing saving rates, the stick but not the carrot.

Posted by stillthinking @ 12:39 PM 1 Comments

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