Goner Bubble 🔰

The beginning of the end?

[Goner Bubble 🔰 @goner_bubble]

@seekingalfie @ArchRose90 @RebelNewsOnline @Keir_Starmer Really?

[Goner Bubble 🔰 @goner_bubble]

@Christcleon But you're the scam it seems?

https://t.co/xUybcoonZG

[Mark Burlison @TheBurlison]

@Christcleon Sounds like you are the scam here?

https://t.co/Nt4DPbQBy0

[Goner Bubble 🔰 @goner_bubble]

@moving_charlie So satisfying!

[Moving Home with Charlie @moving_charlie]

It’s not the rich who have taken everyone’s money.

It’s decades of excess house price growth, that everyone cheered for.

Now we pay.

[Crémieux @cremieuxrecueil]

Old people (75+) are increasingly wealthy.

Young people (<35) are increasingly not.

This new paper suggests that the reason behind these divergent trends is... mostly housing!

[Goner Bubble 🔰 @goner_bubble]

@DavidMcNab17 @youlum @malcolm_reavell Interesting, what's the mechanism by which this happens?

[Armand Domalewski @ArmandDoma]

“the train will be too noisy for my dead father” is probably the funniest NIMBY argument I’ve ever heard

[Object Zero @Object_Zero_]

In the UK,

I can buy index linked senior Gilts that yield 5.03% (22/03/29) and on the same day I am advertised similar fixed term mortgages for 3.8%

I could borrow £500k against a property, pay the bank £19,000 pa interest and sink the cash into inflation proof Gilts that pay me £25,150 pa.

Obviously I have skipped taxes for the sake of simplicity (everyone’s taxes are different), but you shouldn’t be able to carry trade the risk free rate of return INSIDE a currency?

Why are UK banks seemingly offering this arbitrage?
Are they just trying to prop up their residential property books?

It feels one of those things you notice that screams “something is going to break soon”.

[Chris Rose @ArchRose90]

Labour’s Homelessness minister, Rushanara Ali, who has spoken out against 'unreasonable rent increases', threw out her tenants and then increased rent by £700 a month.

Spectacular hypocrisy we have come to expect from the current government.

[Fesshole🧻 @fesshole]

I'm addicted to RightMove despite knowing I'll never be in the position to afford a house. Still, if I find a property under £400k that I like, I become obsessed with it to the point I will make regular visits to it in my car.

[Steve Loftus @LoftusSteve]

I think if you bought an investment property today, with a mind to renting and selling later, you have as much chance of losing money (in real terms) as gaining.

Certainly there are far better investments.

[Calgie @christiancalgie]

Housing minister Matthew Pennycook caught on camera rubbishing YIMBY claims that slashing planning red tape could lead to a housing boom that brings down prices... despite that being Labour policy

https://t.co/iHKuxk5r2i

[spiked @spikedonline]

Starmer is now siding with the blockers over the builders. The new planning bill will hand yet more veto powers to the green ‘blob’ to block the housebuilding Britain needs. It’s his most shameless u-turn yet, says Hugo Timms
https://t.co/pMYyEuGJry

[Simon Clarke @SirSimonClarke]

🚨Big stuff

Founder of Labour YIMBY - Chris Worrall crosses the aisle.

Chris is one of the most knowledgable, passionate housing activists I know.

He gets it: business as a force for good; the power of free markets; controlled migration…

Welcome to the Conservative family.

[Moving Home with Charlie @moving_charlie]

3 years ago, if you’d said Mayfair prices would be down 60%, you’d have been lynched.

Let alone Chelsea -47%.

Do not say I didn’t warn you.

[Moving Home with Charlie @moving_charlie]

Today's mortgage loosening announcement is a storm in a tea cup.

Even the numbers of new mortgages they expect are not enough to move the needle on overall prices.

Yes, it's an unwise, feeble attempt to prop up house prices. But it won't make a noticeable difference to prices.

[Zia Yusuf @ZiaYusufUK]

Labour are doing exactly what the Tories did:

1) flood the country with immigrants
2) fail to build homes
3) subsidise and underwrite mortgages to stimulate even more demand

= prices go even further out of reach.

The uniparty have totally screwed young people in Britain.

[Andrew Lilico @andrew_lilico]

It's under-recognised that the bank bailouts were driven by the same political factors that drive housing policy, NHS policy & the Triple Lock: political power is concentrated among the elderly, who have the houses, the bank deposits & whose pension funds hold bank shares & debt.

[Moving Home with Charlie @moving_charlie]

“UK house prices fall at fastest pace in 4 years - industry reaction.”

Look at the Olympic level guff in the reaction by agents to April 2.8% fall.

Notable: The only agency boss to directly acknowledge the price falls is the only woman on the list. https://t.co/Jty4LJxn3a

[Andrew Neil @afneil]

There are 40,000 fewer workers in construction than a year ago. Which is strange since DPM Angela Rayner is meant to be building 1.5m new homes. Either it’s another nonsense target or she’s presiding over one helluva an increase in construction industry productivity …
Yet Starmer/Reeves claim to have fixed the foundations of the economy.