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Debate House Prices


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Disaster for Britain as housing becomes more affordable

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Comments

  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Really2 wrote: »
    Wookster this is not a dig but why do you live in the UK?
    If every othe country is in a better shape why would you not be consentrating on getting out rarther than posting stuff on here?

    The Whinging Zim.
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • harrup
    harrup Posts: 511 Forumite
    Wookster wrote: »
    Lets see where we are in the UK:
    - 2M unemployed and rising
    - 40,000 repossession in 2008, 75,000 predicted for 2009
    - Billions pumped into 5 UK banks
    - Tax payer to underwrite billions more, how much will be paid out? No one knows

    How does this qualify as wealth creation or an increase of living standards?


    Gawd....some people. Soooooo pernickity!

    ;)
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    StevieJ wrote: »
    That is some bubble :eek: Can we have a graph :D

    That would make the UK average house £16,200,000 (ish give or take the odd million)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    StevieJ wrote: »
    If the funds were from the far east how come US and European banks have been landed with these dodgy CDO's :confused: Whereas the far east seem to be in the clear.

    The far east is not immune
    Hong Kong is still sitting on 488 billion dollars (63 billion US) in fiscal reserves, which many analysts had expected Tsang to use to stimulate the economy, but he resisted, instead focusing on job creation and salary tax cuts.

    The job situation in Singapore looked increasingly bleak, with a study by local bank DBS showing that up to 99,000 jobs could be lost in the city-state before the crisis is over due to decreased demand for exports.

    Taiwan, which is also dependent on foreign demand for its goods, saw exports plunge 41.67 percent to 17.68 billion US dollars in January, the biggest fall since 1984. Industrial output fell a record 43.11 percent in January from a year earlier, the government said Tuesday.

    And in Indonesia, Southeast Asia's largest economy, parliament approved a six-billion-US-dollar stimulus package of tax incentives, government spending and subsidies to stave off further fallout from the global crisis.
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Look carefully at the graph published in the article you placed a link to. It clearly states National Savings rates.

    Unsure what relevance the fact that the Chinese can't afford to buy an apartment has to my comments.
    :rotfl:

    They have to save so hard to be able to buy anything.

    600 X you salary for an apartment and a 30% deposit needed (just 180X your wage) and you can't see the relevence.

    Nice try but it is very obvious why they have to save so much and my link proves it.
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Really2 wrote: »
    :rotfl:

    They have to save so hard to be able to buy anything.

    600 X you salary for an apartment and a 30% deposit needed (just 180X your wage) and you can't see the relevence.

    Nice try but it is very obvious why they have to save so much and my link proves it.

    Think you misreading this post then. As I've made no comment at all on Chinese house prices or the ability to buy an apartment. :rolleyes:

    You made this statement which you own link proves is factually incorrect.
    Originally Posted by Really2 viewpost.gif
    The average chinese person does not get paid enough to live never mind save.

    Less haste more sense. :beer:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    Think you misreading this post then. As I've made no comment at all on Chinese house prices or the ability to buy an apartment. :rolleyes:

    You made this statement which you own link proves is factually incorrect.



    Less haste more sense. :beer:
    Given that the average person needs to save to buy virtualy anything and their standard of living is so poor and they have no pension system (so they have to save for retirement)

    Also add to that 10% of people in "absolute" poverty
    Also like the UK the majority would not earn the "average wage"

    It would be fairly safe to say that the average Chinese worker does not save the "chinese average":confused:
  • Really2
    Really2 Posts: 12,397 Forumite
    10,000 Posts Combo Breaker
    Wookster wrote: »
    Easy for the intellectually blessed to say that but hard for the intellectually challenged (really2) to be it ;)

    Right then I want the mods to get rid of this @ss as this is yet another blatant stab at my dyslexia.
  • StevieJ
    StevieJ Posts: 20,174 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    Thrugelmir wrote: »
    The far east is not immune

    Nothing to do with lending money though, other than a secondary spin off i.e. their customers have been caught in the credit crunch :confused:
    'Just think for a moment what a prospect that is. A single market without barriers visible or invisible giving you direct and unhindered access to the purchasing power of over 300 million of the worlds wealthiest and most prosperous people' Margaret Thatcher
  • mr.broderick
    mr.broderick Posts: 3,778 Forumite
    1,000 Posts Combo Breaker
    Wookster wrote: »
    Easy for the intellectually blessed to say that but hard for the intellectually challenged (really2) to be it ;)

    You p.rick wookster.
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