tag:blogger.com,1999:blog-2875915890415125655.post8633896389007546063..comments2023-05-18T10:37:34.608+01:00Comments on <a href="http://www.retirementinvestingtoday.com">Retirement Investing Today</a>: Has the UK Already Had Its House Price Crash?RetirementInvestingTodayhttp://www.blogger.com/profile/03088383743670046657noreply@blogger.comBlogger26125tag:blogger.com,1999:blog-2875915890415125655.post-9096200116927048392013-04-07T19:30:28.827+01:002013-04-07T19:30:28.827+01:00There is one part of the UK were house prices have...There is one part of the UK were house prices have crashed (and could still be crashing) Northern Ireland. Their house prices have crashed to about half the 2007 peak as can be seen from this chart of <a href="http://www.inflationarypressure.co.uk/ukproperty/ENGLANDALLPRICEN%20IRELANDALLPRICE.html" rel="nofollow"><b>historic average house prices in England and Northern Ireland</b></a>. Its InflationMonkeyhttps://www.blogger.com/profile/16707145871173016619noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-82721773639207052082013-03-18T19:00:14.759+00:002013-03-18T19:00:14.759+00:00You've been linked at CC
http://www.creditcru...You've been linked at CC<br /><br />http://www.creditcrunch.co.uk/topic/11861-financial-charts-from-retirementinvestingtoday/Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-19545369345850263402013-03-03T21:57:07.337+00:002013-03-03T21:57:07.337+00:00Interesting article.
I am a UK citizen living in C...Interesting article.<br />I am a UK citizen living in China for the third time, this spell started Oct 2006.<br />I get paid in US$ which I convert into CNY as soon as I receive it.<br />Bought a house in the UK Jan 2007 on which I have a mortgage of about GB£45,000. It is rented out.<br />So;<br />1. My CNY receipts have fallen as the US$ lost value against the CNY.<br />2. My CNY assets have Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-87860479050969823772013-03-02T10:47:09.329+00:002013-03-02T10:47:09.329+00:00Faustus! Haven't seen you around for a while, ...Faustus! Haven't seen you around for a while, hope you still stop by Monevator now and then. :)Monevatorhttp://monevator.comnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90985505482070984382013-02-25T21:10:15.214+00:002013-02-25T21:10:15.214+00:00You've been linked to occasionally by several ...You've been linked to occasionally by several folks there.<br /><br />But you'd be welcome to post regularly, and I'm sure would come across well if you did so yourself.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-78437442021091778342013-02-25T20:56:47.544+00:002013-02-25T20:56:47.544+00:00Hi Anonymous
I'm a member of HPC, an infreque...Hi Anonymous<br /><br />I'm a member of HPC, an infrequent poster at Green Energy Investors (used to be fairly active) and mainly a lurker on 24K News these days.<br /><br />I'm not active on Money Saving Expert or Credit Crunch so may come across poorly. If you feel the content is relevant to those boards could you pop a link up on my behalf?<br /><br />Cheers<br />RITRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-90037944524787084642013-02-25T20:52:26.232+00:002013-02-25T20:52:26.232+00:00Thanks for the link A1. Hopefully other readers a...Thanks for the link A1. Hopefully other readers also find it of interest.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-33938807071239473152013-02-25T20:45:41.175+00:002013-02-25T20:45:41.175+00:00http://www.economist.com/content/big-mac-index
Ch...http://www.economist.com/content/big-mac-index<br /><br />Cheers<br /><br />A1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-40378718069368350002013-02-25T20:44:40.996+00:002013-02-25T20:44:40.996+00:00Can I suggest you also post threads/links to your ...Can I suggest you also post threads/links to your house price blog entries on the following debate boards, they'd be interested and would have no issues with you linking to here.<br /><br />http://forums.moneysavingexpert.com/forumdisplay.php?f=149<br /><br />http://www.creditcrunch.co.uk/forum/5-main-uk-economics-finance-forum/<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-9283936659327207812013-02-25T20:43:24.345+00:002013-02-25T20:43:24.345+00:00Thanks A1
Did you get that online somewhere or di...Thanks A1<br /><br />Did you get that online somewhere or did you get it out of the Economist?<br /><br />Cheers<br />RITRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-27670162080775623602013-02-25T20:39:44.558+00:002013-02-25T20:39:44.558+00:00Cheers
A1Cheers<br /><br />A1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-69135599937638804352013-02-25T20:39:07.878+00:002013-02-25T20:39:07.878+00:00Latest Big Mac Index was end Jan, and shows the Au...Latest Big Mac Index was end Jan, and shows the Aussie overvalued by 12%, Loony by 25%, and Swiss franc overvalued by a whopping 63%. GBP was undervalued by 3%, suspect it's a bit more undervalued today.<br /><br />These charts are interesting but really tell you more about the bubble tendencies of currency than they do about house values.<br /><br />FWIW, I do think we've had our crash,Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-54172899972054613082013-02-25T20:17:18.657+00:002013-02-25T20:17:18.657+00:00Hi A1
You may be right. Sterling was clearly a m...Hi A1<br /><br />You may be right. Sterling was clearly a mirage with everyone thinking the Financial Services, of which we were experts, was the biggest innovation since the wheel. Having spent some time in Australia recently the price of things there is ridiculous even after considering a crazy exchange rate. I'm not close enough to the Loony to comment.<br /><br />It would be great to RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-76583901893995420732013-02-25T20:11:58.695+00:002013-02-25T20:11:58.695+00:00Hi BeatTheSeasons
