Why don't people cheer the brilliant elements of No-Deal crash- Such as making property affordable?

David_Evans

margaretx9 wrote: »

A government led by May and Hammond yes.

One led by McDonnell and Corbyn elected by millions of remain voting young renters not so sure.

We of course forget that estimates of owner occupation are done at a household level. So an elderly lady living on her own in a four bed house counts the same as 4 young people renting the buy to let next door. Two households (50% owner occupied) - but one with four times the votes of the other (only 20% of of the combined 5 residents own).

60% of households owning their own home isn't the same as 60% of people and 60% of voters! The dynamics haven't changed yet - but as more rent and fewer own this will impact on voting and policies.

Another point about a possible Labour govt is whether this has been priced into the markets (UK equities and Sterling etc).

I read about UK utility companies being at risk of nationalisation (Gilts for equity etc). But is this a bit far fetched?

Autumn86

David_Evans wrote: »

I reckon this will be dragging on for 7 YEARS... !

I personally love it,
as in civil chaos errupts a massive increase in violence & mental-health issues (combined with lack of clinical funding to support it),
But so the end result if economic downturns and civil unrest is a massive increase in violence & mental-health in NHS hospitals,
Which means there's a surge in demand for Emergency-Response Officers like me to deal with it. :T:money::beer:

David_Evans

Autumn86 wrote: »

I personally love it,
as in civil chaos errupts a massive increase in violence & mental-health issues (combined with lack of clinical funding to support it),
But so the end result if economic downturns and civil unrest is a massive increase in violence & mental-health in NHS hospitals,
Which means there's a surge in demand for Emergency-Response Officers like me to deal with it. :T:money::beer:

If there's a lack of clinical funding - you won't be getting paid, will you?

Thrugelmir

David_Evans wrote: »

Seeing as how most the UK govt gold supply has been sold years ago - my guess would be capital controls - of some type.

The UK is a borrower, that's the bottom line. If foreign banks such as JP Morgan didn't buy up bundles of RMBS in quantity. Who is going to underpin the mortgage market for example? Let alone the foreign investors who buy gilts that enable the country to keep going on a daily basis.

David_Evans

Thrugelmir wrote: »

The UK is a borrower, that's the bottom line. If foreign banks such as JP Morgan didn't buy up bundles of RMBS in quantity. Who is going to underpin the mortgage market for example? Let alone the foreign investors who buy gilts that enable the country to keep going on a daily basis.

I think the scenario being planned for involves the investors demanding a higher return (ie lower purchase price) to hold the Gilt.

I expect if the mortgage market ran into problems, house prices would fall (eg 2008). ,

Autumn86

David_Evans wrote: »

If there's a lack of clinical funding - you won't be getting paid, will you?

We are a core function that without the NHS physically cannot operate.

RMNs/Drug n Alcohol support workers/outreach workers are all nonessential though, and so are slashed budget-wise,
Instead their responsibilities are given out to core staff.

Herzlos

Autumn86 wrote: »

I personally love it,
as in civil chaos errupts a massive increase in violence & mental-health issues (combined with lack of clinical funding to support it),
But so the end result if economic downturns and civil unrest is a massive increase in violence & mental-health in NHS hospitals,
Which means there's a surge in demand for Emergency-Response Officers like me to deal with it. :T:money::beer:

I thought you had some critical job that was needed to keep the hospital open, yet spent all day waiting on something to happen?
If you're and ERO and there's no calls, it sounds like you could easily be cut and someone else given a wider range.

Looking forward to economic disaster to ensure your job security is totally sociopathic. Have you considered becoming a Tory MP?

Or you're talking rubbish. I'm not sure what's worth.

Newnoel

Crashy_Time wrote: »

Everyone and their dog now knows that a big property price correction is firmly on the table.

Are you as sure as you were when you sold up your flat, and moved into rental in the mid-90s, thereby missing a 20 year bull run on housing??

Zxcv_Bnm

Newnoel wrote: »

Are you as sure as you were when you sold up your flat, and moved into rental in the mid-90s, thereby missing a 20 year bull run on housing??

The thing is, in the last 50, 60 years there've only been maybe 5 or 6 when you would have thought "wish I hadnt done that" the following year

Those are bad odds if you're trying to time the market, it's 10 to 1 you'll fail

And if you do buy in a 1/10 bad year it's soon past and you never book the hit

Fail to buy OTOH and you wear your loss every day

The risks of being short property versus the risk of owning it are asymmetrical - very big permanent loss vs small short lived unrealised loss

For fools or experts I'd say

lisyloo

The risks of being short property versus the risk of owning it are asymmetrical

I am now at the point in my life where my pension and property are earning more than me. Nothing special just 3 decades of saving.
It really is like a snowball and I hadn't appreciated this.
My nephew has managed his money very badly and is in debt at 30 whilst still living with his parents. He's lost a decade and I haven't the heart to tell him just how much he's screwed up, but I think he's screwed his lifetime chances of being comfortable.


I think I might have bought during one of those 5 or 6 years (1991) because prices went down until 1996/1997, but we just overpaid to reduce the risk and we probably wouldn't have been better off paying rent as that route wouldn't have bought us equity either and we had our own place that no one could kick us out of, so over the course of 30 years it hasn't affected us badly (of course there are circumstance where it might have, but I think that's a minority).