Moving Home with Charlie @moving_charlie Twitter profile

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Moving Home with Charlie

5 days

Owning v Renting: "My mortgage would cost less than my rent." Often the case. But to work out the true cost of buying with a mortgage you need to do the following sums: Mortgage Repayment + Mortgage Interest + Maintenance Costs + Inflation + Stamp Duty. Mortgage Repayment =

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Moving Home with Charlie

@moving_charlie

22 days

Less than 7 days in: 1. Housing promises exposed as unachievable. 2. “National Wealth Fund” exposed as nothing more than an investment vehicle for banks and investors, it is not a fund investing Britain’s wealth (we only have debt, not wealth). 3. Keir says it’s ok to fire

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Moving Home with Charlie

@moving_charlie

2 months

This is what it sounds like when someone doesn’t understand the mortgage terms they signed. Abject denial.

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Moving Home with Charlie

@moving_charlie

2 months

@jonsopel @RishiSunak I'm no fan of Rishi, but he doesn't come from his in-law's family. Please be better.

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Moving Home with Charlie

@moving_charlie

1 month

Labour to hike stamp duty for First Time Buyers by lowering threshold to £300,000 (down from £425,000). A moving tax. A buying tax. A stupid tax.

First-time buyers to pay more stamp duty under Labour

Sir Keir Starmer will restore the threshold above which the tax is paid on first-time property purchases to £300,000 next year, from £425,000 at present

www.thetimes.com

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Moving Home with Charlie

@moving_charlie

3 months

This is what debt addiction looks and sounds like when the denial phase is beginning to turn to anger.

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Moving Home with Charlie

@moving_charlie

1 month

@Jenny_1884 Because it would increase inflation again, by weakening the pound against the dollar and euro and making imports more expensive. They have to stay aligned with the American central bank.

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Moving Home with Charlie

@moving_charlie

2 months

@scottiebateman I’m a pilot. I’m also a software architect. Currently we have millions of uneventful flights a year on which perhaps only one pilot would have been sufficient. But when emergencies happen, the difference between one and two pilots would be the difference between a safe or

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Moving Home with Charlie

@moving_charlie

1 year

I don’t think I’ve seen a graph that shows the duration of the mortgage time-bomb problem more clearly.

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Moving Home with Charlie

@moving_charlie

1 year

It heartens me to see the Creative Director of one of the worlds greatest advertising agencies say this. “And for people who have made an untaxed £300,000 gain on their house, but are now complaining that vine tomatoes are a bit expensive, I have two words of advice. The second

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Moving Home with Charlie

@moving_charlie

1 year

"Calls for aid for mortgage holders need to be largely ignored. There are few unfairnesses greater than the fact that property owners get all the benefits of real estate price booms and low interest rates, but demand bailouts, often successfully, when rates rise and prices fall.

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Moving Home with Charlie

@moving_charlie

7 months

I genuinely wonder how agents who do this sleep at night. Today I had a call from someone who booked a 1-1 video call with me a few months ago to discuss her purchase. She was due to exchange and complete today, but said "something doesn't feel right". The conduct of the

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Moving Home with Charlie

@moving_charlie

1 year

“between 97 & 2007 housing stock grew by 10%, but population only grew 5%. If house prices were a function of supply and demand, they should have fallen. They didn’t. They rose by >300%. The cause of house price rises is the unrestrained supply of money.

The Rise and Fall of UK House Prices

Read or listen now | Explore the impact of debt, rates and money supply on the housing market. What happens next? Gain insights into affordability and future prospects.

www.theflyingfrisby.com

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Moving Home with Charlie

@moving_charlie

5 months

One of THE biggest reasons why the UK economy is in the toilet is because of how effectively the overpriced housing market has sucked money out of it for decades. Please think about that before you go on believing that rapid house price increases are anything other than idiotic

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Moving Home with Charlie

@moving_charlie

1 year

If I was an aspiring first time buyer today, unable to buy because of the high rates, I'd be saving furiously, as much as I could, aiming to be as close as possible to being a cash buyer 2 years or more from now, when prices are back where they would have been without 15 years of

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Moving Home with Charlie

@moving_charlie

1 year

I am cheerfully ignored, even by members of my own family, when I warn of the perils of “chasing the market down”. No one thinks it will happen to them. And yet… With the double-drop in price on one day this week, you can see panic is setting in for these sellers.

