tag:blogger.com,1999:blog-5777249110433510765Sun, 01 Sep 2024 09:29:31 +0000Bank of England BlunderBOE Cuts Rates by 1.50%Be More Cautious with PropertyBe Prepared to look further afield for property investmentsCan we afford to save the banks and at what cost?Cultural Assumptions to be testedEasy Target TaxationGovernment Interventions Good or Bad?Government Printing MoneyGulf States New Currency with Hit the Dollar HardHouse Prices are the result of easy credit- Now that's gone what is supporting valuationsHousing CrashHousing Demand FlatIs this the begining of the end?More Bad News - But Good If you have cash to bargain withMore GloomMortgage ArrearsMy claims that the housing market topped out in 2005 look pretty close to the markProperty Assets at RiskProperty Downloadable GuideReal Estate or Property Investment for WinnersStand By for Banks to be Sued -Big TimeTechnorati LinkThe Problem is Labour (Gov)The Recesion has been here some timeThis Will Not Last LongUK property to fall 50% MoreValuations are on the way downWhen will our Government wake up that Taxes Destroy Jobs and IndusrtyWhere is the Value of Security GoingWill Governments Make Things Worse?Yet More Signs of Overheatinghttp://barbur-realty.blogspot.com/noreply@blogger.com (Unknown)Blogger33125tag:blogger.com,1999:blog-5777249110433510765.post-7101629118267152029Fri, 03 Dec 2010 18:04:00 +00002010-12-03T10:04:40.733-08:00Government Printing MoneyThanks to By Bill Bonner Mumbai, India O, what a tangled web we weave When first we practice to deceive! – Sir Walter Scott, ‘Marmion’ “The trouble with today’s financial system,” we told a Bloomberg reporter, “is that it is based on fraud.” “At the bottom of it is paper money – itself a kind of deception. It pretends to be real money. And it is real money – in the sense that you can use http://barbur-realty.blogspot.com/2010/12/credit-problems-indeed-what-is-dollar.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-5053965731375147974Thu, 02 Sep 2010 11:45:00 +00002010-09-02T04:45:27.022-07:00More GloomHouse prices fall for second month in August by 0.9%, following the 0.5% the previous month. Well no surprises for us in this 'so called' news. When Mortgage lending is now so difficult to obtain, the money side demand for housing just had to fall away. However link this to falling UK Manufacturing and there is surely a real depression here in both housing demand and business. Tie this to the http://barbur-realty.blogspot.com/2010/09/oh-dear-what-can-matter-be.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-8845948267663136457Tue, 17 Aug 2010 08:19:00 +00002010-08-17T01:19:44.059-07:00Mortgage ArrearsAlthough mortgage rates have plunged to record lows, falling borrowing costs have failed to revive the US housing market. Indeed, the Washington deliberations, which will centre on what the level of government support for Fannie and Freddie should be, comes amid continuing pain for homeowners. In the average congressional district, serious mortgage delinquency rates – defined as borrowers more http://barbur-realty.blogspot.com/2010/08/mortgage-arrears-in-us-uk-to-follow.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-2999253734137970408Tue, 10 Aug 2010 10:24:00 +00002010-08-10T03:24:44.822-07:00Bank of England BlunderArticle courtesy of Nadeem Walayat The Bank of England kept UK interests on hold at 0.5% last week as it continues its policy of IGNORING HIGH UK inflation that continues to stand above the Bank of England's 3% upper limit for the purpose of the BoE continuing to funnel tax payer cash onto the balance sheet of bailed out bankrupt banks as illustrated by the most recent banking sector profit http://barbur-realty.blogspot.com/2010/08/rape-of-britain.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-4489178651405746943Tue, 13 Jul 2010 10:15:00 +00002010-07-13T03:15:26.498-07:00Cultural Assumptions to be testedAt last, at last, the bigger names who comment on the housing market have woken up to the reality of the banking crisis and what it will mean for house prices in the UK. We have Price Waterhouse, The RICS (Royal Institute of Chartered Surveyors), the Council of Mortgage Lenders and Capital Economics all now becoming very bearish on property. It's about time, we here since 2006 have been soundinghttp://barbur-realty.blogspot.com/2010/07/housing-crash-for-20-years.