Debate House Prices


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Panic buying come end of the month?

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  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    I think all this talk of food shortages is a load of old tosh.

    It assumes that just because the UK leaves the EU, then border controls need to be enforced. But that's not true. The UK govt could just tell the ''Border Force'' to wave all the lorries through without checking anything.
    Likewise the French could do the same.

    IMO there will be a surplus as supermarkets have probably already been stockpiling certain goods? Look for clearance sale prices in the coming months.
  • 51mm5
    51mm5 Posts: 177 Forumite
    Ninth Anniversary 100 Posts Combo Breaker
    Food price crash? Given up property prices?
  • AG47
    AG47 Posts: 1,618 Forumite
    IMO there will be a surplus as supermarkets have probably already been stockpiling certain goods? Look for clearance sale prices in the coming months.

    This thread should be renamed, panic buying at the end of the extension period

    When ever that may eventually be
    Nothing has been fixed since 2008, it was just pushed into the future
  • Herzlos
    Herzlos Posts: 15,917 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    I think all this talk of food shortages is a load of old tosh.

    It assumes that just because the UK leaves the EU, then border controls need to be enforced. But that's not true. The UK govt could just tell the ''Border Force'' to wave all the lorries through without checking anything.
    Likewise the French could do the same.


    World Trade Organisation rules mean they can't do that, though. Most Favoured Nation means that with no trade deal, you need to treat everyone the same. No checking for EU goods means no checking for Cambodian goods.
  • lisyloo
    lisyloo Posts: 30,077 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    This thread should come to an end.
    We’ve all have so much notice to prepare that anyone that wanted to stock up has, so there’s not going to be a panic.

    I haven’t done any stocking up.
  • movilogo
    movilogo Posts: 3,235 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    The World Trade Organisation (WTO) has said that there is nothing in its rules that would force either the EU or UK to erect a hard Irish border after Brexit.


    https://www.irishtimes.com/news/ireland/irish-news/wto-says-its-rules-would-not-force-eu-or-uk-to-erect-hard-irish-border-1.3710136
    Happiness is buying an item and then not checking its price after a month to discover it was reduced further.
  • phillw
    phillw Posts: 5,665 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    IMO there will be a surplus as supermarkets have probably already been stockpiling certain goods? Look for clearance sale prices in the coming months.

    My understanding is the super market stock piles are in the order of a few weeks.

    They can rotate the stock all the time they need to maintain the stockpile, if they want to reduce it then they just reduce their incoming orders.

    Their biggest problem would be if society collapses enough that we stop buying things, but there isn't much you can do to plan for that scenario.
  • AG47
    AG47 Posts: 1,618 Forumite
    In uncertain times it's always good to hve some extra food and provisions.

    Most people have about three days of food in their homes, and the last day or so will be scrapping the bottom of the barrel.

    These are certainly uncertain times. The best case scenario will still see impact on virtually everybody.

    The worst case scenario doesn't even warrant thinking about, but the reality will probably be something in between.
    Nothing has been fixed since 2008, it was just pushed into the future
  • LHW99
    LHW99 Posts: 5,260 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Most people have about three days of food in their homes
    Surely most people have freezers, and few will empty them completely each week. If the contents can't provide a reasonable meal after only 3 days, its their shopping lists that need looking at.
  • Malthusian
    Malthusian Posts: 11,055 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Not when the power is shut off after hard Brexit and all the food in your freezer thaws.

    If your response to that counter is "Why would the power be shut off?" you're not playing properly. There is no weighting of probability allowed here. There is no "why", only "what", as in "'s the worst thing I can think of".

    In prepper mentality the worst case scenario is the only one that matters. If you think you've found a solution then you haven't thought of the worst case scenario yet.
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