Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

pension increase 2.7% which gives the pension from £ 110 a week now up to 113
a rise of £ 150 a year energy costs up £ 150 a year so no rise in the pension for inflation on all the other things like food .

Somethings gotta give....



London house prices jump by £50,000 in a month

Rise of more than 10% is a sign of unsustainable boom, says property website critical of Osborne's Help to Buy scheme


Simon Goodley

The Guardian, Monday 21 October 2013


London's booming housing market is rising at an unsustainable rate, the UK's largest property website warned on Monday, with the average asking price of a home in the capital surging by more than £50,000 last month.

Such is the acceleration in the capital's property market, according to Rightmove, that many buyers will need help from deep-pocketed parents despite the expansion of George Osborne's Help to Buy scheme.

Rightmove said the average asking price in London rose to £544,232 in October from £493,748 the previous month – an increase of more than 10%. Across England and Wales, the rise over the month was a more modest 2.8% to £252,418.

Describing the London increases as unsustainable, Rightmove said Help to Buy would mainly benefit buyers in the rest of England and Wales because many Londoners would not be able to afford mortgage repayments on a house costing double the national average.






http://www.theguardian.com/money/2013/oct/21/london-house-price-50000-month

and of course it's not in a month at all!!
it's year/year, though even so, it's a big lump, though london, especially the smart central zone, has always been a strong market, little impacted by the severe retrenchment of the last several years

more interestingly, though it may be a freak, north yorks completions have also been strong of late ..... if completions pick up and mortgages become more accessible, then then the all important volumes will also increase

MPs are expected to have a £7,600 pay rise rubber-stamped within weeks – despite fears of a public backlash.

David Cameron is facing pressure from a powerful group of backbenchers who insist the 11 per cent rise recommended by their independent pay watchdog must be implemented.

In July, the Independent Parliamentary Standards Authority (Ipsa) was condemned by all three main party leaders after recommending an increase from the current MPs’ salary of £66,396 to £74,000 in 2015.

I can't get a job and could lose my house says care home whistleblower who exposed neglect which killed five elderly residents
Lisa Martin lifted lid on neglectful staff at Orchid View care home

The 46-year-old was made redundant after the home was shut down in 2011
Mother of two feels she has been branded 'a troublemaker'


same has at Stafford hospital .

Another reason not to vote for the 3 major parties + the nutter ones.

being honest and caring in the UK is a bad word today .
only the wicked work

stan as a life long tory I would now sooner vote lab than this disgraceful party of LIARS

London prices have been artificially low for some time. A rise in prices was overdue and it is still not enough.

that's a matter of opinion, especially if you are talking about "smart" central london!

I am talking about all of London

I wonder when the bubble will burst!

old story, but gives an idea of where the market is going.



Rent costs Harrow families more than 50 per cent of their wages, according to Shelter
.
1:00pm Wednesday 9th January 2013 in News By Emma Innes .


http://www.harrowtimes.co.uk/news/10149527.Rent_costs_families_more_than_50_per_cent_of_their_wages/


The average family in Harrow now spends 51 per cent of their earnings on rent.

New research by housing charity Shelter shows that in the borough private rent is eating up more than half of an average family’s wages.

The research, which drew on government figures, shows that in 23 of London’s 32 boroughs rent takes up more than 50 per cent of a family’s wages.

Campbell Robb, chief executive of Shelter, said: “The news that renting in the capital is unaffordable isn’t a surprise to the Harrow families who are stuck in the rent trap, unable to save anything towards a home of their own because they’re paying out so much each month in rent.

“But the fact that rental costs in most areas of London are eating up more than half of family incomes should stop us in our tracks.

“Rising rents, the constant threat of eviction, and hidden fees are all par for the course in London’s frantic rental market.”

I doubt it will burst. As far as London is concerned it will reach a balanced level. The prices have to rise due to the size of the demand. There are plenty of areas of London where there are almost no homes under £1m for a house. The only option is flats and they will rise even faster. That is just looking at the outer area.

the rush to try and get votes will fcuk up the uk boom and bust is back big time
wages down rents up it will be a big bang .

next years pension rise gone before it is paid for heating their homes .
nothing for food and clothes .
Cameron said pensioners should put on their coats and go to bed
and turn of the lights .

fred+MK - i note that RBS with their "help to buy" scheme will only allow 55% of income to be entailed (not quite the right word), and a few other strings too ..... nevertheless, that's a huge change from when i bought my first house (flat) in about 1972 when the accepted multiple was 3x earnings (33%) ... however, it should not be forgotten that interest rates were then very much higher

Hays,

So were black tulip bulbs.

Manuel.

The rises will feed into inflation and rates will increase.

I think we are stoking up problems, short and longterm.

=============

But I have been struggling this morning to find shares in the FTSE 350 with reasonable P/E and projected EPS growths and I am finding it difficult.


Is the market going to trade sideways for a while or ?

the avge gov pension is £6760 a year energy bills for the pensioners £1450 a year
that leaves the old with 5310 a year or £102 a week living wage £280 a week .

the UK 2013 .
all parties should hold their heads in shame

fred - it was ALL tulip bulbs and ditto investing in south sea company and a number of other spiffing schemes

rate rises - almost certainly so in say 2 years time, but that will (also) be linked to growing world economies ..... in any case, i'ld be quite surprised to see mortgage rates rise from the current approx 5% to >7%, which historically is still low

ftse - "my man" still reckons 6900, which gives a fair amount of headroom, though that doesn't quite answer your Q .... you might want to look at something like RTN, as i think that is now a promising sector with "feelgood" now seemingly firmly on the up track