tomas

Bloody submerged by people moving to Weybridge from Clapham and the like....."want more room, good schools etc".... Brought up here and lived here for most of my life but cant compete with the continuous stream of BMW X5 yummy mummy brigade. 5/600k doesnt buy you much of a family home in the area and we have been trying for a long time to stay where our family is and our friends and roots are (both 35 + two kids).

Pinched from HPC. I thought this quite interesting that some notionally central players allowed the veil to be dropped here. Some real acknowledgement and discussion on the subject. Even though you have to laugh at the notion they could ever hope to pick a figure at which prices should stop falling http://www.moneymark...1015197.article Coalition ready to let property values fall Industry experts believe the Government is more focused on helping businesses than it is on supporting the housing and mortgage markets. Speaking at a Money Marketing round table last week, Barclays director of intermediaries David Finlay said the Government sees the housing market as something that will start to recover naturally after the rest of the economy is on a better footing. He says: “I think the coalition Government has taken a slightly different view, in that they are very much looking at the business economy and the banking sector as a whole. I think they are potentially looking at housing as the lag element to their wider proposition. All they are really concentrating on is the economy.” Association of Mortgage Intermediaries director Robert Sinclair said the Government does not want to stimulate the housing market and it may even want to see property values fall from a “disproportionate” level. He said: “They do not want to be in that position again where people treat their properties like an ATM. We have got this big pressure coming from the Treasury where we saw this big rise in the capital value of property which they believe was disproportionate. “They do expect this fall in the capital values of residential properties from about £4trn. They think £3trn might be a better number, nobody is going to come out and say that though.” Building Societies Association head of mortgage policy Paul Broadhead said: “All of a sudden, it seems the support is unravelling, which will make consumers far more cautious about whether they should upsize now and whether they should even get on to the ladder.”

Into the $820's Maybe...... "....institutions need to realise their assets (gold) by selling" has legs.

The spread in NY is $16 as opposed to $5 or so in London/Zurich. Wouldnt it make sense for them to buy in London/Zurich or are they wedded to the dollar? Can someone elucidate?