Fears: "Massive global property crash"

Crashy_Time

lisyloo wrote: »

I stayed in a travelodge my first week in London.
The big issue was having no cooking facilities (both expensive and calorific to eat out or very sad to have a pot noddle at your travelodge).
Serviced apartments are an alternative if you are there less than 5 nights, but some of them are a masterclass in miniaturisation.
Still there are a variety of options if you don't want to buy.
Air bnb is another one.

All travelodges do the 24 hour bar, the one I was in in London recently did a 24 hour menu, maybe a recent development though?

Crashy_Time

padington wrote: »

If you had been following their advice since 2010 you might be cutting your wrists now from selling property and renting to buy gold etc.

Stopped clocks are sometimes right though.

What have you been investing in out of interest and why did you follow the advice of something with such a poor proven track record of giving financial advice in the first place?

If we get a hard Brexit I have doubt for a few years we may get a correction or even a crash but once a 10% corporation tax kicks into action and a few trade deals kick in, people that held London property certainly will not be crying into their drinks.

At the same time their is a good chance nothing much will change. A soft Brexit will create a mild boom, I would have thought. Whilst boom times for the US no doubt will lift some boats over here.

The man that bets against the Woodgreen tracker © is a brave man in my book. I still wouldn't do it personally.

Boom times for the US will raise rates there, force rate rises here, and crash Woodgreen etc. Are you sure you don`t write for Moneyweek? BTW why does the editor of anything need to commute in the internet age?

padington

Crashy_Time wrote: »

Boom times for the US will raise rates there, force rate rises here, and crash Woodgreen etc. Are you sure you don`t write for Moneyweek? BTW why does the editor of anything need to commute in the internet age?

It wont affect us much according to the whole Market place ...

https://www.money.co.uk/mortgages/10-year-fixed-rate-yr

wotsthat

Crashy_Time wrote: »

BTW why does the editor of anything need to commute in the internet age?

Face time syndrome. If your face isn't at a desk you aren't working. Lots of companies suffer from it.

If a cure is found London house prices will crash as many just don't need to be there for more than a day or two each week. Same with flying for business - there's nothing quite like a face to face meeting but there's cheap technology available which could probably quarter my travel budget.

padington

wotsthat wrote: »

Face time syndrome. If your face isn't at a desk you aren't working. Lots of companies suffer from it.

If a cure is found London house prices will crash as many just don't need to be there for more than a day or two each week. Same with flying for business - there's nothing quite like a face to face meeting but there's cheap technology available which could probably quarter my travel budget.

Getting from a to b is rarely a key motivator. Sex, dating, friendships and networking tend to be far greater social motivators.

London will always hold its allure over sleepy hamlets ss long as it offers romance and good networking opportunities.

kabayiri

wotsthat wrote: »

Face time syndrome. If your face isn't at a desk you aren't working. Lots of companies suffer from it.

If a cure is found London house prices will crash as many just don't need to be there for more than a day or two each week. Same with flying for business - there's nothing quite like a face to face meeting but there's cheap technology available which could probably quarter my travel budget.

I've been in this amazing technology demo which changes your whole expectation of what VR can achieve.

The whole desk was interactive; the large screen was 4K; and there was a 3D scanner included.

It's just the price tag which was daunting!

wotsthat

padington wrote: »

Getting from a to b is rarely a key motivator. Sex, dating, friendships and networking tend to be far greater social motivators.

Last I heard even people up North were able to have friends, networks and even the occasional sex.

Obviously very different to London sex.

wotsthat

kabayiri wrote: »

I've been in this amazing technology demo which changes your whole expectation of what VR can achieve.

The whole desk was interactive; the large screen was 4K; and there was a 3D scanner included.

It's just the price tag which was daunting!

I find it difficult to persuade my boss that when someone dials my extension number it matters little whether the desk on which the 'phone is sat is 20 yards or 20 miles away. The technology to do that is peanuts.

mayonnaise

wotsthat wrote: »

Face time syndrome. If your face isn't at a desk you aren't working. Lots of companies suffer from it.

True.
We're quite up to speed with conferencing tools at the place I work...HD video, interactive whiteboards, HQ audio etc..etc..
But still, next week there's about 2 dozen sales 'leadership' jetting off to U.S. HQ.
To discuss Q1 forecast.

westernpromise

kabayiri wrote: »

I've been in this amazing technology demo which changes your whole expectation of what VR can achieve.

The whole desk was interactive; the large screen was 4K; and there was a 3D scanner included.

It's just the price tag which was daunting!

The other trouble with all these bits of IT that claim they'll make business travel obsolete is the time difference.

You cannot do an 8 hour day's work with someone in Singapore by videoconference unless you are prepared to come in at 2AM.