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Debate House Prices
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Hello housing board.
Oil_Shock
Posts: 26 Forumite
Just thought I'd introduce myself, I have a relative who frequents the Mortgage Boards on this site and she recommended I join. As I own outright and don't have a mortgage on my home, I thought it would be of no use to read that particular board but I do have an interest in economics, so I thought this would be the place.
My views are pretty controversial, although I own my home, I feel high house prices are a cancer on society in general, transfering debt from old to young at a time when the useless government that are hopefully about to be kicked out have indebted not only our children, but also their children.
Energy and the coming catastrophe that is looming on the horizon is also a subject close to my heart. I commented to family members 18 months ago that once we were scrambling out of recession petrol would go through the roof as there is no more oil to pump........ I was scoffed at of course, but as we see, it has come to pass and will only get worse.
I also warned of fake economic growth, fuelled by more cheap debt, again scoffed at, but as we see with Greece, Spain, Portugal etc.. it has come to pass, the sovereign debt crisis will only get worse from now on, with complete global economic collapse within 10-15 years, bought about by the 'perfect storm of
1) Short sighted governments.
2) Energy depletion.
3) Unsustainable debt.
Anyway, enough about me, hello all
My views are pretty controversial, although I own my home, I feel high house prices are a cancer on society in general, transfering debt from old to young at a time when the useless government that are hopefully about to be kicked out have indebted not only our children, but also their children.
Energy and the coming catastrophe that is looming on the horizon is also a subject close to my heart. I commented to family members 18 months ago that once we were scrambling out of recession petrol would go through the roof as there is no more oil to pump........ I was scoffed at of course, but as we see, it has come to pass and will only get worse.
I also warned of fake economic growth, fuelled by more cheap debt, again scoffed at, but as we see with Greece, Spain, Portugal etc.. it has come to pass, the sovereign debt crisis will only get worse from now on, with complete global economic collapse within 10-15 years, bought about by the 'perfect storm of
1) Short sighted governments.
2) Energy depletion.
3) Unsustainable debt.
Anyway, enough about me, hello all
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Comments
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Hi ad9898, been too longThis is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com0
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Just thought I'd introduce myself, I have a relative who frequents the Mortgage Boards on this site and she recommended I join. As I own outright and don't have a mortgage on my home, I thought it would be of no use to read that particular board but I do have an interest in economics, so I thought this would be the place.
My views are pretty controversial, although I own my home, I feel high house prices are a cancer on society in general, transfering debt from old to young at a time when the useless government that are hopefully about to be kicked out have indebted not only our children, but also their children.
Energy and the coming catastrophe that is looming on the horizon is also a subject close to my heart. I commented to family members 18 months ago that once we were scrambling out of recession petrol would go through the roof as there is no more oil to pump........ I was scoffed at of course, but as we see, it has come to pass and will only get worse.
I also warned of fake economic growth, fuelled by more cheap debt, again scoffed at, but as we see with Greece, Spain, Portugal etc.. it has come to pass, the sovereign debt crisis will only get worse from now on, with complete global economic collapse within 10-15 years, bought about by the 'perfect storm of
1) Short sighted governments.
2) Energy depletion.
3) Unsustainable debt.
Anyway, enough about me, hello all
Greetings
From the sounds of it, you will get on particularly very well with Asheron and Amcluescent.0 -
Just thought I'd introduce myself, I have a relative who frequents the Mortgage Boards on this site and she recommended I join. As I own outright and don't have a mortgage on my home, I thought it would be of no use to read that particular board but I do have an interest in economics, so I thought this would be the place.
My views are pretty controversial, although I own my home, I feel high house prices are a cancer on society in general, transfering debt from old to young at a time when the useless government that are hopefully about to be kicked out have indebted not only our children, but also their children.
Energy and the coming catastrophe that is looming on the horizon is also a subject close to my heart. I commented to family members 18 months ago that once we were scrambling out of recession petrol would go through the roof as there is no more oil to pump........ I was scoffed at of course, but as we see, it has come to pass and will only get worse.
I also warned of fake economic growth, fuelled by more cheap debt, again scoffed at, but as we see with Greece, Spain, Portugal etc.. it has come to pass, the sovereign debt crisis will only get worse from now on, with complete global economic collapse within 10-15 years, bought about by the 'perfect storm of
1) Short sighted governments.
2) Energy depletion.
3) Unsustainable debt.
Anyway, enough about me, hello all
Welcome to the board. You'll find plenty here that share your views, others (like me) that have some sympathies but also are sceptical and (the majority) that I suspect will think you're a crackpot.
Anyway, put your feet up and have a metaphorical cuppa. I'll pop down to Coles and get some biccies.0 -
Welcome!
What is your perspective on stockpiling baked beans?;)It's getting harder & harder to keep the government in the manner to which they have become accustomed.0 -
lemonjelly wrote: »Welcome!
What is your perspective on stockpiling baked beans?;)
My perspective is that stockpiling whiskey, and packets of crisps makes much more sence.
As long as you aren't picky about how long you are stockpiling them for:D“The ideas of debtor and creditor as to what constitutes a good time never coincide.”
― P.G. Wodehouse, Love Among the Chickens0 -
OP:
(1) UK fuel prices are high because taxation is high and oil is priced in dollars at a time when the pound sterling is weak. Were it possible for the £ to buy more in the $, then the impact of speculator frenzy wouldn't be as great.
(2) The Eurozone concept was rightly mocked by many folks long before MSE was established, and that mocking has gone on ever since: in economics as in life, there's no such thing as one-size-fits-all. (Though this pretty obvious fact has always eluded learned people like, um, politicians.)
(3) The house price bubble has yet to properly puncture and so the "cancer" to which you refer remains untreated. This is because talk of the UK recession has been confused with the reality of a UK recession: there's been a lot of the former, but not a lot of the latter.
The situation then -- as demonstrated by so many threads and posts on MSE -- is that too many appear to think UK home owners have, somehow, sailed across stormy waters and that the sea has calmed.
In exactly the same way as American "informed opinion" was expressed in the two years preceding the 1929 Wall Street Crash, so too in the UK now. The lesson seems never to have been learnt that in a tsunami, the ship of fools has less chance of survival than any other.
Welcome to MSE.0 -
lemonjelly wrote: »Welcome!
What is your perspective on stockpiling baked beans?;)
Oh don't get me wrong, I don't live in fear of what is likely to come. I live my life to the full (whatever that means), so stockpiling isn't my thing:D. What I have done however, is mentally prepare myself for what seems to be an inevitable outcome, some people may think I'm a crackpot, but barring some economic/energy miracle in the next 10-15 years I don't see it any other way.
We have already started to see the unravalling of the system, with the only option globally to reduce interest rates and encourage more debt, in some vain hope that this will work.
Considering it's what put us where we are today, this seems highly unlikely to work. Our whole economic system is based around cheap energy/transport, £2-3 per litre petrol will cause pain on a scale not seen since the war, and that of course is only the beginning, try £5-6 per litre which will bring global collapse.
Of course mankind is resourceful, but we are incapable of even feeding 6 billion people without cheap energy nevermind anything else, so unless we get a fusion breakthrough within the next 6 months, which will allow us to put in a global infrastructure within the 10-15 years........ the party I'm afraid is over.0 -
I see the abuse team have done their regular PPR sweep........“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Of course mankind is resourceful, but we are incapable of even feeding 6 billion people without cheap energy nevermind anything else, so unless we get a fusion breakthrough within the next 6 months, which will allow us to put in a global infrastructure within the 10-15 years........ the party I'm afraid is over.
You're a right barrel of laughs aren't you.0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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