tag:blogger.com,1999:blog-2948538160252327076.post2532325982957024607..comments2023-11-02T15:48:50.381+00:00Comments on UK Bubble UK Economy: This time it is differentAlice Cookhttp://www.blogger.com/profile/05753570123987780947noreply@blogger.comBlogger22125tag:blogger.com,1999:blog-2948538160252327076.post-1456200957453856112009-08-30T08:31:58.350+01:002009-08-30T08:31:58.350+01:00With falling productivity, falling tax returns and...With falling productivity, falling tax returns and more people out of work and on benefits there is only one way that graph is going for the next few years!ricknoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-74661846707056236692009-08-30T05:56:32.841+01:002009-08-30T05:56:32.841+01:00They will partly pay it back in blood money. Darli...They will partly pay it back in blood money. Darling is off to a great start.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-50077029126620674082009-08-29T19:02:39.437+01:002009-08-29T19:02:39.437+01:00Types of chocolate:
Commercially available chocol...Types of chocolate: <br /><a href="http://www.104woo.com.tw" rel="nofollow">Commercially</a> available <a href="http://www.hoard.com.tw" rel="nofollow">chocolate</a> and chocolate can be <a href="http://www.sunny-yoga.net" rel="nofollow">divided</a> into <a href="http://www.sunsgarden.com.tw" rel="nofollow">thermostat</a> thermostat-free chocolate, the so-called free thermostat chocolate, is chocolate containing cocoa butter <a href="http://www.pageone.cc" rel="nofollow">composition</a> of the <a href="http://www.pandora-mall.com" rel="nofollow">separation</a>, and then replace the <a href="http://www.cosmifilm.com.tw" rel="nofollow">cocoa butter</a> to <a href="http://www.gokenting.com.tw" rel="nofollow">vegetable</a> oils, due to low prices, easy and in the is not easy to melt under high ambient <a href="http://www.care668.com" rel="nofollow">temperature</a> have been widely used in commercial <a href="http://www.love-motel.com.tw" rel="nofollow">purposes</a>, the French chocolate <a href="http://www.ta89.com" rel="nofollow">Technology</a> Normal <a href="http://www.ichentools.com" rel="nofollow">University</a> are reluctant to use the thermostat-free chocolate.<br /><br /><a href="http://www.cthome.com.tw" rel="nofollow">Dalai Lama's</a> public trip from August 31 to September 2. Dalai Lama plans on the 30th night entry from <a href="http://www.nuimage.com.tw" rel="nofollow">Taoyuan</a> International <a href="http://www.ta-520.com" rel="nofollow">Airport</a>, 31 Chinese and foreign <a href="http://www.kinghouse.cc" rel="nofollow">journalists</a> will be held the morning, afternoon, and visits prospecting disaster victims, on the 1st of the trip was a public speech and the <a href="http://www.youcute.com.tw/winken" rel="nofollow">victims</a> of the village, a modern place in Kaohsiung City <a href="http://www.cpchen.com.tw" rel="nofollow">Comprehensive</a> Stadium, 2 No. Han God Dome Banquet Hall with <a href="http://www.fhherb.com.tw" rel="nofollow">Cardinal</a> Paul Shan Kuo-hsi of the talk.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-17042928704168474652009-08-29T08:05:14.275+01:002009-08-29T08:05:14.275+01:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-68673407175967878352009-08-29T00:17:44.390+01:002009-08-29T00:17:44.390+01:00Anon @ 00:10 "likely fact that"
likely ...Anon @ 00:10 "likely fact that"<br /><br />likely probability perhaps?Mr Pedantnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-46623411482187805882009-08-29T00:10:42.471+01:002009-08-29T00:10:42.471+01:00boiling frog: "I'd like to be opimistic, ...boiling frog: "I'd like to be opimistic, and I hope will all end well."<br /><br />But be realistic and prepare for the very likely fact that it will not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-3532403278908641622009-08-28T22:51:33.574+01:002009-08-28T22:51:33.574+01:00With govt borrowing going up and GDP going down, I...With govt borrowing going up and GDP going down, I think the last part of that graph is pointing in the wrong direction.<br />I'd like to be opimistic, and I hope will all end well.boiling frognoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-54587550864884633302009-08-28T19:59:59.328+01:002009-08-28T19:59:59.328+01:00This comment has been removed by a blog administrator.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-13406974247881063702009-08-28T16:18:08.761+01:002009-08-28T16:18:08.761+01:00great article. Its always good to get a perspectiv...great article. Its always good to get a perspective from across the pondRalph D Bredahlhttp://ralphandtricia.comnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-68011566414383101152009-08-28T11:56:05.212+01:002009-08-28T11:56:05.212+01:00APL
Sell? God no! The UK is a slum lord's par...APL<br /><br />Sell? God no! The UK is a slum lord's paradise under this government. Not only are they keeping rents at artificial levels but house prices too.<br /><br />And who pays for all this intervention? Taxpayers! And what a bill! I would estimate that 30% of income tax revenue goes straight into pockets of people like me,<br /><br />All governments will back property because a lot of silly voters (those that only own the home they live in) love thinking they are getting rich by doing nothing.<br /><br />90% of estate agent window shoppers are not potential buyers or sellers, but people who live near by and want to see that their house is worth £££.Slum Lord 2010noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-21776767407905154002009-08-28T07:53:15.937+01:002009-08-28T07:53:15.937+01:00Slum Lord 2010: "quailfy for £97pw HB. Gold m...Slum Lord 2010: "quailfy for £97pw HB. Gold mines!"<br /><br />So, you are not proposing to sell these properties then?APLnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-6499642605685168342009-08-28T07:51:43.075+01:002009-08-28T07:51:43.075+01:00The Slum Lord 2010: "The Bank of England has ...The Slum Lord 2010: "The Bank of England has told us that rates will be held at 0% for years."<br /><br />Tried getting a 0% loan from the Bank of England lately? Good luck.<br /><br />The banks on the other hand, well, you might get a loan for upward of 6%.<br /><br />Of course ymmv.APLnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-37203418950013469612009-08-27T23:44:57.419+01:002009-08-27T23:44:57.419+01:00BinMan
