TrueNorth Posted September 2, 2014 Report Share Posted September 2, 2014 http://talkdigitalnetwork.com/category/media/podcasts/feed/ MP3 : http://media.blubrry.com/howestreet/www.howestreet.com/audio/Hoye_Bob_2014_09_12.mp3 Link to comment Share on other sites More sharing options...
drbubb Posted September 12, 2014 Report Share Posted September 12, 2014 Imagine the Big pride in Owning "the World's smallest house" ( No, it's not in Hong Kong ) GBP 275,000 ... in Islington, near Upper St. http://www.theguardian.com/business/2014/sep/05/north-london-tiny-275k-house-for-sale-zoopla Link to comment Share on other sites More sharing options...
drbubb Posted September 20, 2014 Report Share Posted September 20, 2014 Scottish property market will stir back to life following referendum to stay in UK This is Money - 3 hours ago Some brokers said buyers were even making offers which were conditional on a No vote, while there were also warnings mortgage deals would have become harder to obtain if Scotland did become independent. Link to comment Share on other sites More sharing options...
borassic Posted September 20, 2014 Report Share Posted September 20, 2014 Something MSM are not reporting - The UK's current account deficit. The excellent Tim Morgan gives us a reality check: http://surplusenergyeconomics.wordpress.com/ Link to comment Share on other sites More sharing options...
callmejoe Posted October 14, 2014 Report Share Posted October 14, 2014 http://www.bloomberg.com/news/2014-10-12/bargains-for-rich-as-costlest-london-homes-get-cheaper.html Bargains for Rich as Costliest London Homes Get Cheaper Link to comment Share on other sites More sharing options...
callmejoe Posted October 27, 2014 Report Share Posted October 27, 2014 If you listen to Clif High's latest IDIR, he says there's going to be huge dumping of houses on the market, starting in Nov. USA, Canada, UK, Australia, new Zealand, China Banks dumping properties to raise money. Really bad from Nov to March, after which it gets worse Very substantial drops in house prices Link to comment Share on other sites More sharing options...
drbubb Posted November 11, 2014 Report Share Posted November 11, 2014 Being launched in Hong Kong Link to comment Share on other sites More sharing options...
drbubb Posted November 24, 2014 Report Share Posted November 24, 2014 London Property market - Hates those "crazy prices" I see things like this offered in the HK newspaper (The Standard, Nov. 24, 2014) London highrises, off-plan Lexicon (36 storey glass tower, overlooking Regents canal) : 1 BR: from 695,000 Eagle Black (Art-deco tower, 3 minutes walk to Old Street ) : 1 BR: from 895,000 I am sorry folks, but these prices are way beyond madness. Renting a GBP 700k flat with a 5% yield will cost : GBP xx per month WHO can afford that? Especially for a 1BR flat in what is not really a prime location (let's be honest) This is crazy !And the market is beginning to realise. (These projects could crash, I reckon.) At the SMART property conference this weekend, there were three outside-London properties being promoted, and I spoke to the people promoting them, and they quietly admitted that "London Luxury property prices have dropped." One guy said: "Some of the properties above GBP 2mn are down 20%" Let's shout it from the rooftops ! (Actually, some of the outside London properties at GBP 150 - 300 psf may make sense. I think people will "play the arb", by selling down in London, and buying outside. Especially the baby boomers.) Link to comment Share on other sites More sharing options...
callmejoe Posted November 24, 2014 Report Share Posted November 24, 2014 Clif High has predicted that people will turn away from investing in property for generations. If so, not only will prices crash, they'll stay down for the forseeable future. Hmmm, if they sell flats in Gilbert House in the Barbican for 50 gold sovereigns, I might buy one .... or 2 http://www.rightmove.co.uk/property-for-sale/property-29041266.html Link to comment Share on other sites More sharing options...
drbubb Posted November 25, 2014 Report Share Posted November 25, 2014 Gilbert House: 1 bedroom flat for sale Gilbert House, Barbican, London, EC2Y Sold STC £700,000 Prev Next Sold STC Property Description Full descriptionTenure: Leasehold SOUTH FACING, ONE BEDROOM flat with STUDY/ storage area. Retaining many original features, including the Brooke Marine kitchen, original bathroom and separate w.c.This lovely one bedroom flat is presented in immaculate order with views towards the historic St Giles-without-Cripplegate church.=== Looks Nutty to me... Especially when I know what it costs to buy something nice in Chiang Mai Link to comment Share on other sites More sharing options...
