The sign of things to come? Amazing!

harryhound

http://www.youtube.com/watch?v=78Y7cBLJWgI&NR=1

Romani_Ite_Domum

Imagine this scenario for a second. Don't get hung up on the details, just go with it.



Due to an economic cycle and massive debt, this country goes through a recession in the next ten years. As we import most of the stuff we sell to each other, other countries in the Eastern world prosper and there is a dramatic shift of wealth from West to East.

Wealthy people from the East look for somewhere to put their money. They like to visit the UK because it has history and is different from where they live.

As the UK no longer has industry and is in major recession, it looks to tourism in order to survive.
Eastern tourists think it would be nice to buy a holiday home in the UK. After all they can afford it, it is their right.
Because of the wealth divide, very local people can actually afford to buy a house. There is already a shortage of housing but wages are low.

This investment in property continues. Uk locals for various reasons, sometimes have to sell their houses. They would like to sell to someone in the UK but the price is dictated by investment from the East. There are a few wealthy people in the UK who prosper from this investment but the majority live in poverty on low paid jobs servicing the tourist industry. Some people move permanently from the East, able to invest and work in this country.

There is discontent. People protest. The government tells us that we cannot protest as tourism is all that this country has left. We must increase this income from tourism to survive. Some people leave for another country to find work. Others would actually like to stay in the country in which they were born.

The discontent grows until there is a revolt. People Working People who cannot be housed start taking over holiday homes that are left empty.......




If you can picture this scenario, you can understand the parallels with Cornwall and many other parts of this country.


Fishing's scat, the mining's scat and the farming's scat. What is a boy to do?

wecanhelpu

Excellent analogy Rom.

People who today celebrate HPI and look down on those that can't afford to buy, could one day find themselves treated similarly by an elite band of super-wealthy buyers looking down on them.

Ad

wecanhelpu wrote: »

Excellent analogy Rom.

People who today celebrate HPI and look down on those that can't afford to buy, could one day find themselves treated similarly by an elite band of super-wealthy buyers looking down on them.

The cycle now seems to be turning. The early symptoms in the US are now a full blown crash House prices have now dropped the most in 16 years. We won't escape and because of our debt ridden 'miracle economy' it will be far worse.

The balance will be restored. People just need to open their eyes and see things for what they really are its not difficult.

Poppy9

Ad wrote: »

The cycle now seems to be turning. The early symptoms in the US are now a full blown crash House prices have now dropped the most in 16 years. We won't escape and because of our debt ridden 'miracle economy' it will be far worse.

The balance will be restored. People just need to open their eyes and see things for what they really are its not difficult.

There are always going to be property booms and crashes. I remember the last time the market crashed in the 90's as it enabled me to move. Yes my house was worth £15k less than at the peak but the house I bought was worth £20k less. I had a few friends in negative equity to the tune of 15-20k but apart from one they just sat tight and house prices have more than risen now to cover this.