I wish it was just a matter of ...Hi BeatTheSeasons<br /><br />I wish it was just a matter of thinking in terms of supply and demand. If it was then I suspect house prices would already be back to sensible levels when priced in £'s. Instead we get QE, Funding for Lending and Part Ownership schemes to name just 3 manipulating what is not even close to a free market.<br /><br />Cheers<br />RIT RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-69729662468863664502013-02-25T11:38:29.713+00:002013-02-25T11:38:29.713+00:00Hi RIT
Charts are interesting, as always, but rea...Hi RIT<br /><br />Charts are interesting, as always, but really show just how big a bubble Sterling was in 2007, and how big a bubble Gold, the Aussie, and the Loony are in today.<br /><br />Cheers<br /><br />A1Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-39171556547632458962013-02-25T10:19:33.865+00:002013-02-25T10:19:33.865+00:00I think it makes more sense to think in terms of s...I think it makes more sense to think in terms of supply and demand, which is ultimately what determines prices in any market.<br /><br />A combination of increasing wealth in emerging markets plus a cheaper pound is obviously increasing DEMAND in a few areas of the UK. Factors like net immigration and increased life expectancy probably have a greater impact.<br /><br />But when rates eventually BeatTheSeasonsnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-28794901585522915162013-02-25T06:56:30.592+00:002013-02-25T06:56:30.592+00:00interesting article, the same probably applies to ...interesting article, the same probably applies to UK equitiespafhttps://www.blogger.com/profile/02128542467931570558noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-30704394708729873792013-02-24T22:07:55.043+00:002013-02-24T22:07:55.043+00:00Willem Buiter:
[Being] long housing ... the fund...Willem Buiter:<br /><br />[Being] long housing ... the fundamental value of the house they own exceeds the present discounted value of their planned future consumption of housing services. <br /><br />There you are: I suppose for most families when the children leave home the parents become "long" housing, unless they sell and trade down. Perhaps they become "long" garden deariemenoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-59769194623949434132013-02-24T21:30:33.009+00:002013-02-24T21:30:33.009+00:00Hi Faustus
Some interesting thoughts there. Than...Hi Faustus<br /><br />Some interesting thoughts there. Thanks.<br /><br />Just to clarify I haven't changed my view on affordability where it is IMHO now simply all about interest rates. So I still agree with you on that one.<br /><br />One thing I don't think will happen for a long time is wages rising faster than inflation. I might be wrong but my thinking here is that we now live inRetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-34497588330350768912013-02-24T20:09:17.439+00:002013-02-24T20:09:17.439+00:00Hmm. Very interesting charts as ever.
But I woul...Hmm. Very interesting charts as ever. <br /><br />But I would agree with your premise in some of your other posts that the key driver of residential house prices is the affordability of credit and not the strength of sterling. We also have very different residential property markets developing in the UK.<br /><br />The one place where foreign currency valuations might be relevant is where you Faustusnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-65211382290781072042013-02-24T19:35:02.054+00:002013-02-24T19:35:02.054+00:00Maybe it's just me but having spent a signific...Maybe it's just me but having spent a significant portion of my life overseas for work I believe that the UK countryside is as beautiful as anywhere else on earth. It's one of many reasons I stay in the UK.RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-19533473772528798942013-02-24T19:28:44.388+00:002013-02-24T19:28:44.388+00:001. Why would someone Swiss want a house in the UK ...1. Why would someone Swiss want a house in the UK countryside when it rains most of the time?<br /><br />2. If I'm a gold bug I will want to keep my gold .... because I believe I'm being vindicated by the imminent collapse of paper money<br /><br />All Western currencies are being manipulated (witness the open ended CHF:EUR peg). Its just a question whose currency looks ugliest this monthAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-85944689914668465162013-02-24T18:10:41.743+00:002013-02-24T18:10:41.743+00:00Hi John
Re the gold bars. If only... :-)
I'...Hi John<br /><br />Re the gold bars. If only... :-)<br /><br />I'm with you on the house front. For me, when I finally buy, it will be a home for my family. Nothing more and nothing less. It will certainly not be included in my regular asset value calculation.<br /><br />Cheers<br />RIT RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-84690678500028474822013-02-24T18:08:09.706+00:002013-02-24T18:08:09.706+00:00Hi Anonymous
"You rent a house instead of bu...Hi Anonymous<br /><br />"You rent a house instead of buying it - you pay £". Only if you live in the UK and also only if the money being used for the rent comes from UK earnings and/or UK based investments.<br /><br />"You buy a house and rent it out instead of living in it - you get £". Agreed.<br /><br />"You might as well say that UK house prices have reached an all RetirementInvestingTodayhttps://www.blogger.com/profile/03088383743670046657noreply@blogger.comtag:blogger.com,1999:blog-2875915890415125655.post-71820182989443234552013-02-24T17:23:23.503+00:002013-02-24T17:23:23.503+00:00Looks like now would be a great time to be selling...Looks like now would be a great time to be selling those gold bars and buying a house!<br /><br />I have always bought rather than rented - but for me its a roof over my head and something to leave to the children and grandchilden. I don't really think about the price rises or falls as its all relative.<br /><br />JohnGetting to Net Zerohttps://www.blogger.com/profile/05649975918886866788noreply@blogger.com