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Moving Home with Charlie

@moving_charlie

1 year

@MartinSLewis You can't dance with the devil (politics) for your show and then complain when the devil abuses you for it.

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Moving Home with Charlie

@moving_charlie

3 months

It doesn't matter if interest rates are 10% when your home only costs 3 x your salary to buy.

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Moving Home with Charlie

@moving_charlie

3 months

Bank of England holds rates at 5.25%, AGAIN. It's time to repeat that bank base rates in the region of 5% are the long term norm. We do not have 'high' rates. We have normal rates. Will they kill the economy? Likely. But not because they were high, only because the economy

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Moving Home with Charlie

@moving_charlie

5 months

Honestly, everything's fine. The 764,000 mortgage payers whose sub-2.5% mortgage rates end this year, who will be facing monthly payment increases of around 40-50% will probably not even notice it, am I right dudes? [sarcasm] And taking that much disposable income out of the

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Moving Home with Charlie

@moving_charlie

11 months

271,000 homeless and rising. Teen suicide up 35% to the highest level in 30 years. 4.7 million people in food poverty. Around 100,000 sexual assaults every year. Rising unemployment. Rising cost of living. Crumbling schools and government buildings. Please can someone

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Moving Home with Charlie

@moving_charlie

1 year

A good analysis of agents in this market and wise suggestion for buyers.

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Moving Home with Charlie

@moving_charlie

9 months

Another Domino toppling? Britain's biggest "wealth manager" stops clients withdrawing money from their £1bn property fund. Shhh! No one wants to hear about it Charlie!

St James’s Place blocks clients from pulling money out of major property fund

Britain’s biggest wealth manager blames rise in home working after suspending trading

www.telegraph.co.uk

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Moving Home with Charlie

@moving_charlie

10 months

Anyone who nearly bought with Help to Buy, but didn't, you dodged a bullet.

Help to Buy chaos forces first-time buyers to sell up

Thousands of homeowners in arrears after purchasing their homes through the scheme

www.telegraph.co.uk

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Moving Home with Charlie

@moving_charlie

9 months

The house price “correction” if you want to call it that, is only just getting started. The “corrections” being applied will include correcting for: 1. 12+ years of artificially low interest rates 2. The effects of £1trn of QE now being reversed 3. The unwinding of the

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Moving Home with Charlie

@moving_charlie

11 months

Welcome to all you new followers! Here's an update of my stance on the housing market and economy: I'm expecting nominal, average peak to trough house price slide, over 3 years (starting in 2022) of around -35%, with regional variations from -15% to -50%. In a nutshell this is

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Moving Home with Charlie

@moving_charlie

1 year

A sorry tale of silly sellers (and agents)

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Moving Home with Charlie

@moving_charlie

1 year

If you use Rightmove as a tool to estimate your home value, you are likely overestimating the true value by, conservatively, around 25% in the current situation. 1. RM asking prices typically average c. 15% above actual prices. 2. In this market it’s more like 20%. 3. As

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Moving Home with Charlie

@moving_charlie

1 year

Last summer, who would have believed the following could be true today: From 5pm today: Halifax 60% LTV 2yr fix - 6.52% If others follow suit, this just turns uglier and uglier.

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Moving Home with Charlie

@moving_charlie

10 months

The most dangerous aspect of being an unitiated first time buyer is how easily we can be exploited. First-time buyers are cannon-fodder for feckless estate agents, mortgage brokers and conveyancing call centres. You think you've done your research, but it's all a carefully-laid

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Moving Home with Charlie

@moving_charlie

3 months

For people who still think 5.25% is "high" here's a graph of the Bank of England base rate for approx 50 years. Suck it up. We only had low rates because of 2008 emergency measures. We're now paying the price.

yep

@keetmufc

3 months

@moving_charlie Absolute bollocks

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Moving Home with Charlie

@moving_charlie

4 months

It’s official: Pensions fund returns are a higher priority to the treasury than housing. The treasury has axed leasehold reforms after intense lobbying from pension funds. Hey leaseholders: 🖕🏻 signed: your government.