drbubb Posted December 9, 2014 Report Share Posted December 9, 2014 UPDATING ... UK Houseprice Data Mo.: Rt'mov : London : Rest of UK %chg / Nt'wide : H-oldSA Halif.SA Hal.NSA: HNindex : mom : DelusIdx 2010 J. : : 222,261 : 407,731 : 153,844 - 0.10% / 163,481 169,777 168,390 165,514 : £164,497 :- 0.11% :135.1% :sa F : : 229,398 : 427,987 : 153,896 +0.03% / 161,320 166,857 166,928 165,997 : £163,659 :- 0.51% :140.2% M : : 229,614 : 417,461 : 151,803 - 1.36% / 164,519 168,521 168,435 167,808 : £166,164 :+1.53% :138.2% A : : 235,512 : 421,822 : 160,233 +5.55% / 167,802 168,202 168,593 170,772 : £169,287 :+1.88% :139.1% : M : : 237,134 : 420,203 : 160,582 +0.22% / 169,162 167,570 167,207 169,204 : £169,183 :- 0.06% :140.2% J. : : 237,767 : 429,597 : 159,587 - 0.62% / 170,111 166,203 165,686 166,395 : £168,253 :- 0.55% :140.5% Jl : : 236,332 : 422,248 : 159,348 - 0.15% / 169,347 167,425 167,497 168,331 : £168,839 :+0.35% :140.0% A. : : 232,241 : 405,058 : 158,607 - 0.46% / 166,507 = n/a = 168,124 168,889 : £167,698 :- 0.68% :138.5% S. : : 229,767 : 399,019 : 157,360 - 0.79% / 166,757 = n/a = 161,974 163,639 : £165,198 :- 1.49% :139.1% O : : 236,849 : 418,778 : 158,788 +0.91% / 164,279 = n/a = 164,949 165,275 : £164,777 :- 0.25% :143.7% :H N : : 229,379 : 417,279 : 153,519 - 3.32% / 163,133 = n/a = 164,622 163,268 : £163,201 :- 0.96% :140.5% : D : : 222,410 : 408,248 : 150,592 - 1.91% / 162,249 = n/a = 162,803 161,498 : £161,874 :- 0.81% :137.4% : == Mo. : Rt'mov : London : Rest of UK %chg / Nt'wide : H-oldSA Halif.SA Hal.NSA: HNindex : mom : DelusIdx 2013 J. : : 229,429 : 480,890 : 144,748 : = N/A = / 162,245 = n/a = 162,844 160,613 : £161,429 : - 0.40% : 142.1% : F. : : 235,741 : 486,298 : 146,748 : = N/A = / 162,638 = n/a = 163,600 162,011 : £162,325 : +0.56% : 145.3% : M : : 239,710 : 496,298 : 148,259 : = N/A = / 164,630 = n/a = 163,943 163,930 : £164,280 : +1.20% : 145.9% : A : : 244,706 : 493,635 : 151,518 : = N/A = / 165,586 = n/a = 166,175 167,026 : £166,745 : +1.50% : 146.8% : M : : 249,841 : 509,870 : 153,391 : = N/A = / 167,912 = n/a = 166,898 167,831 : £167,898 : +0.68% : 148.8% : J. : : 252,798 : 515,243 : = N/ A = : = N/A = / 168,941 = n/a = 167,984 170,184 : £169,563 : +0.99% : 149.1% : Jl : : 253,658 : 515,378 : = N/ A = : = N/A = / 170,825 = n/a = 169,624 172,015 : £171,420 : +1.10% : A. : : 249,199 : 501,067 : = N/ A = : = N/A = / 170,514 = n/a = 170,149 170,098 : £170,306 : -0.65% : S. : : 245,495 : 493,748 : = N/ A = : = N/A = / 172,127 = n/a = 170,767 170,908 : £171,518 : +0.71% : O : : 252,418 : 544,232 : = N/ A = : = N/A = / 173,678 = n/a = 171,991 172,554 : £173,116 : +0.93% : N : : 246,237 : 517,276 : = N/ A = : = N/A = / 174,566 = n/a = 174,910 174,671 : £174,619 : +0.87% : D : : 