November 2018 Archive

Wednesday, November 28, 2018

BOE Predicts House Prices could fall by a third in the case of hard Brexit

BBC: Bank warns no-deal could see UK sink into recession

I am getting fed up with the expression "No one voted for a worse economy" etc. If house prices dropped by 1/3 but wages only came down 15% then many people would benefit. Although I own my bungalow a price drop would make a bigger one that much cheaper. Obviously the over-indebted wouldn't benefit at all.

Posted by tenyearstogetmymoneyback @ 09:11 PM 15 Comments

Saturday, November 24, 2018

Not again for the pound

Zerohedge: We are starting profound 25 year bear market

I like reading about Crispin Odey, because he shares my opinion (or more accurately I share his I suppose), and he is also entirely wrong about timing. This year however his trades are making money. He has, however, an -extremely- negative view of the pound and I wonder can it really be true. After so much devaluation of sterling, can we really be going in for another batch? Is there no end to devaluation for the uk its getting ridiculous.

Posted by stillthinking @ 12:30 AM 2 Comments

Monday, November 19, 2018

More good news

The Guardian: UK house prices fall by £5,000 on average, with south sliding fastest

More and more price reductions. I guess sold prices to follow shortly. I loved the estate agent's reduction strategy though :) Good time for cheeky offers.

Posted by dražen petrović @ 08:30 AM 1 Comments

Tuesday, November 13, 2018

Falling Demand?

The Guardian: Foxtons closes six London branches in 'challenging' market

I don't know if this is the response to the falling market or a shift to online agents. What's more confusing is that they have closed their Enfield branch...

Posted by crash bandicoot @ 12:54 PM 0 Comments

Monday, November 12, 2018

Wilsons threaten to sell up (again)

Kent Online: Property tycoon Judith Wilson, wife of Fergus Wilson, must reveal wealth

The Wilsons failed to comply with a court order requiring them to fix a disabled tenant's boiler. Judith must now reveal her financial situation so that the court can impose a (potentially unlimited) fine. It is so Judge Barron can get a better picture of her wealth before sentencing – including assets, banked money and joint accounts. The ruling will “accelerate the rate” tenants are evicted as the couple look to sell up their housing empire, Mr Wilson said. "It means we will be selling more properties," he said. "We were selling up anyway because of our age - I could drop dead tomorrow. “We won’t put all the homes on the market at once because that would mean house prices will drop.”

Posted by little professor @ 03:06 PM 9 Comments

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