Is property in a bubble?

BikingBud

GreatApe wrote: »

End user doesn't care about the number of engines or the materials used.
They care about speed cost and comfort. Speed and comfort haven't improved much over the fifty years. Cost has improved partly thanks to engineering and partly due to competition and different business models like the budget airlines.

Further to the previous See here

Boeing 787-9 Dreamliner, which is twice as fuel-efficient as the Boeing 747.

That's engineers and technology for you mate,:j:beer::T not business plans competition:rotfl:

Absolute speed is not important but by increasing the range the journey does not get broken in Dubai or similar and you save many hours because of this.

GreatApe

BikingBud wrote: »

Further to the previous See here

That's engineers and technology for you mate,:j:beer::T not business plans competition:rotfl:

Absolute speed is not important but by increasing the range the journey does not get broken in Dubai or similar and you save many hours because of this.

If I said to you that in 60 years time we would have the same mode of transport same looking machine same speed more or less same comfort but 50% more fuel efficient you'd think wow what am amazing future or you'd think well this is disappointing I'd have hoped for more?

BikingBud

You're missing the point. There are limits and the current massive step is the energy required to get across the sound barrier. Progress is possible to increase speeds into hyper-sonic region but it is not currently commercially and therefore financially viable, as Scotty used to tell Capt Kirk frequently "You canna change the laws of physics". And Chuck Yeager also recognised "Later, I realized that the mission had to end in a let-down because the real barrier wasn't in the sky but in our knowledge and experience of supersonic flight."

You may grab figures from thin air and propose that things should improve ad-infintum, Moore only advised a progression over 10 yearly cycles as he recognised that there are limits even if we are yet to discover and understand them.

Nevertheless, dramatic progress is achievable in design and efficiency because of engineers working within the tech industries. Do you have a Ford Anglia or drive a modern car with complex protection systems? Do you have a coal fired hearth with side ovens that you apply black lead to or do you have a computer controlled oven with induction hob? Do you have wi-fi enabled tech that may control security systems or heating and hot water or do you have an open dog great that you get up to light in the morning before you can get the house warm and then get a stand up wet wash in the bathroom? All of these systems take longer to install and commission than just building a bricks and mortar house. We, engineers, thank you for your appreciation and understanding as we continue to develop more and better technology to improve your life in ways which you do not understand and likely never will!

But again back to the houses I don't think you ever responded to the query about your definition of productivity, could you see your way to providing that and also the requested figures for the housing productivity. I feel that you are skewing figures and interpreting as you see fit rather than allowing us to review, assess and make our own decisions.

AG47

Everything is a bubble, property, stocks shares bonds everything

Is there anything that is not in a bubble

Trump was right a big fat bubble

westernpromise

AG47 wrote: »

Everything is a bubble, property, stocks shares bonds everything

Is there anything that is not in a bubble

Trump was right a big fat bubble

Apart from Bitcoin, obviously, which is going to $100,000.

caronoel

Moneyweek have been screaming 'the end is nigh' for house prices since that comic first went into print 15 years ago.

The only time they predicted house prices would rise was August 2007

That's my bellwether. .. as soon as Moneyweek shouts 'Buy', I will sell up immediately

westernpromise

Isn't Moneyweek an allotrope of the Daily Mail?

AG47

Filo25 wrote: »

Rates held at 0.5% on a 7:2 vote, it will be interesting to see the comments as always.

I would imagine 2 increases to 1.0% by the end of the year is still viewed as the most likely outcome.

There is just no knowing for sure how much they will rise, or how long it will take to get back to normal,

The only thing to know for sure, is that they are going back up.

Malthusian

AG47 wrote: »

The only thing to know for sure, is that they are going back up.

That's what you were saying in June 2016, shortly before they went down.

AG47

Malthusian wrote: »

That's what you were saying in June 2016, shortly before they went down.

Quarter of a percent is hardly worth mentioning.

We are talking about IRs going back up a few % per year next few years