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-3665289543941404602Tue, 13 Jul 2010 09:35:00 +00002010-07-13T02:35:40.428-07:00Where is the Value of Security Going Access to finance for businesses remains difficult, says IoD surveyDated:&nbsp;13 July 2010 New data released today by the Institute of Directors (IoD) reveals that businesses are still having difficulty accessing finance from their banks despite a fall in decline rates. Key Findings 1 in 3 firms that applied for finance in the time period 1 January 2010 – June 2010 were declined by their bank. http://barbur-realty.blogspot.com/2010/07/not-much-chance-of-bank-funding.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-8378515311890059094Wed, 07 Jul 2010 14:22:00 +00002010-07-07T07:22:44.316-07:00Housing Demand FlatFears are growing over the state of the recovery in the housing market after new figures showed property prices have all but stalled. The average cost of a home edged ahead by just 0.1 per cent to stand at £170,111 during the month, following a rise of 0.5 per cent in May, according to Nationwide Building Society. The annual rate at which house prices are rising also fell for the second month http://barbur-realty.blogspot.com/2010/07/more-poor-house-price-data.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-6465924073856081607Wed, 07 Jul 2010 00:41:00 +00002010-07-06T17:43:38.588-07:00Property Assets at RiskNATIONWIDE, Britain’s biggest building society, has warned that house prices could drop 5% this year because of the credit crunch.Make that more like 20%!! It is the first of the big lenders to publicly say values could fall. Its official forecast, and that of rival Halifax, is that prices will be flat this year. Fionnuala Earley, chief economist at Nationwide, said: “We have always http://barbur-realty.blogspot.com/2010/07/mortgage-lending-and-property-values.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-2298054752856514666Thu, 01 Apr 2010 17:15:00 +00002010-04-01T10:15:40.907-07:00UK property to fall 50% More Estate agents will tell you London is the key indicator for the rest of the country when it comes to property.And sure, the capital HAS seen the bulk of price rises in the last year.But they’re not telling you the true story.For example, right now the centre of Manchester is a property landmine that could blow in up in our face at any moment... with disastrous repercussions for the rest of the http://barbur-realty.blogspot.com/2010/04/uk-property-too-fragile-to-consider.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-558874568154032264Wed, 24 Mar 2010 21:16:00 +00002010-03-24T14:16:39.424-07:00The Problem is Labour (Gov)"Government needs first and foremost to look to its own failings. Incompetent and bloated government is one of the most serious factors holding the British economy back."&nbsp;http://barbur-realty.blogspot.com/2010/03/comment-by-roger-bootle-budget-2010.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-3193396973696647590Wed, 06 May 2009 11:58:00 +00002009-05-06T05:12:13.793-07:00Easy Target TaxationThe Government is right now in the middle of another campaign of pure SPIN: The need to License Landlords.With the advent of the hopeless deposit scheme, its administrative nightmares and the way it bends over backwards to help the tenant is filling us with such foreboding. One case had the tenant abscond after 10 months without paying the rent due. The deposit scheme made the landlord wait 4 http://barbur-realty.blogspot.com/2009/05/licensing-or-taxing.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-1359439339790488027Sat, 04 Apr 2009 11:16:00 +00002009-04-04T04:16:54.475-07:00Gulf States New Currency with Hit the Dollar HardThe coming financial storm no one is talking about BY MANRAAJ SINGH Dear Reader, There’s a major trend that could have a devastating impact on the US dollar. What’s shocking is that I haven’t come across a single other financial analyst who has fully grasped the implications of it. This is crazy, given that it will affect anyone who owns dollar-denominated investments, whether it’s goldhttp://barbur-realty.blogspot.com/2009/04/dollar-denominated-property-under.