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Moving Home with Charlie

@moving_charlie

3 months

@jayIFA Dude. Sorry but I’m horrified that you’re an IFA promoting interest only BTL mortgages. You actually advise this is good for your clients?

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Moving Home with Charlie

@moving_charlie

2 months

Either she actually believes this, which is a terrifying example of the kind of self-gaslighting of people in power who are wholly unsuitable for the power in question, or she knows it’s 🐂 💩. Either way, she likely gets the job, and we must collectively suffer further

Rachel Reeves

@RachelReevesMP

2 months

I worked at the Bank of England. I know what it takes to run a successful economy.

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Moving Home with Charlie

@moving_charlie

1 year

If you’re a home seller (who actually needs to sell) holding onto hope that you’ll get your asking price based on last years prices, and this graph doesn’t show you the writing on the wall… you should probably check your assumptions and strategy.

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Moving Home with Charlie

@moving_charlie

1 year

High house prices are 100% a consequence of policymaking by the government, Bank of England and mortgage lenders. They are not the fault of any individual who bought a home to live in, even if they stretched themselves to do so using low interest rate borrowing.

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Moving Home with Charlie

@moving_charlie

11 months

The best moving in welcome note I’ve seen yet. It was waiting in our fridge along with a bottle of bubbly from our landlord. 😃 🍾

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Moving Home with Charlie

@moving_charlie

3 months

The more money people have to spend on housing, the less they can spend in the economy and the less they can save. The higher rent and mortgage payments are, the worse it is for the economy. No question.

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Moving Home with Charlie

@moving_charlie

3 months

@MerrynSW Holy (pun intended) shit. The caption under that photo would be unprintable if she was of any other faith.

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Moving Home with Charlie

@moving_charlie

3 months

Oh ffs.

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Moving Home with Charlie

@moving_charlie

24 days

Correct @Victoria_Spratt Private house builders will not build homes they can’t sell for a profit, because they would go out of business. Labour cannot force anyone to build homes, even if they force through planning consent. The ONLY WAY to get affordable homes in the near

The News Agents

@TheNewsAgents

24 days

"Housing doesn't seem to function in the same way other assets do." Labour are promising to build 1.5M homes in the next 5 years. Housing journalist @Victoria_Spratt explains why this increased supply won't make homes any cheaper. @maitlis | @jonsopel

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Moving Home with Charlie

@moving_charlie

1 year

Bank of England rate raised by 0.5%, as I expected, to 5.0%. Ouch.

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Moving Home with Charlie

@moving_charlie

7 months

Buying a home is not about how much profit you make. It’s about how secure your home is, your life is, and how stable your family feels. If you want to invest your savings to make money or profit, trade the stock market, or crypto, or commodities, or forex. That way when you

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Moving Home with Charlie

@moving_charlie

1 year

Received overnight from a mortgage broker (and has been the basis of my view since last autumn): “Markets start to seize up. FTBs are the life blood of the property market. If they go on strike as they may, the knock on is the house of cards starts to fall. No one wants a 5yr

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Moving Home with Charlie

@moving_charlie

10 months

This is new. Apparently having your low offer accepted is now “exploiting vulnerable vendors” and “scummy as fuck”. If no one else is offering more, on a house that’s been on the market for over a year, then the offer IS the market value. People who’ve made hundreds of

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Moving Home with Charlie

@moving_charlie

1 month

I’m not anti-Labour (or pro Labour). I’m anti-Starmer as PM. Not because he’s done anything bad, but because he’s the worst example of over-promoted middle management, and we’re all going to pay for it when he fails. He has an over-inflated opinion of his own abilities.

