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 7 Comments

Sunday, Oct 28, 2018

Is Stockman right?

Torygraph: Correction-stock-markets-getting-serious-way-go-yet

For all the talk of a correction, you have to wonder if Stockman is right and there is a "doozy" of a yield shock on the way that is going to push rates up to 5%, inevitably the UK would have to follow to some extent. Carney seems to be boiling the frog devaluing the pound but can he ignore? Certainly interesting times particularly if you have been convinced it all ends in tears for a decade....Deutsche bank on the brink, Italian government IOUs seem to be the Italian banks entire capital base, foreign holdings of US treasuries going down. Do we find, in the end, that the banks have once more lost the lot.

Posted by stillthinking @ 02:37 AM 9 Comments

Friday, Oct 19, 2018

LSL Acadata / Your Move misleading statistics only partly obscure falling prices in SE and London

The independent: UK house price growth slows again as number of sales plummets

Claims that in London prices are up 3.9% year on year. but this is driven by a handful of sales in the City. The median london borough is down 2.2% year on year, as they well know. They even publish a median series that you have to pay for. nonetheless, in their (average i.e. mean) time series the southeast is down -0.1% year on year.

Posted by nickb @ 01:23 PM 0 Comments

Wednesday, Oct 17, 2018

Interesting Figures

Moneywise: Average house is worth £114,000 more than its rebuild cost

I had been wondering what the figures are for a long time. It gives an idea of the cost of building a house once land has been obtained and planning permission given. Of course the rebuilding cost wouldn't include things like building a road in front of the house but might have extras like clearing the site.

Posted by tenyearstogetmymoneyback @ 08:13 PM 0 Comments

Taxes on buy-to-let landlords have not pushed up rents, study says

Guardian: Vindication on rents not being driven by costs

"Warnings by landlords that taxes on buy-to-let would cripple the property market, driving down supply and pushing up rents, have turned out to be entirely hollow, according to research by campaign group Generation Rent." So satisfying to be proved right. Although of course the long threatened rent rises are always around the corner though! Hopefully this evidence will be noticed by TBTP and recurring taxes on property (second best to land only) can be considered as first choice for rasing much needed revenue

Posted by mombers @ 08:38 AM 2 Comments

Wednesday, Oct 10, 2018

Back to the Dickensian era

The Guardian: Shoebox Britain: how shrinking homes are affecting our health and happiness

The slicing and dicing of housing is redefining the idea of home. Those forced to live in ever smaller spaces describe how this changes their lives

Posted by novice pete @ 11:38 PM 2 Comments

Tuesday, Oct 9, 2018

News about drops when no one is posting

Moneywise: House Prices drop by £4000 average in one month

I always predicted that the slump (crash is what happens in more liquid markets) will happen when everyone has dismissed the possibility.

Posted by tenyearstogetmymoneyback @ 08:55 PM 0 Comments

Saturday, Sep 22, 2018

Hopefully this might improve standards

Daily Mail: A stealth tax on landlords?

I think this shows who the Mail thinks their readership is. It only affects 87011 properties. Hopefully it will lead to more council inspections and increased standards.

Posted by tenyearstogetmymoneyback @ 08:16 AM 2 Comments

Thursday, Sep 13, 2018

How to destroy confidence

Huffington Post: No Deal Brexit 'Disaster' Fears As Mark Carney Warns House Prices Could Drop By One-Third

I'm sure (and hope) he knows more about economics than I do.

Posted by tenyearstogetmymoneyback @ 09:41 PM 0 Comments

Thursday, Sep 6, 2018

1980s style Shared equity all over again ?

Daily Mail: Help to Buy has left us trapped

A couple of weeks ago a colleague was discussing Help to Buy with me and I commented that it sounds to be no different from the Shared Equity schemes builders offered in the late 1980s, which ended up badly when prices stopped going up year after year.

Posted by tenyearstogetmymoneyback @ 09:02 PM 8 Comments

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