According to @enf collecting data about housing costs is a worthwhile exercise. Kudos. 1979 was the year that San Francisco’s Mayor imposed a rent control, 70 years later, data inspection shows an average 6.6% increase (mostly year on year since 1956) – rent control or not. Eric Fischer cites ‘It would take a 53% increase in the housing supply (200,000 new units), or a 44% drop in CPI-adjusted salaries, or a 51% drop in employment, to cut prices by two thirds.’ Does rent control work?
According to Rightmove, the average for properties coming on to the market in England and Wales, with two bedrooms or fewer, was £11,298 higher in May than in April, at £194,224.
According to Countrywide the average price paid by investors fell by 8.3% in April, from £194,000 to £178,000. The average price of a first-time buyer property had risen by 11.4% since May 2015 across the UK and Hotspots – all towns within easy commuting distance of central London – asking prices were up by more than 18% over the year. Across all property types, average asking prices had increased by 0.4% over the month to an average of £308,151, with prices down on the previous month in London, the north-west and the north-east.
According to the official oldest person in the world the reason for her longevity is also often the most cited benefit of being an independent business – the lifestyle choice – not to be ‘dominated by anyone’.
According to the Government, Lloyds will be fully returned to the private sector this year with billions of pounds’ worth of its shares made available at a discount to ordinary investors, says the government. The Treasury announced it benefited from a payout of £130m from shares this April, which takes the total return from distributions to £318m and an overall amount of £16.8Bn recovered against the taxpayers’ £20.5Bn bail-out for 43% stake.
According to an independent European ethics rating agency, RBS Group has been assigned its second lowest rating, E. The agency’s opinion is their ‘relative level of reputational and operational risk’, grading firms from ‘EEE’ to ‘F’ and used by investors to evaluate corporate behaviour and to determine a company’s future financial performance, respectively also counted towards its poor rating. Barclays was assigned an E rating, largely because of a similar set of scandals to RBS.
According to scientists, @GoogleFacts, your heartbeat changes with the music you listen to. Office playlist in May is mainly Sing Street’s playlist, from mid- 80’s and some early 70’s Bowie. Vintage month.
Image and Article credit: Copyright SUF © 2016