Brexit, the economy and house prices (Part 3)

kabayiri

Thrugelmir wrote: »

The £ currently buys far fewer €. People that travel for economic reasons alone may well not stay for the long term. Also becoming far more expensive to live in the UK. As inflation begins to bite.

This just reflects the new class of European migrant worker. They don't have to have some pre-ordained loyalty to the UK, or indeed anywhere else.

I thought this was part of the EU dream?

FOM clearly means that is just as easy to leave as it is to arrive.

I still maintain that the EU should have created a new category of Euroworker, funded by all EU states.

Private_Church

NineDeuce wrote: »

This isnt strictly true. There are a number of reasons that can create any given economic situation. Take house prices. House prices were rocketing way before 'mass immigration'. The main reason for this is that given that people are unable to afford high deposits. In the 80s, you would have been able to get on the ladder with a couple of grand spare, now you need 5-figure sums at least.

As such, buy-to-letters can charge what they like in rent. Still, dont blame this corrupt system which only a minority of people can benefit from... just blame immigration, right? Nigel Farage said so....

You missed my point (or chose to). The point I was making wasn't about housing , I used housing as an example of what oversupply or under supply of a product or service can do to the value of that I product/service. My point was about how the over supply of labour (EU Labour) can do to wages but never mind. Wages were never going up for many people when there is a never ending supply of labour waiting to do the work for NMW.Do you honestly believe wages for the unskilled would have risen without the rise in NMW ?.Restricted supply would have increased wages.

Thrugelmir

NineDeuce wrote: »

A one-off increase, rebranded as the Living Wage. That's all. It is still way behind the IFS recommended Living Wage of £9 per hour

I'm referring to the 3% increase last year for example. When the public sector as a whole for example was receiving just 1%.

IFS is a think tank. Difference between what's nice and what's affordable.

System

Private_Church wrote: »

You missed my point (or chose to). The point I was making wasn't about housing , I used housing as an example of what oversupply or under supply of a product or service can do to the value of that I product/service. My point was about how the over supply of labour (EU Labour) can do to wages but never mind. Wages were never going up for many people when there is a never ending supply of labour waiting to do the work for NMW.Do you honestly believe wages for the unskilled would have risen without the rise in NMW ?.Restricted supply would have increased wages.

You're kidding yourself. EU labour means I can enjoy bagged salad. When the 'oversupply' goes home it doesn't mean Brits will enjoy higher wages to bag salad - it means I'll wash a lettuce myself.

Wake up. Brexit isn't a new dawn for people who left school with no qualifications.

Thrugelmir

ilovehouses wrote: »

You're kidding yourself. EU labour means I can enjoy bagged salad. When the 'oversupply' goes home it doesn't mean Brits will enjoy higher wages to bag salad - it means I'll wash a lettuce myself.

When did we become too lazy to wash and cut a lettuce?

Perhaps there'll be a food retailer that decides to set a new trend and simply sell them whole.

Thrugelmir

mayonnaise wrote: »

Another day, another good news story from the Eurozone.

For Germany perhaps. Not the wider EU though.

fatbeetle

A new report released by a lobby group based in the German finance hub found there would be an expected influx of 10,000 financial services staff over the next four years.

I know remoaners are desperate to show how much they hate the UK, but that's scraping the barrel on "good news".

cogito

ilovehouses wrote: »

Great news and even better news as sterling hits a one year low against the Euro. Let the good times roll - turnip broth and holidays in Skeggy.

Do you really think that the strength of the € is great news for the eurozone when it is already hurting Germany?

It's pushing inflation down making it harder for the ECB to hit its target which makes it harder to stop QE and impossible to raise interest rates. The ECB is in a fix.

Tromking

ilovehouses wrote: »

Wake up. Brexit isn't a new dawn for people who left school with no qualifications.

It is according to the news the other day.
It looks like they're going home to Poland etc. or perhaps choosing to live and work somewhere else in the EU.
Just as an aside, UK passport applications from EU citizens are up 80% on a year ago.

System

Thrugelmir wrote: »

When did we become too lazy to wash and cut a lettuce?

Perhaps there'll be a food retailer that decides to set a new trend and simply sell them whole.

When did we become too lazy to raise and kill a chicken?

Perhaps there'll be a retailer that decides to set a new trend and simply sell them live in cages

Continue to sidestep the point by all means,