tinecu
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Posts posted by tinecu
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http://www.home.co.uk/guides/news/story.htm?value_of_money_fell_by_two_thirds_over_the_past_30_years
The average price for a detached property has risen approximately six-fold over the same period from £45,211 to £273,7002, while a troy ounce of gold has risen by 439% from £203 in 1982 to £1,096 today. Similarly, fuel costs have also risen substantially with diesel prices now 294% higher than in 1982, while the price of coffee has risen by 176% from an average price of 97p to £2.68.Time to invest in coffee?
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http://www.home.co.uk/guides/news/story.htm?china_investing_in_uk_property
Even the Chinese are investing in the UK property madness
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Who is buying at such high prices?
I've read that 60% of buyers in Central London are foriegn buyers.
What is clear is that there is sufficient demand to drive prices even higher
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This sale indicates a distinct lack of confidence in in the market IMO
http://www.loantalk.co.uk/newsstory?id=931&type=newsfeature&title=_5bn_uk_property_bank_up_for_sale
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The rightmove index is ridiculously volatile.
Best Ignore it.
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Seems that City job losses are to blame...
http://www.rman.co.u...ondon-5848.html
Perhaps the great financial services show finally over and Britain will have to get making things again! (but not houses!).
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Two articles giving a very different picture for London....
Rents and prices too high? This is the agents talking.....!
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Hmm no downturn in sight yet...
http://www.home.co.uk/asking_price_index/
"Supply of homes to market has fallen and was 7% lower last month than in June 2011.
Asking prices for homes on the market in England and Wales continue their steady rise, up a further 0.2% since last month.
Average UK asking price rises to highest value since Nov 2008, but some regions continue a downward trend.
Supply to market of properties for sale down 7% year-on-year.
Annual change in asking prices: +2.1%
6-month change: +2.7%"
Surprising stuff....
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BTL has been propping up the market thus far...
Perhaps not for much longer:
http://www.home.co.uk/guides/news/story.htm?more_tenants_in_serious_arrears_with_rent_payments
The growing number of severe tenant arrears cases and evictions has yet to filter through into increasing buy-to-let mortgage arrears.In Q1 2012, the number of buy-to-let mortgages more than three months in arrears fell by 4% compared to the previous quarter, representing an annual decline of 19%.
However, at 23,700, there are still almost double as many buy-to-let mortgages in severe arrears than four years ago.
Jardine said: “The rising level of severe tenant arrears has yet to filter through into buy-to-let arrears. In fact, buy-to-let mortgage arrears have been steadily falling since the Bank of England reduced interest rates in 2009.
“Landlords have been enjoying historically low mortgage payments, which has cushioned the blow of late rent payments, and many have met the lower mortgage costs with money set aside from slush funds, or rental guarantee schemes. However by necessity an increased number of landlords have had to resort to court orders to remove tenants in long-term arrears, and this has increased.
“While landlords’ mortgage arrears are unlikely to rocket up until the interest rates are hiked, rising tenant arrears and an unsteady labour market will provide upwards pressure.”
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Prices going up up
What a bizarre (financial) world we live in.
http://www.home.co.uk/asking_price_index/HAPIndex_JUN12.pdf
Property the new gold? Ha ha.
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Haven't about half of all EA branches around in 2007 in the UK now closed?
Far from it. Rentals are now booming.
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Gentlemen I hope you will forgive me bumping my own post but it was at the bottom of a page, and the only responder so far (thank you JD), understandably may have missed that my question was in deadly earnest.
Thank you
I think the '5 degree' you mention is to do with the increase in tilt of the earth's rotation axis and not temperature (if its in relation to Ann Walker's book).
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I know JD is itching to dismiss what I 'know', but this was nearly two decades back and it was from a source beyond the tiresome limitations of 3D. I had other distractions at the time and these events were so far ahead that I thought I had not taken the info in. Wrong of course, it all comes back as triggered feelings.
Lots of small events, in themselves not significant, but add them all together and we have an unstoppable calamity for those convinced that one physical lifetime is all there is.
My partner showed me a copy of the forthcoming events at the back of Ann(e) Walker's book 'Little One'.
It felt similar, (sorry for the vagueness). It was this content that was said to have started the binge-lunching climate change conferences. Maybe that was when the 'elites' took notice, thinking they had inside info. It might also explain the credit binge, if you follow my drift?
If I rest I may dredge up more; though sending you mail about the events of the last 24 hours seems a greater priority.
Oh for a simple life. zzzzz
Interesting predictions from Ann Walker's book:
http://www.saveourearth.co.uk/soe_article.php?id=48
Major crop failures in England in 2012.
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Up go mortgage rates....
Halifax second lender to hike rates
http://www.home.co.uk/guides/news/story.htm?halifax_second_lender_to_hike_rates
Well perhaps finally here comes the second leg down.
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Goldprice suggests Gold is UP $54 today.
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Could be the last straw for the UK property market.?
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Nice post Quiff
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Or maybe it will be London proping up the UK again
Billions and billions coming to London, China's new "place to be"
Easy money
Not sure the Chinese will like London when the riots flair up again inevitably.
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I think that these two articles some up the UK property situation time bomb...
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I wonder if the buyers at this new low price will demand delivery from the COMEX?
That would make for a very interesting January.
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Gold breaking out
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... it's now a question of how many ounces do you own.
... it's now a question of how many ounces do you hold. (In your hands).
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Gold picture : Not a safehaven for now...
Looks good to me and likely to surge in Dec/Jan.
UK House prices: News & Views
in NEWS Commentary, 2021 & Beyond
Posted
You know the game has turned farce when you see titles like this:
"Budget 2013: Gov sees housing market growth key to recovery"
http://www.home.co.uk/guides/news/story.htm?budget_2013_gov_sees_housing_market_growth_key_to_recovery
It might as well say "Gov thinks the cart will pull the horse"