PPCC: Pisitófilos Creditófagos. Primavera 2024

[sudden and sharp]

Apostad por la U.E., mejor.

¡Pero si esto es una pocilga! ¡Lo digo desde la pesadumbre!

Medio planeta planeando como venir... y tú, en plan exquisito.   

[asustadísimos]

OPIO, BARAHÚNDA Y LOCOMOTORA.—

Tenemos:

— dos tipos de propiedad de viviendas:
• para vivir
• para dinero-sin-trabajar (D-S-T)

— dos tipos de viviendas para vivir:
• primera residencia
• segunda o más

— dos tipos de viviendas D-S-T, atención, incompatibles:
• para pase
• para alquilar (ALQ)

• dos tipos de viviendas ALQ, atención, incompatibles:
• para inquilinato (INQ)
• para 'bed & breakfast', hotelización (HOT) 

En suma, hay 5 grandes tipos de tenencia de viviendas:

Al Capital, el temita le da muchos y espantosos quebraderos de cabeza, entre ellos:
— el pisito es el opio del pueblo trabajador
— ineficiencia por la barahúnda mental del lo-vendo-lo-alquilo
— construir es locomotora

El Pinchazo de la Burbuja reveló que la cuestión era macroeconómica. Ahora ha devenido, además, en geopolítica.

Las «fantasías HOT» es lo peor ahora.

[Suavesito_Papi]

Apostad por la U.E., mejor.

¡Pero si esto es una pocilga! ¡Lo digo desde la pesadumbre!

Medio planeta planeando como venir... y tú, en plan exquisito.   

Es exactamente el mismo argumento que da el propietariado para justificar sus precios. Si no me lo compras tú, se lo vendo a un ruso o a un ucraniano, que además pagan a tocateja.

Felicidades

[CHOSEN]

Podrían prenderle fuego si quisieran.
Solo es "el complemento" (private taxation) de:
- Una pensión que supera el salario medio.
- Un sueldo público que supera el de la privada.


Lo sorprendente es que se nos intente convencer de que recoger algodón es lo mejor de la vida, porque sería peor estar en la selva mojados y pasando hambre.
Espero que en ese gigante inmobiliario -que en principio no tiene nada que ver con el congelador SAREB- pongan a otro Koldo que se lo lleve crudo y lo reinvierta en Benidorm.
Al menos tendría una buena COARTADA en el juicio (...Sr.Juez, yo solo estaba trabajando)
 

[sudden and sharp]

Apostad por la U.E., mejor.

¡Pero si esto es una pocilga! ¡Lo digo desde la pesadumbre!

Medio planeta planeando como venir... y tú, en plan exquisito.   

Es exactamente el mismo argumento que da el propietariado para justificar sus precios. Si no me lo compras tú, se lo vendo a un ruso o a un ucraniano, que además pagan a tocateja.

Felicidades

Patatas traigo...

[sudden and sharp]

Podrían prenderle fuego si quisieran.
Solo es "el complemento" (private taxation) de:
- Una pensión que supera el salario medio.
- Un sueldo público que supera el de la privada.


Lo sorprendente es que se nos intente convencer de que recoger algodón es lo mejor de la vida, porque sería peor estar en la selva mojados y pasando hambre.
Espero que en ese gigante inmobiliario -que en principio no tiene nada que ver con el congelador SAREB- pongan a otro Koldo que se lo lleve crudo y lo reinvierta en Benidorm.
Al menos tendría una buena COARTADA en el juicio (...Sr.Juez, yo solo estaba trabajando)
 

Paso.






---------
Delictivo empieza a ser lo tuyo.

[senslev]

Así de primeras, mal, maaaaaal. Quieren solucionar el tema de la vivienda, e invitan a uno de los voceros oficiales.

[Derby]

https://www.cityam.com/house-prices-fall-as-rents-skyrocket-by-9-2-per-cent-and-outstrip-wages/

House prices fall as rents skyrocket by 9.2 per cent and outstrip wages

House prices continued to fall in February, but private rents hit their highest level on record, the latest readings from the ONS have found.