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-3182687968434325668Wed, 18 Mar 2009 12:30:00 +00002009-03-18T05:32:33.319-07:00House Prices are the result of easy credit- Now that's gone what is supporting valuationsApparently, potential homebuyers will be banned from borrowing more than three times their annual salary, under new rules to be announced this week. And they'll have to stump up at least a 5% deposit.The Telegraph reports that the tough new rules are part of a move by the Financial Services Authority (FSA) to change its regulation of the financial industry.I'm not sure if anyone's told the FSA, http://barbur-realty.blogspot.com/2009/03/fsa-to-destroy-housing-market.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-7632458387900783617Mon, 24 Nov 2008 13:56:00 +00002008-11-24T05:57:37.518-08:00Will Governments Make Things Worse?In case you hadn’t noticed, Chancellor Alistair Darling’s giving a bit of a speech this afternoon. He’ll be laying out the Government’s plans for saving the economy from an even worse recession than it’s already facing. It’s quite a clever way to sell it. Regardless of how bad things get in the future, you can always say: “Well, it would have been even worse had it not been for the quick-thinkinghttp://barbur-realty.blogspot.com/2008/11/end-of-property-finance-as-we-know-it.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-851433576281895517Sun, 16 Nov 2008 13:55:00 +00002008-11-16T05:58:34.811-08:00This Will Not Last LongThere's a new "secret" that a lucky few have already found that's enabling them to literally buy houses that ordinarily sell for around $1 Million or more - but now for just $1,997 or LESS!There are 3,141 counties in the United States, and each one possesses this exciting new opportunity whereby anyone with as little as $100 to seldom more than $5,000 can buy homes ordinarily valued from $30,000 http://barbur-realty.blogspot.com/2008/11/buyout-usa-property-for-as-low-as-5-of.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-1454741350568303626Fri, 14 Nov 2008 14:49:00 +00002008-11-14T06:51:16.811-08:00The Recesion has been here some timeIn its quarterly Inflation Report, the Bank of England forecast that national income could shrink by one to two percentage points over the next few quarters and growth would probably be flat by the end of next year. Consumer price inflation, which at its last reading registered an annualised rate of 5.2 per cent, will fall to its target rate of 2 per cent by the middle of 2009. In remarks at a http://barbur-realty.blogspot.com/2008/11/lower-interest-rates-to-come.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-8796625934813567399Fri, 14 Nov 2008 14:43:00 +00002008-11-14T06:46:28.279-08:00Government Interventions Good or Bad?Great Article from Money Week showing how falling asset values are affecting sentiment in not just the property marketsGovernments love capitalism. As long as asset prices are rising, that is.When prices are rising, governments will do anything to keep them up there. You want free money? We’ll keep interest rates low. You want light-touch regulation? We’ll give you off-balance sheet finance. The http://barbur-realty.blogspot.com/2008/11/asset-value-falls-bring-down-investor.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-9031131508379513588Thu, 06 Nov 2008 20:51:00 +00002008-11-06T12:52:51.331-08:00Can we afford to save the banks and at what cost?As the Banks sit there wringing their hands in anguish at the problems they are in, let's step back to see what they are actually causing in the rest of the economy.First we have to understand about the "paradox of thrift", the concept introduced by that great British economist John Maynard Keynes, who has been very much misrepresented over the years. This concept states that if we all start http://barbur-realty.blogspot.com/2008/11/can-we-afford-to-re-finance-banks-or.