Debate House Prices


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Brexit the economy and house prices part 7: Brexit Harder

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Comments

  • sevenhills
    sevenhills Posts: 5,938 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    RyanEzio wrote: »
    Why are people still moaning about Brexit? The result was in 2016, a confirmation vote was done in Decemeber 2019. It's done, move on!


    Just waiting for this inclusive Brexit party/bash on the 31st, the tickets in my area cost £5, not very inclusive.
    The venue is secret, TBC so not sure where it will be held.
  • goral
    goral Posts: 78 Forumite
    When the substantive arguments are over, insulting the adversary begins.

    Thrugelmir
    If you support brexit same way as you are detective... then you should rethink your position.
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Fran_Klee wrote: »
    "On fire" :rotfl:
    Do you not understand figures very well?
    Quite apart from the fact that Latvian prices have recently been falling, I'd like to see you try and buy an apartment in Luxembourg for €20k like you can easily in Latvia.
    Tell us please if 13.5% of that sum is equivalent in Euros to the 11% increase of a Luxembourg apartment?
    :D

    https://www.meretdemeures.com/en/detail/apartment-for-sale-in-liepaja-liepaja-latvia/104081/

    https://www.meretdemeures.com/en/detail/house-for-sale-in-riga-riga-latvia/181092/
    The Riga link is to a building 12km outside Riga with spec:
    Useful area (m²): 44.00
    Rooms: 2
    Floor: 1
    ...and only the sauna and garage are so far built?

    More realistically, actually in the city of Riga:
    https://tranio.com/latvia/adt/1671060/?sc=rlgk7ax9
    125 sq m apartment at 325,000 Euros.

    Similar price in many equivalently sized EU cities
    Riga prices really are stratospheric compared to local salary levels.
  • buglawton
    buglawton Posts: 9,246 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    gfplux wrote: »
    You are correct.
    There’s none so blind as those that will not listen.

    When people think there is only an up side and no negatives to a decision they will not even recognise the fall.
    Isn't that exactly what 48% of the Referendum voters were thinking?
  • phillw
    phillw Posts: 5,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    edited 18 January 2020 at 6:27PM
    Fran_Klee wrote: »
    There is no hole.
    Accept that - I provided proof; we already have our own statutory bodies.
    The EU bodies are, as is so often the case with anything EU-related, duplications.

    UK statutory bodies downsized because they defer to the EU on everything, so they will require more money so that eton boys can go work there for loads of money.

    The government is now telling business to go f*ck themselves, the people have spoken and want higher cost of living & worse working conditions.

    The EU is not perfect, nothing is. What we've got coming up is far far worse. I'd settle for Blair again and I never once voted for him.
  • Herzlos
    Herzlos Posts: 15,918 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Our agency will also get to spend an extra fortune visiting the EU agency that used to be local.
    The local economy will also be suffering a huge loss in business visitors who were paying for hotels and food and shopping. They still are, but in the EU.
  • Fran_Klee
    Fran_Klee Posts: 409 Forumite
    100 Posts Name Dropper
    edited 18 January 2020 at 7:13PM
    buglawton wrote: »
    The Riga link is to a building 12km outside Riga with spec:
    Useful area (m²): 44.00
    Rooms: 2
    Floor: 1
    ...and only the sauna and garage are so far built?

    More realistically, actually in the city of Riga:
    https://tranio.com/latvia/adt/1671060/?sc=rlgk7ax9
    125 sq m apartment at 325,000 Euros.

    Similar price in many equivalently sized EU cities
    Riga prices really are stratospheric compared to local salary levels.

    Yes I knew the spec - could you buy a 1440msq plot in Luxembourg for that though?
    You can't buy a car parking space in Luxembourg for that money.
    And Riga ( as you suggest) is equivalent to London.
    Most housing is not in Riga.
  • Fran_Klee
    Fran_Klee Posts: 409 Forumite
    100 Posts Name Dropper
    Herzlos wrote: »
    Our agency will also get to spend an extra fortune visiting the EU agency that used to be local.
    You're not good @ technology?
    Visits in person are not often necessary nowadays you know.
    There is not very often the need.
    Herzlos wrote: »
    The local economy will also be suffering a huge loss in business visitors who were paying for hotels and food and shopping. They still are, but in the EU.
    Oh is the building empty then?
    Ah no ....... the EMA lost it's court case & had to carry on paying so it sub-let.
    And of course WeWork EMEA won't have business visitors, especially ones who so obviously made up so much of Canary Wharf's contribution to hotels & food shopping.
  • Herzlos
    Herzlos Posts: 15,918 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    Fran_Klee wrote: »
    You're not good @ technology?
    Visits in person are not often necessary nowadays you know.
    There is not very often the need.


    Oh is the building empty then?
    Ah no ....... the EMA lost it's court case & had to carry on paying so it sub-let.
    And of course WeWork EMEA won't have business visitors, especially ones who so obviously made up so much of Canary Wharf's contribution to hotels & food shopping.

    WeWork is a flexible office space business? It'll have some business visitor traffic though I'm assuming it mostly hosts startups (since most post-incubation enterprises will expand into their own properties), but I doubt it'll make up for the EMA visitors.
    I ran the numbers when the EMA announced the move and I'm sure I conservatively estimated the visitor traffic alone was worth at least £4m/year in hotels and dinner.
  • triathlon
    triathlon Posts: 969 Forumite
    500 Posts Second Anniversary
    This is not a complaint about Brexit, I fully understand and accept that it will now happen. Yesterday though I gave my regular Polish builder that I have now used for over 10 years a call to do a load of work for me come Spring(ish). He is the most straightest, honest and intelligent builder I have ever used, he has built up such a good reputation that he was taking on some of the best work in the Cambridge area.

    He normally has between 15 and 20 men working for him, all of them doing between 3-4 month stints in the UK and then returning back home to Poland for several weeks break and then back to the UK again, all staying at Reg's rental properties(obviously not his real name).

    He has told me there is no way this year he can get out to me, and this is a guy who never lets you down, He now has 4 guys in the UK with 2 that "might" be returning to the UK in March, but of the 4 guys left they are unsure what to do this year.

    These builders were the best I have ever had by far, all are going to be lost and leaving me in the position where I will be forced to go back to the self entitled clowns I had been using where they think the job is all about them as they go home at 2 Pm some days and far worse.

    OK, rant over, whatever is going to happen is going to happen, but I have said my bit and you can bet that what is happening to me is happening all over the UK, a mass shooting in our own foot.
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