UK Property to HALVE Between Now and July 29, 2010

bendix

lostinrates wrote: »

The young yes, and the low paid too I guess, but also lots of people in the City and its overseas equivalents. A sad number of our relatively highly paid friends (not just in UK, TBF) have become unemployed as a result.

But those type of unemployed will usually have pretty good cash reserves to fall back on, LIR, and while a pain in the butt, unemployment is not a catastrophe. Most of the professionals will be back in jobs pretty quickly.

We found out recently that three quarters of the lawyers and admin people we let go last month are working already, some of them with our clients. Many of the others are having career breaks or sunning themselves on Bali beaches.

lostinrates

bendix wrote: »

But those type of unemployed will usually have pretty good cash reserves to fall back on, LIR, and while a pain in the butt, unemployment is not a catastrophe. Most of the professionals will be back in jobs pretty quickly.

We found out recently that three quarters of the lawyers and admin people we let go last month are working already, some of them with our clients. Many of the others are having career breaks or sunning themselves on Bali beaches.

Some will, some won't. The redundancy payments will have been good for many, but the point is they were made unemployed.

One I can think of who IS in Bali, or just back, from getting married told DH he has sub £5k of his redundancy left. First from Oxford, got employed immeadiately on graduation, excellent CV, no job on horizon now. Lost his job about the time Gen decided to go to Austrailia...how long ago was that now? He's not the only one, just the only one I can time in to our virtual lives here:o

don't see the 50% falls either, but I think its wrong to leave a significant number of people, financially as well as numerically...i.e. abve avrage earners a less predictable ''victim'' group out of the discussion.

Any change to your firms Trainee deferals? Did you say it was on the agenda?

geoffky

misskool wrote: »

I've misplaced my crystal ball lately. Thanks for finding a replacement geoff

If only it was the only thing you had misplaced.....

geoffky

HAMISH_MCTAVISH wrote: »

:rotfl:

It's almost over, not about to start.:rolleyes:

....

Here is the problem with bulls.. when the evidence is starring them in the face just like before the crash they are unable to see it and being unable to see it therefore means being unable to act......
at least some of the bulls on here know the time of day and understand whats coming but do not agree on the severity. Hamish just whistles in the wilderness..

lostinrates

geoffky wrote: »

If only it was the only thing you had misplaced.....

misskool is very cool. I don't envy her role on this most tempestuous of boards and I think she desearves our support. She's been the best of the board guides and I like her.
So there

Snooze

lostinrates wrote: »

misskool is very cool. I don't envy her role on this most tempestuous of boards and I think she desearves our support. She's been the best of the board guides and I like her.
So there

If moving on-topic threads to the bar and keeping off-topic threads here makes her "the best of the board guides" then I hate to think what the 'bad' board guides are like. :eek:

Rob

geoffky

lostinrates wrote: »

misskool is very cool. I don't envy her role on this most tempestuous of boards and I think she desearves our support. She's been the best of the board guides and I like her.
So there

she might be a board guide but she is not cool one bit....i can vouch she has lost it a few times..

misskool

geoffky wrote: »

she might be a board guide but she is not cool one bit....i can vouch she has lost it a few times..

Yes, I have an opinion. Like most other people. You'll find board guides are human too

Please keep thread on topic or I will remove off topic posts. thank you

penguine

HAMISH_MCTAVISH wrote: »

The biggest legacy this crash will leave is not a generation of FTB's able to buy at lower prices... That won't happen due to credit being too tight, and deposits being too high. It will be the consolidation of property ownership in a smaller segment of the population, and the percentage of ownership decreasing for the first time in decades. LESS people will fulfill the dream of property ownership, not more. It is sad so many bears advocate policies that will reduce ownership, but there you go. Myopia at it's finest.

Ever increasing house prices, at rates far exceeding wage increases, would reduce home ownership too.

I don't think it's the "myopia" of bears that's to blame here. Banks inevitably tighten their lending criteria in a bust. They're not doing it because bears think they should, or they'd have started doing it much earlier.

dopester

HAMISH_MCTAVISH wrote: »

LESS people will fulfill the dream of property ownership, not more. It is sad so many bears advocate policies that will reduce ownership, but there you go. Myopia at it's finest.

FEWER, hpi-boy.

Less is used with things/material that cannot be counted or separated into individual parts. You can not count orange juice, sunshine, sand etc (although you can count litres of orange juice, hours of sunshine, grains of sand etc)

I would like less custard please. (Custard is not countable)
You get less jam in a smaller jar. (Jam is not countable)
There is a lot less rain in the Greek islands than in Bristol. (Rain is not countable)
Once I heard he'd MEWed to buy more properties, I had less sympathy with him. (Sympathy is not countable)

Fewer is used with discrete things that can be separated or counted. CDs, sausages, cows, people etc can be counted. By far the most common mistake is to use 'less' when 'fewer' is needed.

ISTL. "If only there were fewer people witnessing my bankruptcy hearing." (People are individual, countable things)
Chucky decided he should buy fewer houses this year. (Houses are individual, countable things)
Hamish always buys fewer rounds than the rest of us! (Rounds/drinks are individual, countable things)
Cleaver admitted he will have to take fewer holidays next year. (Holidays are individual, countable things)