241,455 : 513,466 : = N/ A = : = N/A = / 175,826 = n/a = 173,467 171,064 : £173,445 : - 0.67% : Mo. : Rt'mov : London : Rest of UK %chg / Nt'wide : H-oldSA Halif.SA Hal.NSA: HNindex : mom : DelusIdx 2014 J. : : 243,881 : 514,704 : = N/ A = : = N/A = / 176,491 = n/a = 175,546 173,104 : £174,798 : +0.78% : F. : : 251,964 : 541,313 : = N/ A = : = N/A = / 177,846 = n/a = 179,872 178,401 : £178,124 : +1.90% : M : : 255,962 : 552,530 : = N/ A = : = N/A = / 180,264 = n/a = 178,249 177,840 : £179,052 : +0.52% : A : : 262,594 : 572,348 : = N/ A = : = N/A = / 183,577 = n/a = 177,524 178,430 : £181,004 : +1.09% : M : : 272,003 : 592,763 : = N/ A = : = N/A = / 186,512 = n/a = 184,464 185,747 : £186,130 : +2.83% : J. : : 272,275 : 589,776 : = N/ A = : = N/A = / 188,903 = n/a = 183,462 186,336 : £187,620 : +0.80% : Jl : : 270,159 : 587,174 : = N/ A = : = N/A = / 188,949 = n/a = 186,322 189,726 : £189,338 : +0.92% : A. : : 262,401 : 552,783 : = N/ A = : = N/A = / 189,306 = n/a = 186,240 185,997 : £187,652 : -0.81% : S. : : 264,875 : 557,792 : = N/ A = : = N/A = / 188,374 = n/a = 187,188 187,018 : £187,696 : +0.02% : O : : 271,669 : 596,692 : = N/ A = : = N/A = / 189,333 = n/a = 186,135 185,517 : £187,425 : -0.14% : N : : 267,127 : 601,180 : = N/ A = : = N/A = / 189,388 = n/a = 186,941 187,523 : £188,456 : +0.55% : D : : Mo. : Rt'mov : London : Rest of UK %chg / Nt'wide : H-oldSA Halif.SA Hal.NSA: HNindex : mom : ========================================== mom:+1.18% : +1.05% :: Est. DI : : 149.1% / +0.61% = n/a = : +0.44% : +0.48% : +0.99% : === Links: Halifax : Nationwide :Rightmove : Hometrack : Home.co.uk : KnFr-PrimeC > WHERE's the BEEF? Increases in Asking prices - from Oct. 2007 to Spring (April) 2014 Gr. London: +41.8% Eng&Wales : + 8.7% South East. : + 8.4% South West : + 4.1% East Anglia. : + 2.4% West Midlds : - 2.5% East Midlds. : - 4.2% North -------- : - 5.4% Wales-------- : - 7.4% Yorks&Humb: - 7.5% North West- : - 8.8% Link to comment Share on other sites More sharing options...
tinecu Posted December 9, 2014 Report Share Posted December 9, 2014 At the SMART property conference this weekend, there were three outside-London properties being promoted, and I spoke to the people promoting them, and they quietly admitted that "London Luxury property prices have dropped." One guy said: "Some of the properties above GBP 2mn are down 20%" Let's shout it from the rooftops ! (Actually, some of the outside London properties at GBP 150 - 300 psf may make sense. I think people will "play the arb", by selling down in London, and buying outside. Especially the baby boomers.) See: http://www.home.co.uk/guides/asking_prices_report.htm?location=belgravia&lastyear=1 Link to comment Share on other sites More sharing options...
