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  • Can the Bank of England curb the housing bubble?

    From bbc.co.uk

    It is a big day for the Bank of England, the first time its new Financial Policy Committee is expected to exercise powers to stem overheating in a part of the economy that could destabilise banks and the financial system. As you all know (you ought to by now, for gawd's sake), the bubblicious market of concern to the Bank's boffins and regulators is the housing market in London and the South East, where prices have been rising at dangerously fast rates (circa 20% per annum in the metropolis). Here's a little film I made yesterday about what is going on in London and what the Bank of England is likely to do about it. ... (full story)

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BOE will disappoint as usual
As a northerner I can only say that the whole way of life economically in London and the South East is a different world from any where north of Northampton and it has been that way for many years.
I love the Uk and am proud to live here. However without a lottery win the chances of buying in London and the South East are but a dream.
It has always been that way for average people Anything the B of E does will not alter one dot the way it is.
Happy trading
same here in my country, GDP < 1000usd, buying a house only in dream, but who care ?
The bubble will blow soon
you ought to try buying in NZ. with interest rates going up and councils ripping everyone off. its cheaper to buy and more opportunities in UK than here.
I've lived and worked in London all my life, its not a housing bubble its a money bubble, Houses , Stocks, Bonds, Art, Cars all in a great big fat bubble looking for a pin

Being the centre of the worlds money markets , not really surprising its the way it is (Global Debt Central)

Trouble is, if your watching it with the dispassion it deserves (I was here in 1989 too) you know your involved in some kind of surreal "Alice in Wonderland" economy, I've now sold all my property (not smart just followed the Duke of Westminster out the door), bought Gold and Silver in a far off place, rented outside M25 for the year, let go the staff, shorted the S&P, FTSE etc and am writing this from my garden….

Its too late for Carney et al to stop whats coming , White Rabbits and Queens of Hearts abound…. just waiting for the pin
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