30% fall in property if no deal brexit

Thrugelmir

enthusiasticsaver wrote: »

UBS is moving 36 billion out of the UK to Germany as we speak along with many of their London staff. Brexiteers still think this is good for the UK?

UBS like most of the major banks is cutting costs. Brexit is a usefull smokescreen with which to cut overall headcount.

Technology is reducing the need for people. In 2017 estimates put the reduction at UBS in the region of 30% of it's global workforce in the years to come.

David_Evans

Firstly, you need to decide what you are measuring house prices in.
Houses are a commodity. They are usually measured in GBP, but the BoE could easily start up the QE digital printing press any time...

Secondly, there is no 'UK' house price.

Personally, I think only GBP currency devaluation will now keep the 'average' UK house price higher (in fiat terms).

EU migration to the UK is slowing. The post 2004 accession surge is over.

Much of the real money (gold) is shifting East - towards China and Russia.

Western Europe is probably just going to stagnate economically - over the next 20 years.

Followed by the USA over the next 40 years etc.

MobileSaver

Thrugelmir wrote: »

Brexit is a usefull smokescreen with which to cut overall headcount.

You and your Leaver cronies are in complete denial; despite overwhelming evidence you simply cannot admit that anything bad could come of Brexit.

Thrugelmir wrote: »

Technology is reducing the need for people.

No it's not. "Glass half empty" people like yourself have been saying that for hundreds of years and yet the UK's unemployment rate is at a 40 year low.

What technology does is change the work that people do but in doing so it invariably creates new businesses and a greater number of opportunities.

David_Evans

MobileSaver wrote: »

You and your Leaver cronies are in complete denial; despite overwhelming evidence you simply cannot admit that anything bad could come of Brexit.



No it's not. "Glass half empty" people like yourself have been saying that for hundreds of years and yet the UK's unemployment rate is at a 40 year low.

What technology does is change the work that people do but in doing so it invariably creates new businesses and a greater number of opportunities.

Paul Mason talks about this. He thinks robots will take jobs, but then he also talks about how robotic car wash machines have been abandoned in favour of human car washers, due to an increased supply of labour. So whilst he seems to contradict himself, his car wash example is definitely true because I've seen this happen myself.

lisyloo

he also talks about how robotic car wash machines have been abandoned in favour of human car washers

and baristas in preference to coffee machines, "handmade" food in preference to ready meals.
We'll have to see but there are a lot of things at the moment that robots don't do very well.

David_Evans

lisyloo wrote: »

and baristas in preference to coffee machines, "handmade" food in preference to ready meals.
We'll have to see but there are a lot of things at the moment that robots don't do very well.

The other factor is 'Planned Obsolescence'.
eg a new iPhone must become degraded (in software terms) over time. Otherwise people would not buy a new one.
If robots are mainly hardware, then the manufacturer must retain control over the software - because that ties in the customer. Otherwise it's like selling a spade. ie you won't go back and buy a new spade each year.

Autumn86

Jonbvn wrote: »

I wouldn't get out of bed for that money.:p

But you do begrudgingly still get out of bed every 2-weeks to go to your local job centre and sign-on to claim your dole payments... :T:money:

margaretx9

I see the Halifax house price index was out today for January. Prices rose at the fastest rate for two years in December - 2.2% - but fell in January - by 2.9% - according to them. But look at the take in the press.

https://www.theguardian.com/money/2019/jan/08/uk-house-prices-rise-halifax-brexit

https://www.theguardian.com/money/2019/feb/07/uk-house-prices-fall-in-january-as-brexit-puts-off-buyers

'House prices in the UK fell 2.9% in January from December and the annual growth rate slowed sharply as Brexit fears put off buyers, according to Halifax, one of Britain’s biggest mortgage lenders.'

'UK house prices unexpectedly rose at the fastest monthly rate in almost two years in December, according to Halifax, despite warnings over the potential impact of Brexit '

Poor Brexit - when house prices go up its inspite of Brexit but when they fall its because of Brexit! Hilarious!

David_Evans

Are those figures referring to Chelsea or Barnsley?

The-Joker

PokerPlayer111 wrote: »

do you have any logic why? @The-Joker

It's logical that the EU are so over debted that soon they can no longer even pay the interest