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Here's just one article on it, ub .http://www.cityam.com/260961/why-ftse-100-rises-sterling-falls-explained-two-charts
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Thank you for the link, Cider, obviously cheap £ is a factor - you can stand on a street corner all day and sell fivers for £4.50 - but not the main driver of the FTSE rising.
Im in tech (NASDAQ index) Cider : https://tradingeconomics.com/stocks |
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does anyone think there is any possibility that house prices in this country will fall significantly? seems for years now everyone thinks they are far over valued but they just continue to rise and rise.
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Another hike in interest rates is forecast in July or August. Households have high levels of debt, so I think a 20% fall is possible but I wouldn't be trying to call the market.
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I have to say that although I'm not a fan of the Guardian this article echoes concerns I've had for a few years about the situation.For many of us the capital released from selling our houses will hopefully provide sufficient to keep us in a comfortable care home when our health etc deteriorates . We also have lived during a period when it has been possible to build up reasonably substantial pensions.My kids in their late 20s/early 30s have neither direct benefit pensions nor the capital to buy in London unless I part with a substantial amount of capital thus leaving me potentially exposed in old age.A real dilemma.
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The average wage in Reading won't be as much as £30k.
Just said on the London news that the average salary in the capital is £28,560. Londoners haven't had a real pay rise for 15 years. |
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Of course, there is also the issue of landlords' tax evasion which is estimated to cost the Treasury up to £1bn pa. (Various studies have put the figure between £180m and £1bn).
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