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| The UK housing market: a bubble about to burst? |
ftmonitor
by The Dark Lord
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#1001347
of 3278
 05 Dec 2002
09:18 AM |
Could you yokels please refrain from use of the term "folks" ... it is bad enough having to wade through the bulk of idiocy on this board without having to put up with terms which suggest your uncle is also your father, and you're married to your sister.
*Bubbles* |
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Warner Bros. and The Housing Market
by Rob G
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#1001346
of 3278
05 Dec 2002
01:50 AM |
Have you ever see those Roadrunner cartoons?
You know, the ones where Wile E Coyote chases the bird over the edge of a precipice and carries on running quite happily until he looks down and realises that the ground has dropped out from under him.
That's quite a good analogy for the housing market right now.
I reakon it'll be, ooh, say 3 months before the public finally look down and realise that the economy is about 1000 feet below them.
It's all going to be very messy, and I don't think they'll be able to dust themselves off ready for the next scene like our canine cartoon friend.
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Concerning that other fashionable topic - the subject of multiple posting personalities - far be it for me to defend Hoogstraten but it is actually possible for different people working for the same company to appear as the same IP address on the Net. They'd most likely be sharing the same proxy server.
If this the case, I do feel rather sorry for their employer. Just think about all that brainpower going to waste posting reams of spurious verbiage on this forum when it could be put to more productive business-related use. |
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We're watching.
by ftmonitor
FT Administrator  |
#1001345
of 3278
04 Dec 2002
11:12 PM |
There is a struggle apparent among you folks to bring this back around, hopefully without the need for further intervention.
It is a valuable topic with many potential twists and turns to explore.
If the folks that are sincerely interested in engaging in a fruitful dialog make reasonable effort to guide it, it will gain an energy in which a lot of sharing of diverse thoughts can take place. |
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by
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#1001344
of 3278
04 Dec 2002
11:01 PM |
| ... so either there is or there isn't a bubble. |
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Hoogstraten i can smell the coffee
by Mr Britain
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#1001343
of 3278
04 Dec 2002
10:56 PM |
Maybe your are correct when you say that “European Governments are more socialist than Britain” but they don’t give any Tom Dick or Harry a house and then help to move there family in.
Money for votes i say
No trading houses is not as easy as trading shares but many people in Britain see property as an investment and not a home. Who know there neighbour name any more.
I don’t see a “service sector based economy” as being better placed than a manufacturing based economy because at the end of the day the Germans sell cars abroad to help them pay for there new Hitachi wide screen TV’s but me cleaning your windows and you doing my accounts produces no foreign income. Talk about multinational service companies then they have long moved there bases away from the UK to ensure profits are not taxed to death.
Do you think fund management companies are doing so well after the past two years on the exchanges. Lloyds insurance is not having a good time ask some of the ‘Names’ Belgium has more British companies here than you have in the UK. Longer term sterling is too small to compete with the USD and the Euro.
Maybe it’s a conspiracy throughout Europe but all I see is by one means or another we are paying more and more into the system via Taxes, House prices, Pensions, Insurance and the returns are getting smaller. I Read a report that clamed the standard of living went down 3.4% in the UK last year.
The list of people who are complaining is getting much longer. From students to Pensioners and the Fire Brigade. Well I would like to add to that list. What about the working man in the private sector. This all comes back to money in the economy and the biggest expense is the cost of property. All that’s happening is you will end up having to retire at 95 because you will still be paying if you have just entered the housing market and want to climb the ladder to a larger detached property in a decent area. Well I guess that will help end of the pension fiasco going on right now. |
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by
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#1001342
of 3278
04 Dec 2002
10:40 PM |
Monitor
Monitor - please bring this back on topic. JackWolfGarten+Three is an ego-poster, and enjoys the number of times people post long and involved arguments to rebut what is, for him, just an entertainment.
No more pretentious 2nd year economics, and no more multiple personas, please.
Thankyou |
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by
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#1001341
of 3278
04 Dec 2002
10:32 PM |
Monitor
Monitor - please bring this back on topic. JackWolfGarten+two is an ego-poster, and enjoys the number of times people post long and involved arguments to rebut what is, for him, just an entertainment.
More fool them, more fool us, and more fool you too. |
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One persona - lightening the intellectual load
by Hoogstraten
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#1001340
of 3278
04 Dec 2002
10:30 PM |
I have already told you that the name Hoogstraten is the only name I have ever posted on.
How many times do I need to explain this? |
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Some interesting Hayek(ian?) analyses
by Von Mises
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#1001339
of 3278
04 Dec 2002
10:29 PM |
The following link provides some stimulating analysis on why the forum is ranging form immediate subject.... and of debated points.. e.g. Escalator and Money and Credit
Capital Insight |
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by JoJo
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#1001338
of 3278
04 Dec 2002
10:22 PM |
| and there is a house price involved somewhere? |
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Zorro the end is nigh
by Mr Britain
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#1001337
of 3278
04 Dec 2002
10:17 PM |
The IR sees your income as 'unearned income' and you say we don’t see Eye to Eye on Taxes. I Think we do. Under IR35 the UK Government expects me to take all my income from IT Contracting and treat it as PAYE so that means that I would pay 40% Income Tax and then 11% National Insurance plus since I need to work through a one man limited company I also end up paying 11% Employers contributions. That’s 62% of my money they want me to pay for the pleasure of sitting in traffic jam or catching a bus and getting mugged. Gone are the days where you can take it as dividends and split it with your wife.
