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TrueNorth

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About TrueNorth

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    Millennium man

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    Picnic table near you.
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    Lunch, dinner, blueberries, salmon, caves, sleeping.
  1. TrueNorth

    UK House prices: News & Views

    Didn't Fred Harrison say it won't be until 2018 that the bubble pops? edited to add: just checked: 2019 Well, according to the 18-year cycle theory, the mid-cycle downturn is still five years away. That means the agonising over bursting bubbles is premature. But it also means that the house price take-off, which began early this time, will be all the more painful next time. Most of the pain, of course, will not be felt by London property owners. The proportion of high loan-to-value mortgages has reached 25% in the north-east, compared to 7% in London, according to data provided by chartered surveyors e.surv. The economics of apartheid continue to operate, with a vengeance, thanks to the cash subsidies and indemnities from Cameron’s coalition government. from: http://www.sharetherents.org/return-sub-prime/
  2. TrueNorth

    UK House prices: News & Views

    http://talkdigitalnetwork.com/category/media/podcasts/feed/ MP3 : http://media.blubrry.com/howestreet/www.howestreet.com/audio/Hoye_Bob_2014_09_12.mp3
  3. TrueNorth

    UK House prices: News & Views

    Bob Hoye cites the drop in London property prices as a key indicator in his Talk Digital report on 22/08/2014 [podcast].
  4. TrueNorth

    UK House prices: News & Views

    Yes, I blame HelpTheBuilders®. It has simply served to inflate prices by the amount of "free" money on offer.
  5. TrueNorth

    UK House prices: News & Views

    Houses are selling like hotcakes in the north of scotland. Prices are definitely higher than before. We are now thinking we should buy, mostly because we are fed up with dealing with intrusive landlords. Our rent will have gone up +10% in 2.5 years, to £1000 by the end of this year. For £200 more/month we can buy a larger, older home, and walk to work instead of commuting by car. I still hate the idea of buying in this overheated market, but I would like a bit of freedom to do as I please.
  6. TrueNorth

    UK House prices: News & Views

    Nadeem's latest on UK interest rates/house prices, and mark carney's insincerity: http://www.marketoracle.co.uk/Article46253.html
  7. TrueNorth

    UK House prices: News & Views

    graph from above article, Market Oracle
  8. TrueNorth

    UK House prices: News & Views

    http://www.marketora...ticle41905.htmlUK House Prices Bull Market Soaring Momentum, 10% Inflation by October? Housing-Market / UK Housing Aug 19, 2013 - 03:11 AM GMTBy: Nadeem_Walayat Prospective U.K. home buyers who may have been persuaded by the pseudo-economists, financial / economic journalists that populate the mainstream press as to the sustainability for any rise in UK house prices will over the past few months been finding themselves in an increasingly panicky state as UK house prices have literally started to soar as illustrated by the latest data and news out of RICS that reported that house prices are now rising at their fastest pace in 7 years, with their indices giving their best readings since November 2006.
  9. TrueNorth

    UK House prices: News & Views

    Very good interview Dominic. Would someone please post the text of the newspaper article Dominic and Max were talking about? I believe it is from the FT, but I don't subscribe, and don't want to for one article.
  10. "NUGT - A nice +86% rally from the Low" holy schmokes, that is impressive!
  11. Gold-to-CRB is key to what Institutional Advisors (Bob Hoye, Ross Clark) use as their proprietary index.
  12. TrueNorth

    UK House prices: News & Views

    Top economist warns of 'disastrous' house price crash due to new Government lending scheme ONE of Britain’s leading economists today warned of a potentially “disastrous” house price crash due to a new Government home-buying scheme that many fear is causing an unsustainable bubble. http://www.express.co.uk/news/uk/416885/Top-economist-warns-of-disastrous-house-price-crash-due-to-new-Government-lending-scheme
  13. TrueNorth

    UK House prices: News & Views

    Dr B I think all these recent programs to subsidize UK buyers & prop up the builders are simply being seen in higher prices. I think that is all that is required to explain the recent rise.
  14. TrueNorth

    GOLD

    Thanks Goldfinger for the link. Housing less than half as expensive now as in 2000, says gold.
  15. TrueNorth

    GOLD

    OT Please can anyone advise what the price of gold was in ZAR in 2000? Am trying to calculate how many oz to buy a house then vs now.. Thank you!
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