If we vote for Brexit what happens

gadgetmind

CLAPTON wrote: »

anyone who doesn't understand the relationsuip betwen age and 'education level' is indeed a sad casetoo.

Woo, typos, galore, but I think I know what you mean. Please explain this relationship, in context, and with references. Thanks.

CLAPTON

gadgetmind wrote: »

Woo, typos, galore, but I think I know what you mean. Please explain this relationship, in context, and with references. Thanks.

it's obvious to anyone with a few brain cells.
and being embarrassed about mayo thanking you, doesn't require any brain cells at all

System

It's the Government intentions to keep house prices high, they knew about the housing crisis for the last decade. They have done nothing to correct it, they just inflated it by reduced house building, HtB etc.

You have to look at the money markets directly to find out how indirectly they affect the housing market.

Properties are good wealth creating assets.

AnotherJoe

mrlegend123 wrote: »

I understand that most home owners want their house to go up in value - its nature.

Maybe they do. I'd be happy if mine halved* because then I could buy a better one for less of a differential, plus it would help my kids out. Not going to happen though.

*Disclosure. I don't have a mortgage. I might have a different feeling if that would put me in negative equity unless you could "port" that as well.

System

As a public worker, my salary is capped at 1% payrise each year.

Is it the Government intentions to ensure that keyworkers can never be able to afford a house?

ukcarper

mrlegend123 wrote: »

I understand that most home owners want their house to go up in value - its nature. Someday the housing market will correct (not crash) indirectly caused by the next financial crisis. There are 6 times the amount of unproductive debt kicking about globally than there was 7 years ago. It does not take a genius to understand that it will come home to roost one day. Remember debt is only destroyed on completion of repayment.

Money is created from increasing house prices and debts.

I think you will find home owners are not as concerned about the value of their property as you and Crashy seem to think.

How much of that debt is mortgage debt and how much is other debt car loans credit cards etc.

ukcarper

mrlegend123 wrote: »

As a public worker, my salary is capped at 1% payrise each year.

Is it the Government intentions to ensure that keyworkers can never be able to afford a house?

If you are a public sector worker you are probably on a national pay scale and someone on your pay would not be priced out in other areas.

gadgetmind

CLAPTON wrote: »

it's obvious to anyone with a few brain cells.

I'm sure it is, but please humour us by explaining and referencing. Surely it's worth a few well-considered paragraphs rather than the current arm waving?

and being embarrassed about mayo thanking you, doesn't require any brain cells at all

I have zero control over who does or doesn't thank me. This feeds into my emotional response.

buglawton

mrlegend123 wrote: »

It's the Government intentions to keep house prices high, they knew about the housing crisis for the last decade. They done nothing to correct it, they just inflated it by reduced house building, HtB etc.

You have to look at the money markets directly to find out how indirectly they affect the housing market.

Properties are good wealth creating assets.

I also think there's a conspiracy to keep house prices high, while ministers bleat they're making housing more affordable.

Great You & Yours phone-in today concentrating on exactly this topic:
http://www.bbc.co.uk/programmes/b07m4cw2#play
Tenants, landlords, real world creative solutions, quite a packed episode.

Very telling was the Manchester multi owner landlord saying he picks up 2 bed terraces for under £80k to let, they're on the tram route to city centre, and young professionals don't seem to be interested in buying them.

TrickyTree83

gadgetmind wrote: »

I managed to sell a company in October 2001 (yes!) so know how stressful it is to hold together such big deals when sentiment and the economy are heavily against you. Well done.



Nor perhaps about all the random customisations and extensions, or the silly deadlines.



If you took me back 10 years, the same would be true of my team. We now rely on a global workforce as too few good engineers are available in the UK and demand is *heavy* to say the least.

Oh I doubt I'll ever be told about the details of the deal, perhaps not even major details, just that we've got investment. I'm a grunt at the end of the day.