UK house prices fell by the least in eight months when the figure edged down by 0.2 per cent on an annual basis in February, against a 1.3 per cent decline in the previous month.

The average price of a property during the month cost £281k, the UK Statistics Authority said on Wednesday.

London was the English region with the lowest annual inflation, where prices decreased by 4.8 per cent  in the 12 months to February 2024.

Between January and February, UK transactions increased by 1.2  per cent on a seasonally adjusted basis.

Iain McKenzie, chief of The Guild of Property Professionals, said: “Sellers will be delighted by another month of modest house price growth and this trend could continue as we move through the busy spring and summer months.

“A return to annual growth is now within reach after a difficult year for homeowners in 2023, many of whom may have felt that they had missed a window of opportunity to sell their property.”

He added: “Buyers may not be as excited about the prospect of house prices increasing, but it should be reassuring to know that any purchases made now are unlikely to lose value immediately after they exchange.”

Other groups which measure house prices have also shown a recovery, despite mortgage rates ticking back up.

A recent report by lender Nationwide said house prices grew in March at their fastest rate since December 2022.

Anthony Codling, managing director at RBC Capital Markets, said: “When we consider all the other economic moving parts and political machinations house prices continue to display a high level of stability and seem to be able to weather any storm thrown at them.

“This stability should encourage more people to move home and with wages currently rising faster than inflation, homebuyers may find they have a bigger budget than they thought.”



Rents remain a headache (and London is the worst)

Meanwhile, rental costs in the UK continued to grow with average rents rising 9.2 per cent in March – the highest level since data collection began in 2015.

London was the English region with the highest annual rents inflation in the 12 months to March 2024, at 11.2 per cent, which was up from 10.6% in February 2024.



Rebecca Florisson, principal analyst at the Work Foundation at Lancaster University, said: “Inflation might be falling, but those in the private rented sector are in the midst of a cost of renting crisis.”

“The record 9.2 per cent rise on the year is bad news for all renters, who are seeing rents outpace average wage rises of six per cent.”

She added: However, it is particularly challenging for the 1.4 million private renters in severely insecure employment – such as those on zero-hour contracts or in temporary work – who face insecurity at work and at home. This particularly affects severely insecure workers from Black and Asian backgrounds and workers aged 25 to 34.”

“Private renters already spend a higher percentage of their monthly earnings on housing than those in all other forms of accommodation. And insecure workers are particularly vulnerable to the rising cost of rents as they earn on average £3,276 less than those in secure jobs.”

[Derby]

https://www.ft.com/content/0d098011-0ff5-4125-8cbb-5a5b281c9bd0

US deficit poses ‘significant risks’ to global economy, warns IMF

Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy

The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.

The fund said in its benchmark Fiscal Monitor that it expected the US to record a fiscal deficit of 7.1 per cent next year — more than three times the 2 per cent average for other advanced economies.

It also raised concerns over Chinese government debt, with the country set to record a deficit of 7.6 per cent in 2025 — more than double the 3.7 per cent average for other emerging markets — as Beijing copes with weak demand and a housing crisis.

The US and China were among four countries the fund named that “critically need to take policy action to address fundamental imbalances between spending and revenues”. The others were the UK and Italy.

Rampant spending by the US and China in particular could “have profound effects for the global economy and pose significant risks for baseline fiscal projections in other economies”, the IMF said.



The assessment comes amid mounting concerns among economists and investors that 2025 will prove a crunch year for US fiscal policy.

The presumptive Republican presidential nominee Donald Trump has pledged to make his 2017 tax cuts permanent, a move the Committee for a Responsible Federal Budget think-tank expects to cost $5tn over the next decade. Democrats have been accused by Republicans and economists of doing too little to cut “discretionary spending” on healthcare and social security.

On Tuesday, IMF chief economist Pierre-Olivier Gourinchas said the US’s fiscal position was “of particular concern”, suggesting it could complicate the Federal Reserve’s attempts to return inflation to its 2 per cent goal.

