Rob Dales

@ZynxBTC Correct - many people have simply taken equity out of their houses by way of a mortgage as a source of tax free income. In many cases this has been far in excess of the amount of money they can earn. Now that prices are dropping we will see disposable income get squeezed hard.

No one is prepared for how materially poorer the UK is likely to become over the next two decades. A disproportionate share of British wealth is concentrated in housing. Over 40% of total household wealth, approaching £4 trillion, is tied up in residential property. For the past 30 years that seemingly worked very well. Housing absorbed a significant share of monetary premium in an environment defined by falling interest rates, expanding credit and persistent monetary easing. It ceased to function purely as shelter and instead became leveraged money and a store of value. The UK faces a combination of headwinds that means this is going to change. An ageing population, low birth rates, slowing population growth and increasing capital outflows as high net-worth individuals relocate to more favourable jurisdictions in the Middle East and Asia. At the same time, housing is no longer the only recipient of excess liquidity. The global choice for storing value has expanded and alternative monetary assets, such as Bitcoin, are beginning to compete for that premium. The UK has mistaken housing inflation for wealth creation for three decades. What follows is unlikely to be a sudden collapse but a slow erosion of real value concealed by nominal stability. A large portion of British wealth is far more fragile than widely understood.

@TheSecretAcct I think the previous sale and leaseback with RPI leases more likely what did for them .

I’m not surprised given the cost. It’s an absolutely ridiculous price to park in an NCP car park. People are feeling it and looking at other ways of commuting and parking..

@kerrodgraygolf Crush

Feel your arms LIFT as you focus on turning your back to the target. #golf

@westsussexgolf Hardest tee shot on the course !

The blind 7th, typically reached in just over an hour thanks to quick two-ball golf.

@SandyofSuffolk It’s already here !

Nobody is talking about the housing market. 45 properties in my village now for sale. Some have been available for a year. A couple of years ago, there were probably 3 or 4 for sale here and they were snapped up in a matter of weeks. Houses we looked at in North Yorkshire and Co Durham in August are still for sale now at reduced prices. A crash is coming. 😱 Will negative equity rear it's ugly head? 🤔🧐

@ChloeAllyn Just booked Old Head & Killarney for the summer !

what golf trips have you booked this year? ⛳️ ☀️

@MerrynSW Sounds expensive for East Sussex - long commute for the City !

House bought for 425k in 1995. On at 2.5m. Inflation adjusted 1995 price would be 880k ish

⚠️SELHAM ROAD, SELHAM, LODSWORTH⚠️ Due to flooding, the road is closed from the junction of the A272 to south of the timber yard on Selham Road. Please avoid the area. We will update you when we have further information.

@mrewanmurray Agreed and right decision - but the shortlist is often contrived !

Often forgotten that it’s the British public - not the BBC - who vote for sports personality of the year. So it would be an absolute shocker for and by the British public if Rory McIlroy does not win. The sporting moment of the year was Rory’s. A total no-brainer.

Great addition to a great scheme ! #highstreet #retail

@everymovieplug Snake Pliskin ?

Your country’s president has been taken hostage. You can call just one person to rescue him alive ☎️

@MerrynSW Suspect that masks the greater fall in the last 6 months and the majority of people who are electing not to take market offers.

The official house price index rose by 2.8% year-over-year in July. CPI is 3.8%. UK house prices are falling in real terms...

@MyGolfSpy Gimmes !

What something that massively improved your golf game?

@FT Perhaps they can’t believe they are that bad !

ONS delays release of July retail sales data due to ‘quality’ concerns on.ft.com/4mnmdpC

@CoStarUKeditor Looks like nice open storage !

ICG buys Liverpool open storage park for £63 million costar.com/article/197839…£63-million

@TheSecretAcct @FinanceTiger Govt talk of banning UORR ?

@FinanceTiger Yes, not sure why SUPR has drifted down over last few days.

🗼Infrastructures are having a good day. #CORD went ex-dividend. The ones I hold 👇

Watch that funding market collapse ! 🤡

Now things are getting serious !

ICYMI “Outlets perform well in the good times and great in the bad times” Opinion: Six takeaways from the Magdus Pan-European Outlet Conference | Dom Brady, @KLMRealEstate greenstreetnews.com/article/six-ta…

@peterproperty Suspect they were not allowed to keep the name as will still be a brand in travel hubs.

If you are wondering who would be (insert own phrase) to dump WH Smith in favour of TG Jones, meet the team from new owners, Modella Capital.

Mail: Iconic high street retailer WH Smith is set to rebrand as part of £76million sale. Say goodbye to WH Smith. Say hello to TG Jones. dailymail.co.uk/news/article-1…