MSE news: House prices rise marginally, says Land Registry

lemonjelly

chucky wrote: »

i'm seeing this as a generalisation trying to link it to mewing or even car loans.
i'm failing to see how you're linking the cost of flights becoming much cheaper and to many more destinations to property values. it's like saying that only property owners were the ones that took holidays and bought BMW's...



i don't disagree here but then i don't agree as i'm like most people that can't predict what is around the corner.

I think the assumption is that the growth in the economy as a whole came round due to a false generated sense of affluence, which in reality wasn't actually there. Pay rises etc were calculated on the basis of CPI/RPI, and accordingly we all did Ok out of it all as a result of a social view that we were onto a good thing here, good times were a'rollin'!

Trouble was, foundations were a bit on the sandy side.

I don't percieve myself as a doom-monger, however what worries me is people thinking, after 10+ years of growth, we hit a blip, & then 6 months later come out of it. Is that really it? Is that all it takes for a correction? I can't see how it is. We've built quite a structure on shakey foundations in a 10+ year period. I'm not sure that such a breif downturn undoes all the bad work developed over the 10 years. There surely must be worse to come - hence Thrugelmir senses that we'll feel more pain.

What we have experienced, is a scratch. We're due an amputation. To me, the economy is still on a life support system. To discharge now would be folly - keel over & die of a heart attack within a couple of days. There is a lot to come, and a lot to gety through. The notion this is starting to turn the corner is flawed, we've only just entered it.

We've become a society who wants it all now. Buy now pay later! We want better times now, so many people are insisting it is coming.

Unemployment will increase up to year end I fear, with those coming out of education, then seasonal jobs will end. Recruitment will freeze. Summer is turning into a wash out. Consumer spending will fall. Dark nights will draw in and we're likely to see further falls in the housing market.

I also agree that public services will need to see cutbacks, & their main cutbacks will be through reduced payment packages and less recruitment. But I also hope there will be a moment for the population - not to waste the valuable services we have, utilise them as they should be. We effectively demand much of these services, so we should also police them ourselves.

Another small aside, lots of the private sector did very well out of the boom years. It is interesting to observe them shouting for public services to be now cut back to save on their tax payments. It still fails to take into account the 2 completely different operational models needing to be employed in each sector.

I wholeheartedly agree with Generali that

Less cash sloshing around the system means lower taxes for the Government to spend. It doesn't matter how necessary something is, if you haven't got the money and can't borrow the money, you can't have it.

Over the past 60 odd years, this idea has grown up in the UK (and many other countries for that matter) that the Government can solve just about any problem if they try hard enough. I think that if anything good is going to come out of the current mess it'll be to show that Governments can't solve all our problems, that people need to take a little individual responsibility. I doubt it will happen but I can always hope.

As a nation we need to take more responsibility ourselves, for so many different things. And we need to stop blaming others for our mistakes/errors/miscalculations. Generali, we agree on this point massively.

GSXRCarlos

Dan: wrote: »

These figures are manipulated.

That's an understatement if i ever heard one :T

carolt

I like this title. It's 100% factual and unbiased.

Why can't MSE write all its 'news' items like this?