This could change the cost of leaseholds

padington

And just about everything else ...

http://www.telegraph.co.uk/news/science/science-news/12017112/Worlds-first-anti-ageing-drug-could-see-humans-live-to-120.html

PasturesNew

120's OK ....if they can guarantee you'll attain that with a full set of marbles, a properly functioning bladder and all your limbs intact and working right.

For most, all it'd do is add 30-40 years of immobile misery to the end of a life.

padington

PasturesNew wrote: »

120's OK ....if they can guarantee you'll attain that with a full set of marbles, a properly functioning bladder and all your limbs intact and working right.

For most, all it'd do is add 30-40 years of immobile misery to the end of a life.

Huge consequences either way

ging84

People's life spans are entirely irrelevant to the value of leaseholds, someone at 25 is not going to view a lease hold property any differently to someone at 45 or 65
People don't buy leaseholds with the intention of letting the lease run out by the time they die, they top up the lease to protect thier asset.

Generali

PasturesNew wrote: »

120's OK ....if they can guarantee you'll attain that with a full set of marbles, a properly functioning bladder and all your limbs intact and working right.

For most, all it'd do is add 30-40 years of immobile misery to the end of a life.

The point of the drug, AIUI, is that it treats the aging itself rather than the symptoms of aging (dodgy bladder, marble loss, limb drop etc.).

If true, and given the number of times cancer and Alzheimer's have been cured I doubt it is, then it really is an amazing drug, something that increases quantity as well as quality of life.

The main economic impacts are I suspect reduced interest rates and higher asset prices as people have more time to accumulate assets and pay for them.

chucknorris

padington wrote: »

And just about everything else ...

http://www.telegraph.co.uk/news/science/science-news/12017112/Worlds-first-anti-ageing-drug-could-see-humans-live-to-120.html

Surely that wasn't the first thing you thought of.....leasehold values? I must admit the first thing that I thought of was very selfish.......is it real, could I really live longer with a good quality of life, and then about my last dog who passed away a couple of years ago, and before his 11th birthday, could it have bought him some more time.

Of course this is the economy and housing forum board, so I can understand why a potential miraculous life extending drug would be reduced to something that merely affects house prices. Sort of along those lines, my thoughts wandered onto the effect on populations around the world, isn't that going to become a major problem? If you think that we have a housing shortage now, just wait and see what happens if this drug does what it says on the tin.

padington

chucknorris wrote: »

Surely that wasn't the first thing you thought of.....leasehold values? I must admit the first thing that I thought of was very selfish.......is it real, could I really live longer with a good quality of life, and then about my last dog who passed away a couple of years ago, and before his 11th birthday, could it have bought him some more time.

Of course this is the economy and housing forum board, so I can understand why a potential miraculous life extending drug would be reduced to something that merely affects house prices. Sort of along those lines, my thoughts wandered onto the effect on populations around the world, isn't that going to become a major problem? If you think that we have a housing shortage now, just wait and see what happens if this drug does what it says on the tin.

I had to be carefull, thread police might have caused problems otherwise. As it is we can discuss happily, hopefully.

vivatifosi

As a pension fund trustee, my thought was that this would bankrupt all pension funds. We currently expect people to live about 15-20 years beyond retirement. Although mortality charts are showing an increase in age, a sudden doubling or trebling of that would be dire. It wouldn't help the wider economy either.

Leasehold are way down the list in terms of impact imo. In property I'd have thought the fact that fewer people were dying at the same time people were being born screwing up supply and demand is more important.

chucknorris

padington wrote: »

I had to be carefull, thread police might have caused problems otherwise. As it is we can discuss happily, hopefully.

Ah yes, I forgot the those mods that like moving threads.

Generali

vivatifosi wrote: »

As a pension fund trustee, my thought was that this would bankrupt all pension funds. We currently expect people to live about 15-20 years beyond retirement. Although mortality charts are showing an increase in age, a sudden doubling or trebling of that would be dire. It wouldn't help the wider economy either.

Leasehold are way down the list in terms of impact imo. In property I'd have thought the fact that fewer people were dying at the same time people were being born screwing up supply and demand is more important.

And that is why DB funds basically don't exist any longer. The sooner the public sector get rid of them the better.

How can someone claim to be fulfilling their fiduciary responsibility if they take on a bunch of open ended liabilities?

michaels

Generali wrote: »

The main economic impacts are I suspect reduced interest rates and higher asset prices as people have more time to accumulate assets and pay for them.

I knew it was all about house prices.

Technology tends to be incremental, once the door has opened for 80 to 120 who is to say it can't be pushed out much further?

How this all fits in with the AI singularity though I couldn't even speculate. UP till now I had been hoping I would be safely dead before I need to decide whether to permanantly jack in to the PS13 'Matrix' device.