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Moving Home with Charlie

@moving_charlie

1 year

Just a gut feel, but I think @bankofengland will raise by 0.5% on Thursday. The overriding but invisible consideration is "how do we stop making ourselves look incompetent?" Their current reputation is in tatters. They've nothing to lose and they need to kill inflation.

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Moving Home with Charlie

@moving_charlie

6 months

2022: 12 years of scrimping and saving for the £30k deposit plus costs allows a couple of First time buyers to buy their dream home, with a 90% mortgage on a 2yr fix. 2023: They have their first baby. Cost of living crisis hits. Father loses job in corporate layoffs late in

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Moving Home with Charlie

@moving_charlie

11 months

Last year I tried as hard as I could to warn against this scenario. Industry commentators, brokers and agents who assured buyers that this wouldn’t happen should hang their heads in shame.

‘Cost of owning crisis’ as 50,000 fall into negative equity

Affected homeowners face difficulty selling or remortgaging as house prices plunge

www.telegraph.co.uk

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Moving Home with Charlie

@moving_charlie

29 days

These figures are interesting because it's the only media platform not controlled by the establishment.

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Moving Home with Charlie

@moving_charlie

3 months

The most interesting outcome of the election isn’t that the Tories lost so many councillors, it’s that Labour only picked up 40% of them. The other 60% went across all the other parties. Maybe the general election will be more interesting than we thought, and maybe the

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Moving Home with Charlie

@moving_charlie

2 months

Ignoring the bloke, do you think the point he’s making is right on housing? If not, why is he wrong?

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Moving Home with Charlie

@moving_charlie

1 year

No idea who this guy is but he does a far better job than me of explaining what I’ve been trying to say for ages. Including the line: “the government & the Bank of England have royally f***ed everyone up the ass” The UK Mortgage Apocalypse Just Started

The UK Mortgage Apocalypse Just Started

The Bank of England has increased rates to 5% last week and we are now staring at the biggest cost of living crisis in decades.The UK mortgage crisis is like...

www.youtube.com

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Moving Home with Charlie

@moving_charlie

28 days

What we ACTUALLY voted for: Commons Seats by national vote percentage: Labour 211 Conservative 154 Reform UK 89 Lib Dem. 76 Green 42 Others 53 This would have given us a hung parliament with an unpredictable

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Moving Home with Charlie

@moving_charlie

1 year

Nationwide 95% LTV 2yr fix mortgage with no fee 7.14% from tomorrow. (irony of subtext in gif too good not to use)

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Moving Home with Charlie

@moving_charlie

1 month

Do you agree?

Nigel Farage MP

@Nigel_Farage

1 month

Immigration is the real reason for the housing crisis!

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Moving Home with Charlie

@moving_charlie

1 month

If you’re confused about the war in Ukraine (like I am) this video from an American diplomat may be useful

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Moving Home with Charlie

@moving_charlie

7 months

How did landlords this under-informed ever become landlords?? “Can I break the lease and hike their rent?” 🤦🏻‍♂️ indeed

Jay

@JibbaJabb

7 months

🤦🏻‍♂️

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Moving Home with Charlie

@moving_charlie

1 year

NatWest boss begs Bank of England not to raise interest rates. This from a bank who, I am reliably informed (but it was 2nd hand) sent an internal memo saying their position was house prices would rise because Rightmove said they were. 🤦🏻‍♂️

NatWest boss urges Bank of England not to raise interest rates

Sir Howard Davies, the NatWest chairman and a former deputy governor of the central bank, suggested that the impact of previous rate increases has yet to be fully felt by struggling borrowers.

www.dailymail.co.uk

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Moving Home with Charlie

@moving_charlie

1 year

Imagine how different this chasing-the-market-down £60k story would’ve been if they’d listed it at £345k last July? They’d have probs got £350k, completion by Christmas. Instead, 9 months later, they’re desperately hoping for £315,000 in a worse market. Failed by their agent.

