Last autumn, UK house prices reached record levels – with the highest price to income ratio since the nineteenth century. And just at this moment, the Truss/Kwarteng budget sent mortgage rates soaring – it was a shock to a market heavily reliant on ultra low-rates. This combination of factors was the perfect trigger for a …
Greed Inflation is a term used to describe a higher inflation rate due to firms increasing their profit margins. In a period of high inflation, it becomes easier for firms to slip in rising profit margins too. Greed inflation is more likely in markets where firms have a degree of monopoly power and they can …
Definition – Demand is price inelastic when a change in price causes a smaller percentage change in demand. It occurs where there is a price elasticity of demand (PED) of less than one. Goods which are price inelastic tend to have few substitutes and are considered necessities by users. Diagram of price inelastic demand For …
In both 2007 and 1991, house prices fell 20%, will see something similar this year? The really interesting question is whether house prices return to the post-war levels of affordability like after the crashes of 1990 and to a lesser extent 2008. Will The House Price Crash Be Like 1991 and 2008?Watch this video on …
Given an unprecedented cost of living crisis, the UK electorate are turning against Brexit. The % regretting Brexit has grown to record level. There is no chance of a quick return to the EU. Neither the UK or EU want it. But, what about the next generation of voters and politicians? If things can change …
I began a Youtube channel in 2009, and despite the dire quality got quite a few views. But, I decided there was no future in making videos, so I stuck to writing a blog. In the summer of 2022, my website traffic was stagnant and I was looking for a way to boost my website, …
10 Reasons Landlords Are SELLING UP in 2023Watch this video on YouTube For the past eight years there has been a net exodus of landlords from the private rental market – tighter regulations, tax changes and now the double whammy of inflation and rising interest rates is leading to a shortage of rental properties, …
Bank bailouts are back. But, why do governments go to such lengths to save banks who took risks, ignored regulations and made a loss? This title about bank failures destroying the economy is not actually linkbait title. I think it is fair to say, the US bank failures of 1930-33 really did destroy a good …