How much can house prices keep rising ?

westernpromise

GreatApe wrote: »

probably pre internet days meant finance was more regional

There are regional fimance centres, sure. New York is the Americas', London is Europe's and Hong Kong or Tokyo or Singapore would be Asia's.

You only need one and nowhere in Europe comes close to London. Everyone learns English as their first foreign language so if you're going to get by anywhere it's here. Of course this also draws in less welcome migrants but on balance I'd rather live in a place everyone wants to live in than one everyone wants to leave.

Crashy_Time

GreatApe wrote: »

probably pre internet days meant finance was more regional

How have they survived the last 20 years?

Crashy_Time

GreatApe wrote: »

people are loath to move, a company director with three kids studying in London is hardly going to want to move his 8, 12 and 15 year old to Germany and totally mess up their education in the process. He will do a lot to not move the company.

Even if it happens it wont be fast.

I would be more worried by the pace of software development. That is likely to disrupt many more jobs much more quickly in a very wide area of industry. Good news is London seems to be only second to silicon valley in tech. Should we do a crashy special smiley here? :rotfl:

Company is controlled by shareholders, tax implications, profit, not directors kids. If he doesn`t adapt he is toast. :T

GreatApe

Crashy_Time wrote: »

Company is controlled by shareholders, tax implications, profit, not directors kids. If he doesn`t adapt he is toast. :T

Of course he isn't going to write in the annual report....sorry we are not moving to a more efficient country for our business as my wife and kids don't want to move. He is going to write that things are greener on this side of the fence despite brexit

And as I said and you ignored. Brexit will be a sideshow compared to the advanced AI software just around the corner as computers finally start to actually understand problems rather than do simple math. That's much more likely to impact finance and banking and the very large number of professions in London. For instance I can see software replacing accountants and even some solicitors within 10-15 years or at least making solicitors 10x more productive meaning 90% of them will lose their job. In the same way a team of architects working for months has been replaced by a couple of aechetects working for a few weeks with the help of computer aided design. Indirect software will also impact the professions eg imagine self drive cars that have 1/10th as many accidents. That's 1/10th as many insurance claims to handle and 1/10th as many solicitors dealing with fake whiplash claims etc. So although self drive software does not make insurance companies more productive it still reduces their need by 90%

The bad news is London professions are going to suffer big time the good news is London is a big tech player. Which will be the bigger impact is yet not clear.

Personally I think the future looks very bright indeeed

Dakota_Deville

Me and my partner have been saving up and been thinking that this can't go on, that is prices rising but in Dartford they have rocketed last 12 months, so don't know. I suspect interest rates will rise and this may slow down or trun prices I hope.