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Affordable homes - Ross Clark |
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By PricedOut on
Mon, 11 Feb 2013 13:35:32 GMT
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Some good ideas and interesting facts from Ross Clark. No new ideas from Labour or the Tories who are members of the same old "affordable housing" and buy to let appreciation society.
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The more things change... PricedOut in this month’s Prospect Magazine |
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By PricedOut on
Fri, 24 Sep 2010 12:07:53 GMT
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The more things change, the more things stay the same...
Crazy mortgage lending, greed, hubris, global financial meltdown and an economy changed forever – it’s now all pretty familiar, right?
But one of the most puzzling things about the credit crunch is how little the economic and housing commentariat has changed to reflect the devastation the crunch wrecked on pre 2007 received opinion. A large group of talking heads, media darlings and policy makers - who didn’t see the crisis coming or even contributed to the boom - are still out there talking. Kirstie Allsop, Gavyn Davies and recently the academic and part time journalist Stephen Nickell.
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PricedOut Newsletter – April 2010 |
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Newsletter
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By PricedOut on
Fri, 02 Apr 2010 09:38:15 GMT
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PricedOut Newsletter – April 2010
Dear PricedOut member,
Last month saw the launch of PricedOut’s response to a controversial Treasury paper that has recently been released on the role of the UK Private Rented Sector. The Treasury paper is potentially disastrous for First Time Buyers and Owner Occupiers in its:
- Calls for further tax breaks for buy-to-let investors;
- Calls for larger, institutional investors such as pensions and insurance firms to enter the UK buy-to-let market;
- Failure to acknowledge the impact that the buy-to-let sector has had on UK house prices over the last 10 years;
- Failure to acknowledge or address the social consequences of the exponential growth in buy-to-let over the last ten years.
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Housing and the credit crunch report |
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By PricedOut on
Thu, 26 Feb 2009 12:54:56 GMT
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In a report from a government select committee on housing and the credit crunch (http://news.parliament.uk/2009/02/housing-and-the-credit-crunch-report/) the weaknesses of the buy-to-let system has been brought into stark view. As part of their recommendation, the committee stated that there is a need to ‘extend the period of notice that a lender is obliged to give a buy-to-let tenant that their home is at risk of repossession’ and provide ‘guidance for lenders re-possessing privately rented properties ensuring they make arrangements for the professional management of these homes’.
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Time for policy changes |
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By PricedOut on
Wed, 25 Feb 2009 19:40:48 GMT
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The credit crunch and crashing house prices have put a stop to delusional thinking (except vendors and estate agents). Now many people are emerging with their ideas on how to stop the next housing bubble.
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The Housing Market in 2008 |
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By PricedOut on
Fri, 02 Jan 2009 20:34:34 GMT
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House prices have fallen in 2008 between 12.8% and 16.8% depending on which statistics you look at. There have been regional variations, but if we needed one headline number we could use 15%. This is a good step in the right direction, but with the average house price at £162k it is still too high (can we define this? “It still stands at 5/6? times the average salary”). Factor in regional variations and there are still places where it is difficult to buy a reasonable place for under £200k.
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