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Moving Home with Charlie

@moving_charlie

10 months

1,500,000 fixed rates ending in 2024. According to Bloomberg and KPMG survey, c.25% may be forced to sell up (in addition to usual seller numbers). That's 375,000 or about 50% of current transaction volumes. Imagine what adding that much supply will do to prices next year.

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Moving Home with Charlie

@moving_charlie

1 year

Almost all the widespread denial of falling house prices has now gone quiet. Next, coming to terms with the deeply unwelcome changing reality of the employment market and company failure rates. It is already worse than expected. Be prepared, hope for the best.

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Moving Home with Charlie

@moving_charlie

1 year

If they’d put it on at £650k originally they’d probably have sold it for £675k last summer. It’s a testament to human stubbornness (aka stupidity) that, no matter the evidence, people refuse to understand the concept of pricing low to create competing buyers to sell quickly.

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Moving Home with Charlie

@moving_charlie

9 months

To have built a portfolio of 16 buy-to-let properties might impress some. What's more impressive/astonishing/incredible is that the portfolio has become unviable. That's an astonishing feat of financial incompetence. A classic case of the "Hey! Borrow money and be financially

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Moving Home with Charlie

@moving_charlie

1 year

Ah, now we know why the lenders are all panicking. Moody’s has downgraded the UK housing market outlook. They keep using that word again “unexpected”. No, it wasn’t. Only by economists!

UK house prices set to slide 10%, Moody's warns

House prices in Britain are likely to fall 10% over the next two years and a more severe downturn in the housing market could trigger a lengthy recession, credit ratings agency Moody's said on...

www.reuters.com

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Moving Home with Charlie

@moving_charlie

11 months

The entire "Net Zero" movement is predicated on a pre-supposition that man-made emissions are the predominant cause of climate change. I accepted this without question for a long time. Then someone pointed out to me that there isn't actually any irrefutable evidence of this.

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Moving Home with Charlie

@moving_charlie

9 months

They must not have received the “supply and demand” memo.

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Moving Home with Charlie

@moving_charlie

1 year

"It's not the economy, stupid. It's housing." -Charlie Lamdin 2023 This is the message our politicians need to hear going into the next election. It stands up to scrutiny, as housing and the economy are so closely linked. But voting for the economy first is cart before horse.

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Moving Home with Charlie

@moving_charlie

1 year

For anyone who didn’t believe it when he said it last week, he’s doubling down on it: No Gov intervention on housing market. They ARE going to let prices fall. Hunt Rejects ‘Inflationary’ Proposals to Help UK Homeowners

UK’s Hunt Rejects ‘Inflationary’ Proposals to Support Homeowners

Chancellor of the Exchequer Jeremy Hunt said he will meet banks and UK mortgage providers this week to discuss the impact of rising interest rates on homeowners, but pushed back against calls for...

www.bloomberg.com

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Moving Home with Charlie

@moving_charlie

2 months

@alexgroundwater “The government”. 🤔

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Moving Home with Charlie

@moving_charlie

8 months

£1.2m initial asking price; down to £688k for exchange. Never give up when you know the price is silly. Stand your ground with patience.

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Moving Home with Charlie

@moving_charlie

11 months

I smell a nefarious campaign to have Rishi Sunak thrown under the election bus. He’s out of his depth now and it shows. Watch the tories make him the scapegoat for the next election. I hate the fact that more energy is invested in electioneering than improving people’s lives.

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Moving Home with Charlie

@moving_charlie

1 year

Me, 9 months ago: “8 reasons UK house prices will collapse.” Numpties 9 months ago: “No one knows what’ll happen, shush you doom monger.” Me today: “Sorry, I tried to warn you.” Numpties today: “Anyone could have predicted this.” Me:

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Moving Home with Charlie

@moving_charlie

1 year

The buying budget difference between 4% and 6% mortgage rates for typical FTB is about £50k less. If looking to buy at £300k with a £50k deposit borrowing £250k at 4% at 6% it becomes buying at £245k with a loan of £195k. Factor in that FTB’s are usually over half of all

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Moving Home with Charlie

@moving_charlie

7 months

Imagine how many more people would own their homes now (and not need to rent) if Buy To Let mortgages had never been made available to everyone. What’s required, and what’s missing from housing policy, is healthy balance.

