Tales of the Housing Apocalypse from the Daily Mail

WTF?_2

Yeah, yeah, it's the Daily Mail but he makes some good points:

http://www.dailymail.co.uk/news/article-1058601/Apocalypse-Now--New-world-order-devastating-implications-Western-nations.html

I know I will be accused of being unnecessarily apocalyptic and irresponsibly
negative, but I believe that the greatest mistake we can now make is to
downplay the seriousness of the situation and bury our heads in the sand.
..
Some experts were talking this week as if the financial crisis was nearly over. They
could not be more wrong. The downturn has only just begun — and for most citizens
uninvolved with finance the consequences have not been felt at all.
..
We can expect a sharp increase in personal bankruptcies. Yet the numbers will not peak until this time next year at the earliest.
Hundreds of thousands of people will lose their jobs, with many forced to sell their houses. Property prices will slump.
There will be extreme human suffering, panic and despair. Many careers will be
destroyed. This is considerably worse than the downturn of the early 1990s.
The orthodoxy from the British Government, the Confederation of British Industry and elsewhere that there will be a mild slowdown ending late next year is nonsense.
This crisis is vicious, dynamic and only just beginning.

Even those of us lucky enough not to lose our jobs and our homes will have friends and relatives who do.

He might be over-sensationalising it a bit but the points he makes are bang on. Although I don't foresee the instant 25% drop in London property, there's now no question that it is going to be hit very, very hard and very, very, fast indeed.

StevieJ

!!!!!!? wrote: »

Yeah, yeah, it's the Daily Mail but he makes some good points:

http://www.dailymail.co.uk/news/article-1058601/Apocalypse-Now--New-world-order-devastating-implications-Western-nations.html

I know I will be accused of being unnecessarily apocalyptic and irresponsibly
negative, but I believe that the greatest mistake we can now make is to
downplay the seriousness of the situation and bury our heads in the sand.
..
Some experts were talking this week as if the financial crisis was nearly over.
They
could not be more wrong. The downturn has only just begun — and for most citizens
uninvolved with finance the consequences have not been felt at all.
..
We can expect a sharp increase in personal bankruptcies. Yet the numbers will not peak until this time next year at the earliest.
Hundreds of thousands of people will lose their jobs, with many forced to sell their houses. Property prices will slump.
There will be extreme human suffering, panic and despair. Many careers will be
destroyed. This is considerably worse than the downturn of the early 1990s.
The orthodoxy from the British Government, the Confederation of British Industry and elsewhere that there will be a mild slowdown ending late next year is nonsense.
This crisis is vicious, dynamic and only just beginning.

Even those of us lucky enough not to lose our jobs and our homes will have friends and relatives who do.

He might be over-sensationalising it a bit but the points he makes are bang on. Although I don't foresee the instant 25% drop in London property, there's now no question that it is going to be hit very, very hard and very, very, fast indeed.

Dear oh Dear.

dopester

I hope he is wrong about China. China and the US and Russia, because despite some high profile squabbles, they co-operate quite a lot.

And people here thought I was crazy for suggesting that some parts of the UK will be left to rot by an insolvent government leading to migration to other areas, that the NHS would be slashed, that public sector jobs would be slashed, that there would be mass unemployment and pay-cuts for those still employed.

I'm hoping the disorder doesn't become as bad and widespread as made out in that article. We have endured worse than this, although this will be a huge drop in expectations of living standards.

Expect a revival in religion. The gods speak in times of trouble, when people are exposed to difficult to cope with strains and stresses. Religion may be strengthened because of the breakdown of social order which exposes the states failure to carry out its functions - bringing back religion to the functions it performed in traditional societies.

And the death of secular consumerism, spending money on credit for anything which takes your fancy. Slow debt liquidation and a slow return to sound financial principles.

The remedy is for people to stop watching the ticker, listening to the radio, drinking bootleg gin, and dancing to jazz; forget the "new economics" and prosperity founded upon spending and gambling, and return to the old economics and prosperity based upon savings and working.

- T.W. Lamont, 1930

tomstickland

The remedy is for people to stop watching the ticker, listening to the radio, drinking bootleg gin, and dancing to jazz; forget the "new economics" and prosperity founded upon spending and gambling, and return to the old economics and prosperity based upon savings and working.

- T.W. Lamont, 1930

He mixes things up there, was he some sort of puritan?
There's nothing to stop you drinking, gambling, listening to jazz (niiiiice) or the radio. Just don't fund all of that on borrowed money.

amcluesent

The idle and dim will need to be conscripted into a new Land Army so that every patch of ground in England provides food. We soon won't be able to afford to import our food to feed the millions who have flooded in and are having 6, 10, 12 children per family. Many will be returned to their homelands to ease our burdens, we are a democracy and that will be the popular vote.

