@poptartcarts420 Did you get clarity on whether it’s legit?
English
financial fox
2K posts
financial fox
@_FinancialFox_
foxy finance & other crap
Katılım Ocak 2022
580 Takip Edilen119 Takipçiler
@offgriddesigner @michaelkeen82 Show us the cancer incidence of under 40s over time (UK)
English
@moving_charlie Ah now we are getting somewhere. Correct (as per my previous tweet) - London is an entirely different beast and you shouldn’t sweep the UK under an idiosyncratic London housing market.
South East house prices have increased over 5-years.
English
@_FinancialFox_ it's regional, mostly in the South. Especially leasehold.
English
Think what this means for where buyer demand is heading.
GB Politics@GBPolitcs
🚨NEW: The number of people on Universal Credit has hit 8.4 million, up 63,000 in a single month, according to DWP data published today
English
@moving_charlie Ok so now you’re challenging the word skyrocket (pivot from your previous claim).
You claimed house prices have reduced over the last 5 years. Can you send me the source of this data, or is it just baseless and anecdotal?
English
@_FinancialFox_ Oh, you're a blind believer of Lender indices! No wonder you think house prices have skyrocketed.
8% in 5 years is not sky rocketing. 1.6% a year.
Especially when compared to wages which are up 25% over the same period.
It is not me who is in need of better research mon ami.
English
@moving_charlie Let’s look at average house prices in the UK over time. Over the past 5 years UC claims have skyrocketed as have house prices.
Again: do you even research this stuff?What data do you have to show average UK house prices have reduced in the last 5 years??
Ya dummy 😎
English
@_FinancialFox_ I think you need to hear the “correlation is not causation” phrase and repeat it to yourself a lot.
Do that graph for the last 5 years. Prices down, UC up.
Ya dummy 😎
English
@mongrelcelt I have provided the definition below, please explain how meets the definition (i can’t connect the dots)
I’m not saying there could be some strain but it’s not GFC territory. Demand continues to outweigh supply and will continue to. Please understand basic economics
English
Apparently the UK housing market didn't conform to Ponzi definition 2019-2022
And losing ur job doesn't affect ur mortgage payment, or prevent u buying a house?
And rising unemployment will not effect these housing market
This reasoning is why the uk is in such bad shape
financial fox@_FinancialFox_
@mongrelcelt @moving_charlie Do you know what a Ponzi scheme is? If so, please explain how house price appreciation over 2019-2022 was a Ponzi scheme. Even if your opinion is correct - a typical UK property has 40% in equity and only 45% have a mortgage at all. The fundamentals do not align to your “storm”
English
@mongrelcelt @moving_charlie Do you know what a Ponzi scheme is? If so, please explain how house price appreciation over 2019-2022 was a Ponzi scheme.
Even if your opinion is correct - a typical UK property has 40% in equity and only 45% have a mortgage at all. The fundamentals do not align to your “storm”
English
@_FinancialFox_ @moving_charlie Comparing Ponzi era house prices that rocketed between 2019-2022 to UC claims is apples & oranges
Now we have perfect storm recession, plus AI replacement, both taking middle & higher paid jobs that were safe back then. UC takers are now more likely to be mortgaged or buyers
English
@mongrelcelt @moving_charlie Property prices increased over 20% from 2019-2024. In that same time UC claimants went from 2m to 8m.
There has been no link between property prices and UC claimants (the inverse is true)
The explanation is marginal UC claimants is not the marginal buyer/seller
English
@_FinancialFox_ @moving_charlie Those who weren't potential buyers/paying a mortgage have no effect on housing market, positive or negative
But obvs ur not saying none of the new UC were buyers/mortgaged. We don't know the number. Those who were will affect it negatively; less demand, more supply, lower prices
English
@mongrelcelt @moving_charlie we don’t know what the % of those who lost a job were potential buyers / already have a mortgage. It’s likely most of those who joined UC fall into this category.
We’ve seen those on UC quadruple since 2019 and house prices have increased. There doesn’t seem to be a link at all
English
@_FinancialFox_ @moving_charlie Ppl joining UC have lost their jobs, increasing numbers who can't buy and can't pay their mortgage. So obvs that's falling demand for buying and increasing numbers of forced sales/repos
English
@TomWright165389 @moving_charlie But he’s been pushing the narrative or market housing crash for years which isn’t what has happened - even with higher rates + cost of living shock
English
@TomWright165389 @moving_charlie Shortage
We have the lowest number of houses adjusted for population in Europe (apart from Ireland)
English
Just found a UK nano-cap trading at 4x FCF.
£14m market cap
£12m EV
Net cash
30% ROCE
Revenues up 50%+ in 3 years.
Market pricing it like it’s dying.
It’s growing.
English
@mvcinvesting Does the lack of new merchant growth worry you?
English
$DLO's Net Revenue Retention (NRR) reached 162%, up from 149% in Q3, 145% in Q2, and 113% in Q1.
🔥
English
@robotmilk2 @2147mill With a last name like Hayes, I’m not surprised you know the price
English
I just checked my dividends for February.
£550 while I was working my 9-5.
That's not retirement money yet.
But it's 3 years of grocery bills I'll never have to worry about.
The machine is building itself.
English
48 hours ago @claudeai released the Wealth Management plugin and of course I had to dig in and check it out. I've created a thread on how to use it and what are the inputs and outputs. I'm sharing all the PDFs involved.
[1/12]
English