Is property in a bubble?

padington

Thrugelmir wrote: »

Debt is debt. Whatever form it takes. Debt is funded by the willingness of overseas investors to lend.

One mans debt is another mans credit, hence the importance to know who's debt we are talking about. If we have more plumbers, plumbing costs less in the Uk so we become more competitive, attract more businesses who appreciate paying less than £100 an hour for someone that knows about pipes and the government makes more tax ( because more tax paying workers and businesses) , pays off more debt and can afford more money to spend on public services to cover new worker costs and make a profit for the public purse.

This in turn makes the old plumbers have to upskill amd consider bio engineering or something else which in turn increases human knowledge.

Just paying old plumbers £100 an hour forever gets us no where fast and it doesn't doesn't help pay off national debt ( or anyone's else's debt who uses £100 an plumbers ).

cells

Thrugelmir wrote: »

Falling productivity levels are already posing a conundrum. While numbers in work increase.

a big part of the 'falling productivity' is the crash in oil gas and coal output over the decade and now the price too.

Thrugelmir

cells wrote: »

a big part of the 'falling productivity' is the crash in oil gas and coal output over the decade and now the price too.

A little more complex than that. ONS are able to delve down into sectors. As receive a lot of detailed information. One of the annual returns I used to complete ran to 55 pages of questions.

cells

Thrugelmir wrote: »

A little more complex than that. ONS are able to delve down into sectors. As receive a lot of detailed information. One of the annual returns I used to complete ran to 55 pages of questions.

a member of the BOE did a good report on the productivity puzzle and one of the reasons cited was the decline in the petroleum industry. another was the increase in very low pay jobs like teaching assistants. people who get a job like that rather than look elsewhere tend to stick with it and just lower their consumption to match their income

AG47

Thrugelmir wrote: »

Falling productivity levels are already posing a conundrum. While numbers in work increase.

This will continue

chucknorris

AG47 wrote: »

This will continue

How has your financial awareness rewarded you, so far, are you in a great financial position, from acting upon years of sound financial reasoning and decision making?

lisyloo

chucknorris wrote: »

No, that's not correct, I pay NI because it is not an option not to. That said though, I may start paying for private medical care, but that is because I have recently been fed up having to wait for ultrasound scans, physiotherapy sessions and MRI's on the NH.

Off topic but I am suprised someone of your means is waiting for relatively inexpensive tests/treatment especially for physio when by the time you get it, it's often too late.
Many of my well-off circle pay for private tests (which is often the slow part) and then go back on the NHS if they get a diagnosis. They say that once you have a diagnosis the NHS is pretty responsive which makes sense as there will be a larger number of people going for tests than getting a positive diagnosis. This also extends to people who are not so well-off but a bit desperate with their condition.

chucknorris

lisyloo wrote: »

Off topic but I am suprised someone of your means is waiting for relatively inexpensive tests/treatment especially for physio when by the time you get it, it's often too late.
Many of my well-off circle pay for private tests (which is often the slow part) and then go back on the NHS if they get a diagnosis. They say that once you have a diagnosis the NHS is pretty responsive which makes sense as there will be a larger number of people going for tests than getting a positive diagnosis. This also extends to people who are not so well-off but a bit desperate with their condition.

The physiotherapist that treated me recently said to me that she found it very frustrating that by the time that her patients had been referred to her, their conditions had either much worsened or had recovered naturally.

CLAPTON

chucknorris wrote: »

The physiotherapist that treated me recently said to me that she found it very frustrating that by the time that her patients had been referred to her, their conditions had either much worsened or had recovered naturally.

that sounds a good result to me

lisyloo

CLAPTON wrote: »

that sounds a good result to me

Not if it involves preventable pain, time-off work or longer term issues like troublesome scar tissue.