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Bank of England must limit house price booms, says Rics
http://www.x404.co.uk/forum/viewtopic.php?f=19&t=20152		 Page 1 of 1
Author:  pcernie [ Fri Sep 13, 2013 12:58 pm ]
Post subject:  Bank of England must limit house price booms, says Rics
http://www.bbc.co.uk/news/business-24066371

Christ, I remember when Rics would have told you everything was rosey in the garden when it clearly wasn't :lol:
Author:  Amnesia10 [ Fri Sep 13, 2013 2:32 pm ]
Post subject:  Re: Bank of England must limit house price booms, says Rics
The problem is that the Bank of England is desperate for a housing bubble to eliminate the potential losses from housing loans. The banks are probably insolvent if you had mark to market valuations again, and no more QE.
Author:  l3v1ck [ Fri Sep 13, 2013 8:19 pm ]
Post subject:  Re: Bank of England must limit house price booms, says Rics
If the government stops using tax payers money to guarantee loans, then prices wouldn't rise so fast.
Author:  Amnesia10 [ Fri Sep 13, 2013 11:28 pm ]
Post subject:  Re: Bank of England must limit house price booms, says Rics
l3v1ck wrote:
If the government stops using tax payers money to guarantee loans, then prices wouldn't rise so fast.

Ignore London prices where 85% of recent sales are to foreign cash buyers, that skews that market entirely. Newcastle is also having a boom apparently, though that could be down to other factors.
Author:  ShockWaffle [ Sat Sep 14, 2013 2:10 am ]
Post subject:  Re: Bank of England must limit house price booms, says Rics
Amnesia10 wrote:
Ignore London prices where 85% of recent sales are to foreign cash buyers, that skews that market entirely.

Don't exaggerate again. The number is for 85 of prime Central London properties. Multi million pound mansions in Mayfair represent a tiny proportion of this cities housing stock.
Author:  Amnesia10 [ Sat Sep 14, 2013 2:57 am ]
Post subject:  Re: Bank of England must limit house price booms, says Rics
http://www.thisismoney.co.uk/money/mort ... ondon.html


Sent from my iPad using Tapatalk HD
Author:  ShockWaffle [ Sat Sep 14, 2013 3:04 am ]
Post subject:  Re: Bank of England must limit house price booms, says Rics
Amnesia10 wrote:
http://www.thisismoney.co.uk/money/mortgageshome/article-2394704/Foreign-investors-snap-70-new-build-homes-central-London.html


Sent from my iPad using Tapatalk HD

your own link wrote:
Around 65-70 per cent of new build homes – which foreign buyers prefer - in prime London locations


So I'm correct, you were misrepresenting the facts. Thanks for researching that for me, but it was pretty obvious, the stat as you presented it was clearly not plausible.
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