Federal Reserve: No recovery without housing market recovery

the_flying_pig

As you well know H the US economy [measured by GDP fall from peak] fared a good deal better than ours post crash, alongside much bigger house price falls.

I don't know precisely what the people you quote would like to see done to 'boost housing' but at least one [Dudley, the ex GS bloke] seems to cite low building as a big concern of his.

Please stop posting claptrap like this.

homelessskilledworker

julieq wrote: »

At last. Graham's twigged that high house prices here are due to undersupply.

MASSIVE step forwards. Now what do we think would fix that?

And then sooner we stamp on Immigration and more importantly illegal immigration the sooner we can reverse this, and that includes abuse of study visas and woman and men marrying desperate UK residents in order to get a passport.

julieq

If you marry a UK resident, how do you need an extra home exactly?

homelessskilledworker

julieq wrote: »

If you marry a UK resident, how do you need an extra home exactly?

More people more housing, it is as simple as that really, you have said it enough times yourself:doh:

ILW

julieq wrote: »

If you marry a UK resident, how do you need an extra home exactly?

Most "sham" marriages do not involve living together.

robmatic

homelessskilledworker wrote: »

More people more housing, it is as simple as that really, you have said it enough times yourself:doh:

My girlfriend is one of these foreigners you hate so much. There's little chance of us getting married if I have to buy an extra house as well as the one I've already got!

HAMISH_MCTAVISH

ILW wrote: »

A smaller but better educated, more motivated and higher paid demographic could be perfectly sustainable.

No, it can't.

A modern society with universal healthcare and social security systems only works when there's 1 pensioner for every 4 or 5 workers.

If there's 4 or 5 pensioners for every worker then society is doomed, and it makes no difference if that worker is a ditch digger or a nuclear physicist.

ILW

HAMISH_MCTAVISH wrote: »

No, it can't.

A modern society with universal healthcare and social security systems only works when there's 1 pensioner for every 4 or 5 workers.

If there's 4 or 5 pensioners for every worker then society is doomed, and it makes no difference if that worker is a ditch digger or a nuclear physicist.

A smaller population will produce fewer pensioners.

A higher paid population will not have to rely on social security systems for retirement.

I believe that currently, the sections of the population least likely to produce highly productive offspring tend to have the fewest children, whilst those that are most likely to produce low value offsping are actually encouraged. to have as many as possible.

DervProf

HAMISH_MCTAVISH wrote: »

Much like in Ireland, for large parts of the US (especially areas like Detroit) the only solution will be a Bulldozer.

1 Trick Pony.

Graham_Devon

The problem for Hamish in this thread is that the US economy seems to be at least dusting itself down now, and providing some positive results.

It's only the US currently who are doing this.