The great swathes of jobsworths, 'umin-rights hand-wringers, diversity-inspectors and the like will be swept away. No more one man digging and 6 watching! "If a man will not work, he shall not eat."

Make to and mend. Really what do we need to buy new? Very little with some ingenuity and the women's nimble fingers darning, patching and knitting. Mum's will do wonders with turnips, 'national bread' and 2oz of stewing steak.

The ageing 'boomers' will have to accept their twilight years may be forshoretened as we can no longer afford 'wonder' dugs.

posh*spice

I thought that some of the respondents made some interesting points. It's not actually in the interests of The Middle East, Latin America or China to see us descend into the sort of poverty described in this article. We are their markets - why would they want to destroy us? Money supply is global these days - I don't think anyone really knows how this is going to play out yet. He certainly paints a bleak picture though - so I have found relgion already and will be praying hard that this jounalist is talking carp;)

dopester

tomstickland wrote: »

He mixes things up there, was he some sort of puritan?
There's nothing to stop you drinking, gambling, listening to jazz (niiiiice) or the radio. Just don't fund all of that on borrowed money.

I presume by radio he meant society's constant monitoring of the stock market in the preceding boom, as prices rose and rose.

And by "dancing to jazz" I think perhaps he means the money spending highlife at the party places, which now people couldn't afford with the fall of some high and mighty and ordinary too..

Yes though, I'm certainly not going to stop listening to the radio, seeing as I bought 2 Freeplay Windup/Solar FM, MW, LW, SW radios for if the power goes out.

bikerqueen

amcluesent wrote: »

The idle and dim will need to be conscripted into a new Land Army so that every patch of ground in England provides food. We soon won't be able to afford to import our food to feed the millions who have flooded in and are having 6, 10, 12 children per family. Many will be returned to their homelands to ease our burdens, we are a democracy and that will be the popular vote.

The great swathes of jobsworths, 'umin-rights hand-wringers, diversity-inspectors and the like will be swept away. No more one man digging and 6 watching! "If a man will not work, he shall not eat."

Make to and mend. Really what do we need to buy new? Very little with some ingenuity and the women's nimble fingers darning, patching and knitting. Mum's will do wonders with turnips, 'national bread' and 2oz of stewing steak.

The ageing 'boomers' will have to accept their twilight years may be forshoretened as we can no longer afford 'wonder' dugs.

lol.

particularly like the fact that it's women darning...

lostinrates

Jazz is the root of much evil.

(DH was a jazz musician )

kennyboy66_2

dopester wrote: »

And people here thought I was crazy for suggesting that some parts of the UK will be left to rot by an insolvent government leading to migration to other areas, that the NHS would be slashed, that public sector jobs would be slashed, that there would be mass unemployment and pay-cuts for those still employed.

It's hardly a crazy thought. That' exactly what happened to people in northern cities, mining & steel towns from 1979 - 1990.

The public sector does need cutting back, although worryingly there appears to be no party out there who seem up to the task and are prepared to say that the government should do less.

As far as the rise of the right goes, the Daily Mail miss the irony in that they were the biggest cheerleader in the UK for facism in the 1930's and continue to berate immigrants & gypsies to this day (following on from their attacks on Irish people in the 1970's).

ess0two

!!!!!!? wrote: »

Yeah, yeah, it's the Daily Mail but he makes some good points:

http://www.dailymail.co.uk/news/article-1058601/Apocalypse-Now--New-world-order-devastating-implications-Western-nations.html

I know I will be accused of being unnecessarily apocalyptic and irresponsibly
negative, but I believe that the greatest mistake we can now make is to
downplay the seriousness of the situation and bury our heads in the sand.
..
Some experts were talking this week as if the financial crisis was nearly over. They
could not be more wrong. The downturn has only just begun — and for most citizens
uninvolved with finance the consequences have not been felt at all.
..
We can expect a sharp increase in personal bankruptcies. Yet the numbers will not peak until this time next year at the earliest.
Hundreds of thousands of people will lose their jobs, with many forced to sell their houses. Property prices will slump.
There will be extreme human suffering, panic and despair. Many careers will be
destroyed. This is considerably worse than the downturn of the early 1990s.
The orthodoxy from the British Government, the Confederation of British Industry and elsewhere that there will be a mild slowdown ending late next year is nonsense.
This crisis is vicious, dynamic and only just beginning.

Even those of us lucky enough not to lose our jobs and our homes will have friends and relatives who do.

He might be over-sensationalising it a bit but the points he makes are bang on. Although I don't foresee the instant 25% drop in London property, there's now no question that it is going to be hit very, very hard and very, very, fast indeed.

Yawn its like groundhog day in here,same people same !hi!.