Flood of dirty Russian cash is not a real bull market - it's a corrupt bubble built on naivety
"There are 41,000 new units being built in London over Â£1m. Last year only 3,000 homes were sold for more than a million pounds in London. It's way over-built, way over-leveraged and way over-priced. [...] The rest of the country seems reasonably revalued - the big caveat of course is what happens if interest rates rise?"
House prices measured in gold and silver
Start i f something bigger?
Prices starting to fall despite just about everything thrown at it...there is nothing left bar Hmg paying people's mortgages!..seems just like japan where prices fell despite everything Done to prop things up....the reason?....it's a bubble that's bursting as all bubbles do.
Could deflation wreak havoc in the housing market?
If it's your pension, why is spending it out of the question?
Pure rent seeking...
Renting your way to poverty: welcome to the future of housing
A Dubious Policy
"The Treasury estimated that around 285,000 first-time buyers will use the scheme every year." Yet February saw barely 19,000 FTBs, and prices are dropping. These ever-more-convoluted Treasury tweaks are just a sign of the growing govt desperation, as they know just how bad the market really is. When the government has to resort to giving people free money to get 'on the ladder', you know the top is in.
More Government-subsidised Ponzinomics
But what if all weâre really doing â by accepting crazed property prices as the norm, to be alleviated only by the fiscal equivalent of chucking tenners into a crowd â is sucking first-time buyers into a sort of national Ponzi scheme? What if weâre luring them in at what would otherwise have been the peak, just to keep the boom rolling a little bit longer, and leaving them horribly exposed to negative equity if another crash comes?