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-7127200854224818736Thu, 06 Nov 2008 12:56:00 +00002008-11-06T05:11:03.445-08:00BOE Cuts Rates by 1.50%After one of the most hotly debated rate decisions in recent times, the Bank of England delivered its largest interest rate cut in 15 years today, slashing the UK base rate by a full 1.50% to 3.00%, in an effort to shield the ailing British economy from the fallout of the global credit crisis. The move follows on from last month’s coordinated 0.50% cut with other major Central Banks, as the http://barbur-realty.blogspot.com/2008/11/boe-cuts-rates-by-150.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-5443981908943374057Fri, 24 Oct 2008 13:55:00 +00002008-10-24T07:00:49.357-07:00When will our Government wake up that Taxes Destroy Jobs and IndusrtyCall to end tax on vacant propertiesA group of the largest property owning companies have called on the government to scrap or amend legislation covering business rates on empty properties in the pre-Budget report.Companies began paying full rates on vacant properties for the first time this year, following an initial grace period. It has been criticised as an extra financial burden on an alreadyhttp://barbur-realty.blogspot.com/2008/10/empty-property-tax-is-hurting-no.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-8962796346374831329Wed, 20 Aug 2008 18:42:00 +00002008-08-20T11:44:07.204-07:00More Bad News - But Good If you have cash to bargain withProperty group turns to Dylan for inspiration!!By Daniel Thomas, Property Correspondent Published: August 19 2008 08:25 | Last updated: August 19 2008 22:08 function floatContent(){var paraNum = "3" paraNum = paraNum - 1;var tb = document.getElementById('floating-con');var nl = document.getElementById('floating-target');if(tb.getElementsByTagName("div").length> 0){if (nl.getElementsByTagName("p"http://barbur-realty.blogspot.com/2008/08/whatever-happended-to-property-boom.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-2390855448841430318Wed, 30 Jul 2008 10:00:00 +00002008-07-30T03:07:20.507-07:00Stand By for Banks to be Sued -Big TimeBarclays dismisses San Marino lawsuitBarclays Capital will fight vigorously a lawsuit filed against it in London’s High Court by a banking client Cassa di Risparmio di San Marino, which alleges misrepresentation by the UK investment bank in the sale of complex debt products.The San Marino-based bank is seeking damages of at least €170m (£134m) in losses and lost income related to five complex http://barbur-realty.blogspot.com/2008/07/worrying-trend-to-hit-banks.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-952330240295663852Tue, 29 Jul 2008 13:34:00 +00002008-07-29T06:36:51.076-07:00Housing CrashEconomic View: Our best chance of staying out of recession may be to back the Treasury against the Bank By Sean O'GradySunday, 27 July 2008 <!-- Create a list of all articles, collections and links which are "from the archives" --> <!-- Create a list of all articles, collections and links which are "from the archives" --> <!-http://barbur-realty.blogspot.com/2008/07/recession-problems.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-4486663812174821141Tue, 10 Jun 2008 17:34:00 +00002008-06-10T12:36:19.629-07:00Technorati LinkTechnorati ProfileIts all about cross networking and interconnections!Or is it just to get Technorati up the google rankings by inward links? So to balance things here are a list of my blog and web interests with lots of great partners and projects: No particular order.G8wayJamie Lawrence Football AcademyJLFA BlogRefill FoodCherrie Box MediaEmerging Markets Investor Services LtdWatersons http://barbur-realty.blogspot.com/2008/06/technorati-link.htmlnoreply@blogger.com (Unknown)0tag:blogger.com,1999:blog-5777249110433510765.post-1096604155831614273Wed, 12 Dec 2007 16:58:00 +00002007-12-12T09:26:43.191-08:00Valuations are on the way downIn the last 4 weeks I have that many "changes to terms" coming across my desk that I think that lenders are giving up.Time and again we are seeing reductions in loan to value. From 95% to 90% then on down to 85%. It has to be panic -- but on two fronts.Worries about the ability to service loansConcern that valuations are falling!Yes that's right values are falling. Not prices advertised. I mean http://barbur-realty.blogspot.com/2007/12/lenders-tighten-up.htmlnoreply@blogger.com (Unknown)0