drbubb Posted December 10, 2014 Report Share Posted December 10, 2014 HOME Prices in London Surpass Hong Kong - SCMP Headline . ==========: US$/SF : %Lon.: F/X : Lcl-FX/ SF : x 10.76 (/SM) London---- : 3,380 : 100 % : 1.57 : GBP 2,153 : Hong Kong- : 3,290 : 97.3% : 7.75 : HKD 25,498 : New York--- : 3,042 : 90.0% : 1.00 : USD 3,042 : Sydney------ : 2,030 : 60.1% : 0.83 : AUD 2,445 : Paris--------- : 1,860 : 55.0% : 1.24 : EUR 1,500 : Singapore -- : 1,605 : 47.4% : 1.31 : SGD 2,102 : Los Angeles : 1,500 : 44.4% : 1.00 : USD 1,500 : Tokyo ------- : 1,380 : 40.8% : 119 : JPY 164,220 : Mumbai----- : 1,225 : 36.2% : Milan/Rome : 1,000 : 29.6% : 1.24 : EUR 0,806 OTHER Cities) Philadelphia- : $ 102 : 03.0% : 1.00 : USD$142,300/house (1400sf.Est) Washingt.DC : $ 198 : 05.9% : 1.00 : USD$443,000/house (2237sf) almost 2X larger Makati, Phil.- : $ 298 : 08.8% : 44.5 : PHP 13,267 : 142,750/sm Bangkok, Th. : $ 303 : 09.0% : 32.8 : THB 09,944 : 107,000/sm "However, HK could regain its position, as prices are in an upswing" (and the HKD and USD are strong against other currencies") Link to comment Share on other sites More sharing options...
drbubb Posted December 12, 2014 Report Share Posted December 12, 2014 London is exceptional, but can it stay so? "London should break free from Little England" - Philip Stephens in today's Asian-FT / = "London does not need a mayor; it needs a Prime Minister" "The world's most vibrant capital city cannot entrust its faith to a little England." "The economics of independence speak for themselves" + Population of 8.5 million (13.5 million in wider Metro area) accts for 1/5th of Britain's GDP + An economy which is "the size of Sweden" (which has a population of XX million) + Unemployment is less than 3 percent, and the demographic is younger than the rest of UK + Tourists spend GDP 20 Billion p.a. + London is a hub of global businesses, & hums with energy, enterprise, & people having fun "London should eschew centralised govt., adopting a federal constitution" "Power is best exercised closer to the people" "A liberated capital would show that diversity is its strength" (cough, cough) "The pinched English nationalists of UKIP... would cry foul... (are) confounded by London's success." (are they? really?) Link to comment Share on other sites More sharing options...
borassic Posted December 28, 2014 Report Share Posted December 28, 2014 London is now the world's Blackpool... Link to comment Share on other sites More sharing options...
callmejoe Posted January 1, 2015 Report Share Posted January 1, 2015 http://www.zerohedge.com/news/2014-12-31/uk-literally-runs-out-bricks-scramble-build-unprecedented-housing-bubble UK Literally Runs Out Of Bricks In Scramble To Build Unprecedented Housing Bubble Link to comment Share on other sites More sharing options...
drbubb Posted January 10, 2015 Report Share Posted January 10, 2015 London Property's advantages are under threat Global Game changers - FT article in Sat. edition Liam Bailey, Knight Frank: "From London to Hong Kong, the one constant of post-financial crisis residential markets has been the ratcheting up of property taxation, and restrictions on property purchases..." "Affordability of housing has become a growing issue in lots of cities..." (Some restrictions) "... are designed explicitly to penalize foreign buyers" Yolanda Barnes, Savills: "Across the developed world, capital is concentrated in the hands of older, homeowning households. Globally, the generational divide between equity rich "boomers" and equity-poor "millennials" is significant and growing." . . . "No choice renting is rising fast" (for the under 40's) "We need to find new ways to help disenfranchised generations accumulate equity, and access home ownership..." (Am I getting a wiff of Income Redistribution, from these London based commentators?) Link to comment Share on other sites More sharing options...
drbubb Posted February 15, 2015 Report Share Posted February 15, 2015 London's Lead is falling down Prime reasons to Quit London - FT, 2/15/2015 The family friendly towns and cities attracting buyers from the capital... Many people are choosing to flee the capital for small, more family friendly cities In a report entitled, "new Prime Urban markets", Knight Frank highlighted four locations they think will be worthy of Special attention. (What GBP 1 million can buy you in...): + Oxford: A 3BR, semi-detached house in Jericho, near the city centre + Cheltenham: A 5BR, Regency townhouse in the centre + Bristol: A 4BR, Edwardian house in Clifton, an affluent suburb + Bath: A pretty six BR townhouse, a short walk from the city centre What they're aiming for: "The Best of both worlds, (a cheaper price, like 40-50% cheaper and) ... you can be in the centre of town and have the buzz of being in London, with coffee shops and restaurants, and in 10 minutes you're walking through a field overlooking and empty valley" (or some other non-urban experience you may favor.) "They are all very different... But they have similar drivers: good schools, a good cultural offer, and attractive period housing - and that's what sets them apart." The price shift has already started, with three of these areas outperforming London: + Prime Central London : +5.1% + Bath : +5.0% + Oxford : +6.1% + Bristol and Cheltenham, both: +6.8% Link to comment Share on other sites More sharing options...
