So, how will America vote now?

GDB2222

How long can USA keep running a trade deficit of this sort? We are doing the same, by the way.

Realy

Chris2685 wrote: »

Damn straight

Of course the best thing would be for a nice gradual slowdown of the unsustainable growth we have seen in the past several years, so that 'real prices' can catch up. That will never really happen though because most everyday people still don't believe that their house should be worth less than it was at peak.

I think the bill will bring a slower more manageable decline.
Also it will possibly stop the US having up to 25% unemployment and a depression (and how much would that cost the US tax payer more than £700BN I think).
I think too many of the HPC crowd are worried it will bounce prices straight away. It won't but it may stop us having so many distressed sellers over here is that a bad thing.
If you want it not to go through just so it could get you a cheap house here it is madness (and profiteering as bad a HPI BTLers)!
Any way it is irrelevant as it looks like the US want it (if I was there I would and would be prepared to pay) yes there is a very small minority who don’t but unfortunately the vast majority do.

mewbie_2

Realy wrote: »

I think the bill will bring a slower more manageable decline.

Senator1: I have a new Bill to present to the Senate.
Senator2: What is it?
Senator1: 700 billion dollars.

Woby_Tide

welshnoonoo wrote: »

In their defence, there have been tweaks/amendments made so presumably they are not not voting on exactly the same thing - but I take your point.

tweaks/amendments....it started off as a 3 page bill, by the time it went to the first vote and was defeated it was 102 pages. When it goes back to the vote again it's now 451 pages. I think it has been tweaked...a touch

mewbie_2

Woby_Tide wrote: »

tweaks/amendments....it started off as a 3 page bill, by the time it went to the first vote and was defeated it was 102 pages. When it goes back to the vote again it's now 451 pages. I think it has been tweaked...a touch

Sticking with the same joke, what, it's not bothered me before, but that's one helluva bill - 451 pages.

Pobby

I have a friend who is a drop out. He draws no state benefit and is fortunate to live in his own home mortgage free. He generates a bit of living cash by doing odd jobs. He does OK as he lives in a wealthy area where people throw easily repairable stuff away and he fixes it and sells it on.

His food budget is about £8 a week and he lives well. He`s a veggie and will pick up, as he says, bags of food when the market closes on Saturday night for about £3. He goes to his local supermarket and will get bread ect. at closing time for knock down prices.

I stay with him when working in the area. We have a good nut burger meal or similar and spend the evening listening to good music, guzzling down home made wine as likely or not procured from the hedgerow. In the winter an extra layer of clothes is so much healthier than central heating.

It`s a stark contrast to so many living near him. Up at 5, commute to London just to pay a huge mortgage and keep up the payments on the Beemer. I wonder who has the better quality of life?

Realy

Pobby wrote: »

I have a friend who is a drop out. He draws no state benefit and is fortunate to live in his own home mortgage free. He generates a bit of living cash by doing odd jobs. He does OK as he lives in a wealthy area where people throw easily repairable stuff away and he fixes it and sells it on.

His food budget is about £8 a week and he lives well. He`s a veggie and will pick up, as he says, bags of food when the market closes on Saturday night for about £3. He goes to his local supermarket and will get bread ect. at closing time for knock down prices.

I stay with him when working in the area. We have a good nut burger meal or similar and spend the evening listening to good music, guzzling down home made wine as likely or not procured from the hedgerow. In the winter an extra layer of clothes is so much healthier than central heating.

It`s a stark contrast to so many living near him. Up at 5, commute to London just to pay a huge mortgage and keep up the payments on the Beemer. I wonder who has the better quality of life?

i am sure he has a great quality of life but did he not have a job and a mortgage before so he could own his own house?
Is he not just retired?

Pobby

He was a computer engineer for a good number of years earning up to a grand a week back in the late 80`s, early 90`s. He bought his house for around £20k at the beginning of the 80`s. Even when the ``big`` money was rolling he was very mse so it gave him the chance to drop out.

Realy

Pobby wrote: »

He was a computer engineer for a good number of years earning up to a grand a week back in the late 80`s, early 90`s. He bought his house for around £20k at the beginning of the 80`s. Even when the ``big`` money was rolling he was very mse so it gave him the chance to drop out.

Tell you the truth I think most people would love to do that. I would if i had the chance.
(Bloody spectrums, Commodore and BBC's;) )

Pobby

Just to add. That house price. 20k just under 30 years ago. His house needs some serious updating but I guess it would hve gone for about £170 to £180k before the credit crunch. Mad figures would you not agree.

So a single person could have bought that earning £7k a year in the early 80`s. Very doable. Now that figure would have to be £50 to £60k a year, a py increase of something in the order of 800%. And people wonder why I think that the housing market is nothing more than a dreadful ponzi scheme!