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Debate House Prices
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House prices could fall by 25% amid new lending rules
Comments
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No – I think that everyone in the UK but the very wealthy, who have the dosh to protect themselves, will be very much less wealth off.
A wealth transfer from West to East does appear to be happening although I think the jury is still out on whether the end result will be a positive, negative or neutral for Western workers i.e. the same pie divided by more people or a much bigger pie divided among more people.'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 Thatcher0 -
A wealth transfer from West to East does appear to be happening although I think the jury is still out on whether the end result will be a positive, negative or neutral for Western workers i.e. the same pie divided by more people or a much bigger pie divided among more people.
Don't you think it has already happened for many industries, and that it can only get worse? What is going to persuade the owners of companies (who are interested mostly in lining their own pockets) not to hire labour from places where it is much, much cheaper?
There's a very interesting interview with Sir James Goldsmith from the mid-1990s. Amazingly, he argued passionately against globalization at that time for precisely the above reasons. Everything he warned against is coming to pass.0 -
Don't you think it has already happened for many industries, and that it can only get worse? What is going to persuade the owners of companies (who are interested mostly in lining their own pockets) not to hire labour from places where it is much, much cheaper?
There's a very interesting interview with Sir James Goldsmith from the mid-1990s. Amazingly, he argued passionately against globalization at that time for precisely the above reasons. Everything he warned against is coming to pass.
When it is no longer that much cheaper e.g. Eastern wages have equalised with the west, we have already seen recent rumblings in China, or the economics do not add up e.g peak oil and increased distribution costs.'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 Thatcher0 -
A wealth transfer from West to East does appear to be happening although I think the jury is still out on whether the end result will be a positive, negative or neutral for Western workers i.e. the same pie divided by more people or a much bigger pie divided among more people.
But the property bubble is in he East as well as the West, looks like real estate is crashing all over the world starting in the USA.0 -
i think house prices are going to crash big time, this time next year you will be able to buy a four bed roomed detached house in sandbanks for 49 pence...................:cool:;):rotfl:0
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Still reckon 20-30% is easily on the cards.Wait and see!0
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Housebear51 wrote: »But the property bubble is in he East as well as the West, looks like real estate is crashing all over the world starting in the USA.
Not sure what the relevance of that post is in response to my futuristic answer?'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 Thatcher0 -
Still reckon 20-30% is easily on the cards.Wait and see!
Like your spirit
even though you have just bought, oh sorry forgot you already achieved a 40% discount. '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 Thatcher0 -
Great thread.0
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