drbubb Posted February 22, 2015 Report Share Posted February 22, 2015 This project is being promoted in HK now Link to comment Share on other sites More sharing options...
drbubb Posted April 7, 2015 Report Share Posted April 7, 2015 A creative solution to the wealth drain into the Top 1% A fiscal fix to the peculiarly flawed property market - John Muellbauer, pg.7 "no other advanced country has such an unfair property tax." What he is talking about is the Council band system, where taxes are based on outdated valuiations, rather than current values which can be easily obtained from websites like Rightmove. The result of using this old system is that : + A home in Band H pays only 30% of the tax of a home in Band A (the lowest valuation), and + A home in a GBP 2.4 mn home pays only pays only 7.5% as much as a home in Band A (worth GBP 60k) An important reason this is done is that there are many (mostly older?) people who are asset rich, and cash poor - and so would have trouble finding the cash to pay the tax. Mr Muellbauer suggests that the tax could be paid as a share of equity: "Suppose the the tax rate was 1%. For those choosing tax deferral, the govt would register a 1% per cent gross equity stake, to be paid out at the next transfer of ownership." This new system would encourage downsizing, and: "There would be many economic benefits, not the least productivity gains from the better use of housing stock." Link to comment Share on other sites More sharing options...
drbubb Posted April 14, 2015 Report Share Posted April 14, 2015 UK HousePriceCrash "hopes": "London is estimated to go down by 3.6% this year, the FT reporting that prime property sales are down by 80%..." > HPC-#6604: http://www.housepricecrash.co.uk/forum/index.php?/topic/195761-is-prime-london-crashing/page-441 But the Barratt bellwether is not yet in harmony with the Bears ... update Link to comment Share on other sites More sharing options...
TrueNorth Posted April 16, 2015 Report Share Posted April 16, 2015 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/ Link to comment Share on other sites More sharing options...
drbubb Posted April 29, 2015 Report Share Posted April 29, 2015 Good and Bad for BTL Here are some Ratings from the Global Property Guide Location---- : Yield% : Rating--- : L.T. : Hong Kong-- : 2.82% : Very Poor : 2 Singapore--- : 2.83% : Very Poor : 2 UK, London : 3.21% : Very Poor : 2 US, New York: 3.91% : Very Poor : 3 Aust., Sydney : 4.39% : Poor ---- : 2 Malaysia, K.L. : 4.57% : Poor ---- : 4 (Better) Japan, Tokyo : 5.02% : Moderate- : 2 Thail,Bangkok : 5.13% : Moderate- : 4 New Z., Auckl.: 6.09% : Mod.toGood: 4 Phil.,M.Manila : 7.51% : Good ---- : 3 Costa Rica, SJ : 8.38% : Excellent- : 3 Panama,PCity : 8.99% : Excellent- : 5 === > http://www.globalpropertyguide.com/investment-rating Question: What Locations are most heavily marketed in HK? There's a connection to the ratings, certainly! Why do you suppose that is? (Quick answer: think about the size of commissions) Link to comment Share on other sites More sharing options...
drbubb Posted April 29, 2015 Report Share Posted April 29, 2015 The huge lie at the heart of britain's housing policy FT: A debate on UK housing is conducted in bad faith "Britain can build many more houses and remain green and pleasant" Yes we can have more wildlife and Housing (especially with a land value tax) Link to comment Share on other sites More sharing options...
drbubb Posted April 30, 2015 Report Share Posted April 30, 2015 http://www.zerohedge.com/news/2014-12-31/uk-literally-runs-out-bricks-scramble-build-unprecedented-housing-bubble UK Literally Runs Out Of Bricks In Scramble To Build Unprecedented Housing Bubble Doesn't that mean: They are building more properties than the UK's brick-making capacity can support? --- i.e. A record amount of new homes? Link to comment Share on other sites More sharing options...
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