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Moving Home with Charlie

@moving_charlie

1 year

Just had a phone call from a major newspaper journalist saying they can’t get an honest opinion on the property market from any major estate agents. “They’re all just talking the market up and it’s useless.” #stoptheguff

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Moving Home with Charlie

@moving_charlie

1 year

An economy that doesn't allow people in full time employment to live in decent quality homes is not a functioning economy.

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Moving Home with Charlie

@moving_charlie

1 year

It’s like a slow motion, mathematical time-bomb. If you crunch the numbers, there’s no escaping it. If it’s not what you want to hear, please feel free to put your head back in the sand and sing “la la la”

Risk of double mortgage shock as Bank warns over persistently high interest rates

Persistently high interest rates to further raise costs when expensive new deals expire

www.telegraph.co.uk

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Moving Home with Charlie

@moving_charlie

2 months

NEW: Rishi Sunak says the Tories will build 1.6 million homes in the next parliament. Because all the things that stopped them during the last 14 years will magically disappear if he’s elected. (Impartiality: Labour won’t build 1.5m either).

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Moving Home with Charlie

@moving_charlie

1 year

“Meanwhile, house prices are falling at the sharpest pace since 2009 and homes are taking almost twice as long to sell as they did a year ago.” For those forced to wait until homes are more affordable, your time is coming.

UK Mortgage Rates Triple in 'Nasty Shock' for Homeowners

About 1.4 million mortgages will be refinanced this year, and most of them currently have rates below 2%.

www.bloomberg.com

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Moving Home with Charlie

@moving_charlie

11 months

“Nationwide Building Society said the average cost of a home fell 5.3% in the year to August, the fastest pace since July 2009 when the global financial crisis was raging. Prices declined 0.8% on the month, double the drop economists were expecting.” 🤷🏻‍♂️

UK House Prices Fall the Most in 14 Years, Nationwide Says

The downturn gripping the UK housing market steepened in August as the cost-of-borrowing squeeze sapped demand, according to a major mortgage lender.

www.bloomberg.com

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Moving Home with Charlie

@moving_charlie

1 year

The list of contributing factors to this story contains points that have been widely available for over a year, hence it was entirely possible to foresee this a year ago (as some of us did). But no one wanted to hear it. @alexgroundwater

Britain’s house price crash ‘will be the worst in the world’

Downturn expected to be longest in the West as interest rate rise hammers mortgage market

www.telegraph.co.uk

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Moving Home with Charlie

@moving_charlie

28 days

Get one-third of the votes, get two-thirds of the seats. The cold, hard truth behind the illusion of democracy. We will be told that this is what we voted for. At a local level, it's true. At a national level, it's not. If you want to know how the powerful stay in power,

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Moving Home with Charlie

@moving_charlie

1 year

Phew. That's alright then, if he says so.

Higher interest rates won’t trigger financial crash, says Bank of England

Banks remain ‘resilient’ after Britain’s eight largest lenders pass stress tests

www.telegraph.co.uk

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Moving Home with Charlie

@moving_charlie

1 year

I stand by this more than ever.

Moving Home with Charlie

@moving_charlie

1 year

An economy that doesn't allow people in full time employment to live in decent quality homes is not a functioning economy.

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Moving Home with Charlie

@moving_charlie

1 year

"...home loan applications [aka 'demand'] have slumped 37% year-on-year, according to Bank of England data." That statement alone is the writing on the wall for house prices, whether you want it to be or not. Just need time for the lag effect to show through.