You think Tony Blair wants to close Tax Havens such as the Isle of Man. I Worked there for a while and was told that many of the MP’s would like it to keep it’s tax status because they are the worlds worse for hiding cash off shore. In three years time the IOM Government is reducing corporation Taxes to Zero percent and in any case how will Tony Blair & Co close the new Tax Havens opening up such as Burmuda.
Taxes are putting so much pressure on companies and individuals it’s no surprise they are moving East and families are splitting up due to financial concerns. (opp’s so that why we need more houses)
Yes things are breaking down but social engineering by our government has never worked. Look at what’s happening to all the subsidized (Hidden Tax) Social Housing on our four bed luxury detached estates. Do they stay in the hands of the poor or do the locals buy them up for their children. (Bribe your 30 year old son to leave home)
It’s not just Russian nuclear power stations that hold trouble. Many here in the UK are well past there design life and BNF dare not decommission any because that would expose the true cost Involved and that will create a melt down in it’s own right.
Unlike you I don’t think any of our governments have provided value for money when it comes to social fabric and infrastructure. Just look at the road or rail system. I Think I pay more than enough as it is into the system and as a working man I see little in return which leads me to believe MP’s are robbing us in the same way that Sadam is robbing his own people. Ask you great granddad if he trusts governments having been forced out of the trenched during the second world war and used as cannon fodder. No sorry our salvation is not coming from our government. (Turn to god my friend)
I Don’t pretend to have the answers but I know that giving the police men machine guns so that they can arrest you because you did’t pay 98% in Taxes is not the answer. |
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by JoJo
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#1001336
of 3278
04 Dec 2002
10:04 PM |
Hoogie
Post something about housing, or leave.
Without multiple personas, and without showing off. |
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Reply to Mr Britain
by Hoogstraten
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#1001335
of 3278
04 Dec 2002
09:42 PM |
I do not agree with the extremely high level of taxes in Britain, and I believe many of the public services are poor here, especially given the amount we pay for them!
I do not think it is accurate to say property is traded like shares in the UK – the transaction costs of buying property are high (maybe not compared to Belgium, but definitely high compared to trading shares). There is also much stress and hassle involved with the buying and selling of property in the UK – unlike trading equities.
Europe is in a worse recession than the UK – this is because European Governments are more socialist than Britain (even now under New Labour).
Germany is largely manufacturing based – this will be their downfall. All the production plants will eventually move to cheaper locations – China or Eastern Europe. This is not such an issue for the UK, because it is a primarily service sector based economy. The City has more investments banks than are in New York – this is because all the European, Japanese and US banks have offices here (there are also massive insurance companies, retail banks, fund management companies etc in London as well). Financial services are experiencing very tough times at the moment, but it will come again eventually.
Banking will NOT leave London, even if Britain joins the Euro. The currency does not have an impact on the location the investment banks et al chooses. I certainly do not think it would be a good idea for Britain to join the Euro, but I do not think Britain will join the Euro.
In summary, I agree with you if you are saying that the current Government management in the UK is poor. Where I disagree with you is that I think Europe’s economies are managed much worse, and they are in much poorer shape than Britain (especially Germany, who are set to become the new Japan).
Rgds Hoogy
ps. JoJo - contribute something positive yourself or leave. |
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by JoJo
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#1001334
of 3278
04 Dec 2002
09:30 PM |
Monitor - please bring this back on topic. JackWolfGarten+One is an ego-poster, and enjoys the number of times people post long and involved arguments to rebut what is, for him, just an entertainment.
More fool them, more fool us, and more fool you too.
Housing market, please.
Thankyou. |
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Hi Mr Britain, well I never
by zorro
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#1001333
of 3278
04 Dec 2002
09:14 PM |
In general, your perceptions are likely to prove correct in due course, regrettably.
The point where we don't see eye to eye is on paying taxes. How is a government to maintain the social fabric and infrastructure without taxes? But here we have put our collective finger on the bit that really matters: the increasing helplessness, ney - impotence - of national governments to do anything, in the face of the fact that their taxes largely come from businesses which have the power to vote with their feet and ****** off to a more friendly tax-regime.
And, ultimately, do you know, what this means, Mr Britain? It means that a world government must evolve of necessity, and it will probably be quite totalitarian and oppressive (so be it), to curb all these tax havens etc (Tony Blair is working on that). Or else a total world-wide anarchy will rule, which is worse, when yu consider all these dilapidated nuclear installations in the Kamtschatka and elsewhere. So I hope you can sleep peacefully in your bed when you ponder the factors involved. And much as I don't want the war in Iraq (bad for business) or any other war, I can see that time is running out. Can you?
'Good night, sweet prince'. |
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