Stagnation and Decline (House Prices)

Telegraph: House prices to fall 5pc nationwide and tumble even further in London as worried home buyers back out

House prices and transaction levels will be hit by a "short, sharp shock for a quarter", as buyers pull out of chains amid the uncertainty that the vote to leave the European Union has created. Property experts warned that chains could collapse as worried buyers pull out of transactions or invoke "Brexit clauses", which allow them to back out if they don't like the outcome of the referendum.

Posted by tom101 @ 03:18 PM 1 Comments

EU edit expected to end UK house price boom

Financial Times: Brexit to end

Explains why all day - TODAY OF ALL DAYS - I have been receiving emails from estate agents telling me now is a good time to buy as a boom is just round the corner.

Posted by sneaker @ 02:39 PM 0 Comments

Could this trigger the big one ?

BBC: Pound falls heavily as EU vote results come in

This is making 2008 seem like a minor hiccup. I remember 1992 when interest rates hit 14%. Of course Libertas might e right and next year your house might be worth £1000000000 or was that Zimbabwe dollars ? Is this the final punishment of the boomers against generation rent ? A lot of the boomers won't be happy when they see the price of their next BMW. Wait for the cries of "BoJo didn't tell us this would happen"

Posted by tenyearstogetmymoneyback @ 03:53 AM 15 Comments

Saturday, Jun 18, 2016

Rent Strike!!

Keeno: Comments on Rentiers

Linked - probably - to the 2016 Act, UCL students have decided to go on Strike, The strike was reported on in March - but they have got a rebate recently : .http://www.theguardian.com/education/2015/jun/11/university-college-london-students-withhold-rent-over-building-works Keeno relates this phenomena to the rest of the economy. Shows when we started the debt inflation ..... I wonder who started down that road?

Posted by techieman @ 03:51 PM 4 Comments

Tuesday, Jun 14, 2016

Brexit is now the most bullish thing conceivable, something we first hinted a month ago...

Zero Hedge: Here They Come: ECB Pledges To Bailout Markets In Case Of Brexit

According to a Reuters report, the European Central Bank would publicly pledge to backstop financial markets in tandem with the Bank of England should Britain vote to leave the European Union. Rate cuts and QE will be the most bullish thing ever. Markets will soar, house prices could go ballistic. The only risk is that governments will over-reach in their abject fear and pump too much money into the system thus, the greatest risk is not BREXIT but government knee jerk reaction to it. However, with deflation on the horizon, it may be the prod needed to bring us back to 2% inflation targets. For Britain, with reduced migration eventually, stagnant wages could reverse gear and start heading into the stratosphere as we play catch up with the wages of other non-EU countries like Norway & Swiss

Posted by libertas @ 10:30 PM 11 Comments

If boomers' home equity is hard earned, how come today's higher earning workers never earn enough?

Torygraph: Generation rent: young, married, pregnant and stuck in a house share

“The result is that the younger generation is now expected to pay a much bigger multiple of its earnings to buy a home than their parents did – something that never happened previously.” Boomers had to hand over 3 or 4 times annual earnings, now expect double that for exactly the same house. Sellers of shares in a company can very reasonably expect more than they paid for them if the company has created lots of value and made the pie bigger. But trousering a decade of someone's earned income for a sh1tty home is just taking a bigger slice of the pie without creating anything...

Posted by mombers @ 04:38 PM 2 Comments

Saturday, Jun 11, 2016

Creepy data mining

Telegraph: Landlords check Facebook and other social media to vet tenants

"Landlords and letting agents are paying for 'personality reports' of potential tenants based on details obtained by trawling Facebook, LinkedIn, Twitter and other sites. Tenant Assured creates a report, with the tenants' permission, which is used to verify basic information as well as unearth other details such as applicants' credit-worthiness or whether they own pets." I wanted to post this: http://boingboing.net/2016/06/09/uk-startup-offers-landlords-co.html and this https://www.washingtonpost.com/news/the-intersect/wp/2016/06/09/creepy-startup-will-help-landlords-employers-and-online-dates-strip-mine-intimate-data-from-your-facebook-page/ but the blog doesn't seem to cope with their web addresses.

Posted by quiet guy @ 04:31 PM 1 Comments

Thursday, Jun 9, 2016

Short term dip?

Telegraph: House prices forecast to fall for the first time since 2012

House prices are set to drop for the first time since 2012, as demand for property falls at its fastest rate in eight years. A "short-term" dip in house prices over the next few months will come at the same time as rents continue to rise, according to the Royal Institution of Chartered Surveyors (Rics).

Posted by hpwatcher @ 07:27 AM 10 Comments

Monday, Jun 6, 2016

The most important vote ever

Youtube - Paul Joseph Watson: The Truth About #Brexit

Exposing the lies.

Posted by libertas @ 12:53 AM 4 Comments

Sunday, Jun 5, 2016

The House Price, Mortgage Cost Hokey Cokey

BBC: EU referendum: Brexit 'could cause mortgage rises', says Cameron

In Out, In Out, Shake it all about and Remain again suggests that Treasury analysis suggested that voting to leave the EU could add £920 to the annual cost of the average mortgage. Mortgage rates could rise by 0.7% costing the 'average' mortgage holder of a £292000 property the equivalent of less than £20 per week. On the other hand if you are looking to buy it won't make any difference at all unless you have a bigger deposit tucked away. How cheap is your vote?

Posted by enuii @ 08:11 AM 5 Comments

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