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Moving Home with Charlie

@moving_charlie

1 year

“House prices could fall by 35% by 2025 under worst-case scenario, market experts warn” I did ask not to be called an expert but hey, I can live with it 😎

House prices could fall by 35% by 2025 under worst-case scenario, market experts warn

Will house prices fall by 10 per cent? By 20 per cent? Or by 35 per cent? The truth is that we don’t and can’t know but what we do know is this: hundreds of thousands of people with large mortgages...

inews.co.uk

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Moving Home with Charlie

@moving_charlie

1 year

Watch this 60 second clip of @sashayanshin then tell me you think there’s any chance of this not happening

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Moving Home with Charlie

@moving_charlie

4 months

Buy to Let repossessions jump 56%. Now consider this as part of the trend of the last 12 months and, with falling rents and rates still rising, where it goes from here.

Buy-to-let repossessions jump 56 per cent as higher interest rates bite

The buy-to-let market has been hammered by higher interest rates with lending plummeting and arrears rising, according to new data.

www.cityam.com

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Moving Home with Charlie

@moving_charlie

6 months

Every. Single. Day. And this time halving redundancy payouts too. It’s relentless. Tell me we’re not in a recession. Devastating news for those affected.

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Moving Home with Charlie

@moving_charlie

6 months

This is the "UK GDP per head" graph that shows we've been in "personal recession" since 2007. Per person, we've never got back to 2007 levels. There is currently no known prospect of a turnaround either. So, make up your own mind about where things go from here.

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Moving Home with Charlie

@moving_charlie

1 year

“From tomorrow there are basically no 2 year deals that start with a 4. There are no 90-95% deals that start with a 5. When deals start with a 6, we pass the tipping point.”

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Moving Home with Charlie

@moving_charlie

5 months

Imagine if house-builders were colluding illegally to fix prices. Prepare to be unsurprised. Another week, another story that stinks of toxic, desperate, price-propping corporate culture. Happy Monday Homebuyers! If this investigation discovers evidence of deliberate collusion

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Moving Home with Charlie

@moving_charlie

5 months

If you’re serious about buying a home: 1. Don’t go viewing properties without a fully credit-checked mortgage in principle first from a broker you absolutely trust. 2. Don’t start offering without your carefully-selected conveyancer lined up first. 3. Don’t offer on a

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127

Moving Home with Charlie

@moving_charlie

3 months

If US rates go to 8%, there's no prospect of rate cuts in the UK, and we'd need to prepare for hikes. Which would be a nightmare.

Jamie Dimon: Bank boss warns US interest rates could rise to 8%

Jamie Dimon, the boss of JPMorgan Chase, said the bank is preparing for both rate cuts and rises.

www.bbc.co.uk

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Moving Home with Charlie

@moving_charlie

1 year

I can’t find the words to react to this home seller’s delusion. I don’t know whether to laugh or pity them.

Paul Dings

@PeakDistrict55

1 year

2

1

4

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125

Moving Home with Charlie

@moving_charlie

3 months

Was planning a livestream this evening but after spending most of the day in A&E with my daughter I’m afraid I’m tapping out tonight. I hope you all had a more fun Bank Holiday Monday than I did!

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126

Moving Home with Charlie

@moving_charlie

1 year

750,000 mortgage holders on very low fixed rate deals reach the end of that low fixed rate during the remainder of 2023. (Times, ONS). They will all be facing large jumps in mortgage payments. What we don’t know is how many can afford that jump, and how many are forced to sell.

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Moving Home with Charlie

@moving_charlie

10 months

The root cause of the festering rot in the rental market is the inherent conflict between the chancer landlords trying to achieve 'financial freedom' at the expense of their tenants' financial freedom. It's literally a tug of war over financial freedom. The basis of your

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Moving Home with Charlie

@moving_charlie

2 years

Far more people win than lose if house prices come down. Notwithstanding the short term pain for some, in the long term, overall, society will be better off with housing being more affordable.

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124

Moving Home with Charlie

@moving_charlie

1 year

When mortgage rates being “cut” to 5.8% becomes widespread news on the same day RICS releases its monthly survey saying house price sentiment is at its lowest for 14 years but not a peep about it… 🤷🏻‍♂️ Either journos like copying each other, or something more sinister is afoot

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