Disaster for Britain as housing becomes more affordable

adr0ck

geoffky wrote: »

The bloody greedy would just put up their prices as they have done in Australia when the gov gave them money...

then the bloody greedy wouldn't sell their homes

its a buyers market not a sellers

luvpump

geoffky wrote: »

Has anyone seen a headline like this yet? petrol prices up is also good new isn't it? cost of living soaring welcomed? so why are falling houseprices seen by some seen as bad news when it should be a time of rejoice...

Becasue the U.K Economy was largely based on Rising Property to fund the Spending Binge that kept the whole thing moving forward, Once this Gigantic pyramid scheme collapsed, which it is in the process of doing ... The Corner stone of Clowns Economy was shown up to be the Flawed Experiment it was,...A Mirage based on unsustainable debt

Mary_Hartnell

Really2 wrote: »

1) It is a median price of a apartment in a financial center. It is still 20X the average wage for that city so people have to save more for longer to get a property.(the jist is chinas property prices compared to earnings is massivly inflated)

2) Because when you add the total rural savings and urban savings and averaged that out it would make the average chinese person saving 50% of their salary.
You could take from that there is a lot of people earning a lot lower than the average wage so that distorts the amount they have saved as an average ( A majority would not save 25% but the higher paid skew the average)

3) ? I don't know what you are on about on that one sorry.

3) Et tu Brute, perhaps it is some sort of car salesman's "back slang" ?
Would you buy a Honda Jazz from this man?::D

mr.broderick wrote: »

gap,ppp,superguard,10%flat

1) Good point there can be a huge difference between the mean, the mode & the median. If china is becoming a typical case of the 80/20 rule then over 80% of the population could be earning less than the "average".
I seem to remember something on the TV about young women in electronics factories getting 50 pounds a month and the skilled workers getting 100 pounds a month and I think that probably meant a 6 day week and inclusive of meeting the target bonus level. Happy smiling faces though.
Perhaps the people who grab a flat can finance it be doing er "rent a room" for the the next wave of immigrants from the countryside. Bit like the Indian sub continent migrants in the UK?
Did you see the film about Slough where everyone seemed to have a polish family living in their garage and another in caravan. Slough was measuring the tonnage of bin waste and the sewage gallonage to prove the census figures were rubbish.
Same problem in the Chinese cities perhaps?

2) Perhaps the 50% figure is as you say. The urban businesses were (not now:eek: )indeed making and reinvesting 50% on the back of sweated labour, and their accounting system might be different from ours in that company profits are attributed to the owners regardless of the dividend payment situation.

Finally Santander has been publishing this list (rounded by me) of bank market capitalisation values to "prove" how big and solid they are:
(as at 31/01/09)
Pounds billions
123 Ind & comm Bank of China
81 China construction bank
69 Bank of China
66 HSBC
66 J P Morgan Chase
55 Wells Fargo
46 Mitsubishi
45 Santander
Need I go on? There are no UK banks in the top 15.
Where do we think the money has gone?
I wonder what that says for the future of GB Ltd?

dopester wrote: »

Oops. HSBC are. I saw the Chief Exec interviewed 3 months ago, saying it was their duty to examine domicile every 2 or 3 years.
Currently they still are a British bank.