“It raises short-term risks to the disinflation process, as well as longer-term fiscal and financial stability risks for the global economy,” he said. “Something will have to give.”

Governments’ debt burdens have surged following high spending during the early stages of the pandemic and big rises in global borrowing costs as central banks have sought to tame the worst bout of inflation in decades.

The Congressional Budget Office said the US’s federal debt pile amounted to $26.2tn, or 97 per cent of gross domestic product, at the end of last year. The independent fiscal watchdog expects it to match a previous post-second world war high of 116 per cent in 2029.



In other advanced economies, such as the eurozone, fiscal deficits were curbed during 2023.

But the IMF said the US had exhibited “remarkably large fiscal slippages”, with the fiscal deficit hitting 8.8 per cent of GDP last year — more than double the 4.1 per cent deficit figure recorded for 2022.

The IMF said the country’s fiscal deficit had contributed 0.5 percentage points to core inflation — a measure of underlying price pressures that excludes energy and food. That means US interest rates would need to remain higher for longer to bring inflation back to the Fed’s 2 per cent goal.

The CBO already thinks the bill for net interest payments to holders of US debt will top $1tn after 2026.

The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields across the world and exchange rate turbulence in emerging market and developing economies.

A fund analysis found a 1 percentage point spike in US rates led to a 90 basis point rise in other advanced economies and an increase in emerging markets of 1 percentage point.

“Global interest rate spillovers could contribute to tighter financial conditions, increasing risks elsewhere,” the IMF said.

It added that Chinese government debt, unlike US Treasuries, tends to be domestically held, so a sharp rise is unlikely to impact global markets in the same way. But the fund argued that the country’s debt dynamics could still weigh on its trade partners.

“A larger-than-expected slowdown of growth in China, potentially exacerbated by unintended fiscal tightening given significant fiscal imbalances in local governments, could generate negative spillovers to the rest of the world through lower levels of international trade, external financing, and investments,” it said.

The IMF’s top fiscal policy official, Vítor Gaspar, said the economic power of both the US and China meant they had time to bring their finances under control. Both governments had more fiscal space than their counterparts, giving them “more room for manoeuvre to correct and control”, he said.

[Cadavre Exquis]

https://cincodias.elpais.com/opinion/2024-04-17/claves-los-viejos-tiempos-de-la-alianza-antiproteccionista-pekin-bruselas-y-el-estrecho-camino-a-la-rentabilidad-de-los-caseros.html#

A los propietarios de pisos se les va estrechando el camino a la rentabilidad

https://cincodias.elpais.com/companias/2024-04-17/los-bancos-no-podran-ceder-a-terceros-las-hipotecas-con-aval-del-estado-para-jovenes.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/companias/2024-04-16/exceltur-alerta-de-que-las-viviendas-turisticas-se-han-disparado-un-25-en-el-ultimo-ano.html

https://cincodias.elpais.com/companias/2024-04-17/room007-aspira-a-cerrar-este-ano-con-45-hostels-y-una-facturacion-de-80-millones.html

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2024-04-16/la-economia-de-estados-unidos-ampliara-su-ventaja-sobre-la-europea-segun-el-fmi.html

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2024-04-17/el-fmi-advierte-de-que-el-paro-en-espana-no-bajara-del-11-al-menos-hasta-la-proxima-decada.html

https://elpais.com/economia/2024-04-16/el-fmi-subraya-el-riesgo-de-las-perdidas-del-sector-inmobiliario-comercial-para-la-estabilidad-financiera.html

Saludos.

[Cadavre Exquis]

https://elpais.com/economia/2024-04-16/scholz-juega-a-dos-bandas-en-china-advierte-sobre-el-proteccionismo-de-la-ue-pero-pide-a-pekin-una-competencia-leal.html

Saludos.

[Cadavre Exquis]

https://cincodias.elpais.com/opinion/2024-04-17/nada-cuadra-en-este-momento-en-los-mercados.html

Saludos.