Housing Benefit putting a floor under rent...BinMan<br /><br />Housing Benefit putting a floor under rents...I can vouch for that!<br /><br />Crappy 2 bed dumps in Gateshead (a bigger dump) which were changing hands for £15k 10 years ago, quailfy for £97pw HB. Gold mines!Slum Lord 2010noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-50503280638034878222009-08-27T22:21:36.680+01:002009-08-27T22:21:36.680+01:00Bob, hang on, your rent will deflate soon enough.R...Bob, hang on, your rent will deflate soon enough.Rents are falling in the US, the reason they're not falling here just yet is Housing Benefit, it's putting a floor under the price.<br /><br />Government debt is going parabolic, the civil service is drawing up plans to cut public spending by 30%, this will include Housing Benefit. <br /><br /><br />SlumLord: <br />The Bank of England have no control over interest rates, it is incredible how many people do not understand this fact.TheBinMannoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-57667678113909821892009-08-27T21:12:11.016+01:002009-08-27T21:12:11.016+01:00Ah, but we get a new government next year. And onc...Ah, but we get a new government next year. And once that inflation gets going, up will have to go the interest rates to choke it. And that mortgage on the £400 grand our man borrowed will see his house repossessed. <br /><br />The market is artificial. The volumes are low, those who are getting mortgages are probably not average citizens who fear for their jobs or are not getting overtime. So I wouldn't allow a couple of months of wishful thinking by vested interests ( banks and estates agents ) get you all hot under the collar about missing the next wave of houseprice bubble.<br /><br />The prices are not back to long term trend yet. Not to median earnings. See the entries of August 6/7 on this blog.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-45930951955137273522009-08-27T20:16:56.870+01:002009-08-27T20:16:56.870+01:00I think the recession really starts about 12 month...I think the recession really starts about 12 months after the government starts paying back what they owe. House price (and stocks) analysis is meaningless when the economy is being flooded with up to 200bn of QE money and debt levels are being maintained.mikehttps://www.blogger.com/profile/05772374031938763566noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-32407684158631649012009-08-27T19:06:21.405+01:002009-08-27T19:06:21.405+01:00Annon at 17:41
No, it is affordabililty that matt...Annon at 17:41<br /><br />No, it is affordabililty that matters. The Bank of England has told us that rates will be held at 0% for years. Mortgages will soon get cheaper and cheaper as things recover and the fear lifts.<br /><br />Average joe will be able to afford the interest of a £400k mortgage at 2%. And he will go out and borrow that amount if thats what he needs to buy a place to live.<br /><br />Yes, without income rises there is a ceiling but in this new era of 0% rates there is still a lot of headroom.Slum Lord 2010noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-77620769950839320432009-08-27T17:41:40.698+01:002009-08-27T17:41:40.698+01:00"Once we get back to a stable 10-20% pa price..."Once we get back to a stable 10-20% pa price inflation, the ecomony will do just fine. "<br /><br />You are being sarcastic I take it? The only metric which matters is wages. Without real wage growth any inflation in prices will kill the average Joe. A decade ago people used to talk about wages. The last 10 years it has all been about access to credit (debt). There is not a monkey's chance in a blender that anything good can happen in the economy if wages are static at best, or actually falling. Wages, and the resultant affordability, is the whole ball game.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-79734394109082084242009-08-27T17:36:27.408+01:002009-08-27T17:36:27.408+01:00The most important thing is that the banks have th...The most important thing is that the banks have the cash to fuel the engine of the economy - the housing market.<br /><br />Once we get back to a stable 10-20% pa price inflation, the ecomony will do just fine. (well my local Porsche dealership will do anyway!)Slum Lord 2010noreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-17405773807461951592009-08-27T17:30:55.078+01:002009-08-27T17:30:55.078+01:00Quick note about housing prices:
I live in Hove, ...Quick note about housing prices:<br /><br />I live in Hove, East Sussex. I rent a tiny (but OK) one bedroom flat for £625 per month. I have just looked around 3 similar flats, in similar streets. The cheapest is on the market for £145,000. The best mortgage I could get would be £18,000 down payment and then fixed for three years at 6.99% being £850 per month. Can someone please tell me why I would rather pay £225 more per month to live in a similar flat to my rental, and have to 'invest' £18,000 which in the bank would still make me a bit of interest? There is no way the housing market is fully deflated at this level of difference between rental and mortgage affordability.<br /><br />BobAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-10732241999326377582009-08-27T16:50:02.835+01:002009-08-27T16:50:02.835+01:00And there are more people now to share the GDP bet...And there are more people now to share the GDP between.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2948538160252327076.post-63436986554192686822009-08-27T14:08:21.352+01:002009-08-27T14:08:21.352+01:00Indeed, and please bear in mind that reassuring do...Indeed, and please bear in mind that reassuring downturn in 2011-12 is just an aspiration. It may never happen.Nationalisthttps://www.blogger.com/profile/00298563601180545788noreply@blogger.com