How much can house prices keep rising ?

Crashy_Time

westernpromise wrote: »

We have the same interest rates in Blackburn as we do in Blackheath, yet prices in Burnley didn't go up when interest rates went down. So why would prices go down if interest rates went up?

Prices are already going down, and interest rates have not gone up yet. :rotfl: A more pressing question is - Why do you bother to post this dribble day after day?

lisyloo

Prices are already going down

Prices are up - have a look at the front page of house price crash.
ALL INDEXES are UP.


Why do you bother to post this dribble day after day?

noddynoo

US inflation up again today so likely Trumps first rate change will be upwards and we usually follow. Prices falling a bit here but mainly volumes low and nothing shifting Agents will soon need to 'advise' re reduction or they will be toast

Crashy_Time

http://www.euractiv.com/section/uk-europe/news/goldman-sachs-to-slash-london-presence-due-to-brexit/?utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter&utm_term=Autofeed#link_time=1484818448

padington

Crashy_Time wrote: »

http://www.euractiv.com/section/uk-europe/news/goldman-sachs-to-slash-london-presence-due-to-brexit/?utm_medium=Social&utm_campaign=Echobox&utm_source=Twitter&utm_term=Autofeed#link_time=1484818448

Freedom always has its price. Will it be worth it though for the extra trade deal freedoms in 20 years or more is the question.

It is possible the majority of those jobs become automated and disappear every where one day anyway.

Apparently accountants will be toast soon.

buglawton

Isn't it funny how the knowledge workers of the international software giants can be located anywhere that their employers fancy, yet the profit generating services are sold efficiently across borders. A couple of spats here and there about whether they are paying their taxes properly but location of the brain workers is not an issue.

So how come the financial services industry is making a lot of fanfare about relocating neat round numbers of workers to the EU 27?

AdrianC

buglawton wrote: »

Isn't it funny how the knowledge workers of the international software giants can be located anywhere that their employers fancy, yet the profit generating services are sold efficiently across borders. A couple of spats here and there about whether they are paying their taxes properly but location of the brain workers is not an issue.

So how come the financial services industry is making a lot of fanfare about relocating neat round numbers of workers to the EU 27?

Because financial services are regulated in a way that software development isn't.

buglawton

Profit generation <> regulation. There will be proxy offices in the EU, especially when the companies discover just how reluctant key workers are to move.

AFF8879

buglawton wrote: »

Profit generation <> regulation. There will be proxy offices in the EU, especially when the companies discover just how reluctant key workers are to move.

That's the key issue, investment bankers and other highly paid staff cannot be replaced easily, especially if they carry with them client relationships/contacts...so it's all fine and well for banks to threaten to move 1000s of jobs abroad (still a very small number compared to how many FS workers there are), but unless those roles are purely operational (in which case they are already likely to be outsourced to a cheaper location than London) then they actually have to convince staff and their families to uproot their lives...and given how much they already earn, this will be extremely costly.

What is more likely IMO is the enlargement of regional branches / legal entities with a few key staff on the ground (sales, compliance) with the hub remaining in London. And if you listen to what most bank chiefs (Dimon, Staley etc) are actually saying instead of just reading headlines, this appears to be the case.

Crashy_Time

AFF8879 wrote: »

That's the key issue, investment bankers and other highly paid staff cannot be replaced easily, especially if they carry with them client relationships/contacts...so it's all fine and well for banks to threaten to move 1000s of jobs abroad (still a very small number compared to how many FS workers there are), but unless those roles are purely operational (in which case they are already likely to be outsourced to a cheaper location than London) then they actually have to convince staff and their families to uproot their lives...and given how much they already earn, this will be extremely costly.

What is more likely IMO is the enlargement of regional branches / legal entities with a few key staff on the ground (sales, compliance) with the hub remaining in London. And if you listen to what most bank chiefs (Dimon, Staley etc) are actually saying instead of just reading headlines, this appears to be the case.

So in the internet age a client "relationship" or "contact" only has validity if the networker lives in London? Interesting......:cool: